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: 2009 | |||
Consolidated statements of income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 24, 2010) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Revenue | |||
| Investment banking fees | $ 7,087 | 5,526 | 6,635 |
| Principal transactions | 9,796 | (10,699) | 9,015 |
| Lending- and deposit-related fees | 7,045 | 5,088 | 3,938 |
| Asset management, administration and commissions | 12,540 | 13,943 | 14,356 |
| Securities gains | 1,110 | 1,560 | 164 [1] |
| Mortgage fees and related income | 3,678 | 3,467 | 2,118 |
| Credit card income | 7,110 | 7,419 | 6,911 |
| Other income | 916 | 2,169 | 1,829 |
| Noninterest revenue | 49,282 | 28,473 | 44,966 |
| Interest income | 66,350 | 73,018 | 71,387 |
| Interest expense | 15,198 | 34,239 | 44,981 |
| Net interest income | 51,152 | 38,779 | 26,406 |
| Total net revenue | 100,434 | 67,252 | 71,372 |
| Provision for credit losses | 32,015 | 20,979 | 6,864 |
| Noninterest expense | |||
| Compensation expense | 26,928 | 22,746 | 22,689 |
| Occupancy expense | 3,666 | 3,038 | 2,608 |
| Technology, communications and equipment expense | 4,624 | 4,315 | 3,779 |
| Professional and outside services | 6,232 | 6,053 | 5,140 |
| Marketing | 1,777 | 1,913 | 2,070 |
| Other expense | 7,594 | 3,740 | 3,814 |
| Amortization of intangibles | 1,050 | 1,263 | 1,394 |
| Merger costs | 481 | 432 | 209 |
| Total noninterest expense | 52,352 | 43,500 | 41,703 |
| Income before income tax expense/(benefit) and extraordinary gain | 16,067 | 2,773 | 22,805 |
| Income tax expense/(benefit) | 4,415 | (926) | 7,440 |
| Income before extraordinary gain | 11,652 | 3,699 | 15,365 |
| Extraordinary gain | 76 | 1,906 | 0 |
| Net income | 11,728 | 5,605 | 15,365 |
| Net income applicable to common stockholders | 8,774 | 4,742 | 14,927 |
| Per common share data | |||
| Per common share data - Basic earnings per share | |||
| Income before extraordinary gain | 2.25 | 0.81 | 4.38 |
| Net income | 2.27 | 1.35 | 4.38 |
| Per common share data - Diluted earnings per share | |||
| Income before extraordinary gain | 2.24 | 0.81 | 4.33 |
| Net income | 2.26 | 1.35 | 4.33 |
| Weighted-average basic shares | 3,863 | 3,501 | 3,404 |
| Weighted-average diluted shares | 3,880 | 3,522 | 3,445 |
| Cash dividends declared per common share | 0.20 | 1.52 | 1.48 |
| [1] Securities gains for the year ended December 31, 2009, included credit losses of $578 million, consisting of $946 million of total other-than-temporary impairment losses, net of $368 million of other-than-temporary impairment losses recorded in other comprehensive income. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2009 | |||
Consolidated statements of cash flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 24, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Operating activities | |||
| Net income | $ 11,728 | 5,605 | 15,365 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Provision for credit losses | 32,015 | 20,979 | 6,864 |
| Depreciation and amortization | 2,783 | 3,143 | 2,427 |
| Amortization of intangibles | 1,050 | 1,263 | 1,394 |
| Deferred tax (benefit) expense | (3,622) | (2,637) | 1,307 |
| Investment securities gains | (1,110) | (1,560) | (164) |
| Proceeds on sale of investment | 0 | (1,540) | 0 |
| Stock-based compensation | 3,355 | 2,637 | 2,025 |
| Originations and purchases of loans held-for-sale | (22,417) | (34,902) | (116,471) |
| Proceeds from sales, securitizations and paydowns of loans held-for-sale | 33,902 | 38,036 | 107,350 |
| Net change in trading assets | 133,488 | (12,787) | (121,240) |
| Net change in securities borrowed | 4,452 | 15,408 | (10,496) |
| Net change in accrued interest and accounts receivable | (6,312) | 10,221 | (1,932) |
| Net change in other assets | 32,182 | (33,629) | (21,628) |
| Net change in trading liabilities | (79,314) | 24,061 | 12,681 |
| Net change in accounts payable and other liabilities | (26,450) | 1,012 | 4,284 |
| Other operating adjustments | 6,167 | (12,212) | 7,674 |
| Net cash provided by (used in) operating activities | 121,897 | 23,098 | (110,560) |
| Investing activities | |||
| Net change in deposits with banks | 74,829 | (118,929) | 2,081 |
| Net change in federal funds sold and securities purchased under resale agreements | 7,082 | (44,597) | (29,814) |
| Held-to-maturity securities: | |||
| Proceeds | 9 | 10 | 14 |
| Available-for-sale securities: | |||
| Proceeds from maturities | 87,712 | 44,414 | 31,143 |
| Proceeds from sales | 114,041 | 96,806 | 98,450 |
| Purchases | (346,372) | (248,599) | (122,507) |
| Proceeds from sales and securitizations of loans held-for-investment | 30,434 | 27,531 | 34,925 |
| Other changes in loans, net | 51,251 | (59,123) | (83,437) |
| Net cash received (used) in business acquisitions or dispositions | (97) | 2,128 | (70) |
| Proceeds from assets sale to the FRBNY | 0 | 28,850 | 0 |
| Net maturities (purchases) of asset-backed commercial paper guaranteed by the FRBB | 11,228 | (11,228) | 0 |
| All other investing activities, net | (762) | (934) | (4,973) |
| Net cash provided by (used in) investing activities | 29,355 | (283,671) | (74,188) |
| Financing activities | |||
| Net change in deposits | (107,700) | 177,331 | 113,512 |
| Net change in federal funds purchased and securities loaned or sold under repurchase agreements | 67,785 | 15,250 | (7,833) |
| Net change in commercial paper and other borrowed funds | (76,727) | 9,186 | 41,412 |
| Net change in beneficial interests issued by consolidated variable interest entities | (7,275) | (2,675) | 1,070 |
| Proceeds from the issuance of long-term debt and trust preferred capital debt securities | 51,324 | 72,407 | 95,141 |
| Repayments of long-term debt and trust preferred capital debt securities | (55,713) | (62,691) | (49,410) |
| Proceeds from issuance of common stock | 5,756 | 11,500 | 0 |
| Excess tax benefits related to stock-based compensation | 17 | 148 | 365 |
| Proceeds from issuance of preferred stock and Warrant to the U.S. Treasury | 0 | 25,000 | 0 |
| Proceeds from issuance of preferred stock | 0 | 7,746 | 0 |
| Redemption of preferred stock issued to the U.S. Treasury | (25,000) | 0 | 0 |
| Repurchases of treasury stock | 0 | 0 | (8,178) |
| Dividends paid | (3,422) | (5,911) | (5,051) |
| All other financing activities, net | (1,224) | 540 | 3,028 |
| Net cash (used in) provided by financing activities | (152,179) | 247,831 | 184,056 |
| Effect of exchange rate changes on cash and due from banks | 238 | (507) | 424 |
| Net decrease in cash and due from banks | (689) | (13,249) | (268) |
| Cash and due from banks at the beginning of the year | 26,895 | 40,144 | |
| Cash and due from banks at the end of the year | 26,206 | 26,895 | 40,144 |
| Cash interest paid | 16,875 | 37,267 | 43,472 |
| Cash income taxes paid | 5,434 | 2,280 | 7,472 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
JPMORGAN CHASE & CO | ||
Ticker: AMJ Fiscal Year: 2009 | ||
Consolidated balance sheets | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 24, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| Assets | ||
| Cash and due from banks | $ 26,206 | 26,895 |
| Deposits with banks | 63,230 | 138,139 |
| Federal funds sold and securities purchased under resale agreements (included $20,536 and $20,843 at fair value at December 31, 2009 and 2008, respectively) | 195,404 | 203,115 |
| Securities borrowed (included $7,032 and $3,381 at fair value at December 31, 2009 and 2008, respectively) | 119,630 | 124,000 |
| Trading assets (included assets pledged of $38,315 and $75,063 at December 31, 2009 and 2008, respectively) | 411,128 | 509,983 |
| Securities (included $360,365 and $205,909 at fair value at December 31, 2009 and 2008, respectively, and assets pledged of $100,931 and $25,942 at December 31, 2009 and 2008, respectively) | 360,390 | 205,943 |
| Loans (included $1,364 and $7,696 at fair value at December 31, 2009 and 2008, respectively) | 633,458 | 744,898 |
| Allowance for loan losses | (31,602) | (23,164) |
| Loans, net of allowance for loan losses | 601,856 | 721,734 |
| Accrued interest and accounts receivable (included $5,012 and $3,099 at fair value at December 31, 2009 and 2008, respectively) | 67,427 | 60,987 |
| Premises and equipment | 11,118 | 10,045 |
| Goodwill | 48,357 | 48,027 |
| Mortgage servicing rights | 15,531 | 9,403 |
| Other intangible assets | 4,621 | 5,581 |
| Other assets (included $19,165 and $29,199 at fair value at December 31, 2009 and 2008, respectively) | 107,091 | 111,200 |
| Total assets | 2,031,989 | 2,175,052 |
| Liabilities | ||
| Deposits (included $4,455 and $5,605 at fair value at December 31, 2009 and 2008, respectively) | 938,367 | 1,009,277 |
| Federal funds purchased and securities loaned or sold under repurchase agreements (included $3,396 and $2,993 at fair value at December 31, 2009 and 2008, respectively) | 261,413 | 192,546 |
| Commercial paper | 41,794 | 37,845 |
| Other borrowed funds (included $5,637 and $14,713 at fair value at December 31, 2009 and 2008, respectively) | 55,740 | 132,400 |
| Trading liabilities | 125,071 | 166,878 |
| Accounts payable and other liabilities (included the allowance for lending-related commitments of $939 and $659 at December 31, 2009 and 2008, respectively, and $357 and zero at fair value at December 31, 2009 and 2008, respectively) | 162,696 | 187,978 |
| Beneficial interests issued by consolidated variable interest entities (included $1,410 and $1,735 at fair value at December 31, 2009 and 2008, respectively) | 15,225 | 10,561 |
| Long-term debt (included $48,972 and $58,214 at fair value at December 31, 2009 and 2008, respectively) | 266,318 | 270,683 |
| Total liabilities | 1,866,624 | 2,008,168 |
| Commitments and contingencies (see Note 30 on page 230 of this Annual Report) | ||
| Stockholders' equity | ||
| Preferred stock ($1 par value; authorized 200,000,000 shares at December 31, 2009 and 2008; issued 2,538,107 and 5,038,107 shares at December 31, 2009 and 2008, respectively) | 8,152 | 31,939 |
| Common stock ($1 par value; authorized 9,000,000,000 shares at December 31, 2009 and 2008; issued 4,104,933,895 shares and 3,941,633,895 shares at December 31, 2009 and 2008, respectively) | 4,105 | 3,942 |
| Capital surplus | 97,982 | 92,143 |
| Retained earnings | 62,481 | 54,013 |
| Accumulated other comprehensive income/(loss) | (91) | (5,687) |
| Shares held in RSU Trust, at cost (1,526,944 shares and 4,794,723 shares at December 31, 2009 and 2008, respectively) | (68) | (217) |
| Treasury stock, at cost (162,974,783 shares and 208,833,260 shares at December 31, 2009 and 2008, respectively) | (7,196) | (9,249) |
| Total stockholders' equity | 165,365 | 166,884 |
| Total liabilities and stockholders' equity | 2,031,989 | 2,175,052 |
| External Links | |
| JPMORGAN CHASE & CO (AMJ) Fiscal Year 2009 | |
| 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 |