Capital One Financial (COF) FY2015 results: revenue $23.4 billion, up 5.0% on the year
Capital One Financial Corp. (COF) reported revenue of $23.4 billion for fiscal 2015, the year ended 31 December 2015, up 5.0% on the year before. Net income was $4.0 billion, down 8.5%, and diluted earnings per share $7.07. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$23.4 billion
+5.0% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$4.0 billion
-8.5% on the year
FY2008FY2015
Diluted EPS
$7.07
-6.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
23,413
22,290
22,384
+5.0%
Interest expense
1,625
1,579
1,792
+2.9%
Pre-tax income
5,881
6,569
6,578
-10.5%
Income tax
1,869
2,146
2,224
-12.9%
Effective tax rate
31.8%
32.7%
33.8%
Net income
4,050
4,428
4,121
-8.5%
Net margin
17.3%
19.9%
18.4%
Diluted EPS
$7.07
$7.59
$6.89
-6.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
10,127
9,304
9,984
+8.8%
Capital expenditure
532
502
818
+6.0%
Free cash flow
9,595
8,802
9,166
+9.0%
Cash from investing
-29,726
-15,991
3,721
Cash from financing
21,163
7,638
-18,472
+177.1%
Depreciation and amortisation
2,100
2,002
571
+4.9%
Share-based compensation
161
205
240
-21.5%
Buybacks
2,441
2,045
1,033
+19.4%
Dividends paid
816
679
555
+20.2%
Dividend per share
$1.50
$1.20
$0.95
+25.0%
Diluted shares, weighted
548m
572m
588m
-4.2%
Shares outstanding at period end
527m
553m
573m
-4.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
47,284
45,053
41,632
+5.0%
Deposits
217,721
205,548
204,523
+5.9%
Repurchase agreements
981
880
915
+11.5%
Debt
59,115
48,457
40,654
+22.0%
Other liabilities
8,947
8,229
9,324
+8.7%
Total liabilities and equity
334,048
308,167
297,048
+8.4%
Fixed assets
3,584
3,685
3,839
-2.7%
Goodwill
14,480
13,978
13,978
+3.6%
Intangible assets
1,041
1,316
1,849
-20.9%
Securities held for sale or to maturity
24,619
62,008
60,932
-60.3%
Loans
224,721
203,933
192,884
+10.2%
Resale agreements
39.0
0.0
339
Cash and equivalents
9,040
7,476
n/a
+20.9%
Other assets
56,524
15,771
23,227
+258.4%
Total assets
334,048
308,167
297,048
+8.4%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.