Item 2. Properties
Item 2. Properties
As part of our real estate energy management program, Schwab incorporates sustainable practices and procedures to guide our facilities’ design, materials, and building technologies. A summary of Schwab’s significant locations is presented in the following table.
December 31, 2023 Square Footage
(amounts in thousands) Leased Owned
Location
Corporate headquarters:
Westlake, TX 22 795
Service and other office space:
Phoenix, AZ 67 728
Denver, CO — 767
Omaha, NE — 578
Austin, TX — 561
San Francisco, CA 417 —
Southlake, TX 13 375
St. Louis, MO — 375
Chicago, IL 223 —
Jersey City, NJ 208 —
Indianapolis, IN — 161
Orlando, FL 159 —
Richfield, OH — 117
El Paso, TX — 105
The square footage amounts presented in the table above are net of space that has been subleased to third parties. Our corporate headquarters, data centers, offices, and service centers support both of our segments.
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THE CHARLES SCHWAB CORPORATION
During 2023, the Company continued its integration of TD Ameritrade and engaged in certain other cost reduction efforts, including to decrease its real estate footprint. As part of these actions, the Company’s use of certain of the above locations was decreased in 2023, including Jersey City, NJ and San Francisco, CA, and certain additional reductions in the Company’s real estate footprint are expected in 2024. See Part II – Item 8 – Notes 7, 13, and 15 for additional information.
As of December 31, 2023, the Company had more than 380 domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. Substantially all branch offices are located in leased premises.
Item 3. Legal Proceedings
For a discussion of legal proceedings, see Part II – Item 8 – Note 14.
Item 4. Mine Safety Disclosures
Not applicable.
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THE CHARLES SCHWAB CORPORATION
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.