JPM FY 2017 Earnings Report — JPMorgan Chase & Co. Revenue & Financial Results | Market Cap Arena

JPMorgan Chase & Co.JPM

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$114.6B	—	$106.4B	—	7.7%
Op. Income	$35.9B	—	$34.5B	—	3.9%
Gross Margin	83.3%	—	85.7%	—	-2.5pp
Net Margin	21.3%	—	23.2%	—	-1.9pp
EPS (Diluted)	$6.31	—	$6.19	—	1.9%
Free Cash Flow	-$10.8B	—	$21.9B	—	-149.5%

Revenue Flow

Item	Amount
REVENUE	$114.6B
Cost of Revenue	$19.2B
GROSS PROFIT	$95.4B
R&D Expenses	$0
Selling & Marketing	$2.9B
General & Administrative	$31.2B
SG&A Expenses	$34.1B
Other Expenses	$25.4B
Operating Expenses	$59.5B
Cost & Expenses	$78.7B
OPERATING INCOME	$35.9B
Interest Income	$64.0B
Interest Expense	$13.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$35.9B
Income Tax Expense	$11.5B
Net Income from Continuing Ops	$24.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22.6B
D&A	$6.2B
EBIT	$35.9B
EBITDA	$42.1B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$114.6B
Cost of Revenue	$19.2B
GROSS PROFIT	$95.4B
R&D Expenses	$0
Selling & Marketing	$2.9B
General & Administrative	$31.2B
SG&A Expenses	$34.1B
Other Expenses	$25.4B
Operating Expenses	$59.5B
Cost & Expenses	$78.7B
OPERATING INCOME	$35.9B
Interest Income	$64.0B
Interest Expense	$13.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$35.9B
Income Tax Expense	$11.5B
Net Income from Continuing Ops	$24.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22.6B
D&A	$6.2B
EBIT	$35.9B
EBITDA	$42.1B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$24.4B
Depreciation & Amortization	$6.2B
Stock-Based Compensation	$0
Deferred Income Tax	$2.3B
Other Non-Cash Items	$13.9B
Change in Working Capital	-$57.6B
OPERATING CASH FLOW	-$10.8B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$107.7B
Sales/Maturities of Investments	$150.9B
Other Investing Activities	-$15.0B
NET CASH FROM INVESTING	$28.2B
Net Debt Issuance	-$10.3B
Common Stock Repurchased	-$16.7B
Common Dividends Paid	-$9.0B
Other Financing Activities	$49.3B
NET CASH FROM FINANCING	$14.6B
FREE CASH FLOW	-$10.8B
Net Change in Cash	$40.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$431.3B
Short-Term Investments	$202.2B
Net Receivables	$67.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$701.3B
PP&E (Net)	$14.2B
Goodwill	$47.5B
Intangible Assets	$6.9B
Long-Term Investments	$1.0T
Tax Assets	$0
Other Non-Current Assets	$742.4B
TOTAL NON-CURRENT ASSETS	$1.8T
TOTAL ASSETS	$2.5T
Account Payables	$102.7B
Short-Term Debt	$210.7B
Deferred Revenue	$0
Other Current Liabilities	$1.5T
TOTAL CURRENT LIABILITIES	$2.0T
Long-Term Debt	$284.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31.0B
TOTAL NON-CURRENT LIABILITIES	$315.1B
TOTAL LIABILITIES	$2.3T
Common Stock	$4.1B
Additional Paid-In Capital	$90.6B
Retained Earnings	$177.7B
Treasury Stock	-$42.6B
Accum. Other Comp. Income	-$119M
Other Equity	-$21M
TOTAL STOCKHOLDERS' EQUITY	$255.7B
Minority Interest	$0
TOTAL EQUITY	$255.7B
TOTAL LIABILITIES & EQUITY	$2.5T
Total Debt	$494.8B
Net Debt	$63.5B