Capital One Financial (COF) FY2020 results: revenue $28.5 billion, down 0.2% on the year
Capital One Financial Corp. (COF) reported revenue of $28.5 billion for fiscal 2020, the year ended 31 December 2020, down 0.2% on the year before. Net income was $2.7 billion, down 51.1%, and diluted earnings per share $5.18. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$28.5 billion
-0.2% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$2.7 billion
-51.1% on the year
FY2013FY2020
Diluted EPS
$5.18
-53.1% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
28,523
28,593
28,076
-0.2%
Interest expense
3,120
5,173
4,301
-39.7%
Pre-tax income
3,203
6,874
7,318
-53.4%
Income tax
486
1,341
1,293
-63.8%
Effective tax rate
15.2%
19.5%
17.7%
Net income
2,714
5,546
6,015
-51.1%
Net margin
9.5%
19.4%
21.4%
Diluted EPS
$5.18
$11.05
$11.82
-53.1%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
16,699
16,639
12,978
+0.4%
Capital expenditure
710
887
874
-20.0%
Free cash flow
15,989
15,752
12,104
+1.5%
Cash from investing
-14,841
-22,998
-15,618
Cash from financing
25,164
6,619
1,777
+280.2%
Depreciation and amortisation
3,501
3,339
2,396
+4.9%
Share-based compensation
203
239
170
-15.1%
Buybacks
393
1,481
2,284
-73.5%
Dividends paid
460
753
773
-38.9%
Diluted shares, weighted
459m
470m
483m
-2.3%
Shares outstanding at period end
459m
457m
468m
+0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
60,204
58,011
51,668
+3.8%
Deposits
305,442
262,697
249,764
+16.3%
Repurchase agreements
668
314
352
+112.7%
Debt
40,539
55,697
58,905
-27.2%
Other liabilities
14,749
13,646
11,849
+8.1%
Total liabilities and equity
421,602
390,365
372,538
+8.0%
Fixed assets
4,287
4,378
4,191
-2.1%
Goodwill
14,653
14,653
14,544
0.0%
Intangible assets
90.0
174
254
-48.3%
Securities held for sale or to maturity
100,445
79,213
82,921
+26.8%
Loans
n/a
258,601
238,679
Cash and equivalents
40,771
13,749
13,489
+196.5%
Other assets
261,356
19,597
18,460
+1,233.7%
Total assets
421,602
390,365
372,538
+8.0%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.