Charles Schwab 2014 Annual Report Download - page 88
Download and view the complete annual report
Please find page 88 of the 2014 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.-
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
-
136
-
137
-
138
-
139
-
140
 |
 |
THE CHARLES SCHWAB CORPORATION
Notes to Consolidated Financial Statements
(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
- 70 -
7. Equipment, Office Facilities, and Property
Equipment, office facilities, and property are detailed below:
December 31, 2014 2013
Software $ 1,281 $ 1,177
Buildings 673 460
Leasehold improvements 310 300
Information technology equipment 257 245
Furniture and equipment 154 131
Telecommunications equipment 83 102
Construction in progress 64 95
Land 107 70
Total equipment, office facilities, and property 2,929 2,580
Accumulated depreciation and amortization (1,890) (1,790)
Total equipment, office facilities, and property – net $ 1,039 $ 790
Depreciation and amortization expense for equipment, office facilities, and property was $155 million, $154 million,
$149 million in 2014, 2013, and 2012, respectively.
8. Intangible Assets and Goodwill
The gross carrying value of intangible assets and accumulated amortization was:
December 31, 2014 December 31, 2013
Gross Net Gross Net
Carrying Accumulated Carrying Carrying Accumulated Carrying
Value Amortization Value Value Amortization Value
Customer relationships $ 274 $ 116 $ 158 $ 274 $ 84 $ 190
Technology 89 37 52 89 27 62
Trade name 17 6 11 17 4 13
Other 7 1 6 2 1 1
Total intangible assets $ 387 $ 160 $ 227 $ 382 $ 116 $ 266
Amortization expense for intangible assets was $44 million, $48 million, and $47 million in 2014, 2013, and 2012,
respectively.
Estimated future annual amortization expense for intangible assets as of December 31, 2014, is as follows:
2015 $ 45
2016 37
2017 34
2018 31
2019 29
Thereafter 51
Total intangible assets $ 227