KeyCorp (KEY) financial statements (2021 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)

12/31/2020
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 investments17,2852,0043,2405,1183,4523,3144,922
Cash and cash equivalents1,091732678671677607653
Short-term investments16,1941,2722,5624,4472,7752,7074,269
Disposal group, including discontinued operation     639734
Total current assets:17,2852,0043,2405,1183,4523,9535,656
Noncurrent Assets
Finance lease, right-of-use asset911
Operating lease, right-of-use asset630654
Property, plant and equipment  882930978779841
Intangible assets, net (including goodwill)2,8522,9172,8322,9542,8301,1251,158
Goodwill2,6642,6642,5162,5382,4461,0601,057
Intangible assets, net (excluding goodwill)18825331641638465101
Total noncurrent assets:3,4913,5823,7143,8843,8081,9041,999
Other undisclosed assets149,560139,402132,659128,696129,19389,27686,166
TOTAL ASSETS:170,336144,988139,613137,698136,45395,13393,821
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt759705544634808533423
Total current liabilities:759705544634808533423
Noncurrent Liabilities
Other undisclosed liabilities151,596127,245123,473122,039120,40583,84182,856
Total liabilities:152,355127,950124,017122,673121,21384,37483,279
Stockholders' equity
Stockholders' equity attributable to parent, including:17,98117,03815,59515,02315,24010,74610,530
Preferred stock1,9001,9001,4501,0251,665  
Common stock1,2571,2571,2571,2571,2571,0171,017
Treasury stock, value(4,946)(4,909)(4,181)(3,150)(2,904)(3,000)(2,681)
Additional paid in capital6,2816,2956,3316,3356,3853,9223,986
Accumulated other comprehensive income (loss)73826(818)(779)(541)(405)(356)
Retained earnings12,75112,46911,55610,3359,3788,9228,273
Other undisclosed stockholders' equity attributable to parent     290291
Stockholders' equity attributable to noncontrolling interest  12 1312
Total stockholders' equity:17,98117,03815,59615,02515,24010,75910,542
TOTAL LIABILITIES AND EQUITY:170,336144,988139,613137,698136,45395,13393,821

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
Revenues6,7156,4006,4556,3085,0242,6782,715
Net investment income3,9534,3914,135  2,1942,137
Financial services revenue542484484578
Cost of revenue(1,021)(445)(246)(229)(266)(166)(57)
Provision for loan, lease, and other losses(1,021)(445)(246)
Financial services costs(229)(266)(166)(57)
Gross profit:5,6945,9556,2096,0794,7582,5122,658
Operating expenses(361)(374)(400)(384)(2,376)(2,370)(2,303)
Operating income:5,3335,5815,8095,6952,382142355
Nonoperating income     127153
Investment income, nonoperating      35
Bank owned life insurance income     127118
Interest and debt expense(651)(1,326)(969)(613)(400)(274)(261)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(3,097)(2,201)(2,606)(3,101)(980) 1,025
Income (loss) from continuing operations before equity method investments, income taxes:1,5852,0542,2341,9811,002(5)1,272
Other undisclosed income (loss) from continuing operations before income taxes(29)(32)(31)(53)(34)1,227 
Income from continuing operations before income taxes:1,5562,0222,2031,9289681,2221,272
Income tax expense(227)(314)(344)(637)(179)(303)(326)
Income from continuing operations:1,3291,7081,8591,291789919946
Income (loss) from discontinued operations1497711(39)
Net income:1,3431,7171,8661,298790920907
Net income (loss) attributable to noncontrolling interest   (2)1(4)(7)
Net income attributable to parent:1,3431,7171,8661,296791916900
Other undisclosed net loss available to common stockholders, basic(106)(97)(66)(70)(37)(23)(22)
Net income available to common stockholders, diluted:1,2371,6201,8001,226754893878

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:1,3431,7171,8661,298790920907
Other comprehensive income (loss)712844(39)(238)(136)(49)(4)
Other undisclosed comprehensive loss      (7)
Comprehensive income:2,0552,5611,8271,060654871896
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (2)1(4)(7)
Other undisclosed comprehensive income, net of tax, attributable to parent      14
Comprehensive income, net of tax, attributable to parent:2,0552,5611,8271,058655867903

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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