JPM FY 2014 Earnings Report — JPMorgan Chase & Co. Revenue & Financial Results | Market Cap Arena

JPMorgan Chase & Co.JPM

FY 2014 Earnings

Reported February 24, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$103.0B	—	$106.7B	—	-3.5%
Op. Income	$30.7B	—	$26.7B	—	15.1%
Gross Margin	89.3%	—	91.0%	—	-1.7pp
Net Margin	21.1%	—	16.8%	—	4.3pp
EPS (Diluted)	$5.29	—	$4.34	—	21.9%
Free Cash Flow	$36.6B	—	$108.0B	—	-66.1%

Revenue Flow

Item	Amount
REVENUE	$103.0B
Cost of Revenue	$11.0B
GROSS PROFIT	$92.0B
R&D Expenses	$0
Selling & Marketing	$2.5B
General & Administrative	$30.2B
SG&A Expenses	$32.7B
Other Expenses	$28.6B
Operating Expenses	$61.3B
Cost & Expenses	$72.3B
OPERATING INCOME	$30.7B
Interest Income	$51.5B
Interest Expense	$7.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$30.7B
Income Tax Expense	$9.0B
Net Income from Continuing Ops	$21.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20.1B
D&A	$4.8B
EBIT	$30.7B
EBITDA	$35.5B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$103.0B
Cost of Revenue	$11.0B
GROSS PROFIT	$92.0B
R&D Expenses	$0
Selling & Marketing	$2.5B
General & Administrative	$30.2B
SG&A Expenses	$32.7B
Other Expenses	$28.6B
Operating Expenses	$61.3B
Cost & Expenses	$72.3B
OPERATING INCOME	$30.7B
Interest Income	$51.5B
Interest Expense	$7.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$30.7B
Income Tax Expense	$9.0B
Net Income from Continuing Ops	$21.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20.1B
D&A	$4.8B
EBIT	$30.7B
EBITDA	$35.5B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$21.7B
Depreciation & Amortization	$4.8B
Stock-Based Compensation	$2.2B
Deferred Income Tax	$4.4B
Other Non-Cash Items	$7.3B
Change in Working Capital	-$3.7B
OPERATING CASH FLOW	$36.6B
Capital Expenditure	$0
Acquisitions (Net)	$843M
Purchases of Investments	-$131.8B
Sales/Maturities of Investments	$133.2B
Other Investing Activities	-$167.9B
NET CASH FROM INVESTING	-$165.6B
Net Debt Issuance	$22.5B
Common Stock Repurchased	-$4.8B
Common Dividends Paid	-$7.0B
Other Financing Activities	$98.6B
NET CASH FROM FINANCING	$118.2B
FREE CASH FLOW	$36.6B
Net Change in Cash	-$11.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$512.3B
Short-Term Investments	$298.8B
Net Receivables	$70.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$881.1B
PP&E (Net)	$15.1B
Goodwill	$47.6B
Intangible Assets	$8.6B
Long-Term Investments	$876.9B
Tax Assets	$0
Other Non-Current Assets	$742.9B
TOTAL NON-CURRENT ASSETS	$1.7T
TOTAL ASSETS	$2.6T
Account Payables	$134.5B
Short-Term Debt	$258.4B
Deferred Revenue	$0
Other Current Liabilities	$1.4T
TOTAL CURRENT LIABILITIES	$1.9T
Long-Term Debt	$306.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$124.8B
TOTAL NON-CURRENT LIABILITIES	$431.4B
TOTAL LIABILITIES	$2.3T
Common Stock	$4.1B
Additional Paid-In Capital	$93.3B
Retained Earnings	$130.0B
Treasury Stock	-$17.9B
Accum. Other Comp. Income	$2.2B
Other Equity	-$21M
TOTAL STOCKHOLDERS' EQUITY	$231.7B
Minority Interest	$0
TOTAL EQUITY	$231.7B
TOTAL LIABILITIES & EQUITY	$2.6T
Total Debt	$565.0B
Net Debt	$52.7B