Charles Schwab (SCHW) FY2011 results: revenue $4.7 billion, up 10.4% on the year
Charles Schwab Corp. (SCHW) reported revenue of $4.7 billion for fiscal 2011, the year ended 31 December 2011, up 10.4% on the year before. Net income was $864 million, up 90.3%, and diluted earnings per share $0.70. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2012.
Revenue
$4.7 billion
+10.4% on the year
FY2007FY2011
Operating margin
n/a
FY2007FY2011
Net income
$864 million
+90.3% on the year
FY2007FY2011
Diluted EPS
$0.70
+84.2% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
4,691
4,248
4,193
+10.4%
Interest expense
175
199
183
-12.1%
Pre-tax income
1,392
779
1,276
+78.7%
Income tax
528
325
489
+62.5%
Effective tax rate
37.9%
41.7%
38.3%
Net income
864
454
787
+90.3%
Net margin
18.4%
10.7%
18.8%
Diluted EPS
$0.70
$0.38
$0.68
+84.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
2,464
-9.0
1,437
Capital expenditure
180
129
140
+39.5%
Free cash flow
2,284
-138
1,297
Free cash flow margin
48.7%
-3.2%
30.9%
Cash from investing
-8,667
-15,410
-14,057
Cash from financing
9,951
12,109
15,419
-17.8%
Depreciation and amortisation
155
146
159
+6.2%
Share-based compensation
99.0
87.0
75.0
+13.8%
Buybacks
n/a
n/a
0.0
Dividends paid
295
288
279
+2.4%
Dividend per share
$0.24
n/a
$0.24
Diluted shares, weighted
1,229m
1,194m
1,160m
+2.9%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
7,714
6,226
5,073
+23.9%
Deposits
60,854
50,590
38,820
+20.3%
Debt
2,001
2,006
1,512
-0.2%
Other liabilities
37,984
33,746
30,026
+12.6%
Total liabilities and equity
108,553
92,568
75,431
+17.3%
Fixed assets
685
624
641
+9.8%
Goodwill
1,161
631
528
+84.0%
Intangible assets
326
54.0
23.0
+503.7%
Securities held for sale or to maturity
15,108
17,762
6,839
-14.9%
Loans
9,812
8,725
7,348
+12.5%
Cash and equivalents
8,679
4,931
8,241
+76.0%
Other assets
72,782
59,841
51,811
+21.6%
Total assets
108,553
92,568
75,431
+17.3%
10-K for the year ended 31 December 2011, filed 24 February 2012: the filing.