SYF FY 2020 Earnings Report — Synchrony Financial Revenue & Financial Results | Market Cap Arena

Synchrony FinancialSYF

FY 2020 Earnings

Reported February 11, 2021

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	$12.8B	—	$15.6B	—	-17.8%
Op. Income	$1.8B	—	$4.9B	—	-63.2%
Gross Margin	45.6%	—	58.5%	—	-12.9pp
Net Margin	10.8%	—	24.0%	—	-13.2pp
EPS (Diluted)	$2.27	—	$5.56	—	-59.2%
Free Cash Flow	$7.5B	—	$9.0B	—	-16.7%

Revenue Flow

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$7.0B
GROSS PROFIT	$5.9B
R&D Expenses	$0
Selling & Marketing	$448M
General & Administrative	$1.4B
SG&A Expenses	$1.8B
Other Expenses	$2.2B
Operating Expenses	$4.1B
Cost & Expenses	$11.0B
OPERATING INCOME	$1.8B
Interest Income	$16.1B
Interest Expense	$1.7B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$412M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$383M
EBIT	$1.8B
EBITDA	$2.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$7.0B
GROSS PROFIT	$5.9B
R&D Expenses	$0
Selling & Marketing	$448M
General & Administrative	$1.4B
SG&A Expenses	$1.8B
Other Expenses	$2.2B
Operating Expenses	$4.1B
Cost & Expenses	$11.0B
OPERATING INCOME	$1.8B
Interest Income	$16.1B
Interest Expense	$1.7B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$412M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$383M
EBIT	$1.8B
EBITDA	$2.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$383M
Stock-Based Compensation	$0
Deferred Income Tax	-$602M
Other Non-Cash Items	$6.0B
Change in Working Capital	$291M
OPERATING CASH FLOW	$7.5B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$9.9B
Sales/Maturities of Investments	$8.4B
Other Investing Activities	$1.0B
NET CASH FROM INVESTING	-$498M
Net Debt Issuance	-$4.1B
Common Stock Repurchased	-$985M
Common Dividends Paid	-$520M
Other Financing Activities	-$2.4B
NET CASH FROM FINANCING	-$8.0B
FREE CASH FLOW	$7.5B
Net Change in Cash	-$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$11.5B
Short-Term Investments	$7.5B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$19.0B
PP&E (Net)	$0
Goodwill	$1.1B
Intangible Assets	$1.1B
Long-Term Investments	$81.9B
Tax Assets	$0
Other Non-Current Assets	-$7.1B
TOTAL NON-CURRENT ASSETS	$77.0B
TOTAL ASSETS	$95.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$62.8B
TOTAL CURRENT LIABILITIES	$67.5B
Long-Term Debt	$15.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$15.8B
TOTAL LIABILITIES	$83.2B
Common Stock	$1M
Additional Paid-In Capital	$9.6B
Retained Earnings	$10.6B
Treasury Stock	-$8.2B
Accum. Other Comp. Income	-$51M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.7B
Minority Interest	$0
TOTAL EQUITY	$12.7B
TOTAL LIABILITIES & EQUITY	$95.9B
Total Debt	$15.8B
Net Debt	$4.3B