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SNV Financial Statements and Analysis

NYSE : SNV

Synovus Financial Corp.

$56.02
-0.23-0.41%
Open: 12:51 PM
53
B-ESG ScoreESG Rating

SNV FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

SNV Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue556.02M672.449M900.177M443.21M477.726M
cost of revenue87.869M79.121M80.988M082.095M
gross profit468.151M593.328M819.189M443.21M395.631M
gross profit ratio0.8420.8820.911.000.828
research and development expenses00000
general and administrative expenses192.196M185.90M212.34M11.147M10.147M
selling and marketing expenses0247.605M255.587M246.575M246.97M
selling general and administrative expenses192.196M185.90M212.34M257.722M257.117M
other expenses363.824M-57.374M-65.127M-126.769M-79.354M
operating expenses556.02M57.374M65.127M352.858M353.532M
cost and expenses556.02M695.165M737.64M352.858M353.532M
interest income810.507M801.242M782.71M788.297M786.039M
interest expense369.767M366.244M363.864M31.753M342.88M
depreciation and amortization19.152M22.17M23.668M-8.928M21.70M
ebitda248.677M00144.125M693.797M
ebitda ratio0.447-0.00-0.0380.3251.452
operating income228.815M-16.223M186.356M153.053M183.778M
operating income ratio0.412-0.0240.2070.3450.385
total other income expenses net-1.219M-38.541M-533.078M-62.701M-59.584M
income before tax227.596M-22.058M161.013M90.352M124.194M
income before tax ratio0.409-0.0330.1790.2040.26
income tax expense46.912M-7.378M36.943M20.779M27.729M
net income181.555M-14.028M124.507M70.341M97.095M
net income ratio0.327-0.0210.1380.1590.203
eps1.19-0.0960.780.410.60
eps diluted1.18-0.0960.780.410.60
weighted average shs out143.144M145.565M146.43M146.372M146.17M
weighted average shs out dil143.979M145.565M147.122M146.877M146.74M
Graph

SNV Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents1.808B2.264B2.38B2.414B2.101B
short term investments7.554B7.044B9.695B9.733B9.237B
cash and short term investments9.362B2.25B2.424B10.371B11.339B
net receivables000499.333M0
inventory000-1.119B0
other current assets1.90B002.451B2.138B
total current assets11.261B4.59B4.868B12.203B11.339B
property plant equipment net380.267M375.455M375.315M365.851M364.054M
goodwill480.44M480.44M480.44M480.44M479.851M
intangible assets37.207M40.114M43.021M45.928M49.096M
goodwill and intangible assets517.647M520.554M523.461M526.368M528.947M
long term investments10.177B3.071B3.186B-9.608B9.237B
tax assets052.329B52.511B510.442M0
other non current assets0-1.28B-1.629B9.098B-10.13B
total non current assets11.075B55.016B54.967B892.219M10.13B
other assets37.254B0046.715B37.874B
total assets59.59B59.606B59.835B59.81B59.343B
account payables00000
short term debt02.536M252.469M3.496M2.362M
tax payables00000
deferred revenue00000
other current liabilities29.076B-2.536M-252.469M0-2.362M
total current liabilities29.076B28.644B29.088B3.496M2.362M
long term debt2.021B2.284B2.032B1.933B2.705B
deferred revenue non current00000
deferred tax liabilities non current00000
other non current liabilities23.114B52.243B52.509B52.729B-2.705B
total non current liabilities25.136B25.886B25.706B54.662B2.705B
other liabilities000052.074B
capital lease obligations00000
total liabilities54.211B54.53B54.793B54.665B54.781B
preferred stock537.145M537.145M537.145M537.145M537.145M
common stock172.077M171.936M171.873M171.36M170.86M
retained earnings2.611B2.495B2.574B2.517B2.512B
accumulated other comprehensive income loss-773.786M-1.05B-1.248B-1.117B-1.679B
other total stockholders equity2.81B2.90B2.983B3.011B2.996B
total stockholders equity5.356B5.054B5.018B5.12B4.537B
total equity5.378B5.077B5.042B5.144B4.562B
total liabilities and stockholders equity59.59B59.606B59.835B59.81B59.343B
minority interest22.195M23.066M23.718M24.155M24.61M
total investments17.731B3.071B3.186B124.624M18.474B
total debt2.021B2.381B2.412B2.125B2.707B
net debt213.409M117.242M32.67M-288.999M605.608M
Graph

SNV Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax6.058M6.512M2.446M-5.99M3.633M
stock based compensation8.442M7.707M7.914M7.373M7.90M
change in working capital114.223M-10.115M-104.108M33.186M16.148M
accounts receivables00000
inventory00000
accounts payables00000
other working capital114.223M-10.115M-104.108M00
other non cash items-59.353M319.01M100.56M116.036M156.465M
net cash provided by operating activities256.926M279.209M99.737M250.85M302.311M
investments in property plant and equipment28.536M-10.046M-18.49M-11.65M-7.854M
acquisitions net-66.10M66.10M0294.245M350.00K
purchases of investments-378.879M-1.618B-258.482M-1.44B-269.918M
sales maturities of investments2.818B1.545B196.02M1.443B264.509M
other investing activites-2.642B1.564M-28.77M6.803M1.039B
net cash used for investing activites-240.277M169.43M-154.005M291.702M1.026B
debt repayment-382.666M-33.693M-288.143M-691.567M-1.317B
common stock issued0000740.00K
common stock repurchased-100.891M-91.74M-30.015M0-740.00K
dividends paid-64.519M-65.352M-65.418M-65.304M-65.159M
other financing activites61.312M589.00K-9.091M528.114M137.31M
net cash used provided by financing activities-457.645M-577.531M26.342M-228.757M-1.244B
effect of forex changes on cash000-2.451B359.679M
net change in cash-440.996M-128.892M-27.926M313.795M83.48M
cash at end of period1.854B2.295B2.424B2.451B2.138B
cash at beginning of period2.295B2.424B2.451B2.138B2.054B
operating cashflow256.926M279.209M99.737M250.85M302.311M
capital expenditure28.536M-10.046M-18.49M-11.65M-7.854M
free cash flow285.462M269.163M81.247M239.20M294.457M
Graph

Frequently Asked Questions

How did Synovus Financial Corp. do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, SNV generated $556.02M in revenue last quarter, while its costs came in at $87.87M.

Last quarter, how much Gross Profit did Synovus Financial Corp. report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Synovus Financial Corp. reported a $468.15M Gross Profit for the quarter ended Sep 30, 2024.

Have SNV's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. SNV incurred $556.02M worth of Operating Expenses, while it generated $228.82M worth of Operating Income.

How much Net Income has SNV posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Synovus Financial Corp., the company generated $181.56M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did Synovus Financial Corp. have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Synovus Financial Corp. as of the end of the last quarter was $1.81B.

What are SNV's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, SNV had Total Net Receivables of $0.00.

In terms of Total Assets and Current Assets, where did Synovus Financial Corp. stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of SNV were $11.26B, while the Total Assets stand at $59.59B.

As of the last quarter, how much Total Debt did Synovus Financial Corp. have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of SNV's debt was $2.02B at the end of the last quarter.

What were SNV's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, SNV reported total liabilities of $54.21B.

How much did SNV's Working Capital change over the last quarter?

Working Capital Change for SNV was $114.22M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

SNV generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. SNV generated $256.93M of Cash from Operating Activities during its recently reported quarter.

What was SNV's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. SNV reported a -$441.00M Net Change in Cash in the most recent quarter.

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