State Street Corporation (STT) financial statements (2021 and earlier)

Company profile

Business Address ONE LINCOLN STREET
BOSTON, MA 02111
State of Incorp. MA
Fiscal Year End December 31
SIC 6022 - State 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 investments120,42772,26776,63770,42773,27377,39496,302
Cash and cash equivalents120,42772,26776,63769,33472,24976,54595,378
Short-term investments   1,0931,024849924
Receivables36730912997106154 
Total current assets:120,79472,57676,76670,52473,37977,54896,302
Noncurrent Assets
Finance lease, right-of-use asset5578
Operating lease, right-of-use asset720858
Property, plant and equipment2,1542,2822,2142,1862,0621,8941,937
Long-term investments and receivables3,0952,8992,9122,2592,3632,034 
Long-term investments3,0952,8992,9122,2592,3632,034 
Intangible assets, net (including goodwill)9,5109,5869,8157,6357,5647,4397,851
Goodwill7,6837,5567,4466,0225,8145,6715,826
Intangible assets, net (excluding goodwill)1,8272,0302,3691,6131,7501,7682,025
Deferred income tax assets233216
Total noncurrent assets:15,76715,91914,94112,08011,98911,3679,788
Other undisclosed assets178,145157,115152,919155,821157,330156,277168,029
TOTAL ASSETS:314,706245,610244,626238,425242,698245,192274,119
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4,0981,9414,1743,9865,9858,86716,846
Total current liabilities:4,0981,9414,1743,9865,9858,86716,846
Noncurrent Liabilities
Long-term debt and lease obligation, including:      769
Other undisclosed long-term debt and lease obligation      769
Total noncurrent liabilities:      769
Other undisclosed liabilities284,408219,238215,662212,122215,494215,190235,031
Total liabilities:288,506221,179219,836216,108221,479224,057252,646
Stockholders' equity
Stockholders' equity attributable to parent, including:26,20024,43124,79022,31721,21921,10321,473
Common stock504504504504504504504
Treasury stock, value(10,609)(10,209)(8,715)(9,029)(7,682)(6,457)(5,158)
Additional paid in capital10,20510,13210,0619,7999,7829,7469,791
Accumulated other comprehensive income (loss)187(876)(1,356)(1,009)(2,040)(1,442)(507)
Retained earnings23,44221,91820,60618,85617,45916,04914,882
Other undisclosed stockholders' equity attributable to parent2,4712,9623,6903,1963,1962,7031,961
Stockholders' equity attributable to noncontrolling interest     32 
Total stockholders' equity:26,20024,43124,79022,31721,21921,13521,473
TOTAL LIABILITIES AND EQUITY:314,706245,610244,626238,425242,698245,192274,119

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
Revenues11,70311,75611,98211,17010,20710,36010,295
Net investment income2,5753,9413,6622,9082,5122,4883,152
Financial services revenue8,9058,1168,2788,031
Cost of revenue(88)(10)(15)(2)(10)(12)(10)
Provision for loan, lease, and other losses(88)(10)(15)
Financial services costs(2)(10)(12)(10)
Gross profit:11,61511,74611,96711,16810,19710,34810,285
Operating expenses(3,251)(3,154)(2,988)(7,414)(7,284)(7,007)(6,823)
Other operating expense, net
(Other Expenses)
(965)(1,262)(1,176)(589)(584)(1,018)(751)
Operating income:7,3997,3307,8033,1652,3292,3232,711
Nonoperating income
(Investment Income, Nonoperating)
      14
Interest and debt expense(375)(1,375)(991)(604)(428)(400)(392)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(4,125)(3,243)(3,813)338219375125
Income from continuing operations before income taxes:2,8992,7122,9992,8992,1202,2982,458
Income tax expense (benefit)(479)(470)(400)(722)22(318)(421)
Net income:2,4202,2422,5992,1772,1421,9802,037
Net income attributable to noncontrolling interest    1  
Net income attributable to parent:2,4202,2422,5992,1772,1431,9802,037
Other undisclosed net loss available to common stockholders, basic(163)(233)(189)(184)(175)(132)(64)
Net income available to common stockholders, diluted:2,2572,0092,4101,9931,9681,8481,973

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:2,4202,2422,5992,1772,1421,9802,037
Other comprehensive income (loss)(3)(11)(347)1,031(598)(935)(412)
Comprehensive income:2,4172,2312,2523,2081,5441,0451,625
Comprehensive income, net of tax, attributable to noncontrolling interest    1  
Other undisclosed comprehensive income, net of tax, attributable to parent1,066575     
Comprehensive income, net of tax, attributable to parent:3,4832,8062,2523,2081,5451,0451,625

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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