State Street Corporation (STT) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 CONGRESS STREET
BOSTON, MA 02114
State of Incorp. MA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105,563109,989120,42772,26776,63770,427
Cash and cash equivalents105,563109,989120,42772,26776,63769,334
Short-term investments      1,093
Receivables 23531736730912997
Total current assets:105,798110,306120,79472,57676,76670,524
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1671355578
Operating lease, right-of-use asset500542720858
Property, plant and equipment  2,1542,2822,2142,186
Long-term investments and receivables4,4463,7063,0952,8992,9122,259
Long-term investments4,4463,7063,0952,8992,9122,259
Intangible assets, net (including goodwill)9,0399,4379,5109,5869,8157,635
Goodwill7,4957,6217,6837,5567,4466,022
Intangible assets, net (excluding goodwill)1,5441,8161,8272,0302,3691,613
Deferred income tax assets1,127254233216
Total noncurrent assets:15,27914,07415,76715,91914,94112,080
Other undisclosed assets180,373190,244178,145157,115152,919155,821
TOTAL ASSETS:301,450314,624314,706245,610244,626238,425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3,2741,7034,0981,9414,1743,986
Total current liabilities:3,2741,7034,0981,9414,1743,986
Noncurrent Liabilities
Other undisclosed liabilities272,985285,558284,408219,238215,662212,122
Total liabilities:276,259287,261288,506221,179219,836216,108
Equity
Equity, attributable to parent, including:25,19127,36326,20024,43124,79022,317
Common stock504504504504504504
Treasury stock, value(11,336)(10,009)(10,609)(10,209)(8,715)(9,029)
Additional paid in capital10,73010,78710,20510,13210,0619,799
Accumulated other comprehensive income (loss)(3,711)(1,133)187(876)(1,356)(1,009)
Retained earnings27,02825,23823,44221,91820,60618,856
Other undisclosed equity, attributable to parent1,9761,9762,4712,9623,6903,196
Total equity:25,19127,36326,20024,43124,79022,317
TOTAL LIABILITIES AND EQUITY:301,450314,624314,706245,610244,626238,425

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues12,14812,02711,70311,75611,98211,170
Net investment income4,0881,9082,5753,9413,6622,908
Financial services revenue8,905
Cost of revenue   (88)(10)(15)(2)
Provision for loan, lease, and other losses   (88)(10)(15)
Financial services costs(2)
Gross profit:12,14812,02711,61511,74611,96711,168
Operating expenses(4,172)(3,374)(3,251)(3,154)(2,988)(7,414)
Other operating expense, net
(Other Expenses)
(1,075)(896)(965)(1,262)(1,176)(589)
Operating income:6,9017,7577,3997,3307,8033,165
Interest and debt expense(1,544)(3)(375)(1,375)(991)(604)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (4,125)(3,243)(3,813)338
Income from continuing operations before equity method investments, income taxes:5,3577,7542,8992,7122,9992,899
Other undisclosed income (loss) from continuing operations before income taxes(2,030)(4,583)    
Income from continuing operations before income taxes:3,3273,1712,8992,7122,9992,899
Income tax expense(553)(478)(479)(470)(400)(722)
Income from continuing operations:2,7742,6932,4202,2422,5992,177
Income before gain (loss) on sale of properties:2,6932,4202,2422,5992,177
Net income attributable to parent:2,7742,6932,4202,2422,5992,177
Other undisclosed net loss available to common stockholders, basic(114)(121)(163)(233)(189)(184)
Net income available to common stockholders, diluted:2,6602,5722,2572,0092,4101,993

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,7742,6932,4202,2422,5992,177
Other comprehensive income (loss)85(47)(3)(11)(347)1,031
Comprehensive income:2,8592,6462,4172,2312,2523,208
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,663)(1,273)1,066575  
Comprehensive income, net of tax, attributable to parent:1961,3733,4832,8062,2523,208

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.

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