JPMorgan Chase (JPM) FY2013 results: revenue $97.4 billion, up 0.3% on the year
JPMorgan Chase & Co. (JPM) reported revenue of $97.4 billion for fiscal 2013, the year ended 31 December 2013, up 0.3% on the year before. Net income was $17.9 billion, down 16.0%, and diluted earnings per share $4.35. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$97.4 billion
+0.3% on the year
FY2007FY2013
Operating margin
n/a
FY2007FY2013
Net income
$17.9 billion
-16.0% on the year
FY2007FY2013
Diluted EPS
$4.35
-16.3% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
97,367
97,031
97,234
+0.3%
Interest expense
9,350
11,043
13,604
-15.3%
Pre-tax income
26,675
28,917
26,749
-7.8%
Income tax
8,789
7,633
7,773
+15.1%
Effective tax rate
32.9%
26.4%
29.1%
Net income
17,886
21,284
18,976
-16.0%
Net margin
18.4%
21.9%
19.5%
Diluted EPS
$4.35
$5.20
$4.48
-16.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
107,953
25,079
95,932
+330.5%
Cash from investing
-150,501
-119,825
-170,752
Cash from financing
28,324
87,707
107,706
-67.7%
Depreciation and amortisation
5,306
5,147
4,257
+3.1%
Share-based compensation
2,219
2,545
2,675
-12.8%
Dividends paid
6,056
5,194
3,895
+16.6%
Dividend per share
$1.44
$1.20
$1.00
+20.0%
Diluted shares, weighted
3,815m
3,822m
3,920m
-0.2%
Shares outstanding at period end
3,756m
3,804m
3,773m
-1.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
211,178
204,069
183,573
+3.5%
Deposits
1,287,765
1,193,593
1,127,806
+7.9%
Trading liabilities
137,744
131,918
141,695
+4.4%
Debt
534,894
571,130
543,846
-6.3%
Other liabilities
244,108
258,431
268,872
-5.5%
Total liabilities and equity
2,415,689
2,359,141
2,265,792
+2.4%
Fixed assets
14,891
14,519
14,041
+2.6%
Goodwill
48,081
48,175
48,188
-0.2%
Securities held for sale or to maturity
350,861
7.0
12.0
+5,012,200.0%
Loans
722,154
711,860
696,111
+1.4%
Resale agreements
248,116
296,296
235,314
-16.3%
Securities borrowed
111,465
119,017
142,462
-6.3%
Other assets
920,121
1,169,267
1,129,664
-21.3%
Total assets
2,415,689
2,359,141
2,265,792
+2.4%
10-K for the year ended 31 December 2013, filed 20 February 2014: the filing.