JPMorgan Chase & Co.

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	58,028	58,471	49,552	37,676	48,334	29,131	36,431	32,474	24,441	24,733	24,442
Net Income
Depreciation & Amortization	8,474	7,938	7,512	7,051	7,932	8,614	8,368	7,791	6,179	5,478	4,940
Depreciation and Amortization
Amortization of Intangibles
Share-Based Compensation Expense	—	—	—	—	—	—	—	—	—	—	—
Stock-Based Compensation
Net Change in Loans Held-for-Sale	-6,771	-6,935	1,185	18,542	-11,441	6,986	2,126	-8,981	-1,358	-911	1,254
Originations and Purchases of Loans Held-for-Sale
Proceeds from Sales, Securitizations and Paydowns of Loans Held-for-Sale
Other Adjustments	7,815	-4,109	-3,008	2,436	7,022	-1,924	3,266	4,438	4,448	6,450	3,118
Deferred Tax Benefit
Investment Securities Gains
Proceeds on Sale of Investment
Gains on Disposition of Businesses
Estimated Bargain Purchase Gain Associated with the First Republic Acquisition
Initial Gain on the Visa Share Exchange
Other
Changes in Trading Assets	-162,956	-95,729	-74,091	-31,449	85,710	-148,749	6,551	-35,067	5,673	-20,007	62,212
Change in Trading Assets
Changes in Securities Borrowed	4,098	-18,762	-14,902	20,203	-45,635	-20,734	-27,631	-6,861	-8,653	2,313	12,165
Change in Securities Borrowed
Changes in Accrued Interest and Accounts Receivable	-20,167	5,725	19,928	-22,870	-12,401	-19,012	-78	-5,849	-15,868	-5,815	22,664
Accrued Interest and Accounts Receivable
Changes in Trading Liabilities	-3,071	2,276	5,315	11,170	-23,190	77,198	-14,516	18,290	-26,256	5,198	-28,972
Change in Trading Liabilities
Changes in Accounts Payable	-11,505	-90	-25,388	58,614	43,162	7,415	-466	14,630	-16,508	5,087	-23,361
Accounts Payable and Other Liabilities
Changes in Other Operating Activities	-5,891	-1,490	37,551	-543	-12,143	-39,315	-15,544	-10,122	11,785	-6,003	-8,823
Change in Other Assets
Other Operating Adjustments
Cash from Operating Activities	-119,748	-42,012	12,974	107,119	78,084	-79,910	4,092	15,614	-10,827	21,884	73,466
Net Cash Provided by Operating Activities

Cash Flow Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Provision for Credit Losses	12,188	10,678	9,320	6,389	-9,256	17,480	5,585	4,871	5,290	5,361	3,827
Provision for Credit Losses

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	-34,952	-18,706	39,740	-54,278	34,473	-47,115	72,396	-123,201	31,448	-17,468	147,652
Deposits with Banks
Federal Funds Sold and Securities Purchased Under Resale Agreements
Net Change in Loans Held-for-Investment	-99,507	-25,255	-41,031	-84,076	-55,952	-26,704	10,352	-53,187	-45,859	-65,567	-90,358
Proceeds from Sales and Securitizations of Loans Held-for-Investment
Other Changes in Loans, Net
Net Change in Securities and Investments	-147,620	-114,934	95,594	12,467	-96,821	-180,752	-129,772	-18,046	43,223	-3,342	45,983
Proceeds from Paydowns and Maturities
Purchases
Proceeds from Paydowns and Maturities
Proceeds from Sales
Purchases
Payments for Business Acquisitions	—	-2,362	-9,920	—	—	—	—	—	—	—	—
Net Cash Provided by the First Republic Acquisition
Net Cash Provided by Business Acquisitions or Dispositions
Proceeds from Business Divestments	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Assets Sale to the FRBNY
Other Investing Activities	-12,748	-2,146	-16,740	-11,932	-11,044	-7,341	-5,035	-4,986	-563	-2,825	3,703
Net Maturities of Asset-Backed Commercial Paper Guaranteed by the FRBB
All Other Investing Activities, Net
Cash from Investing Activities	-294,827	-163,403	67,643	-137,819	-129,344	-261,912	-52,059	-199,420	28,249	-89,202	106,980
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Change in Deposits	120,587	3,299	-32,196	-136,895	293,764	602,765	101,002	26,728	57,022	97,336	-88,678
Deposits
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	178,247	80,288	13,801	8,455	-20,799	31,528	1,347	23,415	-6,739	13,007	-39,415
Federal Funds Purchased and Securities Loaned or Sold Under Repurchase Agreements
Issuance of Short-Term Debt	16,249	7,439	-1,934	-8,984	7,773	4,438	-28,561	18,476	16,540	-2,461	-57,828
Change in Short-Term Borrowings
Net Issuance / (Repayments) of Short-Term Debt	16,249	7,439	-1,934	-8,984	7,773	4,438	-28,561	18,476	16,540	-2,461	-57,828
Issuance of Long-Term Debt	115,980	109,915	75,417	78,442	82,409	78,686	61,085	71,662	56,271	83,070	79,611
Proceeds from Long-Term Borrowings
Repayments of Long-Term Debt	-107,837	-96,605	-64,880	-45,556	-54,832	-105,055	-69,610	-76,313	-83,079	-68,949	-67,247
Payments of Long-Term Borrowings
Net Issuance / (Repayments) of Long-Term Debt	8,143	13,310	10,537	32,886	27,577	-26,369	-8,525	-4,651	-26,808	14,121	12,364
Issuance of Common Shares	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Issuance of Common Stock
Repurchases of Common Shares	-27,628	-18,830	-9,824	-3,162	-18,408	-6,517	-24,001	-19,983	-15,410	-9,082	-5,616
Treasury Stock Repurchased
Net Issuance / (Repurchases) of Common Shares	-27,628	-18,830	-9,824	-3,162	-18,408	-6,517	-24,001	-19,983	-15,410	-9,082	-5,616
Issuance of Preferred Shares	—	2,500	—	—	7,350	4,500	5,000	1,696	1,258	—	5,893
Proceeds from Issuance of Preferred Stock and Warrant to the U.S. Treasury
Proceeds from Issuance of Preferred Stock
Repurchases of Preferred Shares	—	-9,850	—	-7,434	-2,575	-1,430	-4,075	-1,696	-1,258	—	—
Redemption of Preferred Stock
Net Issuance / (Repurchases) of Preferred Shares	—	-7,350	—	-7,434	4,775	3,070	925	—	—	—	5,893
Common Share Dividends Paid	-16,066	-14,783	-13,463	-13,562	-12,858	-12,690	-12,143	-10,109	-8,993	-8,476	-7,873
Dividends Paid
Other Financing Activities	-547	74	2,508	2,439	-5,731	420	3,143	282	-970	-6,174	-6,358
Beneficial Interests Issued by Consolidated VIES
Excess Tax Benefits Related to Stock-Based Compensation
All Other Financing Activities, Net
Cash from Financing Activities	277,385	63,447	-25,571	-126,257	275,993	596,645	32,987	34,158	14,642	98,271	-187,511
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	-119,748	-42,012	12,974	107,119	78,084	-79,910	4,092	15,614	-10,827	21,884	73,466
Levered Free Cash Flow	-109,967	-22,515	12,288	101,970	125,288	-129,104	-45,760	27,346	-31,349	20,745	18,012
Unlevered Free Cash Flow	-191,018	-100,132	-44,075	42,176	43,435	-134,583	-43,316	-17,188	-43,648	-13,749	40,825
Net Change in Cash	-137,190	-141,968	55,046	-156,957	224,733	254,823	-14,980	-149,648	32,064	30,953	-7,065