Charles Schwab 2010 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2010 Charles Schwab annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 135

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135

THE CHARLES SCHWAB CORPORATION
TABLE OF CONTENTS
-45 -
Item 8. Financial Statements and Supplementary Data
Consolidated Statements of Income
46
Consolidated Balance Sheets
47
Consolidated Statements of Cash Flows
48
Consolidated Statements of Stockholders’ E
q
uit
y
49
Notes to Consolidated Financial Statements
50
Note 1.
Introduction and Basis of Presentation
50
Note 2.
Summar
y
of Si
g
nificant Accountin
g
Policies
50
Note 3.
Business Ac
q
uisition
54
Note 4.
Receivables from Brokera
g
e Clients
54
Note 5.
Other Securities Owned
55
Note 6.
Securities Available for Sale and Securities Held to Maturit
y
55
Note 7.
Loans to Banking Clients and Related Allowance for Loan Losses
59
Note 8.
E
q
ui
p
ment, Office Facilities, and Pro
p
ert
y
62
Note 9.
Other Assets
63
Note 10.
De
p
osits from Bankin
g
Clients
63
Note 11.
Pa
y
ables to Brokers, Dealers, and Clearin
g
Or
g
anizations
63
Note 12.
Pa
y
ables to Brokera
g
e Clients
63
Note 13.
Borrowin
g
s
64
Note 14.
Commitments and Contin
g
ent Liabilities
66
Note 15.
Financial Instruments Subject to Off-Balance Sheet Risk, Credit Risk, or Market Ris
k
69
Note 16.
Fair Values of Assets and Liabilities
71
Note 17.
E
q
uit
y
Offerin
g
74
Note 18
Accumulated Other Com
p
rehensive Income (Loss)
75
Note 19.
Em
p
lo
y
ee Incentive, Deferred Com
p
ensation, and Retirement Plans
76
Note 20.
Mone
y
Market Mutual Fund Char
g
es
78
Note 21.
Taxes on Income
78
Note 22.
Earnin
g
s Per Share
80
Note 23.
Re
g
ulator
y
Re
q
uirements
81
Note 24.
Se
g
ment Information
82
Note 25.
Discontinued O
p
erations
83
Note 26.
The Charles Schwab Cor
p
oration
–
Parent Com
p
an
y
Onl
y
Financial Statements
84
Note 27.
Quarterl
y
Financial Information (Unaudited)
86
Re
p
ort of Inde
p
endent Re
g
istered Public Accountin
g
Firm
87
Mana
g
ement’s Re
p
ort on Internal Control Over Financial Re
p
ortin
g
88