How much cash does Bank of America have?

According to Bank of America's latest annual financial reports, the company has a total of $341.42B in cash and cash equivalents. This amount includes all liquid assets that can be readily converted into cash.

Additionally, Bank of America holds $266.65B in short-term investments, which are highly liquid assets that can be easily converted into cash within a short period.

In total, the company has $-27.89B when combining cash and cash equivalents with short-term investments.

On a per-share basis, Bank of America has $75.74 in cash. This metric helps investors understand how much cash the company holds per outstanding share.

The company's free cash flow, which is the cash generated from operations after deducting capital expenditures, stands at $44.98B. This is an important indicator of financial health, showing the cash available for distribution to shareholders or reinvestment into the company.

Lastly, the company's cash position has experienced a growth rate of 43.78%, reflecting the increase in cash and cash equivalents over the specified period.

Bank of America Historical Cash on Hand

Cash on Hand History

The table below shows the amount of cash on hand for each year, with the latest data available for the last fiscal year 2023.

Year	Cash on Hand	Change
2023	$341.42B	43.78%
2022	$237.46B	-33.18%
2021	$355.37B	-8.18%
2020	$387.01B	129.45%
2019	$168.67B	-8.78%
2018	$184.90B	9.68%
2017	$168.59B	6.97%
2016	$157.60B	-5.68%
2015	$167.10B	14.37%
2014	$146.10B	2.27%
2013	$142.86B	10.36%
2012	$129.45B	-11.40%
2011	$146.11B	8.34%
2010	$134.86B	-7.34%
2009	$145.54B	243.04%
2008	$42.43B	-21.87%
2007	$54.30B	7.79%
2006	$50.38B	1.17%
2005	$49.80B	20.59%
2004	$41.30B	17.54%
2003	$35.13B	10.54%
2002	$31.79B	-3.00%
2001	$32.77B	-0.58%
2000	$32.96B	3.56%
1999	$31.83B	-9.14%
1998	$35.03B	169.83%
1997	$12.98B	20.46%
1996	$10.78B	10.59%
1995	$9.74B	-17.01%
1994	$11.74B	28.63%
1993	$9.13B	-6.52%
1992	$9.77B	N/A