Charles Schwab 2010 Annual Report Download - page 30

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THE CHARLES SCHWAB CORPORATION
Item 6. Selected Financial Data
Selected Financial and Operating Data
(In Millions, Except Per Share Amounts, Ratios, or as Noted)
Growth Rates
Compounded
Annual
4-Year
2006-2010
1-Year
2009-2010 2010 2009 2008 2007 2006
Results of Operations
Net revenues
—
1% $ 4,248 $ 4,193 $ 5,15
0
$ 4,994
$ 4,309
Ex
p
enses excludin
g
interest
5%
19%
$3,469
$2,917
$3,122
$3,141
$2,833
Income from continuing
o
p
erations
(16%)
(4
2
%)
$ 454
$ 787
$1,23
0
$1,12
0
$ 891
Net income
(22%)
(4
2
%)
$454
$787
$1,212
$2,407
$1,227
Income from continuing
o
p
erations
p
er share
—
basic
(14%)
(44%)
$.38
$.68
$ 1.07
$.93
$.7
0
Income from continuing
operations per share —
diluted
(14%)
(44%)
$.38
$.68
$1.06
$.92
$.69
Basic earnin
g
s
p
er share
(21%)
(44%)
$.38
$.68
$ 1.06
$ 1.98
$.96
Diluted earnin
g
s
p
er share
(20%)
(44%)
$.38
$.68
$1.05
$1.96
$.95
Dividends declared per common
share
15%
—
$.24
0
$.24
0
$.22
0
$.20
0
$ .135
Special dividend declared per
common share
N/M
—
$
—
$
—
$
—
$1.0
0
$
—
Weighted-average common
shares outstandin
g
—
diluted
(2%)
3%
1,194
1,16
0
1,157
1,222
1,286
Asset management and
administration fees as a
p
ercenta
g
e of net revenues
43%
45%
46%
47%
45%
Net interest revenue as a
p
ercenta
g
e of net revenues
36%
3
0
%
33%
33%
33%
Trading revenue as a percentage
of net revenues
2
0
% 24% 21%
17%
18%
Effective income tax rate on
income from continuing
o
p
erations
41.
7
%
38.3%
39.3%
39.6%
39.6%
Capital expenditures
—
purchases of equipment,
office facilities, and property,
net
21%
(9%)
$12
7
$139
$194
$168
$59
Capital expenditures, net, as a
p
ercenta
g
e of net revenues
3%
3%
4%
3%
1%
Performance Measures
Net revenue
g
rowth (decline)
1%
(19%)
3%
16%
19%
Pre-tax profit margin from
continuin
g
o
p
erations
18.3%
30.4%
39.4%
37.1%
34.3%
Return on stockholders’ e
q
uit
y
8%
17%
31%
55%
26%
Financial Condition (at
y
ear end)
Total assets
17%
23% $ 92,568 $ 75,431 $ 51,675
$ 42,286
$ 48,992
Lon
g
-term debt
51%
33%
$2,006
$1,512
$883
$899
$388
Stockholders’ e
q
uit
y
6%
23%
$ 6,226
$ 5,073
$ 4,061
$ 3,732
$ 5,008
Assets to stockholders’ equity
ratio
15
15
13
11
1
0
Long-term debt to total financial
capital (long-term debt plus
stockholders’ e
q
uit
y
)
24%
23%
18%
19%
7%
Employee Information
(1)
(1, 2)
(1, 2)
(3)
(4)