Comerica Incorporated (CMA) financial statements (2021 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)

12/31/2020
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 investments15,9395,9734,6955,9417,3106,2606,170
Cash and cash equivalents15,7675,8184,5615,8457,2186,1476,071
Short-term investments172155134969211399
Total current assets:15,9395,9734,6955,9417,3106,2606,170
Noncurrent Assets
Operating lease, right-of-use asset306329
Property, plant and equipment459457475466501550532
Intangible assets, net (including goodwill)635635635635635635635
Goodwill635635635635635635635
Regulated entity, other noncurrent assets10128578 
Total noncurrent assets:1,4101,4331,1181,1061,1431,1931,167
Other undisclosed assets70,78065,99665,00564,52064,52564,42461,853
TOTAL ASSETS:88,12973,40270,81871,56772,97871,87769,190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 7144102523116
Total current liabilities: 7144102523116
Noncurrent Liabilities
Other undisclosed liabilities80,07966,00463,26763,59465,15764,29461,672
Total liabilities:80,07966,07563,31163,60465,18264,31761,788
Stockholders' equity
Stockholders' equity attributable to parent8,0507,3277,5077,9637,7967,5607,402
Preferred stock394      
Common stock1,1411,1411,1411,1411,1411,1411,141
Treasury stock, value(5,461)(5,291)(3,954)(2,736)(2,428)(2,409)(2,259)
Additional paid in capital2,1852,1742,1482,1222,1352,1732,188
Accumulated other comprehensive income (loss)168(235)(609)(451)(383)(429)(412)
Retained earnings9,6239,5388,7817,8877,3317,0846,744
Total stockholders' equity:8,0507,3277,5077,9637,7967,5607,402
TOTAL LIABILITIES AND EQUITY:88,12973,40270,81871,56772,97871,87769,190

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
Revenues1,8242,5382,3812,7102,3882,2832,031
Net investment income1,8022,5102,3541,9321,6621,5681,539
Financial services revenue778726715492
Cost of revenue(537)(74) (74)(248)(147)(27)
Provision for loan, lease, and other losses(537)(74) 
Financial services costs(74)(248)(147)(27)
Gross profit:1,2872,4642,3812,6362,1402,1362,004
Operating expenses(404)(188)(235)(1,137)(1,233)(1,160)(1,414)
Other operating income, net
(Noninterest Income, Other Operating Income)
11810996111102103142
Operating income:1,0012,3852,2421,6101,0091,079732
Nonoperating income45858688848041
Foreign currency transaction gain, before tax 4447454240 
Bank owned life insurance income44413943424039
Interest and debt expense(182)(468)(267)(121)(112)(95)(63)
Income from continuing operations before income taxes:8642,0022,0611,5779811,064710
Income tax expense(117)(334)(300)(491)(193)(229)(277)
Income before gain (loss) on sale of properties:7471,6681,7611,086788835433
Other undisclosed net income (loss)(273)(470)(526)(343)(311)(314)160
Net income attributable to parent:4741,1981,235743477521593
Other undisclosed net loss available to common stockholders, basic(15)(7)(8)(5)(4)(6)(7)
Net income available to common stockholders, diluted:4591,1911,227738473515586

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:4741,1981,235743477521593
Other comprehensive income (loss)403374(159)1946(17)(21)
Comprehensive income, net of tax, attributable to parent:8771,5721,076762523504572

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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