SCHW — 10-K Filing

(Tabular Amounts in Millions, Except Ratios, or as Noted)The following tables present reconciliations of GAAP measures to non-GAAP measures:Year Ended December 31,202520242023Total expenses excluding interest (GAAP)$12,462 $11,914 $12,459 Amortization of acquired intangible assets(512)(519)(534)Acquisition and integration-related costs (1)— (117)(401)Restructuring costs (2)— (9)(495)Adjusted total expenses (non-GAAP)$11,950 $11,269 $11,029 (1) Acquisition and integration-related costs for 2024 primarily consist of $54 million of compensation and benefits, $36 million of professional services, and $19 million of depreciation and amortization. Acquisition and integration-related costs for 2023 primarily consist of $187 million of compensation and benefits, $135 million of professional services, $28 million of occupancy and equipment, and $27 million of other expense.(2) Restructuring costs for 2024 reflect a benefit due to a change in estimate of $34 million in compensation and benefits, offset by $5 million of occupancy and equipment expense and $37 million of other expense. Restructuring costs for 2023 primarily consist of $292 million of compensation and benefits, $17 million of occupancy and equipment, and $181 million of other expense.

The risk profile above reflects the latest cached DredgeCap analysis for SCHW. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open SCHW's company page.