Keycorp (KEY) FY2020 results: revenue $6.7 billion, up 5.0% on the year
Keycorp (KEY) reported revenue of $6.7 billion for fiscal 2020, the year ended 31 December 2020, up 5.0% on the year before. Net income was $1.3 billion, down 21.8%, and diluted earnings per share $1.27. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$6.7 billion
+5.0% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$1.3 billion
-21.8% on the year
FY2013FY2020
Diluted EPS
$1.27
-21.6% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
6,686
6,368
6,424
+5.0%
Interest expense
651
1,326
969
-50.9%
Pre-tax income
1,556
2,022
2,203
-23.0%
Income tax
227
314
344
-27.7%
Effective tax rate
14.6%
15.5%
15.6%
Net income
1,343
1,717
1,866
-21.8%
Net margin
20.1%
27.0%
29.0%
Diluted EPS
$1.27
$1.62
$1.71
-21.6%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,673
2,906
2,506
-42.4%
Capital expenditure
63.0
85.0
99.0
-25.9%
Free cash flow
1,610
2,821
2,407
-42.9%
Cash from investing
-24,721
-4,918
-2,482
Cash from financing
23,407
2,066
-17.0
+1,033.0%
Depreciation and amortisation
115
118
131
-2.5%
Share-based compensation
101
96.0
99.0
+5.2%
Buybacks
134
835
1,098
-84.0%
Dividends paid
829
804
656
+3.1%
Dividend per share
$0.74
$0.71
$0.56
+4.2%
Diluted shares, weighted
975m
1,002m
1,055m
-2.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
17,981
17,038
15,595
+5.5%
Non-controlling interest
0.0
0.0
1.0
Deposits
135,282
111,870
107,309
+20.9%
Repurchase agreements
220
387
319
-43.2%
Debt
14,688
13,540
14,595
+8.5%
Other liabilities
2,165
2,153
1,794
+0.6%
Total liabilities and equity
170,336
144,988
139,613
+17.5%
Fixed assets
n/a
814
882
Goodwill
2,664
2,664
2,516
0.0%
Intangible assets
188
253
316
-25.7%
Investments
16,194
1,272
2,562
+1,173.1%
Loans
n/a
93,746
88,669
Securities borrowed
0.0
0.0
n/a
Trading assets
735
1,040
849
-29.3%
Cash and equivalents
1,091
732
678
+49.0%
Other assets
149,464
44,467
43,141
+236.1%
Total assets
170,336
144,988
139,613
+17.5%
10-K for the year ended 31 December 2020, filed 22 February 2021: the filing.