CFG FY 2016 Earnings Report — Citizens Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

Citizens Financial Group, Inc.CFG

FY 2016 Earnings

Reported February 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$5.8B	—	$5.3B	—	9.2%
Op. Income	$1.5B	—	$1.3B	—	21.5%
Gross Margin	84.8%	—	85.7%	—	-0.9pp
Net Margin	18.1%	—	15.9%	—	2.2pp
EPS (Diluted)	$1.97	—	$1.55	—	27.1%
Free Cash Flow	$1.2B	—	$930M	—	27.6%

Revenue Flow

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$877M
GROSS PROFIT	$4.9B
R&D Expenses	$0
Selling & Marketing	$98M
General & Administrative	$1.8B
SG&A Expenses	$1.9B
Other Expenses	$1.4B
Operating Expenses	$3.4B
Cost & Expenses	$4.2B
OPERATING INCOME	$1.5B
Interest Income	$4.3B
Interest Expense	$508M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$489M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	-$14M
BOTTOM LINE NET INCOME	$1.0B
D&A	$515M
EBIT	$1.5B
EBITDA	$2.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$877M
GROSS PROFIT	$4.9B
R&D Expenses	$0
Selling & Marketing	$98M
General & Administrative	$1.8B
SG&A Expenses	$1.9B
Other Expenses	$1.4B
Operating Expenses	$3.4B
Cost & Expenses	$4.2B
OPERATING INCOME	$1.5B
Interest Income	$4.3B
Interest Expense	$508M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$489M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	-$14M
BOTTOM LINE NET INCOME	$1.0B
D&A	$515M
EBIT	$1.5B
EBITDA	$2.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$515M
Stock-Based Compensation	$23M
Deferred Income Tax	$153M
Other Non-Cash Items	$87M
Change in Working Capital	-$333M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$303M
Acquisitions (Net)	$0
Purchases of Investments	-$8.6B
Sales/Maturities of Investments	$6.8B
Other Investing Activities	-$9.4B
NET CASH FROM INVESTING	-$11.3B
Net Debt Issuance	$3.5B
Common Stock Repurchased	-$430M
Common Dividends Paid	-$241M
Other Financing Activities	$7.6B
NET CASH FROM FINANCING	$10.5B
FREE CASH FLOW	$1.2B
Net Change in Cash	$619M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.1B
Short-Term Investments	$19.2B
Net Receivables	$3.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$27.1B
PP&E (Net)	$601M
Goodwill	$6.9B
Intangible Assets	$0
Long-Term Investments	$109.1B
Tax Assets	$0
Other Non-Current Assets	$5.8B
TOTAL NON-CURRENT ASSETS	$122.4B
TOTAL ASSETS	$149.5B
Account Payables	$0
Short-Term Debt	$4.4B
Deferred Revenue	$0
Other Current Liabilities	$109.8B
TOTAL CURRENT LIABILITIES	$114.2B
Long-Term Debt	$12.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$714M
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$15.6B
TOTAL LIABILITIES	$129.8B
Common Stock	$6M
Additional Paid-In Capital	$18.7B
Retained Earnings	$2.7B
Treasury Stock	-$1.3B
Accum. Other Comp. Income	-$668M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$19.7B
Minority Interest	$0
TOTAL EQUITY	$19.7B
TOTAL LIABILITIES & EQUITY	$149.5B
Total Debt	$17.1B
Net Debt	$13.0B