Keycorp (KEY)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
OPERATING ACTIVITIES
Net income (loss)

1,717

1,866

1,298

790

920

907

910

865

932

584

-1,311

-1,460

951

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Provision for credit losses

445

246

229

266

166

57

138

229

-60

638

3,159

1,537

525

Provision (credit) for losses on LIHTC guaranteed funds

-

-

-

-

-

-7

4

-

-5

8

17

17

12

Provision (credit) for losses on lending-related commitments

-

-

-

-

-

-

-

-16

-28

48

67

-26

28

Expense (income) on trading credit default swaps

-

-

-

-

-

-

-

-

-

-

-37

8

-

Depreciation and amortization expense, net

241

382

407

314

247

246

221

235

201

330

389

429

420

Accretion of acquired loans

50

86

203

116

0

0

-

-

-

-

-

-

-

Increase in cash surrender value of corporate-owned life insurance

121

117

119

111

108

106

106

110

111

-

-

-

-

Stock-based compensation expense

96

99

100

99

58

44

35

49

41

-

-

-

-

FDIC reimbursement (payments), net of FDIC expense

0

-10

-3

13

0

1

296

26

46

105

-466

-

-

Deferred income taxes (benefit)

-53

-98

-303

-11

76

-5

-29

-35

-317

-80

878

1,722

-74

Proceeds from sales of loans held for sale

11,980

14,019

11,963

8,572

7,333

5,386

5,595

5,535

3,796

-

-

-

-

Originations of loans held for sale, net of repayments

11,704

13,948

11,846

8,361

7,072

5,415

5,440

5,189

3,922

-

-

-

-

Provision (credit) for customer derivative losses

-

-

-

-

-

-

-

-

-

4

40

22

-

Net losses (gains) on sales of loans held for sale

188

183

181

139

103

97

115

144

75

76

-1

-82

-4

Net losses (gains) from principal investing

-

-

-

-

51

78

52

72

78

66

-4

-54

164

Net losses (gains) and writedown on OREO

-7

0

-5

-4

-4

-3

-6

-13

9

60

86

15

-

Net losses (gains) on leased equipment

17

-41

-3

-7

6

35

43

111

25

20

99

40

35

Debt and Equity Securities, Gain (Loss)

20

0

1

0

0

-

1

-

1

14

113

-2

-35

Net losses (gains) on sales of fixed assets

2

-9

-24

-56

-8

-7

-12

-2

-2

-

-

-

-

Gain from sale/redemption of Visa Inc. shares

-

-

-

-

-

-

-

-

-

-

105

165

0

Gain related to exchange of common shares for capital securities

-

-

-

-

-

-

-

-

-

-

78

-

0

Gain from sale of Key's claim associated with the Lehman Brothers' bankruptcy

-

-

-

-

-

-

-

-

-

-

32

-

0

Intangible asset impairment

-

-

-

-

-

-

-

-

-

-

241

469

6

Liability to Visa Inc.

-

-

-

-

-

-

-

-

-

-

-

-64

64

Honsador litigation reserve

-

-

-

-

-

-

-

-

-

-

-

23

42

Gain from sale of McDonald Investments branch network

-

-

-

-

-

-

-

-

-

-

-

-

171

Gain related to MasterCard Incorporated shares

-

-

-

-

-

-

-

-

-

-

-

-

-67

Gain from settlement of automobile residual value insurance litigation

-

-

-

-

-

-

-

-

-

-

-

-

-26

Proceeds from settlement of automobile residual value insurance litigation

-

-

-

-

-

-

-

-

-

-

-

-

279

Net decrease (increase) in loans held for sale excluding loan transfers from continuing operations

-

-

-

-

-

-

-

-

-

-383

-295

-981

-312

Net decrease (increase) in trading account assets

191

13

-31

79

38

12

133

-18

-362

-224

-71

224

-144

Gain on sale of KIBS

0

83

0

0

-

-

-

-

-

-

-

-

-

Direct acquisition costs

-

-

-

44

0

0

-

-

-

-

-

-

-

Gain on sale of Victory

-

-

-

-

-

10

146

-

-

-

-

-

-

Loss on sale of residual interests and deconsolidation of securitization trusts

-

-

-

-

-

-40

-

-

-

-

-

-

-

Other operating activities, net

-560

-14

601

-175

151

-384

-337

66

-392

-532

-995

436

-1,409

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES

2,906

2,506

1,815

1,689

1,131

1,320

1,547

1,299

1,793

2,724

2,320

-560

-44

INVESTING ACTIVITIES
Proceeds from sale of McDonald Investments branch network, net of retention payments

-

-

-

-

-

-

-

-

-

-

-

-

199

Proceeds from sale of MasterCard Incorporated shares

-

-

-

-

-

-

-

-

-

-

-

-

67

Cash received (used) in acquisitions, net of cash acquired

185

0

144

481

0

114

-601

-776

-

-

-

157

80

Proceeds from sale of KIBS

0

124

0

0

-

-

-

-

-

-

-

-

-

Net decrease (increase) in short-term investments, excluding acquisitions

-1,290

-1,885

1,672

68

-1,562

-1,358

1,650

421

2,175

-399

-3,478

4,632

21

Purchases of securities available for sale

5,714

4,594

3,002

5,718

4,090

3,797

5,222

1,772

624

9,914

15,501

1,663

4,696

Proceeds from sales of securities available for sale

362

0

915

4,249

19

0

35

1

1,667

142

2,970

1,001

2,102

Proceeds from sale/redemption of Visa Inc. shares

-

-

-

-

-

-

-

-

-

-

105

165

0

Proceeds from prepayments and maturities of securities available for sale

3,586

3,197

3,999

4,241

3,098

2,860

4,470

5,551

5,000

4,685

4,275

1,464

2,564

Proceeds from prepayments and maturities of held-to-maturity securities

1,477

1,558

1,797

1,627

1,102

850

847

660

83

6

7

8

14

Purchases of held-to-maturity securities

22

1,242

3,398

6,968

988

1,109

1,672

2,481

2,175

2

6

6

0

Purchases of other investments

52

28

87

46

32

49

46

66

138

190

177

456

662

Proceeds from sales of other investments

60

62

117

243

145

334

187

28

90

216

41

161

358

Proceeds from prepayments and maturities of other investments

56

40

4

4

8

4

6

197

111

133

70

211

191

Net decrease (increase) in loans, excluding acquisitions, sales and transfers

6,190

3,700

945

3,580

2,951

3,296

2,026

2,935

297

-5,850

-11,066

2,358

5,761

Proceeds from sales of portfolio loans

399

204

183

140

110

120

185

277

218

-

-

-

-

Proceeds from corporate-owned life insurance

59

78

55

29

46

35

31

33

22

-

-

-

-

Purchases of premises, equipment, and software

85

99

112

145

75

97

100

164

180

156

229

202

196

Purchases of loans

-

-

-

-

-

-

-

-

-

-

-

16

64

Proceeds from loan sales

-

-

-

-

-

-

-

-

-

620

380

280

480

Proceeds from sales of premises and equipment

18

2

0

0

1

1

8

1

1

3

16

8

9

Proceeds from sales of OREO

23

31

51

16

22

17

23

67

120

182

114

27

64

Proceeds from sale of residual interests

-

-

-

-

-

57

-

-

-

-

-

-

-

Proceeds from sale of Victory

-

-

-

-

-

10

131

-

-

-

-

-

-

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES

-4,918

-2,482

-2,239

-6,457

-2,023

-2,816

-4,192

-248

1,723

1,974

6,609

-6,165

-5,432

FINANCING ACTIVITIES
Net increase (decrease) in deposits, excluding acquisitions

4,561

2,074

1,148

4,047

-952

2,736

2,333

1,989

1,346

-4,961

444

382

4,030

Net increase (decrease) in short-term borrowings

229

148

1,299

1,294

-93

-879

-18

-152

-1,148

1,114

-7,952

-543

4,954

Net proceeds from issuance of long-term debt

2,129

2,306

2,852

2,827

3,756

1,727

2,573

837

1,046

797

763

6,465

654

Payments on long-term debt

3,634

2,880

748

1,308

1,172

1,355

1,545

3,394

2,215

1,657

3,726

3,884

3,583

Issuance of preferred shares

435

412

0

1,009

0

0

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

835

1,098

664

140

448

484

474

251

-

-

-

-

-

Employee equity compensation program Common Share repurchases

33

47

66

0

0

-

-

-

-

-

-

-

-

Purchases of treasury shares

-

-

-

-

-

-

-

-

-

-

-

-

595

Net proceeds from issuance of common shares and preferred stock

-

-

-

-

-

-

-

-

-

-

986

4,101

0

Redemption of Preferred Stock Series C

0

0

350

-

-

-

-

-

2,500

-

-

-

-

Stock Redeemed or Called During Period, Value

-

-

-

0

0

-

-

-

-

-

-

-

-

Net proceeds from reissuance of Common Shares

18

20

25

32

22

27

26

2

604

-

-

6

112

Repurchase of common stock warrant

-

-

-

-

-

-

-

-

70

-

-

-

-

Net proceeds from issuance of common stock warrant

-

-

-

-

-

-

-

-

-

-

-

87

0

Tax benefits over (under) recognized compensation cost for stock-based awards

-

-

-

-

-

-

-

-

-

-

-5

-2

13

Cash dividends paid

804

656

480

335

267

240

217

191

164

184

213

445

570

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES

2,066

-17

418

4,838

846

1,532

2,678

-1,160

-3,101

-4,891

-9,703

6,167

5,015

NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS

54

7

-6

70

-46

36

33

-109

415

-193

-774

-558

-461

Additional disclosures relative to cash flows:
Interest paid

1,251

892

598

429

329

298

304

464

605

879

1,489

1,989

2,688

Income taxes paid (refunded)

18

12

6

144

281

131

185

84

-305

-164

-121

2,152

342

Noncash items:
Reduction of secured borrowing and related collateral

5

20

40

67

160

152

-

-

-

-

-

-

-

Loans transferred to portfolio from held for sale

157

24

105

10

1

19

9

41

13

-

199

411

0

Loans transferred to held for sale from portfolio

468

-33

42

45

63

16

61

118

103

407

311

459

0

Loans transferred to OREO

29

25

37

36

20

23

21

38

49

210

264

130

35

CMBS risk retentions

59

16

18

0

0

-

-

-

-

-

-

-

-

ABS risk retentions

12

0

0

-

-

-

-

-

-

-

-

-

-

Cash dividends declared, but not paid

-

-

-

-

-

-

-

-

-

-

-

-

148

First Niagara assets acquired

-

-

-

35,616

0

41

41

1,283

-

-

-

2,825

129

First Niagara liabilities assumed

-

-

-

33,028

0

17

-

2,059

-

-

-

2,653

126

LIHTC guaranteed funds put

-

-

-

-

-

7

-

-

-

-

-

-

-

Preferred Stock [Member]
Common Shares issued for the acquisition of FNFG

-

-

-

350

-

-

-

-

-

-

-

-

-

Common Stock [Member]
Common Shares issued for the acquisition of FNFG

-

-

-

2,831

-

-

-

-

-

-

-

-

-