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: 2015 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenue | |||
| Investment banking fees | $ 6,751 | 6,542 | 6,354 |
| Principal transactions | 10,408 | 10,531 | 10,141 |
| Lending- and deposit-related fees | 5,694 | 5,801 | 5,945 |
| Asset management, administration and commissions | 15,509 | 15,931 | 15,106 |
| Securities gains | 202 | 77 [1] | 667 |
| Mortgage fees and related income | 2,513 | 3,563 | 5,205 |
| Card income | 5,924 | 6,020 | 6,022 |
| Other income | 3,032 | 3,013 | 4,608 |
| Noninterest revenue | 50,033 | 51,478 | 54,048 |
| Interest income | 50,973 | 51,531 | 52,669 |
| Interest expense | 7,463 | 7,897 | 9,350 |
| Net interest income | 43,510 | 43,634 | 43,319 |
| Total net revenue | 93,543 | 95,112 | 97,367 |
| Provision for credit losses | 3,827 | 3,139 | 225 |
| Noninterest expense | |||
| Compensation expense | 29,750 | 30,160 | 30,810 |
| Occupancy expense | 3,768 | 3,909 | 3,693 |
| Technology, communications and equipment expense | 6,193 | 5,804 | 5,425 |
| Professional and outside services | 7,002 | 7,705 | 7,641 |
| Marketing | 2,708 | 2,550 | 2,500 |
| Other expense | 9,593 | 11,146 | 20,398 |
| Total noninterest expense | 59,014 | 61,274 | 70,467 |
| Income before income tax expense | 30,702 | 30,699 | 26,675 |
| Income tax expense | 6,260 | 8,954 | 8,789 |
| Net income | 24,442 | 21,745 | 17,886 |
| Net income applicable to common stockholders | 22,406 | 20,077 | 16,557 |
| Net income per common share data | |||
| Basic earnings per share (in dollars per share) | 6.05 | 5.33 | 4.38 |
| Diluted earnings per share (in dollars per share) | 6.00 | 5.29 | 4.34 |
| Weighted-average basic shares (in shares) | 3,700,400 | 3,763,500 | 3,782,400 |
| Weighted-average diluted shares (in shares) | 3,732,800 | 3,797,500 | 3,814,900 |
| Cash dividends declared per common share (in dollars per share) | 1.72 | 1.58 | 1.44 |
| Other-than-temporary impairment losses included in securities gains | |||
| OTTI losses | (22) | (4) | (21) |
| [1] The Firm recognized other-than-temporary impairment (OTTI) losses of $22 million, $4 million, and $21 million for the years ended December 31, 2015, 2014 and 2013, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net income | $ 24,442 | 21,745 | 17,886 |
| Other comprehensive income/(loss), aftertax | |||
| Unrealized gains/(losses) on investment securities | (2,144) | 1,975 | (4,070) |
| Translation adjustments, net of hedges | (15) | (11) | (41) |
| Cash flow hedges | 51 | 44 | (259) |
| Defined benefit pension and OPEB plans | 111 | (1,018) | 1,467 |
| Total other comprehensive income/(loss), aftertax | (1,997) | 990 | (2,903) |
| Comprehensive income | 22,445 | 22,735 | 14,983 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating activities | |||
| Net income | $ 24,442 | 21,745 | 17,886 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | |||
| Provision for credit losses | 3,827 | 3,139 | 225 |
| Depreciation and amortization | 4,940 | 4,759 | 5,306 |
| Deferred tax expense | 1,333 | 4,362 | 8,139 |
| Other Noncash Income (Expense) | 1,785 | 2,113 | 1,552 |
| Originations and purchases of loans held-for-sale | (48,109) | (67,525) | (75,928) |
| Proceeds from sales, securitizations and paydowns of loans held-for-sale | 49,363 | 71,407 | 73,566 |
| Net change in: | |||
| Trading assets | 62,212 | (24,814) | 89,110 |
| Securities borrowed | 12,165 | 1,020 | 7,562 |
| Accrued interest and accounts receivable | 22,664 | (3,637) | (2,340) |
| Other assets | (3,701) | (9,166) | 526 |
| Trading liabilities | (28,972) | 26,818 | (9,772) |
| Accounts payable and other liabilities | (23,361) | 6,058 | (5,750) |
| Other operating adjustments | (5,122) | 314 | (2,129) |
| Net cash provided by operating activities | 73,466 | 36,593 | 107,953 |
| Investing activities | |||
| Deposits with banks | 144,462 | (168,426) | (194,363) |
| Federal funds sold and securities purchased under resale agreements | 3,190 | 30,848 | 47,726 |
| Held-to-maturity securities: | |||
| Proceeds from paydowns and maturities | 6,099 | 4,169 | 189 |
| Purchases | (6,204) | (10,345) | (24,214) |
| Available-for-sale securities: | |||
| Proceeds from paydowns and maturities | 76,448 | 90,664 | 89,631 |
| Proceeds from sales | 40,444 | 38,411 | 73,312 |
| Purchases | (70,804) | (121,504) | (130,266) |
| Proceeds from sales and securitizations of loans held-for-investment | 18,604 | 20,115 | 12,033 |
| Other changes in loans, net | (108,962) | (51,749) | (23,721) |
| All other investing activities, net | 3,703 | 2,181 | (828) |
| Net cash provided by/(used in) investing activities | 106,980 | (165,636) | (150,501) |
| Financing activities | |||
| Net change in: | |||
| Deposits | (88,678) | 89,346 | 81,476 |
| Federal funds purchased and securities loaned or sold under repurchase agreements | (39,415) | 10,905 | (58,867) |
| Commercial paper and other borrowed funds | (57,828) | 9,242 | 2,784 |
| Beneficial interests issued by consolidated variable interest entities | (5,632) | (834) | (10,433) |
| Proceeds from long-term borrowings | 79,611 | 78,515 | 83,546 |
| Payments of long-term borrowings | (67,247) | (65,275) | (60,497) |
| Proceeds from issuance of preferred stock | 5,893 | 8,847 | 3,873 |
| Redemption of preferred stock | 0 | 0 | (1,800) |
| Treasury stock and warrants repurchased | (5,616) | (4,760) | (4,789) |
| Dividends paid | (7,873) | (6,990) | (6,056) |
| All other financing activities, net | (726) | (768) | (913) |
| Net cash provided by/(used in) financing activities | (187,511) | 118,228 | 28,324 |
| Effect of exchange rate changes on cash and due from banks | (276) | (1,125) | 272 |
| Net decrease in cash and due from banks | (7,341) | (11,940) | (13,952) |
| Cash and due from banks at the beginning of the period | 27,831 | 39,771 | |
| Cash and due from banks at the end of the period | 20,490 | 27,831 | 39,771 |
| Cash interest paid | 7,220 | 8,194 | 9,573 |
| Cash income taxes paid, net | 9,423 | 1,392 | 3,502 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
JPMORGAN CHASE & CO | ||
Ticker: AMJ Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Cash and due from banks | $ 20,490 | 27,831 |
| Deposits with banks | 340,015 | 484,477 |
| Federal funds sold and securities purchased under resale agreements (included $23,141 and $28,585 at fair value) | 212,575 | 215,803 |
| Securities borrowed (included $395 and $992 at fair value) | 98,721 | 110,435 |
| Trading assets (included assets pledged of $115,284 and $125,034) | 343,839 | 398,988 |
| Securities (included $241,754 and $298,752 at fair value and assets pledged of $14,883 and $24,912) | 290,827 | 348,004 |
| Loans (included $2,861 and $2,611 at fair value) | 837,299 | 757,336 |
| Allowance for loan losses | (13,555) | (14,185) |
| Loans, net of allowance for loan losses | 823,744 | 743,151 |
| Accrued interest and accounts receivable | 46,605 | 70,079 |
| Premises and equipment | 14,362 | 15,133 |
| Goodwill | 47,325 | 47,647 |
| Mortgage servicing rights | 6,608 | 7,436 |
| Other intangible assets | 1,015 | 1,192 |
| Other assets (included $7,604 and $11,909 at fair value and assets pledged of $1,286 and $1,399) | 105,572 | 102,098 |
| Total assets | 2,351,698 | 2,572,274 [1] |
| Liabilities | ||
| Deposits (included $12,516 and $8,807 at fair value) | 1,279,715 | 1,363,427 |
| Federal funds purchased and securities loaned or sold under repurchase agreements (included $3,526 and $2,979 at fair value) | 152,678 | 192,101 |
| Commercial paper | 15,562 | 66,344 |
| Other borrowed funds (included $9,911 and $14,739 at fair value) | 21,105 | 30,222 |
| Trading liabilities | 126,897 | 152,815 |
| Accounts payable and other liabilities (included $4,401 and $4,155 at fair value) | 177,638 | 206,939 |
| Beneficial interests issued by consolidated variable interest entities (included $787 and $2,162 at fair value) | 41,879 | 52,320 |
| Long-term debt (included $33,065 and $30,226 at fair value) | 288,651 | 276,379 |
| Total liabilities | 2,104,125 | 2,340,547 |
| Commitments and contingencies | ||
| Stockholders equity | ||
| Preferred stock ($1 par value; authorized 200,000,000 shares: issued 2,606,750 and 2,006,250 shares) | 26,068 | 20,063 |
| 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 | 92,500 | 93,270 |
| Retained earnings | 146,420 | 129,977 |
| Accumulated other comprehensive income | 192 | 2,189 |
| Shares held in restricted stock units (RSU) trust, at cost (472,953 shares) | (21) | (21) |
| Treasury stock, at cost (441,459,392 and 390,144,630 shares) | (21,691) | (17,856) |
| Total stockholders equity | 247,573 | 231,727 |
| Total liabilities and stockholders equity | 2,351,698 | 2,572,274 |
| Legal Entity | ||
| VIEs consolidated by the Firm | ||
| Trading assets (included assets pledged of $115,284 and $125,034) | 3,736 | 9,090 |
| Loans (included $2,861 and $2,611 at fair value) | 75,104 | 68,880 |
| Other assets (included $7,604 and $11,909 at fair value and assets pledged of $1,286 and $1,399) | 2,765 | 1,815 |
| Total assets | 81,605 | 79,785 |
| Beneficial interests issued by consolidated variable interest entities (included $787 and $2,162 at fair value) | 41,879 | 52,320 |
| All other liabilities | 809 | 949 |
| Total liabilities | 42,688 | 53,269 |
| [1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at December 31, 2015 and 2014. The difference between total VIE assets and liabilities represents the Firms interests in those entities, which were eliminated in consolidation.December 31, (in millions)2015 2014Assets Trading assets$3,736 $9,090Loans75,104 68,880All other assets2,765 1,815Total assets$81,605 $79,785Liabilities Beneficial interests issued by consolidated variable interest ent | ||
| External Links | |
| JPMORGAN CHASE & CO (AMJ) Fiscal Year 2015 | |
| 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 |