U.S. Bancorp (USB) FY2022 results: revenue $24.2 billion, up 6.4% on the year
U.S. Bancorp (USB) reported revenue of $24.2 billion for fiscal 2022, the year ended 31 December 2022, up 6.4% on the year before. Net income was $5.8 billion, down 26.8%, and diluted earnings per share $3.69. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$24.2 billion
+6.4% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$5.8 billion
-26.8% on the year
FY2015FY2022
Diluted EPS
$3.69
-27.6% 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
21,119
9,870
3,716
+114.0%
Cash from investing
7,500
-57,487
-15,440
Cash from financing
-3,982
13,942
51,899
Share-based compensation
202
207
189
-2.4%
Buybacks
69.0
1,555
1,672
-95.6%
Dividends paid
2,776
2,579
2,552
+7.6%
Dividend per share
$1.88
$1.76
$1.68
+6.8%
Diluted shares, weighted
1,490m
1,490m
1,510m
0.0%
Shares outstanding at period end
1,500m
1,500m
1,500m
0.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
50,766
54,918
53,095
-7.6%
Non-controlling interest
466
469
630
-0.6%
Deposits
524,976
456,083
429,770
+15.1%
Debt
71,045
43,921
53,063
+61.8%
Other liabilities
27,552
17,893
17,347
+54.0%
Total liabilities and equity
674,805
573,284
553,905
+17.7%
Fixed assets
3,858
3,305
3,468
+16.7%
Goodwill
12,373
10,262
9,918
+20.6%
Intangible assets
7,155
3,738
2,864
+91.4%
Securities held for sale or to maturity
161,650
174,821
136,840
-7.5%
Loans
381,277
306,304
290,393
+24.5%
Securities borrowed
1,606
1,868
1,716
-14.0%
Cash and equivalents
53,542
28,905
62,580
+85.2%
Other assets
53,344
44,081
46,126
+21.0%
Total assets
674,805
573,284
553,905
+17.7%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.