Bank of America is an American multinational banking and financial services corporation. The bank was established on October 17, 1904. It headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets.

Bank of America Annual Report 2015

Annual Income Statement (values in 000's)

Income Statement-

Period Ending: 12/31/2015
Total Revenue $93,056,000
Cost of Revenue $2,204,000
Gross Profit $0
Research and Development $0
Sales, General and Admin. $56,358,000
Non-Recurring Items $0
Other Operating Items $3,995,000
Operating Income $0
Add'l income/expense items $0
Earnings Before Interest and Tax $31,842,000
Interest Expense $8,345,000
Earnings Before Tax $22,154,000
Income Tax $6,266,000
Minority Interest $0
Equity Earnings/Loss Unconsolidated Subsidiary $261,000
Net Income-Cont. Operations $16,149,000
Net Income $15,888,000
Net Income Applicable to
Common Shareholders $14,405,000

Balance Sheet-

Period Ending: 12/31/2015
Current Assets
Cash and Cash Equivalents $612,987,000
Short-Term Investments $7,744,000
Net Receivables $58,312,000
Inventory $0
Other Current Assets $0
Total Current Assets $0
Long-Term Assets
Long-Term Investments $1,534,829,000
Fixed Assets $9,485,000
Goodwill $69,761,000
Intangible Assets $3,768,000
Other Assets $108,582,000
Deferred Asset Charges $0
Total Assets $2,144,316,000
Current Liabilities
Accounts Payable $146,286,000
Short-Term Debt / Current Portion of Long-Term Debt $202,389,000
Other Current Liabilities $1,197,259,000
Total Current Liabilities $0
Long-Term Debt $105,413,000
Other Liabilities $0
Deferred Liability Charges $0
Misc. Stocks $0
Minority Interest $0
Total Liabilities $1,888,111,000
Stock Holders Equity
Common Stocks $151,042,000
Capital Surplus $0
Retained Earnings $88,564,000
Treasury Stock $0
Other Equity ($5,674,000)
Total Equity $256,205,000
Total Liabilities & Equity $2,144,316,000

Bank of America Annual Report 2015




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Attached Files

Bank of America Annual Report 2015.pdf (4.80 MB, 65 views)