U.S. Bancorp (USB) Financial Statements

Price: $47.94
Market Cap: $74.81B
Avg Volume: 7.91M
Country: US
Industry: Banks - Regional
Sector: Financial Services
Beta: 1.051
52W Range: $30.47-50.47
Website: U.S. Bancorp

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of U.S. Bancorp.


Income Statement

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Revenue $28.01B $24.18B $22.72B $23.23B $22.88B $22.52B $21.85B $21.11B $20.09B $19.94B
Cost of Revenue $- $- $- $- $- $340.00M $- $- $- $-
Gross Profit $28.01B $24.18B $22.72B $23.23B $22.88B $22.18B $21.85B $21.11B $20.09B $19.94B
Gross Profit Ratio 100.00% 100.00% 100.00% 100.00% 100.00% 98.49% 100.00% 100.00% 100.00% 100.00%
Research and Development Expenses $- $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $10.42B $9.16B $8.73B $7.94B $7.61B $7.39B $6.93B $6.33B $5.98B $5.56B
Selling and Marketing Expenses $726.00M $456.00M $366.00M $318.00M $426.00M $429.00M $542.00M $435.00M $361.00M $382.00M
Selling General and Administrative Expenses $11.14B $9.61B $9.09B $8.26B $8.04B $7.82B $7.47B $6.77B $6.34B $5.95B
Other Expenses $-32.32B $-23.29B $-21.67B $-25.46B $-22.36B $-18.10B $-19.41B $-17.89B $-16.75B $-16.19B
Operating Expenses $-21.18B $-13.68B $-12.58B $-17.20B $-14.32B $-10.28B $-11.93B $-11.13B $-10.41B $-10.25B
Cost and Expenses $-21.18B $-13.68B $-12.58B $-17.20B $-14.32B $-10.28B $-11.93B $-11.13B $-10.41B $-10.25B
Interest Income $30.01B $17.95B $13.49B $14.84B $17.49B $16.17B $14.38B $13.17B $12.40B $12.23B
Interest Expense $12.61B $3.22B $993.00M $2.02B $4.44B $3.25B $2.14B $1.64B $1.40B $1.45B
Depreciation and Amortization $1.02B $560.00M $497.00M $527.00M $502.00M $467.00M $468.00M $470.00M $174.00M $199.00M
EBITDA $7.85B $10.72B $10.30B $6.20B $8.73B $12.37B $10.09B $10.16B $9.86B $9.89B
EBITDA Ratio 28.04% 44.33% 45.35% 26.70% 38.15% 54.93% 46.19% 48.13% 49.06% 49.61%
Operating Income $6.84B $10.51B $10.14B $6.03B $8.56B $11.90B $9.92B $9.98B $9.68B $9.69B
Operating Income Ratio 24.40% 43.44% 44.65% 25.94% 37.42% 52.86% 45.39% 47.28% 48.20% 48.61%
Total Other Income Expenses Net $29.00M $-3.20B $22.00M $26.00M $32.00M $-3.23B $-2.40B $-1.87B $-1.65B $-1.70B
Income Before Tax $6.87B $7.30B $10.17B $6.05B $8.59B $8.68B $7.52B $8.11B $8.03B $8.00B
Income Before Tax Ratio 24.51% 30.19% 44.74% 26.05% 37.56% 38.53% 34.40% 38.40% 39.96% 40.10%
Income Tax Expense $1.41B $1.46B $2.18B $1.07B $1.65B $1.55B $1.26B $2.16B $2.10B $2.09B
Net Income $5.43B $5.83B $7.96B $4.96B $6.91B $7.10B $6.22B $5.89B $5.88B $5.85B
Net Income Ratio 19.38% 24.09% 35.05% 21.35% 30.21% 31.51% 28.46% 27.90% 29.26% 29.34%
EPS $3.27 $3.69 $5.11 $3.06 $4.16 $4.34 $3.53 $3.25 $3.18 $3.10
EPS Diluted $3.27 $3.69 $5.10 $3.06 $4.16 $4.33 $3.51 $3.24 $3.16 $3.08
Weighted Average Shares Outstanding 1.54B 1.49B 1.49B 1.51B 1.58B 1.63B 1.68B 1.72B 1.76B 1.80B
Weighted Average Shares Outstanding Diluted 1.54B 1.49B 1.49B 1.51B 1.58B 1.64B 1.68B 1.72B 1.77B 1.81B
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Cash and Cash Equivalents $61.19B $53.54B $28.91B $62.58B $22.41B $21.45B $19.50B $15.71B $11.15B $10.65B
Short Term Investments $69.44B $72.91B $132.96B $136.84B $122.61B $66.11B $68.14B $66.28B $62.00B $56.07B
Cash and Short Term Investments $130.63B $126.45B $161.87B $199.42B $145.02B $85.51B $87.64B $81.99B $73.14B $66.72B
Net Receivables $8.34B $10.08B $12.37B $13.71B $14.19B $14.14B $13.59B $11.77B $10.52B $11.25B
Inventory $-61.19B $-54.27B $-30.12B $-63.86B $-23.43B $- $-19.91B $-16.23B $- $-
Other Current Assets $61.19B $54.27B $30.12B $63.86B $23.43B $242.40B $19.91B $16.23B $- $-
Total Current Assets $138.97B $136.53B $174.24B $213.13B $159.20B $342.05B $101.23B $93.76B $83.66B $77.97B
Property Plant Equipment Net $3.62B $3.86B $3.31B $3.47B $3.70B $2.46B $2.43B $2.44B $2.51B $2.62B
Goodwill $12.49B $12.37B $10.26B $9.92B $9.65B $9.37B $9.43B $9.34B $9.36B $9.39B
Intangible Assets $6.08B $7.16B $3.74B $2.86B $3.22B $3.39B $3.23B $3.30B $3.35B $3.16B
Goodwill and Intangible Assets $18.57B $19.53B $14.00B $12.78B $12.88B $12.76B $12.66B $12.65B $12.71B $12.55B
Long Term Investments $153.41B $161.65B $174.82B $136.84B $122.61B $112.17B $112.50B $109.28B $105.59B $101.04B
Tax Assets $- $- $- $- $- $- $- $- $- $-
Other Non-Current Assets $-175.61B $-185.04B $-192.13B $-153.09B $-139.19B $-2.06B $-127.59B $-124.36B $-120.81B $-116.21B
Total Non-Current Assets $175.61B $185.04B $192.13B $153.09B $139.19B $125.33B $127.59B $124.36B $120.81B $116.21B
Other Assets $348.91B $353.24B $206.92B $187.69B $197.03B $- $233.21B $227.84B $217.38B $208.34B
Total Assets $663.49B $674.80B $573.28B $553.90B $495.43B $467.37B $462.04B $445.96B $421.85B $402.53B
Account Payables $- $- $- $- $- $- $- $- $- $-
Short Term Debt $11.46B $31.22B $11.80B $11.77B $23.72B $14.14B $16.65B $13.96B $27.88B $29.89B
Tax Payables $- $- $- $- $- $- $- $- $- $-
Deferred Revenue $- $- $- $- $- $- $- $- $- $-
Other Current Liabilities $-11.46B $-31.22B $-11.80B $-11.77B $-23.72B $-3.04B $-16.65B $-13.96B $-27.88B $-29.89B
Total Current Liabilities $11.46B $31.22B $11.80B $11.77B $23.72B $11.10B $16.65B $13.96B $27.88B $29.89B
Long Term Debt $51.48B $39.83B $32.12B $41.30B $40.17B $41.34B $32.26B $33.32B $32.08B $32.26B
Deferred Revenue Non-Current $- $- $- $- $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $- $- $- $- $- $-
Other Non-Current Liabilities $-51.48B $-8.61B $-32.12B $-41.30B $-40.17B $- $-32.26B $-33.32B $-32.08B $-32.26B
Total Non-Current Liabilities $51.48B $31.22B $32.12B $41.30B $40.17B $41.34B $32.26B $33.32B $32.08B $32.26B
Other Liabilities $544.78B $561.14B $473.98B $447.12B $379.05B $363.28B $363.46B $350.75B $315.08B $296.21B
Total Liabilities $607.72B $623.57B $517.90B $500.18B $442.94B $415.72B $412.37B $398.03B $375.04B $358.36B
Preferred Stock $6.81B $6.81B $6.37B $5.98B $5.98B $5.98B $5.42B $5.50B $5.50B $4.76B
Common Stock $21.00M $21.00M $21.00M $21.00M $21.00M $21.00M $21.00M $21.00M $21.00M $21.00M
Retained Earnings $74.03B $71.90B $69.20B $64.19B $63.19B $59.06B $54.14B $50.15B $46.38B $42.53B
Accumulated Other Comprehensive Income Loss $-10.10B $-11.41B $-1.94B $322.00M $-1.37B $-2.32B $-1.40B $-1.53B $-1.02B $-896.00M
Other Total Stockholders Equity $-15.45B $-16.56B $-18.73B $-17.42B $-15.96B $-11.72B $-9.14B $-6.84B $-4.75B $-2.93B
Total Stockholders Equity $55.31B $50.77B $54.92B $53.09B $51.85B $51.03B $49.04B $47.30B $46.13B $43.48B
Total Equity $55.77B $51.23B $55.39B $53.73B $52.48B $51.66B $49.67B $47.93B $46.82B $44.17B
Total Liabilities and Stockholders Equity $663.49B $674.80B $573.28B $553.90B $495.43B $467.37B $462.04B $445.96B $421.85B $402.53B
Minority Interest $465.00M $466.00M $469.00M $630.00M $630.00M $628.00M $626.00M $635.00M $686.00M $689.00M
Total Liabilities and Total Equity $663.49B $674.80B $573.28B $553.90B $495.43B $467.37B $462.04B $445.96B $421.85B $402.53B
Total Investments $222.85B $234.56B $307.78B $273.68B $245.23B $174.17B $180.64B $175.56B $167.58B $157.11B
Total Debt $62.94B $71.05B $43.92B $53.06B $63.89B $55.48B $48.91B $47.29B $59.95B $62.15B
Net Debt $1.74B $17.50B $15.02B $-9.52B $41.48B $34.03B $29.41B $31.58B $48.81B $51.50B

Cash Flow Statement

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Net Income $5.43B $5.83B $7.96B $4.96B $6.91B $7.10B $6.22B $5.89B $5.88B $5.85B
Depreciation and Amortization $1.02B $560.00M $497.00M $527.00M $502.00M $467.00M $468.00M $470.00M $481.00M $501.00M
Deferred Income Tax $- $-6.99B $-2.63B $869.00M $-636.00M $- $- $- $- $-
Stock Based Compensation $224.00M $202.00M $207.00M $189.00M $178.00M $174.00M $163.00M $150.00M $125.00M $125.00M
Change in Working Capital $-151.00M $6.79B $2.43B $-1.06B $458.00M $1.01B $-2.05B $487.00M $- $-
Accounts Receivables $- $- $- $- $- $- $- $- $- $-
Inventory $- $- $- $- $- $- $- $- $- $-
Accounts Payables $- $- $- $- $- $- $- $- $- $-
Other Working Capital $-151.00M $- $- $- $- $- $- $- $- $-
Other Non Cash Items $2.15B $14.73B $1.41B $-1.77B $-2.53B $3.00B $-214.00M $-1.02B $2.42B $-1.02B
Net Cash Provided by Operating Activities $8.45B $21.12B $9.87B $3.72B $4.89B $10.56B $6.47B $5.34B $8.78B $5.33B
Investments in Property Plant and Equipment $6.03B $- $661.00M $556.00M $- $- $- $- $- $-13.57B
Acquisitions Net $-330.00M $12.26B $-661.00M $-556.00M $- $- $- $-40.00M $- $3.44B
Purchases of Investments $-9.27B $-31.68B $-100.13B $-68.66B $-40.52B $-19.87B $-27.57B $-38.85B $-29.74B $-37.35B
Sales Maturities of Investments $23.69B $57.08B $58.37B $56.23B $31.84B $19.43B $24.43B $34.23B $24.65B $17.17B
Other Investing Activities $-1.18B $-30.15B $-15.72B $-3.01B $-12.89B $-8.54B $-8.99B $-13.34B $-16.07B $506.00M
Net Cash Used for Investing Activities $18.93B $7.50B $-57.49B $-15.44B $-21.56B $-8.98B $-12.13B $-17.96B $-21.15B $-29.81B
Debt Repayment $-4.08B $-6.93B $-8.81B $-14.48B $-11.12B $-2.93B $-10.52B $-9.49B $-5.31B $-4.13B
Common Stock Issued $951.00M $21.00M $2.26B $15.00M $88.00M $86.00M $159.00M $355.00M $295.00M $453.00M
Common Stock Repurchased $-62.00M $-1.17B $-1.55B $-1.67B $-4.53B $-2.82B $-3.72B $-2.56B $-2.19B $-2.20B
Dividends Paid $-3.31B $-3.08B $-2.89B $-2.85B $-2.75B $-2.37B $-2.21B $-2.08B $-2.02B $-1.97B
Other Financing Activities $-13.22B $7.17B $27.19B $70.88B $35.92B $8.39B $25.74B $30.95B $22.09B $34.50B
Net Cash Used Provided by Financing Activities $-19.72B $-3.98B $13.94B $51.90B $17.62B $361.00M $9.45B $17.18B $12.86B $26.66B
Effect of Forex Changes on Cash $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $7.65B $24.64B $-33.67B $40.17B $952.00M $1.95B $3.80B $4.56B $493.00M $2.18B
Cash at End of Period $61.19B $53.54B $28.91B $62.58B $22.41B $21.45B $19.50B $15.71B $11.15B $10.65B
Cash at Beginning of Period $53.54B $28.91B $62.58B $22.41B $21.45B $19.50B $15.71B $11.15B $10.65B $8.48B
Operating Cash Flow $8.45B $21.12B $9.87B $3.72B $4.89B $10.56B $6.47B $5.34B $8.78B $5.33B
Capital Expenditure $6.03B $- $661.00M $556.00M $- $- $- $- $- $-13.57B
Free Cash Flow $14.47B $21.12B $10.53B $4.27B $4.89B $10.56B $6.47B $5.34B $8.78B $-8.24B