Charles Schwab 2008 Annual Report Download - page 58

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Consolidated Balance Sheets
(In Millions, Except Share and Per Share Amounts)
December 31, 2008 2007
Assets
Cash and cash equivalents 5,442$ 6,764$
Cash and investments segregated and on deposit for regulatory purposes
(including resale agreements of $6,701 in 2008 and $2,722 in 2007) 14,685 8,803
Receivables from brokers, dealers, and clearing organizations 759 725
Receivables from brokerage clients — net 7,129 12,314
Other securities owned — at fair value 626 675
Securities available for sale 14,446 7,526
Securities held to maturity (fair value — $244 at December 31, 2008) 243 -
Loans to banking clients — net 6,044 3,443
Loans held for sale 41 44
Equipment, office facilities, and property — net 661 617
Goodwill 528 525
Other assets 1,071 850
Total 51,675$ 42,286$
Liabilities and Stockholders’ Equity
Deposits from banking clients 23,841$ 13,822$
Payables to brokers, dealers, and clearing organizations 1,100 1,922
Payables to brokerage clients 20,256 20,290
Accrued expenses and other liabilities 1,534 1,621
Long-term debt 883 899
Total Liabilities 47,614 38,554
Stockholders’ equity:
--
1,392,091,544 shares issued 14 14
Additional paid-in capital 2,214 2,107
Retained earnings 6,735 5,776
respectively, at cost (4,349) (4,148)
Accumulated other comprehensive loss (553) (17)
Total stockholders’ equity 4,061 3,732
Total 51,675$ 42,286$
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;
Treasury stock — 234,991,565 and 231,274,906 shares in 2008 and 2007,
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