Charles Schwab 2011 Annual Report Download - page 77

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Consolidated Balance Sheets
(In Millions, Except Share and Per Share Amounts)
December 31, 2011 2010
Assets
Cash and cash equivalents 8,679$ 4,931$
Cash and investments segregated and on deposit for regulatory purposes (including
resale agreements of $17,899 and $12,697 at December 31, 2011 and 2010, respectively) 26,034 22,749
Receivables from brokers, dealers, and clearing organizations 230 415
Receivables from brokerage clients — net 11,072 11,235
Other securities owned — at fair value 593 337
Securities available for sale 33,965 23,993
Securities held to maturity (fair value — $15,539 and $17,848 at December 31, 2011
and 2010, respectively) 15,108 17,762
Loans to banking clients — net 9,812 8,725
Loans held for sale 70 185
Equipment, office facilities, and property — net 685 624
Goodwill 1,161 631
Intangible assets — net 326 54
Other assets 818 927
Total assets 108,553$ 92,568$
Liabilities and Stockholders’ Equity
Deposits from banking clients 60,854$ 50,590$
Payables to brokers, dealers, and clearing organizations 1,098 1,389
Payables to brokerage clients 35,489 30,861
Accrued expenses and other liabilities 1,397 1,496
Long-term debt 2,001 2,006
Total liabilities 100,839 86,342
Stockholders’ equity:
- -
shares and 1,428,604,522 shares issued at December 31, 2011 and 2010, respectively 15 14
Additional paid-in capital 3,826 3,034
Retained earnings 7,978 7,409
Treasury stock, at cost — 216,378,623 shares and 226,222,313 shares
at December 31, 2011 and 2010, respectivel
y
(
4,113
)
(4,247)
Accumulated other comprehensive income 816
Total stockholders’ equity 7,714 6,226
Total liabilities and stockholders’ equity 108,553$ 92,568$
See Notes to Consolidated Financial Statements.
THE CHARLES SCHWAB CORPORATION
Preferred stock — 9,940,000 shares authorized; $.01 par value per share; none issued
Common stock — 3 billion shares authorized; $.01 par value per share; 1,487,543,446
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