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: 2015 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 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 | |
| Interest income | |||
| Loans and leases | $ 32,070 | 34,307 | 36,470 |
| Debt securities | 9,319 | 8,021 | 9,749 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 988 | 1,039 | 1,229 |
| Trading account assets | 4,397 | 4,561 | 4,706 |
| Other interest income | 3,026 | 2,958 | 2,866 |
| Total interest income | 49,800 | 50,886 | 55,020 |
| Interest expense | |||
| Deposits | 861 | 1,080 | 1,396 |
| Short-term borrowings | 2,387 | 2,578 | 2,923 |
| Trading account liabilities | 1,343 | 1,576 | 1,638 |
| Long-term debt | 5,958 | 5,700 | 6,798 |
| Total interest expense | 10,549 | 10,934 | 12,755 |
| Net interest income | 39,251 | 39,952 | 42,265 |
| Noninterest income | |||
| Card income | 5,959 | 5,944 | 5,826 |
| Service charges | 7,381 | 7,443 | 7,390 |
| Investment and brokerage services | 13,337 | 13,284 | 12,282 |
| Investment banking income | 5,572 | 6,065 | 6,126 |
| Equity investment income | 261 | 1,130 | 2,901 |
| Trading account profits | 6,473 | 6,309 | 7,056 |
| Mortgage banking income | 2,364 | 1,563 | 3,874 |
| Gains on sales of debt securities | 1,091 | 1,354 | 1,271 |
| Other income (loss) | 818 | 1,203 | (49) |
| Total noninterest income | 43,256 | 44,295 | 46,677 |
| Total revenue, net of interest expense | 82,507 | 84,247 | 88,942 |
| Provision for credit losses | 3,161 | 2,275 | 3,556 |
| Noninterest expense | |||
| Personnel | 32,868 | 33,787 | 34,719 |
| Occupancy | 4,093 | 4,260 | 4,475 |
| Equipment | 2,039 | 2,125 | 2,146 |
| Marketing | 1,811 | 1,829 | 1,834 |
| Professional fees | 2,264 | 2,472 | 2,884 |
| Amortization of intangibles | 834 | 936 | 1,086 |
| Data processing | 3,115 | 3,144 | 3,170 |
| Telecommunications | 823 | 1,259 | 1,593 |
| Other general operating | 9,345 | 25,305 | 17,307 |
| Total noninterest expense | 57,192 | 75,117 | 69,214 |
| Income before income taxes | 22,154 | 6,855 | 16,172 |
| Income tax expense | 6,266 | 2,022 | 4,741 |
| Net income | 15,888 | 4,833 | 11,431 |
| Preferred stock dividends | 1,483 | 1,044 | 1,349 |
| Net income applicable to common shareholders | 14,405 | 3,789 | 10,082 |
| Per common share information | |||
| Earnings (in dollars per share) | 1.3800 | 0.3600 | 0.9400 |
| Diluted earnings (in dollars per share) | 1.3100 | 0.3600 | 0.9000 |
| Dividends paid (in dollars per share) | 0.2000 | 0.1200 | 0.0400 |
| Average common shares issued and outstanding (in thousands) (in shares) | 10,462,282 | 10,527,818 | 10,731,165 |
| Average diluted common shares issued and outstanding (in thousands) (in shares) | 11,213,992 | 10,584,535 | 11,491,418 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2015 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 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 | $ 15,888 | 4,833 | 11,431 |
| Other comprehensive income (loss), net-of-tax: | |||
| Net change in available-for-sale debt and marketable equity securities | (1,598) | 4,621 | (8,166) |
| Net change in debit valuation adjustments | 615 | 0 | 0 |
| Net change in derivatives | 584 | 616 | 592 |
| Employee benefit plan adjustments | 394 | (943) | 2,049 |
| Net change in foreign currency translation adjustments | (123) | (157) | (135) |
| Other comprehensive income (loss) | (128) | 4,137 | (5,660) |
| Comprehensive income | 15,760 | 8,970 | 5,771 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2015 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 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 | $ 15,888 | 4,833 | 11,431 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 3,161 | 2,275 | 3,556 |
| Gains on sales of debt securities | (1,091) | (1,354) | (1,271) |
| Fair value adjustments on structured liabilities | 633 | (407) | 649 |
| Depreciation and premises improvements amortization | 1,555 | 1,586 | 1,597 |
| Amortization of intangibles | 834 | 936 | 1,086 |
| Net amortization of premium/discount on debt securities | 2,472 | 2,688 | 1,577 |
| Deferred income taxes | 3,108 | 726 | 3,262 |
| Loans held-for-sale: | |||
| Originations and purchases | (38,675) | (40,113) | (65,688) |
| Proceeds from sales and paydowns of loans originally classified as held-for-sale | 36,204 | 38,528 | 77,707 |
| Net change in: | |||
| Trading and derivative instruments | 3,292 | 6,621 | 33,870 |
| Other assets | 2,458 | 5,828 | 35,154 |
| Accrued expenses and other liabilities | 730 | 9,702 | (12,919) |
| Other operating activities, net | (2,839) | (1,714) | 2,806 |
| Net cash provided by operating activities | 27,730 | 30,135 | 92,817 |
| Investing activities | |||
| Net change in: | |||
| Time deposits placed and other short-term investments | 50 | 4,030 | 7,154 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (659) | (1,495) | 29,596 |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 145,079 | 126,399 | 103,743 |
| Proceeds from paydowns and maturities | 84,988 | 79,704 | 85,554 |
| Purchases | (219,412) | (247,902) | (160,744) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 12,872 | 7,889 | 8,472 |
| Purchases | (36,575) | (13,274) | (14,388) |
| Loans and leases: | |||
| Proceeds from sales | 22,316 | 28,765 | 12,331 |
| Purchases | (12,629) | (10,609) | (16,734) |
| Other changes in loans and leases, net | (52,626) | 19,239 | (34,256) |
| Proceeds from sales of equity investments | 333 | 1,577 | 4,818 |
| Other investing activities, net | 1,309 | (1,923) | (488) |
| Net cash provided by (used in) investing activities | (54,954) | (7,600) | 25,058 |
| Financing activities | |||
| Net change in: | |||
| Deposits | 78,347 | (335) | 14,010 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | (26,986) | 3,171 | (95,153) |
| Short-term borrowings | (3,074) | (14,827) | 16,009 |
| Long-term debt: | |||
| Proceeds from issuance | 43,670 | 51,573 | 45,658 |
| Retirement of long-term debt | (40,365) | (53,749) | (65,602) |
| Preferred stock: | |||
| Proceeds from issuance | 2,964 | 5,957 | 1,008 |
| Redemption | 0 | 0 | (6,461) |
| Common stock repurchased | (2,374) | (1,675) | (3,220) |
| Cash dividends paid | (3,574) | (2,306) | (1,677) |
| Excess tax benefits on share-based payments | 16 | 34 | 12 |
| Other financing activities, net | (39) | (44) | (26) |
| Net cash provided by (used in) financing activities | 48,585 | (12,201) | (95,442) |
| Effect of exchange rate changes on cash and cash equivalents | (597) | (3,067) | (1,863) |
| Net increase in cash and cash equivalents | 20,764 | 7,267 | 20,570 |
| Cash and cash equivalents at January 1 | 138,589 | 131,322 | 110,752 |
| Cash and cash equivalents at December 31 | 159,353 | 138,589 | 131,322 |
| Supplemental cash flow disclosures | |||
| Interest paid | 10,623 | 11,082 | 12,912 |
| Income taxes paid | 2,326 | 2,558 | 1,559 |
| Income taxes refunded | (151) | (144) | (244) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BANK OF AMERICA CORP /DE/ | ||
Ticker: BAC Fiscal Year: 2015 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Cash and due from banks | $ 31,265 | 33,118 |
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | 128,088 | 105,471 |
| Cash and cash equivalents | 159,353 | 138,589 |
| Time deposits placed and other short-term investments | 7,744 | 7,510 |
| Federal funds sold and securities borrowed or purchased under agreements to resell (includes $55,143 and $62,182 measured at fair value) | 192,482 | 191,823 |
| Trading account assets (includes $105,135 and $110,620 pledged as collateral) | 176,527 | 191,785 |
| Derivative assets | 49,990 | 52,682 |
| Debt securities: | ||
| Carried at fair value (includes $29,810 and $32,741 pledged as collateral) | 322,380 | 320,695 |
| Held-to-maturity, at cost (fair value $84,046 and $59,641; $9,074 and $15,432 pledged as collateral) | 84,625 | 59,766 |
| Total debt securities | 407,005 | 380,461 |
| Loans and leases | 903,001 | 881,391 |
| Allowance for loan and lease losses | (12,234) | (14,419) |
| Loans and leases, net of allowance | 890,767 | 866,972 |
| Premises and equipment, net | 9,485 | 10,049 |
| Mortgage servicing rights (includes $3,087 and $3,530 measured at fair value) | 3,087 | 3,530 |
| Goodwill | 69,761 | 69,777 |
| Intangible assets | 3,768 | 4,612 |
| Loans held-for-sale (includes $4,818 and $6,801 measured at fair value) | 7,453 | 12,836 |
| Customer and other receivables | 58,312 | 61,845 |
| Other assets (includes $14,320 and $13,873 measured at fair value) | 108,582 | 112,063 |
| Total assets | 2,144,316 | 2,104,534 |
| On-balance sheet liabilities | ||
| Deposits in U.S. offices: | ||
| Noninterest-bearing | 422,237 | 393,102 |
| Interest-bearing (includes $1,116 and $1,469 measured at fair value) | 703,761 | 660,161 |
| Deposits in non-U.S. offices: | ||
| Noninterest-bearing | 9,916 | 7,230 |
| Interest-bearing | 61,345 | 58,443 |
| Total deposits | 1,197,259 | 1,118,936 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $24,574 and $35,357 measured at fair value) | 174,291 | 201,277 |
| Trading account liabilities | 66,963 | 74,192 |
| Derivative liabilities | 38,450 | 46,909 |
| Short-term borrowings (includes $1,325 and $2,697 measured at fair value) | 28,098 | 31,172 |
| Accrued expenses and other liabilities (includes $13,899 and $12,055 measured at fair value and $646 and $528 of reserve for unfunded lending commitments) | 146,286 | 145,438 |
| Long-term debt (includes $30,097 and $36,404 measured at fair value) | 236,764 | 243,139 |
| Total liabilities | 1,888,111 | 1,861,063 |
| Commitments and contingencies | ||
| Shareholders equity | ||
| Preferred stock, $0.01 par value; authorized 100,000,000 shares; issued and outstanding 3,767,790 and 3,647,790 shares | 22,273 | 19,309 |
| Common stock and additional paid-in capital, $0.01 par value; authorized 12,800,000,000 shares; issued and outstanding 10,380,265,063 and 10,516,542,476 shares | 151,042 | 153,458 |
| Retained earnings | 88,564 | 75,024 |
| Accumulated other comprehensive income (loss) | (5,674) | (4,320) |
| Total shareholders equity | 256,205 | 243,471 |
| Total liabilities and shareholders equity | 2,144,316 | 2,104,534 |
| Legal Entity | ||
| Consolidated VIEs | ||
| Trading account assets (includes $105,135 and $110,620 pledged as collateral) | 6,344 | 6,890 |
| Loans and leases | 72,946 | 95,187 |
| Allowance for loan and lease losses | (1,320) | (1,968) |
| Loans and leases, net of allowance | 71,626 | 93,219 |
| Loans held-for-sale (includes $4,818 and $6,801 measured at fair value) | 284 | 1,822 |
| Other assets (includes $14,320 and $13,873 measured at fair value) | 1,530 | 2,769 |
| Total assets | 79,784 | 104,700 |
| Short-term borrowings (includes $1,325 and $2,697 measured at fair value) | 681 | 1,032 |
| Long-term debt (includes $30,097 and $36,404 measured at fair value) | 14,073 | 13,307 |
| All other liabilities (includes $20 and $84 of non-recourse liabilities) | 21 | 138 |
| Total liabilities | 14,775 | 14,477 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) 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 |