SYF FY 2018 Earnings Report — Synchrony Financial Revenue & Financial Results | Market Cap Arena

Synchrony FinancialSYF

FY 2018 Earnings

Reported February 15, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$15.2B	—	$13.8B	—	10.1%
Op. Income	$3.6B	—	$3.3B	—	9.6%
Gross Margin	51.1%	—	51.4%	—	-0.3pp
Net Margin	18.4%	—	14.1%	—	4.3pp
EPS (Diluted)	$3.74	—	$2.42	—	54.5%
Free Cash Flow	$9.3B	—	$8.9B	—	4.8%

Revenue Flow

Item	Amount
REVENUE	$15.2B
Cost of Revenue	$7.4B
GROSS PROFIT	$7.7B
R&D Expenses	$0
Selling & Marketing	$528M
General & Administrative	$1.4B
SG&A Expenses	$2.0B
Other Expenses	$2.1B
Operating Expenses	$4.1B
Cost & Expenses	$11.5B
OPERATING INCOME	$3.6B
Interest Income	$18.0B
Interest Expense	$1.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$854M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$302M
EBIT	$3.6B
EBITDA	$3.9B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$15.2B
Cost of Revenue	$7.4B
GROSS PROFIT	$7.7B
R&D Expenses	$0
Selling & Marketing	$528M
General & Administrative	$1.4B
SG&A Expenses	$2.0B
Other Expenses	$2.1B
Operating Expenses	$4.1B
Cost & Expenses	$11.5B
OPERATING INCOME	$3.6B
Interest Income	$18.0B
Interest Expense	$1.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$854M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$302M
EBIT	$3.6B
EBITDA	$3.9B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$2.8B
Depreciation & Amortization	$302M
Stock-Based Compensation	$0
Deferred Income Tax	-$53M
Other Non-Cash Items	$6.1B
Change in Working Capital	$157M
OPERATING CASH FLOW	$9.3B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$7.3B
Sales/Maturities of Investments	$5.7B
Other Investing Activities	-$17.4B
NET CASH FROM INVESTING	-$19.0B
Net Debt Issuance	$3.2B
Common Stock Repurchased	-$1.9B
Common Dividends Paid	-$534M
Other Financing Activities	$7.5B
NET CASH FROM FINANCING	$8.3B
FREE CASH FLOW	$9.3B
Net Change in Cash	-$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$9.4B
Short-Term Investments	$6.1B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$15.5B
PP&E (Net)	$0
Goodwill	$1.0B
Intangible Assets	$1.1B
Long-Term Investments	$93.1B
Tax Assets	$0
Other Non-Current Assets	-$4.0B
TOTAL NON-CURRENT ASSETS	$91.3B
TOTAL ASSETS	$106.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$64.0B
TOTAL CURRENT LIABILITIES	$68.1B
Long-Term Debt	$24.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$24.0B
TOTAL LIABILITIES	$92.1B
Common Stock	$1M
Additional Paid-In Capital	$9.5B
Retained Earnings	$9.0B
Treasury Stock	-$3.7B
Accum. Other Comp. Income	-$62M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.7B
Minority Interest	$0
TOTAL EQUITY	$14.7B
TOTAL LIABILITIES & EQUITY	$106.8B
Total Debt	$24.0B
Net Debt	$14.6B