SCHWAB CHARLES CORP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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.
See the whole filing, with its images and exhibitsContents
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data
TABLE OF CONTENTS
| Consolidated Statements of Income | 66 | |
|---|---|---|
| Consolidated Statements of Comprehensive Income | 67 | |
| Consolidated Balance Sheets | 68 | |
| Consolidated Statements of Stockholders’ Equity | 69 | |
| Consolidated Statements of Cash Flows | 70 | |
| Notes to Consolidated Financial Statements | 72 | |
| Note 1. | Introduction and Basis of Presentation | 72 |
| Note 2. | Summary of Significant Accounting Policies | 73 |
| Note 3. | Revenue Recognition | 83 |
| Note 4. | Receivables from and Payables to Brokerage Clients | 84 |
| Note 5. | Investment Securities | 85 |
| Note 6. | Bank Loans and Related Allowance for Credit Losses | 88 |
| Note 7. | Equipment, Office Facilities, and Property | 92 |
| Note 8. | Goodwill and Acquired Intangible Assets | 93 |
| Note 9. | Other Assets | 94 |
| Note 10. | Variable Interest Entities | 94 |
| Note 11. | Bank Deposits | 95 |
| Note 12. | Borrowings | 96 |
| Note 13. | Leases | 99 |
| Note 14. | Commitments and Contingencies | 100 |
| Note 15. | Exit and Other Related Liabilities | 102 |
| Note 16. | Derivative Instruments and Hedging Activities | 105 |
| Note 17. | Financial Instruments Subject to Off-Balance Sheet Credit Risk | 106 |
| Note 18. | Fair Values of Assets and Liabilities | 109 |
| Note 19. | Stockholders’ Equity | 112 |
| Note 20. | Accumulated Other Comprehensive Income | 115 |
| Note 21. | Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans | 116 |
| Note 22. | Taxes on Income | 118 |
| Note 23. | Regulatory Requirements | 120 |
| Note 24. | Segment Information | 122 |
| Note 25. | Earnings Per Common Share | 122 |
| Note 26. | The Charles Schwab Corporation – Parent Company Only Financial Statements | 124 |
| Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34) | 126 | |
| Management’s Report on Internal Control Over Financial Reporting | 128 |
- 65 -
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.