2014 Form 10-K Financial Statement
#000031670915000014 Filed on February 23, 2015
Income Statement
| Concept | 2014 | 2013 | 2012 |
|---|---|---|---|
| Revenue | $6.157B | $5.549B | $4.883B |
| YoY Change | 10.96% | 13.64% | 4.09% |
| Cost Of Revenue | $102.0M | $150.0M | |
| YoY Change | -14.29% | ||
| Gross Profit | $6.055B | $4.931B | |
| YoY Change | 4.03% | ||
| Gross Profit Margin | 98.34% | 100.98% | |
| Selling, General & Admin | $3.433B | $3.228B | $2.963B |
| YoY Change | 6.35% | 8.94% | 3.31% |
| % of Gross Profit | 56.7% | 60.09% | |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $199.0M | $202.0M | $196.0M |
| YoY Change | -1.49% | 3.06% | 26.45% |
| % of Gross Profit | 3.29% | 3.97% | |
| Operating Expenses | $3.939B | $3.729B | $3.466B |
| YoY Change | 5.63% | 7.59% | 4.3% |
| Operating Profit | $2.116B | $1.465B | |
| YoY Change | 3.39% | ||
| Interest Expense | -$105.0M | $150.0M | |
| YoY Change | -170.0% | -14.29% | |
| % of Operating Profit | 10.24% | ||
| Other Income/Expense, Net | $274.0M | ||
| YoY Change | 1.86% | ||
| Pretax Income | $2.115B | $1.705B | $1.450B |
| YoY Change | 24.05% | 17.59% | 4.17% |
| Income Tax | $794.0M | $634.0M | $522.0M |
| % Of Pretax Income | 37.54% | 37.18% | 36.0% |
| Net Earnings | $1.321B | $1.071B | $928.0M |
| YoY Change | 23.34% | 15.41% | 7.41% |
| Net Earnings / Revenue | 21.46% | 19.3% | 19.0% |
| Basic Earnings Per Share | $0.69 | ||
| Diluted Earnings Per Share | $1.005M | $828.3K | $0.69 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 1.303B | 1.285B | 1.274B shares |
| Diluted Shares Outstanding | 1.315B | 1.293B | 1.275B |
Balance Sheet
| Concept | 2014 | 2013 | 2012 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $11.36B | $7.728B | $12.66B |
| YoY Change | 47.04% | -38.97% | 45.9% |
| Cash & Equivalents | $11.36B | $7.728B | $12.66B |
| Short-Term Investments | |||
| Other Short-Term Assets | $110.0M | $85.00M | $114.0M |
| YoY Change | 29.41% | -25.44% | -25.49% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $16.50B | $14.79B | $14.21B |
| Other Receivables | $0.00 | $0.00 | $150.0M |
| Total Short-Term Assets | $27.97B | $22.60B | $27.14B |
| YoY Change | 23.76% | -16.71% | 31.68% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.039B | $790.0M | $675.0M |
| YoY Change | 31.52% | 17.04% | -1.46% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $99.95B | $96.53B | $65.01B |
| YoY Change | 3.54% | 48.48% | 30.75% |
| Other Assets | $10.60B | $9.565B | $28.47B |
| YoY Change | 10.77% | -66.4% | 9.24% |
| Total Long-Term Assets | $126.7B | $121.0B | $106.5B |
| YoY Change | 4.65% | 13.65% | 21.1% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $27.97B | $22.60B | $27.14B |
| Total Long-Term Assets | $126.7B | $121.0B | $106.5B |
| Total Assets | $154.6B | $143.6B | $133.6B |
| YoY Change | 7.66% | 7.49% | 23.11% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $36.31B | $36.80B | $41.40B |
| YoY Change | -1.33% | -11.11% | 13.15% |
| Accrued Expenses | $1.816B | $1.586B | $1.641B |
| YoY Change | 14.5% | -3.35% | 17.47% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $102.8B | $92.97B | $79.38B |
| YoY Change | 10.59% | 17.13% | 30.44% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $140.9B | $131.4B | $122.4B |
| YoY Change | 7.29% | 7.3% | 23.86% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.899B | $1.903B | $1.632B |
| YoY Change | -0.21% | 16.61% | -18.44% |
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $1.899B | $1.903B | $1.632B |
| YoY Change | -0.21% | 16.61% | -18.44% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $140.9B | $131.4B | $122.4B |
| Total Long-Term Liabilities | $1.899B | $1.903B | $1.632B |
| Total Liabilities | $142.8B | $133.3B | $124.0B |
| YoY Change | 7.19% | 7.43% | 23.02% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $11.80B | $10.38B | $9.589B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $154.6B | $143.6B | $133.6B |
| YoY Change | 7.66% | 7.49% | 23.11% |
Cashflow Statement
| Concept | 2014 | 2013 | 2012 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $1.321B | $1.071B | $928.0M |
| YoY Change | 23.34% | 15.41% | 7.41% |
| Depreciation, Depletion And Amortization | $199.0M | $202.0M | $196.0M |
| YoY Change | -1.49% | 3.06% | 26.45% |
| Cash From Operating Activities | $2.348B | $1.656B | $1.266B |
| YoY Change | 41.79% | 30.81% | -48.62% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$400.0M | -$249.0M | $148.0M |
| YoY Change | 60.64% | -268.24% | -17.78% |
| Acquisitions | $80.00M | ||
| YoY Change | -248.15% | ||
| Other Investing Activities | -$7.995B | -$19.80B | -$3.000M |
| YoY Change | -59.62% | 659933.33% | -57.14% |
| Cash From Investing Activities | -$8.395B | -$20.05B | -$16.26B |
| YoY Change | -58.13% | 23.31% | 87.61% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $337.0M | ||
| YoY Change | 14.24% | ||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $732.0M | ||
| YoY Change | 531.03% | ||
| Cash From Financing Activities | 9.682B | 13.46B | 18.98B |
| YoY Change | -28.06% | -29.08% | 90.71% |
| NET CHANGE | |||
| Cash From Operating Activities | 2.348B | 1.656B | 1.266B |
| Cash From Investing Activities | -8.395B | -20.05B | -16.26B |
| Cash From Financing Activities | 9.682B | 13.46B | 18.98B |
| Net Change In Cash | 3.635B | -4.935B | 3.984B |
| YoY Change | -173.66% | -223.87% | 6.3% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $2.348B | $1.656B | $1.266B |
| Capital Expenditures | -$400.0M | -$249.0M | $148.0M |
| Free Cash Flow | $2.748B | $1.905B | $1.118B |
| YoY Change | 44.25% | 70.39% | -51.05% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
|
32000000 | |
| CY2014 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
|
1000000 | |
| CY2014Q4 | us-gaap |
Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
|
13441000000 | |
| CY2014 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1303000000 | |
| CY2013Q1 | schw |
Price To Earnings Ratio Lower Limit
PriceToEarningsRatioLowerLimit
|
22 | |
| CY2013Q2 | schw |
Price To Earnings Ratio Lower Limit
PriceToEarningsRatioLowerLimit
|
24 | |
| CY2013Q3 | schw |
Price To Earnings Ratio Lower Limit
PriceToEarningsRatioLowerLimit
|
30 | |
| CY2013Q4 | schw |
Price To Earnings Ratio Lower Limit
PriceToEarningsRatioLowerLimit
|
26 | |
| CY2014Q1 | schw |
Price To Earnings Ratio Lower Limit
PriceToEarningsRatioLowerLimit
|
27 | |
| CY2014Q2 | schw |
Price To Earnings Ratio Lower Limit
PriceToEarningsRatioLowerLimit
|
27 | |
| CY2014Q3 | schw |
Price To Earnings Ratio Lower Limit
PriceToEarningsRatioLowerLimit
|
28 | |
| CY2014Q4 | schw |
Price To Earnings Ratio Lower Limit
PriceToEarningsRatioLowerLimit
|
24 | |
| CY2013Q1 | schw |
Price To Earnings Ratio Upper Limit
PriceToEarningsRatioUpperLimit
|
26 | |
| CY2013Q2 | schw |
Price To Earnings Ratio Upper Limit
PriceToEarningsRatioUpperLimit
|
32 | |
| CY2013Q3 | schw |
Price To Earnings Ratio Upper Limit
PriceToEarningsRatioUpperLimit
|
32 | |
| CY2013Q4 | schw |
Price To Earnings Ratio Upper Limit
PriceToEarningsRatioUpperLimit
|
33 | |
| CY2014Q1 | schw |
Price To Earnings Ratio Upper Limit
PriceToEarningsRatioUpperLimit
|
33 | |
| CY2014Q2 | schw |
Price To Earnings Ratio Upper Limit
PriceToEarningsRatioUpperLimit
|
30 | |
| CY2014Q3 | schw |
Price To Earnings Ratio Upper Limit
PriceToEarningsRatioUpperLimit
|
33 | |
| CY2014Q4 | schw |
Price To Earnings Ratio Upper Limit
PriceToEarningsRatioUpperLimit
|
32 | |
| CY2013Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
328000000 | |
| CY2014Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
359000000 | |
| CY2013Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
28000000 | |
| CY2014Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
-39000000 | |
| CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.012 | |
| CY2013Q4 | us-gaap |
Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
|
12467000000 | |
| CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1293000000 | |
| CY2014 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1315000000 | |
| CY2014Q4 | us-gaap |
Securities Loaned Gross
SecuritiesLoanedGross
|
1477000000 | |
| CY2013Q4 | us-gaap |
Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
|
14016000000 | |
| CY2014Q4 | us-gaap |
Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
|
10186000000 | |
| CY2013Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Amount Offset Against Collateral
SecuritiesPurchasedUnderAgreementsToResellAmountOffsetAgainstCollateral
|
0 | |
| CY2014Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Amount Offset Against Collateral
SecuritiesPurchasedUnderAgreementsToResellAmountOffsetAgainstCollateral
|
0 | |
| CY2013Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Collateral Obligation To Return Cash
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash
|
14016000000 | |
| CY2014Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Collateral Obligation To Return Cash
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash
|
10186000000 | |
| CY2013Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Gross
SecuritiesPurchasedUnderAgreementsToResellGross
|
14016000000 | |
| CY2014Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Gross
SecuritiesPurchasedUnderAgreementsToResellGross
|
10186000000 | |
| CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1275000000 | |
| CY2013 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
|
10000000 | |
| CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.023 | |
| CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.023 | |
| CY2012 | us-gaap |
Noninterest Expense
NoninterestExpense
|
3433000000 | |
| CY2013 | us-gaap |
Noninterest Expense
NoninterestExpense
|
3730000000 | |
| CY2014 | us-gaap |
Noninterest Expense
NoninterestExpense
|
3943000000 | |
| CY2012 | us-gaap |
Other Income
OtherIncome
|
256000000 | |
| CY2013 | us-gaap |
Other Income
OtherIncome
|
236000000 | |
| CY2013Q4 | us-gaap |
Securities Borrowed
SecuritiesBorrowed
|
349000000 | |
| CY2014Q4 | us-gaap |
Securities Borrowed
SecuritiesBorrowed
|
187000000 | |
| CY2013Q4 | us-gaap |
Securities Borrowed Amount Offset Against Collateral
SecuritiesBorrowedAmountOffsetAgainstCollateral
|
4000000 | |
| CY2014Q4 | us-gaap |
Securities Borrowed Amount Offset Against Collateral
SecuritiesBorrowedAmountOffsetAgainstCollateral
|
1000000 | |
| CY2013Q4 | us-gaap |
Securities Borrowed Collateral Obligation To Return Cash
SecuritiesBorrowedCollateralObligationToReturnCash
|
257000000 | |
| CY2014Q4 | us-gaap |
Securities Borrowed Collateral Obligation To Return Cash
SecuritiesBorrowedCollateralObligationToReturnCash
|
117000000 | |
| CY2013Q4 | us-gaap |
Securities Borrowed Collateral Obligation To Return Securities
SecuritiesBorrowedCollateralObligationToReturnSecurities
|
88000000 | |
| CY2014Q4 | us-gaap |
Securities Borrowed Collateral Obligation To Return Securities
SecuritiesBorrowedCollateralObligationToReturnSecurities
|
69000000 | |
| CY2013Q4 | us-gaap |
Securities Borrowed Gross
SecuritiesBorrowedGross
|
349000000 | |
| CY2014Q4 | us-gaap |
Securities Borrowed Gross
SecuritiesBorrowedGross
|
187000000 | |
| CY2014 | us-gaap |
Other Income
OtherIncome
|
343000000 | |
| CY2013Q4 | us-gaap |
Securities Loaned
SecuritiesLoaned
|
1187000000 | |
| CY2014Q4 | us-gaap |
Securities Loaned
SecuritiesLoaned
|
1477000000 | |
| CY2013Q4 | us-gaap |
Securities Loaned Amount Offset Against Collateral
SecuritiesLoanedAmountOffsetAgainstCollateral
|
80000000 | |
| CY2014Q4 | us-gaap |
Securities Loaned Amount Offset Against Collateral
SecuritiesLoanedAmountOffsetAgainstCollateral
|
115000000 | |
| CY2013Q4 | us-gaap |
Securities Loaned Collateral Right To Reclaim Cash
SecuritiesLoanedCollateralRightToReclaimCash
|
1019000000 | |
| CY2014Q4 | us-gaap |
Securities Loaned Collateral Right To Reclaim Cash
SecuritiesLoanedCollateralRightToReclaimCash
|
1293000000 | |
| CY2013Q4 | us-gaap |
Securities Loaned Collateral Right To Reclaim Securities
SecuritiesLoanedCollateralRightToReclaimSecurities
|
88000000 | |
| CY2014Q4 | us-gaap |
Securities Loaned Collateral Right To Reclaim Securities
SecuritiesLoanedCollateralRightToReclaimSecurities
|
69000000 | |
| CY2013Q4 | us-gaap |
Securities Loaned Gross
SecuritiesLoanedGross
|
1187000000 |
