← JPMORGAN CHASE & CO
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $37.7b | $49.6b | $58.5b | $57.0b | |
| Net Income (Loss) Attributable to Parent | $24.7b | $24.4b | $32.5b | $36.4b | $29.1b | $48.3b | $37.7b | $49.6b | $58.5b | $57.0b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $22.6b | $22.6b | $30.7b | $34.6b | $27.4b | $46.5b | $35.9b | $47.8b | $56.9b | $55.7b | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | $315.0m | $339.0m | $292.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $7.1b | $7.5b | $7.9b | $8.8b | |
| Depreciation, Amortization and Accretion, Net | $5.5b | $6.2b | $7.8b | $8.4b | $8.6b | $7.9b | $7.1b | $7.5b | $7.9b | $8.8b | |
| Deferred Income Tax | — | — | — | — | — | — | ($2.7b) | ($4.5b) | $2.0b | $5.6b | |
| Deferred Income Tax Expense (Benefit) | $4.7b | $2.3b | $1.7b | $949.0m | ($4.0b) | $3.7b | ($2.7b) | ($4.5b) | $2.0b | $5.6b | |
| Deferred Tax | — | — | — | — | — | — | ($2.7b) | ($4.5b) | $2.0b | $5.6b | |
| Deferred tax (benefit)/expense | $4.7b | $2.3b | $1.7b | $949.0m | ($4.0b) | $3.7b | ($2.7b) | ($4.5b) | $2.0b | $5.6b | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $1.9b | $2.1b | $2.3b | $2.3b | $2.5b | $2.9b | $2.8b | $3.1b | $3.5b | $3.6b | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $6.2b | $9.5b | $10.5b | $11.3b | |
| Income Tax Expense (Benefit) | $9.8b | $11.5b | $8.3b | $8.1b | $6.3b | $11.2b | $8.5b | $12.1b | $16.6b | $15.5b | |
| Operating Lease, Lease Income | — | — | — | $5.5b | $5.5b | $4.9b | $3.7b | $2.8b | $2.8b | $3.8b | |
| Additional Financial Items | |||||||||||
| Accounts payable and other liabilities | $3.7b | ($8.5b) | $14.6b | ($352.0m) | $7.8b | $43.2b | $58.6b | ($25.4b) | ($90.0m) | $5.3b | |
| Accrued interest and accounts receivable | ($5.8b) | ($15.9b) | ($5.8b) | ($78.0m) | ($18.0b) | ($12.4b) | ($23.0b) | $19.9b | $5.7b | ($11.5b) | |
| Beginning Cash Position | — | — | — | — | — | — | $740.8b | $567.2b | $624.2b | $469.3b | |
| Beneficial interests issued by consolidated VIEs | ($5.7b) | ($1.4b) | $1.7b | $4.3b | $1.3b | ($4.3b) | $2.2b | $9.0b | $1.5b | ($622.0m) | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($126.3b) | ($25.6b) | $63.4b | $269.5b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($137.8b) | $67.6b | ($163.4b) | ($265.6b) | |
| Cash and due from banks and deposits with banks at the beginning of the period | $361.7b | $391.2b | $431.3b | $263.6b | $527.6b | $740.8b | $567.2b | $624.2b | $469.3b | $343.3b | |
| Change In Account Payable | — | — | — | — | — | — | $58.6b | ($25.4b) | ($90.0m) | $5.3b | |
| Change In Other Current Assets | — | — | — | — | — | — | ($2.9b) | $33.0b | ($7.7b) | ($12.6b) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($76.0m) | ($83.7b) | ($112.2b) | ($200.0b) | |
| Change In Payable | — | — | — | — | — | — | $58.6b | ($25.4b) | ($90.0m) | $5.3b | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $58.6b | ($25.4b) | ($90.0m) | $5.3b | |
| Change In Receivables | — | — | — | — | — | — | ($23.0b) | $19.9b | $5.7b | ($11.5b) | |
| Change In Working Capital | — | — | — | — | — | — | $32.7b | ($56.2b) | ($114.2b) | ($218.8b) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($23.0b) | $19.9b | $5.7b | ($11.5b) | |
| Changes In Cash | — | — | — | — | — | — | ($157.0b) | $55.0b | ($142.0b) | ($143.8b) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | ($395.0m) | $258.0m | $802.0m | ($345.0m) | ($2.4b) | ($3.2b) | ($1.0b) | ($57.0m) | |
| Deposits | $97.3b | $57.0b | $26.7b | $101.0b | $602.8b | $293.8b | ($136.9b) | ($32.2b) | $3.3b | $153.2b | |
| End Cash Position | — | — | — | — | — | — | $567.2b | $624.2b | $469.3b | $343.3b | |
| Estimated bargain purchase gain associated with the First Republic acquisition | — | — | — | — | — | $0 | $0 | ($2.8b) | ($103.0m) | $0 | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | ($172.0m) | — | — | — | — | — | — | — | — | — | |
| Federal funds purchased and securities loaned or sold under repurchase agreements | $13.0b | ($6.7b) | $23.4b | $1.3b | $31.5b | ($20.8b) | $8.5b | $13.8b | $80.3b | $145.5b | |
| Federal funds sold and securities purchased under resale agreements | ($17.5b) | $31.4b | ($123.2b) | $72.4b | ($47.1b) | $34.5b | ($54.3b) | $39.7b | ($18.7b) | ($41.3b) | |
| Financing Cash Flow | — | — | — | — | — | — | ($126.3b) | ($25.6b) | $63.4b | $269.5b | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $16.3b | ($9.1b) | — | — | — | — | |
| Free Cash Flow | — | — | — | — | — | — | $107.1b | $13.0b | ($42.0b) | ($147.8b) | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | ($43.0m) | $261.0m | ($186.0m) | $56.0m | $154.0m | $208.0m | |
| Gain (Loss) on Sales of Loans, Net | $245.0m | ($93.0m) | — | $394.0m | ($36.0m) | $253.0m | ($48.0m) | $62.0m | $113.0m | $148.0m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $0 | $0 | ($8.0b) | $0 | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $0 | ($2.8b) | — | — | |
| Goodwill | $47.3b | $47.5b | $47.5b | $47.8b | $49.2b | $50.3b | $51.7b | $52.6b | $52.6b | $52.7b | |
| Initial gain on the Visa share exchange | — | — | — | — | — | — | $0 | $0 | ($8.0b) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($137.8b) | $67.6b | ($163.4b) | ($265.6b) | |
| Investment Income, Interest | $7.3b | $7.4b | $7.2b | $9.3b | $9.0b | $7.5b | $11.3b | $18.7b | $23.1b | $28.0b | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $0 | $2.5b | $3.0b | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($9.9b) | ($2.4b) | $0 | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | ($7.4b) | $0 | ($7.3b) | $0 | |
| Net cash used in First Republic Acquisition | — | — | — | — | — | $0 | $0 | ($9.9b) | ($2.4b) | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | — | ($2.8b) | ($8.0b) | — | |
| Originations and purchases of loans held-for-sale | ($61.1b) | ($94.6b) | ($102.1b) | ($71.0b) | ($166.5b) | ($347.9b) | ($149.2b) | ($115.2b) | ($212.2b) | ($260.8b) | |
| Other | $1.8b | $2.1b | $2.7b | $2.0b | $1.6b | $3.3b | $5.2b | $4.3b | $2.0b | $1.3b | |
| Other Non Cash Items | — | — | — | — | — | — | $26.1b | $7.3b | $1.1b | ($14.7b) | |
| Other assets | ($4.5b) | $4.3b | ($8.8b) | ($17.9b) | ($42.4b) | ($11.7b) | ($2.9b) | $33.0b | ($7.7b) | ($12.6b) | |
| Other changes in loans, net | ($81.0b) | ($61.6b) | ($81.6b) | ($53.7b) | ($50.3b) | ($91.8b) | ($129.0b) | ($88.3b) | ($83.2b) | ($188.5b) | |
| Other operating adjustments | ($1.8b) | $7.8b | $295.0m | $5.7b | $3.1b | ($398.0m) | $2.3b | $4.6b | $6.2b | $9.6b | |
| Payments of long-term borrowings | ($68.9b) | ($83.1b) | ($76.3b) | ($69.6b) | ($105.1b) | ($54.9b) | ($45.6b) | ($64.9b) | ($96.6b) | ($108.1b) | |
| Preferred Stock Issuance | — | — | — | — | — | — | $0 | $0 | $2.5b | $3.0b | |
| Preferred Stock Payments | — | — | — | — | — | — | ($7.4b) | $0 | ($9.8b) | ($3.0b) | |
| Proceeds from issuance of preferred stock | $0 | $1.3b | $1.7b | $5.0b | $4.5b | $7.3b | $0 | $0 | $2.5b | $3.0b | |
| Proceeds from long-term borrowings | $83.1b | $56.3b | $71.7b | $61.1b | $78.7b | $82.4b | $78.4b | $75.4b | $109.9b | $120.8b | |
| Proceeds from paydowns and maturities | $66.0b | $56.1b | $37.4b | $52.2b | $57.7b | $50.1b | $39.2b | $53.7b | $38.5b | $37.4b | |
| Proceeds from sales | $48.6b | $90.2b | $46.1b | $70.2b | $149.8b | $162.7b | $84.6b | $108.4b | $104.6b | $141.3b | |
| Proceeds from sales, securitizations and paydowns of loans held-for-sale | $60.2b | $93.3b | $93.5b | $79.2b | $175.5b | $336.4b | $167.7b | $116.4b | $205.3b | $235.2b | |
| Provision for Loan, Lease, and Other Losses | $5.4b | $5.3b | $4.9b | $5.6b | $17.5b | ($9.3b) | $6.4b | $9.3b | $10.7b | $14.2b | |
| Provision for credit losses | $5.4b | $5.3b | $4.9b | $5.6b | $17.5b | ($9.3b) | $6.4b | $9.3b | $10.7b | $14.2b | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($9.9b) | ($2.4b) | $0 | |
| Purchases | ($124.0b) | ($105.3b) | ($95.1b) | ($242.1b) | ($397.1b) | ($248.8b) | ($126.3b) | ($115.5b) | ($352.7b) | ($308.8b) | |
| Redemption of preferred stock | $0 | $1.3b | ($1.7b) | ($4.1b) | ($1.4b) | ($2.6b) | ($7.4b) | $0 | ($9.8b) | ($3.0b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($10.6b) | ($9.8b) | ($28.7b) | ($34.6b) | |
| Securities borrowed | $2.3b | ($8.7b) | ($6.9b) | ($27.6b) | ($20.7b) | ($45.6b) | $20.2b | ($14.9b) | ($18.8b) | ($66.6b) | |
| Short-term borrowings | ($2.5b) | $16.5b | ($678.0m) | ($28.6b) | $4.4b | $0 | ($9.0b) | ($1.9b) | ($999.0m) | $0 | |
| Trading assets | ($20.0b) | $5.7b | ($38.4b) | ($652.0m) | ($148.7b) | $85.7b | ($31.4b) | ($74.1b) | ($95.7b) | ($156.5b) | |
| Trading liabilities | $5.2b | ($26.3b) | $18.3b | ($14.5b) | $77.2b | ($23.2b) | $11.2b | $5.3b | $2.3b | $23.1b | |
| Treasury stock repurchased | ($9.1b) | ($15.4b) | ($20.0b) | ($24.0b) | ($6.5b) | ($18.4b) | ($3.2b) | ($9.8b) | ($18.8b) | ($31.6b) | |
| Net Cash Provided by (Used in) Operating Activities | $20.2b | ($2.5b) | $14.2b | $6.0b | ($79.9b) | $78.1b | $107.1b | $13.0b | ($42.0b) | ($147.8b) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | $9.9b | $2.4b | $0 | |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | — | — | — | — | — | — | — | $339.0m | $0 | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $12.5b | $95.6b | ($114.9b) | ($80.7b) | |
| Purchase Of Investment | — | — | — | — | — | — | ($159.9b) | ($119.6b) | ($357.4b) | ($314.2b) | |
| Proceeds from sales and securitizations of loans held-for-investment | $15.4b | $15.8b | $29.8b | $62.1b | $23.6b | $35.8b | $44.9b | $47.3b | $57.9b | $57.6b | |
| Sale Of Investment | — | — | — | — | — | — | $172.4b | $215.2b | $242.5b | $233.5b | |
| All other investing activities, net | ($2.8b) | ($563.0m) | ($5.0b) | ($5.0b) | ($7.3b) | ($11.0b) | ($11.9b) | ($16.7b) | ($2.1b) | ($12.7b) | |
| Net Other Investing Changes | — | — | — | — | — | — | ($11.9b) | ($16.7b) | ($2.1b) | ($12.7b) | |
| Payments for (Proceeds from) Other Investing Activities | $2.8b | $563.0m | $5.0b | $5.0b | $7.3b | $11.0b | $11.9b | $16.7b | $2.1b | $12.7b | |
| Net cash (used in)/provided by investing activities | ($114.9b) | ($10.3b) | ($198.0b) | ($54.0b) | ($261.9b) | ($129.3b) | ($137.8b) | $67.6b | ($163.4b) | ($265.6b) | |
| Net Cash Provided by (Used in) Investing Activities | ($114.9b) | ($10.3b) | ($198.0b) | ($54.0b) | ($261.9b) | ($129.3b) | ($137.8b) | $67.6b | ($163.4b) | ($265.6b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $78.4b | $75.4b | $109.9b | $120.8b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $78.4b | $75.4b | $109.9b | $120.8b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $23.9b | $8.6b | $20.7b | $22.1b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $32.9b | $10.5b | $13.3b | $12.7b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($9.0b) | ($1.9b) | $7.4b | $9.4b | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $66.0b | $56.1b | $37.4b | $52.2b | $57.7b | $50.1b | $39.2b | $53.7b | $38.5b | $37.4b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($45.6b) | ($64.9b) | ($96.6b) | ($108.1b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($45.6b) | ($64.9b) | ($96.6b) | ($108.1b) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($3.2b) | ($9.8b) | ($18.8b) | ($31.6b) | |
| Common Stock Payments | — | — | — | — | — | — | ($3.2b) | ($9.8b) | ($18.8b) | ($31.6b) | |
| Payments for Repurchase of Common Stock | — | $15.4b | $20.0b | $24.0b | $6.5b | $18.4b | $3.2b | $9.8b | $18.8b | $31.6b | |
| Cash Dividends Paid | — | — | — | — | — | — | ($13.6b) | ($13.5b) | ($14.8b) | ($16.6b) | |
| Dividends paid | $8.5b | $9.0b | $10.1b | $12.3b | $12.7b | $12.9b | $13.6b | $13.5b | $14.8b | $16.6b | |
| Payments of Dividends | $8.5b | $9.0b | $10.1b | $12.3b | $12.7b | $12.9b | $13.6b | $13.5b | $14.8b | $16.6b | |
| All other financing activities, net | ($467.0m) | $407.0m | ($1.4b) | ($1.1b) | ($927.0m) | ($1.5b) | $234.0m | ($1.5b) | ($1.5b) | ($2.4b) | |
| Net Other Financing Charges | — | — | — | — | — | — | $2.4b | $7.5b | $74.0m | ($3.0b) | |
| Proceeds from (Payments for) Other Financing Activities | ($467.0m) | $407.0m | ($1.4b) | ($1.1b) | ($927.0m) | ($1.5b) | $234.0m | ($1.5b) | ($1.5b) | ($2.4b) | |
| Net Cash Provided by (Used in) Financing Activities | $98.3b | $14.6b | $34.2b | $33.0b | $596.6b | $276.0b | ($126.3b) | ($25.6b) | $63.4b | $269.5b | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($16.6b) | $1.9b | ($12.9b) | $17.8b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($182.0m) | $9.2b | ($11.5b) | ($16.6b) | $1.9b | ($12.9b) | $17.8b | |
| Effect of exchange rate changes on cash and due from banks and deposits with banks | ($1.5b) | $8.1b | ($2.9b) | ($182.0m) | $9.2b | ($11.5b) | ($16.6b) | $1.9b | ($12.9b) | $17.8b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($15.2b) | $264.0b | $213.2b | ($173.6b) | $56.9b | ($154.8b) | ($126.0b) | |
| Net increase/(decrease) in cash and due from banks and deposits with banks | $29.5b | $40.1b | ($152.5b) | ($15.2b) | $264.0b | $213.2b | ($173.6b) | $56.9b | ($154.8b) | ($126.0b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $263.6b | $527.6b | $740.8b | $567.2b | $624.2b | $469.3b | $343.3b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($173.6b) | $56.9b | ($154.8b) | ($126.0b) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $9.5b | $14.2b | $21.2b | $29.9b | $13.1b | $5.1b | $23.1b | $77.1b | $99.6b | $96.4b | |
| Income Taxes Paid, Net | $2.4b | $4.3b | $3.5b | $5.6b | $7.7b | $18.7b | $4.4b | $9.9b | $11.7b | $5.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.