Citizens Financial Group (CFG) FY2022 results: revenue $8.0 billion, up 20.7% on the year
Citizens Financial Group Inc. (CFG) reported revenue of $8.0 billion for fiscal 2022, the year ended 31 December 2022, up 20.7% on the year before. Net income was $2.1 billion, down 10.6%, and diluted earnings per share $4.10. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$8.0 billion
+20.7% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$2.1 billion
-10.6% on the year
FY2015FY2022
Diluted EPS
$4.10
-20.5% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,119
2,275
111
+81.1%
Capital expenditure
126
124
118
+1.6%
Free cash flow
3,993
2,151
-7.0
+85.6%
Cash from investing
-12,637
-10,486
-6,136
Cash from financing
9,907
4,636
15,372
+113.7%
Depreciation and amortisation
565
625
578
-9.6%
Share-based compensation
84.0
59.0
48.0
+42.4%
Buybacks
153
295
270
-48.1%
Dividends paid
779
670
672
+16.3%
Dividend per share
$1.62
$1.56
$1.56
+3.8%
Diluted shares, weighted
478m
427m
428m
+11.8%
Shares outstanding at period end
492m
422m
427m
+16.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
23,690
23,420
22,673
+1.2%
Deposits
180,724
154,361
147,164
+17.1%
Short-term borrowings
3.0
n/a
n/a
Debt
15,887
7,006
8,589
+126.8%
Other liabilities
6,429
3,622
4,923
+77.5%
Total liabilities and equity
226,733
188,409
183,349
+20.3%
Fixed assets
844
768
759
+9.9%
Goodwill
8,173
7,116
7,050
+14.9%
Intangible assets
197
64.0
58.0
+207.8%
Securities held for sale or to maturity
33,841
28,309
26,177
+19.5%
Loans
154,679
126,405
120,647
+22.4%
Cash and equivalents
10,547
9,158
12,733
+15.2%
Other assets
18,452
16,589
15,925
+11.2%
Total assets
226,733
188,409
183,349
+20.3%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.