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)

12/31/2019
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 investments2,0043,2405,1183,4523,3144,9225,590
Cash and cash equivalents732678671677607653 
Short-term investments1,2722,5624,4472,7752,7074,2695,590
Receivables      53,500
Disposal group, including discontinued operation    639734 
Total current assets:2,0043,2405,1183,4523,9535,65659,090
Noncurrent Assets
Finance lease, right-of-use asset11
Operating lease, right-of-use asset654
Property, plant and equipment 882930978779841885
Intangible assets, net (including goodwill)2,9172,8322,9542,8301,1251,1581,106
Goodwill2,6642,5162,5382,4461,0601,057979
Intangible assets, net (excluding goodwill)25331641638465101127
Total noncurrent assets:3,5823,7143,8843,8081,9041,9991,991
Other undisclosed assets139,402132,659128,696129,19389,27686,16631,853
TOTAL ASSETS:144,988139,613137,698136,45395,13393,82192,934
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt705544634808533423343
Total current liabilities:705544634808533423343
Noncurrent Liabilities
Other undisclosed liabilities127,245123,473122,039120,40583,84182,85682,271
Total liabilities:127,950124,017122,673121,21384,37483,27982,614
Stockholders' equity
Stockholders' equity attributable to parent, including:17,03815,59515,02315,24010,74610,53010,303
Preferred stock1,9001,4501,0251,665   
Common stock1,2571,2571,2571,2571,0171,0171,017
Treasury stock, value(4,909)(4,181)(3,150)(2,904)(3,000)(2,681)(2,281)
Additional paid in capital6,2956,3316,3356,3853,9223,9864,022
Accumulated other comprehensive income (loss)26(818)(779)(541)(405)(356)(352)
Retained earnings12,46911,55610,3359,3788,9228,2737,606
Other undisclosed stockholders' equity attributable to parent    290291291
Stockholders' equity attributable to noncontrolling interest 12 131217
Total stockholders' equity:17,03815,59615,02515,24010,75910,54210,320
TOTAL LIABILITIES AND EQUITY:144,988139,613137,698136,45395,13393,82192,934

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,4006,4556,3085,0242,6782,7156
Net investment income4,3914,135  2,1942,137 
Financial services revenue5424844845786
Cost of revenue(445)(246)(229)(266)(166)(57)(130)
Provision for loan, lease, and other losses(445)(246)
Financial services costs(229)(266)(166)(57)(130)
Gross profit:5,9556,2096,0794,7582,5122,658(124)
Operating expenses(374)(400)(384)(2,376)(2,370)(2,303)(1,937)
Operating income (loss):5,5815,8095,6952,382142355(2,061)
Nonoperating income    127153120
Investment income, nonoperating     35 
Bank owned life insurance income    127118120
Interest and debt expense(1,326)(969)(613)(400)(274)(261)(295)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2,201)(2,606)(3,101)(980) 1,0253,377
Income (loss) from continuing operations before equity method investments, income taxes:2,0542,2341,9811,002(5)1,2721,141
Other undisclosed income (loss) from continuing operations before income taxes(32)(31)(53)(34)1,227  
Income from continuing operations before income taxes:2,0222,2031,9289681,2221,2721,141
Income tax expense(314)(344)(637)(179)(303)(326)(271)
Income from continuing operations:1,7081,8591,291789919946870
Income (loss) from discontinued operations97711(39)40
Net income:1,7171,8661,298790920907910
Net income (loss) attributable to noncontrolling interest  (2)1(4)(7) 
Net income attributable to parent:1,7171,8661,296791916900910
Other undisclosed net loss available to common stockholders, basic(97)(66)(70)(37)(23)(22)(23)
Net income available to common stockholders, diluted:1,6201,8001,226754893878887

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,7171,8661,298790920907910
Other comprehensive income (loss)844(39)(238)(136)(49)(4)(228)
Other undisclosed comprehensive loss     (7) 
Comprehensive income:2,5611,8271,060654871896682
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:2,5611,8271,058655867903682

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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