Keycorp (KEY) FY2011 results: revenue $4.0 billion, down 11.4% on the year
Keycorp (KEY) reported revenue of $4.0 billion for fiscal 2011, the year ended 31 December 2011, down 11.4% on the year before. Net income was $920 million, up 66.1%, and diluted earnings per share $0.87. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2012.
Revenue
$4.0 billion
-11.4% on the year
FY2007FY2011
Operating margin
n/a
FY2007FY2011
Net income
$920 million
+66.1% on the year
FY2007FY2011
Diluted EPS
$0.87
+97.7% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
3,955
4,465
4,415
-11.4%
Interest expense
622
897
1,415
-30.7%
Pre-tax income
1,331
793
-2,298
+67.8%
Income tax
364
186
-1,035
+95.7%
Effective tax rate
27.3%
23.5%
n/a
Net income
920
554
-1,335
+66.1%
Net margin
23.3%
12.4%
-30.2%
Diluted EPS
$0.87
$0.44
-$2.34
+97.7%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,793
2,724
2,320
-34.2%
Capital expenditure
158
156
229
+1.3%
Free cash flow
1,635
2,568
2,091
-36.3%
Cash from investing
1,723
1,974
6,609
-12.7%
Cash from financing
-3,101
-4,891
-9,703
Depreciation and amortisation
201
330
389
-39.1%
Share-based compensation
41.0
55.0
54.0
-25.5%
Dividends paid
164
184
213
-10.9%
Dividend per share
$0.10
$0.04
$0.09
+150.0%
Diluted shares, weighted
936m
878m
697m
+6.6%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
9,905
11,117
10,663
-10.9%
Non-controlling interest
17.0
257
270
-93.4%
Deposits
61,956
60,610
65,571
+2.2%
Repurchase agreements
1,711
2,045
1,742
-16.3%
Short-term borrowings
n/a
1,151
340
Debt
11,568
10,592
11,558
+9.2%
Other liabilities
3,628
6,071
3,143
-40.2%
Total liabilities and equity
88,785
91,843
93,287
-3.3%
Fixed assets
944
908
880
+4.0%
Goodwill
917
917
917
0.0%
Intangible assets
17.0
21.0
50.0
-19.0%
Investments
3,519
n/a
n/a
Securities held for sale or to maturity
n/a
17.0
24.0
Loans
48,571
48,503
56,236
+0.1%
Trading assets
623
985
1,209
-36.8%
Other assets
34,194
40,492
33,971
-15.6%
Total assets
88,785
91,843
93,287
-3.3%
10-K for the year ended 31 December 2011, filed 27 February 2012: the filing.