Charles Schwab 2015 Annual Report Download - page 77
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THE CHARLES SCHWAB CORPORATION
- 57 -
Consolidated Balance Sheets
(In Millions, Except Per Share and Share Amounts)
December 31, 2015 2014
Assets
Cash and cash equivalents $ 11,978 $ 11,363
Cash and investments segregated and on deposit for regulatory purposes
(including resale agreements of $8,088 and $10,186 at December 31, 2015
and 2014, respectively) 19,598 20,781
Receivables from brokers, dealers, and clearing organizations 582 469
Receivables from brokerage clients — net 17,313 15,669
Other securities owned — at fair value 533 516
Securities available for sale 65,646 54,783
Securities held to maturity (fair value — $50,088 and $34,743 at December 31,
2015 and 2014, respectively) 50,007 34,389
Bank loans — net 14,334 13,399
Equipment, office facilities, and property — net 1,145 1,039
Goodwill 1,227 1,227
Intangible assets — net 181 227
Other assets 1,174 780
Total assets $ 183,718 $ 154,642
Liabilities and Stockholders’ Equity
Bank deposits $ 129,502 $ 102,815
Payables to brokers, dealers, and clearing organizations 2,588 2,004
Payables to brokerage clients 33,185 34,305
Accrued expenses and other liabilities 2,151 1,816
Long-term debt 2,890 1,899
Total liabilities 170,316 142,839
Stockholders’ equity:
Preferred stock — $.01 par value per share; aggregate liquidation preference
of $1,485 and $885 at December 31, 2015 and 2014, respectively 1,459 872
Common stock — 3 billion shares authorized; $.01 par value per share;
1,487,543,446 shares issued 15 15
Additional paid-in capital 4,152 4,050
Retained earnings 11,253 10,198
Treasury stock, at cost — 167,205,881 shares and 176,821,202 shares
at December 31, 2015 and 2014, respectively (3,343) (3,497)
Accumulated other comprehensive income (134) 165
Total stockholders’ equity 13,402 11,803
Total liabilities and stockholders’ equity $ 183,718 $ 154,642
See Notes to Consolidated Financial Statements.