JPMorgan Chase (JPM) FY2011 results: revenue $97.2 billion, down 5.3% on the year
JPMorgan Chase & Co. (JPM) reported revenue of $97.2 billion for fiscal 2011, the year ended 31 December 2011, down 5.3% on the year before. Net income was $19.0 billion, up 9.2%, and diluted earnings per share $4.48. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2012.
Revenue
$97.2 billion
-5.3% on the year
FY2007FY2011
Operating margin
n/a
FY2007FY2011
Net income
$19.0 billion
+9.2% on the year
FY2007FY2011
Diluted EPS
$4.48
+13.1% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
97,234
102,694
100,434
-5.3%
Interest expense
13,604
12,781
15,198
+6.4%
Pre-tax income
26,749
24,859
16,067
+7.6%
Income tax
7,773
7,489
4,415
+3.8%
Effective tax rate
29.1%
30.1%
27.5%
Net income
18,976
17,370
11,728
+9.2%
Net margin
19.5%
16.9%
11.7%
Diluted EPS
$4.48
$3.96
$2.26
+13.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
95,932
-3,752
122,797
Cash from investing
-170,752
54,002
29,355
Cash from financing
107,706
-49,217
-153,079
Depreciation and amortisation
4,257
4,029
3,308
+5.7%
Share-based compensation
2,675
3,251
3,355
-17.7%
Buybacks
n/a
2,999
0.0
Dividends paid
3,895
1,486
3,422
+162.1%
Dividend per share
$1.00
$0.20
$0.20
+400.0%
Diluted shares, weighted
3,920m
3,977m
3,880m
-1.4%
Shares outstanding at period end
3,773m
3,910m
3,942m
-3.5%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
183,573
176,106
160,845
+4.2%
Non-controlling interest
n/a
n/a
4,520
Deposits
1,127,806
930,369
938,367
+21.2%
Trading liabilities
141,695
146,166
125,071
-3.1%
Debt
543,846
616,985
266,318
-11.9%
Other liabilities
268,872
247,979
624,552
+8.4%
Total liabilities and equity
2,265,792
2,117,605
2,119,673
+7.0%
Fixed assets
14,041
13,355
11,118
+5.1%
Goodwill
48,188
48,854
48,357
-1.4%
Securities held for sale or to maturity
12.0
18.0
25.0
-33.3%
Loans
696,111
660,661
601,856
+5.4%
Resale agreements
235,314
222,554
195,404
+5.7%
Securities borrowed
142,462
123,587
119,630
+15.3%
Other assets
1,129,664
1,048,576
1,143,283
+7.7%
Total assets
2,265,792
2,117,605
2,119,673
+7.0%
10-K for the year ended 31 December 2011, filed 29 February 2012: the filing.