State Street (STT) FY2022 results: revenue $12.1 billion, up 1.0% on the year
State Street Corp. (STT) reported revenue of $12.1 billion for fiscal 2022, the year ended 31 December 2022, up 1.0% on the year before. Net income was $2.8 billion, up 3.0%, and diluted earnings per share $7.19. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$12.1 billion
+1.0% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$2.8 billion
+3.0% on the year
FY2015FY2022
Diluted EPS
$7.19
0.0% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
11,954
-6,710
3,532
Capital expenditure
734
811
560
-9.5%
Free cash flow
11,220
-7,521
2,972
Cash from investing
6,816
-2,172
-65,534
Cash from financing
-18,431
9,046
62,167
Buybacks
1,500
900
515
+66.7%
Dividends paid
972
866
889
+12.2%
Dividend per share
$2.40
$2.18
$2.08
+10.1%
Diluted shares, weighted
370m
358m
357m
+3.4%
Shares outstanding at period end
349m
366m
353m
-4.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
25,191
27,363
26,200
-7.9%
Deposits
235,464
255,035
239,798
-7.7%
Debt
18,270
15,178
21,205
+20.4%
Other liabilities
22,525
17,048
27,503
+32.1%
Total liabilities and equity
301,450
314,624
314,706
-4.2%
Fixed assets
2,315
2,261
2,154
+2.4%
Goodwill
7,495
7,621
7,683
-1.7%
Intangible assets
1,544
1,816
1,827
-15.0%
Securities held for sale or to maturity
105,279
115,829
107,977
-9.1%
Loans
32,053
32,445
n/a
-1.2%
Trading assets
650
758
815
-14.2%
Cash and equivalents
3,970
3,631
3,467
+9.3%
Other assets
148,144
150,263
190,783
-1.4%
Total assets
301,450
314,624
314,706
-4.2%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.