Capital One Financial (COF) FY2022 results: revenue $34.2 billion, up 12.5% on the year
Capital One Financial Corp. (COF) reported revenue of $34.2 billion for fiscal 2022, the year ended 31 December 2022, up 12.5% on the year before. Net income was $7.4 billion, down 40.6%, and diluted earnings per share $17.91. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$34.2 billion
+12.5% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$7.4 billion
-40.6% on the year
FY2015FY2022
Diluted EPS
$17.91
-33.5% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
13,809
12,310
16,699
+12.2%
Capital expenditure
934
698
710
+33.8%
Free cash flow
12,875
11,612
15,989
+10.9%
Cash from investing
-29,738
-31,501
-14,841
Cash from financing
25,131
474
25,164
+5,201.9%
Depreciation and amortisation
3,210
3,481
3,501
-7.8%
Share-based compensation
314
331
203
-5.1%
Buybacks
4,948
7,605
393
-34.9%
Dividends paid
950
1,148
460
-17.2%
Diluted shares, weighted
393m
444m
459m
-11.5%
Shares outstanding at period end
381m
414m
459m
-7.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
52,582
61,029
60,204
-13.8%
Deposits
332,992
310,980
305,442
+7.1%
Repurchase agreements
883
820
668
+7.7%
Debt
48,715
43,086
40,539
+13.1%
Other liabilities
20,077
16,466
14,749
+21.9%
Total liabilities and equity
455,249
432,381
421,602
+5.3%
Fixed assets
4,351
4,210
4,287
+3.3%
Goodwill
14,777
14,782
14,653
-0.0%
Intangible assets
159
111
90.0
+43.2%
Securities held for sale or to maturity
76,919
95,261
100,445
-19.3%
Cash and equivalents
31,256
22,054
40,771
+41.7%
Other assets
327,787
295,963
261,356
+10.8%
Total assets
455,249
432,381
421,602
+5.3%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.