Capital One Financial (COF) FY2012 results: revenue $21.4 billion, up 31.4% on the year
Capital One Financial Corp. (COF) reported revenue of $21.4 billion for fiscal 2012, the year ended 31 December 2012, up 31.4% on the year before. Net income was $3.5 billion, up 11.0%, and diluted earnings per share $6.11. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$21.4 billion
+31.4% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$3.5 billion
+11.0% on the year
FY2007FY2012
Diluted EPS
$6.11
-10.1% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
21,396
16,279
16,171
+31.4%
Interest expense
2,375
2,246
2,896
+5.7%
Pre-tax income
5,184
4,587
4,330
+13.0%
Income tax
1,475
1,334
1,280
+10.6%
Effective tax rate
28.5%
29.1%
29.6%
Net income
3,492
3,147
2,743
+11.0%
Net margin
16.3%
19.3%
17.0%
Diluted EPS
$6.11
$6.80
$6.01
-10.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
9,524
7,455
8,142
+27.8%
Capital expenditure
560
315
340
+77.8%
Free cash flow
8,964
7,140
7,802
+25.5%
Cash from investing
-18,814
-11,174
4,463
Cash from financing
14,510
4,308
-16,041
+236.8%
Depreciation and amortisation
468
317
327
+47.6%
Share-based compensation
199
189
149
+5.3%
Buybacks
43.0
42.0
22.0
+2.4%
Dividends paid
111
91.0
91.0
+22.0%
Dividend per share
$0.20
$0.20
$0.20
0.0%
Diluted shares, weighted
566m
459m
456m
+23.4%
Shares outstanding at period end
582m
460m
n/a
+26.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
40,499
29,666
26,541
+36.5%
Deposits
212,485
128,226
122,210
+65.7%
Repurchase agreements
1,248
1,464
1,517
-14.8%
Short-term borrowings
n/a
n/a
1,524
Debt
49,910
39,561
40,272
+26.2%
Other liabilities
8,776
7,102
5,439
+23.6%
Total liabilities and equity
312,918
206,019
197,503
+51.9%
Fixed assets
3,587
2,748
2,749
+30.5%
Goodwill
13,904
13,592
13,591
+2.3%
Intangible assets
2,571
610
733
+321.5%
Securities held for sale or to maturity
63,988
38,759
41,537
+65.1%
Loans
200,733
131,642
120,319
+52.5%
Resale agreements
1.0
342
406
-99.7%
Other assets
28,134
18,326
18,168
+53.5%
Total assets
312,918
206,019
197,503
+51.9%
10-K for the year ended 31 December 2012, filed 27 February 2014: the filing.