SYF FY 2019 Earnings Report — Synchrony Financial Revenue & Financial Results | Market Cap Arena

Synchrony FinancialSYF

FY 2019 Earnings

Reported February 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$15.6B	—	$15.2B	—	3.0%
Op. Income	$4.9B	—	$3.6B	—	34.1%
Gross Margin	58.5%	—	51.1%	—	7.5pp
Net Margin	24.0%	—	18.4%	—	5.6pp
EPS (Diluted)	$5.56	—	$3.74	—	48.7%
Free Cash Flow	$9.0B	—	$9.3B	—	-3.8%

Revenue Flow

Item	Amount
REVENUE	$15.6B
Cost of Revenue	$6.5B
GROSS PROFIT	$9.1B
R&D Expenses	$0
Selling & Marketing	$549M
General & Administrative	$1.5B
SG&A Expenses	$2.0B
Other Expenses	$2.2B
Operating Expenses	$4.2B
Cost & Expenses	$10.7B
OPERATING INCOME	$4.9B
Interest Income	$19.1B
Interest Expense	$2.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.9B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.7B
D&A	$367M
EBIT	$4.9B
EBITDA	$5.3B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$15.6B
Cost of Revenue	$6.5B
GROSS PROFIT	$9.1B
R&D Expenses	$0
Selling & Marketing	$549M
General & Administrative	$1.5B
SG&A Expenses	$2.0B
Other Expenses	$2.2B
Operating Expenses	$4.2B
Cost & Expenses	$10.7B
OPERATING INCOME	$4.9B
Interest Income	$19.1B
Interest Expense	$2.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.9B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.7B
D&A	$367M
EBIT	$4.9B
EBITDA	$5.3B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$3.7B
Depreciation & Amortization	$367M
Stock-Based Compensation	$0
Deferred Income Tax	$23M
Other Non-Cash Items	$4.8B
Change in Working Capital	$65M
OPERATING CASH FLOW	$9.0B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$7.9B
Sales/Maturities of Investments	$8.1B
Other Investing Activities	-$490M
NET CASH FROM INVESTING	-$261M
Net Debt Issuance	-$4.1B
Common Stock Repurchased	-$3.6B
Common Dividends Paid	-$581M
Other Financing Activities	$1.2B
NET CASH FROM FINANCING	-$6.5B
FREE CASH FLOW	$9.0B
Net Change in Cash	$2.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$12.1B
Short-Term Investments	$5.9B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$18.1B
PP&E (Net)	$0
Goodwill	$1.1B
Intangible Assets	$1.3B
Long-Term Investments	$87.9B
Tax Assets	$0
Other Non-Current Assets	-$3.5B
TOTAL NON-CURRENT ASSETS	$86.8B
TOTAL ASSETS	$104.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$65.2B
TOTAL CURRENT LIABILITIES	$69.9B
Long-Term Debt	$19.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$19.9B
TOTAL LIABILITIES	$89.7B
Common Stock	$1M
Additional Paid-In Capital	$9.5B
Retained Earnings	$12.1B
Treasury Stock	-$7.2B
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.1B
Minority Interest	$0
TOTAL EQUITY	$15.1B
TOTAL LIABILITIES & EQUITY	$104.8B
Total Debt	$19.9B
Net Debt	$7.7B