Synchrony Financial (SYF) FY2022 results: revenue $11.7 billion, up 14.5% on the year
Synchrony Financial (SYF) reported revenue of $11.7 billion for fiscal 2022, the year ended 31 December 2022, up 14.5% on the year before. Net income was $3.0 billion, down 28.5%, and diluted earnings per share $6.15. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2023.
Revenue
$11.7 billion
+14.5% on the year
FY2017FY2022
Operating margin
n/a
FY2017FY2022
Net income
$3.0 billion
-28.5% on the year
FY2017FY2022
Diluted EPS
$6.15
-16.2% on the year
FY2017FY2022
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
6,694
7,099
7,487
-5.7%
Cash from investing
-10,234
-4,814
-498
Cash from financing
5,284
-5,204
-8,031
Depreciation and amortisation
419
390
383
+7.4%
Buybacks
3,320
2,876
985
+15.4%
Dividends paid
434
500
520
-13.2%
Dividend per share
$0.90
$0.88
$0.88
+2.3%
Diluted shares, weighted
483m
569m
591m
-15.1%
Shares outstanding at period end
438m
527m
584m
-16.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
12,873
13,655
12,701
-5.7%
Deposits
71,735
62,270
62,782
+15.2%
Debt
14,191
14,507
15,775
-2.2%
Other liabilities
5,765
5,316
4,690
+8.4%
Total liabilities and equity
104,564
95,748
95,948
+9.2%
Goodwill
1,105
1,105
1,078
0.0%
Intangible assets
742
1,168
1,125
-36.5%
Securities held for sale or to maturity
4,879
5,283
7,469
-7.6%
Loans
n/a
n/a
71,602
Cash and equivalents
10,294
8,337
11,524
+23.5%
Other assets
87,544
79,855
3,150
+9.6%
Total assets
104,564
95,748
95,948
+9.2%
10-K for the year ended 31 December 2022, filed 9 February 2023: the filing.