Keycorp (KEY)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
OPERATING ACTIVITIES
Net income (loss)

146

469

416

425

407

484

482

482

418

197

364

412

325

228

173

201

188

229

217

239

235

254

186

225

242

230

271

204

205

203

221

241

200

200

218

243

271

323

226

74

-39

-188

-402

-223

-498

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

359

109

200

74

62

59

62

64

61

49

51

66

63

66

59

52

89

45

45

41

35

22

19

12

4

27

28

28

55

57

109

21

42

-22

10

-8

-40

-97

94

228

413

756

733

823

847

Provision (credit) for losses on LIHTC guaranteed funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

-6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (credit) for losses on lending-related commitments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

5

3

-

-

-

-

-45

33

-12

-4

70

-10

-10

-2

-

-

-

-

Depreciation and amortization expense, net

54

58

62

63

58

92

95

92

103

106

103

98

100

21

169

62

62

71

60

66

50

61

76

57

52

53

75

49

44

73

58

56

48

-7

65

69

74

76

81

85

88

92

96

106

95

Accretion of acquired loans

10

11

11

11

17

17

47

-5

27

32

38

90

43

116

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of corporate-owned life insurance

29

35

29

29

28

33

28

28

28

34

29

28

28

35

27

24

25

33

25

25

25

33

25

24

24

32

24

25

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

25

24

24

23

25

21

25

26

27

26

23

24

27

33

30

17

19

11

14

20

13

13

10

10

11

8

8

9

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC reimbursement (payments), net of FDIC expense

-

-

-

-

-

-12

0

1

1

-1

0

0

-2

6

7

-1

1

-

-

-

-

-

-

-

-

0

-1

290

7

7

6

6

7

5

6

8

27

26

20

26

33

-

-

-

-

Net losses (gains) from loan sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

Deferred income taxes (benefit)

18

28

-13

31

-99

5

-86

5

-22

-169

78

-75

-137

-74

90

23

-50

6

43

77

-50

-34

38

31

-40

-33

40

-4

-32

1

2

-10

-28

-578

418

-61

-96

-64

-82

-43

109

103

362

589

-176

Proceeds from sales of loans held for sale

2,687

3,877

3,658

2,400

2,045

5,785

2,531

2,955

2,748

3,854

3,228

2,547

2,334

3,391

2,241

1,830

1,110

1,971

1,636

2,501

1,225

2,554

1,262

959

611

1,780

1,206

1,322

1,287

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for sale, net of repayments

3,256

3,641

3,173

3,211

1,679

5,317

2,687

2,664

3,280

3,559

2,852

2,873

2,562

2,845

2,825

1,538

1,153

1,644

1,672

1,647

2,109

2,464

1,592

976

383

1,661

1,463

1,241

1,075

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (credit) for customer derivative losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1

-11

-24

1

1

26

-

-

-

-

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

38

62

56

42

28

53

41

45

44

70

37

39

35

47

61

29

2

28

20

35

20

38

19

25

15

30

25

31

29

51

39

32

22

27

18

11

19

29

18

25

4

-

-

-

-

Net losses (gains) from principal investing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

11

0

0

11

11

29

18

9

27

24

20

17

7

8

2

11

24

35

-8

34

17

35

-6

18

17

37

80

-6

-6

-72

Net losses (gains) and writedown on OREO

-

-

-

-

-

-2

4

-2

0

-2

-1

-1

-1

-1

-1

-1

-1

-

-

-

-

-

-

-

-

-1

-9

1

3

-25

0

6

6

3

1

-5

10

8

4

20

28

-

-

-

-

Net losses (gains) on leased equipment

-6

1

5

13

-2

-75

-3

40

-3

-1

-11

7

2

3

-9

-1

0

-2

-1

6

3

0

1

20

14

7

28

1

7

2

46

36

27

9

7

5

4

6

4

2

8

15

22

36

26

Debt and Equity Securities, Gain (Loss)

4

-

-

-

0

-

-

-

-

0

0

0

1

6

-6

-1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2

-1

12

1

-2

3

1

1

125

-14

Net losses (gains) on sales of fixed assets

-2

1

12

-12

1

-1

-4

-4

0

-8

-2

-2

-12

-43

-10

-2

-1

-

-

-

-

-

-

-

-

-3

-1

-5

-3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from sale/redemption of Visa Inc. shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

105

Intangible asset impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

45

0

196

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

912

-

74

-60

-80

-207

-224

62

-14

-249

-226

309

-129

Net decrease (increase) in trading account assets

-245

77

-41

25

130

-109

125

64

-67

53

-298

160

54

-59

-39

200

-23

-23

137

-115

39

-215

75

50

102

-68

214

-109

96

-58

-17

66

-9

-106

-40

-272

56

-170

141

-20

-175

-197

635

-510

1

Other operating activities, net

362

-308

-43

-498

289

-487

59

78

336

-9

-545

392

763

245

-400

-11

-9

-237

-121

24

485

-254

-372

6

236

-238

-307

30

178

-303

120

-186

435

653

-633

-390

-22

-61

124

-327

-268

-251

-828

436

-352

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES

-173

1,007

1,179

160

560

1,712

386

619

-211

736

1,668

-184

-405

829

136

351

373

882

190

1,161

-1,102

855

202

107

156

679

-57

694

231

651

275

1,464

-1,091

-82

421

1,042

412

755

416

710

843

853

593

942

-68

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

2,801

-2,079

908

-69

-50

290

-374

1,002

-2,803

454

1,471

-3

-250

-441

-3,383

1,163

2,729

743

-1,258

-156

-891

1,927

-871

254

-2,668

2,055

-48

502

-859

1,732

-8

-1,389

86

-1,247

203

858

2,361

-527

-113

-2,361

2,602

-1,243

-501

570

-2,304

Purchases of securities available for sale

190

1,096

1,678

1,098

1,842

1,536

1,891

380

787

277

2,002

528

195

1,515

2,589

1,004

610

776

863

2,048

403

1,804

818

557

618

594

598

1,275

2,755

1,540

222

8

2

0

5

6

613

2,921

2,540

3,835

618

1,927

5,543

7,529

502

Proceeds from sales of securities available for sale

583

-

-

-

0

-

-

-

-

1

-1

3

912

1

4,248

0

0

-

-

-

-

-

-

-

-

6

2

24

3

-

-

-

-

5

75

9

1,578

81

29

9

23

-646

659

2,941

16

Proceeds from sale/redemption of Visa Inc. shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

105

Proceeds from prepayments and maturities of securities available for sale

1,176

1,191

938

802

655

741

816

807

833

961

1,002

975

1,061

1,374

1,302

843

722

741

810

823

724

737

741

732

650

745

1,113

1,297

1,315

1,392

1,426

1,369

1,364

1,468

1,084

962

1,486

1,767

1,242

890

786

1,312

1,559

946

458

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

434

423

402

357

295

352

409

399

398

447

460

434

456

579

462

335

251

256

280

300

266

222

237

211

180

180

233

224

210

223

199

142

96

-

-

-

-

1

1

2

2

0

1

0

6

Purchases of held-to-maturity securities

4

0

13

0

9

0

0

486

756

2,003

98

886

411

1,818

4,627

165

358

218

195

318

257

240

0

619

250

-

-

-

-

0

0

1,476

1,005

1,005

1,168

0

2

-

-

-

-

0

0

0

6

Purchases of other investments

91

19

3

14

16

7

15

2

4

9

9

67

2

18

4

6

18

8

4

7

13

7

16

9

17

16

10

9

11

18

9

23

16

13

21

59

45

84

46

25

35

60

35

34

48

Proceeds from sales of other investments

2

20

12

21

7

26

14

12

10

18

29

19

51

39

127

53

24

38

30

45

32

68

99

45

122

148

28

8

3

11

14

1

2

33

14

29

14

85

43

66

22

13

14

11

3

Proceeds from prepayments and maturities of other investments

10

17

3

4

32

3

35

2

0

2

0

1

1

1

2

1

0

6

-3

1

4

1

2

-1

2

-76

33

29

20

63

62

48

24

48

22

20

21

46

34

38

15

20

9

13

28

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

8,902

2,068

1,375

1,967

780

451

1,205

251

1,793

49

64

577

255

1,079

72

1,766

663

-110

1,933

401

727

1,360

667

240

1,029

928

647

587

-136

1,593

969

575

-202

1,554

518

-541

-1,234

-743

-1,225

-1,774

-2,108

-2,437

-4,048

-2,113

-2,468

Proceeds from sales of portfolio loans

54

154

99

85

61

61

44

61

38

54

52

40

37

40

28

32

40

21

22

20

47

29

24

46

21

35

73

20

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from corporate-owned life insurance

19

18

14

11

16

18

19

23

18

15

15

16

9

5

2

13

9

8

12

11

15

11

6

12

6

8

2

15

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises, equipment, and software

12

27

20

29

9

26

37

17

19

56

32

22

2

66

49

22

8

35

23

14

3

44

23

19

11

40

26

22

12

63

161

-86

26

78

28

44

30

54

48

33

21

101

55

40

33

Proceeds from loan sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,195

-

17

19

75

189

138

209

84

196

104

73

7

Proceeds from sales of premises and equipment

0

1

16

0

1

1

0

0

1

0

0

0

0

0

0

0

0

-

-

-

-

0

0

0

1

0

0

0

8

-

-

-

-

-

-

-

-

2

0

0

1

3

11

1

1

Proceeds from sales of OREO

-

-

-

-

-

9

8

7

7

14

18

8

11

3

6

4

3

6

6

4

6

4

3

5

5

4

5

9

5

12

10

33

12

8

18

59

35

39

64

44

35

55

47

7

5

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES

-9,722

1,040

-2,485

-1,934

-1,539

-1,099

-1,424

-708

749

-1,406

-2,101

-655

1,923

-2,013

1,738

-2,845

-3,337

-586

-602

-1,417

582

-4,311

413

-648

1,730

-2,899

312

-1,449

-156

-3,232

1,417

-193

1,760

360

-701

672

1,392

421

255

1,498

-200

2,545

1,320

-2,068

4,812

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

3,434

221

1,703

1,771

866

1,529

1,232

-203

-484

1,789

625

-1,161

-105

-100

-132

1,943

2,336

-27

404

-953

-376

3,542

657

533

-1,996

728

567

2,377

-1,339

1,805

-27

673

-462

924

622

-400

200

-808

-957

-2,774

-422

-1,688

-521

1,903

750

Net increase (decrease) in short-term borrowings

5,958

210

1

-65

83

-763

-384

557

738

2,621

-1,716

1,319

-925

3,487

-2,335

58

84

-179

112

-153

127

-655

-81

-147

4

-44

-23

-384

433

-238

56

-92

122

-199

68

-738

-279

-282

-177

1,282

291

-53

-1,105

-610

-6,184

Net proceeds from issuance of long-term debt

2,497

16

762

0

1,351

504

44

1,257

501

2

1,900

950

0

749

500

602

976

-298

1,304

1,750

1,000

1,079

40

530

78

1,560

5

1

1,007

-

-

-

-

25

1

20

1,000

21

758

9

9

277

31

10

445

Payments on long-term debt

1,506

1,959

673

2

1,000

753

4

1,118

1,005

705

26

7

10

775

24

11

498

-410

1,441

12

129

321

1,008

16

10

5

507

1,003

30

13

1,362

1,447

572

1,129

402

182

502

606

17

707

327

2,142

253

1,031

300

Payments for Repurchase of Common Stock

117

241

248

179

167

278

541

123

156

198

270

89

107

67

73

0

0

0

123

128

197

129

119

106

130

99

198

112

65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee equity compensation program Common Share repurchases

35

0

0

1

32

0

1

3

43

1

6

6

53

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

-

-

-

-

-

-

-

-

Redemption of Preferred Stock Series C

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,500

-

-

-

-

-

-

-

-

Stock Redeemed or Called During Period, Value

-

-

-

-

-

-

-

-

-

-

0

0

-350

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from reissuance of Common Shares

5

11

2

2

3

1

5

4

10

-4

4

3

22

27

2

2

1

3

2

8

9

4

4

4

15

4

8

6

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-4

-1

Cash dividends paid

208

209

212

191

192

198

190

141

127

127

117

118

118

111

78

78

68

68

69

69

61

62

61

62

55

55

55

55

52

52

52

52

35

34

34

35

61

46

46

46

46

45

46

47

75

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES

10,028

-1,951

1,335

1,770

912

-254

573

230

-566

779

394

891

-1,646

1,112

-1,621

2,516

2,831

-159

189

443

373

3,458

-568

736

-2,094

2,089

-203

830

-38

2,192

-1,435

-970

-947

-413

255

-1,401

-1,542

-1,721

-439

-2,236

-495

-3,652

-1,894

1,208

-5,365

NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS

133

96

29

-4

-67

359

-465

141

-28

109

-39

52

-128

-72

253

22

-133

137

-223

187

-147

2

47

195

-208

-131

52

75

37

-389

257

301

-278

-135

-25

313

262

-545

232

-28

148

-254

19

82

-621

Additional disclosures relative to cash flows:
Interest paid

267

301

331

313

306

260

243

190

199

156

161

130

151

121

118

82

108

73

107

51

98

48

117

30

103

33

112

49

110

162

53

148

101

160

128

183

134

199

152

242

286

301

389

-173

972

Income taxes paid (refunded)

35

40

21

-77

34

-10

8

5

9

3

-57

71

-11

76

9

46

13

108

83

71

19

22

27

72

10

71

52

37

25

45

13

23

3

9

5

-52

-267

-5

-2

-3

-154

44

-56

17

-126

Noncash items:
Reduction of secured borrowing and related collateral

1

2

1

1

1

2

3

8

7

7

12

8

13

8

26

12

21

28

29

31

72

74

46

26

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans transferred to portfolio from held for sale

10

152

0

0

5

3

0

7

14

12

74

11

8

2

2

6

0

-

-

-

-

9

0

8

2

7

0

1

1

0

2

20

19

-

-

-

-

-

-

-

-

82

25

8

84

Loans transferred to held for sale from portfolio

210

178

238

62

-10

-40

4

3

0

-

-

-

25

13

4

28

0

22

25

6

10

11

0

0

5

8

15

18

20

-

-

-

-

25

24

15

39

37

162

81

127

-

-

-

-

Loans transferred to OREO

92

7

6

16

0

6

10

5

4

8

10

8

11

21

5

6

4

4

4

5

7

7

7

6

3

5

2

7

7

6

11

16

5

15

11

11

12

15

96

72

27

99

74

46

45

CMBS risk retentions

12

42

8

0

9

16

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ABS risk retentions

11

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-