Bank of New York Mellon (BNY) FY2015 results: revenue $15.1 billion, down 2.6% on the year
Bank of New York Mellon Corp. (BNY) reported revenue of $15.1 billion for fiscal 2015, the year ended 31 December 2015, down 2.6% on the year before. Net income was $3.2 billion, up 23.0%, and diluted earnings per share $2.71. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$15.1 billion
-2.6% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$3.2 billion
+23.0% on the year
FY2008FY2015
Diluted EPS
$2.71
+26.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
15,126
15,529
14,968
-2.6%
Interest expense
300
354
343
-15.3%
Pre-tax income
4,171
3,479
3,697
+19.9%
Income tax
1,013
912
1,592
+11.1%
Effective tax rate
24.3%
26.2%
43.1%
Net income
3,158
2,567
2,104
+23.0%
Net margin
20.9%
16.5%
14.1%
Diluted EPS
$2.71
$2.15
$1.73
+26.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
4,127
4,484
-642
-8.0%
Capital expenditure
601
791
609
-24.0%
Free cash flow
3,526
3,693
-1,251
-4.5%
Cash from investing
-19,787
-11,675
-13,200
Cash from financing
15,185
7,829
15,621
+94.0%
Depreciation and amortisation
1,457
1,292
1,389
+12.8%
Buybacks
2,355
1,669
1,026
+41.1%
Dividends paid
760
760
680
0.0%
Dividend per share
$0.68
$0.66
$0.58
+3.0%
Diluted shares, weighted
1,113m
1,137m
1,154m
-2.2%
Shares outstanding at period end
1,085m
1,118m
1,142m
-2.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
38,037
37,441
37,521
+1.6%
Non-controlling interest
738
1,033
783
-28.6%
Redeemable equity
200
229
230
-12.7%
Debt
37,072
20,264
19,864
+82.9%
Other liabilities
317,733
326,336
315,912
-2.6%
Total liabilities and equity
393,780
385,303
374,310
+2.2%
Goodwill
17,618
17,869
18,073
-1.4%
Intangible assets
3,842
4,127
4,452
-6.9%
Securities held for sale or to maturity
119,179
119,263
99,052
-0.1%
Securities borrowed
7,630
300
114
+2,443.3%
Cash and equivalents
6,537
6,970
6,460
-6.2%
Other assets
238,974
236,774
246,159
+0.9%
Total assets
393,780
385,303
374,310
+2.2%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.