TRV FY 2021 Earnings Report — The Travelers Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Travelers Companies, Inc.TRV

FY 2021 Earnings

Reported February 17, 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	$34.8B	—	$32.0B	—	8.9%
Op. Income	$4.5B	—	$3.2B	—	37.7%
Gross Margin	27.2%	—	25.3%	—	1.9pp
Net Margin	10.5%	—	8.4%	—	2.1pp
EPS (Diluted)	$14.49	—	$10.52	—	37.7%
Free Cash Flow	$7.3B	—	$6.5B	—	11.6%

Revenue Flow

Item	Amount
REVENUE	$34.8B
Cost of Revenue	$25.3B
GROSS PROFIT	$9.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4.7B
SG&A Expenses	$4.7B
Other Expenses	$340M
Operating Expenses	$5.0B
Cost & Expenses	$30.4B
OPERATING INCOME	$4.5B
Interest Income	$0
Interest Expense	$340M
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.5B
Income Tax Expense	$796M
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	$3.6B
D&A	$870M
EBIT	$4.8B
EBITDA	$5.7B
EPS	$15
EPS Diluted	$14

Income Statement

Item	Amount
REVENUE	$34.8B
Cost of Revenue	$25.3B
GROSS PROFIT	$9.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4.7B
SG&A Expenses	$4.7B
Other Expenses	$340M
Operating Expenses	$5.0B
Cost & Expenses	$30.4B
OPERATING INCOME	$4.5B
Interest Income	$0
Interest Expense	$340M
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.5B
Income Tax Expense	$796M
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	$3.6B
D&A	$870M
EBIT	$4.8B
EBITDA	$5.7B
EPS	$15
EPS Diluted	$14

Cash Flow Statement

Item	Amount
Net Income	$3.7B
Depreciation & Amortization	$870M
Stock-Based Compensation	$0
Deferred Income Tax	$62M
Other Non-Cash Items	$4.6B
Change in Working Capital	-$1.9B
OPERATING CASH FLOW	$7.3B
Capital Expenditure	$0
Acquisitions (Net)	-$38M
Purchases of Investments	-$19.1B
Sales/Maturities of Investments	$14.2B
Other Investing Activities	-$276M
NET CASH FROM INVESTING	-$5.2B
Net Debt Issuance	$739M
Common Stock Repurchased	-$2.2B
Common Dividends Paid	-$869M
Other Financing Activities	$293M
NET CASH FROM FINANCING	-$2.0B
FREE CASH FLOW	$7.3B
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$761M
Short-Term Investments	$0
Net Receivables	$20.4B
Inventory	$0
Other Current Assets	-$82.8B
TOTAL CURRENT ASSETS	$21.8B
PP&E (Net)	$0
Goodwill	$4.0B
Intangible Assets	$306M
Long-Term Investments	$82.5B
Tax Assets	$0
Other Non-Current Assets	$33.6B
TOTAL NON-CURRENT ASSETS	$120.5B
TOTAL ASSETS	$120.5B
Account Payables	$4.3B
Short-Term Debt	$100M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$7.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$289M
Other Non-Current Liabilities	$79.7B
TOTAL NON-CURRENT LIABILITIES	$87.2B
TOTAL LIABILITIES	$91.6B
Common Stock	$24.2B
Additional Paid-In Capital	$0
Retained Earnings	$41.6B
Treasury Stock	-$38.0B
Accum. Other Comp. Income	$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$28.9B
Minority Interest	$0
TOTAL EQUITY	$28.9B
TOTAL LIABILITIES & EQUITY	$120.5B
Total Debt	$7.3B
Net Debt	$6.5B