KeyCorp (KEY) Financial Statements (2024 and earlier)

Company Profile

Business Address 127 PUBLIC SQ
CLEVELAND, OH 44114-1306
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,31911,92317,2852,0043,2405,118
Cash and cash equivalents8879131,091732678671
Short-term investments2,43211,01016,1941,2722,5624,447
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss88  
Total current assets:3,40711,92317,2852,0043,2405,118
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 45911
Operating lease, right-of-use asset 525595630654
Property, plant and equipment     882930
Intangible assets, net (including goodwill)2,8462,8232,8522,9172,8322,954
Goodwill2,7522,6932,6642,6642,5162,538
Intangible assets, net (excluding goodwill)94130188253316416
Total noncurrent assets:3,3753,4233,4913,5823,7143,884
Other undisclosed assets183,031171,000149,560139,402132,659128,696
TOTAL ASSETS:189,813186,346170,336144,988139,613137,698
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5,386588759705544634
Total current liabilities:5,386588759705544634
Noncurrent Liabilities
Other undisclosed liabilities170,973168,335151,596127,245123,473122,039
Total liabilities:176,359168,923152,355127,950124,017122,673
Equity
Equity, attributable to parent13,45417,42317,98117,03815,59515,023
Preferred stock2,5001,9001,9001,9001,4501,025
Common stock1,2571,2571,2571,2571,2571,257
Treasury stock, value(5,910)(5,979)(4,946)(4,909)(4,181)(3,150)
Additional paid in capital6,2866,2786,2816,2956,3316,335
Accumulated other comprehensive income (loss)(6,295)(586)73826(818)(779)
Retained earnings15,61614,55312,75112,46911,55610,335
Equity, attributable to noncontrolling interest     12
Total equity:13,45417,42317,98117,03815,59615,025
TOTAL LIABILITIES AND EQUITY:189,813186,346170,336144,988139,613137,698

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues7,2727,2926,7156,4006,4556,308
Net investment income 3,6103,9534,3914,135 
Cost of revenue(502) (1,021)(445)(246)(229)
Provision for loan, lease, and other losses(502) (1,021)(445)(246)
Financial services costs(229)
Gross profit:6,7707,2925,6945,9556,2096,079
Operating expenses(271)(298)(361)(374)(400)(384)
Operating income:6,4996,9945,3335,5815,8095,695
Interest and debt expense(885)(296)(651)(1,326)(969)(613)
Other undisclosed loss from continuing operations before equity method investments, income taxes(3,254)(3,417)(3,097)(2,201)(2,606)(3,101)
Income (loss) from continuing operations before equity method investments, income taxes:2,3603,2811,5852,0542,2341,981
Other undisclosed income (loss) from continuing operations before income taxes(27)(27)(29)(32)(31)(53)
Income from continuing operations before income taxes:2,3333,2541,5562,0222,2031,928
Income tax expense(422)(642)(227)(314)(344)(637)
Income from continuing operations:1,9112,6121,3291,7081,8591,291
Income before gain (loss) on sale of properties:2,6251,3431,7171,8661,298
Income from discontinued operations61314977
Net income:1,9172,6251,3431,7171,8661,298
Net loss attributable to noncontrolling interest      (2)
Net income attributable to parent:1,9172,6251,3431,7171,8661,296
Other undisclosed net loss available to common stockholders, basic(118)(106)(106)(97)(66)(70)
Net income available to common stockholders, diluted:1,7992,5191,2371,6201,8001,226

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,9172,6251,3431,7171,8661,298
Other comprehensive income (loss)(5,709)(1,324)712844(39)(238)
Comprehensive income (loss):(3,792)1,3012,0552,5611,8271,060
Comprehensive loss, net of tax, attributable to noncontrolling interest      (2)
Comprehensive income (loss), net of tax, attributable to parent:(3,792)1,3012,0552,5611,8271,058

Statements Sources

The financial statements are based on the Company's filings with 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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