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The Charles Schwab Corporation - Parent Company Only Financial Statements
 12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
The Charles Schwab Corporation - Parent Company Only Financial Statements The Charles Schwab Corporation – Parent Company Only Financial Statements
Condensed Statements of Income
Year Ended December 31,202020192018
Interest revenue$38 $119 $88 
Interest expense(273)(248)(184)
Net interest expense(235)(129)(96)
Trading revenue1 — — 
Other revenue(1)(1)1 
Expenses Excluding Interest:
Professional services(68)(24)(6)
Other expenses excluding interest(85)(83)(79)
Loss before income tax benefit and equity in net income of subsidiaries(388)(237)(180)
Income tax benefit/(expense)45 (9)20 
Loss before equity in net income of subsidiaries(343)(246)(160)
Equity in net income of subsidiaries:   
Equity in undistributed net income/(distributions in excess of net income) of subsidiaries2,476 (1,198)2,590 
Dividends from bank subsidiaries— 4,915 750 
Dividends from non-bank subsidiaries1,166 233 327 
Net Income3,299 3,704 3,507 
Preferred stock dividends and other (1)
256 178 178 
Net Income Available to Common Stockholders$3,043 $3,526 $3,329 
(1) Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units.

Condensed Balance Sheets
December 31,20202019
Assets  
Cash and cash equivalents$4,654 $2,839 
Receivables from subsidiaries1,260 1,085 
Available for sale securities4,982 1,743 
Held to maturity securities— 224 
Investment in non-bank subsidiaries29,550 7,090 
Investment in bank subsidiaries25,548 16,325 
Other assets371 304 
Total assets$66,365 $29,610 
Liabilities and Stockholders’ Equity  
Accrued expenses and other liabilities$458 $430 
Payables to subsidiaries34 5 
Long-term debt9,813 7,430 
Total liabilities10,305 7,865 
Stockholders’ equity56,060 21,745 
Total liabilities and stockholders’ equity$66,365 $29,610 
Condensed Statements of Cash Flows 
Year Ended December 31,202020192018
Cash Flows from Operating Activities   
Net income$3,299 $3,704 $3,507 
Adjustments to reconcile net income to net cash provided by (used for) operating activities:   
Dividends in excess of (equity in undistributed) earnings of subsidiaries(2,476)1,198 (2,590)
Other41 9 13 
Net change in:  
Other assets(65)57 (5)
Accrued expenses and other liabilities34 34 28 
Net cash provided by (used for) operating activities833 5,002 953 
Cash Flows from Investing Activities   
Due from (to) subsidiaries — net46 (122)408 
Increase in investments in subsidiaries(2,172)(1,783)(1,188)
Repayments (Advances) of subordinated loan to CS&Co— 185 (185)
Purchases of available for sale securities(5,397)(1,141)(1,751)
Proceeds from sales of available for sale securities2 181 — 
Principal payments on available for sale securities2,395 994 573 
Other investing activities— — (5)
Net cash provided by (used for) investing activities(5,126)(1,686)(2,148)
Cash Flows from Financing Activities   
Issuance of long-term debt3,070 593 3,024 
Repayment of long-term debt(700)— (900)
Repurchases of common stock— (2,220)(1,000)
Net proceeds from preferred stock offerings4,940 — — 
Dividends paid(1,280)(1,060)(787)
Proceeds from stock options exercised and other79 118 125 
Other financing activities(1)— — 
Net cash provided by (used for) financing activities6,108 (2,569)462 
Increase (Decrease) in Cash and Cash Equivalents1,815 747 (733)
Cash and Cash Equivalents at Beginning of Year2,839 2,092 2,825 
Cash and Cash Equivalents at End of Year$4,654 $2,839 $2,092