JPM FY 2021 Earnings Report — JPMorgan Chase & Co. Revenue & Financial Results | Market Cap Arena

JPMorgan Chase & Co.JPM

FY 2021 Earnings

Reported February 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$127.2B	—	$129.8B	—	-2.0%
Op. Income	$59.6B	—	$35.8B	—	66.3%
Gross Margin	102.9%	—	78.9%	—	24.0pp
Net Margin	38.0%	—	22.4%	—	15.6pp
EPS (Diluted)	$15.36	—	$8.88	—	73.0%
Free Cash Flow	$78.1B	—	-$79.9B	—	197.7%

Revenue Flow

Item	Amount
REVENUE	$127.2B
Cost of Revenue	-$3.7B
GROSS PROFIT	$130.9B
R&D Expenses	$0
Selling & Marketing	$3.0B
General & Administrative	$38.6B
SG&A Expenses	$41.6B
Other Expenses	$29.7B
Operating Expenses	$71.3B
Cost & Expenses	$67.7B
OPERATING INCOME	$59.6B
Interest Income	$57.9B
Interest Expense	$5.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$59.6B
Income Tax Expense	$11.2B
Net Income from Continuing Ops	$48.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46.5B
D&A	$7.9B
EBIT	$59.6B
EBITDA	$67.5B
EPS	$15
EPS Diluted	$15

Income Statement

Item	Amount
REVENUE	$127.2B
Cost of Revenue	-$3.7B
GROSS PROFIT	$130.9B
R&D Expenses	$0
Selling & Marketing	$3.0B
General & Administrative	$38.6B
SG&A Expenses	$41.6B
Other Expenses	$29.7B
Operating Expenses	$71.3B
Cost & Expenses	$67.7B
OPERATING INCOME	$59.6B
Interest Income	$57.9B
Interest Expense	$5.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$59.6B
Income Tax Expense	$11.2B
Net Income from Continuing Ops	$48.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46.5B
D&A	$7.9B
EBIT	$59.6B
EBITDA	$67.5B
EPS	$15
EPS Diluted	$15

Cash Flow Statement

Item	Amount
Net Income	$48.3B
Depreciation & Amortization	$7.9B
Stock-Based Compensation	$0
Deferred Income Tax	$3.7B
Other Non-Cash Items	-$17.8B
Change in Working Capital	$35.9B
OPERATING CASH FLOW	$78.1B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$360.5B
Sales/Maturities of Investments	$263.7B
Other Investing Activities	-$32.5B
NET CASH FROM INVESTING	-$129.3B
Net Debt Issuance	$35.3B
Common Stock Repurchased	-$21.0B
Common Dividends Paid	-$12.9B
Other Financing Activities	$267.2B
NET CASH FROM FINANCING	$276.0B
FREE CASH FLOW	$78.1B
Net Change in Cash	$213.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$740.8B
Short-Term Investments	$621.1B
Net Receivables	$308.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7T
PP&E (Net)	$27.1B
Goodwill	$50.3B
Intangible Assets	$6.4B
Long-Term Investments	$1.4T
Tax Assets	$0
Other Non-Current Assets	$564.2B
TOTAL NON-CURRENT ASSETS	$2.1T
TOTAL ASSETS	$3.7T
Account Payables	$169.2B
Short-Term Debt	$247.9B
Deferred Revenue	$0
Other Current Liabilities	$2.6T
TOTAL CURRENT LIABILITIES	$3.1T
Long-Term Debt	$301.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20.6B
TOTAL NON-CURRENT LIABILITIES	$321.6B
TOTAL LIABILITIES	$3.4T
Common Stock	$4.1B
Additional Paid-In Capital	$88.4B
Retained Earnings	$272.3B
Treasury Stock	-$105.4B
Accum. Other Comp. Income	-$84M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$294.1B
Minority Interest	$0
TOTAL EQUITY	$294.1B
TOTAL LIABILITIES & EQUITY	$3.7T
Total Debt	$548.9B
Net Debt	-$191.9B