Charles Schwab 2014 Annual Report Download - page 71

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THE CHARLES SCHWAB CORPORATION
- 53 -
Consolidated Balance Sheets
(In Millions, Except Per Share and Share Amounts)
December 31, 2014 2013
Assets
Cash and cash equivalents $ 11,363 $ 7,728
Cash and investments segregated and on deposit for regulatory purposes
(including resale agreements of $10,186 and $14,016 at December 31, 2014
and 2013, respectively) 20,781 23,553
Receivables from brokers, dealers, and clearing organizations 469 509
Receivables from brokerage clients — net 15,669 13,951
Other securities owned — at fair value 516 517
Securities available for sale 54,783 51,618
Securities held to maturity (fair value — $34,743 and $29,490 at December 31,
2014 and 2013, respectively) 34,389 30,318
Loans to banking clients — net 13,399 12,419
Equipment, office facilities, and property — net 1,039 790
Goodwill 1,227 1,227
Intangible assets — net 227 266
Other assets 780 746
Total assets $ 154,642 $ 143,642
Liabilities and Stockholders’ Equity
Deposits from banking clients $ 102,815 $ 92,972
Payables to brokers, dealers, and clearing organizations 2,004 1,467
Payables to brokerage clients 34,305 35,333
Accrued expenses and other liabilities 1,816 1,586
Long-term debt 1,899 1,903
Total liabilities 142,839 133,261
Stockholders’ equity:
Preferred stock — $.01 par value per share; aggregate liquidation
preference of $885 872 869
Common stock — 3 billion shares authorized; $.01 par value per share;
1,487,543,446 shares issued 15 15
Additional paid-in capital 4,050 3,951
Retained earnings 10,198 9,253
Treasury stock, at cost — 176,821,202 shares and 190,657,263 shares
at December 31, 2014 and 2013, respectively (3,497) (3,716)
Accumulated other comprehensive income 165 9
Total stockholders’ equity 11,803 10,381
Total liabilities and stockholders’ equity $ 154,642 $ 143,642
See Notes to Consolidated Financial Statements.