KEY FY 2016 Earnings Report — KeyCorp Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported February 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$5.2B	—	$4.3B	—	18.7%
Op. Income	$968M	—	$1.2B	—	-20.8%
Gross Margin	87.1%	—	89.9%	—	-2.8pp
Net Margin	15.3%	—	21.1%	—	-5.7pp
EPS (Diluted)	$0.80	—	$1.05	—	-23.8%
Free Cash Flow	$1.5B	—	$1.1B	—	46.2%

Revenue Flow

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$666M
GROSS PROFIT	$4.5B
R&D Expenses	$0
Selling & Marketing	$101M
General & Administrative	$2.1B
SG&A Expenses	$2.2B
Other Expenses	$1.3B
Operating Expenses	$3.5B
Cost & Expenses	$4.2B
OPERATING INCOME	$968M
Interest Income	$3.3B
Interest Expense	$400M
Other Income/Expenses	$0
INCOME BEFORE TAX	$968M
Income Tax Expense	$179M
Net Income from Continuing Ops	$789M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$791M
Net Income Deductions	-$37M
BOTTOM LINE NET INCOME	$754M
D&A	$314M
EBIT	$968M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$666M
GROSS PROFIT	$4.5B
R&D Expenses	$0
Selling & Marketing	$101M
General & Administrative	$2.1B
SG&A Expenses	$2.2B
Other Expenses	$1.3B
Operating Expenses	$3.5B
Cost & Expenses	$4.2B
OPERATING INCOME	$968M
Interest Income	$3.3B
Interest Expense	$400M
Other Income/Expenses	$0
INCOME BEFORE TAX	$968M
Income Tax Expense	$179M
Net Income from Continuing Ops	$789M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$791M
Net Income Deductions	-$37M
BOTTOM LINE NET INCOME	$754M
D&A	$314M
EBIT	$968M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$790M
Depreciation & Amortization	$314M
Stock-Based Compensation	$99M
Deferred Income Tax	$11M
Other Non-Cash Items	$554M
Change in Working Capital	-$79M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$145M
Acquisitions (Net)	-$481M
Purchases of Investments	-$12.8B
Sales/Maturities of Investments	$10.4B
Other Investing Activities	-$3.4B
NET CASH FROM INVESTING	-$6.5B
Net Debt Issuance	$225M
Common Stock Repurchased	-$140M
Common Dividends Paid	-$335M
Other Financing Activities	$4.0B
NET CASH FROM FINANCING	$4.8B
FREE CASH FLOW	$1.5B
Net Change in Cash	$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$677M
Short-Term Investments	$23.0B
Net Receivables	$4.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$28.3B
PP&E (Net)	$978M
Goodwill	$2.4B
Intangible Assets	$384M
Long-Term Investments	$95.0B
Tax Assets	$0
Other Non-Current Assets	$9.3B
TOTAL NON-CURRENT ASSETS	$108.1B
TOTAL ASSETS	$136.5B
Account Payables	$0
Short-Term Debt	$2.3B
Deferred Revenue	$0
Other Current Liabilities	$104.1B
TOTAL CURRENT LIABILITIES	$108.2B
Long-Term Debt	$12.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$636M
TOTAL NON-CURRENT LIABILITIES	$13.0B
TOTAL LIABILITIES	$121.2B
Common Stock	$1.3B
Additional Paid-In Capital	$6.4B
Retained Earnings	$9.4B
Treasury Stock	-$2.9B
Accum. Other Comp. Income	-$541M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.2B
Minority Interest	$0
TOTAL EQUITY	$15.2B
TOTAL LIABILITIES & EQUITY	$136.5B
Total Debt	$14.7B
Net Debt	$14.0B