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: 2010 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenue | |||
| Investment banking fees | $ 6,190 | 7,087 | 5,526 |
| Principal transactions | 10,894 | 9,796 | (10,699) |
| Lending-and deposit-related fees | 6,340 | 7,045 | 5,088 |
| Asset management, administration and commissions | 13,499 | 12,540 | 13,943 |
| Securities gains | 2,965 | 1,110 | 1,560 [1] |
| Mortgage fees and related income | 3,870 | 3,678 | 3,467 |
| Credit card income | 5,891 | 7,110 | 7,419 |
| Other income | 2,044 | 916 | 2,169 |
| Noninterest revenue | 51,693 | 49,282 | 28,473 |
| Interest income | 63,782 | 66,350 | 73,018 |
| Interest expense | 12,781 | 15,198 | 34,239 |
| Net interest income | 51,001 | 51,152 | 38,779 |
| Total net revenue | 102,694 | 100,434 | 67,252 |
| Provision for credit losses | 16,639 | 32,015 | 20,979 |
| Noninterest expense | |||
| Compensation expense | 28,124 | 26,928 | 22,746 |
| Occupancy expense | 3,681 | 3,666 | 3,038 |
| Technology, communications and equipment expense | 4,684 | 4,624 | 4,315 |
| Professional and outside services | 6,767 | 6,232 | 6,053 |
| Marketing | 2,446 | 1,777 | 1,913 |
| Other expense | 14,558 | 7,594 | 3,740 |
| Amortization of intangibles | 936 | 1,050 | 1,263 |
| Merger costs | 0 | 481 | 432 |
| Total noninterest expense | 61,196 | 52,352 | 43,500 |
| Income before income tax expense/(benefit) and extraordinary gain | 24,859 | 16,067 | 2,773 |
| Income tax expense/(benefit) | 7,489 | 4,415 | (926) |
| Income before extraordinary gain | 17,370 | 11,652 | 3,699 |
| Extraordinary gain | 0 | 76 | 1,906 |
| Net income | 17,370 | 11,728 | 5,605 |
| Net income applicable to common stockholders | 15,764 | 8,774 | 4,742 |
| Per common share data - Basic earings per share | |||
| Income before extraordinary gain | 3.98 | 2.25 | 0.81 |
| Net income | 3.98 | 2.27 | 1.35 |
| Per common share data - Diluted earings per share | |||
| Income before extraordinary gain | 3.96 | 2.24 | 0.81 |
| Net income | 3.96 | 2.26 | 1.35 |
| Weighted-average basic shares | 3,956,300 | 3,862,800 | 3,501,100 |
| Weighted-average diluted shares | 3,976,900 | 3,879,700 | 3,521,800 |
| Cash dividends declared per common share | 0.20 | 0.20 | 1.52 |
| [1] The following other-than-temporary impairment losses are included in securities gains for the periods presented. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating activities | |||
| Net income | $ 17,370 | 11,728 | 5,605 |
| Adjustments to reconcile net income to net cash (used in)/provided by operating activities: | |||
| Provision for credit losses | 16,639 | 32,015 | 20,979 |
| Depreciation and amortization | 4,029 | 3,308 | 3,265 |
| Amortization of intangibles | 936 | 1,050 | 1,263 |
| Deferred tax benefit | (968) | (3,622) | (2,637) |
| Investment securities gains | (2,965) | (1,110) | (1,560) |
| Proceeds on sale of investment | (1,540) | ||
| Stock-based compensation | 3,251 | 3,355 | 2,637 |
| Originations and purchases of loans held-for-sale | (37,085) | (22,417) | (34,902) |
| Proceeds from sales, securitizations and paydowns of loans held-for-sale | 40,155 | 33,902 | 38,036 |
| Net change in trading assets | (72,082) | 133,488 | (12,787) |
| Net change in securities borrowed | (3,926) | 4,452 | 15,408 |
| Net change in accrued interest and accounts receivable | 443 | (6,312) | 10,221 |
| Net change in other assets | (12,452) | 32,557 | (32,919) |
| Net change in trading liabilities | 19,344 | (79,314) | 24,061 |
| Net change in accounts payable and other liabilities | 17,325 | (26,450) | 1,012 |
| Other operating adjustments | 6,234 | 6,167 | (12,212) |
| Net cash (used in)/provided by operating activities | (3,752) | 122,797 | 23,930 |
| Investing activities | |||
| Net change in deposits with banks | 41,625 | 74,829 | (118,929) |
| Net change in federal funds sold and securities purchased under resale agreements | (26,957) | 7,082 | (44,597) |
| Held-to-maturity securities: | |||
| Proceeds | 7 | 9 | 10 |
| Available-for-sale securities: | |||
| Proceeds from maturities | 92,740 | 87,712 | 44,414 |
| Proceeds from sales | 118,600 | 114,041 | 96,806 |
| Purchases | (179,487) | (346,372) | (248,599) |
| Proceeds from sales and securitizations of loans held-for-investment | 8,853 | 30,434 | 27,531 |
| Other changes in loans, net | 3,645 | 51,251 | (59,123) |
| Net cash (used)/received in business acquisitions or dispositions | (4,910) | (97) | 2,128 |
| Proceeds from assets sale to the FRBNY | 28,850 | ||
| Net maturities (purchases) of asset-backed commercial paper guaranteed by the FRBB | 11,228 | (11,228) | |
| All other investing activities, net | (114) | (762) | (934) |
| Net cash provided by/(used in) investing activities | 54,002 | 29,355 | (283,671) |
| Financing activities | |||
| Net change in deposits | (9,637) | (107,700) | 177,331 |
| Net change in federal funds purchased and securities loaned or sold under repurchase agreements | 15,202 | 67,785 | 15,250 |
| Net change in commercial paper and other borrowed funds | (6,869) | (67,198) | 9,219 |
| Net change in beneficial interests issued by consolidated variable interest entities | 2,426 | (4,076) | (55) |
| Proceeds from long-term borrowings and trust preferred capital debt securities | 55,181 | 51,324 | 72,407 |
| Payments of long-term borrowings and trust preferred capital debt securities | (99,043) | (68,441) | (65,344) |
| Excess tax benefits related to stock-based compensation | 26 | 17 | 148 |
| Proceeds from issuance of preferred stock and Warrant to the U.S. Treasury | 25,000 | ||
| Proceeds from issuance of other preferred stock | 7,746 | ||
| Redemption of preferred stock issued to the U.S. Treasury | (25,000) | ||
| Redemption of other preferred stock | (352) | ||
| Proceeds from issuance of common stock | 5,756 | 11,500 | |
| Treasury stock purchased | (2,999) | ||
| Dividends paid | (1,486) | (3,422) | (5,911) |
| All other financing activities, net | (1,666) | (2,124) | (292) |
| Net cash (used in)/provided by financing activities | (49,217) | (153,079) | 246,999 |
| Effect of exchange rate changes on cash and due from banks | 328 | 238 | (507) |
| Net increase/(decrease) in cash and due from banks | 1,361 | (689) | (13,249) |
| Cash and due from banks at the beginning of the year | 26,206 | 26,895 | |
| Cash and due from banks at the end of the year | 27,567 | 26,206 | 26,895 |
| Cash interest paid | 12,404 | 16,875 | 37,267 |
| Cash income taxes paid, net | 9,747 | 5,434 | 2,280 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
JPMORGAN CHASE & CO | ||
Ticker: AMJ Fiscal Year: 2010 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Cash and due from banks | $ 27,567 | 26,206 |
| Deposits with banks | 21,673 | 63,230 |
| Federal funds sold and securities purchased under resale agreements (included $20,299 and $20,536 at fair value) | 222,554 | 195,404 |
| Securities borrowed (included $13,961 and $7,032 at fair value) | 123,587 | 119,630 |
| Trading assets (included assets pledged of $73,056 and $38,315) | 489,892 | 411,128 |
| Securities (included $316,318 and $360,365 at fair value and assets pledged of $86,891 and $140,631) | 316,336 | 360,390 |
| Loans (included $1,976 and $1,364 at fair value) | 692,927 | 633,458 |
| Allowance for loan losses | (32,266) | (31,602) |
| Loans, net of allowance for loan losses | 660,661 | 601,856 |
| Accrued interest and accounts receivable (included zero and $5,012 at fair value) | 70,147 | 67,427 |
| Premises and equipment | 13,355 | 11,118 |
| Goodwill | 48,854 | 48,357 |
| Mortgage servicing rights | 13,649 | 15,531 |
| Other intangible assets | 4,039 | 4,621 |
| Other assets (included $18,201 and $19,165 at fair value and assets pledged of $1,485 and $1,762) | 105,291 | 107,091 |
| Total assets | 2,117,605 | 2,119,673 |
| Liabilities | ||
| Deposits (included $4,369 and $4,455 at fair value) | 930,369 | 938,367 |
| Federal funds purchased and securities loaned or sold under repurchase agreements (included $4,060 and $3,396 at fair value) | 276,644 | 261,413 |
| Commercial paper | 35,363 | 41,794 |
| Other borrowed funds (included $9,931 and $5,637 at fair value) | 57,309 | 55,740 |
| Trading liabilities | 146,166 | 125,071 |
| Accounts payable and other liabilities (included the allowance for lending-related commitments of $717 and $939 and $236 and $357 at fair value) | 170,330 | 162,696 |
| Beneficial interests issued by consolidated variable interest entities (included $1,495 and $1,410 at fair value) | 77,649 | 15,225 |
| Long-term debt (included $38,839 and $48,972 at fair value) | 247,669 | 266,318 |
| Total liabilities | 1,941,499 | 1,958,828 |
| Commitments and contingencies (see Note 31 on pages 280-281 of this Annual Report) | ||
| Stockholders' equity | ||
| Preferred stock ($1 par value; authorized 200,000,000 shares; issued 780,000 and 2,538,107 shares) | 7,800 | 8,152 |
| Common stock ($1 par value; authorized 9,000,000,000 shares; issued 4,104,933,895 shares and 4,104,933,895) | 4,105 | 4,105 |
| Capital surplus | 97,415 | 97,982 |
| Retained earnings | 73,998 | 62,481 |
| Accumulated other comprehensive income/(loss) | 1,001 | (91) |
| Shares held in RSU Trust, at cost (1,192,712 shares and 1,526,944 shares) | (53) | (68) |
| Treasury stock, at cost (194,639,785 shares and 162,974,783 shares) | (8,160) | (7,196) |
| Total stockholders' equity | 176,106 | 160,845 |
| Total liabilities and stockholders' equity | 2,117,605 | |
| Limited program-wide credit enhancement | 2,000 | 2,400 |
| Legal Entity | ||
| Variable Interest Entity, Primary Beneficiary | ||
| Trading assets (included assets pledged of $73,056 and $38,315) | 9,837 | 6,347 |
| Loans (included $1,976 and $1,364 at fair value) | 95,587 | 13,004 |
| Other assets (included $18,201 and $19,165 at fair value and assets pledged of $1,485 and $1,762) | 3,494 | 5,043 |
| Total assets | 108,918 | 24,394 |
| Accounts payable and other liabilities (included the allowance for lending-related commitments of $717 and $939 and $236 and $357 at fair value) | 1,922 | 2,197 |
| Beneficial interests issued by consolidated variable interest entities (included $1,495 and $1,410 at fair value) | 77,649 | 15,225 |
| Total liabilities | 79,571 | 17,422 |
| Statement, Scenario | ||
| Scenario Previously Reported | ||
| Total assets | 2,031,989 [1] | |
| Total liabilities | 1,866,624 | |
| Total stockholders' equity | 165,365 | |
| Total liabilities and stockholders' equity | 2,031,989 | |
| [1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at December 31, 2010, and 2009. The difference between total VIE assets and liabilities represents the Firm's interests in those entities, which were eliminated in consolidation. | ||
| External Links | |
| JPMORGAN CHASE & CO (AMJ) Fiscal Year 2010 | |
| 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 |