Bank of New York Mellon (BNY) FY2012 results: revenue $14.5 billion, down 1.0% on the year
Bank of New York Mellon Corp. (BNY) reported revenue of $14.5 billion for fiscal 2012, the year ended 31 December 2012, down 1.0% on the year before. Net income was $2.4 billion, down 3.1%, and diluted earnings per share $2.03. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$14.5 billion
-1.0% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$2.4 billion
-3.1% on the year
FY2007FY2012
Diluted EPS
$2.03
0.0% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
14,534
14,680
13,816
-1.0%
Interest expense
534
604
545
-11.6%
Pre-tax income
3,281
3,567
3,635
-8.0%
Income tax
842
1,048
1,047
-19.7%
Effective tax rate
25.7%
29.4%
28.8%
Net income
2,437
2,516
2,518
-3.1%
Net margin
16.8%
17.1%
18.2%
Diluted EPS
$2.03
$2.03
$2.05
0.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,629
2,211
4,050
-26.3%
Capital expenditure
652
642
230
+1.6%
Free cash flow
977
1,569
3,820
-37.7%
Cash from investing
-29,387
-80,178
-14,937
Cash from financing
28,288
78,765
10,790
-64.1%
Depreciation and amortisation
1,246
776
629
+60.6%
Buybacks
1,148
873
41.0
+31.5%
Dividends paid
623
593
440
+5.1%
Dividend per share
$0.52
$0.48
$0.36
+8.3%
Diluted shares, weighted
1,178m
1,223m
1,216m
-3.6%
Shares outstanding at period end
1,163m
1,210m
1,242m
-3.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
36,431
33,417
32,354
+9.0%
Non-controlling interest
833
670
711
+24.3%
Debt
18,530
19,933
16,517
-7.0%
Other liabilities
303,196
271,246
197,677
+11.8%
Total liabilities and equity
358,990
325,266
247,259
+10.4%
Goodwill
18,075
17,904
18,042
+1.0%
Intangible assets
4,809
5,152
5,696
-6.7%
Securities held for sale or to maturity
92,619
78,467
n/a
+18.0%
Cash and equivalents
4,727
4,175
3,675
+13.2%
Other assets
238,760
219,568
219,846
+8.7%
Total assets
358,990
325,266
247,259
+10.4%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.