Community Bank System, Inc. (CBU) financial statements (2021 and earlier)

Company profile

Business Address 5790 WIDEWATERS PKWY
DEWITT, NY 13214
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National 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 investments1,646205212221174153138
Cash and cash equivalents1,646205212221174153138
Short-term investments000    
Total current assets:1,646205212221174153138
Noncurrent Assets
Operating lease, right-of-use asset3540
Property, plant and equipment16616512012311211494
Intangible assets, net (including goodwill)847837807825481484387
Goodwill794774734734465463375
Intangible assets, net (excluding goodwill)53637491162112
Total noncurrent assets:1,0471,041927948593599481
Other undisclosed assets11,23810,1639,4689,5777,8997,8016,870
TOTAL ASSETS:13,93111,41010,60710,7468,6668,5537,489
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2842425424   
Total current liabilities:2842425424   
Noncurrent Liabilities
Liabilities, other than long-term debt1      
Qualified affordable housing project investments, commitment1     
Total noncurrent liabilities:1      
Other undisclosed liabilities11,5429,3138,8399,0877,4687,4126,502
Total liabilities:11,8279,5558,8949,1117,4687,4126,502
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1041,8551,7141,6351,1981,141988
Treasury stock, value(6)(7)(12)(21)(15)(18)(20)
Additional paid in capital1,025927912895546528410
Accumulated other comprehensive income (loss)62(10)(45)(4)81931
Retained earnings960883796701615567526
Other undisclosed stockholders' equity attributable to parent63626365454442
Total stockholders' equity:2,1041,8551,7141,6351,1981,141988
TOTAL LIABILITIES AND EQUITY:13,93111,41010,60710,7468,6668,5537,489

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
Revenues389386363397344312 
Net investment income389386363329285260 
Financial services revenue685953 
Cost of revenue(14)(8)(11)(11)(8)(6)(7)
Provision for loan, lease, and other losses(14)(8)(11)
Financial services costs(11)(8)(6)(7)
Gross profit:375377352386336306(7)
Operating expenses(487)(475)(444)(629)(267)(233)(227)
Other operating income, net
(Noninterest Income, Other Operating Income)
     123119
Operating income (loss):(112)(98)(92)(243)69196(115)
Nonoperating income
(Bank Owned Life Insurance Income)
      1
Interest and debt expense(20)(27)(18)(14)(11)(11)(12)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes33933432341797(53)255
Income from continuing operations before income taxes:206209213160155132130
Income tax expense(41)(40)(44)(9)(51)(41)(38)
Net income attributable to parent:1651691691511049191
Other undisclosed net loss available to common stockholders, basic(1)(0)(1)(1)(1)(0)(0)
Net income available to common stockholders, basic:1641691681501039191
Dilutive securities, effect on basic earnings per share(1)(0)(1)(1)10 
Net income available to common stockholders, diluted:1641681671501049191

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:1651691691511049191
Other comprehensive income (loss)6(2)(11)03(5)57
Comprehensive income:17116715815110787149
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6637(31)(11)(15)(7) 
Comprehensive income, net of tax, attributable to parent:2372041271409280149

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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