PacWest Bancorp (PACW) financial statements (2021 and earlier)

Company profile

Business Address 130 S. STATE COLLEGE BLVD.
BREA, CA 92821
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 investments3,016641386398420396313
Cash and cash equivalents3,010638386398420396313
Short-term investments63     
Assets held-for-sale, not part of disposal group   481  
Total current assets:3,016641386880420396313
Noncurrent Assets
Finance lease, right-of-use asset120129
Operating lease, right-of-use asset120129
Property, plant and equipment39393532393937
Long-term investments and receivables   11225
Long-term investments   11225
Intangible assets, net (including goodwill)1,1022,5872,6062,6282,2102,2301,738
Goodwill1,0792,5492,5492,5492,1742,1761,720
Intangible assets, net (excluding goodwill)24385780365317
Total noncurrent assets:1,3812,8842,6402,6612,2502,2711,799
Other undisclosed assets25,10123,24622,70521,45419,20018,62114,122
TOTAL ASSETS:29,49826,77125,73124,99521,87021,28816,235
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities593139    
Taxes payable593139    
Total current liabilities:593139    
Noncurrent Liabilities
Other undisclosed liabilities25,84421,78520,86720,01717,39116,89112,728
Total liabilities:25,90321,81620,90620,01717,39116,89112,728
Stockholders' equity
Stockholders' equity attributable to parent3,5954,9554,8264,9784,4794,3983,506
Common stock1111111
Treasury stock, value(89)(83)(75)(66)(56)(51)(43)
Additional paid in capital3,1013,3063,7234,2874,1624,4063,807
Accumulated other comprehensive income (loss)17379(6)3162826
Retained earnings (accumulated deficit)4091,6521,18372336614(286)
Total stockholders' equity:3,5954,9554,8264,9784,4794,3983,506
TOTAL LIABILITIES AND EQUITY:29,49826,77125,73124,99521,87021,28816,235

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
Revenues1,2501,3621,3101,0501,02188717
Revenue, net3838342417
Net investment income9971,1041,050954925820 
Cost of revenue(339)(22)(45)(58)(66)(45) 
Provision for loan, lease, and other losses(339)(22) 
Financial services costs(45)(58)(66)(45) 
Gross profit:9111,3401,26599295684117
Operating expenses(1,590)(123)(449)(424)(388)(337)(303)
Other operating income, net   281531318
Noninterest income, other operating income   28153122
Other expenses      296
Operating income (loss):(680)1,21781659658353632
Nonoperating income107119112991007156
Investment income, nonoperating107116112981006852
Interest and debt expense(89)(205)(121)(73)(55)(61)(42)
Other undisclosed income from continuing operations before equity method investments, income taxes      124
Income (loss) from continuing operations before equity method investments, income taxes:(662)1,131808622629546170
Other undisclosed income (loss) from continuing operations before income taxes(501)(498)(175)(67)(71)(66)114
Income (loss) from continuing operations before income taxes:(1,162)633633555558480284
Income tax expense(75)(164)(168)(197)(206)(181)(114)
Income (loss) from continuing operations:(1,238)469465358352300170
Income from discontinued operations      1
Income (loss) before gain (loss) on sale of properties:(1,238)469465358352300172
Other undisclosed net loss      (3)
Net income (loss) attributable to parent:(1,238)469465358352300169
Undistributed earnings (loss) allocated to participating securities, basic(2)   
Other undisclosed net loss available to common stockholders, basic (5)(5) (4)(3)(2)
Net income (loss) available to common stockholders, diluted:(1,239)463460358348297167

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 (loss):(1,238)469465358352300169
Comprehensive income (loss):(1,238)469465358352300169
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9485(43)25(22)130
Comprehensive income (loss), net of tax, attributable to parent:(1,144)553422383330301199

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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