BAC Income Statement

Annual Quarterly

* In Millions (except for per share items) of USD

Period Ending:	2023 12-31	2022 12-31	2021 12-31	2020 12-31	2019 12-31	2018 12-31	2017 12-31	2016 12-31	2015 12-31	2014 12-31	2013 12-31	2012 12-31	2011 12-31	2010 12-31	2009 12-31	2008 12-31	2007 12-31	2006 12-31	2005 12-31	2004 12-31	2003 12-31	2002 12-31	2001 12-31	2000 12-31	1999 12-31	1998 12-31	1997 12-31	1996 12-31	1995 12-31	1994 12-31	1993 12-31	1992 12-31
Report Filing:	2024-02-20	2023-02-22	2022-02-22	2021-02-24	2020-02-19	2019-02-26	2018-02-22	2017-02-23	2016-02-24	2015-02-25	2014-02-25	2013-02-28	2012-02-23	2011-02-25	2010-02-26	2009-02-27	2008-02-28	2007-02-28	2006-03-16	2005-03-01	2004-03-01	2003-03-03	2002-03-27	2001-03-19	2000-03-20	1999-03-22	1998-03-13	1997-03-28	1996-03-29	1995-03-30	1994-03-30	1992-12-31
Revenue	98581000000	94950000000	89113000000	74208000000	85582000000	87738000000	83730000000	80104000000	79804000000	83619000000	83946000000	73565000000	86094000000	104960000000	109629000000	72243000000	62255000000	69391000000	57175000000	51017000000	38827000000	35124000000	35113000000	32956000000	32546000000	31504000000	13053000000	10042000000	8536000000	7807000000	6822000000	6260000000
Cost of Revenue	4394000000	2543000000	-4594000000	0	0	0	0	0	0	0	0	0	0	23390000000	22352000000	12777000000	9666000000	8735000000	7907000000	8032000000	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	94187000000	92407000000	93707000000	74208000000	85582000000	87738000000	83730000000	80104000000	79804000000	83619000000	83946000000	73565000000	86094000000	81570000000	87277000000	59466000000	52589000000	60656000000	49268000000	42985000000	38827000000	35124000000	35113000000	32956000000	32546000000	31504000000	13053000000	10042000000	8536000000	7807000000	6822000000	6260000000
Operating Expenses	65845000000	61438000000	59731000000	55213000000	52828000000	53154000000	54517000000	55083000000	57617000000	74720000000	68127000000	70829000000	86324000000	82893000000	82917000000	55038000000	31665000000	28683000000	24788000000	21764000000	22966000000	22133000000	24996000000	21168000000	20331000000	23456000000	8257000000	6408000000	5545000000	5252000000	4631000000	4864000000
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling, General and Administrative	56287000000	53764000000	52761000000	48483000000	46742000000	46188000000	46359000000	45287000000	46896000000	48876000000	50821000000	52555000000	64474000000	57294000000	52372000000	31887000000	29321000000	27804000000	16309000000	14822000000	11431000000	10435000000	10511000000	10021000000	9845000000	9993000000	3943000000	0	0	0	0	0
Other Operating Expenses	9558000000	7674000000	6970000000	6730000000	6086000000	6966000000	8158000000	9796000000	10721000000	25844000000	17306000000	18274000000	21850000000	25599000000	30545000000	23151000000	2344000000	879000000	8479000000	6942000000	11535000000	11698000000	14485000000	11147000000	10486000000	13463000000	4314000000	6408000000	5545000000	5252000000	4631000000	4864000000
Operating Income	28342000000	30969000000	33976000000	18995000000	32754000000	34584000000	29213000000	25021000000	22187000000	8899000000	15819000000	2736000000	-230000000	-1323000000	4360000000	4428000000	20924000000	31973000000	24480000000	21221000000	15861000000	12991000000	10117000000	11788000000	12215000000	8048000000	4796000000	3634000000	2991000000	2555000000	2191000000	1396000000
Net Interest(Non Operating)	56931000000	52462000000	42934000000	43360000000	48891000000	48162000000	44667000000	41096000000	39251000000	39952000000	42265000000	40656000000	44616000000	51523000000	47109000000	45360000000	34433000000	34591000000	30737000000	28797000000	21464000000	20923000000	20290000000	18442000000	18237000000	18298000000	7898000000	6329000000	5447000000	5211000000	4637000000	4098000000
Interest Income	130262000000	72565000000	47672000000	51585000000	71236000000	66769000000	57579000000	51057000000	49800000000	50886000000	55020000000	57400000000	66236000000	75497000000	77916000000	85684000000	87304000000	78585000000	58626000000	43227000000	31643000000	32161000000	38293000000	43258000000	37323000000	38588000000	16579000000	13796000000	13220000000	10529000000	8207000000	7780000000
Interest Expense	73331000000	20103000000	4738000000	8225000000	22345000000	18607000000	12912000000	9961000000	10549000000	10934000000	12755000000	16744000000	21620000000	23974000000	30807000000	40324000000	52871000000	43994000000	27889000000	14430000000	10179000000	11238000000	18003000000	24816000000	19086000000	20290000000	8681000000	7467000000	7773000000	5318000000	3570000000	3682000000
Equity & Other Income/(Expense)	-56931000000	-52462000000	-42934000000	-43360000000	-48891000000	-48162000000	-44667000000	-41096000000	-39251000000	-40888000000	-43351000000	-40320000000	-44616000000	-51523000000	-47109000000	-45360000000	-34433000000	-34591000000	-30737000000	-28797000000	-21464000000	-20923000000	-20290000000	-18442000000	-18237000000	-18298000000	-7898000000	-6329000000	-5447000000	-5211000000	-4837000000	-4098000000
Income Before Tax	28342000000	30969000000	33976000000	18995000000	32754000000	34584000000	29213000000	25021000000	22187000000	7963000000	14733000000	3072000000	-230000000	-1323000000	4360000000	4428000000	20924000000	31973000000	24480000000	21221000000	15861000000	12991000000	10117000000	11788000000	12215000000	8048000000	4796000000	3634000000	2991000000	2555000000	1991000000	1396000000
Income Tax Expense	1827000000	3441000000	1998000000	1101000000	5324000000	6437000000	10981000000	7199000000	6277000000	2443000000	4194000000	1116000000	-1676000000	915000000	-1916000000	420000000	5942000000	10840000000	8015000000	7078000000	5051000000	3742000000	3325000000	4271000000	4333000000	2883000000	1719000000	1259000000	1041000000	865000000	690000000	251000000
Income Attributable to Non-Controlling Interest	0	0	0	0	0	0	0	-84000000	22000000	687000000	-892000000	-802000000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-200000000	0
Net Income	26515000000	27528000000	31978000000	17894000000	27430000000	28147000000	18232000000	17906000000	15888000000	4833000000	11431000000	2758000000	1446000000	-2238000000	6276000000	4008000000	14982000000	21133000000	16465000000	14143000000	10810000000	9249000000	6792000000	7517000000	7882000000	5165000000	3077000000	2375000000	1950000000	1690000000	1501000000	1145000000
Depreciation and Amortization	2032000000	1978000000	1898000000	1843000000	1729000000	2063000000	2103000000	730000000	834000000	936000000	1086000000	1264000000	1509000000	1731000000	1978000000	1834000000	2844000000	2869000000	1768000000	1636000000	1107000000	1104000000	1732000000	1784000000	1917000000	1998000000	865000000	442000000	399000000	406000000	352000000	339000000
EBITDA	30374000000	32947000000	35874000000	20838000000	34483000000	36647000000	31316000000	25751000000	23021000000	9835000000	16905000000	4000000000	1279000000	408000000	6338000000	6262000000	23768000000	34842000000	26248000000	22857000000	16968000000	14095000000	11849000000	13572000000	14132000000	10046000000	5661000000	4076000000	3390000000	2961000000	2543000000	1735000000
Earnings Per Share (EPS)	3.1	3.21	3.6	1.88	2.77	2.79	1.63	1.57	1.38	0.43	0.86	0.26	0.01	-0.23	-0.29	0.54	3.32	4.66	4.1	3.71	3.64	3.04	2.13	2.28	2.28	1.49	1.86	2	1.78	1.53	1.45	1.15
Diluted Earnings Per Share	3.08	3.19	3.57	1.87	2.75	2.75	1.56	1.49	1.31	0.42	0.83	0.25	0.01	-0.23	-0.29	0.54	3.29	4.59	4.04	3.64	3.57	2.96	2.09	2.26	2.24	1.45	1.81	1.96	1.76	1.52	1.43	1.13
Weighted Average Shares Outstanding	8028600000	8113700000	8493299999	8753200000	9390500000	10096500000	10195600000	10284100000	10462282000	10527818000	10731165000	10746028000	10142625000	9790472000	7728570000	4592085000	4423579000	4526637000	4008688000	3758507000	2973406000	3040084000	3189914000	3292796000	3452012000	3464114000	3466388000	1180432000	1089918000	1098624000	1031833910	974782609
Diluted Weighted Average Shares Outstanding	8080500000	8167500000	8558400000	8796900000	9442900000	10236900000	10778400000	11046800000	11236230000	10584535000	11491418000	10840854000	10254824000	9790472000	7728570000	4596428000	4463213000	4595896000	4068140000	3823943000	3030356000	3130934000	3247368421	3323451327	3516071429	3544827586	3466388000	1202777778	1103409091	1108910891	1042657343	992035398

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