RY FY 2020 Earnings Report — Royal Bank of Canada Revenue & Financial Results | Market Cap Arena

Royal Bank of CanadaRY

FY 2020 Earnings

Reported December 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$44.7B	—	$49.2B	—	-9.2%
Op. Income	$10.5B	—	$11.6B	—	-9.6%
Gross Margin	69.9%	—	65.2%	—	4.7pp
Net Margin	18.7%	—	19.1%	—	-0.4pp
EPS (Diluted)	$5.71	—	$6.39	—	-10.6%
Free Cash Flow	$99.5B	—	$8.8B	—	1034.5%

Revenue Flow

Item	Amount
REVENUE	$44.7B
Cost of Revenue	$13.4B
GROSS PROFIT	$31.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13.8B
SG&A Expenses	$13.8B
Other Expenses	$6.9B
Operating Expenses	$20.7B
Cost & Expenses	$34.2B
OPERATING INCOME	$10.5B
Interest Income	$25.5B
Interest Expense	$10.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$10.5B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$8.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8.4B
Net Income Deductions	-$10M
BOTTOM LINE NET INCOME	$8.2B
D&A	$1.9B
EBIT	$10.5B
EBITDA	$12.5B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$44.7B
Cost of Revenue	$13.4B
GROSS PROFIT	$31.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13.8B
SG&A Expenses	$13.8B
Other Expenses	$6.9B
Operating Expenses	$20.7B
Cost & Expenses	$34.2B
OPERATING INCOME	$10.5B
Interest Income	$25.5B
Interest Expense	$10.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$10.5B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$8.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8.4B
Net Income Deductions	-$10M
BOTTOM LINE NET INCOME	$8.2B
D&A	$1.9B
EBIT	$10.5B
EBITDA	$12.5B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$8.4B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$0
Deferred Income Tax	-$428M
Other Non-Cash Items	$3.0B
Change in Working Capital	$88.6B
OPERATING CASH FLOW	$101.4B
Capital Expenditure	-$1.9B
Acquisitions (Net)	-$16M
Purchases of Investments	-$109.3B
Sales/Maturities of Investments	$82.8B
Other Investing Activities	-$494M
NET CASH FROM INVESTING	-$28.9B
Net Debt Issuance	-$603M
Common Stock Repurchased	-$5.2B
Common Dividends Paid	-$4.6B
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$5.7B
FREE CASH FLOW	$99.5B
Net Change in Cash	$67.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$115.4B
Short-Term Investments	$32.4B
Net Receivables	$13.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$161.4B
PP&E (Net)	$5.8B
Goodwill	$8.3B
Intangible Assets	$3.5B
Long-Term Investments	$655.0B
Tax Assets	$1.9B
Other Non-Current Assets	$355.4B
TOTAL NON-CURRENT ASSETS	$1.0T
TOTAL ASSETS	$1.2T
Account Payables	$6.9B
Short-Term Debt	$258.9B
Deferred Revenue	$0
Other Current Liabilities	$576.7B
TOTAL CURRENT LIABILITIES	$848.4B
Long-Term Debt	$132.9B
Deferred Revenue NC	$2.2B
Deferred Tax Liabilities	$38M
Other Non-Current Liabilities	$136.8B
TOTAL NON-CURRENT LIABILITIES	$275.4B
TOTAL LIABILITIES	$1.1T
Common Stock	$12.9B
Additional Paid-In Capital	$0
Retained Earnings	$43.7B
Treasury Stock	-$96M
Accum. Other Comp. Income	$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$63.3B
Minority Interest	$75M
TOTAL EQUITY	$63.4B
TOTAL LIABILITIES & EQUITY	$1.2T
Total Debt	$395.7B
Net Debt	$280.3B