Keycorp (KEY) FY2014 results: revenue $4.1 billion, unchanged on the year
Keycorp (KEY) reported revenue of $4.1 billion for fiscal 2014, the year ended 31 December 2014, unchanged on the year before. Net income was $900 million, down 1.1%, and diluted earnings per share $0.99. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$4.1 billion
-0.0% on the year
FY2007FY2014
Operating margin
n/a
FY2007FY2014
Net income
$900 million
-1.1% on the year
FY2007FY2014
Diluted EPS
$0.99
+2.1% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
4,090
4,091
4,120
-0.0%
Interest expense
261
295
441
-11.5%
Pre-tax income
1,272
1,141
1,073
+11.5%
Income tax
326
271
231
+20.3%
Effective tax rate
25.6%
23.8%
21.5%
Net income
900
910
858
-1.1%
Net margin
22.0%
22.2%
20.8%
Diluted EPS
$0.99
$0.97
$0.89
+2.1%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,320
1,547
1,299
-14.7%
Capital expenditure
97.0
100
152
-3.0%
Free cash flow
1,223
1,447
1,147
-15.5%
Cash from investing
-2,816
-4,192
-248
Cash from financing
1,532
2,678
-1,160
-42.8%
Depreciation and amortisation
260
221
235
+17.6%
Share-based compensation
44.0
35.0
49.0
+25.7%
Buybacks
484
474
251
+2.1%
Dividends paid
240
217
191
+10.6%
Dividend per share
$0.25
$0.21
$0.18
+16.3%
Diluted shares, weighted
878m
913m
943m
-3.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
10,530
10,303
10,271
+2.2%
Non-controlling interest
12.0
17.0
38.0
-29.4%
Deposits
71,998
69,262
65,993
+4.0%
Repurchase agreements
575
1,534
1,609
-62.5%
Debt
8,873
9,527
8,743
-6.9%
Other liabilities
1,833
2,291
2,582
-20.0%
Total liabilities and equity
93,821
92,934
89,236
+1.0%
Fixed assets
841
885
965
-5.0%
Goodwill
1,057
979
979
+8.0%
Intangible assets
101
127
171
-20.5%
Investments
4,269
5,590
3,940
-23.6%
Loans
56,587
53,609
51,934
+5.6%
Securities borrowed
n/a
0.0
n/a
Trading assets
750
738
605
+1.6%
Other assets
30,216
31,006
30,642
-2.5%
Total assets
93,821
92,934
89,236
+1.0%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.