SYNCHRONY FINANCIAL SYF Income Statement

Synchrony financial (SYF)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Sep'13	Jun'13
Interest income:
Interest and Fee Income, Loans and Leases
4,340	4,492	4,890	4,636	4,687	4,774	4,617	4,081	4,172	4,233	4,182	3,927	3,877	3,919	3,771	3,494	3,498	3,494	3,379	3,166	3,140	3,252	3,116	2,920	2,928	2,883	2,681
Interest on cash and debt securities
67	93	91	102	99	102	77	93	72	58	51	43	36	28	25	21	22	15	13	11	10	8	7	6	5	3	5
Total interest income
4,407	4,585	4,981	4,738	4,786	4,876	4,694	4,174	4,244	4,291	4,233	3,970	3,913	3,947	3,796	3,515	3,520	3,509	3,392	3,177	3,150	3,260	3,123	2,926	2,933	2,886	2,686
Interest expense:
Interest on deposits
356	383	411	397	375	350	314	273	249	233	219	202	194	188	188	179	172	165	159	146	137	139	126	109	96	94	93
Interest on senior unsecured notes
88	93	93	96	85	89	88	84	79	72	73	68	67	67	64	65	81	80	76	71	82	78	46	0	0	0	-
Interest on related party debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4	8	15	43	47	38	30
Total interest expense
517	556	592	583	560	543	488	437	402	375	357	333	326	319	315	303	311	301	289	270	275	282	244	206	190	183	178
Net interest income
3,890	4,029	4,389	4,155	4,226	4,333	4,206	3,737	3,842	3,916	3,876	3,637	3,587	3,628	3,481	3,212	3,209	3,208	3,103	2,907	2,875	2,978	2,879	2,720	2,743	2,703	2,508
Retailer share arrangements
926	1,029	1,016	859	954	855	871	653	720	779	805	669	684	811	757	664	670	734	723	621	660	698	693	590	594	680	547
Net interest income, after retailer share arrangements
-	-	-	-	-	-	-	-	3,122	-	3,071	2,968	2,903	2,817	2,724	2,548	2,539	2,474	2,380	2,286	2,215	2,280	2,186	2,130	2,149	2,023	1,961
Financing Receivable, Credit Loss, Expense (Reversal)
1,677	1,104	1,019	1,198	859	1,452	1,451	1,280	1,362	1,354	1,310	1,326	1,306	1,076	986	1,021	903	823	702	740	687	797	675	681	764	541	666
Net interest income, after retailer share arrangements and provision for credit losses
1,287	1,896	2,354	2,098	2,413	2,026	1,884	1,804	1,760	1,783	1,761	1,642	1,597	1,741	1,738	1,527	1,636	1,651	1,678	1,546	1,528	1,483	1,511	1,449	1,385	1,482	1,295
Other income:
Interchange revenue
161	192	197	194	165	193	182	177	158	179	164	165	145	167	154	151	130	147	135	123	100	120	101	92	76	82	81
Debt cancellation fees
69	64	64	69	68	70	65	66	66	69	67	68	68	68	67	63	64	62	61	61	65	67	68	70	70	74	77
Loyalty programs
158	181	203	192	167	208	196	192	155	193	168	206	137	157	145	135	110	125	122	94	78	91	84	63	43	58	58
Other
25	29	27	19	26	9	12	12	6	7	13	30	17	7	8	4	8	3	10	30	14	66	11	13	12	16	24
Total other income
97	104	85	90	92	64	63	63	75	62	76	57	93	85	84	83	92	87	84	120	101	162	96	112	115	114	124
Other expense:
Employee costs
324	385	359	358	353	353	365	351	358	330	333	318	323	306	311	301	280	285	268	250	239	227	239	207	193	173	173
Professional fees
197	199	205	231	232	231	232	177	166	159	161	158	151	164	174	154	146	165	162	156	162	139	149	145	130	120	107
Marketing and business development
111	152	139	135	123	166	131	110	121	156	124	124	94	130	92	107	94	128	115	108	82	165	115	97	83	54	53
Information processing
123	122	127	123	113	118	105	99	104	99	96	88	90	88	87	81	82	83	77	74	63	60	47	53	52	47	48
Other
247	221	234	212	222	210	221	238	239	226	244	223	250	230	195	196	198	209	221	217	200	201	178	295	152	181	182
Total other expense
1,002	1,079	1,064	1,059	1,043	1,078	1,054	975	988	970	958	911	908	918	859	839	800	870	843	805	746	792	728	797	610	575	563
Earnings before provision for income taxes
382	921	1,375	1,129	1,462	1,012	893	892	847	875	879	788	782	908	963	771	928	868	919	861	883	853	879	764	890	1,021	856
Provision for income taxes (Note 12)
96	190	319	276	355	229	222	196	207	490	324	292	283	332	359	282	346	321	345	320	331	322	331	292	332	380	320
Net Income (Loss) Attributable to Parent
286	731	1,056	853	1,107	783	671	696	640	385	555	496	499	576	604	489	582	547	574	541	552	531	548	472	558	641	536
Net Income (Loss) Available to Common Stockholders, Basic
275	-	-	-	1,107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding (in thousands)
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	705
Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	705
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.45	1.17	1.60	1.25	1.57	1.08	0.91	0.93	0.84	0.50	0.70	0.62	0.61	0.69	0.73	0.59	0.70	0.66	0.69	0.65	0.66	0.62	0.70	0.67	0.79	0.91	0.76
Earnings Per Share, Diluted
0.45	1.16	1.60	1.24	1.56	1.08	0.91	0.92	0.83	0.50	0.70	0.61	0.61	0.70	0.73	0.58	0.70	0.65	0.69	0.65	0.66	0.62	0.70	0.67	0.79	0.91	0.76
Common Stock, Dividends, Per Share, Declared
-	-	-	-	-	-	-	-	-	-	0.15	0.13	0.13	0.13	0.13	0.00	0.00	-	0.00	-	-	-	-	-	-	-	-
Variable Interest Entity, Primary Beneficiary
Interest and Fee Income, Loans and Leases
1,300	1,300	1,400	1,300	1,200	1,300	1,300	1,200	1,200	1,100	1,000	1,100	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on borrowings of consolidated securitization entities
73	80	88	90	100	104	86	80	74	70	65	63	65	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing Receivable, Credit Loss, Expense (Reversal)
536	357	184	371	188	362	261	561	316	396	303	303	298	-	-	-	-	-	-	-	-	-	-	-	-	-	-