U.S. Bancorp (USB) FY2021 results: revenue $22.7 billion, down 2.2% on the year
U.S. Bancorp (USB) reported revenue of $22.7 billion for fiscal 2021, the year ended 31 December 2021, down 2.2% on the year before. Net income was $8.0 billion, up 60.6%, and diluted earnings per share $5.10. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$22.7 billion
-2.2% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$8.0 billion
+60.6% on the year
FY2014FY2021
Diluted EPS
$5.10
+66.7% 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
9,870
3,716
4,889
+165.6%
Cash from investing
-57,487
-15,440
-21,560
Cash from financing
13,942
51,899
17,623
-73.1%
Share-based compensation
207
189
178
+9.5%
Buybacks
1,555
1,672
4,525
-7.0%
Dividends paid
2,579
2,552
2,443
+1.1%
Dividend per share
$1.76
$1.68
$1.58
+4.8%
Diluted shares, weighted
1,490m
1,510m
1,583m
-1.3%
Shares outstanding at period end
1,500m
1,500m
1,500m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
54,918
53,095
51,853
+3.4%
Non-controlling interest
469
630
630
-25.6%
Deposits
456,083
429,770
361,916
+6.1%
Debt
43,921
53,063
63,890
-17.2%
Other liabilities
17,893
17,347
17,137
+3.1%
Total liabilities and equity
573,284
553,905
495,426
+3.5%
Fixed assets
3,305
3,468
3,702
-4.7%
Goodwill
10,262
9,918
9,655
+3.5%
Intangible assets
3,738
2,864
3,223
+30.5%
Securities held for sale or to maturity
174,821
136,840
122,613
+27.8%
Loans
306,304
290,393
292,082
+5.5%
Securities borrowed
1,868
1,716
1,624
+8.9%
Cash and equivalents
28,905
62,580
22,405
-53.8%
Other assets
44,081
46,126
40,122
-4.4%
Total assets
573,284
553,905
495,426
+3.5%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.