XML 66 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Income Statement (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Mar. 31, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Investment services fees:          
Foreign exchange and other trading revenue $ 180 $ 191 $ 222 $ 371 $ 420
Net securities gains (losses) 50 40 48 90 53
Total fee and other revenue 2,854 [1] 2,870 [2] 3,098 [3] 5,724 [4] 6,002 [5]
Net interest revenue          
Interest revenue 875 912 887 1,787 1,735
Interest expense 141 147 156 288 306
Net interest revenue 734 765 731 1,499 1,429
Provision for credit losses (19) 5   (14)  
Net interest revenue after provision for credit losses 753 760 731 1,513 1,429
Noninterest expense          
Staff 1,415 1,453 1,463 2,868 2,887
Professional, legal and other purchased services 309 299 301 608 584
Net occupancy 141 147 161 288 314
Software 127 119 121 246 243
Distribution and servicing 103 101 109 204 220
Furniture and equipment 82 86 82 168 166
Sub-custodian 70 70 88 140 156
Business development 71 56 73 127 129
Other 254 220 247 474 476
Amortization of intangible assets 97 96 108 193 216
Merger and integration, litigation and restructuring charges 378 109 63 487 122
Total noninterest expense 3,047 2,756 2,816 5,803 5,513
Income          
Income before income taxes 589 885 1,034 1,474 1,983
Provision for income taxes 93 254 277 347 556
Net income 496 631 757 1,127 1,427
Net (income) loss attributable to noncontrolling interests (30) (12) (22) (42) (67)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 466 619 735 1,085 1,360
Reconciliation of net income to the net income applicable to the common shareholders of The Bank of New York Mellon Corporation          
Net income 496 631 757 1,127 1,427
Net (income) loss attributable to noncontrolling interests (30) (12) (22) (42) (67)
Net income applicable to the common shareholders of The Bank of New York Mellon Corporation 466 619 735 1,085 1,360
Less: Earnings allocated to participating securities 7 8 8 15 14
Change in the excess of redeemable value over the fair value of noncontrolling interests 1 (6)   (5) 6
Net income applicable to the common shareholders of The Bank of New York Mellon Corporation after required adjustments for the calculation of basic and diluted earnings per share 458 617 727 1,075 1,340
Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation          
Basic 1,181,350 1,193,931 1,230,406 1,187,649 1,232,232
Common stock equivalents 9,414 8,688 9,318 9,263 10,138
Less: Participating securities (7,779) (7,061) (6,014) (7,648) (6,354)
Diluted 1,182,985 1,195,558 1,233,710 1,189,264 1,236,016
Anti-dilutive securities 94,650 [6] 94,498 [6] 88,938 [6] 93,315 [6] 86,988 [6]
Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation          
Basic $ 0.39 [7] $ 0.52 [7] $ 0.59 [7] $ 0.91 [7] $ 1.09 [7]
Diluted $ 0.39 [7] $ 0.52 [7] $ 0.59 [7] $ 0.90 [7] $ 1.08 [7]
Operations
         
Investment services fees:          
Asset servicing 950 943 973 1,893 1,890
Issuer services 275 251 365 526 716
Clearing services 309 303 292 612 584
Treasury services 134 136 134 270 268
Total investment services fees 1,668 1,633 1,764 3,301 3,458
Investment management and performance fees 797 745 779 1,542 1,543
Foreign exchange and other trading revenue 180 191 222 371 420
Distribution and servicing 46 46 49 92 102
Financing-related fees 37 44 49 81 92
Investment and other income 48 139 145 187 226
Total fee revenue 2,776 2,798 3,008 5,574 5,841
Net securities gains (losses) - including other-than-temporary impairment 70 73 54 142 32
Noncredit-related gains (losses) on securities not expected to be sold (recognized in OCI) 20 33 6 52 (21)
Net securities gains (losses) 50 40 48 90 53
Total fee and other revenue 2,826 2,838 3,056 5,664 5,894
Investment Management Funds
         
Investment services fees:          
Total fee and other revenue 28 32 42 60 108
Investment income 152 153 171 305 393
Interest of investment management fund note holders 95 110 108 205 220
Income (loss) from consolidated investment management funds 57 43 63 100 173
Income          
Net (income) loss attributable to noncontrolling interests (29) (11) (21) (40) (65)
Reconciliation of net income to the net income applicable to the common shareholders of The Bank of New York Mellon Corporation          
Net (income) loss attributable to noncontrolling interests $ (29) $ (11) $ (21) $ (40) $ (65)
[1] Total fee and other revenue includes income from consolidated investment management funds of $57 million, net of noncontrolling interests of $29 million, for a net impact of $28 million. Income before taxes includes noncontrolling interests of $29 million.
[2] Total fee and other revenue includes income from consolidated investment management funds of $43 million, net of noncontrolling interests of $11 million, for a net impact of $32 million. Income before taxes includes noncontrolling interests of $11 million.
[3] Total fee and other revenue includes income from consolidated investment management funds of $63 million, net of noncontrolling interests of $21 million, for a net impact of $42 million. Income before taxes includes noncontrolling interests of $21 million.
[4] Total fee and other revenue includes income from consolidated investment management funds of $100 million, net of noncontrolling interests of $40 million, for a net impact of $60 million. Income before taxes includes noncontrolling interests of $40 million.
[5] Total fee and other revenue includes income from consolidated investment management funds of $173 million, net of noncontrolling interests of $65 million, for a net impact of $108 million. Income before taxes includes noncontrolling interests of $65 million.
[6] Represents stock options, restricted stock, restricted stock units and participating securities outstanding but not included in the computation of diluted average common shares because their effect would be anti-dilutive.
[7] Basic and diluted earnings per share under the two-class method are determined on the net income reported on the income statement less earnings allocated to participating securities, and the change in the excess of redeemable value over the fair value of noncontrolling interests.