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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments120,42780,81593,884152,66772,26765,922 
Cash and cash equivalents120,42780,81593,884152,66772,26765,922 
Receivables367267293136309119 
Total current assets:120,79481,08294,177152,80372,57666,041 
Noncurrent Assets
Finance lease, right-of-use asset55   7884 
Operating lease, right-of-use asset720789802815858834 
Property, plant and equipment2,1542,1932,2122,2252,2822,306 
Long-term investments and receivables3,0953,1862,6962,8372,8993,064 
Long-term investments3,0953,1862,6962,8372,8993,064 
Intangible assets, net (including goodwill)9,5109,4779,4529,4699,5869,577 
Goodwill7,6837,6077,5387,5067,5567,500 
Intangible assets, net (excluding goodwill)1,8271,8701,9141,9632,0302,077 
Deferred income tax assets23319919920621695 
Total noncurrent assets:15,76715,84415,36115,55215,91915,960 
Other undisclosed assets178,145175,149170,704194,172157,115162,605 
TOTAL ASSETS:314,706272,075280,242362,527245,610244,606 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4,0988,2684,42510,2081,9418,403 
Total current liabilities:4,0988,2684,42510,2081,9418,403 
Noncurrent Liabilities
Other undisclosed liabilities284,408238,249250,944328,458219,238210,994 
Total liabilities:288,506246,517255,369338,666221,179219,397 
Stockholders' equity
Stockholders' equity attributable to parent, including:26,20025,55824,87323,86124,43125,209 
Common stock504504504504504504 
Treasury stock, value(10,609)(10,626) (10,664)(10,209)(9,729) 
Additional paid in capital10,20510,19210,17910,15510,13210,117 
Accumulated other comprehensive income (loss)187(111)(430)(920)(876)(985) 
Retained earnings23,44223,12822,79422,31521,91821,612 
Other undisclosed stockholders' equity attributable to parent2,4712,471(8,174)2,4712,9623,690 
Total stockholders' equity:26,20025,55824,87323,86124,43125,209 
TOTAL LIABILITIES AND EQUITY:314,706272,075280,242362,527245,610244,606 

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues2,9172,7842,9373,0653,0482,903 
Net investment income 1521848689061,001 
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (52)(36)(3)(2) 
Gross profit:2,9172,7842,8853,0293,0452,901 
Operating expenses(872)(797)(776)(806)(788)(802) 
Other operating expense, net
(Other Expenses)
(263)(229)(243)(230)(445)(268) 
Operating income:1,7821,7581,8661,9931,8121,831 
Interest and debt expense(14)(42)(115)(204)(270)(357) 
Other undisclosed loss from continuing operations before equity method investments, income taxes(1,127)(1,035)(948)(1,015)(904)(753) 
Income from continuing operations before income taxes:641681803774638721 
Income tax expense(104)(126)(109)(140)(74)(138) 
Net income attributable to parent:537555694634564583 
Other undisclosed net loss available to common stockholders, basic(39)(38)(32)(54)(72)(55) 
Net income available to common stockholders, diluted:498517662580492528 

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:537555694634564583 
Other comprehensive income (loss)326(7)(34)(466)(111) 
Comprehensive income:56956168760098472 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent266313497(10)575  
Comprehensive income, net of tax, attributable to parent:8358741,184590673472 

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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