Bank of New York Mellon (BNY) FY2016 results: revenue $15.2 billion, up 0.6% on the year
Bank of New York Mellon Corp. (BNY) reported revenue of $15.2 billion for fiscal 2016, the year ended 31 December 2016, up 0.6% on the year before. Net income was $3.5 billion, up 12.3%, and diluted earnings per share $3.15. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$15.2 billion
+0.6% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$3.5 billion
+12.3% on the year
FY2009FY2016
Diluted EPS
$3.15
+16.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
15,211
15,126
15,529
+0.6%
Interest expense
437
300
354
+45.7%
Pre-tax income
n/a
4,171
3,479
Income tax
1,177
1,013
912
+16.2%
Effective tax rate
n/a
24.3%
26.2%
Net income
3,547
3,158
2,567
+12.3%
Net margin
23.3%
20.9%
16.5%
Diluted EPS
$3.15
$2.71
$2.15
+16.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
6,267
4,127
4,484
+51.9%
Capital expenditure
825
601
791
+37.3%
Free cash flow
5,442
3,526
3,693
+54.3%
Cash from investing
50,284
-19,787
-11,675
Cash from financing
-59,050
15,185
7,829
Depreciation and amortisation
1,502
1,457
1,292
+3.1%
Buybacks
2,398
2,355
1,669
+1.8%
Dividends paid
778
760
760
+2.4%
Dividend per share
$0.72
$0.68
$0.66
+5.9%
Diluted shares, weighted
1,072m
1,113m
1,137m
-3.6%
Shares outstanding at period end
1,047m
1,085m
1,118m
-3.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
38,811
38,037
37,441
+2.0%
Non-controlling interest
618
738
1,033
-16.3%
Redeemable equity
151
200
229
-24.5%
Debt
35,206
37,072
20,264
-5.0%
Other liabilities
258,683
317,733
326,336
-18.6%
Total liabilities and equity
333,469
393,780
385,303
-15.3%
Goodwill
17,316
17,618
17,869
-1.7%
Intangible assets
3,598
3,842
4,127
-6.4%
Securities held for sale or to maturity
114,727
119,179
119,263
-3.7%
Securities borrowed
8,694
7,630
300
+13.9%
Cash and equivalents
4,822
6,537
6,970
-26.2%
Other assets
184,312
238,974
236,774
-22.9%
Total assets
333,469
393,780
385,303
-15.3%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.