KEY FY 2015 Earnings Report — KeyCorp Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported February 24, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$4.3B	—	$4.2B	—	3.5%
Op. Income	$1.2B	—	$1.3B	—	-3.9%
Gross Margin	89.9%	—	92.4%	—	-2.6pp
Net Margin	21.1%	—	21.5%	—	-0.4pp
EPS (Diluted)	$1.05	—	$0.99	—	6.1%
Free Cash Flow	$1.1B	—	$1.2B	—	-13.7%

Revenue Flow

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$440M
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$57M
General & Administrative	$1.7B
SG&A Expenses	$1.8B
Other Expenses	$911M
Operating Expenses	$2.7B
Cost & Expenses	$3.1B
OPERATING INCOME	$1.2B
Interest Income	$2.6B
Interest Expense	$274M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$303M
Net Income from Continuing Ops	$919M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$916M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$893M
D&A	$247M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$440M
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$57M
General & Administrative	$1.7B
SG&A Expenses	$1.8B
Other Expenses	$911M
Operating Expenses	$2.7B
Cost & Expenses	$3.1B
OPERATING INCOME	$1.2B
Interest Income	$2.6B
Interest Expense	$274M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$303M
Net Income from Continuing Ops	$919M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$916M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$893M
D&A	$247M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$920M
Depreciation & Amortization	$247M
Stock-Based Compensation	$58M
Deferred Income Tax	-$76M
Other Non-Cash Items	$20M
Change in Working Capital	-$38M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$75M
Acquisitions (Net)	$0
Purchases of Investments	-$3.5B
Sales/Maturities of Investments	$4.4B
Other Investing Activities	-$2.8B
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$2.5B
Common Stock Repurchased	-$448M
Common Dividends Paid	-$267M
Other Financing Activities	-$952M
NET CASH FROM FINANCING	$846M
FREE CASH FLOW	$1.1B
Net Change in Cash	-$46M

Balance Sheet

Item	Amount
Cash & Equivalents	$607M
Short-Term Investments	$16.9B
Net Receivables	$4.0B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$21.5B
PP&E (Net)	$779M
Goodwill	$1.1B
Intangible Assets	$65M
Long-Term Investments	$63.8B
Tax Assets	$0
Other Non-Current Assets	$8.0B
TOTAL NON-CURRENT ASSETS	$73.6B
TOTAL ASSETS	$95.1B
Account Payables	$0
Short-Term Debt	$905M
Deferred Revenue	$0
Other Current Liabilities	$71.0B
TOTAL CURRENT LIABILITIES	$73.6B
Long-Term Debt	$10.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$632M
TOTAL NON-CURRENT LIABILITIES	$10.8B
TOTAL LIABILITIES	$84.4B
Common Stock	$1.0B
Additional Paid-In Capital	$3.9B
Retained Earnings	$8.9B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	-$405M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.7B
Minority Interest	$13M
TOTAL EQUITY	$10.8B
TOTAL LIABILITIES & EQUITY	$95.1B
Total Debt	$11.1B
Net Debt	$10.5B