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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8305,8645,3824,8226,5376,9706,460
Cash and cash equivalents4,8305,8645,3824,8226,5376,9706,460
Contract with customer, asset3236
Total current assets:4,8625,9005,3824,8226,5376,9706,460
Noncurrent Assets
Finance lease, right-of-use asset12
Operating lease, right-of-use asset1,530
Intangible assets, net (including goodwill)20,49320,57020,97520,91421,46021,99622,525
Goodwill17,38617,35017,56417,31617,61817,86918,073
Intangible assets, net (excluding goodwill)3,1073,2203,4113,5983,8424,1274,452
Prepaid pension costs8367277081,209
Amortization method qualified affordable housing project investments1,0249991,014914918
Total noncurrent assets:23,05921,56921,98922,66423,10522,70423,734
Other undisclosed assets353,587335,404344,387305,983364,138355,629344,116
TOTAL ASSETS:381,508362,873371,758333,469393,780385,303374,310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10,6578,6258,0608,222 4 
Securities loaned7189972,1861,6157477 
Total current liabilities:11,3759,62210,2469,8377481 
Noncurrent Liabilities
Liabilities, other than long-term debt422479486369393  
Qualified affordable housing project investments, commitment422479486369393
Total noncurrent liabilities:422479486369393  
Other undisclosed liabilities327,983311,904319,280283,683354,338346,519335,776
Total liabilities:339,780322,005330,012293,889354,805346,600335,776
Temporary equity, carrying amount143129179151200229 
Stockholders' equity
Stockholders' equity attributable to parent41,48340,63841,25138,81138,03737,44137,521
Preferred stock3,5423,5423,5423,5422,5521,5621,562
Common stock14141413131313
Treasury stock, value(18,844)(15,517)(12,248)(9,562)(7,164)(4,809)(3,140)
Additional paid in capital27,51527,11826,66525,96225,26224,62624,002
Accumulated other comprehensive loss(2,638)(3,171)(2,357)(3,765)(2,600)(1,634)(892)
Retained earnings31,89428,65225,63522,62119,97417,68315,976
Stockholders' equity attributable to noncontrolling interest102101316618   
Other undisclosed stockholders' equity    7381,033783
Total stockholders' equity:41,58540,73941,56739,42938,77538,47438,304
Other undisclosed liabilities and equity      230
TOTAL LIABILITIES AND EQUITY:381,508362,873371,758333,469393,780385,303374,310

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenue, net1,5531,404   
Net investment income6,4915,2653,6613,0522,8732,724 
Financial services revenue3,6143,36425(8) 
Gross profit:16,4625,2868,8287,82015,12615,60814,903
Operating expenses(3,461)(3,450)(9,282)(9,225) (10,509)(6,385)
Operating income (loss):13,0011,836(454)(1,405)15,1265,0998,518
Nonoperating income633650704706 578608
Foreign currency transaction gain, before tax577663638687 578608
Interest and debt expense(4,360)(2,821)(1,074)(437)(300)(354)(343)
Income (loss) from continuing operations before equity method investments, income taxes:9,274(335)(824)(1,136)14,8265,3238,783
Other undisclosed loss from continuing operations before income taxes    (10,655)(1,844)(5,151)
Income (loss) from continuing operations before income taxes:9,274(335)(824)(1,136)4,1713,4793,632
Income tax expense(1,120)(938)(496)(1,177) (912)(1,520)
Other undisclosed income (loss) from continuing operations 5,5275,4345,861(949)8480
Income before gain (loss) on sale of properties:8,1544,2544,1143,5483,2222,6512,192
Other undisclosed net loss(3,687)      
Net income:4,4674,2544,1143,5483,2222,6512,192
Net income (loss) attributable to noncontrolling interest(26)12(24)(1)(64)(84)(81)
Net income attributable to parent:4,4414,2664,0903,5473,1582,5672,111
Preferred stock dividends and other adjustments(169)(169)(175)(122)(105)(73)(64)
Net income available to common stockholders, diluted:4,2724,0973,9153,4253,0532,4942,047

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:4,4674,2544,1143,5483,2222,6512,192
Other comprehensive income (loss)626(823)1,423(1,196)(1,002)(867)(208)
Comprehensive income:5,0933,4315,5372,3522,2201,7841,984
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(29)23(39)30(28)41122
Other undisclosed comprehensive loss, net of tax, attributable to parent      (244)
Comprehensive income, net of tax, attributable to parent:5,0643,4545,4982,3822,1921,8251,862

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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