Bank of America Corporation (BAC) financial statements (2020 and earlier)

Company profile

Business Address BANK OF AMERICA CORPORATE CENTER
CHARLOTTE, NC 28255
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments157,094177,404366,792327,947335,880330,374131,322
Cash and cash equivalents157,094177,404157,434147,738159,353138,589131,322
Short-term investments  209,358180,209176,527191,785 
Disposal group, including discontinued operation     12,836 
Total current assets:157,094177,404366,792327,947335,880343,210131,322
Noncurrent Assets
Property, plant and equipment10,4939,9069,2479,1399,48510,04910,475
Intangible assets, net (including goodwill)70,65170,72571,26371,89173,52974,38975,418
Goodwill68,95168,95168,95168,96969,76169,77769,844
Intangible assets, net (excluding goodwill)1,7001,7742,3122,9223,7684,6125,574
Total noncurrent assets:81,14480,63180,51081,03083,01484,43885,893
Other undisclosed assets2,188,0922,096,4721,833,9321,778,7251,725,4221,676,8861,885,058
TOTAL ASSETS:2,426,3302,354,5072,281,2342,187,7022,144,3162,104,5342,102,273
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt30,68220,18932,66623,94428,098232,43545,999
Total current liabilities:30,68220,18932,66623,94428,098232,43545,999
Noncurrent Liabilities
Other undisclosed liabilities2,127,2612,068,9931,981,4221,896,9181,860,0131,628,6281,823,589
Total liabilities:2,157,9432,089,1822,014,0881,920,8621,888,1111,861,0631,869,588
Stockholders' equity
Stockholders' equity attributable to parent, including:268,387265,325267,146266,840256,205243,471232,685
Accumulated other comprehensive loss(5,617)(12,211)(7,082)(7,288)(5,674)(4,320)(8,457)
Retained earnings151,183136,314113,816101,87088,56475,02472,497
Other undisclosed stockholders' equity attributable to parent122,821141,222160,412172,258173,315172,767168,645
Total stockholders' equity:268,387265,325267,146266,840256,205243,471232,685
TOTAL LIABILITIES AND EQUITY:2,426,3302,354,5072,281,2342,187,7022,144,3162,104,5342,102,273

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues91,63191,24787,35283,70182,50784,24788,942
Net investment income36,46750,23442,63437,46736,08438,304 
Brokerage commissions revenue 14,160
Financial services revenue34,50234,98935,77537,473 
Cost of revenue(3,554)(3,282)(3,396)(3,597)(3,161)(2,275)(3,574)
Provision for loan, lease, and other losses(2,649)(3,282)
Financial services costs(3,396)(3,597)(3,161)(2,275)(3,574)
Gross profit:88,07787,96583,95680,10479,34681,97285,368
Operating expenses10,179(11,360)(43,123)(43,811)(45,808)(64,421)(39,236)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
     1,203(29)
Operating income:98,25676,60540,83336,29333,53818,75446,103
Nonoperating income
(Investment Income, Nonoperating)
     1,338 
Interest and debt expense(4,483)(729)(12,912)(9,961)(10,549)(10,934)(12,755)
Income from continuing operations before equity method investments, income taxes:93,77375,87627,92126,33222,9899,15833,348
Other undisclosed income (loss) from continuing operations before income taxes(60,490)(41,292)1,292(1,179)(835)(2,303)(17,176)
Income from continuing operations before income taxes:33,28334,58429,21325,15322,1546,85516,172
Income tax expense(5,569)(6,437)(10,981)(7,247)(6,266)(2,022)(4,741)
Net income attributable to parent:27,71428,14718,23217,90615,8884,83311,431
Preferred stock dividends and other adjustments(1,425)(1,451)(1,614)(1,682)(1,483)(1,044)(1,349)
Net income available to common stockholders, basic:26,28926,69616,61816,22414,4053,78910,082
Dilutive securities, effect on basic earnings per share  186300300  
Other undisclosed net income available to common stockholders, diluted      298
Net income available to common stockholders, diluted:26,28926,69616,80416,52414,7053,78910,380

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:27,71428,14718,23217,90615,8884,83311,431
Other comprehensive income (loss) (521)405(809)(63)(1,557)(5,660)
Other undisclosed comprehensive loss(521)      
Comprehensive income:27,19327,62618,63717,09715,8253,2765,771
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9,740(3,395)(199)(1,121)(65)5,694 
Comprehensive income, net of tax, attributable to parent:36,93324,23118,43815,97615,7608,9705,771

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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