10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2014 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenue | |||
| Investment banking fees | $ 6,542 | 6,354 | 5,808 |
| Principal transactions | 10,531 | 10,141 | 5,536 |
| Lending- and deposit-related fees | 5,801 | 5,945 | 6,196 |
| Asset management, administration and commissions | 15,931 | 15,106 | 13,868 |
| Securities gains | 77 | 667 [1] | 2,110 |
| Mortgage fees and related income | 3,563 | 5,205 | 8,687 |
| Card income | 6,020 | 6,022 | 5,658 |
| Other income | 2,106 | 3,847 | 4,258 |
| Noninterest revenue | 50,571 | 53,287 | 52,121 |
| Interest income | 51,531 | 52,669 | 55,953 |
| Interest expense | 7,897 | 9,350 | 11,043 |
| Net interest income | 43,634 | 43,319 | 44,910 |
| Total net revenue | 94,205 | 96,606 | 97,031 |
| Provision for credit losses | 3,139 | 225 | 3,385 |
| Noninterest expense | |||
| Compensation expense | 30,160 | 30,810 | 30,585 |
| Occupancy expense | 3,909 | 3,693 | 3,925 |
| Technology, communications and equipment expense | 5,804 | 5,425 | 5,224 |
| Professional and outside services | 7,705 | 7,641 | 7,429 |
| Marketing | 2,550 | 2,500 | 2,577 |
| Other expense | 11,146 | 20,398 | 14,989 |
| Total noninterest expense | 61,274 | 70,467 | 64,729 |
| Income before income tax expense | 29,792 | 25,914 | 28,917 |
| Income tax expense | 8,030 | 7,991 | 7,633 |
| Net income | 21,762 | 17,923 | 21,284 |
| Net income applicable to common stockholders | 20,093 | 16,593 | 19,877 |
| Net income per common share data | |||
| Basic earnings per share (in dollars per share) | 5.34 | 4.39 | 5.22 |
| Diluted earnings per share (in dollars per share) | 5.29 | 4.35 | 5.20 |
| Weighted-average basic shares (in shares) | 3,763,500 | 3,782,400 | 3,809,400 |
| Weighted-average diluted shares (in shares) | 3,797,500 | 3,814,900 | 3,822,200 |
| Cash dividends declared per common share (in dollars per share) | 1.58 | 1.44 | 1.20 |
| Other-than-temporary impairment losses included in securities gains | |||
| Total other-than-temporary impairment losses | (2) | (1) | (113) |
| Losses recorded in/(reclassified from) other comprehensive income | 0 | 0 | 85 |
| Total credit losses recognized in income | (4) | (21) | (43) |
| Debt Security Category | |||
| Credit related | |||
| Total credit losses recognized in income | (2) | (1) | (28) |
| Intent to sell | |||
| Total credit losses recognized in income | (2) | (20) | (15) |
| [1] The following other-than-temporary impairment losses are included in securities gains for the periods presented.Year ended December 31, (in millions) 2014 2013 2012Debt securities the Firm does not intend to sell that have credit losses Total other-than-temporary impairment losses $(2) $(1) $(113)Losses recorded in/(reclassified from) accumulated other comprehensive income 85Total credit losses recognized in income (2) (1) (28)Securities the Firm intends to sell (2) (20) (15)Total other-than-temporary i | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net income | $ 21,762 | 17,923 | 21,284 |
| Other comprehensive income/(loss), aftertax | |||
| Unrealized gains/(losses) on investment securities | 1,975 | (4,070) | 3,303 |
| Translation adjustments, net of hedges | (11) | (41) | (69) |
| Cash flow hedges | 44 | (259) | 69 |
| Defined benefit pension and OPEB plans | (1,018) | 1,467 | (145) |
| Total other comprehensive income/(loss), aftertax | 990 | (2,903) | 3,158 |
| Comprehensive income | 22,752 | 15,020 | 24,442 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating activities | |||
| Net income | $ 21,762 | 17,923 | 21,284 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | |||
| Provision for credit losses | 3,139 | 225 | 3,385 |
| Depreciation and amortization | 4,759 | 5,306 | 5,147 |
| Deferred tax expense | 4,210 | 8,003 | 1,130 |
| Investment securities gains | (77) | (667) | (2,110) |
| Stock-based compensation | 2,190 | 2,219 | 2,545 |
| Originations and purchases of loans held-for-sale | (67,525) | (75,928) | (34,026) |
| Proceeds from sales, securitizations and paydowns of loans held-for-sale | 71,407 | 73,566 | 33,202 |
| Net change in: | |||
| Trading assets | (24,814) | 89,110 | (5,379) |
| Securities borrowed | 1,020 | 7,562 | 23,455 |
| Accrued interest and accounts receivable | (3,637) | (2,340) | 1,732 |
| Other assets | (9,166) | 526 | (4,683) |
| Trading liabilities | 26,818 | (9,772) | (3,921) |
| Accounts payable and other liabilities | 6,065 | (5,743) | (13,069) |
| Other operating adjustments | 442 | (2,037) | (3,613) |
| Net cash provided by operating activities | 36,593 | 107,953 | 25,079 |
| Investing activities | |||
| Net change in deposits with banks | (168,426) | (194,363) | (36,595) |
| Net change in federal funds sold and securities purchased under resale agreements | 30,848 | 47,726 | (60,821) |
| Held-to-maturity securities: | |||
| Proceeds from paydowns and maturities | 4,169 | 189 | 4 |
| Purchases | (10,345) | (24,214) | 0 |
| Available-for-sale securities: | |||
| Proceeds from paydowns and maturities | 90,664 | 89,631 | 112,633 |
| Proceeds from sales | 38,411 | 73,312 | 81,957 |
| Purchases | (121,504) | (130,266) | (189,630) |
| Proceeds from sales and securitizations of loans held-for-investment | 20,115 | 12,033 | 6,430 |
| Other changes in loans, net | (51,749) | (23,721) | (30,491) |
| Net cash received from/(used in) business acquisitions or dispositions | 843 | (149) | 88 |
| All other investing activities, net | 1,338 | (679) | (3,400) |
| Net cash used in investing activities | (165,636) | (150,501) | (119,825) |
| Financing activities | |||
| Net change in deposits | 89,346 | 81,476 | 67,250 |
| Net change in federal funds purchased and securities loaned or sold under repurchase agreements | 10,905 | (58,867) | 26,546 |
| Net change in commercial paper and other borrowed funds | 9,242 | 2,784 | 9,315 |
| Net change in beneficial interests issued by consolidated variable interest entities | (834) | (10,433) | 345 |
| Proceeds from long-term borrowings | 78,515 | 83,546 | 86,271 |
| Payments of long-term borrowings | (65,275) | (60,497) | (96,473) |
| Excess tax benefits related to stock-based compensation | 407 | 137 | 255 |
| Proceeds from issuance of preferred stock | 8,847 | 3,873 | 1,234 |
| Redemption of preferred stock | 0 | (1,800) | 0 |
| Treasury stock and warrants repurchased | (4,760) | (4,789) | (1,653) |
| Dividends paid | (6,990) | (6,056) | (5,194) |
| All other financing activities, net | (1,175) | (1,050) | (189) |
| Net cash provided by financing activities | 118,228 | 28,324 | 87,707 |
| Effect of exchange rate changes on cash and due from banks | (1,125) | 272 | 1,160 |
| Net decrease in cash and due from banks | (11,940) | (13,952) | (5,879) |
| Cash and due from banks at the beginning of the period | 39,771 | 53,723 | |
| Cash and due from banks at the end of the period | 27,831 | 39,771 | 53,723 |
| Cash interest paid | 8,194 | 9,573 | 11,161 |
| Cash income taxes paid, net | 1,392 | 3,502 | 2,050 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
JPMORGAN CHASE & CO | ||
Ticker: AMJ Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and due from banks | $ 27,831 | 39,771 |
| Deposits with banks | 484,477 | 316,051 |
| Federal funds sold and securities purchased under resale agreements (included $28,585 and $25,135 at fair value) | 215,803 | 248,116 |
| Securities borrowed (included $992 and $3,739 at fair value) | 110,435 | 111,465 |
| Trading assets (included assets pledged of $125,034 and $116,499) | 398,988 | 374,664 |
| Securities (included $298,752 and $329,977 at fair value and assets pledged of $24,912 and $23,446) | 348,004 | 354,003 |
| Loans (included $2,611 and $2,011 at fair value) | 757,336 | 738,418 |
| Allowance for loan losses | (14,185) | (16,264) |
| Loans, net of allowance for loan losses | 743,151 | 722,154 |
| Accrued interest and accounts receivable | 70,079 | 65,160 |
| Premises and equipment | 15,133 | 14,891 |
| Goodwill | 47,647 | 48,081 |
| Mortgage servicing rights | 7,436 | 9,614 |
| Other intangible assets | 1,192 | 1,618 |
| Other assets (included $12,366 and $15,187 at fair value and assets pledged of $1,396 and $2,066) | 102,950 | 110,101 |
| Total assets | 2,573,126 | 2,415,689 |
| Liabilities | ||
| Deposits (included $8,807 and $6,624 at fair value) | 1,363,427 | 1,287,765 |
| Federal funds purchased and securities loaned or sold under repurchase agreements (included $2,979 and $5,426 at fair value) | 192,101 | 181,163 |
| Commercial paper | 66,344 | 57,848 |
| Other borrowed funds (included $14,739 and $13,306 at fair value) | 30,222 | 27,994 |
| Trading liabilities | 152,815 | 137,744 |
| Accounts payable and other liabilities (included $36 and $25 at fair value) | 206,954 | 194,491 |
| Beneficial interests issued by consolidated variable interest entities (included $2,162 and $1,996 at fair value) | 52,362 | 49,617 |
| Long-term debt (included $30,226 and $28,878 at fair value) | 276,836 | 267,889 |
| Total liabilities | 2,341,061 | 2,204,511 |
| Commitments and contingencies (see Notes 29, 30 and 31) | ||
| Stockholders' equity | ||
| Preferred stock ($1 par value; authorized 200,000,000 shares: issued 2,006,250 and 1,115,750 shares) | 20,063 | 11,158 |
| Common stock ($1 par value; authorized 9,000,000,000 shares; issued 4,104,933,895 shares) | 4,105 | 4,105 |
| Additional paid-in capital | 93,270 | 93,828 |
| Retained earnings | 130,315 | 115,756 |
| Accumulated other comprehensive income | 2,189 | 1,199 |
| Shares held in RSU trust, at cost (472,953 and 476,642 shares) | (21) | (21) |
| Treasury stock, at cost (390,144,630 and 348,825,583 shares) | (17,856) | (14,847) |
| Total stockholders equity | 232,065 | 211,178 |
| Total liabilities and stockholders equity | 2,573,126 | 2,415,689 |
| Legal Entity | ||
| Assets and liabilities related to VIEs that are consolidated by the Firm | ||
| Trading assets (included assets pledged of $125,034 and $116,499) | 9,090 | 6,366 |
| Loans (included $2,611 and $2,011 at fair value) | 68,880 | 70,072 |
| Other assets (included $12,366 and $15,187 at fair value and assets pledged of $1,396 and $2,066) | 1,815 | 2,168 |
| Total assets | 79,785 | 78,606 |
| Beneficial interests issued by consolidated variable interest entities (included $2,162 and $1,996 at fair value) | 52,362 | 49,617 |
| Other Liabilities | 949 | 1,061 |
| Total liabilities | 53,311 | 50,678 |
| External Links | |
| JPMORGAN CHASE & CO (AMJ) Fiscal Year 2014 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |