Capital One Financial Corporation (COF) Financial Statements (2024 and earlier)

Company Profile

Business Address 1680 CAPITAL ONE DRIVE
MCLEAN, VA 22102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30,85621,74640,50913,40713,18614,040
Cash and cash equivalents30,85621,74640,50913,40713,18614,040
Financing receivable, excluding accrued interest, after allowance for credit loss302,305 
Total current assets:333,16121,74640,50913,40713,18614,040
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 22336996
Operating lease, right-of-use asset 1,1281,1371,3161,433
Property, plant and equipment4,3514,2104,2874,3784,1914,033
Intangible assets, net (including goodwill)14,93614,89314,74314,82714,79814,954
Goodwill14,77714,78214,65314,65314,54414,533
Intangible assets, net (excluding goodwill)15911190174254421
Amortization method qualified affordable housing project investments4,9004,7004,5004,4004,2003,900
Total noncurrent assets:25,33724,97324,91525,13423,18922,887
Other undisclosed assets96,751385,662356,178351,824336,163328,766
TOTAL ASSETS:455,249432,381421,602390,365372,538365,693
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt8838206687,3149,402576
Total current liabilities:8838206687,3149,402576
Noncurrent Liabilities
Long-term debt and lease obligation, including:47,83242,26639,87148,38349,50359,705
Other undisclosed long-term debt and lease obligation47,83242,26639,87148,38349,50359,705
Liabilities, other than long-term debt1,8001,7001,5001,5001,5001,400
Qualified affordable housing project investments, commitment1,8001,7001,5001,5001,5001,400
Total noncurrent liabilities:49,63243,96641,37149,88351,00361,105
Other undisclosed liabilities352,152326,566319,359275,157260,465255,282
Total liabilities:402,667371,352361,398332,354320,870316,963
Equity
Equity, attributable to parent52,58261,02960,20458,01151,66848,730
Common stock777777
Treasury stock, value(29,418)(24,470)(16,865)(16,472)(14,991)(12,707)
Additional paid in capital34,72534,11233,48032,98032,04031,656
Accumulated other comprehensive income (loss)(9,916)3743,4941,156(1,263)(926)
Retained earnings57,18451,00640,08840,34035,87530,700
Total equity:52,58261,02960,20458,01151,66848,730
TOTAL LIABILITIES AND EQUITY:455,249432,381421,602390,365372,538365,693

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues34,25030,43528,52328,59328,07627,237
Net investment income29,35324,32324,15626,10224,96523,511
Cost of revenue(5,847) (10,264)(6,236)(5,856)(7,551)
Provision for loan, lease, and other losses(5,847) (10,264)(6,236)(5,856)
Financial services costs(7,551)
Gross profit:28,40330,43518,25922,35722,22019,686
Operating expenses(9,253)(7,576)(6,255)(6,899)(6,697)(11,782)
Operating income:19,15022,85912,00415,45815,5237,904
Interest and debt expense(4,123)(1,598)(3,120)(5,173)(4,301)(2,762)
Income from continuing operations before equity method investments, income taxes:15,02721,2618,88410,28511,2225,142
Other undisclosed income (loss) from continuing operations before income taxes(5,787)(5,452)(5,681)(3,411)(3,904)350
Income from continuing operations before income taxes:9,24015,8093,2036,8747,3185,492
Income tax expense(1,880)(3,415)(486)(1,341)(1,293)(3,375)
Income from continuing operations:7,36012,3942,7175,5336,0252,117
Income before gain (loss) on sale of properties:12,3942,7175,5336,0252,117
Net income:7,36012,3942,7175,5336,0252,117
Other undisclosed net income (loss) attributable to parent  (4)(3)13(10)(135)
Net income attributable to parent:7,36012,3902,7145,5466,0151,982
Preferred stock dividends and other adjustments(228)(274)(280)(282)(265)(265)
Other undisclosed net loss available to common stockholders, basic(88)(151)(59)(72)(40)(13)
Net income available to common stockholders, diluted:7,04411,9652,3755,1925,7101,704

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:7,36012,3942,7175,5336,0252,117
Other comprehensive income (loss) 24(4)(4)(18)  
Other undisclosed comprehensive income      
Comprehensive income:7,38412,3902,7135,5156,0252,117
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(10,314)(3,120)2,3471,562(146)(112)
Comprehensive income (loss), net of tax, attributable to parent:(2,930)9,2705,0607,0775,8792,005

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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