Charles Schwab 2010 Annual Report Download - page 103
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Please find page 103 of the 2010 Charles Schwab annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.THE CHARLES SCHWAB CORPORATION
Notes to Consolidated Financial Statements
(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
26. The Charles Schwab Corporation
–
Parent Company Only Financial Statements
Condensed Statements of Income
Condensed Balance Sheets
-84 -
Year Ended December 31, 2010 2009 2008
Interest revenue
$ 3
$ 8
$27
Interest ex
p
ense
(86)
(66)
(54)
Net interest revenue
(83)
(58)
(27)
Other revenues
6
33
9
Other ex
p
enses
(18)
(15)
7
Loss before income tax benefit and e
q
uit
y
in earnin
g
s of subsidiaries
(95)
(4
0
)
(11)
Income tax benefit
36
16
2
Loss from continuin
g
o
p
erations before e
q
uit
y
in earnin
g
s of subsidiaries
(59)
(24)
(9)
E
q
uit
y
in earnin
g
s of subsidiaries:
E
q
uit
y
in undistributed earnin
g
s of subsidiaries
478
228
251
Dividends from non-bankin
g
subsidiaries
35
583
988
Income from continuin
g
o
p
erations
454
787
1,23
0
Tax ex
p
ense from discontinued o
p
erations
—
—
(18)
Net Income
$ 454
$ 787
$ 1,212
December 31, 2010 2009
Assets
Cash and cash e
q
uivalents
$ 1,149
$ 875
Receivables from brokers, dealers, and clearin
g
or
g
anizations
—
11
Receivables from subsidiaries
92
74
Other securities owned
–
at fair value
91
513
Loans to non-bankin
g
subsidiaries
265
22
0
Investment in non-bankin
g
subsidiaries
2,509
2,319
Investment in Schwab Ban
k
4,189
2,549
E
q
ui
p
ment, office facilities, and
p
ro
p
ert
y
–
net
5
5
Other assets
91
13
0
Total
$ 8,391
$ 6,696
Liabilities and Stockholders’ Equit
y
Accrued ex
p
enses and other liabilities
$232
$177
Pa
y
ables to subsidiaries
33
45
Lon
g
-term debt
1,90
0
1,401
Total liabilities
2,165
1,623
Stockholders’ e
q
uit
y
6,226
5,073
Total
$ 8,391
$ 6,696