The Charles Schwab Corporation

NYSE-SCHW

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Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	4,035	3,248	2,694	2,170	2,897	3,988
Net Income
Depreciation & Amortization	690	715	720	701	637	631
Depreciation and Amortization
Amortization of Acquired Intangible Assets
Stock Based Compensation	198	135	202	126	194	160
Share-Based Compensation
Other Adjustments	630	622	545	380	674	829
Provision for Loan Losses
Provision for Deferred Income Taxes
Premium Amortization, Net, on Available for Sale and Held to Maturity Securities
Other
Changes in Restricted Cash and Segregated Assets	-7,403	-14,818	728	12,927	10,832	9,731
Cash and Investments Segregated and on Deposit for Regulatory Purposes
Investments Segregated and on Deposit for Regulatory Purposes
Changes in Trading Assets	—	—	—	—	—	—
Other Securities Owned
Changes in Trade Receivables	696	-11,782	-4,110	-3,995	1,409	9,699
Receivables from Brokers, Dealers, and Clearing Organizations
Receivables from Brokerage Clients
Changes in Accounts Payable	13,043	29,079	-5,618	1,799	-12,643	-20,291
Payables to Brokers, Dealers, and Clearing Organizations
Payables to Brokerage Clients
Changes in Accrued Expenses	-1,688	1,593	-1,375	2,460	588	2,199
Accrued Expenses and Other Liabilities
Changes in Other Operating Activities	-665	-521	613	-1,542	-27	1
Other Assets
Cash from Operating Activities	9,536	8,271	-5,601	15,026	4,561	6,947
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-245	-657	-238	-1,471	-398	19
Purchases of Equipment, Office Facilities, and Property
Purchases of Investments	-2,316	-1,728	-1,258	-1,487	—	-4,555
Purchases of Available for Sale Securities
Purchases of Held to Maturity Securities
Proceeds from Sale of Investments	27,145	21,320	22,522	29,681	30,753	39,699
Proceeds from Sales of Available for Sale Securities
Principal Payments on Available for Sale Securities
Principal Payments on Held to Maturity Securities
Payments for Business Acquisitions	—	—	—	—	—	—
Cash Acquired in Acquisitions, Net of Cash Paid
Other Investing Activities	-5,038	-2,685	-1,845	1,492	-1,159	-1,863
Net Change in Bank Loans
Purchases of Federal Home Loan Bank Stock
Purchases of FHLB Stock
Proceeds from Sales of FHLB Stock
Purchases of Federal Reserve Stock
Proceeds from Sales of Federal Reserve Stock
Other Investing Activities
Cash from Investing Activities	19,546	16,250	19,181	28,215	29,196	33,300
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Short-Term Debt	28,359	26,951	23,067	18,886	47,314	18,892
Proceeds from Commercial Paper and Secured Lines of Credit
Proceeds from FHLB Borrowings
Net Change in Short-Term Borrowings
Repayments of Short-Term Debt	-33,606	-38,648	-21,624	-34,765	-15,539	-3,193
Repayment of Commercial Paper and Secured Lines of Credit
Repayments of Commercial Paper and Secured Lines of Credit
Net Change in Other Short-Term Borrowings
Repayments of FHLB Borrowings
Repayments of Other Short-Term Borrowings
Net Issuance / (Repayments) of Short-Term Debt	-5,247	-11,697	1,443	-15,879	31,775	15,699
Issuance of Long-Term Debt	—	—	—	3,619	2,478	—
Issuances of Long-Term Debt
Repayments of Long-Term Debt	-2,237	-12	-3,670	-16	-815	-271
Repayments of Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	-2,237	-12	-3,670	3,603	1,663	-271
Issuance of Common Shares	109	41	43	25	24	31
Proceeds from Stock Options Exercised
Repurchases of Common Shares	-1,833	—	—	—	-2,842	-3,395
Repurchases of Common Stock and Nonvoting Common Stock
Net Issuance / (Repurchases) of Common Shares	-1,724	41	43	25	-2,818	-3,364
Issuance of Preferred Shares	—	—	—	—	—	—
Issuance of Preferred Stock, Net
Repurchases of Preferred Shares	-2,458	—	—	—	-467	-1,000
Redemption of Preferred Stock
Net Issuance / (Repurchases) of Preferred Shares	-2,458	—	—	—	-467	-1,000
Common Share Dividends Paid	-1,203	-1,138	-1,137	-1,134	-1,142	-1,090
Dividends Paid
Other Financing Activities	-26,158	6,684	-37,617	-14,490	-62,381	-75,327
Net Change in Bank Deposits
Other Financing Activities
Cash from Financing Activities	-39,027	-6,122	-40,938	-27,875	-33,370	-65,353
Net Cash Provided by Financing Activities

Free Cash Flow	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Free Cash Flow	9,291	7,614	-5,839	13,555	4,163	6,966
NOPAT	1,950.7	1,163.1	678.6	-187.8	755.3	2,324
Levered Free Cash Flow	21	6,698	-4,935	4,541	35,133	11,423
Unlevered Free Cash Flow	5,682.7	16,554.1	-4,491.4	14,686.2	-255.7	-5,386
Net Change in Cash	-9,945	18,399	-27,358	15,366	387	-25,106