CFG FY 2017 Earnings Report — Citizens Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

Citizens Financial Group, Inc.CFG

FY 2017 Earnings

Reported February 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$6.5B	—	$5.8B	—	12.0%
Op. Income	$1.9B	—	$1.5B	—	24.6%
Gross Margin	83.5%	—	84.8%	—	-1.3pp
Net Margin	25.6%	—	18.1%	—	7.5pp
EPS (Diluted)	$3.25	—	$1.97	—	65.0%
Free Cash Flow	$1.4B	—	$1.2B	—	21.6%

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$105M
General & Administrative	$1.9B
SG&A Expenses	$2.0B
Other Expenses	$1.5B
Operating Expenses	$3.5B
Cost & Expenses	$4.5B
OPERATING INCOME	$1.9B
Interest Income	$4.9B
Interest Expense	$747M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$260M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	-$14M
BOTTOM LINE NET INCOME	$1.6B
D&A	$487M
EBIT	$1.9B
EBITDA	$2.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$105M
General & Administrative	$1.9B
SG&A Expenses	$2.0B
Other Expenses	$1.5B
Operating Expenses	$3.5B
Cost & Expenses	$4.5B
OPERATING INCOME	$1.9B
Interest Income	$4.9B
Interest Expense	$747M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$260M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	-$14M
BOTTOM LINE NET INCOME	$1.6B
D&A	$487M
EBIT	$1.9B
EBITDA	$2.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$487M
Stock-Based Compensation	$48M
Deferred Income Tax	-$136M
Other Non-Cash Items	$453M
Change in Working Capital	-$621M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$440M
Acquisitions (Net)	$0
Purchases of Investments	-$6.3B
Sales/Maturities of Investments	$6.2B
Other Investing Activities	-$3.6B
NET CASH FROM INVESTING	-$4.0B
Net Debt Issuance	-$2.3B
Common Stock Repurchased	-$820M
Common Dividends Paid	-$322M
Other Financing Activities	$4.9B
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$1.4B
Net Change in Cash	-$672M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.2B
Short-Term Investments	$20.1B
Net Receivables	$3.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$26.4B
PP&E (Net)	$685M
Goodwill	$6.9B
Intangible Assets	$0
Long-Term Investments	$112.4B
Tax Assets	$0
Other Non-Current Assets	$5.9B
TOTAL NON-CURRENT ASSETS	$125.9B
TOTAL ASSETS	$152.3B
Account Payables	$0
Short-Term Debt	$2.7B
Deferred Revenue	$0
Other Current Liabilities	$115.1B
TOTAL CURRENT LIABILITIES	$117.8B
Long-Term Debt	$11.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$571M
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$14.3B
TOTAL LIABILITIES	$132.1B
Common Stock	$6M
Additional Paid-In Capital	$18.8B
Retained Earnings	$4.2B
Treasury Stock	-$2.1B
Accum. Other Comp. Income	-$820M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.3B
Minority Interest	$0
TOTAL EQUITY	$20.3B
TOTAL LIABILITIES & EQUITY	$152.3B
Total Debt	$14.4B
Net Debt	$11.2B