SYF FY 2017 Earnings Report — Synchrony Financial Revenue & Financial Results | Market Cap Arena

Synchrony FinancialSYF

FY 2017 Earnings

Reported February 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$13.8B	—	$12.2B	—	12.6%
Op. Income	$3.3B	—	$3.6B	—	-6.9%
Gross Margin	51.4%	—	57.2%	—	-5.8pp
Net Margin	14.1%	—	18.4%	—	-4.4pp
EPS (Diluted)	$2.42	—	$2.71	—	-10.7%
Free Cash Flow	$8.9B	—	$6.8B	—	30.7%

Revenue Flow

Item	Amount
REVENUE	$13.8B
Cost of Revenue	$6.7B
GROSS PROFIT	$7.1B
R&D Expenses	$0
Selling & Marketing	$498M
General & Administrative	$1.3B
SG&A Expenses	$1.8B
Other Expenses	$1.9B
Operating Expenses	$3.7B
Cost & Expenses	$10.4B
OPERATING INCOME	$3.3B
Interest Income	$16.4B
Interest Expense	$1.4B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$1.4B
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$254M
EBIT	$3.3B
EBITDA	$3.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$13.8B
Cost of Revenue	$6.7B
GROSS PROFIT	$7.1B
R&D Expenses	$0
Selling & Marketing	$498M
General & Administrative	$1.3B
SG&A Expenses	$1.8B
Other Expenses	$1.9B
Operating Expenses	$3.7B
Cost & Expenses	$10.4B
OPERATING INCOME	$3.3B
Interest Income	$16.4B
Interest Expense	$1.4B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$1.4B
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$254M
EBIT	$3.3B
EBITDA	$3.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$254M
Stock-Based Compensation	$0
Deferred Income Tax	$385M
Other Non-Cash Items	$649M
Change in Working Capital	$397M
OPERATING CASH FLOW	$8.9B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$3.2B
Sales/Maturities of Investments	$3.8B
Other Investing Activities	-$10.0B
NET CASH FROM INVESTING	-$9.4B
Net Debt Issuance	$633M
Common Stock Repurchased	-$1.5B
Common Dividends Paid	-$446M
Other Financing Activities	$4.1B
NET CASH FROM FINANCING	$2.8B
FREE CASH FLOW	$8.9B
Net Change in Cash	$2.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$11.6B
Short-Term Investments	$4.5B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$16.1B
PP&E (Net)	$0
Goodwill	$991M
Intangible Assets	$749M
Long-Term Investments	$81.9B
Tax Assets	$0
Other Non-Current Assets	-$4.0B
TOTAL NON-CURRENT ASSETS	$79.7B
TOTAL ASSETS	$95.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$56.5B
TOTAL CURRENT LIABILITIES	$60.8B
Long-Term Debt	$20.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$20.8B
TOTAL LIABILITIES	$81.6B
Common Stock	$1M
Additional Paid-In Capital	$9.4B
Retained Earnings	$6.8B
Treasury Stock	-$2.0B
Accum. Other Comp. Income	-$64M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.2B
Minority Interest	$0
TOTAL EQUITY	$14.2B
TOTAL LIABILITIES & EQUITY	$95.8B
Total Debt	$20.8B
Net Debt	$9.2B