Bank of New York Mellon (BNY) FY2021 results: revenue $15.9 billion, up 0.8% on the year
Bank of New York Mellon Corp. (BNY) reported revenue of $15.9 billion for fiscal 2021, the year ended 31 December 2021, up 0.8% on the year before. Net income was $3.8 billion, up 3.9%, and diluted earnings per share $4.14. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$15.9 billion
+0.8% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$3.8 billion
+3.9% on the year
FY2014FY2021
Diluted EPS
$4.14
+8.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,838
5,038
96.0
-43.7%
Capital expenditure
1,215
1,222
1,210
-0.6%
Free cash flow
1,623
3,816
-1,114
-57.5%
Cash from investing
19,672
-78,455
-10,548
Cash from financing
-21,962
75,508
9,459
Depreciation and amortisation
1,867
1,630
1,315
+14.5%
Buybacks
4,567
989
3,327
+361.8%
Dividends paid
1,126
1,117
1,120
+0.8%
Dividend per share
$1.30
$1.24
$1.18
+4.8%
Diluted shares, weighted
856m
893m
943m
-4.1%
Shares outstanding at period end
804m
887m
901m
-9.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
43,034
45,801
41,483
-6.0%
Non-controlling interest
196
143
102
+37.1%
Redeemable equity
161
176
143
-8.5%
Deposits
319,694
341,545
n/a
-6.4%
Repurchase agreements
11,566
11,305
n/a
+2.3%
Trading liabilities
5,469
6,031
n/a
-9.3%
Debt
38,246
37,639
43,460
+1.6%
Other liabilities
26,072
26,993
296,320
-3.4%
Total liabilities and equity
444,438
469,633
381,508
-5.4%
Fixed assets
3,431
3,602
n/a
-4.7%
Goodwill
17,512
17,496
17,386
+0.1%
Intangible assets
2,991
3,012
3,107
-0.7%
Securities held for sale or to maturity
158,705
156,441
123,033
+1.4%
Resale agreements
29,607
30,907
n/a
-4.2%
Securities borrowed
11,655
11,640
11,621
+0.1%
Trading assets
16,577
15,272
n/a
+8.5%
Cash and equivalents
6,061
6,252
4,830
-3.1%
Other assets
197,899
225,011
221,531
-12.0%
Total assets
444,438
469,633
381,508
-5.4%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.