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: 2014 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Interest income | |||
| Loans and leases | $ 34,307 | 36,470 | 38,880 |
| Debt securities | 8,021 | 9,749 | 8,908 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 1,039 | 1,229 | 1,502 |
| Trading account assets | 4,561 | 4,706 | 5,094 |
| Other interest income | 2,958 | 2,866 | 3,016 |
| Total interest income | 50,886 | 55,020 | 57,400 |
| Interest expense | |||
| Deposits | 1,080 | 1,396 | 1,990 |
| Short-term borrowings | 2,578 | 2,923 | 3,572 |
| Trading account liabilities | 1,576 | 1,638 | 1,763 |
| Long-term debt | 5,700 | 6,798 | 9,419 |
| Total interest expense | 10,934 | 12,755 | 16,744 |
| Net interest income | 39,952 | 42,265 | 40,656 |
| Noninterest income | |||
| Card income | 5,944 | 5,826 | 6,121 |
| Service charges | 7,443 | 7,390 | 7,600 |
| Investment and brokerage services | 13,284 | 12,282 | 11,393 |
| Investment banking income | 6,065 | 6,126 | 5,299 |
| Equity investment income | 1,130 | 2,901 | 2,070 |
| Trading account profits | 6,309 | 7,056 | 5,870 |
| Mortgage banking income | 1,563 | 3,874 | 4,750 |
| Gains on sales of debt securities | 1,354 | 1,271 | 1,662 |
| Other income (loss) | 1,203 | (49) | (2,087) |
| Total noninterest income | 44,295 | 46,677 | 42,678 |
| Total revenue, net of interest expense | 84,247 | 88,942 | 83,334 |
| Provision for credit losses | 2,275 | 3,556 | 8,169 |
| Noninterest expense | |||
| Personnel | 33,787 | 34,719 | 35,648 |
| Occupancy | 4,260 | 4,475 | 4,570 |
| Equipment | 2,125 | 2,146 | 2,269 |
| Marketing | 1,829 | 1,834 | 1,873 |
| Professional fees | 2,472 | 2,884 | 3,574 |
| Amortization of intangibles | 936 | 1,086 | 1,264 |
| Data processing | 3,144 | 3,170 | 2,961 |
| Telecommunications | 1,259 | 1,593 | 1,660 |
| Other general operating | 25,305 | 17,307 | 18,274 |
| Total noninterest expense | 75,117 | 69,214 | 72,093 |
| Income before income taxes | 6,855 | 16,172 | 3,072 |
| Income tax expense (benefit) | 2,022 | 4,741 | (1,116) |
| Net income | 4,833 | 11,431 | 4,188 |
| Preferred stock dividends | 1,044 | 1,349 | 1,428 |
| Net income applicable to common shareholders | 3,789 | 10,082 | 2,760 |
| Per common share information | |||
| Earnings (in dollars per share) | 0.36 | 0.94 | 0.26 |
| Diluted earnings (in dollars per share) | 0.36 | 0.90 | 0.25 |
| Dividends paid (in dollars per share) | 0.12 | 0.04 | 0.04 |
| Average common shares issued and outstanding (in thousands) | 10,527,818 | 10,731,165 | 10,746,028 |
| Average diluted common shares issued and outstanding (in thousands) | 10,584,535 | 11,491,418 | 10,840,854 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2014 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net income | $ 4,833 | 11,431 | 4,188 |
| Other comprehensive income (loss), net-of-tax: | |||
| Net change in available-for-sale debt and marketable equity securities | 4,621 | (8,166) | 1,802 |
| Net change in derivatives | 616 | 592 | 916 |
| Employee benefit plan adjustments | (943) | 2,049 | (65) |
| Net change in foreign currency translation adjustments | (157) | (135) | (13) |
| Other comprehensive income (loss) | 4,137 | (5,660) | 2,640 |
| Comprehensive income | 8,970 | 5,771 | 6,828 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2014 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating activities | |||
| Net income | $ 4,833 | 11,431 | 4,188 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Provision for credit losses | 2,275 | 3,556 | 8,169 |
| Gains on sales of debt securities | (1,354) | (1,271) | (1,662) |
| Fair value adjustments on structured liabilities | (407) | 649 | 5,107 |
| Depreciation and premises improvements amortization | 1,586 | 1,597 | 1,774 |
| Amortization of intangibles | 936 | 1,086 | 1,264 |
| Net amortization of premium/discount on debt securities | 2,688 | 1,577 | 2,580 |
| Deferred income taxes | 726 | 3,262 | (2,735) |
| Loans held-for-sale: | |||
| Originations and purchases | (40,113) | (65,688) | (59,540) |
| Proceeds from sales and paydowns of loans originally classified as held-for-sale | 38,528 | 77,707 | 54,817 |
| Net change in: | |||
| Trading and derivative instruments | 6,621 | 33,870 | (47,606) |
| Other assets | 2,380 | 35,154 | (11,424) |
| Accrued expenses and other liabilities | 9,702 | (12,919) | 24,061 |
| Other operating activities, net | (1,662) | 2,806 | 4,951 |
| Net cash provided by (used in) operating activities | 26,739 | 92,817 | (16,056) |
| Investing activities | |||
| Net change in: | |||
| Time deposits placed and other short-term investments | 4,030 | 7,154 | 7,310 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (1,495) | 29,596 | (8,741) |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 159,071 | 119,013 | 74,068 |
| Proceeds from paydowns and maturities | 79,704 | 85,554 | 71,509 |
| Purchases | (280,571) | (175,983) | (164,491) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 7,889 | 8,472 | 6,261 |
| Purchases | (13,274) | (14,388) | (20,991) |
| Loans and leases: | |||
| Proceeds from sales | 28,765 | 12,331 | 1,837 |
| Purchases | (10,609) | (16,734) | (9,178) |
| Other changes in loans and leases, net | 22,635 | (34,256) | 2,557 |
| Net sales (purchases) of premises and equipment | (1,160) | (521) | 5 |
| Proceeds from sales of foreclosed properties | 855 | 1,099 | 2,799 |
| Proceeds from sales of investments | 1,577 | 4,818 | 2,396 |
| Other investing activities, net | (1,621) | (1,097) | (320) |
| Net cash provided by (used in) investing activities | (4,204) | 25,058 | (34,979) |
| Financing activities | |||
| Net change in: | |||
| Deposits | (335) | 14,010 | 72,220 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | 3,171 | (95,153) | 78,395 |
| Short-term borrowings | (14,827) | 16,009 | (5,017) |
| Long-term debt: | |||
| Proceeds from issuance | 51,573 | 45,658 | 22,200 |
| Retirement of long-term debt | (53,749) | (65,602) | (124,389) |
| Preferred stock: | |||
| Proceeds from issuance | 5,957 | 1,008 | 667 |
| Redemption | 0 | (6,461) | 0 |
| Common stock repurchased | (1,675) | (3,220) | 0 |
| Cash dividends paid | (2,306) | (1,677) | (1,909) |
| Excess tax benefits on share-based payments | 34 | 12 | 13 |
| Other financing activities, net | (44) | (26) | 236 |
| Net cash provided by (used in) financing activities | (12,201) | (95,442) | 42,416 |
| Effect of exchange rate changes on cash and cash equivalents | (3,067) | (1,863) | (731) |
| Net increase (decrease) in cash and cash equivalents | 7,267 | 20,570 | (9,350) |
| Cash and cash equivalents at January 1 | 131,322 | 110,752 | 120,102 |
| Cash and cash equivalents at December 31 | 138,589 | 131,322 | 110,752 |
| Supplemental cash flow disclosures | |||
| Interest paid | 11,082 | 12,912 | 18,268 |
| Income taxes paid | 2,558 | 1,559 | 1,372 |
| Income taxes refunded | (144) | (244) | (338) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BANK OF AMERICA CORP /DE/ | ||
Ticker: BAC Fiscal Year: 2014 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and due from banks | $ 33,118 | 36,852 |
| Interest-bearing deposits with the Federal Reserve and non-U.S. central banks | 105,471 | 94,470 |
| Cash and cash equivalents | 138,589 | 131,322 |
| Time deposits placed and other short-term investments | 7,510 | 11,540 |
| Federal funds sold and securities borrowed or purchased under agreements to resell (includes $62,182 and $68,656 measured at fair value) | 191,823 | 190,328 |
| Trading account assets (includes $110,923 and $111,817 pledged as collateral) | 191,785 | 200,993 |
| Derivative assets | 52,682 | 47,495 |
| Debt securities: | ||
| Carried at fair value (includes $46,976 and $52,283 pledged as collateral) | 320,695 | 268,795 |
| Held-to-maturity, at cost (fair value $59,641 and $52,430; $17,124 and $20,869 pledged as collateral) | 59,766 | 55,150 |
| Total debt securities | 380,461 | 323,945 |
| Loans and leases (includes $8,681 and $10,042 measured at fair value and $52,959 and $71,579 pledged as collateral) | 881,391 | 928,233 |
| Allowance for loan and lease losses | (14,419) | (17,428) |
| Loans and leases, net of allowance | 866,972 | 910,805 |
| Premises and equipment, net | 10,049 | 10,475 |
| Mortgage servicing rights (includes $3,530 and $5,042 measured at fair value) | 3,530 | 5,052 |
| Goodwill | 69,777 | 69,844 |
| Intangible assets | 4,612 | 5,574 |
| Loans held-for-sale (includes $6,801 and $6,656 measured at fair value) | 12,836 | 11,362 |
| Customer and other receivables | 61,845 | 59,448 |
| Other assets (includes $13,873 and $18,055 measured at fair value) | 112,063 | 124,090 |
| Total assets | 2,104,534 | 2,102,273 |
| On-balance sheet liabilities | ||
| Deposits in U.S. offices: | ||
| Noninterest-bearing | 392,790 | 373,070 |
| Interest-bearing (includes $1,469 and $1,899 measured at fair value) | 660,161 | 667,714 |
| Deposits in non-U.S. offices: | ||
| Noninterest-bearing | 7,542 | 8,255 |
| Interest-bearing | 58,443 | 70,232 |
| Total deposits | 1,118,936 | 1,119,271 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $35,357 and $26,500 measured at fair value) | 201,277 | 198,106 |
| Trading account liabilities | 74,192 | 83,469 |
| Derivative liabilities | 46,909 | 37,407 |
| Short-term borrowings (includes $2,697 and $1,520 measured at fair value) | 31,172 | 45,999 |
| Accrued expenses and other liabilities (includes $12,055 and $11,233 measured at fair value and $528 and $484 of reserve for unfunded lending commitments) | 145,438 | 135,662 |
| Long-term debt (includes $36,404 and $47,035 measured at fair value) | 243,139 | 249,674 |
| Total liabilities | 1,861,063 | 1,869,588 |
| Commitments and contingencies | ||
| Shareholders equity | ||
| Preferred stock, $0.01 par value; authorized 100,000,000 shares; issued and outstanding 3,647,790 and 3,407,790 shares | 19,309 | 13,352 |
| Common stock and additional paid-in capital, $0.01 par value; authorized 12,800,000,000 shares; issued and outstanding 10,516,542,476 and 10,591,808,296 shares | 153,458 | 155,293 |
| Retained earnings | 75,024 | 72,497 |
| Accumulated other comprehensive income (loss) | (4,320) | (8,457) |
| Total shareholders equity | 243,471 | 232,685 |
| Total liabilities and shareholders equity | 2,104,534 | 2,102,273 |
| Legal Entity | ||
| Consolidated VIEs | ||
| Trading account assets (includes $110,923 and $111,817 pledged as collateral) | 6,890 | 8,412 |
| Derivative assets | 6 | 185 |
| Loans and leases (includes $8,681 and $10,042 measured at fair value and $52,959 and $71,579 pledged as collateral) | 95,187 | 109,118 |
| Allowance for loan and lease losses | (1,968) | (2,674) |
| Loans and leases, net of allowance | 93,219 | 106,444 |
| Loans held-for-sale (includes $6,801 and $6,656 measured at fair value) | 1,822 | 1,384 |
| Other assets (includes $13,873 and $18,055 measured at fair value) | 2,763 | 4,577 |
| Total assets | 104,700 | 121,002 |
| Short-term borrowings (includes $2,697 and $1,520 measured at fair value) | 1,032 | 1,150 |
| Long-term debt (includes $36,404 and $47,035 measured at fair value) | 13,307 | 19,448 |
| All other liabilities (includes $84 and $138 of non-recourse liabilities) | 138 | 253 |
| Total liabilities | 14,477 | 20,851 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2014 | |
| 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 |