State Street Corporation (STT) financial statements (2021 and earlier)

Company profile

Business Address ONE LINCOLN STREET
BOSTON, MA 02111
State of Incorp. MA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments72,26765,922 58,33376,63768,76481,412
Cash and cash equivalents72,26765,922 58,33376,63767,76380,252
Short-term investments     1,0011,160
Receivables309119 1001296144
Total current assets:72,57666,041 58,43376,76668,82581,456
Noncurrent Assets
Finance lease, right-of-use asset7884  
Operating lease, right-of-use asset858834  
Property, plant and equipment2,2822,306 2,2302,2142,1932,189
Long-term investments and receivables2,8993,064 2,6682,9122,7972,791
Long-term investments2,8993,064 2,6682,9122,7972,791
Intangible assets, net (including goodwill)9,5869,577 9,7579,8157,4777,473
Goodwill7,5567,500 7,5497,4466,0165,973
Intangible assets, net (excluding goodwill)2,0302,077 2,2082,3691,4611,500
Deferred income tax assets21695  
Total noncurrent assets:15,91915,960 14,65514,94112,46712,453
Other undisclosed assets157,115162,605 155,244152,919152,715154,399
TOTAL ASSETS:245,610244,606 228,332244,626234,007248,308
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,9418,403 2,3674,1742,6994,191
Total current liabilities:1,9418,403 2,3674,1742,6994,191
Noncurrent Liabilities
Other undisclosed liabilities219,238210,994 200,927215,662206,755221,546
Total liabilities:221,179219,397 203,294219,836209,454225,737
Stockholders' equity
Stockholders' equity attributable to parent, including:24,43125,209 25,03824,79024,55322,571
Common stock504504 504504504504
Treasury stock, value(10,209)(9,729) (8,969)(8,715)(8,735)(9,317)
Additional paid in capital10,13210,117 10,08210,06110,4189,820
Accumulated other comprehensive loss(876)(985) (1,180)(1,356)(1,711)(1,488)
Retained earnings21,91821,612 20,91120,60620,38719,856
Other undisclosed stockholders' equity attributable to parent2,9623,690 3,6903,6903,6903,196
Total stockholders' equity:24,43125,209 25,03824,79024,55322,571
TOTAL LIABILITIES AND EQUITY:245,610244,606 228,332244,626234,007248,308

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues3,0482,903 2,9322,9862,9513,026
Net investment income9061,001 1,027 916907
Financial services revenue1,8641,889
Cost of revenue(3)(2) (4)(8)(5)(2)
Provision for loan, lease, and other losses(3)(2) (4)   
Financial services costs(5)(2)
Gross profit:3,0452,901 2,9282,9782,9463,024
Operating expenses(788)(802) (780)2,927(1,907)(1,953)
Other operating expense, net
(Other Expenses)
(445)(268) (275)(597)(172)(206)
Operating income:1,8121,831 1,8735,308867865
Interest and debt expense(270)(357) (354)(285)(244)(248)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(904)(753) (884)(4,519)244248
Income from continuing operations before income taxes:638721 635504867865
Income tax expense(74)(138) (127)(65)(102)(131)
Net income attributable to parent:564583 508439765734
Other undisclosed net loss available to common stockholders, basic(72)(55) (56)(41)(56)(36)
Net income available to common stockholders, diluted:492528 452398709698

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:564583 508439765734
Other comprehensive income (loss)(466)(111) 260355(223)(414)
Comprehensive income:98472 768794542320
Other undisclosed comprehensive income, net of tax, attributable to parent575      
Comprehensive income, net of tax, attributable to parent:673472 768794542320

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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