Bank of New York Mellon (BNY) FY2019 results: revenue $16.5 billion, up 0.4% on the year
Bank of New York Mellon Corp. (BNY) reported revenue of $16.5 billion for fiscal 2019, the year ended 31 December 2019, up 0.4% on the year before. Net income was $4.4 billion, up 4.1%, and diluted earnings per share $4.51. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$16.5 billion
+0.4% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$4.4 billion
+4.1% on the year
FY2012FY2019
Diluted EPS
$4.51
+11.6% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
16,462
16,392
15,543
+0.4%
Interest expense
4,360
2,821
1,074
+54.6%
Income tax
1,120
938
496
+19.4%
Net income
4,441
4,266
4,090
+4.1%
Net margin
27.0%
26.0%
26.3%
Diluted EPS
$4.51
$4.04
$3.72
+11.6%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
96.0
5,996
4,667
-98.4%
Capital expenditure
1,210
1,108
1,197
+9.2%
Free cash flow
-1,114
4,888
3,470
Cash from investing
-10,548
3,299
-32,705
Cash from financing
9,459
-8,098
26,780
Depreciation and amortisation
1,315
1,339
1,474
-1.8%
Buybacks
3,327
3,269
2,686
+1.8%
Dividends paid
1,120
1,052
901
+6.5%
Dividend per share
$1.18
$1.04
$0.86
+13.5%
Diluted shares, weighted
943m
1,007m
1,040m
-6.4%
Shares outstanding at period end
901m
960m
1,013m
-6.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
41,483
40,638
41,251
+2.1%
Non-controlling interest
102
101
316
+1.0%
Redeemable equity
143
129
179
+10.9%
Debt
43,460
48,572
49,245
-10.5%
Other liabilities
296,320
273,433
280,767
+8.4%
Total liabilities and equity
381,508
362,873
371,758
+5.1%
Goodwill
17,386
17,350
17,564
+0.2%
Intangible assets
3,107
3,220
3,411
-3.5%
Securities held for sale or to maturity
123,033
119,791
120,370
+2.7%
Securities borrowed
11,621
10,588
11,199
+9.8%
Cash and equivalents
4,830
5,864
5,382
-17.6%
Other assets
221,531
206,060
213,832
+7.5%
Total assets
381,508
362,873
371,758
+5.1%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.