Charles Schwab 2011 Annual Report Download - page 75
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THE CHARLES SCHWAB CORPORATION
- 47 -
Item 8. Financial Statements and Supplementary Data
TABLE OF CONTENTS
Consolidated Statements of Income ------------------------------------------------------------------------------------------------- 48
Consolidated Balance Sheets --------------------------------------------------------------------------------------------------------- 49
Consolidated Statements of Cash Flows -------------------------------------------------------------------------------------------- 50
Consolidated Statements of Stockholders’ Equity -------------------------------------------------------------------------------- 51
Notes to Consolidated Financial Statements --------------------------------------------------------------------------------------- 52
Note 1. Introduction and Basis of Presentation -------------------------------------------------------------------------------- 52
Note 2. Summary of Significant Accounting Policies ------------------------------------------------------------------------ 52
Note 3. Business Acquisitions --------------------------------------------------------------------------------------------------- 56
Note 4. Receivables from Brokerage Clients ---------------------------------------------------------------------------------- 58
Note 5. Other Securities Owned ------------------------------------------------------------------------------------------------- 59
Note 6. Securities Available for Sale and Securities Held to Maturity ----------------------------------------------------- 59
Note 7. Loans to Banking Clients and Related Allowance for Loan Losses ----------------------------------------------- 63
Note 8. Equipment, Office Facilities, and Property --------------------------------------------------------------------------- 66
Note 9. Intangible Assets and Goodwill ---------------------------------------------------------------------------------------- 67
Note 10. Other Assets -------------------------------------------------------------------------------------------------------------- 67
Note 11. Deposits from Banking Clients ----------------------------------------------------------------------------------------- 68
Note 12. Payables to Brokers, Dealers, and Clearing Organizations --------------------------------------------------------- 68
Note 13. Payables to Brokerage Clients ------------------------------------------------------------------------------------------ 68
Note 14. Borrowings ---------------------------------------------------------------------------------------------------------------- 68
Note 15. Commitments and Contingencies -------------------------------------------------------------------------------------- 70
Note 16. Financial Instruments Subject to Off-Balance Sheet Risk, Credit Risk, or Market Risk ----------------------- 72
Note 17. Fair Values of Assets and Liabilities ---------------------------------------------------------------------------------- 75
Note 18. Equity Offering ----------------------------------------------------------------------------------------------------------- 78
Note 19. Accumulated Other Comprehensive Income (Loss) ----------------------------------------------------------------- 79
Note 20. Employee Incentive, Deferred Compensation, and Retirement Plans --------------------------------------------- 80
Note 21. Money Market Mutual Fund Charges --------------------------------------------------------------------------------- 82
Note 22. Taxes on Income --------------------------------------------------------------------------------------------------------- 82
Note 23. Earnings Per Share ------------------------------------------------------------------------------------------------------- 84
Note 24. Regulatory Requirements ----------------------------------------------------------------------------------------------- 84
Note 25. Segment Information ---------------------------------------------------------------------------------------------------- 86
Note 26. Subsequent Event -------------------------------------------------------------------------------------------------------- 87
Note 27. The Charles Schwab Corporation – Parent Company Only Financial Statements ------------------------------- 88
Note 28. Quarterly Financial Information (Unaudited) ------------------------------------------------------------------------ 90
Report of Independent Registered Public Accounting Firm --------------------------------------------------------------------- 91
Management’s Report on Internal Control Over Financial Reporting ---------------------------------------------------------- 92