KeyCorp (KEY) financial statements (2022 and earlier)

Company profile

Business Address 127 PUBLIC SQ
CLEVELAND, OH 44114-1306
State of Incorp. OH
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 investments11,92317,2852,0043,2405,1183,4523,314
Cash and cash equivalents9131,091732678671677607
Short-term investments11,01016,1941,2722,5624,4472,7752,707
Disposal group, including discontinued operation      639
Total current assets:11,92317,2852,0043,2405,1183,4523,953
Noncurrent Assets
Finance lease, right-of-use asset5911
Operating lease, right-of-use asset595630654
Property, plant and equipment   882930978779
Intangible assets, net (including goodwill)2,8232,8522,9172,8322,9542,8301,125
Goodwill2,6932,6642,6642,5162,5382,4461,060
Intangible assets, net (excluding goodwill)13018825331641638465
Total noncurrent assets:3,4233,4913,5823,7143,8843,8081,904
Other undisclosed assets171,000149,560139,402132,659128,696129,19389,276
TOTAL ASSETS:186,346170,336144,988139,613137,698136,45395,133
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt588759705544634808533
Total current liabilities:588759705544634808533
Noncurrent Liabilities
Other undisclosed liabilities168,335151,596127,245123,473122,039120,40583,841
Total liabilities:168,923152,355127,950124,017122,673121,21384,374
Stockholders' equity
Stockholders' equity attributable to parent, including:17,42317,98117,03815,59515,02315,24010,746
Preferred stock1,9001,9001,9001,4501,0251,665 
Common stock1,2571,2571,2571,2571,2571,2571,017
Treasury stock, value(5,979)(4,946)(4,909)(4,181)(3,150)(2,904)(3,000)
Additional paid in capital6,2786,2816,2956,3316,3356,3853,922
Accumulated other comprehensive income (loss)(586)73826(818)(779)(541)(405)
Retained earnings14,55312,75112,46911,55610,3359,3788,922
Other undisclosed stockholders' equity attributable to parent      290
Stockholders' equity attributable to noncontrolling interest   12 13
Total stockholders' equity:17,42317,98117,03815,59615,02515,24010,759
TOTAL LIABILITIES AND EQUITY:186,346170,336144,988139,613137,698136,45395,133

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
Revenues7,2926,7156,4006,4556,3085,0242,678
Net investment income3,6103,9534,3914,135  2,194
Financial services revenue542484484
Cost of revenue (1,021)(445)(246)(229)(266)(166)
Provision for loan, lease, and other losses (1,021)(445)(246)
Financial services costs(229)(266)(166)
Gross profit:7,2925,6945,9556,2096,0794,7582,512
Operating expenses(298)(361)(374)(400)(384)(2,376)(2,370)
Operating income:6,9945,3335,5815,8095,6952,382142
Nonoperating income
(Bank Owned Life Insurance Income)
      127
Interest and debt expense(296)(651)(1,326)(969)(613)(400)(274)
Other undisclosed loss from continuing operations before equity method investments, income taxes(3,417)(3,097)(2,201)(2,606)(3,101)(980) 
Income (loss) from continuing operations before equity method investments, income taxes:3,2811,5852,0542,2341,9811,002(5)
Other undisclosed income (loss) from continuing operations before income taxes(27)(29)(32)(31)(53)(34)1,227
Income from continuing operations before income taxes:3,2541,5562,0222,2031,9289681,222
Income tax expense(642)(227)(314)(344)(637)(179)(303)
Income from continuing operations:2,6121,3291,7081,8591,291789919
Income from discontinued operations131497711
Net income:2,6251,3431,7171,8661,298790920
Net income (loss) attributable to noncontrolling interest    (2)1(4)
Net income attributable to parent:2,6251,3431,7171,8661,296791916
Other undisclosed net loss available to common stockholders, basic(106)(106)(97)(66)(70)(37)(23)
Net income available to common stockholders, diluted:2,5191,2371,6201,8001,226754893

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:2,6251,3431,7171,8661,298790920
Other comprehensive income (loss)(1,324)712844(39)(238)(136)(49)
Comprehensive income:1,3012,0552,5611,8271,060654871
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (2)1(4)
Comprehensive income, net of tax, attributable to parent:1,3012,0552,5611,8271,058655867

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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