JPM FY 2008 Earnings Report — JPMorgan Chase & Co. Revenue & Financial Results | Market Cap Arena

JPMorgan Chase & Co.JPM

FY 2008 Earnings

Reported March 2, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$101.5B	—	$116.4B	—	-12.8%
Op. Income	$2.8B	—	$22.8B	—	-87.8%
Gross Margin	45.6%	—	55.4%	—	-9.8pp
Net Margin	5.5%	—	13.2%	—	-7.7pp
EPS (Diluted)	$1.37	—	$4.33	—	-68.4%
Free Cash Flow	$41.6B	—	-$110.6B	—	137.6%

Revenue Flow

Item	Amount
REVENUE	$101.5B
Cost of Revenue	$55.2B
GROSS PROFIT	$46.3B
R&D Expenses	$0
Selling & Marketing	$1.9B
General & Administrative	$22.7B
SG&A Expenses	$24.7B
Other Expenses	$18.8B
Operating Expenses	$43.5B
Cost & Expenses	$98.7B
OPERATING INCOME	$2.8B
Interest Income	$73.0B
Interest Expense	$34.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.8B
Income Tax Expense	-$926M
Net Income from Continuing Ops	$3.7B
Net Income from Discontinued Ops	$1.9B
Other Adjustments	$0
NET INCOME	$5.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.7B
D&A	$4.5B
EBIT	$2.8B
EBITDA	$7.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$101.5B
Cost of Revenue	$55.2B
GROSS PROFIT	$46.3B
R&D Expenses	$0
Selling & Marketing	$1.9B
General & Administrative	$22.7B
SG&A Expenses	$24.7B
Other Expenses	$18.8B
Operating Expenses	$43.5B
Cost & Expenses	$98.7B
OPERATING INCOME	$2.8B
Interest Income	$73.0B
Interest Expense	$34.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.8B
Income Tax Expense	-$926M
Net Income from Continuing Ops	$3.7B
Net Income from Discontinued Ops	$1.9B
Other Adjustments	$0
NET INCOME	$5.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.7B
D&A	$4.5B
EBIT	$2.8B
EBITDA	$7.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$5.6B
Depreciation & Amortization	$4.5B
Stock-Based Compensation	$2.6B
Deferred Income Tax	-$2.6B
Other Non-Cash Items	$8.8B
Change in Working Capital	$5.0B
OPERATING CASH FLOW	$23.9B
Capital Expenditure	$17.6B
Acquisitions (Net)	$2.1B
Purchases of Investments	-$248.6B
Sales/Maturities of Investments	$141.2B
Other Investing Activities	-$196.1B
NET CASH FROM INVESTING	-$283.7B
Net Debt Issuance	$16.3B
Common Stock Repurchased	$0
Common Dividends Paid	-$5.9B
Other Financing Activities	$192.4B
NET CASH FROM FINANCING	$247.0B
FREE CASH FLOW	$41.6B
Net Change in Cash	-$13.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$165.0B
Short-Term Investments	$205.9B
Net Receivables	$61.0B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$431.9B
PP&E (Net)	$10.0B
Goodwill	$48.0B
Intangible Assets	$15.0B
Long-Term Investments	$721.8B
Tax Assets	$0
Other Non-Current Assets	$948.3B
TOTAL NON-CURRENT ASSETS	$1.7T
TOTAL ASSETS	$2.2T
Account Payables	$188.0B
Short-Term Debt	$241.6B
Deferred Revenue	$0
Other Current Liabilities	$1.1T
TOTAL CURRENT LIABILITIES	$1.6T
Long-Term Debt	$391.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10.6B
TOTAL NON-CURRENT LIABILITIES	$402.5B
TOTAL LIABILITIES	$2.0T
Common Stock	$3.9B
Additional Paid-In Capital	$92.1B
Retained Earnings	$54.0B
Treasury Stock	-$9.2B
Accum. Other Comp. Income	-$5.7B
Other Equity	-$217M
TOTAL STOCKHOLDERS' EQUITY	$166.9B
Minority Interest	$10.6B
TOTAL EQUITY	$177.4B
TOTAL LIABILITIES & EQUITY	$2.2T
Total Debt	$633.5B
Net Debt	$468.4B