Charles Schwab (SCHW) FY2012 results: revenue $4.9 billion, up 4.1% on the year
Charles Schwab Corp. (SCHW) reported revenue of $4.9 billion for fiscal 2012, the year ended 31 December 2012, up 4.1% on the year before. Net income was $928 million, up 7.4%, and diluted earnings per share $0.69. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$4.9 billion
+4.1% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$928 million
+7.4% on the year
FY2007FY2012
Diluted EPS
$0.69
-1.4% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
4,883
4,691
4,248
+4.1%
Interest expense
150
175
199
-14.3%
Pre-tax income
1,450
1,392
779
+4.2%
Income tax
522
528
325
-1.1%
Effective tax rate
36.0%
37.9%
41.7%
Net income
928
864
454
+7.4%
Net margin
19.0%
18.4%
10.7%
Diluted EPS
$0.69
$0.70
$0.38
-1.4%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,266
2,464
-9.0
-48.6%
Capital expenditure
148
180
129
-17.8%
Free cash flow
1,118
2,284
-138
-51.1%
Free cash flow margin
22.9%
48.7%
-3.2%
Cash from investing
-16,260
-8,667
-15,410
Cash from financing
18,978
9,951
12,109
+90.7%
Depreciation and amortisation
196
155
146
+26.5%
Share-based compensation
105
99.0
87.0
+6.1%
Dividends paid
337
295
288
+14.2%
Dividend per share
$0.24
$0.24
n/a
0.0%
Diluted shares, weighted
1,275m
1,229m
1,194m
+3.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
9,589
7,714
6,226
+24.3%
Deposits
79,377
60,854
50,590
+30.4%
Debt
1,632
2,001
2,006
-18.4%
Other liabilities
43,039
37,984
33,746
+13.3%
Total liabilities and equity
133,637
108,553
92,568
+23.1%
Fixed assets
675
685
624
-1.5%
Goodwill
1,228
1,161
631
+5.8%
Intangible assets
319
326
54.0
-2.1%
Securities held for sale or to maturity
64,317
15,108
17,762
+325.7%
Loans
10,726
9,812
8,725
+9.3%
Securities borrowed
121
n/a
n/a
Cash and equivalents
12,663
8,679
4,931
+45.9%
Other assets
43,588
72,782
59,841
-40.1%
Total assets
133,637
108,553
92,568
+23.1%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.