Keycorp (KEY) FY2017 results: revenue $6.3 billion, up 25.4% on the year
Keycorp (KEY) reported revenue of $6.3 billion for fiscal 2017, the year ended 31 December 2017, up 25.4% on the year before. Net income was $1.3 billion, up 63.8%, and diluted earnings per share $1.13. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2018.
Revenue
$6.3 billion
+25.4% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$1.3 billion
+63.8% on the year
FY2010FY2017
Diluted EPS
$1.13
+41.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
6,255
4,990
4,228
+25.4%
Interest expense
613
400
274
+53.2%
Pre-tax income
1,928
968
1,222
+99.2%
Income tax
637
179
303
+255.9%
Effective tax rate
33.0%
18.5%
24.8%
Net income
1,296
791
916
+63.8%
Net margin
20.7%
15.9%
21.7%
Diluted EPS
$1.13
$0.80
$1.05
+41.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,815
1,689
1,131
+7.5%
Capital expenditure
112
145
75.0
-22.8%
Free cash flow
1,703
1,544
1,056
+10.3%
Cash from investing
-2,239
-6,457
-2,023
Cash from financing
418
4,838
846
-91.4%
Depreciation and amortisation
138
123
120
+12.2%
Share-based compensation
100
99.0
58.0
+1.0%
Buybacks
664
140
448
+374.3%
Dividends paid
480
335
267
+43.3%
Dividend per share
$0.38
$0.33
$0.29
+15.2%
Diluted shares, weighted
1,089m
939m
844m
+16.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
15,023
15,240
10,746
-1.4%
Non-controlling interest
2.0
0.0
13.0
Deposits
105,235
104,087
71,046
+1.1%
Repurchase agreements
377
1,502
372
-74.9%
Debt
15,344
14,694
11,089
+4.4%
Other liabilities
1,717
930
1,867
+84.6%
Total liabilities and equity
137,698
136,453
95,133
+0.9%
Fixed assets
930
978
779
-4.9%
Goodwill
2,538
2,446
1,060
+3.8%
Intangible assets
416
384
65.0
+8.3%
Investments
4,447
2,775
2,707
+60.3%
Loans
85,528
85,180
59,080
+0.4%
Trading assets
836
867
788
-3.6%
Cash and equivalents
671
677
n/a
-0.9%
Other assets
42,332
43,146
30,654
-1.9%
Total assets
137,698
136,453
95,133
+0.9%
10-K for the year ended 31 December 2017, filed 26 February 2018: the filing.