Bank of America (BAC) Financial Statements

Price: $42.13
Market Cap: $323.93B
Avg Volume: 38.69M
Country: US
Industry: Banks - Diversified
Sector: Financial Services
Beta: 1.338
52W Range: $24.96-44.44
Website: Bank of America

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