Bank of America (BAC) Financials

$308.6 B

Mkt cap, 23-May-2018

$27.1 B

Revenue Q1, 2018
Gross profit (Q1, 2018)23.1 B
Gross profit margin (Q1, 2018), %85.3%
Net income (Q1, 2018)6.9 B
EBIT (Q1, 2018)11.6 B
Cash, 31-Mar-2018204.2 B
EV374.7 B

Revenue/Financials

Income Statement

Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

138.6 b159.4 b147.7 b

PP&E

10 b9.5 b9.1 b

Goodwill

69.8 b69.8 b69 b

Total Assets

2.1 t2.1 t2.2 t

Accounts Payable

1.1 t1.2 t1.3 t

Short-term debt

31.2 b28.1 b23.9 b

Long-term debt

243.1 b236.8 b216.8 b

Total Debt

274.3 b264.9 b240.8 b

Total Liabilities

1.9 t1.9 t1.9 t

Common Stock

153.5 b151 b147 b

Preferred Stock

19.3 b22.3 b25.2 b

Retained Earnings

75 b88.6 b101.9 b

Total Equity

243.5 b256.2 b266.8 b

Debt to Equity Ratio

1.1 x1 x0.9 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

8.6 x8.4 x8.2 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

152 b153 b129 b163 b164 b170 b180 b171 b143 b168 b159 b172.4 b204.2 b

PP&E

10.4 b10.1 b10 b9.8 b9.7 b9.6 b9.4 b9.2 b9.1 b9.3 b8.9 b9 b9.4 b

Goodwill

69.8 b69.8 b69.8 b69.8 b69.8 b69.8 b69.8 b69.7 b69.7 b69 b69 b69 b69 b

Total Assets

2.2 t2.2 t2.1 t2.1 t2.2 t2.2 t2.2 t2.2 t2.2 t2.3 t2.3 t2.3 t2.3 t

Accounts Payable

1.1 t1.1 t1.1 t1.2 t1.2 t1.2 t1.2 t1.2 t1.2 t1.3 t1.3 t1.3 t1.3 t

Short-term debt

51.4 b45.9 b33.3 b33.3 b39.9 b34.5 b30.9 b33.1 b26.9 b44.2 b36.5 b32.7 b38.1 b

Long-term debt

255 b257 b250 b238 b243 b237 b233 b230 b225 b221 b224 b228.7 b232.3 b

Total Debt

306.4 b302.9 b283.3 b271.3 b282.9 b271.5 b263.9 b263.1 b251.9 b265.2 b260.5 b261.3 b270.3 b

Total Liabilities

1.9 t1.9 t1.9 t1.9 t1.9 t1.9 t1.9 t1.9 t1.9 t2 t2 t2 t2.1 t

Common Stock

153.7 b153.5 b153.5 b153.4 b152.6 b151.8 b150.8 b149.6 b148.3 b144.8 b142.7 b142.8 b

Preferred Stock

13.4 b14.8 b72.8 b22.3 b22.3 b22.3 b24.3 b25.2 b25.2 b25.2 b25.2 b22.3 b

Retained Earnings

71.9 b73.8 b72.8 b77.5 b81.9 b85.5 b90.3 b93.6 b98.3 b105 b110 b113.5 b120.3 b

Total Equity

232 b237 b239 b250 b252 b256 b263 b267 b270 b268 b271 b272.5 b266.2 b

Debt to Equity Ratio

1.3 x1.3 x1.2 x1.1 x1.1 x1.1 x1 x1 x0.9 x1 x1 x1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

9.3 x9.2 x8.9 x8.6 x8.5 x8.4 x8.3 x8.2 x8.1 x8.4 x8.3 x8.4 x8.7 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

4.8 b15.9 b17.9 b

Depreciation and Amortization

2.5 b2.4 b2.2 b

Cash From Operating Activities

26.7 b27.7 b18.3 b

Cash From Investing Activities

(4.2 b)(55 b)(63.1 b)

Dividends Paid

(2.3 b)(3.6 b)(4.2 b)

Cash From Financing Activities

(12.2 b)48.6 b33 b

Net Change in Cash

7.3 b20.8 b(11.6 b)

Interest Paid

11.1 b10.6 b10.5 b

Income Taxes Paid

2.6 b2.3 b1.6 b

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(276 m)2 b1.8 b3.4 b8.7 b13.2 b2.7 b6.9 b13.2 b4.9 b10.1 b15.7 b6.9 b

Depreciation and Amortization

629 m1.3 b1.9 b608 m1.2 b1.8 b566 m1.5 b1.7 b534 m1.1 b1.9 b

Cash From Operating Activities

22.7 b27.5 b27.1 b(4.7 b)(12.6 b)22.3 b10.8 b26.1 b26.7 b(12.8 b)(3 b)17.5 b40.4 b

Cash From Investing Activities

(29.4 b)(43.8 b)(31.9 b)(8.6 b)(18.4 b)(32.3 b)(21.4 b)(30.5 b)(63 b)(14 b)(24.2 b)(40 b)(22.8 b)

Dividends Paid

(344 m)(704 m)(1.5 b)(846 m)(1.8 b)(2.7 b)(974 m)(1.9 b)(3 b)(1.3 b)(2.4 b)(4.1 b)(1.7 b)

Cash From Financing Activities

27 b37.7 b3.5 b38.5 b56.3 b42.4 b29.4 b14 b17.8 b46.3 b36.7 b45.4 b28.6 b

Net Change in Cash

24 b21.6 b(2.7 b)24 b24.9 b31.8 b20.3 b11.9 b(15.9 b)20.3 b11 b24.6 b

Ratios

USDY, 2018

EV/EBIT

32.3 x

EV/CFO

9.3 x

Financial Leverage

8.7 x
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Operating Metrics

Bank of America's Total Loans was reported to be $918.1b in Q3, 2017. Bank of America's Registered Users was reported to be 34.9 m in FY, 2017.
FY, 2012FY, 2013FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

Mobile Banking Users

14.40 m16.54 m18.71 m21.65 m24.24 m

Total Loans

$898.77 b$918.64 b$898.70 b$867.17 b$876.18 b$877.43 b$876.79 b$892.98 b$899.67 b$900.59 b$900.43 b$914.14 b$914.72 b$918.13 b

Non-performing Loans

$23.56 b$17.77 b$12.63 b$12.10 b$11.57 b$10.34 b$9.84 b$9.28 b$8.80 b$8.74 b$8.08 b$7.64 b$7.13 b$6.87 b

Countries

35 35 35

ATMs

16.26 k15.84 k16.04 k15.93 k

Customers (Online Banking)

29.95 b30.90 m34 m

Customers (Households)

47 m46 m

Registered Users

31.67 m32.94 m34.86 m
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