XML 83 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Income Statement (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Jun. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Investment services fees:          
Foreign exchange and other trading revenue $ 160 $ 207 $ 182 $ 528 $ 553
Net securities gains 22 32 22 102 112
Total fee and other revenue 2,987 [1] 3,213 [2] 2,901 [3] 9,078 [4] 8,625 [5]
Net interest revenue          
Interest revenue 855 836 877 2,506 2,664
Interest expense 83 79 128 258 416
Net interest revenue 772 757 749 2,248 2,248
Provision for credit losses 2 (19) (5) (41) (19)
Net interest revenue after provision for credit losses 770 776 754 2,289 2,267
Noninterest expense          
Staff 1,516 1,509 1,436 4,497 4,304
Professional, legal and other purchased services 296 317 292 908 900
Net occupancy 153 159 149 475 437
Software 147 157 127 444 373
Distribution and servicing 108 111 109 325 313
Furniture and equipment 79 81 81 248 249
Business development 63 90 60 221 187
Sub-custodian 71 77 65 212 205
Other 249 215 265 771 739
Amortization of intangible assets 81 93 95 260 288
Merger and integration, litigation and restructuring charges 16 13 26 68 513
Total noninterest expense 2,779 2,822 2,705 8,429 8,508
Income          
Income before income taxes 986 1,206 975 3,001 2,449
(Benefit) provision for income taxes (2) 321 225 1,365 572
Net income 988 885 750 1,636 1,877
Net (income) attributable to noncontrolling interests (includes $(8), $(39), $(25), $(63) and $(65) related to consolidated investment management funds, respectively) (8) (40) (25) (64) (67)
Net income applicable to shareholders of The Bank of New York Mellon Corporation 980 845 725 1,572 1,810
Preferred stock dividends (13) (12) (5) (38) (5)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 967 833 720 1,534 1,805
Reconciliation of net income to the net income applicable to common shareholders of The Bank of New York Mellon Corporation          
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 967 833 720 1,534 1,805
Less: Earnings allocated to participating securities 18 15 11 27 26
Change in the excess of redeemable value over the fair value of noncontrolling interests 0 0 0 1 (5)
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 common share 949 818 709 1,506 1,784
Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation          
Basic (shares) 1,148,724 1,152,545 1,169,674 1,153,327 1,181,614
Common stock equivalents (shares) 17,236 15,589 11,222 16,242 10,031
Less: Participating securities (shares) (13,281) (12,153) (9,362) (12,618) (8,336)
Diluted (shares) 1,152,679 1,155,981 1,171,534 1,156,951 1,183,309
Anti-dilutive securities (shares) 58,735 [6] 78,825 [6] 90,785 [6] 77,758 [6] 91,862 [6]
Basic:          
Basic (usd per share) $ 0.83 [7] $ 0.71 [7] $ 0.61 [7] $ 1.31 [7] $ 1.51 [7]
Diluted:          
Diluted (usd per share) $ 0.82 [7] $ 0.71 [7] $ 0.61 [7] $ 1.30 [7] $ 1.51 [7]
Operations
          
Investment services fees:          
Asset servicing 964 988 942 2,921 2,835
Issuer services 322 294 311 853 837
Clearing services 315 321 287 940 899
Treasury services 137 139 138 417 408
Total investment services fees 1,738 1,742 1,678 5,131 4,979
Investment management and performance fees 821 848 779 2,491 2,321
Foreign exchange and other trading revenue 160 207 182 528 553
Distribution and servicing 43 45 48 137 140
Financing-related fees 44 44 46 129 127
Investment and other income 135 269 124 476 311
Total fee revenue 2,941 3,155 2,857 8,892 8,431
Net securities gains—including other-than-temporary impairment 24 35 45 107 167
Noncredit-related gains on securities not expected to be sold (recognized in other comprehensive income) 2 3 23 5 55
Net securities gains 22 32 22 102 112
Total fee and other revenue 2,963 3,187 2,879 8,994 8,543
Investment Management
          
Investment services fees:          
Total fee and other revenue 24 26 22 84 82
Investment income 134 159 151 439 456
Interest of investment management fund note holders 102 94 104 292 309
Income from consolidated investment management funds 32 65 47 147 147
Income          
Net (income) attributable to noncontrolling interests (includes $(8), $(39), $(25), $(63) and $(65) related to consolidated investment management funds, respectively) $ (8) $ (39) $ (25) $ (63) $ (65)
[1] Total fee and other revenue includes income from consolidated investment management funds of $32 million, net of noncontrolling interests of $8 million, for a net impact of $24 million. Income before taxes includes noncontrolling interests of $8 million.
[2] Total fee and other revenue includes income from consolidated investment management funds of $65 million, net of noncontrolling interests of $39 million, for a net impact of $26 million. Income before taxes includes noncontrolling interests of $39 million.
[3] Total fee and other revenue includes income from consolidated investment management funds of $47 million, net of noncontrolling interests of $25 million, for a net impact of $22 million. Income before taxes includes noncontrolling interests of $25 million.
[4] Total fee and other revenue includes income from consolidated investment management funds of $147 million, net of noncontrolling interests of $63 million, for a net impact of $84 million. Income before taxes includes noncontrolling interests of $63 million.
[5] Total fee and other revenue includes income from consolidated investment management funds of $147 million, net of noncontrolling interests of $65 million, for a net impact of $82 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 applicable to common shareholders of The Bank of New York Mellon Corporation 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.