Capital One Financial (COF) FY2017 results: revenue $27.2 billion, up 6.8% on the year
Capital One Financial Corp. (COF) reported revenue of $27.2 billion for fiscal 2017, the year ended 31 December 2017, up 6.8% on the year before. Net income was $2.0 billion, down 47.2%, and diluted earnings per share $3.49. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$27.2 billion
+6.8% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$2.0 billion
-47.2% on the year
FY2010FY2017
Diluted EPS
$3.49
-49.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
27,237
25,501
23,413
+6.8%
Interest expense
2,762
2,018
1,625
+36.9%
Pre-tax income
5,492
5,484
5,881
+0.1%
Income tax
3,375
1,714
1,869
+96.9%
Effective tax rate
61.5%
31.3%
31.8%
Net income
1,982
3,751
4,050
-47.2%
Net margin
7.3%
14.7%
17.3%
Diluted EPS
$3.49
$6.89
$7.07
-49.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
14,182
11,856
10,127
+19.6%
Capital expenditure
1,018
779
532
+30.7%
Free cash flow
13,164
11,077
9,595
+18.8%
Cash from investing
-15,541
-25,630
-29,726
Cash from financing
3,218
17,227
21,163
-81.3%
Depreciation and amortisation
2,440
2,428
2,100
+0.5%
Share-based compensation
244
239
161
+2.1%
Buybacks
240
3,661
2,441
-93.4%
Dividends paid
780
812
816
-3.9%
Dividend per share
$1.60
$1.60
$1.50
0.0%
Diluted shares, weighted
489m
510m
548m
-4.2%
Shares outstanding at period end
486m
480m
527m
+1.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
48,730
47,514
47,284
+2.6%
Deposits
243,702
236,768
217,721
+2.9%
Repurchase agreements
576
992
981
-41.9%
Debt
60,281
60,460
59,115
-0.3%
Other liabilities
12,404
11,299
8,947
+9.8%
Total liabilities and equity
365,693
357,033
334,048
+2.4%
Fixed assets
4,033
3,675
3,584
+9.7%
Goodwill
14,533
14,519
14,480
+0.1%
Intangible assets
421
665
1,041
-36.7%
Securities held for sale or to maturity
66,639
25,712
24,619
+159.2%
Loans
246,971
239,083
224,721
+3.3%
Resale agreements
n/a
n/a
39.0
Cash and equivalents
14,352
12,493
9,040
+14.9%
Other assets
18,744
60,886
56,524
-69.2%
Total assets
365,693
357,033
334,048
+2.4%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.