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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 33,574 [1] $ 29,345
Cash and investments segregated and on deposit for regulatory purposes (including resale agreements of $9,407 at June 30, 2020 and $9,028 at December 31, 2019) 33,188 20,483
Receivables from brokerage clients — net 21,421 21,767
Available for sale securities (amortized cost of $273,747 at June 30, 2020 and $61,155 at December 31, 2019) 281,216 61,422
Held to maturity securities 0 134,706
Bank loans — net 20,871 18,212
Equipment, office facilities, and property — net 2,314 2,128
Goodwill 1,733 1,227
Acquired intangible assets — net 1,278 128
Other assets 4,889 4,587
Total assets 400,484 294,005
Liabilities and Stockholders’ Equity    
Bank deposits 301,566 220,094
Payables to brokerage clients 50,135 39,220
Accrued expenses and other liabilities 9,442 5,516
Long-term debt 8,526 7,430
Total liabilities 369,669 272,260
Stockholders’ equity:    
Preferred stock — $.01 par value per share; aggregate liquidation preference of $5,350 and $2,850 at June 30, 2020 and December 31, 2019, respectively 5,263 2,793
Common stock — 3 billion shares authorized; $.01 par value per share; 1,487,543,446 shares issued 15 15
Additional paid-in capital 4,760 4,656
Retained earnings 20,876 19,960
Treasury stock, at cost — 199,058,357 shares at June 30, 2020 and 201,818,100 shares at December 31, 2019 (5,710) (5,767)
Accumulated other comprehensive income (loss) 5,611 88
Total stockholders’ equity 30,815 21,745
Total liabilities and stockholders’ equity $ 400,484 $ 294,005
[1] For more information on the nature of restrictions on restricted cash and cash equivalents, see Note 15.