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: 2012 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenue | |||
| Investment banking fees | $ 5,808 | 5,911 | 6,190 |
| Principal transactions | 5,536 | 10,005 | 10,894 |
| Lending-and deposit-related fees | 6,196 | 6,458 | 6,340 |
| Asset management, administration and commissions | 13,868 | 14,094 | 13,499 |
| Securities gains | 2,110 | 1,593 [1] | 2,965 |
| Mortgage fees and related income | 8,687 | 2,721 | 3,870 |
| Card income | 5,658 | 6,158 | 5,891 |
| Other income | 4,258 | 2,605 | 2,044 |
| Noninterest revenue | 52,121 | 49,545 | 51,693 |
| Interest income | 56,063 | 61,293 | 63,782 |
| Interest expense | 11,153 | 13,604 | 12,781 |
| Net interest income | 44,910 | 47,689 | 51,001 |
| Total net revenue | 97,031 | 97,234 | 102,694 |
| Provision for credit losses | 3,385 | 7,574 | 16,639 |
| Noninterest expense | |||
| Compensation expense | 30,585 | 29,037 | 28,124 |
| Occupancy expense | 3,925 | 3,895 | 3,681 |
| Technology, communications and equipment expense | 5,224 | 4,947 | 4,684 |
| Professional and outside services | 7,429 | 7,482 | 6,767 |
| Marketing | 2,577 | 3,143 | 2,446 |
| Other expense | 14,032 | 13,559 | 14,558 |
| Amortization of intangibles | 957 | 848 | 936 |
| Total noninterest expense | 64,729 | 62,911 | 61,196 |
| Income before income tax expense | 28,917 | 26,749 | 24,859 |
| Income tax expense | 7,633 | 7,773 | 7,489 |
| Net income | 21,284 | 18,976 | 17,370 |
| Net income applicable to common stockholders | 19,877 | 17,568 | 15,764 |
| Per common share data - Basic earnings per share | |||
| Basic earnings per share (in dollars per share) | 5.22 | 4.50 | 3.98 |
| Per common share data - Diluted earnings per share | |||
| Diluted earnings per share (in dollars per share) | 5.20 | 4.48 | 3.96 |
| Weighted-average basic shares | 3,809,400 | 3,900,400 | 3,956,300 |
| Weighted-average diluted shares | 3,822,200 | 3,920,300 | 3,976,900 |
| Cash dividends declared per common share | 1.20 | 1.00 | 0.20 |
| Other-than-temporary impairment losses included in securities gains | |||
| Total other-than-temporary impairment losses | 113 | 27 | 94 |
| Losses recorded in/(reclassified from) other comprehensive income | 85 | (49) | (6) |
| Total credit losses recognized in income | 43 | 76 | 100 |
| Debt Security Category | |||
| Credit related | |||
| Total credit losses recognized in income | 28 | 76 | 100 |
| Intent to sell | |||
| Total credit losses recognized in income | 15 | 0 | 0 |
| [1] The following other-than-temporary impairment losses are included in securities gains for the periods presented.Year ended December 31, (in millions) 2012 2011 2010Debt securities the Firm does not intend to sell that have credit losses Total other-than-temporary impairment losses $(113) $(27) $(94)Losses recorded in/(reclassified from) other comprehensive income 85 (49) (6)Total credit losses recognized in income (28) (76) (100)Securities the Firm intends to sell (15) Total other-than-temporary impairme | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 21,284 | 18,976 | 17,370 |
| Unrealized gains on AFS securities | 3,303 | 1,067 | 610 |
| Translation adjustments, net of hedges | (69) | (279) | 269 |
| Cash flow hedges | 69 | (155) | 25 |
| Defined benefit pension and OPEB plans | (145) | (690) | 332 |
| Net change | 3,158 | (57) | 1,236 |
| Comprehensive income | 24,442 | 18,919 | 18,606 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating activities | |||
| Net income | $ 21,284 | 18,976 | 17,370 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities | |||
| Provision for credit losses | 3,385 | 7,574 | 16,639 |
| Depreciation and amortization | 4,190 | 4,257 | 4,029 |
| Amortization of intangibles | 957 | 848 | 936 |
| Deferred tax expense/(benefit) | 1,130 | 1,693 | (968) |
| Investment securities gains | (2,110) | (1,593) | (2,965) |
| Stock-based compensation | 2,545 | 2,675 | 3,251 |
| Originations and purchases of loans held-for-sale | (34,026) | (52,561) | (37,085) |
| Proceeds from sales, securitizations and paydowns of loans held-for-sale | 33,202 | 54,092 | 40,155 |
| Net change in trading assets | (5,379) | 36,443 | (72,082) |
| Net change in securities borrowed | 23,455 | (18,936) | (3,926) |
| Net change in accrued interest and accounts receivable | 1,732 | 8,655 | 443 |
| Net change in other assets | (4,683) | (15,456) | (12,452) |
| Net change in trading liabilities | (3,921) | 7,905 | 19,344 |
| Net change in accounts payable and other liabilities | (13,069) | 35,203 | 17,325 |
| Other operating adjustments | (3,613) | 6,157 | 6,234 |
| Net cash provided by/(used in) operating activities | 25,079 | 95,932 | (3,752) |
| Investing activities | |||
| Net change in deposits with banks | (36,595) | (63,592) | 41,625 |
| Net change in federal funds sold and securities purchased under resale agreements | (60,821) | (12,490) | (26,957) |
| Held-to-maturity securities: | |||
| Proceeds | 4 | 6 | 7 |
| Available-for-sale securities: | |||
| Proceeds from maturities | 112,633 | 86,850 | 92,740 |
| Proceeds from sales | 81,957 | 68,631 | 118,600 |
| Purchases | (189,630) | (202,309) | (179,487) |
| Proceeds from sales and securitizations of loans held-for-investment | 6,430 | 10,478 | 9,476 |
| Other changes in loans, net | (30,491) | (58,365) | 3,022 |
| Net cash received from/(used in) business acquisitions or dispositions | 88 | 102 | (4,910) |
| All other investing activities, net | (3,400) | (63) | (114) |
| Net cash (used in)/provided by investing activities | (119,825) | (170,752) | 54,002 |
| Financing activities | |||
| Net change in deposits | 67,250 | 203,420 | (9,637) |
| Net change in federal funds purchased and securities loaned or sold under repurchase agreements | 26,546 | (63,116) | 15,202 |
| Net change in commercial paper and other borrowed funds | 9,315 | 7,230 | (6,869) |
| Net change in beneficial interests issued by consolidated variable interest entities | 345 | 1,165 | 2,426 |
| Proceeds from long-term borrowings and trust preferred capital debt securities | 86,271 | 54,844 | 55,181 |
| Payments of long-term borrowings and trust preferred capital debt securities | (96,473) | (82,078) | (99,043) |
| Excess tax benefits related to stock-based compensation | 255 | 867 | 26 |
| Redemption of preferred stock | 0 | 0 | (352) |
| Proceeds from issuance of preferred stock | 1,234 | 0 | 0 |
| Treasury stock and warrants repurchased | (1,653) | (8,863) | (2,999) |
| Dividends paid | (5,194) | (3,895) | (1,486) |
| All other financing activities, net | (189) | (1,868) | (1,666) |
| Net cash provided by/(used in) financing activities | 87,707 | 107,706 | (49,217) |
| Effect of exchange rate changes on cash and due from banks | 1,160 | (851) | 328 |
| Net (decrease)/increase in cash and due from banks | (5,879) | 32,035 | 1,361 |
| Cash and due from banks at the beginning of the period | 59,602 | 27,567 | |
| Cash and due from banks at the end of the period | 53,723 | 59,602 | 27,567 |
| Cash interest paid | 11,161 | 13,725 | 12,404 |
| Cash income taxes paid, net | 2,050 | 8,153 | 9,747 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
JPMORGAN CHASE & CO | ||
Ticker: AMJ Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Cash and due from banks | $ 53,723 | 59,602 |
| Deposits with banks | 121,814 | 85,279 |
| Federal funds sold and securities purchased under resale agreements (included $24,258 and $22,191 at fair value) | 296,296 | 235,314 |
| Securities borrowed (included $10,177 and $15,308 at fair value) | 119,017 | 142,462 |
| Trading assets (included assets pledged of $108,784 and $89,856) | 450,028 | 443,963 |
| Securities (included $371,145 and $364,781 at fair value and assets pledged of $71,167 and $94,691) | 371,152 | 364,793 |
| Loans (included $2,555 and $2,097 at fair value) | 733,796 | 723,720 |
| Allowance for loan losses | (21,936) | (27,609) |
| Loans, net of allowance for loan losses | 711,860 | 696,111 |
| Accrued interest and accounts receivable | 60,933 | 61,478 |
| Premises and equipment | 14,519 | 14,041 |
| Goodwill | 48,175 | 48,188 |
| Mortgage servicing rights | 7,614 | 7,223 |
| Other intangible assets | 2,235 | 3,207 |
| Other assets (included $16,458 and $16,499 at fair value and assets pledged of $1,127 and $1,316) | 101,775 | 104,131 |
| Total assets(a) | 2,359,141 | 2,265,792 |
| Liabilities | ||
| Deposits (included $5,733 and $4,933 at fair value) | 1,193,593 | 1,127,806 |
| Federal funds purchased and securities loaned or sold under repurchase agreements (included $4,388 and $6,817 at fair value) | 240,103 | 213,532 |
| Commercial paper | 55,367 | 51,631 |
| Other borrowed funds (included $11,591 and $9,576 at fair value) | 26,636 | 21,908 |
| Trading liabilities | 131,918 | 141,695 |
| Accounts payable and other liabilities (included $36 and $51 at fair value) | 195,240 | 202,895 |
| Beneficial interests issued by consolidated variable interest entities (included $1,170 and $1,250 at fair value) | 63,191 | 65,977 |
| Long-term debt (included $30,788 and $34,720 at fair value) | 249,024 | 256,775 |
| Total liabilities(a) | 2,155,072 [1] | 2,082,219 |
| Commitments and contingencies (see Notes 29, 30 and 31 of this Annual Report) | ||
| Stockholders' equity | ||
| Preferred stock ($1 par value; authorized 200,000,000 shares: issued 905,750 and 780,000 shares) | 9,058 | 7,800 |
| Common stock ($1 par value; authorized 9,000,000,000 shares; issued 4,104,933,895 shares) | 4,105 | 4,105 |
| Capital surplus | 94,604 | 95,602 |
| Retained earnings | 104,223 | 88,315 |
| Accumulated other comprehensive income/(loss) | 4,102 | 944 |
| Shares held in RSU Trust, at cost (479,126 and 852,906 shares) | (21) | (38) |
| Treasury stock, at cost (300,981,690 and 332,243,180 shares) | (12,002) | (13,155) |
| Total stockholders equity | 204,069 | 183,573 |
| Total liabilities and stockholders equity | 2,359,141 | 2,265,792 |
| Legal Entity | ||
| Assets and liabilities related to VIEs that are consolidated by the Firm | ||
| Trading assets (included assets pledged of $108,784 and $89,856) | 11,966 | 12,079 |
| Loans (included $2,555 and $2,097 at fair value) | 82,723 | 86,754 |
| Other assets (included $16,458 and $16,499 at fair value and assets pledged of $1,127 and $1,316) | 2,090 | 2,638 |
| Total assets(a) | 96,779 | 101,471 |
| Beneficial interests issued by consolidated variable interest entities (included $1,170 and $1,250 at fair value) | 63,191 | 65,977 |
| Other Liabilities | 1,244 | 1,487 |
| Total liabilities(a) | 64,435 | 67,464 |
| [1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at December 31, 2012 and 2011. The difference between total VIE assets and liabilities represents the Firms interests in those entities, which were eliminated in consolidation.December 31, (in millions)2012 2011Assets Trading assets$11,966 $12,079Loans82,723 86,754All other assets2,090 2,638Total assets$96,779 $101,471Liabilities Beneficial interests issued by consolidated variable interest | ||
| External Links | |
| JPMORGAN CHASE & CO (AMJ) Fiscal Year 2012 | |
| 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 |