CFG FY 2012 Earnings Report — Citizens Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

Citizens Financial Group, Inc.CFG

FY 2012 Earnings

Reported December 30, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$5.5B	—	$5.9B	—	-6.8%
Op. Income	$1.0B	—	$778M	—	31.6%
Gross Margin	81.3%	—	70.1%	—	11.1pp
Net Margin	11.7%	—	8.6%	—	3.1pp
EPS (Diluted)	$1.15	—	$0.90	—	27.8%
Free Cash Flow	$1.3B	—	$2.1B	—	-36.4%

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$1.0B
GROSS PROFIT	$4.5B
R&D Expenses	$0
Selling & Marketing	$86M
General & Administrative	$1.8B
SG&A Expenses	$1.9B
Other Expenses	$1.5B
Operating Expenses	$3.5B
Cost & Expenses	$4.5B
OPERATING INCOME	$1.0B
Interest Income	$3.8B
Interest Expense	$619M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$381M
Net Income from Continuing Ops	$643M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$643M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$643M
D&A	$467M
EBIT	$1.0B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$1.0B
GROSS PROFIT	$4.5B
R&D Expenses	$0
Selling & Marketing	$86M
General & Administrative	$1.8B
SG&A Expenses	$1.9B
Other Expenses	$1.5B
Operating Expenses	$3.5B
Cost & Expenses	$4.5B
OPERATING INCOME	$1.0B
Interest Income	$3.8B
Interest Expense	$619M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$381M
Net Income from Continuing Ops	$643M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$643M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$643M
D&A	$467M
EBIT	$1.0B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$643M
Depreciation & Amortization	$467M
Stock-Based Compensation	$29M
Deferred Income Tax	$306M
Other Non-Cash Items	$362M
Change in Working Capital	-$93M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$371M
Acquisitions (Net)	$0
Purchases of Investments	-$5.5B
Sales/Maturities of Investments	$9.6B
Other Investing Activities	-$3.0B
NET CASH FROM INVESTING	$919M
Net Debt Issuance	-$5.1B
Common Stock Repurchased	$0
Common Dividends Paid	-$150M
Other Financing Activities	$2.0B
NET CASH FROM FINANCING	-$3.3B
FREE CASH FLOW	$1.3B
Net Change in Cash	-$631M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.2B
Short-Term Investments	$18.4B
Net Receivables	$3.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$25.0B
PP&E (Net)	$643M
Goodwill	$11.3B
Intangible Assets	$0
Long-Term Investments	$85.4B
Tax Assets	$0
Other Non-Current Assets	$4.7B
TOTAL NON-CURRENT ASSETS	$102.1B
TOTAL ASSETS	$127.1B
Account Payables	$0
Short-Term Debt	$4.1B
Deferred Revenue	$0
Other Current Liabilities	$95.1B
TOTAL CURRENT LIABILITIES	$99.3B
Long-Term Debt	$694M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$446M
Other Non-Current Liabilities	$2.5B
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$102.9B
Common Stock	$6M
Additional Paid-In Capital	$18.6B
Retained Earnings	$5.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$312M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$24.1B
Minority Interest	$0
TOTAL EQUITY	$24.1B
TOTAL LIABILITIES & EQUITY	$127.1B
Total Debt	$4.8B
Net Debt	$1.6B