Capital One Financial (COF) FY2013 results: revenue $22.4 billion, up 4.6% on the year
Capital One Financial Corp. (COF) reported revenue of $22.4 billion for fiscal 2013, the year ended 31 December 2013, up 4.6% on the year before. Net income was $4.1 billion, up 18.0%, and diluted earnings per share $6.89. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$22.4 billion
+4.6% on the year
FY2007FY2013
Operating margin
n/a
FY2007FY2013
Net income
$4.1 billion
+18.0% on the year
FY2007FY2013
Diluted EPS
$6.89
+12.8% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
22,384
21,396
16,279
+4.6%
Interest expense
1,792
2,375
2,246
-24.5%
Pre-tax income
6,578
5,184
4,587
+26.9%
Income tax
2,224
1,475
1,334
+50.8%
Effective tax rate
33.8%
28.5%
29.1%
Net income
4,121
3,492
3,147
+18.0%
Net margin
18.4%
16.3%
19.3%
Diluted EPS
$6.89
$6.11
$6.80
+12.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
9,984
9,524
7,455
+4.8%
Capital expenditure
818
560
315
+46.1%
Free cash flow
9,166
8,964
7,140
+2.3%
Cash from investing
3,721
-18,814
-11,174
Cash from financing
-18,472
14,510
4,308
Depreciation and amortisation
571
468
317
+22.0%
Share-based compensation
240
199
189
+20.6%
Buybacks
1,033
43.0
42.0
+2,302.3%
Dividends paid
555
111
91.0
+400.0%
Dividend per share
$0.95
$0.20
$0.20
+375.0%
Diluted shares, weighted
588m
566m
459m
+3.7%
Shares outstanding at period end
573m
582m
460m
-1.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
41,632
40,499
29,666
+2.8%
Deposits
204,523
212,485
128,226
-3.7%
Repurchase agreements
915
1,248
1,464
-26.7%
Debt
40,654
49,910
39,561
-18.5%
Other liabilities
9,324
8,776
7,102
+6.2%
Total liabilities and equity
297,048
312,918
206,019
-5.1%
Fixed assets
3,839
3,587
2,748
+7.0%
Goodwill
13,978
13,904
13,592
+0.5%
Intangible assets
1,849
2,571
610
-28.1%
Securities held for sale or to maturity
60,932
63,988
38,759
-4.8%
Loans
192,884
200,733
131,642
-3.9%
Resale agreements
339
1.0
342
+33,800.0%
Other assets
23,227
28,134
18,326
-17.4%
Total assets
297,048
312,918
206,019
-5.1%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.