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GuruFocus has detected 4 Warning Signs with US Bancorp $USB.
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US Bancorp (NYSE:USB)
Net Income (Continuing Operations)
$5,944 Mil (TTM As of Dec. 2016)

Net Income (Continuing Operations) indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. US Bancorp's net income (continuing operations) for the three months ended in Dec. 2016 was $1,491 Mil. Its net income (continuing operations) for the trailing twelve months (TTM) ended in Dec. 2016 was $5,944 Mil.


Definition

It indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period.

US Bancorp Net Income (Continuing Operations) for the trailing twelve months (TTM) ended in Dec. 2016 was 1401 (Mar. 2016 ) + 1536 (Jun. 2016 ) + 1516 (Sep. 2016 ) + 1491 (Dec. 2016 ) = $5,944 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Net Income (Continuing Operations) excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

US Bancorp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Income (Continuing Operations) 4,3243,0122,2373,2654,7885,4905,7325,9085,9335,944

US Bancorp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Income (Continuing Operations) 1,5011,4441,4971,5031,4891,4011,5361,5161,4911,486
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