Capital One Financial (COF) FY2016 results: revenue $25.5 billion, up 8.9% on the year
Capital One Financial Corp. (COF) reported revenue of $25.5 billion for fiscal 2016, the year ended 31 December 2016, up 8.9% on the year before. Net income was $3.8 billion, down 7.4%, and diluted earnings per share $6.89. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$25.5 billion
+8.9% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$3.8 billion
-7.4% on the year
FY2009FY2016
Diluted EPS
$6.89
-2.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
25,501
23,413
22,290
+8.9%
Interest expense
2,018
1,625
1,579
+24.2%
Pre-tax income
5,484
5,881
6,569
-6.8%
Income tax
1,714
1,869
2,146
-8.3%
Effective tax rate
31.3%
31.8%
32.7%
Net income
3,751
4,050
4,428
-7.4%
Net margin
14.7%
17.3%
19.9%
Diluted EPS
$6.89
$7.07
$7.59
-2.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
11,856
10,127
9,304
+17.1%
Capital expenditure
779
532
502
+46.4%
Free cash flow
11,077
9,595
8,802
+15.4%
Cash from investing
-25,630
-29,726
-15,991
Cash from financing
17,227
21,163
7,638
-18.6%
Depreciation and amortisation
2,428
2,100
2,002
+15.6%
Share-based compensation
239
161
205
+48.4%
Buybacks
3,661
2,441
2,045
+50.0%
Dividends paid
812
816
679
-0.5%
Dividend per share
$1.60
$1.50
$1.20
+6.7%
Diluted shares, weighted
510m
548m
572m
-7.0%
Shares outstanding at period end
480m
527m
553m
-8.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
47,514
47,284
45,053
+0.5%
Deposits
236,768
217,721
205,548
+8.7%
Repurchase agreements
992
981
880
+1.1%
Debt
60,460
59,115
48,457
+2.3%
Other liabilities
11,299
8,947
8,229
+26.3%
Total liabilities and equity
357,033
334,048
308,167
+6.9%
Fixed assets
3,675
3,584
3,685
+2.5%
Goodwill
14,519
14,480
13,978
+0.3%
Intangible assets
665
1,041
1,316
-36.1%
Securities held for sale or to maturity
25,712
24,619
62,008
+4.4%
Loans
239,083
224,721
203,933
+6.4%
Resale agreements
n/a
39.0
0.0
Cash and equivalents
12,493
9,040
7,476
+38.2%
Other assets
60,886
56,524
15,771
+7.7%
Total assets
357,033
334,048
308,167
+6.9%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.