SYF FY 2016 Earnings Report — Synchrony Financial Revenue & Financial Results | Market Cap Arena

Synchrony FinancialSYF

FY 2016 Earnings

Reported February 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$12.2B	—	$10.9B	—	12.3%
Op. Income	$3.6B	—	$3.5B	—	1.1%
Gross Margin	57.2%	—	62.4%	—	-5.3pp
Net Margin	18.4%	—	20.3%	—	-1.9pp
EPS (Diluted)	$2.71	—	$2.65	—	2.3%
Free Cash Flow	$6.8B	—	$6.2B	—	10.3%

Revenue Flow

Item	Amount
REVENUE	$12.2B
Cost of Revenue	$5.2B
GROSS PROFIT	$7.0B
R&D Expenses	$0
Selling & Marketing	$423M
General & Administrative	$1.2B
SG&A Expenses	$1.6B
Other Expenses	$1.8B
Operating Expenses	$3.4B
Cost & Expenses	$8.7B
OPERATING INCOME	$3.6B
Interest Income	$14.8B
Interest Expense	$1.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.3B
D&A	$219M
EBIT	$3.6B
EBITDA	$3.8B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$12.2B
Cost of Revenue	$5.2B
GROSS PROFIT	$7.0B
R&D Expenses	$0
Selling & Marketing	$423M
General & Administrative	$1.2B
SG&A Expenses	$1.6B
Other Expenses	$1.8B
Operating Expenses	$3.4B
Cost & Expenses	$8.7B
OPERATING INCOME	$3.6B
Interest Income	$14.8B
Interest Expense	$1.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.3B
D&A	$219M
EBIT	$3.6B
EBITDA	$3.8B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.3B
Depreciation & Amortization	$219M
Stock-Based Compensation	$0
Deferred Income Tax	$389M
Other Non-Cash Items	$4.5B
Change in Working Capital	-$547M
OPERATING CASH FLOW	$6.8B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$3.4B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	-$11.3B
NET CASH FROM INVESTING	-$13.3B
Net Debt Issuance	-$4.2B
Common Stock Repurchased	-$476M
Common Dividends Paid	-$214M
Other Financing Activities	$8.7B
NET CASH FROM FINANCING	$3.5B
FREE CASH FLOW	$6.8B
Net Change in Cash	-$3.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$9.3B
Short-Term Investments	$5.1B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$14.4B
PP&E (Net)	$0
Goodwill	$949M
Intangible Assets	$712M
Long-Term Investments	$76.4B
Tax Assets	$0
Other Non-Current Assets	-$2.2B
TOTAL NON-CURRENT ASSETS	$75.8B
TOTAL ASSETS	$90.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$52.1B
TOTAL CURRENT LIABILITIES	$55.9B
Long-Term Debt	$20.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$20.1B
TOTAL LIABILITIES	$76.0B
Common Stock	$1M
Additional Paid-In Capital	$9.4B
Retained Earnings	$5.3B
Treasury Stock	-$475M
Accum. Other Comp. Income	-$53M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.2B
Minority Interest	$0
TOTAL EQUITY	$14.2B
TOTAL LIABILITIES & EQUITY	$90.2B
Total Debt	$20.1B
Net Debt	$10.8B