Commerce Bancshares, Inc. (CBSH) financial statements (2021 and earlier)

Company profile

Business Address 1000 WALNUT
KANSAS CITY, MO 64106
State of Incorp. MO
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 investments8901,2005798565561,1161,270
Cash and cash equivalents8871,1985127825031,1011,270
Short-term investments3367735315 
Total current assets:8901,2005798565561,1161,270
Noncurrent Assets
Operating lease, right-of-use asset26
Property, plant and equipment371333335338353358350
Intangible assets, net (including goodwill)148148147146146146148
Goodwill139139139139139139139
Intangible assets, net (excluding goodwill)10987779
Deferred costs171313109  
Total noncurrent assets:562494494494507504498
Other undisclosed assets24,61323,77023,76024,29223,54222,37421,305
TOTAL ASSETS:26,06625,46424,83325,64124,60523,99423,072
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation, including:  2    
Other undisclosed long-term debt and lease obligation  2    
Total noncurrent liabilities:  2    
Other undisclosed liabilities22,92722,52722,11323,14022,23821,66020,858
Total liabilities:22,92722,52722,11523,14022,23821,66020,858
Stockholders' equity
Stockholders' equity attributable to parent, including:3,1352,9312,7172,4962,3622,3302,211
Common stock564559535510490484481
Treasury stock, value(38)(34)(14)(15)(26)(17)(10)
Additional paid in capital2,1512,0851,8151,5521,3381,2291,280
Accumulated other comprehensive income (loss)110(65)1411326210
Retained earnings202241221293383427450
Other undisclosed stockholders' equity attributable to parent145145145145145145 
Stockholders' equity attributable to noncontrolling interest4625544
Total stockholders' equity:3,1382,9372,7182,5012,3672,3342,214
TOTAL LIABILITIES AND EQUITY:26,06625,46424,83325,64124,60523,99423,072

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
Revenues687649968896850827 
Net investment income671633547492457448 
Financial services revenue420404392379 
Cost of revenue(50)(43)(45)(36)(29)(46)(37)
Cost of goods and services sold     (17)(17)
Provision for loan, lease, and other losses(50)(43)
Financial services costs(45)(36)(29)(30)(20)
Gross profit:637606922860821781(37)
Operating expenses(162)(153)(603)(582)(546)(535)(383)
Other operating income, net
(Noninterest Income, Other Operating Income)
65514448364039
Operating income (loss):540505364326311285(381)
Nonoperating income (expense)
(Investment Income, Nonoperating)
4(0)25(0)616 
Interest and debt expense(103)(65)(44)(33)(28)(28)(31)
Other undisclosed income from continuing operations before equity method investments, income taxes911058510894109795
Income from continuing operations before income taxes:532544430401384383383
Income tax expense(109)(106)(111)(124)(117)(120)(122)
Net income:423438320277267263261
Net loss attributable to noncontrolling interest(1)(5)(1)(1)(3)(1)(0)
Net income attributable to parent:421434319275264262261
Preferred stock dividends and other adjustments(9)(9)(9)(9)(9)(4) 
Net income available to common stockholders, diluted:412425310266255258261

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:423438320277267263261
Other comprehensive income (loss)175(48)3(21)(30)52(127)
Comprehensive income:598390323255237315135
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(5)(1)(1)(3)(1)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income, net of tax, attributable to parent:596385323254234314134

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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