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: 2017 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenue | |||
| Investment banking fees | $ 7,248 | 6,448 | 6,751 |
| Principal transactions | 11,347 | 11,566 | 10,408 |
| Lending- and deposit-related fees | 5,933 | 5,774 | 5,694 |
| Asset management, administration and commissions | 15,377 | 14,591 | 15,509 |
| Securities gains/(losses) | (66) | 141 | 202 |
| Mortgage fees and related income | 1,616 | 2,491 | 2,513 |
| Card income | 4,433 | 4,779 | 5,924 |
| Other income | 3,639 | 3,795 | 3,032 |
| Noninterest revenue | 49,527 | 49,585 | 50,033 |
| Interest income | 64,372 | 55,901 | 50,973 |
| Interest expense | 14,275 | 9,818 | 7,463 |
| Net interest income | 50,097 | 46,083 | 43,510 |
| Total net revenue | 99,624 | 95,668 | 93,543 |
| Provision for credit losses | 5,290 | 5,361 | 3,827 |
| Noninterest expense | |||
| Compensation expense | 31,009 | 29,979 | 29,750 |
| Occupancy expense | 3,723 | 3,638 | 3,768 |
| Technology, communications and equipment expense | 7,706 | 6,846 | 6,193 |
| Professional and outside services | 6,840 | 6,655 | 7,002 |
| Marketing | 2,900 | 2,897 | 2,708 |
| Other expense | 6,256 | 5,756 | 9,593 |
| Total noninterest expense | 58,434 | 55,771 | 59,014 |
| Income before income tax expense | 35,900 | 34,536 | 30,702 |
| Income tax expense | 11,459 | 9,803 | 6,260 |
| Net income | 24,441 | 24,733 | 24,442 |
| Net income applicable to common stockholders | 22,567 | 22,834 | 22,651 |
| Net income per common share data | |||
| Basic earnings per share (in dollars per share) | 6.35 | 6.24 | 6.05 |
| Diluted earnings per share (in dollars per share) | 6.31 | 6.19 | 6.00 |
| Weighted-average basic shares (in shares) | 3,551,600 | 3,658,800 | 3,741,200 |
| Weighted-average diluted shares (in shares) | 3,576,800 [1] | 3,690,000 | 3,773,600 |
| Cash dividends declared per common share (in dollars per share) | 2.12 | 1.88 | 1.72 |
| [1] The prior period amounts have been revised to conform with the current period presentation. The revision had no impact on the Firms reported earnings per share. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net income | $ 24,441 | 24,733 | 24,442 |
| Other comprehensive income/(loss), aftertax | |||
| Unrealized gains/(losses) on investment securities | 640 | (1,105) | (2,144) |
| Translation adjustments, net of hedges | (306) | (2) | (15) |
| Cash flow hedges | 176 | (56) | 51 |
| Defined benefit pension and OPEB plans | 738 | (28) | 111 |
| DVA on fair value option elected liabilities | (192) | (330) | 0 |
| Total other comprehensive income/(loss), aftertax | 1,056 | (1,521) | (1,997) |
| Comprehensive income | 25,497 | 23,212 | 22,445 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating activities | |||
| Net income | $ 24,441 | 24,733 | 24,442 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | |||
| Provision for credit losses | 5,290 | 5,361 | 3,827 |
| Depreciation and amortization | 6,179 | 5,478 | 4,940 |
| Deferred tax expense | 2,312 | 4,651 | 1,333 |
| Other | 2,136 | 1,799 | 1,785 |
| Originations and purchases of loans held-for-sale | (94,628) | (61,107) | (48,109) |
| Proceeds from sales, securitizations and paydowns of loans held-for-sale | 93,270 | 60,196 | 49,363 |
| Net change in: | |||
| Trading assets | 5,673 | (20,007) | 62,212 |
| Securities borrowed | (8,653) | 2,313 | 12,165 |
| Accrued interest and accounts receivable | (15,868) | (5,815) | 22,664 |
| Other assets | 4,318 | (4,517) | (3,701) |
| Trading liabilities | (26,256) | 5,198 | (28,972) |
| Accounts payable and other liabilities | (8,518) | 3,740 | (23,361) |
| Other operating adjustments | 7,803 | (1,827) | (5,122) |
| Net cash provided by/(used in) operating activities | (2,501) | 20,196 | 73,466 |
| Investing activities | |||
| Net change in: | |||
| Deposits with banks | (38,532) | (25,747) | 144,462 |
| Federal funds sold and securities purchased under resale agreements | 31,448 | (17,468) | 3,190 |
| Held-to-maturity securities: | |||
| Proceeds from paydowns and maturities | 4,563 | 6,218 | 6,099 |
| Purchases | (2,349) | (143) | (6,204) |
| Available-for-sale securities: | |||
| Proceeds from paydowns and maturities | 56,117 | 65,950 | 76,448 |
| Proceeds from sales | 90,201 | 48,592 | 40,444 |
| Purchases | (105,309) | (123,959) | (70,804) |
| Proceeds from sales and securitizations of loans held-for-investment | 15,791 | 15,429 | 18,604 |
| Other changes in loans, net | (61,650) | (80,996) | (108,962) |
| All other investing activities, net | (563) | (2,825) | 3,703 |
| Net cash provided by/(used in) investing activities | (10,283) | (114,949) | 106,980 |
| Financing activities | |||
| Net change in: | |||
| Deposits | 57,022 | 97,336 | (88,678) |
| Federal funds purchased and securities loaned or sold under repurchase agreements | (6,739) | 13,007 | (39,415) |
| Short-term borrowings | 16,540 | (2,461) | (57,828) |
| Beneficial interests issued by consolidated VIEs | (1,377) | (5,707) | (5,632) |
| Proceeds from long-term borrowings | 56,271 | 83,070 | 79,611 |
| Payments of long-term borrowings | (83,079) | (68,949) | (67,247) |
| Proceeds from issuance of preferred stock | 1,258 | 0 | 5,893 |
| Redemption of preferred stock | 1,258 | 0 | 0 |
| Treasury stock repurchased | (15,410) | (9,082) | (5,616) |
| Dividends paid | (8,993) | (8,476) | (7,873) |
| All other financing activities, net | 407 | (467) | (726) |
| Net cash provided by/(used in) financing activities | 14,642 | 98,271 | (187,511) |
| Effect of exchange rate changes on cash and due from banks | 96 | (135) | (276) |
| Net increase/(decrease) in cash and due from banks | 1,954 | 3,383 | (7,341) |
| Cash and due from banks at the beginning of the period | 23,873 | 20,490 | |
| Cash and due from banks at the end of the period | 25,827 | 23,873 | 20,490 |
| Cash interest paid | 14,153 | 9,508 | 7,220 |
| Cash income taxes paid, net | 4,325 | 2,405 | 9,423 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
JPMORGAN CHASE & CO | ||
Ticker: AMJ Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Cash and due from banks | $ 25,827 | 23,873 |
| Deposits with banks | 404,294 | 365,762 |
| Federal funds sold and securities purchased under resale agreements (included $14,732 and $21,506 at fair value) | 198,422 | 229,967 |
| Securities borrowed (included $3,049 and $0 at fair value) | 105,112 | 96,409 |
| Trading assets (included assets pledged of $110,061 and $115,847) | 381,844 | 372,130 |
| Securities (included $202,225 and $238,891 at fair value and assets pledged of $17,969 and $16,115) | 249,958 | 289,059 |
| Loans (included $2,508 and $2,230 at fair value) | 930,697 | 894,765 |
| Allowance for loan losses | (13,604) | (13,776) |
| Loans, net of allowance for loan losses | 917,093 | 880,989 |
| Accrued interest and accounts receivable | 67,729 | 52,330 |
| Premises and equipment | 14,159 | 14,131 |
| Goodwill, MSRs and other intangible assets | 54,392 | 54,246 |
| Other assets (included $16,128 and $7,557 at fair value and assets pledged of $1,526 and $1,603) | 114,770 | 112,076 |
| Total assets | 2,533,600 [1] | 2,490,972 |
| Liabilities | ||
| Deposits (included $21,321 and $13,912 at fair value) | 1,443,982 | 1,375,179 |
| Federal funds purchased and securities loaned or sold under repurchase agreements (included $697 and $687 at fair value) | 158,916 | 165,666 |
| Short-term borrowings (included $9,191 and $9,105 at fair value) | 51,802 | 34,443 |
| Trading liabilities | 123,663 | 136,659 |
| Accounts payable and other liabilities (included $9,208 and $9,120 at fair value) | 189,383 | 190,543 |
| Beneficial interests issued by consolidated VIEs (included $45 and $120 at fair value) | 26,081 | 39,047 |
| Long-term debt (included $47,519 and $37,686 at fair value) | 284,080 | 295,245 |
| Total liabilities | 2,277,907 | 2,236,782 |
| Commitments and contingencies (see Notes 27, 28 and 29) | ||
| Stockholders equity | ||
| Preferred stock ($1 par value; authorized 200,000,000 shares: issued 2,606,750 shares) | 26,068 | 26,068 |
| 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 | 90,579 | 91,627 |
| Retained earnings | 177,676 | 162,440 |
| Accumulated other comprehensive income | (119) | (1,175) |
| Shares held in restricted stock units (RSU) trust, at cost (472,953 shares) | (21) | (21) |
| Treasury stock, at cost (679,635,064 and 543,744,003 shares) | (42,595) | (28,854) |
| Total stockholders equity | 255,693 | 254,190 |
| Total liabilities and stockholders equity | 2,533,600 | 2,490,972 |
| Variable Interest Entities | ||
| VIEs consolidated by the Firm | ||
| Trading assets (included assets pledged of $110,061 and $115,847) | 1,449 | 3,185 |
| Loans (included $2,508 and $2,230 at fair value) | 68,995 | 75,614 |
| Other assets (included $16,128 and $7,557 at fair value and assets pledged of $1,526 and $1,603) | 2,674 | 3,321 |
| Total assets | 73,118 | 82,120 |
| Beneficial interests issued by consolidated VIEs (included $45 and $120 at fair value) | 26,081 | 39,047 |
| All other liabilities | 349 | 490 |
| Total liabilities | 26,430 | 39,537 |
| [1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at December 31, 2017 and 2016. The difference between total VIE assets and liabilities represents the Firms interests in those entities, which were eliminated in consolidation.December 31, (in millions)2017 2016Assets Trading assets$1,449 $3,185Loans68,995 75,614All other assets2,674 3,321Total assets$73,118 $82,120Liabilities Beneficial interests issued by consolidated VIEs$26,081 $39,047Al | ||
| External Links | |
| JPMORGAN CHASE & CO (AMJ) Fiscal Year 2017 | |
| 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 |