Keycorp (KEY) FY2013 results: revenue $4.1 billion, down 0.7% on the year
Keycorp (KEY) reported revenue of $4.1 billion for fiscal 2013, the year ended 31 December 2013, down 0.7% on the year before. Net income was $910 million, up 6.1%, and diluted earnings per share $0.97. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$4.1 billion
-0.7% on the year
FY2007FY2013
Operating margin
n/a
FY2007FY2013
Net income
$910 million
+6.1% on the year
FY2007FY2013
Diluted EPS
$0.97
+9.0% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
4,091
4,120
3,955
-0.7%
Interest expense
295
441
622
-33.1%
Pre-tax income
1,141
1,073
1,331
+6.3%
Income tax
271
231
364
+17.3%
Effective tax rate
23.8%
21.5%
27.3%
Net income
910
858
920
+6.1%
Net margin
22.2%
20.8%
23.3%
Diluted EPS
$0.97
$0.89
$0.87
+9.0%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,547
1,299
1,793
+19.1%
Capital expenditure
100
152
158
-34.2%
Free cash flow
1,447
1,147
1,635
+26.2%
Cash from investing
-4,192
-248
1,723
Cash from financing
2,678
-1,160
-3,101
Depreciation and amortisation
221
235
201
-6.0%
Share-based compensation
35.0
49.0
41.0
-28.6%
Buybacks
474
251
n/a
+88.8%
Dividends paid
217
191
164
+13.6%
Dividend per share
$0.21
$0.18
$0.10
+19.4%
Diluted shares, weighted
913m
943m
936m
-3.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
10,303
10,271
9,905
+0.3%
Non-controlling interest
17.0
38.0
17.0
-55.3%
Deposits
69,262
65,993
61,956
+5.0%
Repurchase agreements
1,534
1,609
1,711
-4.7%
Debt
9,527
8,743
11,568
+9.0%
Other liabilities
2,291
2,582
3,628
-11.3%
Total liabilities and equity
92,934
89,236
88,785
+4.1%
Fixed assets
885
965
944
-8.3%
Goodwill
979
979
917
0.0%
Intangible assets
127
171
17.0
-25.7%
Investments
5,590
3,940
3,519
+41.9%
Loans
53,609
51,934
48,571
+3.2%
Securities borrowed
0.0
n/a
n/a
Trading assets
738
605
623
+22.0%
Other assets
31,006
30,642
34,194
+1.2%
Total assets
92,934
89,236
88,785
+4.1%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.