Bank of America 2012 Annual Report Download - page 144

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142 Bank of America 2012
Table XVI Two Year Reconciliations to GAAP Financial Measures (1)
(Dollars in millions) 2012 2011
Consumer & Business Banking
Reported net income $ 5,321 $ 7,447
Adjustment related to intangibles (2) 13 20
Adjusted net income $ 5,334 $ 7,467
Average allocated equity $53,646 $ 52,908
Adjustment related to goodwill and a percentage of intangibles (30,468) (30,635)
Average economic capital $ 23,178 $ 22,273
Consumer Real Estate Services
Reported net loss $(6,507)$ (19,465)
Adjustment related to intangibles (2) ——
Goodwill impairment charge —2,603
Adjusted net loss $ (6,507)$ (16,862)
Average allocated equity $13,687 $ 16,202
Adjustment related to goodwill and a percentage of intangibles (excluding MSRs) —(1,350)
Average economic capital $ 13,687 $ 14,852
Global Banking
Reported net income $ 5,725 $ 6,046
Adjustment related to intangibles (2) 46
Adjusted net income $ 5,729 $ 6,052
Average allocated equity $45,907 $ 47,384
Adjustment related to goodwill and a percentage of intangibles (24,854) (24,623)
Average economic capital $ 21,053 $ 22,761
Global Markets
Reported net income $ 1,054 $ 988
Adjustment related to intangibles (2) 912
Adjusted net income $ 1,063 $ 1,000
Average allocated equity $17,595 $ 22,671
Adjustment related to goodwill and a percentage of intangibles (4,639)(4,625)
Average economic capital $ 12,956 $ 18,046
Global Wealth & Investment Management
Reported net income $ 2,223 $ 1,718
Adjustment related to intangibles (2) 23 30
Adjusted net income $ 2,246 $ 1,748
Average allocated equity $17,739 $ 17,352
Adjustment related to goodwill and a percentage of intangibles (10,380) (10,486)
Average economic capital $ 7,359 $ 6,866
(1) Presents reconciliations of non-GAAP financial measures to GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results
of the Corporation and our segments. Other companies may define or calculate these measures differently. For more information on non-GAAP financial measures and ratios we use in assessing the
results of the Corporation, see Supplemental Financial Data on page 31.
(2) Represents cost of funds, earnings credits and certain expenses related to intangibles.