Citizens Financial Group, Inc. (CFG) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8434,2553,0323,7043,0853,276
Cash and cash equivalents1,7964,0743,0323,7043,0853,276
Short-term investments47181    
Total current assets:1,8434,2553,0323,7043,0853,276
Noncurrent Assets
Operating lease, right-of-use asset712
Property, plant and equipment747791685601595595
Intangible assets, net (including goodwill)7,0446,9546,8876,8766,8766,876
Goodwill7,0446,9236,8876,8766,8766,876
Intangible assets, net (excluding goodwill) 31    
Total noncurrent assets:8,5037,7457,5727,4777,4717,471
Other undisclosed assets154,016148,518141,732138,339127,652122,110
TOTAL ASSETS:164,362160,518152,336149,520138,208132,857
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,0772,8092,6714,3593,43210,529
Total current liabilities:1,0772,8092,6714,3593,43210,529
Noncurrent Liabilities
Liabilities, other than long-term debt752     
Deferred income tax liabilities752
Total noncurrent liabilities:752     
Other undisclosed liabilities140,682136,892129,395125,414115,130103,060
Total liabilities:142,511139,701132,066129,773118,562113,589
Stockholders' equity
Stockholders' equity attributable to parent21,85120,81720,27019,74719,64619,268
Preferred stock1,133840247247247 
Common stock666666
Treasury stock, value(3,953)(3,133)(2,108)(1,263)(858)(336)
Additional paid in capital18,87618,81518,78118,72218,72518,676
Accumulated other comprehensive loss(440)(1,096)(820)(668)(387)(372)
Retained earnings6,2295,3854,1642,7031,9131,294
Total stockholders' equity:21,85120,81720,27019,74719,64619,268
TOTAL LIABILITIES AND EQUITY:164,362160,518152,336149,520138,208132,857

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6,4476,1285,7075,2554,8244,979
Net investment income5,5075,0394,2673,6613,8373,641
Cost of revenue(368)(326)(321)(369)(302)(319)
Provision for loan, lease, and other losses(368)(326)
Financial services costs(321)(369)(302)(319)
Gross profit:6,0795,8025,3864,8864,5224,660
Operating expenses(828)(780)(2,484)(2,393)(2,326)(3,478)
Other operating income, net     134
Noninterest income, other operating income     389
Other expenses     (255)
Operating income:5,2515,0222,9022,4932,1961,316
Nonoperating income     73
Investment income, nonoperating     19
Bank owned life insurance income     49
Interest and debt expense(1,587)(1,226)(747)(508)3(363)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1,397)(1,613)(243)(451)(936)242
Income from continuing operations before income taxes:2,2672,1831,9121,5341,2631,268
Income tax expense(461)(462)(260)(489)(423)(403)
Net income attributable to parent:1,8061,7211,6521,045840865
Preferred stock dividends and other adjustments(65)(29)(14)(14)(7) 
Net income available to common stockholders, diluted:1,7411,6921,6381,031833865

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,8061,7211,6521,045840865
Other comprehensive income (loss)522(276)(41)(281)(15)276
Comprehensive income:2,3281,4451,6117648251,141
Other undisclosed comprehensive income, net of tax, attributable to parent351 34   
Comprehensive income, net of tax, attributable to parent:2,6791,4451,6457648251,141

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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