SYF FY 2021 Earnings Report — Synchrony Financial Revenue & Financial Results | Market Cap Arena

Synchrony FinancialSYF

FY 2021 Earnings

Reported February 10, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$11.2B	—	$12.8B	—	-12.5%
Op. Income	$5.5B	—	$1.8B	—	206.2%
Gross Margin	84.3%	—	45.6%	—	38.7pp
Net Margin	37.6%	—	10.8%	—	26.8pp
EPS (Diluted)	$7.34	—	$2.27	—	223.3%
Free Cash Flow	$7.1B	—	$7.5B	—	-5.2%

Revenue Flow

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$1.8B
GROSS PROFIT	$9.5B
R&D Expenses	$0
Selling & Marketing	$486M
General & Administrative	$1.5B
SG&A Expenses	$2.0B
Other Expenses	$2.0B
Operating Expenses	$4.0B
Cost & Expenses	$5.7B
OPERATING INCOME	$5.5B
Interest Income	$15.3B
Interest Expense	$1.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$5.5B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$4.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.2B
D&A	$390M
EBIT	$5.5B
EBITDA	$5.9B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$1.8B
GROSS PROFIT	$9.5B
R&D Expenses	$0
Selling & Marketing	$486M
General & Administrative	$1.5B
SG&A Expenses	$2.0B
Other Expenses	$2.0B
Operating Expenses	$4.0B
Cost & Expenses	$5.7B
OPERATING INCOME	$5.5B
Interest Income	$15.3B
Interest Expense	$1.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$5.5B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$4.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.2B
D&A	$390M
EBIT	$5.5B
EBITDA	$5.9B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$4.2B
Depreciation & Amortization	$390M
Stock-Based Compensation	$0
Deferred Income Tax	$219M
Other Non-Cash Items	$1.2B
Change in Working Capital	$1.0B
OPERATING CASH FLOW	$7.1B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$3.0B
Sales/Maturities of Investments	$5.1B
Other Investing Activities	-$6.9B
NET CASH FROM INVESTING	-$4.8B
Net Debt Issuance	-$1.3B
Common Stock Repurchased	-$2.9B
Common Dividends Paid	-$500M
Other Financing Activities	-$505M
NET CASH FROM FINANCING	-$5.2B
FREE CASH FLOW	$7.1B
Net Change in Cash	-$2.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$8.3B
Short-Term Investments	$5.3B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$13.6B
PP&E (Net)	$0
Goodwill	$1.1B
Intangible Assets	$1.2B
Long-Term Investments	$85.1B
Tax Assets	$0
Other Non-Current Assets	-$5.2B
TOTAL NON-CURRENT ASSETS	$82.1B
TOTAL ASSETS	$95.7B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$62.3B
TOTAL CURRENT LIABILITIES	$67.6B
Long-Term Debt	$14.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$14.5B
TOTAL LIABILITIES	$82.1B
Common Stock	$1M
Additional Paid-In Capital	$9.7B
Retained Earnings	$14.2B
Treasury Stock	-$10.9B
Accum. Other Comp. Income	-$69M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.7B
Minority Interest	$0
TOTAL EQUITY	$13.7B
TOTAL LIABILITIES & EQUITY	$95.7B
Total Debt	$14.5B
Net Debt	$6.2B