Charles Schwab (SCHW) FY2021 results: revenue $18.5 billion, up 58.4% on the year
Charles Schwab Corp. (SCHW) reported revenue of $18.5 billion for fiscal 2021, the year ended 31 December 2021, up 58.4% on the year before. Net income was $5.9 billion, up 77.5%, and diluted earnings per share $2.83. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$18.5 billion
+58.4% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$5.9 billion
+77.5% on the year
FY2014FY2021
Diluted EPS
$2.83
+33.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,118
6,852
9,325
-69.1%
Capital expenditure
916
631
708
+45.2%
Free cash flow
1,202
6,221
8,617
-80.7%
Free cash flow margin
6.5%
53.2%
80.4%
Cash from investing
-75,663
-125,851
11,964
Cash from financing
96,323
143,982
-13,939
-33.1%
Depreciation and amortisation
549
414
322
+32.6%
Share-based compensation
254
204
183
+24.5%
Buybacks
0.0
0.0
2,220
Dividends paid
1,822
1,280
1,060
+42.3%
Dividend per share
$0.72
$0.72
$0.68
0.0%
Diluted shares, weighted
1,897m
1,435m
1,320m
+32.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
56,261
56,060
21,745
+0.4%
Deposits
443,778
358,022
220,094
+24.0%
Short-term borrowings
4,855
0.0
n/a
Debt
18,914
13,632
7,430
+38.7%
Other liabilities
143,462
121,295
44,736
+18.3%
Total liabilities and equity
667,270
549,009
294,005
+21.5%
Fixed assets
3,442
2,883
2,128
+19.4%
Goodwill
11,952
11,952
1,227
0.0%
Intangible assets
9,379
9,991
128
-6.1%
Securities held for sale or to maturity
390,054
337,400
196,128
+15.6%
Loans
34,636
23,813
18,212
+45.4%
Securities borrowed
582
873
735
-33.3%
Cash and equivalents
62,975
40,348
29,345
+56.1%
Other assets
154,250
121,749
46,102
+26.7%
Total assets
667,270
549,009
294,005
+21.5%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.