Charles Schwab (SCHW) FY2015 results: revenue $6.4 billion, up 5.3% on the year
Charles Schwab Corp. (SCHW) reported revenue of $6.4 billion for fiscal 2015, the year ended 31 December 2015, up 5.3% on the year before. Net income was $1.4 billion, up 9.5%, and diluted earnings per share $1.03. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$6.4 billion
+5.3% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$1.4 billion
+9.5% on the year
FY2008FY2015
Diluted EPS
$1.03
+8.4% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
6,380
6,058
5,435
+5.3%
Interest expense
132
102
105
+29.4%
Pre-tax income
2,279
2,115
1,705
+7.8%
Income tax
832
794
634
+4.8%
Effective tax rate
36.5%
37.5%
37.2%
Net income
1,447
1,321
1,071
+9.5%
Net margin
22.7%
21.8%
19.7%
Diluted EPS
$1.03
$0.95
$0.78
+8.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,246
2,348
1,656
-46.9%
Capital expenditure
266
400
249
-33.5%
Free cash flow
980
1,948
1,407
-49.7%
Free cash flow margin
15.4%
32.2%
25.9%
Depreciation and amortisation
224
199
202
+12.6%
Share-based compensation
135
115
116
+17.4%
Dividends paid
387
373
368
+3.8%
Dividend per share
$0.24
$0.24
$0.24
0.0%
Diluted shares, weighted
1,327m
1,315m
1,293m
+0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
13,402
11,803
10,381
+13.5%
Deposits
129,502
102,815
92,972
+26.0%
Debt
2,877
1,899
1,903
+51.5%
Other liabilities
37,937
38,125
38,386
-0.5%
Total liabilities and equity
183,718
154,642
143,642
+18.8%
Fixed assets
1,145
1,039
790
+10.2%
Goodwill
1,227
1,227
1,227
0.0%
Intangible assets
181
227
266
-20.3%
Securities held for sale or to maturity
115,653
89,172
81,936
+29.7%
Loans
14,334
13,399
12,419
+7.0%
Securities borrowed
198
187
349
+5.9%
Cash and equivalents
11,978
11,363
7,728
+5.4%
Other assets
39,002
38,028
38,927
+2.6%
Total assets
183,718
154,642
143,642
+18.8%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.