Synchrony Financial (SYF) financial statements (2022 and earlier)

Company profile

Business Address 777 LONG RIDGE ROAD
STAMFORD, CT 06902-1250
State of Incorp. NY
Fiscal Year End December 31
SIC 6199 - Finance Services (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 investments8,33711,52412,1479,39611,6129,36112,325
Cash and cash equivalents8,33711,52412,1479,39611,6029,32112,325
Short-term investments    1040 
Total current assets:8,33711,52412,1479,39611,6129,36112,325
Noncurrent Assets
Intangible assets, net (including goodwill)2,2732,2032,3432,1611,7401,6611,650
Goodwill1,1051,0781,0781,024991949949
Intangible assets, net (excluding goodwill)1,1681,1251,2651,137749712701
Amortization method qualified affordable housing project investments441      
Total noncurrent assets:2,7142,2032,3432,1611,7401,6611,650
Other undisclosed assets84,69782,22190,33695,23582,45679,18570,160
TOTAL ASSETS:95,74895,948104,826106,79295,80890,20784,135
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities82,09383,24789,73892,11481,57476,01171,531
Total liabilities:82,09383,24789,73892,11481,57476,01171,531
Stockholders' equity
Stockholders' equity attributable to parent, including:13,65512,70115,08814,67814,23414,19612,604
Preferred stock734734734    
Common stock1111111
Treasury stock, value(10,925)(8,174)(7,243)(3,729)(1,957)(475) 
Additional paid in capital9,6699,5709,5379,4829,4459,3939,351
Accumulated other comprehensive income (loss)(69)3(25)(57)(36)(38)(29)
Retained earnings14,24510,62112,1178,9866,8095,3303,293
Other undisclosed stockholders' equity attributable to parent (54)(33)(5)(28)(15)(12)
Total stockholders' equity:13,65512,70115,08814,67814,23414,19612,604
TOTAL LIABILITIES AND EQUITY:95,74895,948104,826106,79295,80890,20784,135

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
Revenues
(Net Investment Income)
15,27116,06719,09017,98816,40714,77813,228
Cost of revenue(726)(5,310)(4,180)(5,545)(5,296)(3,986)(2,952)
Provision for loan, lease, and other losses(726)(5,310)(4,180)(5,545)
Financial services costs(5,296)(3,986)(2,952)
Gross profit:14,54510,75714,91012,44311,11110,79210,276
Operating expenses(1,332)(1,251)(1,352)(1,232)(2,316)(2,183)(1,984)
Other operating income, net
(Noninterest Income, Other Operating Income)
30912410139672757
Operating income:13,5229,63013,65911,2508,8628,6368,349
Interest and debt expense(1,032)(1,665)(2,291)(1,870)(1,391)(1,248)(1,135)
Income from continuing operations before equity method investments, income taxes:12,4907,96511,3689,3807,4717,3887,214
Other undisclosed loss from continuing operations before income taxes(6,987)(6,168)(6,481)(5,736)(4,147)(3,818)(3,683)
Income from continuing operations before income taxes:5,5031,7974,8873,6443,3243,5703,531
Income tax expense(1,282)(412)(1,140)(854)(1,389)(1,319)(1,317)
Net income attributable to parent:4,2211,3853,7472,7901,9352,2512,214
Preferred stock dividends and other adjustments(42)(42)     
Net income available to common stockholders, diluted:4,1791,3433,7472,7901,9352,2512,214

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:4,2211,3853,7472,7901,9352,2512,214
Comprehensive income:4,2211,3853,7472,7901,9352,2512,214
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(18)7172(11)(12)(31)
Comprehensive income, net of tax, attributable to parent:4,2031,3923,7642,7921,9242,2392,183

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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