Capital One Financial (COF) FY2018 results: revenue $28.1 billion, up 3.1% on the year
Capital One Financial Corp. (COF) reported revenue of $28.1 billion for fiscal 2018, the year ended 31 December 2018, up 3.1% on the year before. Net income was $6.0 billion, up 203.5%, and diluted earnings per share $11.82. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$28.1 billion
+3.1% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$6.0 billion
+203.5% on the year
FY2011FY2018
Diluted EPS
$11.82
+238.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
28,076
27,237
25,501
+3.1%
Interest expense
4,301
2,762
2,018
+55.7%
Pre-tax income
7,318
5,492
5,484
+33.2%
Income tax
1,293
3,375
1,714
-61.7%
Effective tax rate
17.7%
61.5%
31.3%
Net income
6,015
1,982
3,751
+203.5%
Net margin
21.4%
7.3%
14.7%
Diluted EPS
$11.82
$3.49
$6.89
+238.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
12,978
14,182
11,856
-8.5%
Capital expenditure
874
1,018
779
-14.1%
Free cash flow
12,104
13,164
11,077
-8.1%
Cash from investing
-15,618
-15,541
-25,630
Cash from financing
1,777
3,218
17,227
-44.8%
Depreciation and amortisation
2,396
2,440
2,428
-1.8%
Share-based compensation
170
244
239
-30.3%
Buybacks
2,284
240
3,661
+851.7%
Dividends paid
773
780
812
-0.9%
Dividend per share
n/a
$1.60
$1.60
Diluted shares, weighted
483m
489m
510m
-1.1%
Shares outstanding at period end
468m
486m
480m
-3.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
51,668
48,730
47,514
+6.0%
Deposits
249,764
243,702
236,768
+2.5%
Repurchase agreements
352
576
992
-38.9%
Debt
58,905
60,281
60,460
-2.3%
Other liabilities
11,849
12,404
11,299
-4.5%
Total liabilities and equity
372,538
365,693
357,033
+1.9%
Fixed assets
4,191
4,033
3,675
+3.9%
Goodwill
14,544
14,533
14,519
+0.1%
Intangible assets
254
421
665
-39.7%
Securities held for sale or to maturity
82,921
66,639
25,712
+24.4%
Loans
238,679
246,971
239,083
-3.4%
Cash and equivalents
13,489
14,352
12,493
-6.0%
Other assets
18,460
18,744
60,886
-1.5%
Total assets
372,538
365,693
357,033
+1.9%
10-K for the year ended 31 December 2018, filed 20 February 2019: the filing.