SCHWAB CHARLES CORP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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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.
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Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data
TABLE OF CONTENTS
| Consolidated Statements of Income | 64 | |
|---|---|---|
| Consolidated Statements of Comprehensive Income | 65 | |
| Consolidated Balance Sheets | 66 | |
| Consolidated Statements of Stockholders’ Equity | 67 | |
| Consolidated Statements of Cash Flows | 68 | |
| Notes to Consolidated Financial Statements | 70 | |
| Note 1. | Introduction and Basis of Presentation | 70 |
| Note 2. | Summary of Significant Accounting Policies | 71 |
| Note 3. | Revenue Recognition | 81 |
| Note 4. | Receivables from and Payables to Brokers, Dealers, and Clearing Organizations | 82 |
| Note 5. | Receivables from and Payables to Brokerage Clients | 82 |
| Note 6. | Investment Securities | 83 |
| Note 7. | Bank Loans and Related Allowance for Credit Losses | 86 |
| Note 8. | Equipment, Office Facilities, and Property | 90 |
| Note 9. | Goodwill and Acquired Intangible Assets | 90 |
| Note 10. | Other Assets | 91 |
| Note 11. | Variable Interest Entities | 92 |
| Note 12. | Bank Deposits | 92 |
| Note 13. | Borrowings | 93 |
| Note 14. | Leases | 96 |
| Note 15. | Commitments and Contingencies | 97 |
| Note 16. | Exit and Other Related Liabilities | 99 |
| Note 17. | Derivative Instruments and Hedging Activities | 102 |
| Note 18. | Financial Instruments Subject to Off-Balance Sheet Credit Risk | 104 |
| Note 19. | Fair Values of Assets and Liabilities | 106 |
| Note 20. | Stockholders’ Equity | 109 |
| Note 21. | Accumulated Other Comprehensive Income | 111 |
| Note 22. | Employee Incentive, Retirement, Deferred Compensation, and Career Achievement Plans | 112 |
| Note 23. | Taxes on Income | 114 |
| Note 24. | Regulatory Requirements | 116 |
| Note 25. | Segment Information | 117 |
| Note 26. | Earnings Per Common Share | 118 |
| Note 27. | The Charles Schwab Corporation – Parent Company Only Financial Statements | 120 |
| Note 28. | Subsequent Events | 121 |
| Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34) | 122 | |
| Management’s Report on Internal Control Over Financial Reporting | 124 |
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