2016 Q1 Form 10-Q Financial Statement

#000139077716000226 Filed on May 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q4 2015 Q1
Revenue $3.737B $3.721B $3.761B
YoY Change -0.64% 1.53% 3.69%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $364.0M $373.0M $340.0M
YoY Change 7.06% 18.04% 2.1%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $117.0M $74.00M $79.00M
YoY Change 48.1% -17.78% -5.95%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.100B $868.0M $1.059B
YoY Change 3.87% 520.0% 16.89%
Income Tax $283.0M $175.0M $280.0M
% Of Pretax Income 25.73% 20.16% 26.44%
Net Earnings $817.0M $693.0M $779.0M
YoY Change 4.88% 197.42% 15.58%
Net Earnings / Revenue 21.86% 18.62% 20.71%
Basic Earnings Per Share $0.73 $0.58 $0.67
Diluted Earnings Per Share $0.73 $0.57 $0.67
COMMON SHARES
Basic Shares Outstanding 1.080B shares 1.089B shares 1.119B shares
Diluted Shares Outstanding 1.085B shares 1.096B shares 1.126B shares

Balance Sheet

Concept 2016 Q1 2015 Q4 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.928B $6.537B $7.167B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.377B $1.379B $1.410B
YoY Change -2.34% -1.08% -12.59%
Goodwill $17.60B $17.62B $17.66B
YoY Change -0.33% -1.4% -2.41%
Intangibles $3.781B $3.842B $4.047B
YoY Change -6.57% -6.91% -7.6%
Long-Term Investments $3.328B $3.329B $3.170B
YoY Change 4.98% 1.28% -2.1%
Other Assets $766.0M $1.355B $572.0M
YoY Change 33.92% 1.73% -54.39%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $372.9B $393.8B $392.3B
YoY Change -4.96% 2.2% 6.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.01B $21.90B $21.96B
YoY Change 0.22% 3.39% 30.54%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $15.63B $15.53B $8.788B
YoY Change 77.87% 26.68% -22.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.30B $27.89B $28.22B
YoY Change -3.26% -0.71% 22.19%
LONG-TERM LIABILITIES
Long-Term Debt $21.69B $21.55B $20.40B
YoY Change 6.3% 6.33% -1.04%
Other Long-Term Liabilities $11.63B $10.24B $21.54B
YoY Change -46.01% -49.14% -2.38%
Total Long-Term Liabilities $33.32B $31.78B $41.94B
YoY Change -20.57% -21.31% -1.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.30B $27.89B $28.22B
Total Long-Term Liabilities $33.32B $31.78B $41.94B
Total Liabilities $333.6B $354.8B $354.0B
YoY Change -5.76% 2.37% 7.5%
SHAREHOLDERS EQUITY
Retained Earnings $20.59B $19.97B $18.26B
YoY Change 12.8% 12.96% 11.06%
Common Stock $13.00M $13.00M $13.00M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.741B $7.164B $5.209B
YoY Change 48.61% 48.97% 48.19%
Treasury Stock Shares 243.8M shares 227.6M shares 182.3M shares
Shareholders Equity $38.46B $38.04B $37.33B
YoY Change
Total Liabilities & Shareholders Equity $372.9B $393.8B $392.3B
YoY Change -4.96% 2.2% 6.54%

Cashflow Statement

Concept 2016 Q1 2015 Q4 2015 Q1
OPERATING ACTIVITIES
Net Income $817.0M $693.0M $779.0M
YoY Change 4.88% 197.42% 15.58%
Depreciation, Depletion And Amortization $364.0M $373.0M $340.0M
YoY Change 7.06% 18.04% 2.1%
Cash From Operating Activities $1.794B $142.0M -$71.00M
YoY Change -2626.76% -88.03% -93.27%
INVESTING ACTIVITIES
Capital Expenditures $148.0M -$174.0M $162.0M
YoY Change -8.64% -11.22% -19.4%
Acquisitions
YoY Change
Other Investing Activities $188.0M -$19.37B -$1.353B
YoY Change -113.9% 2261.59% -1880.26%
Cash From Investing Activities $20.08B -$19.54B -$9.945B
YoY Change -301.91% 1823.13% -234.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $571.0M $394.0M
YoY Change 44.92% 6.78%
Debt Paid & Issued, Net $1.200B $2.005B
YoY Change -40.15% 184.8%
Cash From Financing Activities -$24.49B 17.70B $10.24B
YoY Change -339.22% 4134.45% -252.39%
NET CHANGE
Cash From Operating Activities $1.794B 142.0M -$71.00M
Cash From Investing Activities $20.08B -19.54B -$9.945B
Cash From Financing Activities -$24.49B 17.70B $10.24B
Net Change In Cash -$2.613B -1.697B $220.0M
YoY Change -1287.73% -388.61% -159.3%
FREE CASH FLOW
Cash From Operating Activities $1.794B $142.0M -$71.00M
Capital Expenditures $148.0M -$174.0M $162.0M
Free Cash Flow $1.646B $316.0M -$233.0M
YoY Change -806.44% -77.13% -81.45%

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CY2016Q1 bk Value At Risk Assumed Holding Period For Instruments
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CY2016Q1 dei Current Fiscal Year End Date
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CY2016Q1 dei Document Fiscal Period Focus
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CY2016Q1 dei Document Fiscal Year Focus
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2016
CY2016Q1 dei Document Period End Date
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CY2016Q1 dei Document Type
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CY2016Q1 dei Entity Central Index Key
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CY2016Q1 dei Entity Filer Category
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CY2016Q1 dei Entity Registrant Name
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Bank of New York Mellon CORP
CY2016Q1 dei Trading Symbol
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BK
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CY2016Q1 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
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CY2015Q4 us-gaap Alternative Investments Fair Value Disclosure
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CY2015Q1 us-gaap Amortization Of Intangible Assets
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CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2016Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
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760000000 USD
CY2016Q1 us-gaap Interest Income Expense Net
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CY2015Q1 us-gaap Interest Income Federal Funds Sold And Securities Purchased Under Agreements To Resell
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CY2015Q1 us-gaap Interest Income Securities Tax Exempt
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CY2016Q1 us-gaap Liabilities
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CY2016Q1 us-gaap Net Income Loss
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CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2015Q1 us-gaap Noninterest Income
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1490000000 USD
CY2016Q1 us-gaap Other Assets Miscellaneous
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
39116000000 USD
CY2015Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
200000000 USD
CY2016Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
169000000 USD
CY2015Q1 us-gaap Trading Gains Losses
TradingGainsLosses
12000000 USD
CY2015Q4 us-gaap Trading Gains Losses
TradingGainsLosses
8000000 USD
CY2016Q1 us-gaap Trading Gains Losses
TradingGainsLosses
4000000 USD
CY2015Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
2000000 USD
CY2016Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
1000000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
227598128 shares
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
243801160 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
7164000000 USD
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
7741000000 USD
CY2016Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
577000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
649000000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
175000000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
18000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-2000000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
2000000 USD
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
18667000 shares
CY2015Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
16944000 shares
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
14963000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1126306000 shares
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1096385000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1085284000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1118602000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1088880000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1079641000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
10963000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
9439000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
9320000 shares
CY2016Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;">Use of estimates</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates based upon assumptions about future economic and market conditions which affect reported amounts and related disclosures in our financial statements. Although our current estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that actual conditions could be worse than anticipated in those estimates, which could materially affect our results of operations and financial condition. Amounts subject to estimates are items such as the allowance for loan losses and lending-related commitments, the fair value of financial instruments and derivatives, other-than-temporary impairment, goodwill and other intangibles and pension accounting. Among other effects, such changes in estimates could result in future impairments of investment securities, goodwill and intangible assets and establishment of allowances for loan losses and lending-related commitments as well as changes in pension and post-retirement expense.</font></div></div>

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