Bank of New York Mellon (BNY) FY2020 results: revenue $15.8 billion, down 4.0% on the year
Bank of New York Mellon Corp. (BNY) reported revenue of $15.8 billion for fiscal 2020, the year ended 31 December 2020, down 4.0% on the year before. Net income was $3.6 billion, down 18.6%, and diluted earnings per share $3.83. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$15.8 billion
-4.0% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$3.6 billion
-18.6% on the year
FY2013FY2020
Diluted EPS
$3.83
-15.1% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
15,808
16,462
16,392
-4.0%
Interest expense
1,132
4,360
2,821
-74.0%
Income tax
842
1,120
938
-24.8%
Net income
3,617
4,441
4,266
-18.6%
Net margin
22.9%
27.0%
26.0%
Diluted EPS
$3.83
$4.51
$4.04
-15.1%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
5,038
96.0
5,996
+5,147.9%
Capital expenditure
1,222
1,210
1,108
+1.0%
Free cash flow
3,816
-1,114
4,888
Cash from investing
-78,455
-10,548
3,299
Cash from financing
75,508
9,459
-8,098
+698.3%
Depreciation and amortisation
1,630
1,315
1,339
+24.0%
Buybacks
989
3,327
3,269
-70.3%
Dividends paid
1,117
1,120
1,052
-0.3%
Dividend per share
$1.24
$1.18
$1.04
+5.1%
Diluted shares, weighted
893m
943m
1,007m
-5.4%
Shares outstanding at period end
887m
901m
960m
-1.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
45,801
41,483
40,638
+10.4%
Non-controlling interest
143
102
101
+40.2%
Redeemable equity
176
143
129
+23.1%
Deposits
341,545
n/a
n/a
Repurchase agreements
11,305
n/a
n/a
Trading liabilities
6,031
n/a
n/a
Debt
37,639
43,460
48,572
-13.4%
Other liabilities
26,993
296,320
273,433
-90.9%
Total liabilities and equity
469,633
381,508
362,873
+23.1%
Fixed assets
3,602
n/a
n/a
Goodwill
17,496
17,386
17,350
+0.6%
Intangible assets
3,012
3,107
3,220
-3.1%
Securities held for sale or to maturity
156,441
123,033
119,791
+27.2%
Resale agreements
30,907
n/a
n/a
Securities borrowed
11,640
11,621
10,588
+0.2%
Trading assets
15,272
n/a
n/a
Cash and equivalents
6,252
4,830
5,864
+29.4%
Other assets
225,011
221,531
206,060
+1.6%
Total assets
469,633
381,508
362,873
+23.1%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.