U.S. Bancorp (USB) Financial Statements
Price: $47.94
Market Cap: $74.81B
Avg Volume: 7.91M
Market Cap: $74.81B
Avg Volume: 7.91M
Country: US
Industry: Banks - Regional
Sector: Financial Services
Industry: Banks - Regional
Sector: Financial Services
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 |