Community Bank System, Inc. (CBU) financial statements (2022 and earlier)

Company profile

Business Address 5790 WIDEWATERS PKWY
DEWITT, NY 13214
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8761,646205212221174153
Cash and cash equivalents1,8751,646205212221174153
Short-term investments0000   
Total current assets:1,8761,646205212221174153
Noncurrent Assets
Operating lease, right-of-use asset323540
Property, plant and equipment161166165120123112114
Intangible assets, net (including goodwill)864847837807825481484
Goodwill799794774734734465463
Intangible assets, net (excluding goodwill)65536374911621
Total noncurrent assets:1,0571,0471,041927948593599
Other undisclosed assets12,62011,23810,1639,4689,5777,8997,801
TOTAL ASSETS:15,55313,93111,41010,60710,7468,6668,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3252842425424  
Total current liabilities:3252842425424  
Noncurrent Liabilities
Liabilities, other than long-term debt01     
Qualified affordable housing project investments, commitment01     
Total noncurrent liabilities:01     
Other undisclosed liabilities13,12711,5429,3138,8399,0877,4687,412
Total liabilities:13,45211,8279,5558,8949,1117,4687,412
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1012,1041,8551,7141,6351,1981,141
Treasury stock, value(11)(6)(7)(12)(21)(15)(18)
Additional paid in capital1,0411,025927912895546528
Accumulated other comprehensive income (loss)(51)62(10)(45)(4)819
Retained earnings1,058960883796701615567
Other undisclosed stockholders' equity attributable to parent62636263654544
Total stockholders' equity:2,1012,1041,8551,7141,6351,1981,141
TOTAL LIABILITIES AND EQUITY:15,55313,93111,41010,60710,7468,6668,553

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues387389386363397344312
Net investment income387389386363329285260
Financial services revenue685953
Cost of revenue (14)(8)(11)(11)(8)(6)
Provision for loan, lease, and other losses (14)(8)(11)
Financial services costs(11)(8)(6)
Gross profit:387375377352386336306
Operating expenses(501)(487)(475)(444)(629)(267)(233)
Other operating income, net
(Noninterest Income, Other Operating Income)
      123
Operating income (loss):(114)(112)(98)(92)(243)69196
Interest and debt expense(13)(20)(27)(18)(14)(11)(11)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 33933432341797(53)
Income (loss) from continuing operations before equity method investments, income taxes:(127)206209213160155132
Other undisclosed income from continuing operations before income taxes368      
Income from continuing operations before income taxes:241206209213160155132
Income tax expense(52)(41)(40)(44)(9)(51)(41)
Net income attributable to parent:19016516916915110491
Other undisclosed net loss available to common stockholders, basic(0)(1)(0)(1)(1)(1)(0)
Net income available to common stockholders, basic:18916416916815010391
Dilutive securities, effect on basic earnings per share(0)(1)(0)(1)(1)10
Net income available to common stockholders, diluted:18916416816715010491

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:19016516916915110491
Other comprehensive income (loss)136(2)(11)03(5)
Comprehensive income:20317116715815110787
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(126)6637(31)(11)(15)(7)
Comprehensive income, net of tax, attributable to parent:772372041271409280

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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