Skip to main content

SCHWAB CHARLES CORP

For the period ended Dec 31, 2024. Filed Feb 26, 2025.

View on SEC.gov

About 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.

FY2024 · Filed Feb 26, 2025

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 exhibits
Contents

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows (1)
(In Millions)
Year Ended December 31,202420232022
Cash Flows from Operating Activities
Net income$5,942$5,067$7,183
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Share-based compensation337320366
Depreciation and amortization916804652
Amortization of acquired intangible assets519534596
Provision (benefit) for deferred income taxes(191)(478)(18)
Premium amortization, net, on available for sale and held to maturity securities8068301,375
Other552702490
Net change in:
Investments segregated and on deposit for regulatory purposes(14,090)23,759(874)
Receivables from brokers, dealers, and clearing organizations887(451)172
Receivables from brokerage clients(16,779)(2,135)23,947
Other assets92(1,569)(73)
Payables to brokers, dealers, and clearing organizations6,6881,808(2,849)
Payables to brokerage clients16,773(12,652)(28,233)
Accrued expenses and other liabilities2183,048(677)
Net cash provided by (used for) operating activities2,67019,5872,057
Cash Flows from Investing Activities
Purchases of available for sale securities(2,986)(1,487)(51,009)
Proceeds from sales of available for sale securities3,5328,46524,704
Principal payments on available for sale securities25,58936,50849,944
Principal payments on held to maturity securities14,72115,46115,712
Net change in bank loans(4,787)99(5,788)
Purchases of equipment, office facilities, and property(620)(700)(971)
Purchases of FHLB stock(895)(1,869)(518)
Proceeds from sales of FHLB stock1,3881,34419
Purchases of Federal Reserve stock(189)(221)(106)
Proceeds from sales of Federal Reserve stock—98197
Other investing activities(322)(287)(136)
Net cash provided by (used for) investing activities35,43157,41132,048
Cash Flows from Financing Activities
Net change in bank deposits(30,832)(76,771)(77,054)
Proceeds from FHLB borrowings23,00149,20012,504
Repayments of FHLB borrowings(32,701)(35,200)(104)
Proceeds from other short-term borrowings27,01717,00020,891
Repayments of other short-term borrowings(27,571)(15,104)(21,100)
Issuances of long-term debt—6,0972,971
Repayments of long-term debt(3,682)(831)(1,036)
Repurchases of common stock and nonvoting common stock—(2,842)(3,395)
Issuance of preferred stock, net——740
Redemption and repurchase of preferred stock—(467)(1,000)
Dividends paid(2,275)(2,276)(2,110)
Proceeds from stock options exercised844964
Other financing activities(101)(100)(94)
Net cash provided by (used for) financing activities(47,060)(61,245)(68,723)
Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted(8,959)15,753(34,618)
Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year74,47358,72093,338
Cash and Cash Equivalents, including Amounts Restricted at End of Year$65,514$74,473$58,720

Continued on following page.

  • 68 -

Continued from previous page.

Year Ended December 31,202420232022
Supplemental Cash Flow Information
Non-cash investing activity:
Securities transferred from available for sale to held to maturity, at fair value$—$—$188,555
Changes in accrued equipment, office facilities, and property purchases$(13)$104$(19)
Non-cash financing activity:
Common stock repurchased during the period but settled after period end$—$—$40
Other Supplemental Cash Flow Information
Cash paid during the period for:
Interest$6,655$5,623$1,355
Income taxes$1,491$1,620$2,130
Amounts included in the measurement of lease liabilities$260$255$228
Leased assets obtained in exchange for new operating lease liabilities$153$118$274
Leased assets obtained in exchange for new finance lease liabilities$—$48$4
December 31,202420232022
Reconciliation of cash, cash equivalents and amounts reported within the balance sheet (2)
Cash and cash equivalents$42,083$43,337$40,195
Restricted cash and cash equivalents amounts included in cash and investments segregated and on deposit for regulatory purposes23,43131,13618,525
Total cash and cash equivalents, including amounts restricted shown in the statement of cash flows$65,514$74,473$58,720

(1)Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.

(2)For more information on the nature of restrictions on restricted cash and cash equivalents, see Note 24.

  • 69 -
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.