JPMorgan Chase (JPM) FY2014 results: revenue $95.1 billion, down 2.3% on the year
JPMorgan Chase & Co. (JPM) reported revenue of $95.1 billion for fiscal 2014, the year ended 31 December 2014, down 2.3% on the year before. Net income was $21.8 billion, up 21.7%, and diluted earnings per share $5.29. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$95.1 billion
-2.3% on the year
FY2007FY2014
Operating margin
n/a
FY2007FY2014
Net income
$21.8 billion
+21.7% on the year
FY2007FY2014
Diluted EPS
$5.29
+21.6% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
95,112
97,367
97,031
-2.3%
Interest expense
7,897
9,350
11,043
-15.5%
Pre-tax income
30,699
26,675
28,917
+15.1%
Income tax
8,954
8,789
7,633
+1.9%
Effective tax rate
29.2%
32.9%
26.4%
Net income
21,762
17,886
21,284
+21.7%
Net margin
22.9%
18.4%
21.9%
Diluted EPS
$5.29
$4.35
$5.20
+21.6%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
36,593
107,953
25,079
-66.1%
Cash from investing
-165,636
-150,501
-119,825
Cash from financing
118,228
28,324
87,707
+317.4%
Depreciation and amortisation
4,759
5,306
5,147
-10.3%
Share-based compensation
2,190
2,219
2,545
-1.3%
Dividends paid
6,990
6,056
5,194
+15.4%
Dividend per share
$1.58
$1.44
$1.20
+9.7%
Diluted shares, weighted
3,798m
3,815m
3,822m
-0.5%
Shares outstanding at period end
3,715m
3,756m
3,804m
-1.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
232,065
211,178
204,069
+9.9%
Deposits
1,363,427
1,287,765
1,193,593
+5.9%
Trading liabilities
152,815
137,744
131,918
+10.9%
Debt
565,046
534,894
571,130
+5.6%
Other liabilities
259,773
244,108
258,431
+6.4%
Total liabilities and equity
2,573,126
2,415,689
2,359,141
+6.5%
Fixed assets
15,133
14,891
14,519
+1.6%
Goodwill
47,647
48,081
48,175
-0.9%
Securities held for sale or to maturity
345,474
350,861
7.0
-1.5%
Loans
743,151
722,154
711,860
+2.9%
Resale agreements
215,803
248,116
296,296
-13.0%
Securities borrowed
n/a
111,465
119,017
Other assets
1,205,918
920,121
1,169,267
+31.1%
Total assets
2,573,126
2,415,689
2,359,141
+6.5%
10-K for the year ended 31 December 2014, filed 24 February 2015: the filing.