Charles Schwab 2006 Annual Report Download - page 32

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30
(In Millions, Except Per Share Amounts and as Noted) 2005-06 2006 2005 2004
GROWTH RATE
1-YEAR
FIN A NCIAL HIGHL IGHTS
Net revenues 19% $ 4,309 $ 3,619 $ 3,416
Expenses excluding interest 9% $ 2,833 $ 2,592 $ 2,869
Net income 69% $ 1,227 $ 725 $ 286
Income from continuing
operations per share — basic 43% $ .70 $ .49 $ .26
Income from continuing
operations per share — diluted 44% $ .69 $ .48 $ .26
Basic earnings per share 73% $ .97 $ .56 $ .21
Diluted earnings per share 73% $ .95 $ .55 $ .21
Dividends declared per common share 52% $ .135 $ .089 $ .074
Weighted-average common shares
outstanding — diluted (2%) 1,286 1,308 1,365
Closing market price per share (at year end) 32% $ 19.34 $ 14.67 $ 11.96
Book value per common share (at year end) 15% $ 3.96 $ 3.45 $ 3.30
Net revenue growth 19% 6% 5%
Pre-tax profit margin from continuing operations 34.3% 28.4% 16.0%
Return on stockholders’ equity 26% 16% 6%
Full-time equivalent employees
(at year end, in thousands) 7% 12.4 11.6 11.8
Net revenues per average
full-time equivalent employee (in thousands) 13% $ 362 $ 319 $ 260
Note: All amounts are presented on a continuing operations basis to exclude U.S. Trust in light of its pending sale.