10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2012 | |||
Consolidated Statement 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 | |
| Interest income | |||
| Loans and leases | $ 38,880 | 44,966 | 50,996 |
| Debt securities | 8,776 | 9,521 | 11,667 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 1,502 | 2,147 | 1,832 |
| Trading account assets | 5,094 | 5,961 | 6,841 |
| Other interest income | 3,148 | 3,641 | 4,161 |
| Total interest income | 57,400 | 66,236 | 75,497 |
| Interest expense | |||
| Deposits | 1,990 | 3,002 | 3,997 |
| Short-term borrowings | 3,572 | 4,599 | 3,699 |
| Trading account liabilities | 1,763 | 2,212 | 2,571 |
| Long-term debt | 9,419 | 11,807 | 13,707 |
| Total interest expense | 16,744 | 21,620 | 23,974 |
| Net interest income | 40,656 | 44,616 | 51,523 |
| Noninterest income | |||
| Card income | 6,121 | 7,184 | 8,108 |
| Service charges | 7,600 | 8,094 | 9,390 |
| Investment and brokerage services | 11,393 | 11,826 | 11,622 |
| Investment banking income | 5,299 | 5,217 | 5,520 |
| Equity investment income | 2,070 | 7,360 | 5,260 |
| Trading account profits | 5,870 | 6,697 | 10,054 |
| Mortgage banking income (loss) | 4,750 | (8,830) | 2,734 |
| Insurance income (loss) | (195) | 1,346 | 2,066 |
| Gains on sales of debt securities | 1,662 | 3,374 | 2,526 |
| Other income (loss) | (1,839) | 6,869 | 2,384 |
| Other-than-temporary impairment losses on available-for-sale debt securities: | |||
| Total other-than-temporary impairment losses | (57) | (360) | (2,174) |
| Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income | 4 | 61 | 1,207 |
| Net impairment losses recognized in earnings on available-for-sale debt securities | (53) | (299) | (967) |
| Total noninterest income | 42,678 | 48,838 [1] | 58,697 |
| Total revenue, net of interest expense | 83,334 | 93,454 | 110,220 |
| Provision for credit losses | 8,169 | 13,410 | 28,435 |
| Noninterest expense | |||
| Personnel | 35,648 | 36,965 | 35,149 |
| Occupancy | 4,570 | 4,748 | 4,716 |
| Equipment | 2,269 | 2,340 | 2,452 |
| Marketing | 1,873 | 2,203 | 1,963 |
| Professional fees | 3,574 | 3,381 | 2,695 |
| Amortization of intangibles | 1,264 | 1,509 | 1,731 |
| Data processing | 2,961 | 2,652 | 2,544 |
| Telecommunications | 1,660 | 1,553 | 1,416 |
| Other general operating | 18,274 | 21,101 | 16,222 |
| Goodwill impairment | 3,184 | 12,400 | |
| Merger and restructuring charges | 0 | 638 | 1,820 |
| Total noninterest expense | 72,093 | 80,274 | 83,108 |
| Income (loss) before income taxes | 3,072 | (230) | (1,323) |
| Income tax expense (benefit) | (1,116) | (1,676) | 915 |
| Net income (loss) | 4,188 | 1,446 | (2,238) |
| Preferred stock dividends and accretion | 1,428 | 1,361 | 1,357 |
| Net income (loss) applicable to common shareholders | 2,760 | 85 | (3,595) |
| Per common share information | |||
| Earnings (loss) | 0.26 | 0.01 | (0.37) |
| Diluted earnings (loss) | 0.25 | 0.01 | (0.37) |
| Dividends paid | 0.04 | 0.04 | 0.04 |
| Average common shares issued and outstanding (in thousands) | 10,746,028 | 10,142,625 | 9,790,472 |
| Average diluted common shares issued and outstanding (in thousands) | 10,840,854 | 10,254,824 | 9,790,472 |
| [1] There were no material intersegment revenues. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2012 | |||
Consolidated Statement 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 (loss) | $ 4,188 | 1,446 | (2,238) |
| Net change in available-for-sale debt and marketable equity securities | 1,802 | (4,270) | 5,872 |
| Net change in derivatives | 916 | (549) | (701) |
| Employee benefit plan adjustments | (65) | (444) [1] | 145 |
| Net change in foreign currency translation adjustments | (13) | (108) | 237 |
| Other comprehensive income (loss) | 2,640 | (5,371) | 5,553 |
| Comprehensive income (loss) | 6,828 | (3,925) | 3,315 |
| [1] Net change in fair value represents after-tax adjustments based on the final year-end actuarial valuations. For more information on employee benefit plans, see Note 18 Employee Benefit Plans. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2012 | |||
Consolidated Statement 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 (loss) | $ 4,188 | 1,446 | (2,238) |
| Reconciliation of net income (loss) to net cash provided by (used in) operating activities: | |||
| Provision for credit losses | 8,169 | 13,410 | 28,435 |
| Goodwill impairment | 3,184 | 12,400 | |
| Gains on sales of debt securities | (1,662) | (3,374) | (2,526) |
| Fair value adjustments on structured liabilities | 5,107 | (3,320) | (18) |
| Depreciation and premises improvements amortization | 1,774 | 1,976 | 2,181 |
| Amortization of intangibles | 1,264 | 1,509 | 1,731 |
| Deferred income taxes | (2,735) | (1,949) | 608 |
| Net (increase) decrease in trading and derivative instruments | (48,225) | 20,230 | 20,775 |
| Net (increase) decrease in other assets | (13,330) | 50,230 | 5,213 |
| Net increase (decrease) in accrued expenses and other liabilities | 24,061 | (18,124) | 14,069 |
| Other operating activities, net | 7,531 | (770) | 1,911 |
| Net cash provided by (used in) operating activities | (13,858) | 64,448 | 82,541 |
| Investing activities | |||
| Net (increase) decrease in time deposits placed and other short-term investments | 7,310 | 105 | (2,154) |
| Net increase in federal funds sold and securities borrowed or purchased under agreements to resell | (8,741) | (1,567) | (19,683) |
| Proceeds from sales of available-for-sale debt securities | 74,068 | 120,125 | 100,047 |
| Proceeds from paydowns and maturities of available-for-sale debt securities | 71,509 | 56,732 | 70,868 |
| Purchases of available-for-sale debt securities | (164,491) | (99,536) | (199,159) |
| Proceeds from maturities of held-to-maturity debt securities | 6,261 | 602 | 11 |
| Purchases of held-to-maturity debt securities | (20,991) | (35,552) | (100) |
| Proceeds from sales of loans and leases | 1,673 | 2,409 | 8,046 |
| Other changes in loans and leases, net | (6,457) | (6,059) | (2,550) |
| Net sales (purchases) of premises and equipment | 5 | (1,307) | (987) |
| Proceeds from sales of foreclosed properties | 2,799 | 2,532 | 3,107 |
| Cash received due to impact of adoption of consolidation guidance | 0 | 0 | 2,807 |
| Proceeds from Sale of Other Investments | 198 | 14,840 | 10,856 |
| Other investing activities, net | (320) | (895) | (1,456) |
| Net cash provided by (used in) investing activities | (37,177) | 52,429 | (30,347) |
| Financing activities | |||
| Net increase in deposits | 72,220 | 22,611 | 36,598 |
| Net increase (decrease) in federal funds purchased and securities loaned or sold under agreements to repurchase | 78,395 | (30,495) | (9,826) |
| Net decrease in commercial paper and other short-term borrowings | (5,017) | (24,264) | (31,698) |
| Proceeds from issuance of long-term debt | 22,200 | 26,001 | 52,215 |
| Retirement of long-term debt | (124,389) | (101,814) | (110,919) |
| Proceeds from issuance of preferred stock and warrants | 667 | 5,000 | 0 |
| Cash dividends paid | (1,909) | (1,738) | (1,762) |
| Excess Tax Benefit from Share-based Compensation, Financing Activities | 13 | 42 | 53 |
| Other financing activities, net | 236 | 3 | 5 |
| Net cash provided by (used in) financing activities | 42,416 | (104,654) | (65,334) |
| Effect of exchange rate changes on cash and cash equivalents | (731) | (548) | 228 |
| Net increase (decrease) in cash and cash equivalents | (9,350) | 11,675 | (12,912) |
| Cash and cash equivalents at January 1 | 120,102 | 108,427 | 121,339 |
| Cash and cash equivalents at December 31 | 110,752 | 120,102 | 108,427 |
| Supplemental cash flow disclosures | |||
| Interest paid | 18,268 | 25,207 | 21,166 |
| Income taxes paid | 1,372 | 1,653 | 1,465 |
| Income taxes refunded | (338) | (781) | (7,783) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BANK OF AMERICA CORP /DE/ | ||
Ticker: BAC Fiscal Year: 2012 | ||
Consolidated Balance Sheet | ||
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 cash equivalents | $ 110,752 | 120,102 |
| Time deposits placed and other short-term investments | 18,694 | 26,004 |
| Federal funds sold and securities borrowed or purchased under agreements to resell (includes $98,670 and $87,453 measured at fair value) | 219,924 | 211,183 |
| Trading account assets (includes $115,821 and $80,130 pledged as collateral) | 237,226 | 169,319 |
| Derivative assets | 53,497 | 73,023 |
| Debt securities: | ||
| Available-for-sale (includes $63,342 and $69,021 pledged as collateral) | 286,906 | 276,151 |
| Held-to-maturity, at cost (fair value $50,270 and $35,442; $22,461 and $24,009 pledged as collateral) | 49,481 | 35,265 |
| Total debt securities | 336,387 | 311,416 |
| Loans and leases (includes $9,002 and $8,804 measured at fair value and $50,289 and $73,463 pledged as collateral) | 907,819 | 926,200 |
| Allowance for loan and lease losses | (24,179) | (33,783) |
| Loans and leases, net of allowance | 883,640 | 892,417 |
| Premises and equipment, net | 11,858 | 13,637 |
| Mortgage servicing rights (includes $5,716 and $7,378 measured at fair value) | 5,851 | 7,510 |
| Goodwill | 69,976 | 69,967 |
| Intangible assets | 6,684 | 8,021 |
| Loans held-for-sale (includes $11,659 and $7,630 measured at fair value) | 19,413 | 13,762 |
| Customer and other receivables | 71,467 | 66,999 |
| Other assets (includes $40,983 and $37,084 measured at fair value) | 164,605 | 145,686 |
| Total assets | 2,209,974 | 2,129,046 |
| Liabilities | ||
| Deposits in U.S. offices: | ||
| Noninterest-bearing | 372,546 | 332,228 |
| Interest-bearing (includes $2,262 and $3,297 measured at fair value) | 654,332 | 624,814 |
| Deposits in Non-U.S. offices: | ||
| Noninterest-bearing | 7,573 | 6,839 |
| Interest-bearing | 70,810 | 69,160 |
| Total Deposits | 1,105,261 | 1,033,041 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $42,639 and $34,235 measured at fair value) | 293,259 | 214,864 |
| Trading account liabilities | 73,587 | 60,508 |
| Derivative Liabilities | 46,016 | 59,520 |
| Commercial paper and other short-term borrowings (includes $4,074 and $6,558 measured at fair value) | 30,731 | 35,698 |
| Accrued expenses and other liabilities (includes $16,594 and $15,743 measured at fair value and $513 and $714 of reserve for unfunded lending commitments) | 148,579 | 123,049 |
| Long-term debt (includes $49,161 and $46,239 measured at fair value) | 275,585 | 372,265 |
| Total liabilities | 1,973,018 | 1,898,945 |
| Commitments and contingencies (Note 7 Securitizations and Other Variable Interest Entities, Note 8 Representations and Warranties Obligations and Corporate Guarantees and Note 13 Commitments and Contingencies) | ||
| Shareholders equity | ||
| Preferred stock, $0.01 par value; authorized 100,000,000 shares; issued and outstanding 3,685,410 and 3,689,084 shares | 18,768 | 18,397 |
| Common stock and additional paid-in capital, $0.01 par value; authorized 12,800,000,000 shares; issued and outstanding 10,778,263,628 and 10,535,937,957 shares | 158,142 | 156,621 |
| Retained earnings | 62,843 | 60,520 |
| Accumulated other comprehensive income (loss) | (2,797) | (5,437) |
| Total shareholders equity | 236,956 | 230,101 |
| Total liabilities and shareholders equity | 2,209,974 | 2,129,046 |
| Variable Interest Entities | ||
| Consolidated VIEs | ||
| Trading account assets (includes $115,821 and $80,130 pledged as collateral) | 7,906 | 8,595 |
| Derivative assets | 333 | 1,634 |
| Loans and leases (includes $9,002 and $8,804 measured at fair value and $50,289 and $73,463 pledged as collateral) | 123,227 | 140,194 |
| Allowance for loan and lease losses | (3,658) | (5,066) |
| Loans and leases, net of allowance | 119,569 | 135,128 |
| Loans held-for-sale (includes $11,659 and $7,630 measured at fair value) | 1,969 | 1,635 |
| Other assets (includes $40,983 and $37,084 measured at fair value) | 4,654 | 4,769 |
| Total assets | 134,431 | 151,761 |
| Commercial paper and other short-term borrowings (includes $4,074 and $6,558 measured at fair value) | 3,731 | 5,777 |
| Long-term debt (includes $49,161 and $46,239 measured at fair value) | 34,256 | 49,054 |
| All other liabilities (includes $149 and $225 of non-recourse liabilities) | 360 | 1,116 |
| Total liabilities | 38,347 | 55,947 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) 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 |