State Street Corporation (STT) financial statements (2020 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)

12/31/2019
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 investments72,26776,63770,42773,27377,39496,302 
Cash and cash equivalents72,26776,63769,33472,24976,54595,378 
Short-term investments  1,0931,024849924 
Receivables30912997106154  
Total current assets:72,57676,76670,52473,37977,54896,302 
Noncurrent Assets
Finance lease, right-of-use asset78
Operating lease, right-of-use asset858
Property, plant and equipment2,2822,2142,1862,0621,8941,9371,860
Long-term investments and receivables2,8992,9122,2592,3632,034  
Long-term investments2,8992,9122,2592,3632,034  
Intangible assets, net (including goodwill)9,5869,8157,6357,5647,4397,8518,396
Goodwill7,5567,4466,0225,8145,6715,8266,036
Intangible assets, net (excluding goodwill)2,0302,3691,6131,7501,7682,0252,360
Deferred income tax assets216
Total noncurrent assets:15,91914,94112,08011,98911,3679,78810,256
Other undisclosed assets157,115152,919155,821157,330156,277168,029233,035
TOTAL ASSETS:245,610244,626238,425242,698245,192274,119243,291
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,9414,1743,9865,9858,86716,8466,230
Total current liabilities:1,9414,1743,9865,9858,86716,8466,230
Noncurrent Liabilities
Long-term debt and lease obligation, including:     769788
Other undisclosed long-term debt and lease obligation     769788
Total noncurrent liabilities:     769788
Other undisclosed liabilities219,238215,662212,122215,494215,190235,031215,895
Total liabilities:221,179219,836216,108221,479224,057252,646222,913
Stockholders' equity
Stockholders' equity attributable to parent, including:24,43124,79022,31721,21921,10321,47320,378
Common stock504504504504504504504
Treasury stock, value(10,209)(8,715)(9,029)(7,682)(6,457)(5,158)(3,693)
Additional paid in capital10,13210,0619,7999,7829,7469,7919,776
Accumulated other comprehensive loss(876)(1,356)(1,009)(2,040)(1,442)(507)(95)
Retained earnings21,91820,60618,85617,45916,04914,88213,395
Other undisclosed stockholders' equity attributable to parent2,9623,6903,1963,1962,7031,961491
Stockholders' equity attributable to noncontrolling interest    32  
Total stockholders' equity:24,43124,79022,31721,21921,13521,47320,378
TOTAL LIABILITIES AND EQUITY:245,610244,626238,425242,698245,192274,119243,291

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
Revenues11,75611,98211,17010,20710,36010,2959,884
Net investment income3,9413,6622,9082,5122,4883,152 
Financial services revenue8,9058,1168,2788,03110,304
Cost of revenue(10)(15)(2)(10)(12)(10)(6)
Provision for loan, lease, and other losses(10)(15)
Financial services costs(2)(10)(12)(10)(6)
Gross profit:11,74611,96711,16810,19710,34810,2859,878
Operating expenses(3,154)(2,988)(7,414)(7,284)(7,007)(6,823)(4,977)
Other operating income (expense), net
(Other Expenses)
(1,262)(1,176)(589)(584)(1,018)(751)547
Operating income:7,3307,8033,1652,3292,3232,7115,448
Nonoperating income
(Investment Income, Nonoperating)
     1414
Interest and debt expense(1,375)(991)(604)(428)(400)(392)(411)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(3,243)(3,813)338219375125(2,365)
Income from continuing operations before income taxes:2,7122,9992,8992,1202,2982,4582,686
Income tax expense (benefit)(470)(400)(722)22(318)(421)(550)
Net income:2,2422,5992,1772,1421,9802,0372,136
Net income attributable to noncontrolling interest   1   
Net income attributable to parent:2,2422,5992,1772,1431,9802,0372,136
Other undisclosed net loss available to common stockholders, basic(233)(189)(184)(175)(132)(64)(34)
Net income available to common stockholders, diluted:2,0092,4101,9931,9681,8481,9732,102

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:2,2422,5992,1772,1421,9802,0372,136
Other comprehensive income (loss)(11)(347)1,031(598)(935)(412)(455)
Comprehensive income:2,2312,2523,2081,5441,0451,6251,681
Comprehensive income, net of tax, attributable to noncontrolling interest   1   
Other undisclosed comprehensive income, net of tax, attributable to parent575      
Comprehensive income, net of tax, attributable to parent:2,8062,2523,2081,5451,0451,6251,681

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: