JPMorgan Chase (JPM) FY2012 results: revenue $97.0 billion, down 0.2% on the year
JPMorgan Chase & Co. (JPM) reported revenue of $97.0 billion for fiscal 2012, the year ended 31 December 2012, down 0.2% on the year before. Net income was $21.3 billion, up 12.2%, and diluted earnings per share $5.20. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$97.0 billion
-0.2% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$21.3 billion
+12.2% on the year
FY2007FY2012
Diluted EPS
$5.20
+16.1% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
97,031
97,234
102,694
-0.2%
Interest expense
11,043
13,604
12,781
-18.8%
Pre-tax income
28,917
26,749
24,859
+8.1%
Income tax
7,633
7,773
7,489
-1.8%
Effective tax rate
26.4%
29.1%
30.1%
Net income
21,284
18,976
17,370
+12.2%
Net margin
21.9%
19.5%
16.9%
Diluted EPS
$5.20
$4.48
$3.96
+16.1%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
25,079
95,932
-3,752
-73.9%
Cash from investing
-119,825
-170,752
54,002
Cash from financing
87,707
107,706
-49,217
-18.6%
Depreciation and amortisation
5,147
4,257
4,029
+20.9%
Share-based compensation
2,545
2,675
3,251
-4.9%
Buybacks
n/a
n/a
2,999
Dividends paid
5,194
3,895
1,486
+33.4%
Dividend per share
$1.20
$1.00
$0.20
+20.0%
Diluted shares, weighted
3,822m
3,920m
3,977m
-2.5%
Shares outstanding at period end
3,804m
3,773m
3,910m
+0.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
204,069
183,573
176,106
+11.2%
Deposits
1,193,593
1,127,806
930,369
+5.8%
Trading liabilities
131,918
141,695
146,166
-6.9%
Debt
571,130
543,846
616,985
+5.0%
Other liabilities
258,431
268,872
247,979
-3.9%
Total liabilities and equity
2,359,141
2,265,792
2,117,605
+4.1%
Fixed assets
14,519
14,041
13,355
+3.4%
Goodwill
48,175
48,188
48,854
-0.0%
Securities held for sale or to maturity
7.0
12.0
18.0
-41.7%
Loans
711,860
696,111
660,661
+2.3%
Resale agreements
296,296
235,314
222,554
+25.9%
Securities borrowed
119,017
142,462
123,587
-16.5%
Other assets
1,169,267
1,129,664
1,048,576
+3.5%
Total assets
2,359,141
2,265,792
2,117,605
+4.1%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.