Citizens Financial Group, Inc. (CFG) financial statements (2022 and earlier)

Company profile

Business Address 1 CITIZENS PLAZA
PROVIDENCE, RI 02903
State of Incorp. DE
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5801,4091,5194,2553,0323,7043,085
Cash and cash equivalents1,4711,3431,4724,0743,0323,7043,085
Short-term investments1096647181   
Total current assets:1,5801,4091,5194,2553,0323,7043,085
Noncurrent Assets
Operating lease, right-of-use asset766800699
Property, plant and equipment768759761791685601595
Intangible assets, net (including goodwill)7,1807,1087,1126,9546,8876,8766,876
Goodwill7,1167,0507,0446,9236,8876,8766,876
Intangible assets, net (excluding goodwill)64586831   
Total noncurrent assets:8,7148,6678,5727,7457,5727,4777,471
Other undisclosed assets178,115173,273155,642148,518141,732138,339127,652
TOTAL ASSETS:188,409183,349165,733160,518152,336149,520138,208
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt742432742,8092,6714,3593,432
Total current liabilities:742432742,8092,6714,3593,432
Noncurrent Liabilities
Liabilities, other than long-term debt 629866    
Deferred income tax liabilities 629866
Total noncurrent liabilities: 629866    
Other undisclosed liabilities164,915159,804142,392136,892129,395125,414115,130
Total liabilities:164,989160,676143,532139,701132,066129,773118,562
Stockholders' equity
Stockholders' equity attributable to parent23,42022,67322,20120,81720,27019,74719,646
Preferred stock2,0141,9651,570840247247247
Common stock6666666
Treasury stock, value(4,918)(4,623)(4,353)(3,133)(2,108)(1,263)(858)
Additional paid in capital19,00518,94018,89118,81518,78118,72218,725
Accumulated other comprehensive loss(665)(60)(411)(1,096)(820)(668)(387)
Retained earnings7,9786,4456,4985,3854,1642,7031,913
Total stockholders' equity:23,42022,67322,20120,81720,27019,74719,646
TOTAL LIABILITIES AND EQUITY:188,409183,349165,733160,518152,336149,520138,208

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,6476,9056,4916,1285,7075,2554,824
Net investment income4,3644,8385,5475,0394,2673,6613,837
Cost of revenue (1,616)(393)(326)(321)(369)(302)
Provision for loan, lease, and other losses (1,616)(393)(326)
Financial services costs(321)(369)(302)
Gross profit:6,6475,2896,0985,8025,3864,8864,522
Operating expenses(1,339)(884)(831)(780)(2,484)(2,393)(2,326)
Operating income:5,3084,4055,2675,0222,9022,4932,196
Interest and debt expense(339)(771)(1,575)(1,226)(747)(508)3
Other undisclosed loss from continuing operations before equity method investments, income taxes (2,336)(1,441)(1,613)(243)(451)(936)
Income from continuing operations before equity method investments, income taxes:4,9691,2982,2512,1831,9121,5341,263
Other undisclosed loss from continuing operations before income taxes(1,992)      
Income from continuing operations before income taxes:2,9771,2982,2512,1831,9121,5341,263
Income tax expense(658)(241)(460)(462)(260)(489)(423)
Net income attributable to parent:2,3191,0571,7911,7211,6521,045840
Preferred stock dividends and other adjustments(113)(107)(73)(29)(14)(14)(7)
Net income available to common stockholders, diluted:2,2069501,7181,6921,6381,031833

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,3191,0571,7911,7211,6521,045840
Other comprehensive income (loss)93(92)(293)(276)(41)(281)(15)
Comprehensive income:2,4129651,4981,4451,611764825
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(698)443973 34  
Comprehensive income, net of tax, attributable to parent:1,7141,4082,4711,4451,645764825

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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