Capital One 2008 Annual Report Download - page 45

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27
The remaining information required by Item 5 is included under the following:
Item 1 BusinessOverview Page 3
Item 1 BusinessSupervision and RegulationDividends and Transfers of Funds Page 12
Item 7 Managements Discussion and Analysis of Financial Condition and Results of OperationsMarket Ris
k
Management Pages 68-70
Item 7 Managements Discussion and Analysis of Financial Condition and Results of OperationsCapital
Adequacy Pages 70-72
Item 7 Managements Discussion and Analysis of Financial Condition and Results of OperationsDividen
d
Policy Page 72
Item 8 Financial Statements and Supplementary DataNotes to the Consolidated Financial Statements Pages 85-151
Item 8 Financial Statements and Supplementary DataSelected Quarterly Financial Data Page 155-156
Item 6. Selected Financial Data
(Dollars in millions, Except Per Share Data)
2008
2007 (1)
2006(1)(5)
2005(1)(4)
2004 (1)
Five Year
Compound
Growth Rate
Income Statement Data:
Interest income..............................................
.
$ 11,112.0 $ 11,078.1 $ 8,164.7 $ 5,726.9 $ 4,794.4 18.31%
Interest expense.............................................
.
3,963.3 4,548.3 3,073.3 2,046.6 1,791.4 17.21%
Net interest income .......................................
.
7,148.7 6,529.8 5,091.4 3,680.3 3,003.0 18.94%
Provision for loan and lease losses ...............
.
5,101.0 2,636.5 1,476.4 1,491.1 1,220.9 33.11%
Net interest income after provision for loan
and lease losses ........................................
.
2,047.7 3,893.3 3,615.0 2,189.2 1,782.1 2.82%
Non-interest income......................................
.
6,744.0 8,054.2 7,001.0 6,358.1 5,900.2 2.71%
Restructuring expense...................................
.
134.5 138.2 N/A
Goodwill impairment charge ........................
.
810.9 N/A
Other non-interest expense ...........................
.
7,264.7 7,939.8 6,943.6 5,718.3 5,322.2 6.42%
Income before income taxes and cumulative
effect of accounting change......................
.
581.6 3,869.5 3,672.4 2,829.0 2,360.1 (24.43)%
Income taxes .................................................
.
497.1 1,277.8 1,246.0 1,019.9 816.6 (9.45)%
Income from continuing operations, net of
tax.............................................................
.
$ 84.5 $ 2,591.7 $ 2,426.4 $ 1,809.1 $ 1,543.5 (44.07)%
Loss from discontinued operations, net of
tax(6) ..........................................................
.
(130.5) (1,021.4) (11.9) N/A
Net income (loss)..........................................
.
$ (46.0) $ 1,570.3 $ 2,414.5 $ 1,809.1 $ 1,543.5 (149.53)%
Net income (loss) available to common
shareholders .............................................
.
(78.7) 1,570.3 2,414.5 1,809.1 1,543.5 (155.14)%
Dividend payout ratio ...................................
.
722.06% 2.68% 1.34% 1.52% 1.66% 236.91%
Per Common Share:
Basic earnings per common share:
Income from continuing operations, net of
tax.............................................................
.
$ 0.14 $ 6.64 $ 7.84 $ 6.98 $ 6.55 (53.66)%
Loss from discontinued operations, net of
tax(6) ..........................................................
.
(0.35) (2.62) (0.04) N/A
Net income (loss) per common share............
.
$ (0.21) $ 4.02 $ 7.80 $ 6.98 $ 6.55 (150.26)%
Diluted earnings per common share:
Income from continuing operations, net of
tax.............................................................
.
$ 0.14 $ 6.55 $ 7.65 $ 6.73 $ 6.21 (150.80)%