Keycorp (KEY) FY2016 results: revenue $5.0 billion, up 18.0% on the year
Keycorp (KEY) reported revenue of $5.0 billion for fiscal 2016, the year ended 31 December 2016, up 18.0% on the year before. Net income was $791 million, down 13.6%, and diluted earnings per share $0.80. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$5.0 billion
+18.0% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$791 million
-13.6% on the year
FY2009FY2016
Diluted EPS
$0.80
-23.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
4,990
4,228
4,090
+18.0%
Interest expense
400
274
261
+46.0%
Pre-tax income
968
1,222
1,272
-20.8%
Income tax
179
303
326
-40.9%
Effective tax rate
18.5%
24.8%
25.6%
Net income
791
916
900
-13.6%
Net margin
15.9%
21.7%
22.0%
Diluted EPS
$0.80
$1.05
$0.99
-23.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,689
1,131
1,320
+49.3%
Capital expenditure
145
75.0
97.0
+93.3%
Free cash flow
1,544
1,056
1,223
+46.2%
Cash from investing
-6,457
-2,023
-2,816
Cash from financing
4,838
846
1,532
+471.9%
Depreciation and amortisation
123
120
260
+2.5%
Share-based compensation
99.0
58.0
44.0
+70.7%
Buybacks
140
448
484
-68.8%
Dividends paid
335
267
240
+25.5%
Dividend per share
$0.33
$0.29
$0.25
+13.8%
Diluted shares, weighted
939m
844m
878m
+11.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
15,240
10,746
10,530
+41.8%
Non-controlling interest
0.0
13.0
12.0
Deposits
104,087
71,046
71,998
+46.5%
Repurchase agreements
1,502
372
575
+303.8%
Debt
14,694
11,089
8,873
+32.5%
Other liabilities
930
1,867
1,833
-50.2%
Total liabilities and equity
136,453
95,133
93,821
+43.4%
Fixed assets
978
779
841
+25.5%
Goodwill
2,446
1,060
1,057
+130.8%
Intangible assets
384
65.0
101
+490.8%
Investments
2,775
2,707
4,269
+2.5%
Loans
85,180
59,080
56,587
+44.2%
Trading assets
867
788
750
+10.0%
Cash and equivalents
677
n/a
n/a
Other assets
43,146
30,654
30,216
+40.8%
Total assets
136,453
95,133
93,821
+43.4%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.