Comerica Incorporated (CMA) financial statements (2020 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)

9/30/2019
TTM
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 investments4,2634,6955,9417,3106,2606,1706,563
Cash and cash equivalents4,1174,5615,8457,2186,1476,0716,451
Short-term investments146134969211399112
Total current assets:4,2634,6955,9417,3106,2606,1706,563
Noncurrent Assets
Operating lease, right-of-use asset320
Property, plant and equipment467475466501550532594
Intangible assets, net (including goodwill) 635635635635635635
Goodwill 635635635635635635
Regulated entity, other noncurrent assets138578  
Total noncurrent assets:8001,1181,1061,1431,1931,1671,229
Other undisclosed assets67,78565,00564,52064,52564,42461,85357,435
TOTAL ASSETS:72,84870,81871,56772,97871,87769,19065,227
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5144102523116253
Total current liabilities:5144102523116253
Noncurrent Liabilities
Other undisclosed liabilities65,59763,26763,59465,15764,29461,67257,821
Total liabilities:65,64863,31163,60465,18264,31761,78858,074
Stockholders' equity
Stockholders' equity attributable to parent7,2007,5077,9637,7967,5607,4027,153
Common stock1,1411,1411,1411,1411,1411,1411,141
Treasury stock, value(5,146)(3,954)(2,736)(2,428)(2,409)(2,259)(2,097)
Additional paid in capital2,1722,1482,1222,1352,1732,1882,179
Accumulated other comprehensive loss(336)(609)(451)(383)(429)(412)(391)
Retained earnings9,3698,7817,8877,3317,0846,7446,321
Total stockholders' equity:7,2007,5077,9637,7967,5607,4027,153
TOTAL LIABILITIES AND EQUITY:72,84870,81871,56772,97871,87769,19065,227

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,5872,3812,7102,3882,2832,031 
Net investment income2,5592,3541,9321,6621,5681,539 
Financial services revenue778726715492 
Cost of revenue(79) (74)(248)(147)(27)(46)
Provision for loan, lease, and other losses(79) 
Financial services costs(74)(248)(147)(27)(46)
Gross profit:2,5082,3812,6362,1402,1362,004(46)
Operating expenses(198)(235)(1,137)(1,233)(1,160)(1,414)(1,258)
Other operating income, net
(Noninterest Income, Other Operating Income)
9396111102103142112
Operating income (loss):2,4032,2421,6101,0091,079732(1,192)
Nonoperating income85868884804140
Foreign currency transaction gain, before tax4447454240  
Bank owned life insurance income41394342403940
Interest and debt expense(443)(267)(121)(112)(95)(63)(112)
Income (loss) from continuing operations before income taxes:2,0452,0611,5779811,064710(1,264)
Income tax expense(342)(300)(491)(193)(229)(277)(189)
Income (loss) before gain (loss) on sale of properties:1,7031,7611,086788835433(1,453)
Other undisclosed net income (loss)(464)(526)(343)(311)(314)1601,994
Net income attributable to parent:1,2391,235743477521593541
Other undisclosed net loss available to common stockholders, basic(7)(8)(5)(4)(6)(7)(8)
Net income available to common stockholders, diluted:1,2321,227738473515586533

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,2391,235743477521593541
Other comprehensive income (loss)275(159)1946(17)(21)22
Comprehensive income, net of tax, attributable to parent:1,5141,076762523504572563

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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