SCHWAB CHARLES CORP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
SCHW$93.03+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| Consolidated Balance Sheets (1) | ||
|---|---|---|
| (In Millions, Except Per Share and Share Amounts) | ||
| December 31, | 2023 | 2022 |
| Assets | ||
| Cash and cash equivalents | $43,337 | $40,195 |
| Cash and investments segregated and on deposit for regulatory purposes (including resale agreements of $8,844 and $12,159 at December 31, 2023 and 2022, respectively) | 31,836 | 42,983 |
| Receivables from brokerage clients — net | 68,667 | 66,591 |
| Available for sale securities (amortized cost of $116,336 and $160,162 at December 31, 2023 and 2022, respectively; including assets pledged of $1,733 and $41, respectively) | 107,646 | 147,871 |
| Held to maturity securities (including assets pledged of $3,703 and $4,522 at December 31, 2023 and 2022, respectively) | 159,452 | 173,074 |
| Bank loans — net | 40,439 | 40,505 |
| Equipment, office facilities, and property — net | 3,690 | 3,714 |
| Goodwill | 11,951 | 11,951 |
| Acquired intangible assets — net | 8,260 | 8,789 |
| Other assets | 17,900 | 16,099 |
| Total assets | $493,178 | $551,772 |
| Liabilities and Stockholders’ Equity | ||
| Bank deposits | $289,953 | $366,724 |
| Payables to brokerage clients | 84,786 | 97,438 |
| Accrued expenses and other liabilities | 18,400 | 13,124 |
| Other short-term borrowings | 6,553 | 4,650 |
| Federal Home Loan Bank borrowings | 26,400 | 12,400 |
| Long-term debt | 26,128 | 20,828 |
| Total liabilities | 452,220 | 515,164 |
| Stockholders’ equity: | ||
| Preferred stock — $.01 par value per share; aggregate liquidation preference of $9,329 and $9,850 at December 31, 2023 and 2022, respectively | 9,191 | 9,706 |
| Common stock — 3 billion shares authorized; $.01 par value per share; 2,023,295,180 shares issued at December 31, 2023 and 2022 | 20 | 20 |
| Nonvoting common stock — 300 million shares authorized; $.01 par value per share; 50,893,695 shares issued at December 31, 2023 and 2022 | 1 | 1 |
| Additional paid-in capital | 27,330 | 27,075 |
| Retained earnings | 33,901 | 31,066 |
| Treasury stock, at cost — 250,678,452 and 221,033,042 shares at December 31, 2023 and 2022, respectively | (11,354) | (8,639) |
| Accumulated other comprehensive income (loss) | (18,131) | (22,621) |
| Total stockholders’ equity | 40,958 | 36,608 |
| Total liabilities and stockholders’ equity | $493,178 | $551,772 |
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