Bank of America (BAC) Financial Statements
Price: $42.13
Market Cap: $323.93B
Avg Volume: 38.69M
Market Cap: $323.93B
Avg Volume: 38.69M
Country: US
Industry: Banks - Diversified
Sector: Financial Services
Industry: Banks - Diversified
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Bank of America.
Income Statement
Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue | $95.79B | $92.41B | $93.71B | $74.21B | $85.58B | $87.74B | $83.73B | $80.10B | $79.80B | $83.62B |
Cost of Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Gross Profit | $95.79B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Gross Profit Ratio | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
General and Administrative Expenses | $8.87B | $8.42B | $7.54B | $6.92B | $6.24B | $6.25B | $6.42B | $5.72B | $6.20B | $6.88B |
Selling and Marketing Expenses | $1.93B | $1.82B | $1.94B | $1.70B | $1.93B | $1.67B | $1.75B | $1.70B | $1.81B | $1.83B |
Selling General and Administrative Expenses | $56.29B | $53.76B | $52.76B | $48.48B | $46.74B | $46.19B | $46.36B | $45.29B | $46.90B | $48.88B |
Other Expenses | $-47.72B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Operating Expenses | $56.29B | $53.76B | $52.76B | $48.48B | $46.74B | $46.19B | $46.36B | $45.29B | $46.90B | $48.88B |
Cost and Expenses | $56.29B | $53.76B | $52.76B | $48.48B | $46.74B | $46.19B | $46.36B | $45.29B | $46.90B | $48.88B |
Interest Income | $130.26B | $72.56B | $47.67B | $51.59B | $71.24B | $66.77B | $57.58B | $51.06B | $49.80B | $50.89B |
Interest Expense | $73.33B | $20.10B | $4.74B | $8.22B | $22.34B | $18.61B | $12.91B | $9.96B | $10.55B | $10.93B |
Depreciation and Amortization | $2.06B | $1.98B | $1.90B | $1.84B | $1.73B | $2.06B | $2.10B | $2.24B | $834.00M | $936.00M |
EBITDA | $30.37B | $32.95B | $35.87B | $20.84B | $34.48B | $36.65B | $31.32B | $25.75B | $23.02B | $9.84B |
EBITDA Ratio | 31.71% | 34.70% | 40.26% | 28.08% | 40.29% | 41.77% | 37.40% | 32.15% | 28.85% | 11.76% |
Operating Income | $39.50B | $38.64B | $40.95B | $25.73B | $38.84B | $41.55B | $37.37B | $34.82B | $32.91B | $34.74B |
Operating Income Ratio | 41.24% | 41.82% | 43.70% | 34.67% | 45.38% | 47.36% | 44.63% | 43.46% | 41.24% | 41.55% |
Total Other Income Expenses Net | $-11.16B | $-7.67B | $-6.97B | $-6.73B | $-6.09B | $-6.97B | $-8.16B | $-9.80B | $-10.72B | $-26.78B |
Income Before Tax | $28.34B | $30.97B | $33.98B | $19.00B | $32.75B | $34.58B | $29.21B | $25.02B | $22.19B | $7.96B |
Income Before Tax Ratio | 29.59% | 33.51% | 36.26% | 25.60% | 38.27% | 39.42% | 34.89% | 31.24% | 27.80% | 9.52% |
Income Tax Expense | $1.83B | $3.44B | $2.00B | $1.10B | $5.32B | $6.44B | $10.98B | $7.20B | $6.28B | $2.44B |
Net Income | $26.52B | $27.53B | $31.98B | $17.89B | $27.43B | $28.15B | $18.23B | $17.82B | $15.91B | $5.52B |
Net Income Ratio | 27.68% | 29.79% | 34.13% | 24.11% | 32.05% | 32.08% | 21.77% | 22.25% | 19.94% | 6.60% |
EPS | $3.10 | $3.21 | $3.60 | $1.88 | $2.77 | $2.64 | $1.63 | $1.57 | $1.38 | $0.43 |
EPS Diluted | $3.08 | $3.19 | $3.57 | $1.87 | $2.75 | $2.61 | $1.56 | $1.49 | $1.31 | $0.42 |
Weighted Average Shares Outstanding | 8.03B | 8.11B | 8.49B | 8.75B | 9.39B | 10.10B | 10.20B | 10.28B | 10.46B | 10.53B |
Weighted Average Shares Outstanding Diluted | 8.08B | 8.17B | 8.56B | 8.80B | 9.44B | 10.24B | 10.78B | 11.05B | 11.24B | 10.58B |
SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
---|---|---|---|---|---|---|---|---|---|---|
Cash and Cash Equivalents | $341.42B | $237.46B | $355.37B | $387.01B | $168.67B | $184.90B | $168.59B | $157.60B | $167.10B | $146.10B |
Short Term Investments | $266.65B | $220.79B | $299.18B | $234.49B | $245.64B | $229.37B | $315.12B | $313.66B | $322.38B | $320.69B |
Cash and Short Term Investments | $-27.89B | $458.25B | $654.54B | $621.50B | $414.31B | $414.26B | $471.22B | $451.54B | $489.48B | $466.79B |
Net Receivables | $96.70B | $81.02B | $87.47B | $81.16B | $75.66B | $88.19B | $83.58B | $81.00B | $85.52B | $86.56B |
Inventory | $-68.81B | $-868.81B | $-925.53B | $-954.26B | $-729.26B | $-726.43B | $-652.55B | $-605.84B | $- | $- |
Other Current Assets | $981.00B | $868.81B | $925.53B | $954.26B | $729.26B | $726.43B | $652.55B | $605.84B | $- | $- |
Total Current Assets | $981.00B | $539.27B | $742.02B | $702.66B | $489.96B | $502.46B | $554.80B | $532.53B | $575.00B | $553.35B |
Property Plant Equipment Net | $11.86B | $11.51B | $10.83B | $11.00B | $10.56B | $9.91B | $9.25B | $9.14B | $9.48B | $10.05B |
Goodwill | $69.02B | $69.02B | $69.02B | $68.95B | $68.95B | $68.95B | $68.95B | $68.97B | $69.76B | $69.78B |
Intangible Assets | $400.00M | $- | $- | $- | $- | $- | $2.30B | $5.67B | $6.86B | $8.14B |
Goodwill and Intangible Assets | $69.02B | $69.02B | $69.02B | $68.95B | $68.95B | $68.95B | $71.25B | $74.64B | $76.62B | $77.92B |
Long Term Investments | $1.02T | $1.16T | $1.23T | $883.70B | $702.02B | $536.74B | $543.21B | $504.88B | $583.53B | $572.25B |
Tax Assets | $1.52T | $13.35B | $20.61B | $20.00B | $16.69B | $17.59B | $19.46B | $28.74B | $- | $- |
Other Non-Current Assets | $-416.61B | $-13.35B | $-20.61B | $-20.00B | $-16.69B | $-17.59B | $-19.46B | $-28.74B | $-669.63B | $-660.21B |
Total Non-Current Assets | $2.20T | $1.24T | $1.31T | $963.65B | $781.53B | $615.60B | $623.71B | $588.66B | $669.63B | $660.21B |
Other Assets | $275.00M | $1.27T | $1.12T | $1.15T | $1.16T | $1.24T | $1.10T | $1.07T | $899.69B | $890.97B |
Total Assets | $3.18T | $3.05T | $3.17T | $2.82T | $2.43T | $2.35T | $2.28T | $2.19T | $2.14T | $2.10T |
Account Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Short Term Debt | $32.10B | $26.93B | $23.75B | $19.32B | $24.20B | $20.19B | $32.67B | $23.94B | $28.10B | $31.17B |
Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Other Current Liabilities | $926.46B | $-26.93B | $-23.75B | $-19.32B | $-24.20B | $-20.19B | $9.87B | $10.65B | $14.07B | $13.31B |
Total Current Liabilities | $958.56B | $26.93B | $23.75B | $19.32B | $24.20B | $20.19B | $42.54B | $34.59B | $42.17B | $44.48B |
Long Term Debt | $302.20B | $275.98B | $280.12B | $262.93B | $240.86B | $229.34B | $227.40B | $216.82B | $236.76B | $243.14B |
Deferred Revenue Non-Current | $- | $- | $268.66B | $250.38B | $230.61B | $222.49B | $-6.84B | $-9.14B | $- | $- |
Deferred Tax Liabilities Non-Current | $- | $- | $11.45B | $12.55B | $10.25B | $6.85B | $6.84B | $9.14B | $- | $- |
Other Non-Current Liabilities | $1.63T | $2.22T | $-280.12B | $-262.93B | $-240.86B | $-229.34B | $1.74T | $1.67T | $1.61T | $1.57T |
Total Non-Current Liabilities | $1.93T | $2.50T | $280.12B | $262.93B | $240.86B | $229.34B | $1.97T | $1.89T | $1.85T | $1.82T |
Other Liabilities | $275.00M | $252.96B | $2.60T | $2.26T | $1.90T | $1.84T | $- | $- | $- | $- |
Total Liabilities | $2.89T | $2.78T | $2.90T | $2.55T | $2.17T | $2.09T | $2.01T | $1.92T | $1.89T | $1.86T |
Preferred Stock | $28.40B | $28.40B | $24.71B | $24.51B | $23.40B | $22.33B | $22.32B | $25.22B | $22.27B | $19.31B |
Common Stock | $56.37B | $58.95B | $62.40B | $85.98B | $91.72B | $118.90B | $138.09B | $147.04B | $151.04B | $153.46B |
Retained Earnings | $224.67B | $207.00B | $188.06B | $164.09B | $156.32B | $136.31B | $113.82B | $101.87B | $88.56B | $75.02B |
Accumulated Other Comprehensive Income Loss | $-17.79B | $-21.16B | $-5.10B | $-1.66B | $-6.63B | $-12.21B | $-7.08B | $-7.29B | $-5.67B | $-4.32B |
Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Stockholders Equity | $291.65B | $273.20B | $270.07B | $272.92B | $264.81B | $265.32B | $267.15B | $266.84B | $256.20B | $243.47B |
Total Equity | $291.65B | $273.20B | $270.07B | $272.92B | $264.81B | $265.32B | $267.15B | $266.84B | $256.20B | $243.47B |
Total Liabilities and Stockholders Equity | $3.18T | $3.05T | $3.17T | $2.82T | $2.43T | $2.35T | $2.28T | $2.19T | $2.14T | $2.10T |
Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Liabilities and Total Equity | $3.18T | $3.05T | $3.17T | $2.82T | $2.43T | $2.35T | $2.28T | $2.19T | $2.14T | $2.10T |
Total Investments | $358.85B | $1.38T | $1.53T | $1.12T | $947.66B | $766.10B | $845.85B | $798.82B | $905.91B | $892.94B |
Total Debt | $334.30B | $302.91B | $303.87B | $282.25B | $265.06B | $249.53B | $260.07B | $240.77B | $264.86B | $274.31B |
Net Debt | $-7.12B | $65.45B | $-51.49B | $-104.75B | $96.39B | $64.63B | $91.48B | $83.17B | $97.77B | $128.21B |
Cash Flow Statement
Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
---|---|---|---|---|---|---|---|---|---|---|
Net Income | $26.52B | $27.53B | $31.98B | $17.89B | $27.43B | $28.15B | $18.23B | $17.91B | $15.89B | $4.83B |
Depreciation and Amortization | $2.06B | $1.98B | $1.90B | $1.84B | $1.73B | $2.06B | $2.10B | $2.24B | $2.39B | $2.52B |
Deferred Income Tax | $-2.01B | $739.00M | $-838.00M | $-1.74B | $2.44B | $3.04B | $8.18B | $5.84B | $3.11B | $726.00M |
Stock Based Compensation | $2.94B | $2.86B | $2.77B | $2.03B | $1.97B | $1.73B | $1.65B | $1.24B | $-89.00M | $2.30B |
Change in Working Capital | $2.73B | $-51.94B | $-39.92B | $-326.00M | $13.17B | $1.26B | $-29.12B | $-14.70B | $6.48B | $18.70B |
Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Other Working Capital | $2.73B | $-51.94B | $-39.92B | $-326.00M | $13.17B | $1.26B | $-29.12B | $-14.70B | $6.48B | $18.70B |
Other Non Cash Items | $12.75B | $12.51B | $-3.08B | $18.29B | $15.04B | $3.28B | $9.37B | $5.79B | $-4.68B | $-3.65B |
Net Cash Provided by Operating Activities | $44.98B | $-6.33B | $-7.19B | $37.99B | $61.78B | $39.52B | $10.40B | $18.31B | $27.73B | $26.74B |
Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1.16B |
Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.16B |
Purchases of Investments | $-291.06B | $-159.06B | $-601.13B | $-452.41B | $-189.90B | $-112.62B | $-192.06B | $-228.96B | $-255.99B | $-293.85B |
Sales Maturities of Investments | $286.82B | $243.16B | $291.39B | $262.44B | $165.89B | $102.42B | $183.88B | $199.12B | $243.27B | $248.24B |
Other Investing Activities | $-31.15B | $-86.63B | $-3.55B | $12.30B | $-56.62B | $-61.27B | $-43.82B | $-33.30B | $-42.24B | $41.40B |
Net Cash Used for Investing Activities | $-35.39B | $-2.53B | $-313.29B | $-177.66B | $-80.63B | $-71.47B | $-52.01B | $-63.14B | $-54.95B | $-4.20B |
Debt Repayment | $-20.82B | $-34.05B | $-46.83B | $-47.95B | $-50.79B | $-53.05B | $-49.55B | $-51.85B | $-40.37B | $-53.75B |
Common Stock Issued | $- | $4.43B | $374.25B | $420.19B | $91.52B | $138.32B | $117.66B | $94.14B | $94.92B | $45.54B |
Common Stock Repurchased | $-4.58B | $-5.73B | $-27.10B | $-8.10B | $-30.71B | $-24.61B | $-12.81B | $-5.11B | $-2.37B | $-1.68B |
Dividends Paid | $-9.09B | $-8.58B | $-8.05B | $-7.73B | $-5.93B | $-6.89B | $-5.70B | $-4.19B | $-3.57B | $-2.31B |
Other Financing Activities | $86.18B | $-62.11B | $-620.00M | $-601.00M | $-698.00M | $-651.00M | $-397.00M | $-8.00M | $-23.00M | $-10.00M |
Net Cash Used Provided by Financing Activities | $93.34B | $-106.04B | $291.65B | $355.82B | $3.38B | $53.12B | $49.20B | $32.98B | $48.59B | $-12.20B |
Effect of Forex Changes on Cash | $-70.00M | $-3.12B | $-3.41B | $2.76B | $-368.00M | $-1.20B | $2.10B | $240.00M | $-597.00M | $-3.07B |
Net Change in Cash | $102.87B | $-118.02B | $-32.24B | $218.90B | $-15.84B | $19.97B | $9.70B | $-11.62B | $20.76B | $7.27B |
Cash at End of Period | $333.07B | $230.20B | $348.22B | $380.46B | $161.56B | $177.40B | $157.43B | $147.74B | $159.35B | $138.59B |
Cash at Beginning of Period | $230.20B | $348.22B | $380.46B | $161.56B | $177.40B | $157.43B | $147.74B | $159.35B | $138.59B | $131.32B |
Operating Cash Flow | $44.98B | $-6.33B | $-7.19B | $37.99B | $61.78B | $39.52B | $10.40B | $18.31B | $27.73B | $26.74B |
Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1.16B |
Free Cash Flow | $44.98B | $-6.33B | $-7.19B | $37.99B | $61.78B | $39.52B | $10.40B | $18.31B | $27.73B | $25.58B |