State Street (STT) FY2021 results: revenue $12.0 billion, up 2.8% on the year
State Street Corp. (STT) reported revenue of $12.0 billion for fiscal 2021, the year ended 31 December 2021, up 2.8% on the year before. Net income was $2.7 billion, up 11.3%, and diluted earnings per share $7.19. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$12.0 billion
+2.8% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$2.7 billion
+11.3% on the year
FY2014FY2021
Diluted EPS
$7.19
+13.8% on the year
FY2014FY2021
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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
-6,710
3,532
5,690
Capital expenditure
811
560
730
+44.8%
Free cash flow
-7,521
2,972
4,960
Cash from investing
-2,172
-65,534
-2,626
Cash from financing
9,046
62,167
-2,974
-85.4%
Buybacks
900
515
1,585
+74.8%
Dividends paid
866
889
930
-2.6%
Dividend per share
$2.18
$2.08
$1.98
+4.8%
Diluted shares, weighted
358m
357m
374m
+0.2%
Shares outstanding at period end
366m
353m
357m
+3.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
27,363
26,200
24,431
+4.4%
Deposits
255,035
239,798
181,872
+6.4%
Debt
15,178
21,205
14,450
-28.4%
Other liabilities
17,048
27,503
24,857
-38.0%
Total liabilities and equity
314,624
314,706
245,610
-0.0%
Fixed assets
2,261
2,154
2,282
+5.0%
Goodwill
7,621
7,683
7,556
-0.8%
Intangible assets
1,816
1,827
2,030
-0.6%
Securities held for sale or to maturity
115,829
107,977
95,597
+7.3%
Loans
32,445
n/a
n/a
Trading assets
758
815
914
-7.0%
Cash and equivalents
3,631
3,467
3,302
+4.7%
Other assets
150,263
190,783
133,929
-21.2%
Total assets
314,624
314,706
245,610
-0.0%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.