Capital One Financial (COF) FY2019 results: revenue $28.6 billion, up 1.8% on the year
Capital One Financial Corp. (COF) reported revenue of $28.6 billion for fiscal 2019, the year ended 31 December 2019, up 1.8% on the year before. Net income was $5.5 billion, down 7.8%, and diluted earnings per share $11.05. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2020.
Revenue
$28.6 billion
+1.8% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$5.5 billion
-7.8% on the year
FY2012FY2019
Diluted EPS
$11.05
-6.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
28,593
28,076
27,237
+1.8%
Interest expense
5,173
4,301
2,762
+20.3%
Pre-tax income
6,874
7,318
5,492
-6.1%
Income tax
1,341
1,293
3,375
+3.7%
Effective tax rate
19.5%
17.7%
61.5%
Net income
5,546
6,015
1,982
-7.8%
Net margin
19.4%
21.4%
7.3%
Diluted EPS
$11.05
$11.82
$3.49
-6.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
16,639
12,978
14,182
+28.2%
Capital expenditure
887
874
1,018
+1.5%
Free cash flow
15,752
12,104
13,164
+30.1%
Cash from investing
-22,998
-15,618
-15,541
Cash from financing
6,619
1,777
3,218
+272.5%
Depreciation and amortisation
3,339
2,396
2,440
+39.4%
Share-based compensation
239
170
244
+40.6%
Buybacks
1,481
2,284
240
-35.2%
Dividends paid
753
773
780
-2.6%
Dividend per share
n/a
n/a
$1.60
Diluted shares, weighted
470m
483m
489m
-2.7%
Shares outstanding at period end
457m
468m
486m
-2.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
58,011
51,668
48,730
+12.3%
Deposits
262,697
249,764
243,702
+5.2%
Repurchase agreements
314
352
576
-10.8%
Debt
55,697
58,905
60,281
-5.4%
Other liabilities
13,646
11,849
12,404
+15.2%
Total liabilities and equity
390,365
372,538
365,693
+4.8%
Fixed assets
4,378
4,191
4,033
+4.5%
Goodwill
14,653
14,544
14,533
+0.7%
Intangible assets
174
254
421
-31.5%
Securities held for sale or to maturity
79,213
82,921
66,639
-4.5%
Loans
258,601
238,679
246,971
+8.3%
Cash and equivalents
13,749
13,489
14,352
+1.9%
Other assets
19,597
18,460
18,744
+6.2%
Total assets
390,365
372,538
365,693
+4.8%
10-K for the year ended 31 December 2019, filed 20 February 2020: the filing.