Comerica Incorporated (CMA) financial statements (2022 and earlier)

Company profile

Business Address 1717 MAIN STREET MC6404
DALLAS, TX 75201
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)

12/31/2021
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 investments22,87615,9395,9734,6955,9417,3106,260
Cash and cash equivalents22,67915,7675,8184,5615,8457,2186,147
Short-term investments1971721551349692113
Total current assets:22,87615,9395,9734,6955,9417,3106,260
Noncurrent Assets
Operating lease, right-of-use asset 306329
Property, plant and equipment454459457475466501550
Intangible assets, net (including goodwill)635635635635635635635
Goodwill635635635635635635635
Regulated entity, other noncurrent assets710128578
Total noncurrent assets:1,0961,4101,4331,1181,1061,1431,193
Other undisclosed assets70,64470,78065,99665,00564,52064,52564,424
TOTAL ASSETS:94,61688,12973,40270,81871,56772,97871,877
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  7144102523
Total current liabilities:  7144102523
Noncurrent Liabilities
Other undisclosed liabilities86,71980,07966,00463,26763,59465,15764,294
Total liabilities:86,71980,07966,07563,31163,60465,18264,317
Stockholders' equity
Stockholders' equity attributable to parent(212)8,0507,3277,5077,9637,7967,560
Preferred stock 394     
Common stock 1,1411,1411,1411,1411,1411,141
Treasury stock, value (5,461)(5,291)(3,954)(2,736)(2,428)(2,409)
Additional paid in capital 2,1852,1742,1482,1222,1352,173
Accumulated other comprehensive income (loss)(212)168(235)(609)(451)(383)(429)
Retained earnings 9,6239,5388,7817,8877,3317,084
Other undisclosed stockholders' equity8,109      
Total stockholders' equity:7,8978,0507,3277,5077,9637,7967,560
TOTAL LIABILITIES AND EQUITY:94,61688,12973,40270,81871,56772,97871,877

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
Revenues1,6361,8242,5382,3812,7102,3882,283
Net investment income1,6211,8022,5102,3541,9321,6621,568
Financial services revenue778726715
Cost of revenue (537)(74) (74)(248)(147)
Provision for loan, lease, and other losses (537)(74) 
Financial services costs(74)(248)(147)
Gross profit:1,6361,2872,4642,3812,6362,1402,136
Operating expenses(415)(404)(188)(235)(1,137)(1,233)(1,160)
Other operating income, net
(Noninterest Income, Other Operating Income)
9911810996111102103
Operating income:1,3201,0012,3852,2421,6101,0091,079
Nonoperating income43458586888480
Foreign currency transaction gain, before tax  4447454240
Bank owned life insurance income43444139434240
Interest and debt expense(57)(182)(468)(267)(121)(112)(95)
Income from continuing operations before income taxes:1,3068642,0022,0611,5779811,064
Income tax expense(322)(117)(334)(300)(491)(193)(229)
Income before gain (loss) on sale of properties:9847471,6681,7611,086788835
Other undisclosed net income (loss)184(273)(470)(526)(343)(311)(314)
Net income attributable to parent:1,1684741,1981,235743477521
Other undisclosed net loss available to common stockholders, basic(28)(15)(7)(8)(5)(4)(6)
Net income available to common stockholders, diluted:1,1404591,1911,227738473515

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:1,1684741,1981,235743477521
Other comprehensive income (loss)(276)403374(159)1946(17)
Comprehensive income, net of tax, attributable to parent:8928771,5721,076762523504

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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