The Bank of New York Mellon Corporation (BK) financial statements (2022 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)

12/31/2021
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 investments6,0616,2524,8305,8645,3824,8226,537
Cash and cash equivalents6,0616,2524,8305,8645,3824,8226,537
Contract with customer, asset42323236
Total current assets:6,1036,2844,8625,9005,3824,8226,537
Noncurrent Assets
Finance lease, right-of-use asset341112
Operating lease, right-of-use asset1,2501,4321,530
Property, plant and equipment3,431      
Intangible assets, net (including goodwill)20,50320,50820,49320,57020,97520,91421,460
Goodwill17,51217,49617,38617,35017,56417,31617,618
Intangible assets, net (excluding goodwill)2,9913,0123,1073,2203,4113,5983,842
Prepaid pension costs836727
Amortization method qualified affordable housing project investments1,1531,1451,0249991,014914918
Total noncurrent assets:26,37123,09623,05921,56921,98922,66423,105
Other undisclosed assets411,964440,253353,587335,404344,387305,983364,138
TOTAL ASSETS:444,438469,633381,508362,873371,758333,469393,780
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10,02510,27010,6578,6258,0608,222 
Securities loaned1,5411,0357189972,1861,61574
Total current liabilities:11,56611,30511,3759,62210,2469,83774
Noncurrent Liabilities
Liabilities, other than long-term debt543514422479486369393
Qualified affordable housing project investments, commitment543514422479486369393
Total noncurrent liabilities:543514422479486369393
Other undisclosed liabilities388,938411,694327,983311,904319,280283,683354,338
Total liabilities:401,047423,513339,780322,005330,012293,889354,805
Temporary equity, carrying amount161176143129179151200
Stockholders' equity
Stockholders' equity attributable to parent43,03445,80141,48340,63841,25138,81138,037
Preferred stock4,8384,5413,5423,5423,5423,5422,552
Common stock14141414141313
Treasury stock, value(24,400)(19,833)(18,844)(15,517)(12,248)(9,562)(7,164)
Additional paid in capital28,12827,82327,51527,11826,66525,96225,262
Accumulated other comprehensive loss(2,213)(985)(2,638)(3,171)(2,357)(3,765)(2,600)
Retained earnings36,66734,24131,89428,65225,63522,62119,974
Stockholders' equity attributable to noncontrolling interest196143102101316618 
Other undisclosed stockholders' equity      738
Total stockholders' equity:43,23045,94441,58540,73941,56739,42938,775
TOTAL LIABILITIES AND EQUITY:444,438469,633381,508362,873371,758333,469393,780

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
Revenues15,93115,80816,4625,2868,8287,82015,126
Revenue, net1,5531,404 
Net investment income2,8703,7566,4915,2653,6613,0522,873
Financial services revenue3,6143,36425
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (336)     
Gross profit:15,93115,47216,4625,2868,8287,82015,126
Operating expenses(3,627)(3,564)(3,461)(3,450)(9,282)(9,225) 
Operating income (loss):12,30411,90813,0011,836(454)(1,405)15,126
Nonoperating income 860633650704706 
Foreign currency transaction gain, before tax 776577663638687 
Interest and debt expense(227)(1,132)(4,360)(2,821)(1,074)(437)(300)
Income (loss) from continuing operations before equity method investments, income taxes:12,07711,6369,274(335)(824)(1,136)14,826
Other undisclosed loss from continuing operations before income taxes      (10,655)
Income (loss) from continuing operations before income taxes:12,07711,6369,274(335)(824)(1,136)4,171
Income tax expense(877)(842)(1,120)(938)(496)(1,177) 
Other undisclosed income (loss) from continuing operations   5,5275,4345,861(949)
Income before gain (loss) on sale of properties:11,20010,7948,1544,2544,1143,5483,222
Other undisclosed net loss(7,429)(7,168)(3,687)    
Net income:3,7713,6264,4674,2544,1143,5483,222
Net income (loss) attributable to noncontrolling interest(12)(9)(26)12(24)(1)(64)
Net income attributable to parent:3,7593,6174,4414,2664,0903,5473,158
Preferred stock dividends and other adjustments(207)(194)(169)(169)(175)(122)(105)
Net income available to common stockholders, diluted:3,5523,4234,2724,0973,9153,4253,053

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:3,7713,6264,4674,2544,1143,5483,222
Other comprehensive income (loss)(1,226)1,660626(823)1,423(1,196)(1,002)
Comprehensive income:2,5455,2865,0933,4315,5372,3522,220
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(14)(11)(29)23(39)30(28)
Comprehensive income, net of tax, attributable to parent:2,5315,2755,0643,4545,4982,3822,192

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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