| Dec 2011 | Dec 2012 | |
|---|---|---|
| Net Interest Income | 0 | 0 |
| NII Growth % | - | - |
| Net Interest Margin % | - | - |
| Interest Income | 0 | 0 |
| Interest Expense | 8.79B | 7.1B |
| Loan Loss Provision | -8.79B | -7.1B |
| Non-Interest Income | 925M | 986M |
| Non-Interest Income % | - | - |
| Total Revenue | 925M | 986M |
| Revenue Growth % | - | 0.07% |
| Non-Interest Expense | 17.54B | 16.2B |
| Efficiency Ratio | - | - |
| Operating Income | -4.69B | 290M |
| Operating Margin % | - | - |
| Operating Income Growth % | - | 1.06% |
| Pretax Income | -4.69B | -2.26B |
| Pretax Margin % | - | - |
| Income Tax | -2.95B | -2.55B |
| Effective Tax Rate % | - | - |
| Net Income | -1.75B | 290M |
| Net Margin % | - | - |
| Net Income Growth % | - | 1.17% |
| Net Income (Continuing) | -1.75B | 290M |
| EPS (Diluted) | 0.00 | 0.00 |
| EPS Growth % | - | - |
| EPS (Basic) | 0.00 | 0.00 |
| Diluted Shares Outstanding | 0 | 0 |
| Dec 2011 | Dec 2012 | |
|---|---|---|
| Cash & Short Term Investments | 1000K | 1000K |
| Cash & Due from Banks | 13.73B | 12.91B |
| Short Term Investments | 1000K | 1000K |
| Total Investments | 244M | 656M |
| Investments Growth % | - | 1.69% |
| Long-Term Investments | 0 | 0 |
| Accounts Receivables | 0 | 0 |
| Goodwill & Intangibles | - | - |
| Goodwill | 0 | 0 |
| Intangible Assets | 0 | 0 |
| PP&E (Net) | 1.39B | 1.03B |
| Other Assets | 531.3B | 557.93B |
| Total Current Assets | 23.11B | 22.81B |
| Total Non-Current Assets | 532.68B | 580.12B |
| Total Assets | 555.79B | 602.93B |
| Asset Growth % | - | 0.08% |
| Return on Assets (ROA) | -0% | 0% |
| Accounts Payable | 0 | 0 |
| Total Debt | 113.17B | 95.63B |
| Net Debt | 99.44B | 82.71B |
| Long-Term Debt | 107.12B | 92.25B |
| Short-Term Debt | 6.05B | 3.38B |
| Other Liabilities | 0 | 0 |
| Total Current Liabilities | 6.05B | 4.79B |
| Total Non-Current Liabilities | 107.12B | 98.09B |
| Total Liabilities | 506.5B | 538.53B |
| Total Equity | 49.29B | 64.4B |
| Equity Growth % | - | 0.31% |
| Equity / Assets (Capital Ratio) | - | - |
| Return on Equity (ROE) | -0.04% | 0.01% |
| Book Value per Share | - | - |
| Tangible BV per Share | - | - |
| Common Stock | 0 | 0 |
| Additional Paid-in Capital | 0 | 0 |
| Retained Earnings | 8.24B | 8.8B |
| Accumulated OCI | -235M | -527M |
| Treasury Stock | 0 | 0 |
| Preferred Stock | 0 | 0 |
| Dec 2011 | Dec 2012 | |
|---|---|---|
| Cash from Operations | 13.89B | 17.78B |
| Operating CF Growth % | - | 0.28% |
| Net Income | -1.75B | 290M |
| Depreciation & Amortization | 731M | 576M |
| Deferred Taxes | -3.08B | 2.79B |
| Other Non-Cash Items | 16.07B | 12.6B |
| Working Capital Changes | 0 | 0 |
| Cash from Investing | 13.47B | 2.92B |
| Purchase of Investments | 0 | 0 |
| Sale/Maturity of Investments | 1000K | 1000K |
| Net Investment Activity | - | - |
| Acquisitions | 0 | 0 |
| Other Investing | 11.73B | 1.7B |
| Cash from Financing | -30.33B | -21.52B |
| Dividends Paid | 0 | 0 |
| Share Repurchases | -13.73B | -12.91B |
| Stock Issued | 0 | 0 |
| Net Stock Activity | - | - |
| Debt Issuance (Net) | 0 | 0 |
| Other Financing | -30.33B | -21.52B |
| Net Change in Cash | -3.49B | -822M |
| Exchange Rate Effect | -1000K | -1000K |
| Cash at Beginning | 17.22B | 13.73B |
| Cash at End | 13.73B | 12.91B |
| Interest Paid | 0 | 0 |
| Income Taxes Paid | 0 | 0 |
| Free Cash Flow | 13.89B | 17.78B |
| FCF Growth % | - | 0.28% |
| Metric | 2011 | 2012 |
|---|---|---|
| Return on Equity (ROE) | -3.55% | 0.51% |
| Return on Assets (ROA) | -0.31% | 0.05% |
| Net Interest Margin | 0% | 0% |
| Efficiency Ratio | 1896.65% | 1642.6% |
| Equity / Assets | 8.87% | 10.68% |
Merrill Lynch Depositor Inc. 6.0518% Index Plus Trust Series 2003-1 (IPB) grew revenue by 6.6% over the past year. This is steady growth.
Yes, Merrill Lynch Depositor Inc. 6.0518% Index Plus Trust Series 2003-1 (IPB) is profitable, generating $1.82B in net income for fiscal year 2012 (29.4% net margin).
Merrill Lynch Depositor Inc. 6.0518% Index Plus Trust Series 2003-1 (IPB) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
Merrill Lynch Depositor Inc. 6.0518% Index Plus Trust Series 2003-1 (IPB) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.
Merrill Lynch Depositor Inc. 6.0518% Index Plus Trust Series 2003-1 (IPB) has an efficiency ratio of 1642.6%. This is higher than peers, suggesting room for cost optimization.