Capital One Financial (COF) FY2014 results: revenue $22.3 billion, down 0.4% on the year
Capital One Financial Corp. (COF) reported revenue of $22.3 billion for fiscal 2014, the year ended 31 December 2014, down 0.4% on the year before. Net income was $4.4 billion, up 7.4%, and diluted earnings per share $7.59. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$22.3 billion
-0.4% on the year
FY2007FY2014
Operating margin
n/a
FY2007FY2014
Net income
$4.4 billion
+7.4% on the year
FY2007FY2014
Diluted EPS
$7.59
+10.2% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
22,290
22,384
21,396
-0.4%
Interest expense
1,579
1,792
2,375
-11.9%
Pre-tax income
6,569
6,578
5,184
-0.1%
Income tax
2,146
2,224
1,475
-3.5%
Effective tax rate
32.7%
33.8%
28.5%
Net income
4,428
4,121
3,492
+7.4%
Net margin
19.9%
18.4%
16.3%
Diluted EPS
$7.59
$6.89
$6.11
+10.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
9,304
9,984
9,524
-6.8%
Capital expenditure
502
818
560
-38.6%
Free cash flow
8,802
9,166
8,964
-4.0%
Cash from investing
-15,991
3,721
-18,814
Cash from financing
7,638
-18,472
14,510
Depreciation and amortisation
2,002
571
468
+250.6%
Share-based compensation
205
240
199
-14.6%
Buybacks
2,045
1,033
43.0
+98.0%
Dividends paid
679
555
111
+22.3%
Dividend per share
$1.20
$0.95
$0.20
+26.3%
Diluted shares, weighted
572m
588m
566m
-2.7%
Shares outstanding at period end
553m
573m
582m
-3.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
45,053
41,632
40,499
+8.2%
Deposits
205,548
204,523
212,485
+0.5%
Repurchase agreements
880
915
1,248
-3.8%
Debt
48,457
40,654
49,910
+19.2%
Other liabilities
8,229
9,324
8,776
-11.7%
Total liabilities and equity
308,167
297,048
312,918
+3.7%
Fixed assets
3,685
3,839
3,587
-4.0%
Goodwill
13,978
13,978
13,904
0.0%
Intangible assets
1,316
1,849
2,571
-28.8%
Securities held for sale or to maturity
62,008
60,932
63,988
+1.8%
Loans
203,933
192,884
200,733
+5.7%
Resale agreements
0.0
339
1.0
Cash and equivalents
7,476
n/a
n/a
Other assets
15,771
23,227
28,134
-32.1%
Total assets
308,167
297,048
312,918
+3.7%
10-K for the year ended 31 December 2014, filed 24 February 2015: the filing.