Charles Schwab 2015 Annual Report Download - page 20

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THE CHARLES SCHWAB CORPORATION
Annual Report On Form 10-K
For Fiscal Year Ended December 31, 2015
TABLE OF CONTENTS
Part I
Item 1. Business 1
General Corporate Overview 1
Business Acquisitions 1
Business Strategy and Competitive Environment 1
Sources of Net Revenues 2
Products and Services 3
Regulation 5
Available Information 9
Item 1A. Risk Factors 9
Item 1B. Unresolved Securities and Exchange Commission Staff Comments 16
Item 2. Properties 16
Item 3. Legal Proceedings 17
Item 4. Mine Safety Disclosures 17
Part II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities 18
Item 6. Selected Financial Data 20
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 21
Forward-Looking Statements 21
Glossary of Terms 23
Overview 26
Current Regulatory Environment and Other Developments 28
Results of Operations 29
Risk Management 37
Liquidity 44
Fair Value of Financial Instruments 49
Critical Accounting Estimates 50
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 52
Item 8. Financial Statements and Supplementary Data 54
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 103
Item 9A. Controls and Procedures 103
Item 9B. Other Information 103
Part III
Item 10. Directors, Executive Officers, and Corporate Governance 103
Item 11. Executive Compensation 105
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 105
Item 13. Certain Relationships and Related Transactions, and Director Independence 105
Item 14. Principal Accountant Fees and Services 105
Part IV
Item 15. Exhibits and Financial Statement Schedule 106
Exhibit Index 107
Signatures 111
Index to Financial Statement Schedule F-1