Keycorp (KEY) FY2012 results: revenue $4.1 billion, up 4.2% on the year
Keycorp (KEY) reported revenue of $4.1 billion for fiscal 2012, the year ended 31 December 2012, up 4.2% on the year before. Net income was $858 million, down 6.7%, and diluted earnings per share $0.89. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$4.1 billion
+4.2% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$858 million
-6.7% on the year
FY2007FY2012
Diluted EPS
$0.89
+2.3% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
4,120
3,955
4,465
+4.2%
Interest expense
441
622
897
-29.1%
Pre-tax income
1,073
1,331
793
-19.4%
Income tax
231
364
186
-36.5%
Effective tax rate
21.5%
27.3%
23.5%
Net income
858
920
554
-6.7%
Net margin
20.8%
23.3%
12.4%
Diluted EPS
$0.89
$0.87
$0.44
+2.3%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,299
1,793
2,724
-27.6%
Capital expenditure
152
158
156
-3.8%
Free cash flow
1,147
1,635
2,568
-29.8%
Cash from investing
-248
1,723
1,974
Cash from financing
-1,160
-3,101
-4,891
Depreciation and amortisation
235
201
330
+16.9%
Share-based compensation
49.0
41.0
55.0
+19.5%
Buybacks
251
n/a
n/a
Dividends paid
191
164
184
+16.5%
Dividend per share
$0.18
$0.10
$0.04
+80.0%
Diluted shares, weighted
943m
936m
878m
+0.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
10,271
9,905
11,117
+3.7%
Non-controlling interest
38.0
17.0
257
+123.5%
Deposits
65,993
61,956
60,610
+6.5%
Repurchase agreements
1,609
1,711
2,045
-6.0%
Short-term borrowings
n/a
n/a
1,151
Debt
8,743
11,568
10,592
-24.4%
Other liabilities
2,582
3,628
6,071
-28.8%
Total liabilities and equity
89,236
88,785
91,843
+0.5%
Fixed assets
965
944
908
+2.2%
Goodwill
979
917
917
+6.8%
Intangible assets
171
17.0
21.0
+905.9%
Investments
3,940
3,519
n/a
+12.0%
Securities held for sale or to maturity
n/a
n/a
17.0
Loans
51,934
48,571
48,503
+6.9%
Trading assets
605
623
985
-2.9%
Other assets
30,642
34,194
40,492
-10.4%
Total assets
89,236
88,785
91,843
+0.5%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.