CFG Q1 2018 Earnings Report — Citizens Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

Citizens Financial Group, Inc.CFG

Q1 2018 Earnings

Reported May 9, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2018	Q4 2017	Q1 2017	QoQ Change	YoY Change
Revenue	$1.7B	$1.7B	$1.5B	0.2%	10.4%
Op. Income	$501M	$503M	$434M	-0.4%	15.4%
Gross Margin	81.5%	82.7%	83.7%	-1.2pp	-2.2pp
Net Margin	22.8%	39.3%	20.8%	-16.5pp	2.0pp
EPS (Diluted)	$0.78	$1.35	$0.61	-42.2%	27.9%
Free Cash Flow	$615M	$246M	$800M	150.0%	-23.1%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$315M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$501M
SG&A Expenses	$526M
Other Expenses	$357M
Operating Expenses	$883M
Cost & Expenses	$1.2B
OPERATING INCOME	$501M
Interest Income	$1.3B
Interest Expense	$237M
Other Income/Expenses	$0
INCOME BEFORE TAX	$501M
Income Tax Expense	$113M
Net Income from Continuing Ops	$388M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$388M
Net Income Deductions	-$7M
BOTTOM LINE NET INCOME	$381M
D&A	$122M
EBIT	$501M
EBITDA	$623M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$315M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$501M
SG&A Expenses	$526M
Other Expenses	$357M
Operating Expenses	$883M
Cost & Expenses	$1.2B
OPERATING INCOME	$501M
Interest Income	$1.3B
Interest Expense	$237M
Other Income/Expenses	$0
INCOME BEFORE TAX	$501M
Income Tax Expense	$113M
Net Income from Continuing Ops	$388M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$388M
Net Income Deductions	-$7M
BOTTOM LINE NET INCOME	$381M
D&A	$122M
EBIT	$501M
EBITDA	$623M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$388M
Depreciation & Amortization	$122M
Stock-Based Compensation	$18M
Deferred Income Tax	$8M
Other Non-Cash Items	$92M
Change in Working Capital	$76M
OPERATING CASH FLOW	$704M
Capital Expenditure	-$89M
Acquisitions (Net)	$0
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$1.0B
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$175M
Common Dividends Paid	-$108M
Other Financing Activities	$128M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$615M
Net Change in Cash	$827M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.0B
Short-Term Investments	$20.0B
Net Receivables	$3.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$27.1B
PP&E (Net)	$687M
Goodwill	$6.9B
Intangible Assets	$0
Long-Term Investments	$113.6B
Tax Assets	$0
Other Non-Current Assets	$5.1B
TOTAL NON-CURRENT ASSETS	$126.3B
TOTAL ASSETS	$153.5B
Account Payables	$84M
Short-Term Debt	$1.8B
Deferred Revenue	$0
Other Current Liabilities	$115.7B
TOTAL CURRENT LIABILITIES	$117.6B
Long-Term Debt	$13.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$475M
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$15.8B
TOTAL LIABILITIES	$133.4B
Common Stock	$6M
Additional Paid-In Capital	$18.8B
Retained Earnings	$4.4B
Treasury Stock	-$2.3B
Accum. Other Comp. Income	-$1.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.1B
Minority Interest	$0
TOTAL EQUITY	$20.1B
TOTAL LIABILITIES & EQUITY	$153.5B
Total Debt	$15.3B
Net Debt	$11.3B