Citizens Financial Group (CFG) FY2021 results: revenue $6.6 billion, down 3.7% on the year
Citizens Financial Group Inc. (CFG) reported revenue of $6.6 billion for fiscal 2021, the year ended 31 December 2021, down 3.7% on the year before. Net income was $2.3 billion, up 119.4%, and diluted earnings per share $5.16. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$6.6 billion
-3.7% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$2.3 billion
+119.4% on the year
FY2014FY2021
Diluted EPS
$5.16
+132.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,275
111
1,697
+1,949.5%
Capital expenditure
124
118
126
+5.1%
Free cash flow
2,151
-7.0
1,571
Cash from investing
-10,486
-6,136
-3,875
Cash from financing
4,636
15,372
1,490
-69.8%
Depreciation and amortisation
625
578
633
+8.1%
Share-based compensation
59.0
48.0
41.0
+22.9%
Buybacks
295
270
1,220
+9.3%
Dividends paid
670
672
617
-0.3%
Dividend per share
$1.56
$1.56
$1.36
0.0%
Diluted shares, weighted
427m
428m
451m
-0.2%
Shares outstanding at period end
422m
427m
433m
-1.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
23,420
22,673
22,201
+3.3%
Deposits
154,361
147,164
125,313
+4.9%
Repurchase agreements
n/a
n/a
265
Debt
7,006
8,589
14,321
-18.4%
Other liabilities
3,622
4,923
3,633
-26.4%
Total liabilities and equity
188,409
183,349
165,733
+2.8%
Fixed assets
768
759
761
+1.2%
Goodwill
7,116
7,050
7,044
+0.9%
Intangible assets
64.0
58.0
68.0
+10.3%
Securities held for sale or to maturity
28,309
26,177
23,815
+8.1%
Loans
126,405
120,647
117,836
+4.8%
Cash and equivalents
9,158
12,733
3,386
-28.1%
Other assets
16,589
15,925
12,823
+4.2%
Total assets
188,409
183,349
165,733
+2.8%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.