The bank of new york mellon corporation (BK)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Fee and other revenue
Asset servicing fees

4,563

4,608

4,383

4,244

4,187

4,075

-

-

-

-

-

-

2,376

Clearing services fees

1,648

1,616

1,598

1,404

1,375

1,335

-

-

-

-

-

-

1,187

Issuer services fees

1,130

1,099

977

1,026

978

968

-

-

-

-

-

-

1,560

Treasury services fees

559

554

557

547

555

564

-

-

-

-

-

-

346

Total investment services fees

7,900

7,877

7,515

7,221

7,095

6,942

-

-

-

-

-

-

5,123

Investment management and performance fees

3,389

3,647

3,539

3,350

3,438

3,492

-

-

-

-

-

-

-

Asset and wealth management fees

-

-

-

-

-

-

-

-

-

-

-

-

2,153

Foreign Exchange And Other Trading Activities

654

732

668

701

768

570

674

692

848

886

1,036

1,462

786

Financing-related fees

196

207

216

219

220

169

-

-

-

-

-

-

216

Distribution and servicing

129

139

160

166

162

173

-

-

-

-

-

-

212

Investment and other income

968

240

64

341

316

1,212

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

211

Total fee revenue

13,236

12,842

12,162

11,998

11,999

12,558

-

-

-

-

-

-

9,254

Net securities (losses) gains — including other-than-temporary impairment

-17

-47

6

79

82

-

-

-

-

-

-

-

-

Noncredit-related portion of other-than-temporary impairment (recognized in other comprehensive income)

1

1

3

4

-1

-92

-

-

-

-

-

-

201

Noncredit-related portion of other-than-temporary impairment (recognized in other comprehensive income)

-

-

-

-

-

-1

-

-

-

-

-

-

-

Noncredit related losses on securities not expected to be sold (recognized in OCI)

-

-

-

-

-

-

-

-

-

-

-

-

0

Net Securities Gain (Loss)

-18

-48

3

75

83

91

141

162

48

27

-5,369

-1,628

-201

Total fee and other revenue

13,218

12,794

12,165

12,073

12,082

12,649

11,959

11,561

11,696

10,891

4,739

10,714

9,053

Operations of consolidated investment management funds
Investment (loss) income

57

-12

74

35

115

503

-

-

-

-

-

-

207

Interest of investment management fund note holders

1

1

4

9

29

340

-

-

-

-

-

-

-

(Loss) income from consolidated investment management funds

56

-13

70

26

86

163

-

-

-

-

-

-

-

Net interest revenue
Interest and Dividend Income, Operating

7,548

6,432

4,382

3,575

3,326

3,234

3,352

3,507

3,588

3,470

3,508

5,524

5,670

Interest Expense

4,360

2,821

1,074

437

300

354

343

534

604

545

593

2,665

3,425

Net interest revenue

3,188

3,611

3,308

3,138

3,026

2,880

3,009

2,973

2,984

2,925

2,915

2,859

2,245

Total revenue

16,462

16,392

15,543

15,237

15,194

15,692

-

-

-

-

-

-

-

Provision for credit losses

-25

-11

-24

-11

160

-48

-35

-80

1

11

332

104

-11

Net interest revenue after provision for credit losses

-

-

-

-

-

-

3,044

3,053

2,983

2,914

2,583

2,755

2,256

Noninterest expense
Staff

6,063

6,145

6,033

5,809

5,837

5,845

6,019

5,761

5,726

5,215

4,700

5,189

4,126

Professional, legal and other purchased services

1,345

1,334

1,276

1,186

1,230

1,339

1,252

1,222

1,217

1,099

1,017

1,021

760

Software and equipment

1,222

1,062

985

647

627

620

596

524

485

410

367

331

280

Net occupancy

564

630

570

592

600

610

629

593

624

588

564

570

447

Sub-custodian and clearing

450

450

414

400

-

-

-

-

-

-

-

-

406

Distribution and servicing

374

406

419

405

381

428

435

421

416

377

393

517

268

Sub-custodian

-

-

-

-

270

286

280

269

298

247

203

255

-

Furniture and equipment

-

-

-

247

280

322

337

331

330

315

309

323

266

Business development

213

228

229

245

267

268

317

275

261

271

214

278

189

Bank assessment charges

125

170

220

219

157

-

-

-

-

-

-

-

-

Subtotal

-

-

-

-

-

-

-

-

-

-

8,721

10,386

7,376

Amortization of intangible assets

117

180

209

237

261

298

342

384

428

421

426

473

314

Other

427

606

602

536

804

1,031

-

994

937

843

954

1,902

634

Merger and integration, litigation and restructuring charges

-

-

-

-

85

1,130

-

559

390

384

233

483

-

Restructuring charges

-

-

-

-

-

-

-

-

-

-

150

181

0

The Bank of New York Mellon Corporation

-

-

-

-

-

-

-

-

-

-

-

-

355

Acquired Corporate Trust Business

-

-

-

-

-

-

-

-

-

-

-

-

49

Total noninterest expense

10,900

11,211

10,957

10,523

10,799

12,177

11,306

11,333

11,112

10,170

9,530

11,523

8,094

Income
Income before income taxes

5,587

5,192

4,610

4,725

4,235

3,563

3,777

3,357

3,617

3,694

-2,208

1,946

3,215

Provision for income taxes

1,120

938

496

1,177

1,013

912

1,592

842

1,048

1,047

-1,395

491

987

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-110

-421

28

13

Benefit for income taxes

-

-

-

-

-

-

-

-

-

-44

-151

14

3

Net (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-66

-270

14

10

Extraordinary (loss) on consolidation of commercial paper conduit, net of tax

-

-

-

-

-

-

-

-

-

-

-

-26

-180

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

4,467

4,254

4,114

3,548

3,222

2,651

2,185

-

-

2,581

-1,083

1,443

2,058

Net income (loss)

-

-

-

-

-

-

-

2,515

2,569

2,647

-813

1,455

2,228

Net Income (Loss) Attributable to Noncontrolling Interest

26

-12

24

1

64

84

81

78

53

63

1

24

19

Net Income (Loss) Attributable to Parent

4,441

4,266

4,090

3,547

3,158

2,567

2,104

2,437

2,516

2,518

-

-

2,209

Preferred stock dividends

169

169

175

122

105

73

64

18

0

-

-

-

-

Redemption charge and preferred dividends

-

-

-

-

-

-

-

-

-

-

283

33

0

Net income applicable to common shareholders of The Bank of New York Mellon Corporation

4,272

4,097

3,915

3,425

3,053

2,494

2,040

2,419

2,516

2,518

-1,367

1,386

2,039

Net income applicable to common shareholders of The Bank of New York Mellon Corporation used for the earnings per share calculation (in millions)
Net income

4,467

4,254

4,114

3,548

3,222

-

-

-

-

2,581

-1,083

1,443

2,058

Net (income) attributable to noncontrolling interests

26

-12

24

1

64

-

-

-

-

63

1

24

19

Net income applicable to shareholders of The Bank of New York Mellon Corporation

4,441

4,266

4,090

3,547

3,158

-

-

-

-

-

-

-

2,209

Extraordinary (loss), net of tax

-

-

-

-

-

-

-

-

-

-

-

-26

-180

Net Income (Loss) Available to Common Stockholders, Basic

4,272

4,097

3,915

3,425

3,053

2,494

2,040

2,419

2,516

2,518

-1,367

1,386

2,039

Less: Earnings allocated to participating securities

18

27

43

52

43

43

37

35

27

23

-

-

-

Change in the excess of redeemable value over the fair value of noncontrolling interests

-

-

-

-

-

-

1

-5

9

-

-

-

-

Net income applicable to common shareholders of The Bank of New York Mellon Corporation after required adjustment for the calculation of basic and diluted earnings per common share

4,254

4,070

3,872

3,373

3,010

2,451

2,002

2,389

2,480

2,495

-1,367

-

-

Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation
Net income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-813

1,455

2,228

Net (income) attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

1

-

-

Redemption charge and preferred dividends

-

-

-

-

-

-

-

-

-

-

283

33

0

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

66

-270

14

10

Net income from continuing operations applicable to common shareholders of The Bank of New York Mellon Corporation

-

-

-

-

-

-

-

-

-

2,561

-1,097

1,398

2,209

Basic (shares)

939

1,002

1,034

1,066

1,104

1,129

1,150

1,176

1,220

1,212

1,178

1,142

923

Common stock equivalents

5

6

13

15

17

20

16

10

8

9

-

10

11

Less: Participating securities

1

2

7

-

-

-

-

-

-

-

-

-

-

Less: Participating securities (shares)

-

-

-

9

9

12

13

9

6

5

-

-4

-4

Diluted (shares)

943

1,007

1,040

1,072

1,112

1,137

1,154

1,178

1,223

1,216

1,178

1,148

930

Anti-dilutive securities (shares)

4

6

12

31

28

43

75

91

86

87

98

83

67

Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation
Basic:
Net income from continuing operations

-

-

-

-

-

-

-

-

-

2.11

-0.93

1.21

2.37

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-0.05

-0.23

0.01

0.01

Extraordinary (loss), net of tax

-

-

-

-

-

-

-

-

-

-

-

-0.02

-0.19

Basic (usd per share)

4.53

4.06

3.74

3.16

2.73

2.17

1.74

2.03

2.03

2.06

-1.16

1.20

2.19

Diluted:
Net income from continuing operations

-

-

-

-

-

-

-

-

-

2.11

-0.93

1.21

2.35

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-0.05

-0.23

0.01

0.01

Extraordinary (loss), net of tax

-

-

-

-

-

-

-

-

-

-

-

-0.02

-0.19

Diluted (usd per share)

4.51

4.04

3.72

3.15

2.71

2.15

1.73

2.03

2.03

2.05

-1.16

1.20

2.17