Keycorp (KEY) FY2023 results: revenue $6.4 billion, down 11.9% on the year
Keycorp (KEY) reported revenue of $6.4 billion for fiscal 2023, the year ended 31 December 2023, down 11.9% on the year before. Net income was $967 million, down 49.6%, and diluted earnings per share $0.88. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$6.4 billion
-11.9% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$967 million
-49.6% on the year
FY2016FY2023
Diluted EPS
$0.88
-54.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,903
4,469
1,153
-35.0%
Capital expenditure
142
96.0
66.0
+47.9%
Free cash flow
2,761
4,373
1,087
-36.9%
Cash from investing
1,417
-10,934
-15,068
Cash from financing
-4,266
6,439
13,737
Depreciation and amortisation
89.0
96.0
107
-7.3%
Share-based compensation
121
120
104
+0.8%
Buybacks
0.0
0.0
585
Dividends paid
911
854
823
+6.7%
Dividend per share
$0.82
$0.79
$0.75
+3.8%
Diluted shares, weighted
933m
933m
957m
-0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
14,637
13,454
17,423
+8.8%
Deposits
145,587
142,595
152,572
+2.1%
Repurchase agreements
38.0
4,077
173
-99.1%
Debt
22,645
28,770
12,803
-21.3%
Other liabilities
5,374
917
3,375
+486.0%
Total liabilities and equity
188,281
189,813
186,346
-0.8%
Goodwill
2,752
2,752
2,693
0.0%
Intangible assets
55.0
94.0
130
-41.5%
Investments
10,817
2,432
11,010
+344.8%
Loans
111,098
118,057
n/a
-5.9%
Securities borrowed
0.0
0.0
0.0
Trading assets
1,142
829
701
+37.8%
Cash and equivalents
941
887
913
+6.1%
Other assets
61,476
64,762
170,899
-5.1%
Total assets
188,281
189,813
186,346
-0.8%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.