Keycorp (KEY) FY2018 results: revenue $6.4 billion, up 2.7% on the year
Keycorp (KEY) reported revenue of $6.4 billion for fiscal 2018, the year ended 31 December 2018, up 2.7% on the year before. Net income was $1.9 billion, up 44.0%, and diluted earnings per share $1.71. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$6.4 billion
+2.7% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$1.9 billion
+44.0% on the year
FY2011FY2018
Diluted EPS
$1.71
+51.3% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
6,424
6,255
4,990
+2.7%
Interest expense
969
613
400
+58.1%
Pre-tax income
2,203
1,928
968
+14.3%
Income tax
344
637
179
-46.0%
Effective tax rate
15.6%
33.0%
18.5%
Net income
1,866
1,296
791
+44.0%
Net margin
29.0%
20.7%
15.9%
Diluted EPS
$1.71
$1.13
$0.80
+51.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,506
1,815
1,689
+38.1%
Capital expenditure
99.0
112
145
-11.6%
Free cash flow
2,407
1,703
1,544
+41.3%
Cash from investing
-2,482
-2,239
-6,457
Cash from financing
-17.0
418
4,838
Depreciation and amortisation
131
138
123
-5.1%
Share-based compensation
99.0
100
99.0
-1.0%
Buybacks
1,098
664
140
+65.4%
Dividends paid
656
480
335
+36.7%
Dividend per share
$0.56
$0.38
$0.33
+48.7%
Diluted shares, weighted
1,055m
1,089m
939m
-3.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
15,595
15,023
15,240
+3.8%
Non-controlling interest
1.0
2.0
0.0
-50.0%
Deposits
107,309
105,235
104,087
+2.0%
Repurchase agreements
319
377
1,502
-15.4%
Debt
14,595
15,344
14,694
-4.9%
Other liabilities
1,794
1,717
930
+4.5%
Total liabilities and equity
139,613
137,698
136,453
+1.4%
Fixed assets
882
930
978
-5.2%
Goodwill
2,516
2,538
2,446
-0.9%
Intangible assets
316
416
384
-24.0%
Investments
2,562
4,447
2,775
-42.4%
Loans
88,669
85,528
85,180
+3.7%
Trading assets
849
836
867
+1.6%
Cash and equivalents
678
671
677
+1.0%
Other assets
43,141
42,332
43,146
+1.9%
Total assets
139,613
137,698
136,453
+1.4%
10-K for the year ended 31 December 2018, filed 25 February 2019: the filing.