Bank of America 2012 Annual Report Download - page 276

274 Bank of America 2012
The following tables present a reconciliation of the five business segments’ total revenue, net of interest expense, on a FTE basis,
and net income (loss) to the Corporation’s Consolidated Statement of Income, and total assets to the Corporation’s Consolidated
Balance Sheet. The adjustments presented in the following tables include consolidated income, expense and asset amounts not
specifically allocated to individual business segments.
Business Segment Reconciliations
(Dollars in millions) 2012 2011 2010
Segments’ total revenue, net of interest expense (FTE basis) $ 85,025 $ 78,331 $ 100,774
Adjustments:
ALM activities (1) (2,412)7,576 1,872
Equity investment income 1,135 7,105 4,629
Liquidating businesses 2,279 3,526 6,005
FTE basis adjustment (901) (972) (1,170)
Other (1,792)(2,112) (1,890)
Consolidated revenue, net of interest expense $ 83,334 $ 93,454 $ 110,220
Segments’ net income (loss) $ 7,816 $ (3,266) $ (3,545)
Adjustments, net of taxes:
ALM activities (4,088)513 (2,480)
Equity investment income 715 4,476 2,916
Liquidating businesses 226 (263) 635
Merger and restructuring charges —(402) (1,146)
Other (481) 388 1,382
Consolidated net income (loss) $ 4,188 $ 1,446 $ (2,238)
December 31
2012 2011
Segments’ total assets $1,962,690 $ 1,808,555
Adjustments:
ALM activities, including securities portfolio 622,722 611,793
Equity investments 5,508 7,098
Liquidating businesses 32,597 37,570
Elimination of segment excess asset allocations to match liabilities (554,426)(492,251)
Other 140,883 156,281
Consolidated total assets $ 2,209,974 $ 2,129,046
(1) Includes negative fair value adjustments on structured liabilities of $5.1 billion in 2012 and positive fair value adjustments on structured liabilities of $3.3 billion and $18 million in 2011 and 2010.