Income Statement Deutsche Bank AG

Equities

DBK

DE0005140008

Banks

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Published financial data: DEUTSCHE BANK AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	25.15B	17.81B	16.6B	24.3B	43.55B
Interest Income, Total	25.15B	17.81B	16.6B	24.3B	43.55B
Interest On Deposits	11.4B	6.28B	5.44B	10.65B	27.42B
Interest Expense, Total	11.4B	6.28B	5.44B	10.65B	27.42B
Net Interest Income	13.75B	11.53B	11.16B	13.65B	16.12B
Income From Trading Activities	193M	2.46B	3.04B	3B	5.58B
Gain (Loss) on Sale of Loans	-	-	-	-	-
Gain (Loss) on Sale of Assets	4M	-59M	10M	404M	41M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	260M	647M	238M	-218M	-96M
Income (Loss) on Equity Invest. (Income Block)	110M	120M	98M	152M	-38M
Total Other Non Interest Income	8.85B	9.33B	10.86B	10.22B	9.55B
Non Interest Income, Total	9.41B	12.5B	14.26B	13.56B	15.03B
Revenues Before Provison For Loan Losses	23.16B	24.03B	25.41B	27.21B	31.16B
Provision For Loan Losses	723M	1.79B	515M	1.23B	1.5B
Total Revenues	22.44B	22.24B	24.9B	25.98B	29.65B
Salaries And Other Employee Benefits	10.39B	10.1B	9.92B	10.28B	10.65B
Selling General & Admin Expenses, Total	11.32B	9.89B	9.71B	9.63B	10.22B
Total Other Non Interest Expense	-2M	-	2M	-	-
Non Interest Expense, Total	21.71B	19.99B	19.63B	19.91B	20.87B
EBT, Excl. Unusual Items	729M	2.25B	5.27B	6.08B	8.78B
Restructuring Charges	-805M	-975M	-1.26B	-14M	-220M
Impairment of Goodwill	-1.04B	-	-5M	-	-233M
Asset Writedown	-1.05B	-93M	-143M	-55M	-65M
Legal Settlements	-473M	-158M	-466M	-413M	-311M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-2.64B	1.02B	3.39B	5.6B	7.96B
Income Tax Expense	2.63B	397M	880M	-64M	1.5B
Earnings From Continuing Operations	-5.26B	624M	2.51B	5.66B	6.45B
Net Income to Company	-5.26B	624M	2.51B	5.66B	6.45B
Minority Interest	-125M	-129M	-144M	-134M	-120M
Net Income - (IS)	-5.39B	495M	2.36B	5.52B	6.33B
Preferred Dividend and Other Adjustments	330M	349M	363M	479M	498M
Net Income to Common Incl Extra Items	-5.72B	146M	2B	5.05B	5.83B
Net Income to Common Excl. Extra Items	-5.72B	146M	2B	5.05B	5.83B
Per Share Items
Net EPS - Basic	-2.71	0.07	0.95	2.42	2.83
Basic EPS - Continuing Operations	-2.71	0.07	0.95	2.42	2.83
Basic Weighted Average Shares Outstanding	2.11B	2.11B	2.1B	2.08B	2.06B
Net EPS - Diluted	-2.71	0.07	0.93	2.37	2.77
Diluted EPS - Continuing Operations	-2.71	0.07	0.93	2.37	2.77
Diluted Weighted Average Shares Outstanding	2.11B	2.17B	2.14B	2.13B	2.1B
Normalized Basic EPS	0.16	0.6	1.5	1.76	2.6
Normalized Diluted EPS	0.16	0.59	1.47	1.72	2.55
Dividend Per Share	-	-	0.2	0.3	0.45
Payout Ratio	-10.33	70.5	15.35	16.02	17.5
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	-99.81	38.88	25.97	-1.14	18.89
Total Current Taxes	762M	693M	861M	787M	1.34B
Total Deferred Taxes	1.87B	-296M	19M	-852M	163M
Normalized Net Income	331M	1.28B	3.15B	3.66B	5.37B
Non-Cash Pension Expense	13M	-6M	12M	9M	-39M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	588M	367M	490M	434M	479M
Total Stock-Based Compensation	588M	367M	490M	434M	479M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	129B	156B	180B	166B	164B
Investment Securities, Total	163B	149B	137B	157B	163B
Trading Asset Securities, Total	449B	456B	407B	397B	382B
Mortgage Backed Securities	457M	636M	714M	486M	442M
Total investments	613B	606B	545B	554B	545B
Gross Loans	437B	434B	477B	490B	487B
Allowance For Loan Losses	-4.02B	-4.82B	-4.78B	-4.85B	-5.21B
Other Adjustments to Gross Loans	-	-	-227M	-131M	-1.68B
Net Loans	433B	429B	472B	485B	480B
Gross Property Plant And Equipment	9.69B	11.06B	11.74B	12.86B	12.88B
Accumulated Depreciation	-4.76B	-5.51B	-6.2B	-6.76B	-6.7B
Net Property Plant And Equipment	4.93B	5.55B	5.54B	6.1B	6.18B
Goodwill	2.88B	2.74B	2.8B	2.92B	2.85B
Other Intangibles, Total	4.15B	3.99B	4.02B	4.17B	4.48B
Loans Held For Sale	-	-	-	-	-
Accrued Interest Receivable	2.61B	1.66B	2.08B	3.59B	4.16B
Other Receivables	50.09B	59.74B	49.89B	51.98B	41.68B
Other Current Assets, Total	19.22B	21.91B	23.21B	20.89B	32.4B
Deferred Tax Assets Long-Term (Collected)	5.99B	6.06B	6.22B	7.27B	7.04B
Other Long-Term Assets, Total	33.42B	32.5B	33.43B	35.33B	29.19B
Total Assets	1,298B	1,325B	1,324B	1,337B	1,317B
Liabilities
Interest Bearing Deposits	343B	347B	378B	375B	438B
Institutional Deposits	-	-	-	-	-
Non-Interest Bearing Deposits	229B	221B	226B	247B	187B
Total Deposits	572B	568B	604B	621B	625B
Short-Term Borrowings	331B	346B	303B	297B	282B
Current Portion of Long-Term Debt	77.42B	91.6B	92.75B	88.01B	73.32B
Current Portion of Leases	730M	699M	682M	633M	835M
Long-Term Debt	102B	93.06B	98.04B	88.98B	98.69B
Long-Term Leases	2.57B	3.28B	3.28B	3.84B	3.66B
Trust Preferred Securities (BS)	-	-	-	-	-
Current Income Taxes Payable	502M	328M	411M	240M	369M
Accrued Interest Payable	2.42B	1.74B	1.62B	2.83B	4.78B
Other Current Liabilities - (Bank / Utility Template)	122B	136B	127B	134B	126B
Deferred Tax Liability Non-Current	545M	561M	501M	650M	517M
Other Non Current Liabilities	23.2B	21.09B	24.22B	26.75B	25.23B
Total Liabilities	1,236B	1,263B	1,256B	1,264B	1,241B
Common Stock, Total	5.29B	5.29B	5.29B	5.29B	5.22B
Additional Paid In Capital	40.5B	40.61B	40.58B	40.51B	40.19B
Retained Earnings	9.64B	10.01B	12.61B	17.8B	22.84B
Treasury Stock	-4M	-7M	-6M	-331M	-481M
Comprehensive Income and Other	5.09B	4.71B	7.86B	7.26B	6.79B
Total Common Equity	60.52B	60.61B	66.33B	70.54B	74.57B
Minority Interest	1.64B	1.59B	1.7B	1.79B	1.76B
Total Equity	62.16B	62.2B	68.03B	72.33B	76.33B
Total Liabilities And Equity	1,298B	1,325B	1,324B	1,337B	1,317B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.07B	2.07B	2.07B	2.04B	1.99B
ECS Total Common Shares Outstanding	2.07B	2.07B	2.07B	2.04B	1.99B
Book Value / Share	29.29	29.35	32.11	34.61	37.43
Tangible Book Value	53.49B	53.88B	59.51B	63.44B	67.24B
Tangible Book Value Per Share	25.89	26.09	28.8	31.13	33.75
Tangible Book Value Per Share (As Reported)	23.41	23.19	24.73	26.7	28.41
Average Assets	-	-	-	-	-
Average Loans	-	438B	446B	489B	-
Total Debt	514B	535B	498B	478B	458B
Deposits at Interest - Cash	7.46B	7.01B	5.86B	5.75B	4.44B
Debt Equivalent of Unfunded Proj. Benefit Obligation	763M	350M	-484M	-1.2B	-956M
Net Debt	-150B	-153B	-178B	-182B	-191B
Equity Method Investments, Total	929M	901M	1.09B	1.12B	1.01B
Full Time Employees	87.6K	84.66K	82.97K	84.93K	90.13K
Number Of Offices	1.93K	1.89K	1.71K	1.54K	1.43K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-5.39B	495M	2.36B	5.52B	6.33B
Depreciation, Depletion & Amortization	651M	1.02B	2.24B	2.42B	2.24B
Amortization of Goodwill and Intangible Assets - (CF)	13M	8M	6M	3M	2M
Total Depreciation, Depletion & Amortization	664M	1.03B	2.24B	2.43B	2.25B
Amortization of Deferred Charges, Total	1.24B	1.03B	1.01B	1.02B	1.06B
(Gain) Loss on Sale of Investments - (CF)	-277M	-665M	-276M	128M	-84M
Total Asset Writedown	2.09B	132M	315M	85M	292M
Restructuring Activities	644M	485M	261M	-118M	220M
Provision for Credit Losses	723M	1.79B	515M	1.23B	1.5B
(Income) Loss On Equity Investments - (CF)	-104M	-103M	-197M	-129M	107M
Change in Trading Asset Securities	22.66B	9.46B	19.87B	2.22B	-35.42B
Change in Other Net Operating Assets (Collected)	-71.12B	19.4B	-62.49B	-25.46B	31.36B
Other Operating Activities	1.99B	-165M	165M	-717M	283M
Cash from Operations	-46.88B	32.89B	-36.22B	-13.8B	7.9B
Capital Expenditure	-327M	-512M	-550M	-337M	-422M
Sale of Property, Plant, and Equipment	92M	24M	114M	22M	33M
Cash Acquisitions	-	-	-5M	-	-361M
Divestitures	1.76B	5M	-	439M	-
Investment in Marketable and Equity Securities, Total	-10.83B	-365M	25.05B	-16.21B	-439M
Other Investing Activities, Total	-978M	-1.04B	-1.01B	-1.08B	-1.39B
Cash from Investing	-10.28B	-1.89B	23.6B	-17.18B	-2.58B
Long-Term Debt Issued, Total	47M	1.68B	1.15B	2.72B	1.44B
Total Debt Issued	47M	1.68B	1.15B	2.72B	1.44B
Long-Term Debt Repaid, Total	-2.05B	-2.5B	-1.22B	-697M	-2.23B
Total Debt Repaid	-2.05B	-2.5B	-1.22B	-697M	-2.23B
Issuance of Common Stock	1.31B	2.03B	5.18B	6.07B	415M
Repurchase of Common Stock	-1.49B	-1.07B	-3.01B	-6.5B	-1.26B
Common Dividends Paid	-557M	-349M	-363M	-885M	-1.11B
Common & Preferred Stock Dividends Paid	-557M	-349M	-363M	-885M	-1.11B
Net Increase (Decrease) in Deposit Accounts - (CF)	6.43B	-2.15B	33.27B	11.69B	-2.3B
Other Financing Activities, Total	-68M	-105M	-97M	-99M	-108M
Cash from Financing	3.63B	-2.46B	34.9B	12.3B	-5.15B
Foreign Exchange Rate Adjustments	1.58B	-1.07B	1.34B	4.35B	-2.04B
Miscellaneous Cash Flow Adjustments	-	-	-	-	1M
Net Change in Cash	-51.95B	27.46B	23.62B	-14.32B	-1.86B
Supplemental Items
Cash Interest Paid	11.49B	6.94B	5.56B	9.47B	25.45B
Cash Income Tax Paid (Refund)	945M	805M	1.03B	1.29B	955M
Net Debt Issued / Repaid	-2B	-813M	-79M	2.03B	-794M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-0.4	0.05	0.19	0.43	0.48
Return On Equity %	-8.04	1	3.85	8.06	8.69
Return on Common Equity	-8.96	0.24	3.15	7.37	8.05
Shareholders Value Added	-12.54B	-6.16B	-4.46B	-2.68B	-2.22B
Margin Analysis
SG&A Margin	96.76	89.89	78.84	76.61	70.38
Net Interest Income / Total Revenues %	61.27	51.83	44.81	52.53	54.37
EBT Excl. Non-Recurring Items Margin %	3.25	10.11	21.16	23.39	29.62
Income From Continuing Operations Margin %	-23.46	2.81	10.08	21.78	21.76
Net Income Margin %	-24.02	2.23	9.5	21.26	21.36
Net Avail. For Common Margin %	-25.49	0.66	8.04	19.42	19.68
Normalized Net Income Margin	1.47	5.74	12.64	14.1	18.11
Asset quality
Nonperforming Loans / Total Loans %	2.22	2.73	2.5	2.39	2.75
Nonperforming Loans / Total Assets %	0.75	0.89	0.9	0.88	1.02
Nonperforming Assets / Total Assets %	0.75	0.9	0.91	0.88	1.02
NPAs / Loans and OREO	2.22	2.74	2.51	2.4	2.75
NPAs / Equity	15.57	19.09	17.63	16.28	17.57
Allowance for Credit Losses / Net Charge-offs %	500.62	667.08	979.3	498.77	471.74
Allowance for Credit Losses / Nonperforming Loans %	41.47	40.71	40.08	41.39	38.92
Allowance for Credit Losses / Total Loans %	0.92	1.11	1	0.99	1.07
Net Charge-offs / Total Average Loans %	-	0.16	0.11	0.2	-
Provision for Loan Losses / Net Charge-offs %	90.15	247.86	105.53	126.13	136.32
Earning Assets / IBL	133.69	134.21	135.81	135.5	132.84
Interest Income / Average Assets	-	-	-	-	-
Interest Expense / Average Assets	-	-	-	-	-
Net Interest Income / Average Assets	-	-	-	-	-
Non Interest Income / Average Assets	-	-	-	-	-
Non Interest Expense / Average Asset	-	-	-	-	-
Capital And Funding
Total Average Common Equity / Total Average Assets %	4.83	4.62	4.79	5.14	5.44
Total Average Equity / Total Average Assets %