Synchrony Financial (SYF) FY2021 results: revenue $10.2 billion, down 8.7% on the year
Synchrony Financial (SYF) reported revenue of $10.2 billion for fiscal 2021, the year ended 31 December 2021, down 8.7% on the year before. Net income was $4.2 billion, up 204.8%, and diluted earnings per share $7.34. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2022.
Revenue
$10.2 billion
-8.7% on the year
FY2017FY2021
Operating margin
n/a
FY2017FY2021
Net income
$4.2 billion
+204.8% on the year
FY2017FY2021
Diluted EPS
$7.34
+223.3% on the year
FY2017FY2021
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
7,099
7,487
8,990
-5.2%
Cash from investing
-4,814
-498
-261
Cash from financing
-5,204
-8,031
-6,458
Depreciation and amortisation
390
383
367
+1.8%
Buybacks
2,876
985
3,618
+192.0%
Dividends paid
500
520
581
-3.8%
Dividend per share
$0.88
$0.88
$0.86
0.0%
Diluted shares, weighted
569m
591m
674m
-3.6%
Shares outstanding at period end
527m
584m
616m
-9.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
13,655
12,701
15,088
+7.5%
Deposits
62,270
62,782
65,154
-0.8%
Debt
14,507
15,775
19,866
-8.0%
Other liabilities
5,316
4,690
4,718
+13.3%
Total liabilities and equity
95,748
95,948
104,826
-0.2%
Goodwill
1,105
1,078
1,078
+2.5%
Intangible assets
1,168
1,125
1,265
+3.8%
Securities held for sale or to maturity
5,283
7,469
n/a
-29.3%
Loans
n/a
71,602
81,613
Cash and equivalents
8,337
11,524
12,147
-27.7%
Other assets
79,855
3,150
8,723
+2,435.1%
Total assets
95,748
95,948
104,826
-0.2%
10-K for the year ended 31 December 2021, filed 10 February 2022: the filing.