Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of KeyCorp.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.39B | $5.89B | $7.03B | $7.04B | $6.49B | $6.18B | $6.24B | $6.06B | $4.75B | $4.07B |
| Cost of Revenue | $- | $-4.50B | $- | $- | $- | $- | $83.00M | $- | $- | $- |
| Gross Profit | $4.39B | $10.40B | $7.03B | $7.04B | $6.49B | $6.18B | $6.16B | $6.06B | $4.75B | $4.07B |
| Gross Profit Ratio | 100.00% | 176.40% | 100.00% | 100.00% | 100.00% | 100.00% | 98.67% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $2.77B | $2.66B | $2.66B | $2.69B | $2.48B | $2.35B | $2.46B | $2.42B | $2.15B | $1.71B |
| Selling and Marketing Expenses | $94.00M | $109.00M | $123.00M | $126.00M | $97.00M | $96.00M | $102.00M | $120.00M | $101.00M | $57.00M |
| Selling General and Administrative Expenses | $2.87B | $3.66B | $2.78B | $2.81B | $2.57B | $2.45B | $2.56B | $2.54B | $2.25B | $1.77B |
| Other Expenses | $1.52B | $- | $437.00M | $-6.58B | $-7.49B | $-6.60B | $-5.54B | $-5.75B | $-5.37B | $-4.13B |
| Operating Expenses | $4.39B | $3.66B | $3.22B | $-3.77B | $-4.92B | $-4.15B | $-2.98B | $-3.21B | $-3.13B | $-2.37B |
| Cost and Expenses | $4.39B | $3.66B | $3.22B | $-3.77B | $-4.92B | $-4.15B | $-2.98B | $-3.21B | $-3.13B | $-2.37B |
| Interest Income | $8.43B | $7.93B | $5.41B | $4.37B | $4.68B | $5.24B | $4.88B | $4.39B | $3.32B | $2.62B |
| Interest Expense | $4.66B | $4.01B | $885.00M | $296.00M | $651.00M | $1.33B | $969.00M | $613.00M | $400.00M | $274.00M |
| Depreciation and Amortization | $73.00M | $134.00M | $96.00M | $165.00M | $180.00M | $207.00M | $382.00M | $407.00M | $314.00M | $36.00M |
| EBITDA | $- | $1.25B | $2.47B | $3.29B | $1.67B | $2.26B | $2.58B | $2.33B | $1.28B | $1.47B |
| EBITDA Ratio | 0.00% | 21.19% | 35.12% | 46.69% | 25.69% | 36.61% | 41.43% | 38.51% | 26.96% | 36.10% |
| Operating Income | $76.00M | $2.23B | $3.22B | $3.27B | $1.57B | $2.03B | $3.18B | $2.86B | $1.63B | $1.70B |
| Operating Income Ratio | 1.73% | 37.92% | 45.84% | 46.42% | 24.19% | 32.85% | 50.95% | 47.14% | 34.26% | 41.88% |
| Total Other Income Expenses Net | $-382.00M | $-1.07B | $-714.00M | $-705.00M | $-712.00M | $-778.00M | $-637.00M | $-746.00M | $-700.00M | $-440.00M |
| Income Before Tax | $-306.00M | $1.16B | $2.33B | $3.25B | $1.56B | $2.02B | $2.20B | $1.93B | $968.00M | $1.22B |
| Income Before Tax Ratio | -6.97% | 19.68% | 33.17% | 46.23% | 23.98% | 32.71% | 35.30% | 31.80% | 20.36% | 30.03% |
| Income Tax Expense | $-305.68M | $196.00M | $422.00M | $642.00M | $227.00M | $314.00M | $344.00M | $637.00M | $179.00M | $303.00M |
| Net Income | $-320.00K | $967.00M | $1.92B | $2.62B | $1.34B | $1.72B | $1.87B | $1.30B | $791.00M | $916.00M |
| Net Income Ratio | -0.01% | 16.41% | 27.26% | 37.30% | 20.69% | 27.77% | 29.90% | 21.38% | 16.64% | 22.51% |
| EPS | $0.00 | $0.89 | $1.95 | $2.66 | $1.28 | $1.63 | $1.79 | $1.21 | $0.85 | $1.09 |
| EPS Diluted | $0.00 | $0.88 | $1.93 | $2.63 | $1.27 | $1.62 | $1.77 | $1.19 | $0.84 | $1.08 |
| Weighted Average Shares Outstanding | 949.56M | 927.22M | 924.36M | 947.07M | 967.78M | 992.09M | 1.04B | 1.07B | 927.82M | 836.85M |
| Weighted Average Shares Outstanding Diluted | 949.56M | 932.76M | 933.06M | 957.41M | 974.81M | 1.00B | 1.05B | 1.09B | 938.54M | 844.49M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.74B | $941.00M | $887.00M | $913.00M | $1.09B | $732.00M | $678.00M | $671.00M | $677.00M | $607.00M |
| Short Term Investments | $17.50B | $19.39B | $41.55B | $56.37B | $43.75B | $23.11B | $21.99B | $22.59B | $22.99B | $16.93B |
| Cash and Short Term Investments | $19.25B | $941.00M | $4.55B | $57.29B | $44.84B | $23.85B | $3.39B | $5.36B | $3.70B | $3.61B |
| Net Receivables | $2.71B | $- | $13.16B | $12.34B | $11.18B | $10.18B | $4.57B | $4.78B | $4.64B | $3.97B |
| Inventory | $- | $- | $-4.61B | $-12.83B | $-18.36B | $-3.08B | $-36.00M | $-43.00M | $-42.00M | $-47.00M |
| Other Current Assets | $- | $- | $4.58B | $- | $- | $- | $88.90B | $84.14B | $85.63B | $59.09B |
| Total Current Assets | $19.25B | $941.00M | $17.68B | $69.62B | $56.02B | $34.03B | $100.90B | $97.85B | $97.84B | $69.97B |
| Property Plant Equipment Net | $614.00M | $661.00M | $636.00M | $681.00M | $753.00M | $814.00M | $882.00M | $930.00M | $978.00M | $779.00M |
| Goodwill | $2.75B | $2.75B | $2.75B | $2.69B | $2.66B | $2.66B | $2.52B | $2.54B | $2.45B | $1.06B |
| Intangible Assets | $27.00M | $55.00M | $94.00M | $130.00M | $188.00M | $253.00M | $316.00M | $416.00M | $384.00M | $65.00M |
| Goodwill and Intangible Assets | $2.78B | $2.81B | $2.85B | $2.82B | $2.85B | $2.92B | $2.83B | $2.95B | $2.83B | $1.12B |
| Long Term Investments | $- | $58.96B | $52.40B | $65.25B | $52.70B | $34.83B | $35.02B | $35.98B | $34.82B | $23.27B |
| Tax Assets | $- | $- | $2.02B | $1.10B | $1.16B | $- | $914.00M | $320.00M | $1.44B | $- |
| Other Non-Current Assets | $- | $113.30B | $-2.04B | $-1.10B | $-1.16B | $-38.56B | $-939.00M | $-335.00M | $-1.45B | $-6.00M |
| Total Non-Current Assets | $3.39B | $175.72B | $55.86B | $68.76B | $56.31B | $38.56B | $38.71B | $39.85B | $38.61B | $25.16B |
| Other Assets | $164.53B | $11.62B | $116.27B | $47.97B | $58.01B | $72.40B | $- | $- | $- | $- |
| Total Assets | $187.17B | $188.28B | $189.81B | $186.35B | $170.34B | $144.99B | $139.61B | $137.70B | $136.45B | $95.13B |
| Account Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Short Term Debt | $2.13B | $3.05B | $5.39B | $588.00M | $759.00M | $705.00M | $544.00M | $634.00M | $808.00M | $533.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-2.13B | $- | $-5.39B | $-588.00M | $-759.00M | $-705.00M | $-544.00M | $-634.00M | $-808.00M | $- |
| Total Current Liabilities | $2.13B | $3.05B | $5.39B | $588.00M | $759.00M | $705.00M | $544.00M | $634.00M | $808.00M | $533.00M |
| Long Term Debt | $12.11B | $19.55B | $19.30B | $12.04B | $13.71B | $12.45B | $13.73B | $14.32B | $12.38B | $10.18B |
| Deferred Revenue Non-Current | $- | $- | $- | $11.72B | $13.20B | $13.06B | $-692.00M | $-2.09B | $-829.00M | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $911.00M | $1.26B | $89.00M | $692.00M | $770.00M | $829.00M | $- |
| Other Non-Current Liabilities | $154.76B | $152.24B | $151.67B | $156.29B | $137.89B | $114.80B | $109.74B | $3.43B | $108.02B | $73.66B |
| Total Non-Current Liabilities | $166.86B | $171.79B | $5.39B | $12.63B | $14.47B | $13.15B | $13.73B | $14.33B | $12.38B | $10.19B |
| Other Liabilities | $- | $-1.20B | $165.59B | $155.71B | $137.13B | $114.09B | $109.74B | $107.71B | $108.02B | $73.66B |
| Total Liabilities | $168.99B | $173.64B | $176.36B | $168.92B | $152.35B | $127.95B | $124.02B | $122.67B | $121.21B | $84.37B |
| Preferred Stock | $2.50B | $2.50B | $2.50B | $1.90B | $1.90B | $1.90B | $1.45B | $1.02B | $1.67B | $290.00M |
| Common Stock | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | $1.26B | $1.02B |
| Retained Earnings | $14.58B | $15.67B | $15.62B | $14.55B | $12.75B | $12.47B | $11.56B | $10.19B | $9.38B | $8.92B |
| Accumulated Other Comprehensive Income Loss | $-3.47B | $-5.23B | $-6.29B | $-586.00M | $738.00M | $26.00M | $-818.00M | $-638.00M | $-541.00M | $-405.00M |
| Other Total Stockholders Equity | $3.31B | $437.00M | $376.00M | $299.00M | $1.33B | $1.39B | $2.15B | $3.19B | $3.48B | $922.00M |
| Total Stockholders Equity | $18.18B | $14.64B | $13.45B | $17.42B | $17.98B | $17.04B | $15.60B | $15.02B | $15.24B | $10.75B |
| Total Equity | $18.18B | $14.64B | $13.45B | $17.42B | $17.98B | $17.04B | $15.60B | $15.03B | $15.24B | $10.76B |
| Total Liabilities and Stockholders Equity | $187.17B | $188.28B | $189.81B | $186.35B | $170.34B | $144.99B | $139.61B | $137.70B | $136.45B | $95.13B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $1.00M | $2.00M | $- | $13.00M |
| Total Liabilities and Total Equity | $187.17B | $188.28B | $189.81B | $186.35B | $170.34B | $144.99B | $139.61B | $137.70B | $136.45B | $95.13B |
| Total Investments | $17.50B | $78.34B | $56.05B | $121.63B | $96.45B | $57.94B | $37.71B | $40.66B | $37.83B | $26.26B |
| Total Debt | $14.23B | $22.61B | $30.08B | $12.63B | $14.47B | $13.15B | $14.28B | $14.97B | $13.19B | $10.72B |
| Net Debt | $12.49B | $21.67B | $29.19B | $11.72B | $13.38B | $12.42B | $13.60B | $14.30B | $12.52B | $10.11B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-161.00M | $964.00M | $1.92B | $2.62B | $1.34B | $1.72B | $1.87B | $1.30B | $790.00M | $920.00M |
| Depreciation and Amortization | $73.00M | $134.00M | $137.00M | $32.00M | $111.00M | $241.00M | $382.00M | $407.00M | $314.00M | $247.00M |
| Deferred Income Tax | $-351.00M | $-108.00M | $-27.00M | $146.00M | $-191.00M | $53.00M | $98.00M | $303.00M | $11.00M | $-76.00M |
| Stock Based Compensation | $104.00M | $121.00M | $120.00M | $104.00M | $101.00M | $96.00M | $99.00M | $100.00M | $99.00M | $58.00M |
| Change in Working Capital | $- | $-313.00M | $-128.00M | $34.00M | $305.00M | $-191.00M | $-13.00M | $31.00M | $-79.00M | $-38.00M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-213.00M | $-313.00M | $-128.00M | $34.00M | $305.00M | $-191.00M | $-13.00M | $31.00M | $-79.00M | $-38.00M |
| Other Non Cash Items | $999.00M | $2.10B | $2.45B | $-1.79B | $4.00M | $990.00M | $74.00M | $-324.00M | $554.00M | $20.00M |
| Net Cash Provided by Operating Activities | $664.00M | $2.90B | $4.47B | $1.15B | $1.67B | $2.91B | $2.51B | $1.81B | $1.69B | $1.13B |
| Investments in Property Plant and Equipment | $- | $-142.00M | $-108.00M | $-66.00M | $-63.00M | $-85.00M | $-99.00M | $-112.00M | $-145.00M | $-75.00M |
| Acquisitions Net | $- | $- | $-58.00M | $-29.00M | $-7.15B | $-185.00M | $124.00M | $-144.00M | $-481.00M | $-2.82B |
| Purchases of Investments | $-19.22B | $-12.34B | $-8.81B | $-28.25B | $-30.69B | $-5.79B | $-5.86B | $-8.16B | $-12.80B | $-3.55B |
| Sales Maturities of Investments | $20.69B | $6.98B | $15.45B | $17.14B | $13.12B | $6.83B | $6.74B | $6.83B | $10.36B | $4.37B |
| Other Investing Activities | $1.03B | $6.92B | $-17.40B | $-3.86B | $66.00M | $-5.69B | $-3.38B | $-656.00M | $-3.40B | $46.00M |
| Net Cash Used for Investing Activities | $2.50B | $1.42B | $-10.93B | $-15.07B | $-24.72B | $-4.92B | $-2.48B | $-2.24B | $-6.46B | $-2.02B |
| Debt Repayment | $-8.36B | $-6.28B | $8.02B | $-1.36B | $986.00M | $-1.50B | $-722.00M | $805.00M | $225.00M | $2.49B |
| Common Stock Issued | $10.00M | $1.00M | $6.00M | $27.00M | $8.00M | $18.00M | $20.00M | $25.00M | $32.00M | $22.00M |
| Common Stock Repurchased | $- | $-38.00M | $-44.00M | $-1.14B | $-134.00M | $-868.00M | $-1.15B | $-730.00M | $-140.00M | $-448.00M |
| Dividends Paid | $-927.00M | $-911.00M | $-854.00M | $-823.00M | $-829.00M | $-804.00M | $-656.00M | $-480.00M | $-335.00M | $-267.00M |
| Other Financing Activities | $6.92B | $2.96B | $-729.00M | $17.04B | $23.38B | $5.68B | $2.92B | $473.00M | $6.10B | $-952.00M |
| Net Cash Used Provided by Financing Activities | $-2.36B | $-4.27B | $6.44B | $13.74B | $23.41B | $2.07B | $-17.00M | $418.00M | $4.84B | $846.00M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $802.00M | $54.00M | $-26.00M | $-178.00M | $359.00M | $54.00M | $7.00M | $-6.00M | $70.00M | $-46.00M |
| Cash at End of Period | $1.74B | $941.00M | $887.00M | $913.00M | $1.09B | $732.00M | $678.00M | $671.00M | $677.00M | $607.00M |
| Cash at Beginning of Period | $941.00M | $887.00M | $913.00M | $1.09B | $732.00M | $678.00M | $671.00M | $677.00M | $607.00M | $653.00M |
| Operating Cash Flow | $664.00M | $2.90B | $4.47B | $1.15B | $1.67B | $2.91B | $2.51B | $1.81B | $1.69B | $1.13B |
| Capital Expenditure | $- | $-142.00M | $-108.00M | $-66.00M | $-63.00M | $-85.00M | $-99.00M | $-112.00M | $-145.00M | $-75.00M |
| Free Cash Flow | $664.00M | $2.76B | $4.36B | $1.09B | $1.61B | $2.82B | $2.41B | $1.70B | $1.54B | $1.06B |