Bank of New York Mellon (BNY) FY2022 results: revenue $16.5 billion, up 3.8% on the year
Bank of New York Mellon Corp. (BNY) reported revenue of $16.5 billion for fiscal 2022, the year ended 31 December 2022, up 3.8% on the year before. Net income was $2.6 billion, down 32.0%, and diluted earnings per share $2.90. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$16.5 billion
+3.8% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$2.6 billion
-32.0% on the year
FY2015FY2022
Diluted EPS
$2.90
-30.0% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
15,068
2,838
5,038
+430.9%
Capital expenditure
1,346
1,215
1,222
+10.8%
Free cash flow
13,722
1,623
3,816
+745.5%
Cash from investing
19,874
19,672
-78,455
+1.0%
Cash from financing
-33,654
-21,962
75,508
Depreciation and amortisation
1,778
1,867
1,630
-4.8%
Buybacks
124
4,567
989
-97.3%
Dividends paid
1,165
1,126
1,117
+3.5%
Dividend per share
$1.42
$1.30
$1.24
+9.2%
Diluted shares, weighted
815m
856m
893m
-4.9%
Shares outstanding at period end
808m
804m
887m
+0.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
40,734
43,034
45,801
-5.3%
Non-controlling interest
7.0
196
143
-96.4%
Redeemable equity
109
161
176
-32.3%
Deposits
278,970
319,694
341,545
-12.7%
Repurchase agreements
12,335
11,566
11,305
+6.6%
Trading liabilities
5,385
5,469
6,031
-1.5%
Debt
43,190
38,246
37,639
+12.9%
Other liabilities
25,053
26,072
26,993
-3.9%
Total liabilities and equity
405,783
444,438
469,633
-8.7%
Fixed assets
3,256
3,431
3,602
-5.1%
Goodwill
16,150
17,512
17,496
-7.8%
Intangible assets
2,901
2,991
3,012
-3.0%
Securities held for sale or to maturity
142,816
158,705
156,441
-10.0%
Resale agreements
24,298
29,607
30,907
-17.9%
Securities borrowed
9,006
11,655
11,640
-22.7%
Trading assets
9,908
16,577
15,272
-40.2%
Cash and equivalents
5,030
6,061
6,252
-17.0%
Other assets
192,418
197,899
225,011
-2.8%
Total assets
405,783
444,438
469,633
-8.7%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.