2012 Q4 Form 10-Q Financial Statement

#000002841212000097 Filed on October 30, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $456.0M $460.0M $463.0M
YoY Change -5.2% -0.65% 1.54%
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 $33.00M $33.00M $31.00M
YoY Change 3.13% 6.45% -3.13%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $32.00M $33.00M $40.00M
YoY Change -13.51% -17.5% -23.08%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $185.0M $153.0M $126.0M
YoY Change 43.41% 21.43% 90.91%
Income Tax $55.00M $36.00M $28.00M
% Of Pretax Income 29.73% 23.53% 22.22%
Net Earnings $130.0M $117.0M $98.00M
YoY Change 35.42% 19.39% 66.1%
Net Earnings / Revenue 28.51% 25.43% 21.17%
Basic Earnings Per Share $0.68 $0.61 $0.51
Diluted Earnings Per Share $0.68 $0.61 $0.51
COMMON SHARES
Basic Shares Outstanding 190.3M shares 190.0M shares
Diluted Shares Outstanding 191.0M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.534B $3.938B $5.198B
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 $622.0M $625.0M $685.0M
YoY Change -7.85% -8.76% 7.2%
Goodwill $635.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $65.07B $63.31B $60.89B
YoY Change 6.66% 3.98% 10.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.106B $1.450B $1.304B
YoY Change -18.01% 11.2% 20.18%
Deferred Revenue
YoY Change
Short-Term Debt $110.0M $63.00M $164.0M
YoY Change 57.14% -61.59% -8.38%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.106B $1.450B $1.304B
YoY Change -18.01% 11.2% 20.18%
LONG-TERM LIABILITIES
Long-Term Debt $4.720B $4.740B $5.009B
YoY Change -4.53% -5.37% -30.81%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.720B $4.740B $5.009B
YoY Change -4.53% -5.37% -30.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.106B $1.450B $1.304B
Total Long-Term Liabilities $4.720B $4.740B $5.009B
Total Liabilities $58.13B $56.23B $53.94B
YoY Change 7.36% 4.25% 9.75%
SHAREHOLDERS EQUITY
Retained Earnings $5.931B $5.831B $5.471B
YoY Change 6.94% 6.58%
Common Stock $3.303B $3.294B $3.303B
YoY Change -0.24% -0.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.879B $1.788B $1.593B
YoY Change 15.06% 12.24%
Treasury Stock Shares 39.89M shares 36.79M shares 29.24M shares
Shareholders Equity $6.942B $7.084B $6.951B
YoY Change
Total Liabilities & Shareholders Equity $65.07B $63.31B $60.89B
YoY Change 6.66% 3.98% 10.7%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $130.0M $117.0M $98.00M
YoY Change 35.42% 19.39% 66.1%
Depreciation, Depletion And Amortization $33.00M $33.00M $31.00M
YoY Change 3.13% 6.45% -3.13%
Cash From Operating Activities -$53.00M $299.0M $294.0M
YoY Change -232.5% 1.7% 15.29%
INVESTING ACTIVITIES
Capital Expenditures -$75.00M -$35.00M
YoY Change 158.62% 20.69%
Acquisitions
YoY Change
Other Investing Activities -$1.578B -$818.0M $232.0M
YoY Change -15.07% -452.59% -64.03%
Cash From Investing Activities -$1.653B -$818.0M $197.0M
YoY Change -12.4% -515.23% -68.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.302B 317.0M 1.241B
YoY Change 1022.93% -74.46% -212.61%
NET CHANGE
Cash From Operating Activities -53.00M 299.0M 294.0M
Cash From Investing Activities -1.653B -818.0M 197.0M
Cash From Financing Activities 2.302B 317.0M 1.241B
Net Change In Cash 596.0M -202.0M 1.732B
YoY Change -136.3% -111.66% -849.78%
FREE CASH FLOW
Cash From Operating Activities -$53.00M $299.0M $294.0M
Capital Expenditures -$75.00M -$35.00M
Free Cash Flow $22.00M $329.0M
YoY Change -68.12% 15.85%

Facts In Submission

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us-gaap Interest And Dividend Income Securities Available For Sale
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us-gaap Restructuring Reserve Settled With Cash
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cma Accretion Of Discount On Receivables Acquired In Transfer
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cma Commercial Lending Fees
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CY2011Q3 cma Deposits Customer Certificates Deposits
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cma Letter Of Credit Fees
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cma Letter Of Credit Fees
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CY2011Q4 cma Loans And Leases Receivable Consumer Loans Net Of Deferred Income
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CY2011Q3 cma Loans Receivable Commercial Financial And Agricultural Net Of Deferred Income
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CY2011Q3 cma Loans Receivable Ratio Of Allowance For Loan Losses To All Loans
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780000 shares
cma Number Of Geographic Markets
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cma Other Real Estate Expense
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cma Other Real Estate Expense
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CY2011Q3 cma Other Time Deposits
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CY2012Q3 cma Other Time Deposits
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CY2011Q3 cma Outside Processing Fee Expense
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25000000 USD
cma Outside Processing Fee Expense
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cma Outside Processing Fee Expense
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79000000 USD
CY2012Q3 cma Outside Processing Fee Expense
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CY2012Q3 cma Partnership Interest In Low Income Housing Partnerships
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CY2011Q3 cma Real Estate Construction Loans Net Of Deferred Income
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CY2012Q3 cma Reduced Rate Loans
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27000000 USD
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68000000 USD
cma Return On Average Assets
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cma Return On Average Assets
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CY2011Q4 cma Risk Participations Covering Standby Commercial Letters Of Credit
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CY2012Q3 cma Risk Participations Covering Standby Commercial Letters Of Credit
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cma Salaries Expense
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cma Salaries Expense
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CY2012Q3 cma Salaries Expense
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CY2011Q3 cma Salaries Expense
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cma Segment Reporting Information Interest Income Expense Net Fte
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cma Segment Reporting Information Interest Income Expense Net Fte
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cma Segment Reporting Information Tax Expense Fte
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107000000 USD
cma Segment Reporting Information Tax Expense Fte
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136000000 USD
CY2011Q3 cma Software Expenses
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22000000 USD
cma Software Expenses
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cma Software Expenses
SoftwareExpenses
67000000 USD
CY2012Q3 cma Software Expenses
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23000000 USD
CY2011Q4 cma Total Internally Classified Watch List Letters Of Credit
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195000000 USD
CY2012Q3 cma Total Internally Classified Watch List Letters Of Credit
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162000000 USD
CY2011Q4 cma Total Nonperforming Assets
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CY2012Q3 cma Total Nonperforming Assets
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CY2011Q4 cma Total Nonperforming Loans
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887000000 USD
CY2012Q3 cma Total Nonperforming Loans
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692000000 USD
CY2011Q3 cma Troubled Debt Restructuring Modifications Recorded Investment
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108000000 USD
CY2012Q3 cma Troubled Debt Restructuring Modifications Recorded Investment
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40000000 USD
cma Troubled Debt Restructuring Modifications Recorded Investment
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90000000 USD
cma Troubled Debt Restructuring Modifications Recorded Investment
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206000000 USD
CY2012Q3 cma Watch List Letters Of Credit As Percentage Of Total Letters Of Credit
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0.031
CY2011Q4 cma Watch List Letters Of Credit As Percentage Of Total Letters Of Credit
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0.036
dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000028412
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
190344108 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Comerica INC /NEW/
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012Q3 invest Derivative Notional Amount
DerivativeNotionalAmount
21144000000 USD
CY2011Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
17723000000 USD

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