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Summary - Funding Rounds

Founding Date

1975
TD Ameritrade is a subsidiary of Charles Schwab

TD Ameritrade Revenue Breakdown

Embed Graph

TD Ameritrade revenue breakdown by business segment: 9.7% from Investment Product Fees, 25.5% from Net Interest Revenue, 28.5% from Bank Deposit Account Fees, 33.3% from Commissions and Transaction Fees and 3.0% from Other

TD Ameritrade Income Statement

Annual

USDFY, 2017FY, 2018FY, 2019

Revenue

3.7b5.5b6.0b

Revenue growth, %

48%10%

Sales and marketing expense

254.0m293.0m298.0m

Operating expense total

2.2b3.5b3.0b

Depreciation and amortization

181.0m283.0m273.0m

EBIT

1.5b2.0b3.0b

EBIT margin, %

40%37%50%

Interest expense

71.0m99.0m144.0m

Pre tax profit

1.4b1.9b2.9b

Income tax expense

522.0m414.0m721.0m

Net Income

872.0m1.5b2.2b

EPS

1.62.64.0

TD Ameritrade Balance Sheet

Annual

USDFY, 2017FY, 2018FY, 2019

Cash

1.5b2.7b2.9b

Accounts Receivable

17.2b22.6b20.6b

PP&E

752.0m792.0m837.0m

Goodwill

4.2b4.2b4.2b

Total Assets

38.6b37.5b43.8b

Accounts Payable

25.1b22.9b27.1b

Long-term debt

2.6b2.4b3.6b

Total Debt

2.6b2.4b3.6b

Total Liabilities

31.4b29.5b35.1b

Common Stock

7.0m7.0m7.0m

Additional Paid-in Capital

3.4b3.4b3.5b

Retained Earnings

6.0b7.0b8.6b

Total Equity

7.2b8.0b8.7b

Debt to Equity Ratio

0.4 x0.3 x0.4 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

5.3 x4.7 x5 x

TD Ameritrade Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019

Net Income

872.0m1.5b2.2b

Depreciation and Amortization

181.0m283.0m273.0m

Accounts Receivable

(2.1b)(5.5b)2.0b

Accounts Payable

(196.0m)(2.2b)4.2b

Cash From Operating Activities

687.0m1.9b7.6b

Purchases of PP&E

(197.0m)(229.0m)(199.0m)

Cash From Investing Activities

(1.5b)92.0m(1.2b)

Long-term Borrowings

(385.0m)(3.2b)(2.3b)

Dividends Paid

(379.0m)(477.0m)(667.0m)

Cash From Financing Activities

477.0m(782.0m)(763.0m)

Net Change in Cash

(383.0m)1.2b5.6b

Interest Paid

59.0m118.0m154.0m

Income Taxes Paid

483.0m352.0m683.0m

TD Ameritrade Ratios

USDFY, 2017

Revenue/Employee

353.1k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

5.3 x

TD Ameritrade Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Client Assets

$653.1 b$672 b$695 b$702.3 b$667.4 b$695.3 b$711.2 b$736.3 b$773.8 b$797 b$846.7 b

Funded Accounts

6.3 m6.37 m6.47 m6.55 m6.62 m6.69 m6.78 m6.87 m6.95 m7.05 m7.19 m