10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2009 | |||
Statement Of Income Interest Based Revenue | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Interest income | |||
| Interest and fees on loans and leases | $ 48,703 | 56,017 | 55,681 |
| Interest on debt securities | 12,947 | 13,146 | 9,784 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 2,894 | 3,313 | 7,722 |
| Trading account assets | 7,944 | 9,057 | 9,417 |
| Other interest income | 5,428 | 4,151 | 4,700 |
| Total interest income | 77,916 | 85,684 | 87,304 |
| Interest expense | |||
| Deposits | 7,807 | 15,250 | 18,093 |
| Short-term borrowings | 5,512 | 12,362 | 21,967 |
| Trading account liabilities | 2,075 | 2,774 | 3,444 |
| Long-term debt | 15,413 | 9,938 | 9,359 |
| Total interest expense | 30,807 | 40,324 | 52,863 |
| Net interest income | 47,109 | 45,360 | 34,441 |
| Noninterest income | |||
| Card income | 8,353 | 13,314 | 14,077 |
| Service charges | 11,038 | 10,316 | 8,908 |
| Investment and brokerage services | 11,919 | 4,972 | 5,147 |
| Investment banking income | 5,551 | 2,263 | 2,345 |
| Equity investment income | 10,014 | 539 | 4,064 |
| Trading account profits (losses) | 12,235 | (5,911) | (4,889) |
| Mortgage banking income | 8,791 | 4,087 | 902 |
| Insurance income | 2,760 | 1,833 | 761 |
| Gains on sales of debt securities | 4,723 | 1,124 | 180 |
| Other income (loss) | (14) | (1,654) | 1,295 |
| Other-than-temporary impairment losses on available-for-sale debt securities: | |||
| Total other-than-temporary impairment losses | (3,508) | (3,461) | (398) |
| Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income | 672 | 0 | 0 |
| Net impairment losses recognized in earnings on available-for-sale debt securities | (2,836) | (3,461) | (398) |
| Total noninterest income | 72,534 | 27,422 | 32,392 |
| Total revenue, net of interest expense | 119,643 | 72,782 | 66,833 |
| Provision for credit losses | 48,570 | 26,825 | 8,385 |
| Noninterest expense | |||
| Personnel | 31,528 | 18,371 | 18,753 |
| Occupancy | 4,906 | 3,626 | 3,038 |
| Equipment | 2,455 | 1,655 | 1,391 |
| Marketing | 1,933 | 2,368 | 2,356 |
| Professional fees | 2,281 | 1,592 | 1,174 |
| Amortization of intangibles | 1,978 | 1,834 | 1,676 |
| Data processing | 2,500 | 2,546 | 1,962 |
| Telecommunications | 1,420 | 1,106 | 1,013 |
| Other general operating | 14,991 | 7,496 | 5,751 |
| Merger and restructuring charges | 2,721 | 935 | 410 |
| Total noninterest expense | 66,713 | 41,529 | 37,524 |
| Income before income taxes | 4,360 | 4,428 | 20,924 |
| Income tax expense (benefit) | (1,916) | 420 | 5,942 |
| Net income | 6,276 | 4,008 | 14,982 |
| Preferred stock dividends and accretion | 8,480 | 1,452 | 182 |
| Net income (loss) applicable to common shareholders | (2,204) | 2,556 | 14,800 |
| Per common share information | |||
| Earnings (loss) | (0.29) | 0.54 | 3.32 |
| Diluted earnings (loss) | (0.29) | 0.54 | 3.29 |
| Dividends paid | 0.04 | 2.24 | 2.40 |
| Average common shares issued and outstanding (in thousands) | 7,728,570 | 4,592,085 | 4,423,579 |
| Average diluted common shares issued and outstanding (in thousands) | 7,728,570 | 4,596,428 | 4,463,213 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect Deposit Based Operations | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 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 | $ 6,276 | 4,008 | 14,982 |
| Reconciliation of net income to net cash provided by operating activities: | |||
| Provision for credit losses | 48,570 | 26,825 | 8,385 |
| Gains on sales of debt securities | (4,723) | (1,124) | (180) |
| Depreciation and premises improvements amortization | 2,336 | 1,485 | 1,168 |
| Amortization of intangibles | 1,978 | 1,834 | 1,676 |
| Deferred income tax expense (benefit) | 370 | (5,801) | (753) |
| Net decrease (increase) in trading and derivative instruments | 59,822 | (16,973) | (8,108) |
| Net decrease (increase) in other assets | 28,553 | (6,391) | (15,855) |
| Net (decrease) increase in accrued expenses and other liabilities | (16,601) | (8,885) | 4,190 |
| Other operating activities, net | 3,150 | 9,056 | 5,531 |
| Net cash provided by operating activities | 129,731 | 4,034 | 11,036 |
| Investing activities | |||
| Net decrease in time deposits placed and other short-term investments | 19,081 | 2,203 | 2,191 |
| Net decrease in federal funds sold and securities borrowed or purchased under agreements to resell | 31,369 | 53,723 | 6,294 |
| Proceeds from sales of available-for-sale debt securities | 164,155 | 120,972 | 28,107 |
| Proceeds from paydowns and maturities of available-for-sale debt securities | 59,949 | 26,068 | 19,233 |
| Purchases of available-for-sale debt securities | (185,145) | (184,232) | (28,016) |
| Proceeds from maturities of held-to-maturity debt securities | 2,771 | 741 | 630 |
| Purchases of held-to-maturity debt securities | (3,914) | (840) | (314) |
| Proceeds from sales of loans and leases | 7,592 | 52,455 | 57,875 |
| Other changes in loans and leases, net | 21,257 | (69,574) | (177,665) |
| Net purchases of premises and equipment | (2,240) | (2,098) | (2,143) |
| Proceeds from sales of foreclosed properties | 1,997 | 1,187 | 104 |
| Cash received (paid) upon acquisition, net | 31,804 | 6,650 | (19,816) |
| Other investing activities, net | 9,249 | (10,185) | 5,040 |
| Net cash provided by (used in) investing activities | 157,925 | (2,930) | (108,480) |
| Financing activities | |||
| Net increase in deposits | 10,507 | 14,830 | 45,368 |
| Net decrease in federal funds purchased and securities loaned or sold under agreements to repurchase | (62,993) | (34,529) | (1,448) |
| Net (decrease) increase in commercial paper and other short-term borrowings | (126,426) | (33,033) | 32,840 |
| Proceeds from issuance of long-term debt | 67,744 | 43,782 | 67,370 |
| Retirement of long-term debt | (101,207) | (35,072) | (28,942) |
| Proceeds from issuance of preferred stock | 49,244 | 34,742 | 1,558 |
| Repayment of preferred stock | (45,000) | 0 | 0 |
| Proceeds from issuance of common stock | 13,468 | 10,127 | 1,118 |
| Common stock repurchased | 0 | 0 | (3,790) |
| Cash dividends paid | (4,863) | (11,528) | (10,878) |
| Excess tax benefits of share-based payments | 0 | 42 | 254 |
| Other financing activities, net | (42) | (56) | (38) |
| Net cash provided by (used in) financing activities | (199,568) | (10,695) | 103,412 |
| Effect of exchange rate changes on cash and cash equivalents | 394 | (83) | 134 |
| Net increase (decrease) in cash and cash equivalents | 88,482 [1] | (9,674) | 6,102 |
| Cash and cash equivalents at January 1 | 32,857 | 42,531 | |
| Cash and cash equivalents at December 31 | 121,339 | 32,857 | 42,531 |
| Supplemental cash flow disclosures | |||
| Cash paid for interest | 37,602 | 36,387 | 51,829 |
| Cash paid for income taxes | 2,933 | 4,700 | 9,196 |
| [1] During 2009, the Corporation exchanged $14.8 billion of preferred stock by issuing 1.0 billion shares of common stock valued at $11.5 billion. During 2009, the Corporation transferred credit card loans of $8.5 billion and the related allowance for loan and lease losses of $750 million in exchange for a $7.8 billion held-to-maturity debt security that was issued by the Corporation's U.S. Credit Card Securitization Trust. The fair values of noncash assets acquired and liabilities assumed in the Merrill Lynch | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BANK OF AMERICA CORP /DE/ | ||
Ticker: BAC Fiscal Year: 2009 | ||
Statement Of Financial Position Unclassified | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| Assets | ||
| Cash and cash equivalents | $ 121,339 | 32,857 |
| Time deposits placed and other short-term investments | 24,202 | 9,570 |
| Federal funds sold and securities borrowed or purchased under agreements to resell (includes $57,775 and $2,330 measured at fair value and $189,844 and $82,099 pledged as collateral) | 189,933 | 82,478 |
| Trading account assets (includes $30,921 and $69,348 pledged as collateral) | 182,206 | 134,315 |
| Derivative assets | 80,689 | 62,252 |
| Debt securities: | ||
| Available-for-sale (includes $122,708 and $158,939 pledged as collateral) | 301,601 | 276,904 |
| Held-to-maturity, at cost (fair value - $9,684 and $685) | 9,840 | 685 |
| Total debt securities | 311,441 | 277,589 |
| Loans and leases (includes $4,936 and $5,413 measured at fair value and $118,113 and $166,891 pledged as collateral) | 900,128 | 931,446 |
| Allowance for loan and lease losses | (37,200) | (23,071) |
| Loans and leases, net of allowance | 862,928 | 908,375 |
| Premises and equipment, net | 15,500 | 13,161 |
| Mortgage servicing rights (includes $19,465 and $12,733 measured at fair value) | 19,774 | 13,056 |
| Goodwill | 86,314 | 81,934 |
| Intangible assets | 12,026 | 8,535 |
| Loans held-for-sale (includes $32,795 and $18,964 measured at fair value) | 43,874 | 31,454 |
| Customer and other receivables | 81,996 | 37,608 |
| Other assets (includes $55,909 and $55,113 measured at fair value) | 191,077 | 124,759 |
| Total assets | 2,223,299 | 1,817,943 |
| Liabilities | ||
| Deposits in domestic offices: | ||
| Noninterest-bearing | 269,615 | 213,994 |
| Interest-bearing (includes $1,663 and $1,717 measured at fair value) | 640,789 | 576,938 |
| Deposits in foreign offices: | ||
| Noninterest-bearing | 5,489 | 4,004 |
| Interest-bearing | 75,718 | 88,061 |
| Total deposits | 991,611 | 882,997 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $37,325 measured at fair value at December 31, 2009) | 255,185 | 206,598 |
| Trading account liabilities | 65,432 | 51,723 |
| Derivative liabilities | 43,728 | 30,709 |
| Commercial paper and other short-term borrowings (includes $813 measured at fair value at December 31, 2009) | 69,524 | 158,056 |
| Accrued expenses and other liabilities (includes $19,015 and $7,542 measured at fair value and $1,487 and $421 of reserve for unfunded lending commitments) | 127,854 | 42,516 |
| Long-term debt (includes $45,451 measured at fair value at December 31, 2009) | 438,521 | 268,292 |
| Total liabilities | 1,991,855 | 1,640,891 |
| Commitments and contingencies (Note 9 - Variable Interest Entities and Note 14 - Commitments and Contingencies) | ||
| Shareholders' equity | ||
| Preferred stock, $0.01 par value; authorized - 100,000,000 shares; issued and outstanding - 5,246,660 and 8,202,042 shares | 37,208 | 37,701 |
| Common stock and additional paid-in capital, $0.01 par value; authorized - 10,000,000,000 shares; issued and outstanding - 8,650,243,926 and 5,017,435,592 shares | 128,734 | 76,766 |
| Retained earnings | 71,233 | 73,823 |
| Accumulated other comprehensive income (loss) | (5,619) | (10,825) |
| Other | (112) | (413) |
| Total shareholders' equity | 231,444 | 177,052 |
| Total liabilities and shareholders' equity | 2,223,299 | 1,817,943 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) 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 |