First Niagara Financial Group Inc (FNFG) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
726 EXCHANGE STREET BUFFALO, NY 14210 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6021 - National Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 420 | 463 | 431 | |||
| Cash and cash equivalents | 420 | 463 | 431 | |||
| Disposal group, including discontinued operation | 40 | |||||
| Total current assets: | 460 | 463 | 431 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 407 | 418 | 411 | |||
| Intangible assets, net (including goodwill) | 1,417 | 2,543 | 2,618 | |||
| Goodwill | 1,350 | 2,449 | 2,484 | |||
| Intangible assets, net (excluding goodwill) | 67 | 94 | 134 | |||
| Total noncurrent assets: | 1,824 | 2,961 | 3,028 | |||
| Other undisclosed assets | 36,267 | 34,204 | 33,347 | |||
| TOTAL ASSETS: | 38,551 | 37,628 | 36,806 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Debt | 5,472 | 4,822 | 2,984 | |||
| Total current liabilities: | 5,472 | 4,822 | 2,984 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 733 | 734 | 732 | |||
| Long-term debt, excluding current maturities | 733 | 734 | 732 | |||
| Total noncurrent liabilities: | 733 | 734 | 732 | |||
| Other undisclosed liabilities | 28,253 | 27,079 | 28,164 | |||
| Total liabilities: | 34,458 | 32,635 | 31,880 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 4,093 | 4,993 | 4,927 | |||
| Preferred stock | 338 | 338 | 338 | |||
| Common stock | 4 | 4 | 4 | |||
| Treasury stock, value | (162) | (165) | (184) | |||
| Additional paid in capital | 4,235 | 4,235 | 4,231 | |||
| Accumulated other comprehensive income (loss) | 9 | 62 | 157 | |||
| Retained earnings (accumulated deficit) | (330) | 536 | 399 | |||
| Other undisclosed equity, attributable to parent | (1) | (17) | (18) | |||
| Total equity: | 4,093 | 4,993 | 4,927 | |||
| TOTAL LIABILITIES AND EQUITY: | 38,551 | 37,628 | 36,806 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 1,076 | ||||
| Net investment income | 847 | ||||
| Financial services revenue | 229 | ||||
| Cost of revenue (Financial Services Costs) | (96) | ||||
| Gross profit: | 980 | ||||
| Operating expenses | (1,905) | (607) | (758) | ||
| Operating income (loss): | (925) | (607) | (758) | ||
| Nonoperating income (Bank Owned Life Insurance Income) | 15 | 17 | 14 | ||
| Interest and debt expense | (122) | (117) | (153) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 208 | 1,130 | 1,137 | ||
| Income (loss) from continuing operations before income taxes: | (824) | 423 | 239 | ||
| Income tax expense (benefit) | 109 | (128) | (71) | ||
| Income (loss) from continuing operations: | (715) | 295 | 168 | ||
| Income (loss) before gain (loss) on sale of properties: | (715) | 295 | 168 | ||
| Net income (loss): | (715) | 295 | 168 | ||
| Other undisclosed net income attributable to parent | |||||
| Net income (loss) attributable to parent: | (715) | 295 | 168 | ||
| Other undisclosed net loss available to common stockholders, basic | (30) | (30) | (28) | ||
| Net income (loss) available to common stockholders, diluted: | (745) | 265 | 141 | ||
Comprehensive Income ($ in millions)
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income (loss): | (715) | 295 | 168 | ||
| Other comprehensive income (loss) | (53) | (95) | 89 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (768) | 200 | 258 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.