Bank Of New York Mellon Corporation (The) (BK) financial statements (2021 and earlier)

Company profile

Business Address 240 GREENWICH STREET
NEW YORK, NY 10286
State of Incorp. DE
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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,2524,8305,8645,3824,8226,5376,970
Cash and cash equivalents6,2524,8305,8645,3824,8226,5376,970
Contract with customer, asset323236
Total current assets:6,2844,8625,9005,3824,8226,5376,970
Noncurrent Assets
Finance lease, right-of-use asset1112
Operating lease, right-of-use asset1,4321,530
Intangible assets, net (including goodwill)20,50820,49320,57020,97520,91421,46021,996
Goodwill17,49617,38617,35017,56417,31617,61817,869
Intangible assets, net (excluding goodwill)3,0123,1073,2203,4113,5983,8424,127
Prepaid pension costs836727708
Amortization method qualified affordable housing project investments1,1451,0249991,014914918
Total noncurrent assets:23,09623,05921,56921,98922,66423,10522,704
Other undisclosed assets440,253353,587335,404344,387305,983364,138355,629
TOTAL ASSETS:469,633381,508362,873371,758333,469393,780385,303
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10,27010,6578,6258,0608,222 4
Securities loaned1,0357189972,1861,6157477
Total current liabilities:11,30511,3759,62210,2469,8377481
Noncurrent Liabilities
Liabilities, other than long-term debt514422479486369393 
Qualified affordable housing project investments, commitment514422479486369393
Total noncurrent liabilities:514422479486369393 
Other undisclosed liabilities411,694327,983311,904319,280283,683354,338346,519
Total liabilities:423,513339,780322,005330,012293,889354,805346,600
Temporary equity, carrying amount176143129179151200229
Stockholders' equity
Stockholders' equity attributable to parent45,80141,48340,63841,25138,81138,03737,441
Preferred stock4,5413,5423,5423,5423,5422,5521,562
Common stock14141414131313
Treasury stock, value(19,833)(18,844)(15,517)(12,248)(9,562)(7,164)(4,809)
Additional paid in capital27,82327,51527,11826,66525,96225,26224,626
Accumulated other comprehensive loss(985)(2,638)(3,171)(2,357)(3,765)(2,600)(1,634)
Retained earnings34,24131,89428,65225,63522,62119,97417,683
Stockholders' equity attributable to noncontrolling interest143102101316618  
Other undisclosed stockholders' equity     7381,033
Total stockholders' equity:45,94441,58540,73941,56739,42938,77538,474
TOTAL LIABILITIES AND EQUITY:469,633381,508362,873371,758333,469393,780385,303

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues15,80816,4625,2868,8287,82015,12615,608
Revenue, net1,5531,404  
Net investment income3,7566,4915,2653,6613,0522,8732,724
Financial services revenue3,6143,36425(8)
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(336)      
Gross profit:15,47216,4625,2868,8287,82015,12615,608
Operating expenses(3,564)(3,461)(3,450)(9,282)(9,225) (10,509)
Operating income (loss):11,90813,0011,836(454)(1,405)15,1265,099
Nonoperating income860633650704706 578
Foreign currency transaction gain, before tax776577663638687 578
Interest and debt expense(1,132)(4,360)(2,821)(1,074)(437)(300)(354)
Income (loss) from continuing operations before equity method investments, income taxes:11,6369,274(335)(824)(1,136)14,8265,323
Other undisclosed loss from continuing operations before income taxes     (10,655)(1,844)
Income (loss) from continuing operations before income taxes:11,6369,274(335)(824)(1,136)4,1713,479
Income tax expense(842)(1,120)(938)(496)(1,177) (912)
Other undisclosed income (loss) from continuing operations  5,5275,4345,861(949)84
Income before gain (loss) on sale of properties:10,7948,1544,2544,1143,5483,2222,651
Other undisclosed net loss(7,168)(3,687)     
Net income:3,6264,4674,2544,1143,5483,2222,651
Net income (loss) attributable to noncontrolling interest(9)(26)12(24)(1)(64)(84)
Net income attributable to parent:3,6174,4414,2664,0903,5473,1582,567
Preferred stock dividends and other adjustments(194)(169)(169)(175)(122)(105)(73)
Net income available to common stockholders, diluted:3,4234,2724,0973,9153,4253,0532,494

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3,6264,4674,2544,1143,5483,2222,651
Other comprehensive income (loss)1,660626(823)1,423(1,196)(1,002)(867)
Comprehensive income:5,2865,0933,4315,5372,3522,2201,784
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11)(29)23(39)30(28)41
Comprehensive income, net of tax, attributable to parent:5,2755,0643,4545,4982,3822,1921,825

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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