Keycorp (KEY) FY2015 results: revenue $4.2 billion, up 3.4% on the year
Keycorp (KEY) reported revenue of $4.2 billion for fiscal 2015, the year ended 31 December 2015, up 3.4% on the year before. Net income was $916 million, up 1.8%, and diluted earnings per share $1.05. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$4.2 billion
+3.4% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$916 million
+1.8% on the year
FY2008FY2015
Diluted EPS
$1.05
+6.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
4,228
4,090
4,091
+3.4%
Interest expense
274
261
295
+5.0%
Pre-tax income
1,222
1,272
1,141
-3.9%
Income tax
303
326
271
-7.1%
Effective tax rate
24.8%
25.6%
23.8%
Net income
916
900
910
+1.8%
Net margin
21.7%
22.0%
22.2%
Diluted EPS
$1.05
$0.99
$0.97
+6.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,131
1,320
1,547
-14.3%
Capital expenditure
75.0
97.0
100
-22.7%
Free cash flow
1,056
1,223
1,447
-13.7%
Cash from investing
-2,023
-2,816
-4,192
Cash from financing
846
1,532
2,678
-44.8%
Depreciation and amortisation
120
260
221
-53.8%
Share-based compensation
58.0
44.0
35.0
+31.8%
Buybacks
448
484
474
-7.4%
Dividends paid
267
240
217
+11.2%
Dividend per share
$0.29
$0.25
$0.21
+16.0%
Diluted shares, weighted
844m
878m
913m
-3.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
10,746
10,530
10,303
+2.1%
Non-controlling interest
13.0
12.0
17.0
+8.3%
Deposits
71,046
71,998
69,262
-1.3%
Repurchase agreements
372
575
1,534
-35.3%
Debt
11,089
8,873
9,527
+25.0%
Other liabilities
1,867
1,833
2,291
+1.9%
Total liabilities and equity
95,133
93,821
92,934
+1.4%
Fixed assets
779
841
885
-7.4%
Goodwill
1,060
1,057
979
+0.3%
Intangible assets
65.0
101
127
-35.6%
Investments
2,707
4,269
5,590
-36.6%
Loans
59,080
56,587
53,609
+4.4%
Securities borrowed
n/a
n/a
0.0
Trading assets
788
750
738
+5.1%
Other assets
30,654
30,216
31,006
+1.4%
Total assets
95,133
93,821
92,934
+1.4%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.