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: 2016 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Interest income | |||
| Loans and leases | $ 33,228 | 31,918 | 34,145 |
| Debt securities | 9,167 | 9,178 | 9,010 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 1,118 | 988 | 1,039 |
| Trading account assets | 4,423 | 4,397 | 4,561 |
| Other interest income | 3,121 | 3,026 | 2,959 |
| Total interest income | 51,057 | 49,507 | 51,714 |
| Interest expense | |||
| Deposits | 1,015 | 861 | 1,080 |
| Short-term borrowings | 2,350 | 2,387 | 2,579 |
| Trading account liabilities | 1,018 | 1,343 | 1,576 |
| Long-term debt | 5,578 | 5,958 | 5,700 |
| Total interest expense | 9,961 | 10,549 | 10,935 |
| Net interest income | 41,096 | 38,958 | 40,779 |
| Noninterest income | |||
| Card income | 5,851 | 5,959 | 5,944 |
| Service charges | 7,638 | 7,381 | 7,443 |
| Investment and brokerage services | 12,745 | 13,337 | 13,284 |
| Investment banking income | 5,241 | 5,572 | 6,065 |
| Trading account profits | 6,902 | 6,473 | 6,309 |
| Mortgage banking income | 1,853 | 2,364 | 1,563 |
| Gains on sales of debt securities | 490 | 1,138 | 1,481 |
| Other income | 1,885 | 1,783 | 3,026 |
| Total noninterest income | 42,605 | 44,007 | 45,115 |
| Total revenue, net of interest expense | 83,701 | 82,965 | 85,894 |
| Provision for credit losses | 3,597 | 3,161 | 2,275 |
| Noninterest expense | |||
| Personnel | 31,616 | 32,868 | 33,787 |
| Occupancy | 4,038 | 4,093 | 4,260 |
| Equipment | 1,804 | 2,039 | 2,125 |
| Marketing | 1,703 | 1,811 | 1,829 |
| Professional fees | 1,971 | 2,264 | 2,472 |
| Amortization of intangibles | 730 | 834 | 936 |
| Data processing | 3,007 | 3,115 | 3,144 |
| Telecommunications | 746 | 823 | 1,259 |
| Other general operating | 9,336 | 9,887 | 25,844 |
| Total noninterest expense | 54,951 | 57,734 | 75,656 |
| Income before income taxes | 25,153 | 22,070 | 7,963 |
| Income tax expense | 7,247 | 6,234 | 2,443 |
| Net income | 17,906 | 15,836 | 5,520 |
| Preferred stock dividends | 1,682 | 1,483 | 1,044 |
| Net income applicable to common shareholders | 16,224 | 14,353 | 4,476 |
| Per common share information | |||
| Earnings (in dollars per share) | 1.58 | 1.37 | 0.43 |
| Diluted earnings (in dollars per share) | 1.50 | 1.31 | 0.42 |
| Dividends paid (in dollars per share) | 0.25 | 0.20 | 0.12 |
| Average common shares issued and outstanding (in thousands) (in shares) | 10,284,147 | 10,462,282 | 10,527,818 |
| Average diluted common shares issued and outstanding (in thousands) (in shares) | 11,035,657 | 11,213,992 | 10,584,535 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2016 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net income | $ 17,906 | 15,836 | 5,520 |
| Other comprehensive income (loss), net-of-tax: | |||
| Net change in debt and marketable equity securities | (1,345) | (1,580) | 4,149 |
| Net change in debit valuation adjustments | (156) | 615 | 0 |
| Net change in derivatives | 182 | 584 | 616 |
| Employee benefit plan adjustments | (524) | 394 | (943) |
| Net change in foreign currency translation adjustments | (87) | (123) | (157) |
| Other comprehensive income (loss) | (1,930) | (110) | 3,665 |
| Comprehensive income | 15,976 | 15,726 | 9,185 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2016 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating activities | |||
| Net income | $ 17,906 | 15,836 | 5,520 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 3,597 | 3,161 | 2,275 |
| Gains on sales of debt securities | (490) | (1,138) | (1,481) |
| Realized debit valuation adjustments on structured liabilities | 17 | 556 | 0 |
| Depreciation and premises improvements amortization | 1,511 | 1,555 | 1,586 |
| Amortization of intangibles | 730 | 834 | 936 |
| Net amortization of premium/discount on debt securities | 3,134 | 2,613 | 1,699 |
| Deferred income taxes | 5,841 | 2,924 | 1,147 |
| Stock-based compensation | 1,235 | 28 | 78 |
| Loans held-for-sale: | |||
| Originations and purchases | (33,107) | (37,933) | (39,358) |
| Proceeds from sales and paydowns of loans originally classified as held-for-sale | 31,376 | 36,204 | 38,528 |
| Net change in: | |||
| Trading and derivative instruments | (866) | 2,550 | 5,866 |
| Other assets | (13,802) | 2,645 | 5,894 |
| Accrued expenses and other liabilities | (35) | 730 | 9,702 |
| Other operating activities, net | 1,259 | (2,218) | (1,597) |
| Net cash provided by operating activities | 18,306 | 28,347 | 30,795 |
| Investing activities | |||
| Net change in: | |||
| Time deposits placed and other short-term investments | (2,117) | 50 | 4,030 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (5,742) | (659) | (1,495) |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 79,371 | 145,079 | 126,399 |
| Proceeds from paydowns and maturities | 100,768 | 84,988 | 79,704 |
| Purchases | (189,061) | (219,412) | (247,902) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 18,677 | 12,872 | 7,889 |
| Purchases | (39,899) | (36,575) | (13,274) |
| Loans and leases: | |||
| Proceeds from sales | 18,230 | 22,316 | 28,765 |
| Purchases | (12,283) | (12,629) | (10,609) |
| Other changes in loans and leases, net | (31,194) | (51,895) | 19,160 |
| Proceeds from sales of equity investments | 299 | 333 | 1,577 |
| Other investing activities, net | (192) | (39) | (2,504) |
| Net cash used in investing activities | (63,143) | (55,571) | (8,260) |
| Financing activities | |||
| Net change in: | |||
| Deposits | 63,675 | 78,347 | (335) |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | (4,000) | (26,986) | 3,171 |
| Short-term borrowings | (4,014) | (3,074) | (14,827) |
| Long-term debt: | |||
| Proceeds from issuance | 35,537 | 43,670 | 51,573 |
| Retirement of long-term debt | (51,849) | (40,365) | (53,749) |
| Preferred stock: Proceeds from issuance | 2,947 | 2,964 | 5,957 |
| Common stock repurchased | (5,112) | (2,374) | (1,675) |
| Cash dividends paid | (4,194) | (3,574) | (2,306) |
| Excess tax benefits on share-based payments | 14 | 16 | 34 |
| Other financing activities, net | (22) | (39) | (44) |
| Net cash provided by (used in) financing activities | 32,982 | 48,585 | (12,201) |
| Effect of exchange rate changes on cash and cash equivalents | 240 | (597) | (3,067) |
| Net increase (decrease) in cash and cash equivalents | (11,615) | 20,764 | 7,267 |
| Cash and cash equivalents at January 1 | 159,353 | 138,589 | 131,322 |
| Cash and cash equivalents at December 31 | 147,738 | 159,353 | 138,589 |
| Supplemental cash flow disclosures | |||
| Interest paid | 10,510 | 10,623 | 11,082 |
| Income taxes paid | 1,633 | 2,326 | 2,558 |
| Income taxes refunded | (590) | (151) | (144) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BANK OF AMERICA CORP /DE/ | ||
Ticker: BAC Fiscal Year: 2016 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Cash and due from banks | $ 30,719 | 31,265 |
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | 117,019 | 128,088 |
| Cash and cash equivalents | 147,738 | 159,353 |
| Time deposits placed and other short-term investments | 9,861 | 7,744 |
| Federal funds sold and securities borrowed or purchased under agreements to resell (includes $49,750 and $55,143 measured at fair value) | 198,224 | 192,482 |
| Trading account assets (includes $106,057 and $107,776 pledged as collateral) | 180,209 | 176,527 |
| Derivative assets | 42,512 | 49,990 |
| Debt securities: | ||
| Carried at fair value (includes $29,804 and $29,810 pledged as collateral) | 313,660 | 322,380 |
| Held-to-maturity, at cost (fair value $115,285 and $84,046; $8,233 and $9,074 pledged as collateral) | 117,071 | 84,508 |
| Total debt securities | 430,731 | 406,888 |
| Loans and leases | 906,683 | 896,983 |
| Allowance for loan and lease losses | (11,237) | (12,234) |
| Loans and leases, net of allowance | 895,446 | 884,749 |
| Premises and equipment, net | 9,139 | 9,485 |
| Mortgage servicing rights | 2,747 | 3,087 |
| Goodwill | 68,969 | 69,761 |
| Intangible assets | 2,922 | 3,768 |
| Loans held-for-sale (includes $4,026 and $4,818 measured at fair value) | 9,066 | 7,453 |
| Customer and other receivables | 58,759 | 58,312 |
| Assets of business held for sale | 10,670 | |
| Other assets (includes $13,802 and $14,320 measured at fair value) | 120,709 | 114,688 |
| Total assets | 2,187,702 | 2,144,287 |
| On-balance sheet liabilities | ||
| Deposits in U.S. offices: | ||
| Noninterest-bearing | 438,125 | 422,237 |
| Interest-bearing (includes $731 and $1,116 measured at fair value) | 750,891 | 703,761 |
| Deposits in non-U.S. offices: | ||
| Noninterest-bearing | 12,039 | 9,916 |
| Interest-bearing | 59,879 | 61,345 |
| Total deposits | 1,260,934 | 1,197,259 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $35,766 and $24,574 measured at fair value) | 170,291 | 174,291 |
| Trading account liabilities | 63,031 | 66,963 |
| Derivative liabilities | 39,480 | 38,450 |
| Short-term borrowings (includes $2,024 and $1,325 measured at fair value) | 23,944 | 28,098 |
| Accrued expenses and other liabilities (includes $14,630 and $13,899 measured at fair value and $762 and $646 of reserve for unfunded lending commitments) | 146,359 | 146,286 |
| Long-term debt (includes $30,037 and $30,097 measured at fair value) | 216,823 | 236,764 |
| Total liabilities | 1,920,862 | 1,888,111 |
| Commitments and contingencies | ||
| Shareholders equity | ||
| Preferred stock, $0.01 par value; authorized 100,000,000 shares; issued and outstanding 3,887,329 and 3,767,790 shares | 25,220 | 22,273 |
| Common stock and additional paid-in capital, $0.01 par value; authorized 12,800,000,000 shares; issued and outstanding 10,052,625,604 and 10,380,265,063 shares | 147,038 | 151,042 |
| Retained earnings | 101,870 | 88,219 |
| Accumulated other comprehensive income (loss) | (7,288) | (5,358) |
| Total shareholders equity | 266,840 | 256,176 |
| Total liabilities and shareholders equity | 2,187,702 | 2,144,287 |
| Legal Entity | ||
| Consolidated VIEs | ||
| Trading account assets (includes $106,057 and $107,776 pledged as collateral) | 5,773 | 6,344 |
| Loans and leases | 56,001 | 72,946 |
| Allowance for loan and lease losses | (1,032) | (1,320) |
| Loans and leases, net of allowance | 54,969 | 71,626 |
| Loans held-for-sale (includes $4,026 and $4,818 measured at fair value) | 188 | 284 |
| Other assets (includes $13,802 and $14,320 measured at fair value) | 1,596 | 1,530 |
| Total assets | 62,526 | 79,784 |
| Short-term borrowings (includes $2,024 and $1,325 measured at fair value) | 348 | 681 |
| Long-term debt (includes $30,037 and $30,097 measured at fair value) | 10,646 | 14,073 |
| All other liabilities (includes $38 and $20 of non-recourse liabilities) | 41 | 21 |
| Total liabilities | 11,035 | 14,775 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2016 | |
| 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 |