Community Bank System, Inc. (CBU) financial statements (2020 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)

12/31/2019
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 investments205212221174153138150
Cash and cash equivalents205212221174153138150
Short-term investments00     
Total current assets:205212221174153138150
Noncurrent Assets
Operating lease, right-of-use asset40
Property, plant and equipment1651201231121149494
Intangible assets, net (including goodwill)837807825481484387390
Goodwill774734734465463375375
Intangible assets, net (excluding goodwill)63749116211216
Total noncurrent assets:1,041927948593599481484
Other undisclosed assets10,1639,4689,5777,8997,8016,8706,462
TOTAL ASSETS:11,41010,60710,7468,6668,5537,4897,096
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2425424    
Total current liabilities:2425424    
Noncurrent Liabilities
Other undisclosed liabilities9,3138,8399,0877,4687,4126,5026,220
Total liabilities:9,5558,8949,1117,4687,4126,5026,220
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8551,7141,6351,1981,141988876
Treasury stock, value(7)(12)(21)(15)(18)(20)(17)
Additional paid in capital927912895546528410397
Accumulated other comprehensive income (loss)(10)(45)(4)81931(27)
Retained earnings883796701615567526482
Other undisclosed stockholders' equity attributable to parent62636545444241
Total stockholders' equity:1,8551,7141,6351,1981,141988876
TOTAL LIABILITIES AND EQUITY:11,41010,60710,7468,6668,5537,4897,096

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
Revenues386363397344312  
Net investment income386363329285260  
Financial services revenue685953  
Cost of revenue(8)(11)(11)(8)(6)(7)(8)
Provision for loan, lease, and other losses(8)(11)
Financial services costs(11)(8)(6)(7)(8)
Gross profit:377352386336306(7)(8)
Operating expenses(475)(444)(629)(267)(233)(227)(221)
Other operating income, net
(Noninterest Income, Other Operating Income)
    123119102
Operating income (loss):(98)(92)(243)69196(115)(127)
Nonoperating income
(Bank Owned Life Insurance Income)
     11
Interest and debt expense(27)(18)(14)(11)(11)(12)(113)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes33432341797(53)255350
Income from continuing operations before income taxes:209213160155132130111
Income tax expense(40)(44)(9)(51)(41)(38)(32)
Net income attributable to parent:169169151104919179
Other undisclosed net loss available to common stockholders, basic(0)(1)(1)(1)(0)(0) 
Net income available to common stockholders, basic:169168150103919179
Dilutive securities, effect on basic earnings per share(0)(1)(1)10  
Net income available to common stockholders, diluted:168167150104919179

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:169169151104919179
Other comprehensive income (loss)(2)(11)03(5)57(81)
Comprehensive income (loss):16715815110787149(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent37(31)(11)(15)(7)  
Comprehensive income (loss), net of tax, attributable to parent:2041271409280149(2)

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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