XML 22 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net Revenues      
Asset management and administration fees [1] $ 3,055 $ 2,650 $ 2,533
Interest revenue 3,493 2,657 2,374
Interest expense (171) (132) (102)
Net interest revenue 3,322 2,525 2,272
Trading revenue 825 866 907
Other 271 328 343
Provision for loan losses 5 11 4
Net impairment losses on securities     (1)
Total net revenues 7,478 6,380 6,058
Expenses Excluding Interest      
Compensation and benefits 2,466 2,241 2,184
Professional services 506 459 457
Occupancy and equipment 398 353 324
Advertising and market development 265 249 245
Communications 237 233 223
Depreciation and amortization 234 224 199
Other 379 342 311
Total expenses excluding interest 4,485 4,101 3,943
Income before taxes on income 2,993 2,279 2,115
Taxes on income 1,104 832 794
Net Income 1,889 1,447 1,321
Preferred stock dividends and other [2] 143 83 60
Net Income Available to Common Stockholders $ 1,746 $ 1,364 $ 1,261
Weighted-Average Common Shares Outstanding:      
Basic 1,324 1,315 1,303
Diluted 1,334 1,327 1,315
Earnings Per Common Share:      
Basic $ 1.32 $ 1.04 $ 0.96
Diluted 1.31 1.03 0.95
Dividends Declared Per Common Share $ 0.27 $ 0.24 $ 0.24
[1] Includes fee waivers of $224, $672, and $751 during the years ended December 31, 2016, 2015, and 2014, respectively,relating to Schwab-sponsored money market funds.
[2] Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units.