$USB
US BANCORP \DE\

2023 Q2 Form 10-Q Financial Statement

#000119312523137980 Filed on May 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $7.526B $6.964B $3.418B
YoY Change 96.76% 103.74%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $522.0M $503.0M $421.0M
YoY Change 49.14% 19.48%
% of Gross Profit
Depreciation & Amortization $255.0M $257.0M $132.0M
YoY Change 104.0% 94.7% 8.2%
% of Gross Profit
Operating Expenses $522.0M $503.0M $421.0M
YoY Change 49.14% 19.48%
Operating Profit
YoY Change
Interest Expense $3.111B $2.330B $245.0M
YoY Change 697.69% 851.02%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.751B $2.159B $1.955B
YoY Change -10.11% 10.43% -32.4%
Income Tax $382.0M $455.0M $397.0M
% Of Pretax Income 21.82% 21.07% 20.31%
Net Earnings $1.281B $1.592B $1.557B
YoY Change -16.33% 2.25% -31.71%
Net Earnings / Revenue 17.02% 22.86% 45.55%
Basic Earnings Per Share $0.84 $1.04 $0.99
Diluted Earnings Per Share $0.84 $1.04 $1.048M
COMMON SHARES
Basic Shares Outstanding 1.533B 1.531B 1.485B
Diluted Shares Outstanding 1.533B 1.532B 1.486B

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $70.64B $66.23B $44.30B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $3.695B $3.735B $3.207B
YoY Change 16.3% 16.46% -5.34%
Goodwill $12.49B $12.56B
YoY Change 22.93%
Intangibles $6.634B $6.883B
YoY Change 47.85%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $680.8B $682.4B $586.5B
YoY Change 15.12% 16.34% 5.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $32.33B $56.88B $21.04B
YoY Change 29.53% 170.29% 73.93%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.33B $56.88B $21.04B
YoY Change 29.53% 170.29% 73.93%
LONG-TERM LIABILITIES
Long-Term Debt $45.28B $42.05B $32.93B
YoY Change 53.98% 27.68% -11.99%
Other Long-Term Liabilities $28.12B $24.66B $19.33B
YoY Change 34.96% 27.59% 8.66%
Total Long-Term Liabilities $73.41B $66.71B $52.26B
YoY Change 46.09% 27.65% -5.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.33B $56.88B $21.04B
Total Long-Term Liabilities $73.41B $66.71B $52.26B
Total Liabilities $627.8B $629.4B $535.3B
YoY Change 15.76% 17.57% 6.7%
SHAREHOLDERS EQUITY
Retained Earnings $73.36B $72.81B
YoY Change 3.65%
Common Stock $8.763B $8.720B
YoY Change 2.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $53.02B $52.99B $51.20B
YoY Change
Total Liabilities & Shareholders Equity $680.8B $682.4B $586.5B
YoY Change 15.12% 16.34% 5.99%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $1.281B $1.592B $1.557B
YoY Change -16.33% 2.25% -31.71%
Depreciation, Depletion And Amortization $255.0M $257.0M $132.0M
YoY Change 104.0% 94.7% 8.2%
Cash From Operating Activities $3.316B $842.0M $8.477B
YoY Change 47.44% -90.07% 804.7%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $6.546B $2.912B -$7.364B
YoY Change -153.87% -139.54% -62.17%
Cash From Investing Activities $6.546B $4.943B -$7.364B
YoY Change -153.87% -167.12% -62.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$702.0M
YoY Change
Debt Paid & Issued, Net $1.594B $1.118B
YoY Change 42.58%
Cash From Financing Activities -5.448B 6.901B 14.29B
YoY Change -215.33% -51.69% -2697.27%
NET CHANGE
Cash From Operating Activities 3.316B 842.0M 8.477B
Cash From Investing Activities 6.546B 4.943B -7.364B
Cash From Financing Activities -5.448B 6.901B 14.29B
Net Change In Cash 4.414B 12.69B 15.40B
YoY Change -185.23% -17.61% -180.71%
FREE CASH FLOW
Cash From Operating Activities $3.316B $842.0M $8.477B
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q1 usb Unfunded Commitments Deferred Non Yield Related Loan Fees And Standby Letters Of Credit Carrying Value
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CY2022Q4 usb Unfunded Commitments Deferred Non Yield Related Loan Fees And Standby Letters Of Credit Carrying Value
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CY2023Q1 usb Other Guarantees Carrying Value Excluding Standby Letters Of Credit
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CY2022Q4 usb Other Guarantees Carrying Value Excluding Standby Letters Of Credit
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CY2023Q1 usb Lease Revenue
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