JP Morgan Chase 2006 Annual Report Download - page 143

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JPMorgan Chase & Co. / 2006 Annual Report 141
(table continued from previous page)
Treasury & Asset Reconciling
Securities Services Management Corporate items(f)(h) Total
2006 2005 2004 2006 2005 2004 2006 2005 2004 2006 2005 2004 2006 2005 2004
$ 4,039 $ 3,659 $ 2,973 $ 5,816 $ 4,583 $ 3,383 $ 1,052 $ 1,620 $ 1,983 $ 2,833 $ 2,147 $ 2,036 $ 40,195 $ 34,193 $ 25,845
2,070 1,880 1,225 971 1,081 796 (1,044) (2,756) (1,214) (5,947) (6,763) (5,257) 21,242 19,555 16,527
6,109 5,539 4,198 6,787 5,664 4,179 8(1,136) 769 (3,114) (4,616) (3,221) 61,437 53,748 42,372
(1) —7(28) (56) (14) (1) 10 748(g) (2,210) (3,776) (2,898) 3,270 3,483 2,544
(121) (154) (90) ————————— ———
4,266 4,050 3,726 4,578 3,860 3,133 1,141 5,327 6,370 ———38,281 38,426 33,972
1,723 1,335 375 2,237 1,860 1,060 (1,132) (6,473) (6,349) (904) (840) (323) 19,886 11,839 5,856
633 472 98 828 644 379 (1,179) (2,690) (2,661) (904) (840) (323) 6,237 3,585 1,596
1,090 863 277 1,409 1,216 681 47 (3,783) (3,688) ———13,649 8,254 4,260
——— ———795 229 206 ———795 229 206
$ 1,090 $ 863 $ 277 $ 1,409 $ 1,216 $ 681 $ 842 $ (3,554) $ (3,482) $—$—$—$ 14,444 $ 8,483 $ 4,466
$ 2,285 $ 1,525 $ 1,989 $ 3,500 $ 2,400 $ 3,902 $ 49,728 $ 52,999 $ 33,667 $—$—$—$ 110,697 $105,507 $ 75,641
31,760 28,206 24,815 43,635 41,599 37,751 218,623 162,021 163,422 (65,266) (67,180) (51,084) 1,313,794 1,185,066 962,556
48% 57% 14% 40% 51% 17% NM NM NM NM NM NM 13% 8% 6%
70 73 89 67 68 75 NM NM NM NM NM NM 62 71 80
(g) Includes $858 million of accounting policy conformity adjustments consisting of approximately $1.4 billion related to the decertification of the seller’s retained interest in credit card securitizations,
partially offset by a benefit of $584 million related to conforming wholesale and consumer provision methodologies for the combined Firm.
(h) Segment managed results reflect revenues on a tax-equivalent basis with the corresponding income tax impact recorded within Income tax expense. These adjustments are eliminated in Reconciling
items to arrive at the Firm’s reported U.S. GAAP results.Tax-equivalent adjustments were as follows for the years ended December 31, 2006, 2005 and 2004:
Year ended December 31, (in millions) 2006 2005 2004(b)
Noninterest income $ 676 $ 571 $ 317
Net interest income 228 269 6
Income tax expense 904 840 323