Synchrony Financial (SYF) Financial Statements (2024 and earlier)

Company Profile

Business Address 777 LONG RIDGE ROAD
STAMFORD, CT 06902-1250
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 6199 - Finance Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,2948,33711,52412,1479,39611,612
Cash and cash equivalents10,2948,33711,52412,1479,39611,602
Short-term investments      10
Total current assets:10,2948,33711,52412,1479,39611,612
Noncurrent Assets
Intangible assets, net (including goodwill)2,3922,2732,2032,3432,1611,740
Goodwill1,1051,1051,0781,0781,024991
Intangible assets, net (excluding goodwill)1,2871,1681,1251,2651,137749
Amortization method qualified affordable housing project investments557441    
Total noncurrent assets:2,9492,7142,2032,3432,1611,740
Other undisclosed assets91,32184,69782,22190,33695,23582,456
TOTAL ASSETS:104,56495,74895,948104,826106,79295,808
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities91,69182,09383,24789,73892,11481,574
Total liabilities:91,69182,09383,24789,73892,11481,574
Equity
Equity, attributable to parent, including:12,87313,65512,70115,08814,67814,234
Preferred stock734734734734  
Common stock111111
Treasury stock, value(14,171)(10,925)(8,174)(7,243)(3,729)(1,957)
Additional paid in capital9,7189,6699,5709,5379,4829,445
Accumulated other comprehensive income (loss)(125)(69)3(25)(57)(36)
Retained earnings16,71614,24510,62112,1178,9866,809
Other undisclosed equity, attributable to parent   (54)(33)(5)(28)
Total equity:12,87313,65512,70115,08814,67814,234
TOTAL LIABILITIES AND EQUITY:104,56495,74895,948104,826106,79295,808

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues
(Net Investment Income)
17,14615,27116,06719,09017,98816,407
Cost of revenue(3,375)(726)(5,310)(4,180)(5,545)(5,296)
Provision for loan, lease, and other losses(3,375)(726)(5,310)(4,180)(5,545)
Financial services costs(5,296)
Gross profit:13,77114,54510,75714,91012,44311,111
Operating expenses(1,455)(1,332)(1,251)(1,352)(1,232)(2,316)
Other operating income, net
(Noninterest Income, Other Operating Income)
2683091241013967
Operating income:12,58413,5229,63013,65911,2508,862
Interest and debt expense(1,521)(1,032)(1,665)(2,291)(1,870)(1,391)
Income from continuing operations before equity method investments, income taxes:11,06312,4907,96511,3689,3807,471
Other undisclosed loss from continuing operations before income taxes(7,101)(6,987)(6,168)(6,481)(5,736)(4,147)
Income from continuing operations before income taxes:3,9625,5031,7974,8873,6443,324
Income tax expense(946)(1,282)(412)(1,140)(854)(1,389)
Income from continuing operations:3,0164,2211,3853,7472,7901,935
Income before gain (loss) on sale of properties:4,2211,3853,7472,7901,935
Net income attributable to parent:3,0164,2211,3853,7472,7901,935
Preferred stock dividends and other adjustments(42)(42)(42)   
Net income available to common stockholders, diluted:2,9744,1791,3433,7472,7901,935

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:3,0164,2211,3853,7472,7901,935
Comprehensive income:3,0164,2211,3853,7472,7901,935
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(56)(18)7172(11)
Comprehensive income, net of tax, attributable to parent:2,9604,2031,3923,7642,7921,924

Statements Sources

The financial statements are based on the Company's filings with 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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