U.S. Bancorp (USB)

U.S. Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	25,156	25,738	22,207	23,894	19,420	21,379
Revenue Growth (YoY)	7.21%	15.90%	-7.06%	23.04%	-9.16%	1.12%
Gross Profit	25,156	25,738	22,207	23,894	19,420	21,379
Selling, General & Admin	15,031	15,017	12,964	12,362	11,360	10,999
Other Operating Expenses	3,746	3,856	1,942	1,366	2,009	1,786
Operating Expenses	18,777	18,873	14,906	13,728	13,369	12,785
Operating Income	6,379	6,865	7,301	10,166	6,051	8,594
Other Expense / Income	30	29	13	22	26	32
Pretax Income	6,349	6,836	7,288	10,144	6,025	8,562
Income Tax	1,299	1,407	1,463	2,181	1,066	1,648
Net Income	5,050	5,429	5,825	7,963	4,959	6,914
Preferred Dividends	382	378	324	358	338	331
Net Income Common	4,668	5,051	5,501	7,605	4,621	6,583
Net Income Growth	-17.04%	-8.18%	-27.67%	64.57%	-29.80%	-2.96%
Shares Outstanding (Basic)	1,559	1,543	1,489	1,489	1,509	1,581
Shares Outstanding (Diluted)	1,559	1,543	1,490	1,490	1,510	1,583
Shares Change	1.76%	3.56%	-	-1.32%	-4.61%	-3.36%
EPS (Basic)	3.01	3.27	3.69	5.11	3.06	4.16
EPS (Diluted)	3.01	3.27	3.69	5.10	3.06	4.16
EPS Growth	-19.73%	-11.38%	-27.65%	66.67%	-26.44%	0.48%
Free Cash Flow	10,266	8,447	21,119	9,870	3,716	4,889
Free Cash Flow Per Share	6.58	5.47	14.18	6.63	2.46	3.09
Dividend Per Share	1.940	1.930	1.880	1.760	1.680	1.580
Dividend Growth	2.11%	2.66%	6.82%	4.76%	6.33%	17.91%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	25.36%	26.67%	32.88%	42.55%	31.16%	40.20%
Profit Margin	18.56%	19.62%	24.77%	31.83%	23.80%	30.79%
Free Cash Flow Margin	40.81%	32.82%	95.10%	41.31%	19.13%	22.87%
Effective Tax Rate	20.46%	20.58%	20.07%	21.50%	17.69%	19.25%
EBITDA	7,346	7,854	7,848	10,641	6,552	9,064
EBITDA Margin	29.20%	30.52%	35.34%	44.53%	33.74%	42.40%
Depreciation & Amortization	997	1,018	560	497	527	502
EBIT	6,349	6,836	7,288	10,144	6,025	8,562
EBIT Margin	25.24%	26.56%	32.82%	42.45%	31.02%	40.05%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).