CFG Q4 2016 Earnings Report — Citizens Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

Citizens Financial Group, Inc.CFG

Q4 2016 Earnings

Reported February 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$1.5B	$1.5B	—	-0.3%	—
Op. Income	$414M	$427M	—	-3.0%	—
Gross Margin	84.2%	85.4%	—	-1.2pp	—
Net Margin	18.8%	19.7%	—	-0.9pp	—
EPS (Diluted)	$0.55	$0.56	—	-1.8%	—
Free Cash Flow	$159M	$431M	—	-63.1%	—

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$238M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$453M
SG&A Expenses	$478M
Other Expenses	$374M
Operating Expenses	$852M
Cost & Expenses	$1.1B
OPERATING INCOME	$414M
Interest Income	$1.1B
Interest Expense	$136M
Other Income/Expenses	$0
INCOME BEFORE TAX	$414M
Income Tax Expense	$132M
Net Income from Continuing Ops	$282M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$282M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$282M
D&A	$136M
EBIT	$414M
EBITDA	$550M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$238M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$453M
SG&A Expenses	$478M
Other Expenses	$374M
Operating Expenses	$852M
Cost & Expenses	$1.1B
OPERATING INCOME	$414M
Interest Income	$1.1B
Interest Expense	$136M
Other Income/Expenses	$0
INCOME BEFORE TAX	$414M
Income Tax Expense	$132M
Net Income from Continuing Ops	$282M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$282M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$282M
D&A	$136M
EBIT	$414M
EBITDA	$550M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$282M
Depreciation & Amortization	$136M
Stock-Based Compensation	$8M
Deferred Income Tax	$10M
Other Non-Cash Items	-$54M
Change in Working Capital	-$90M
OPERATING CASH FLOW	$292M
Capital Expenditure	-$133M
Acquisitions (Net)	$0
Purchases of Investments	-$3.0B
Sales/Maturities of Investments	$2.6B
Other Investing Activities	-$2.1B
NET CASH FROM INVESTING	-$2.6B
Net Debt Issuance	$1.6B
Common Stock Repurchased	-$180M
Common Dividends Paid	-$62M
Other Financing Activities	$1.7B
NET CASH FROM FINANCING	$3.1B
FREE CASH FLOW	$159M
Net Change in Cash	$789M

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