OMF FY 2023 Earnings Report — OneMain Holdings, Inc. Revenue & Financial Results | Market Cap Arena

OneMain Holdings, Inc.OMF

FY 2023 Earnings

Reported February 13, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$5.3B	—	—	—	—
Op. Income	$840M	—	—	—	—
Gross Margin	48.3%	—	—	—	—
Net Margin	12.1%	—	—	—	—
EPS (Diluted)	$5.31	—	—	—	—
Free Cash Flow	$2.5B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.0B
SG&A Expenses	$1.0B
Other Expenses	$675M
Operating Expenses	$1.7B
Cost & Expenses	$4.5B
OPERATING INCOME	$840M
Interest Income	$4.6B
Interest Expense	$1.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$840M
Income Tax Expense	$199M
Net Income from Continuing Ops	$641M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$641M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$641M
D&A	$257M
EBIT	$840M
EBITDA	$1.1B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.0B
SG&A Expenses	$1.0B
Other Expenses	$675M
Operating Expenses	$1.7B
Cost & Expenses	$4.5B
OPERATING INCOME	$840M
Interest Income	$4.6B
Interest Expense	$1.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$840M
Income Tax Expense	$199M
Net Income from Continuing Ops	$641M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$641M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$641M
D&A	$257M
EBIT	$840M
EBITDA	$1.1B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$641M
Depreciation & Amortization	$257M
Stock-Based Compensation	$36M
Deferred Income Tax	-$36M
Other Non-Cash Items	$1.7B
Change in Working Capital	-$44M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$184M
Sales/Maturities of Investments	$329M
Other Investing Activities	-$3.0B
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$65M
Common Dividends Paid	-$414M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	$932M
FREE CASH FLOW	$2.5B
Net Change in Cash	$589M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$1.6B
Net Receivables	$0
Inventory	$0
Other Current Assets	$534M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$0
Goodwill	$1.4B
Intangible Assets	$260M
Long-Term Investments	$18.9B
Tax Assets	$0
Other Non-Current Assets	$461M
TOTAL NON-CURRENT ASSETS	$21.1B
TOTAL ASSETS	$24.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$19.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$21.1B
TOTAL LIABILITIES	$21.1B
Common Stock	$1M
Additional Paid-In Capital	$1.7B
Retained Earnings	$2.3B
Treasury Stock	-$728M
Accum. Other Comp. Income	-$87M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$0
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$24.3B
Total Debt	$19.8B
Net Debt	$18.8B