U.S. Bancorp (USB) financial statements (2021 and earlier)

Company profile

Business Address U.S. BANCORP
MINNEAPOLIS, MN 55402-7020
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments62,58022,40521,45319,50515,70511,14710,654
Cash and cash equivalents62,58022,40521,45319,50515,70511,14710,654
Disposal group, including discontinued operation      4,792
Total current assets:62,58022,40521,45319,50515,70511,14715,446
Noncurrent Assets
Property, plant and equipment3,4683,7022,4572,4322,4432,5132,618
Intangible assets, net (including goodwill)12,78212,87812,76112,66212,64712,71112,551
Goodwill9,9189,6559,3699,4349,3449,3619,389
Intangible assets, net (excluding goodwill)2,8643,2233,3923,2283,3033,3503,162
Total noncurrent assets:16,25016,58015,21815,09415,09015,22415,169
Other undisclosed assets475,075456,441430,703427,441415,169395,482371,914
TOTAL ASSETS:553,905495,426467,374462,040445,964421,853402,529
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt11,76623,72314,13916,65113,96327,87729,893
Securities loaned21850227111223 47
Total current liabilities:11,98423,77314,36616,76214,18627,87729,940
Noncurrent Liabilities
Liabilities, other than long-term debt   19191919
Estimated litigation liability   19191919
Total noncurrent liabilities:   19191919
Other undisclosed liabilities488,196419,170401,351395,593383,826347,140328,402
Total liabilities:500,180442,943415,717412,374398,031375,036358,361
Stockholders' equity
Stockholders' equity attributable to parent, including:53,09551,85351,02949,04047,29846,13143,479
Common stock21212121212121
Treasury stock, value(25,930)(24,440)(20,188)(17,602)(15,280)(13,125)(11,245)
Additional paid in capital8,5118,4758,4698,4648,4408,3768,313
Accumulated other comprehensive income (loss)322(1,373)(2,322)(1,404)(1,535)(1,019)(896)
Retained earnings64,18863,18659,06554,14250,15146,37742,530
Other undisclosed stockholders' equity attributable to parent5,9835,9845,9845,4195,5015,5014,756
Stockholders' equity attributable to noncontrolling interest630630628626635686689
Total stockholders' equity:53,72552,48351,65749,66647,93346,81744,168
TOTAL LIABILITIES AND EQUITY:553,905495,426467,374462,040445,964421,853402,529

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1777322,63722,05721,30820,30620,161
Gain on disposition of assets for financial service operations17773 
Net investment income  16,17314,38513,16712,40212,228
Financial services revenue6,0245,8295,5533,975
Cost of revenue(3,806)(1,504)(1,379)(1,390)(1,324)(1,132)(1,229)
Provision for loan, lease, and other losses(3,806)(1,504)(1,379)
Financial services costs(1,390)(1,324)(1,132)(1,229)
Gross profit:(3,629)(1,431)21,25820,66719,98419,17418,932
Operating expenses  (10,755)(3,455)(9,701)(9,112)(9,490)
Other operating income, net
(Noninterest Income, Other Operating Income)
748     1,040
Operating income (loss):(2,881)(1,431)10,50317,21210,28310,06210,482
Nonoperating income
(Investment Income, Nonoperating)
      11
Interest and debt expense(2,015)(4,442)(3,254)(2,144)(1,639)(1,401)(1,453)
Income (loss) from continuing operations before equity method investments, income taxes:(4,896)(5,873)7,24915,0688,6448,6619,040
Other undisclosed income (loss) from continuing operations before income taxes10,94714,4671,429(7,551)(539)(631)(1,045)
Income from continuing operations before income taxes:6,0518,5948,6787,5178,1058,0307,995
Income tax expense(1,066)(1,648)(1,554)(1,264)(2,161)(2,097)(2,087)
Net income:4,9856,9467,1246,2535,9445,9335,908
Net loss attributable to noncontrolling interest(26)(32)(28)(35)(56)(54)(57)
Net income attributable to parent:4,9596,9147,0966,2185,8885,8795,851
Undistributed earnings (loss) allocated to participating securities, basic(21)(29)(30)(28)
Other undisclosed net loss available to common stockholders, basic(317)(302)(282)(277)(299)(271)(268)
Net income available to common stockholders, diluted:4,6216,5836,7845,9135,5895,6085,583

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:4,9856,9467,1246,2535,9445,9335,908
Other comprehensive income (loss)1,695949(618)131(516)(123)175
Comprehensive income:6,6807,8956,5066,3845,4285,8106,083
Comprehensive loss, net of tax, attributable to noncontrolling interest(26)(32)(28)(35)(56)(54)(57)
Comprehensive income, net of tax, attributable to parent:6,6547,8636,4786,3495,3725,7566,026

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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