Capital One 2009 Annual Report Download - page 192

179
Note 27
Capital One Financial Corporation (Parent Company Only)
Condensed Financial Information
The following Parent Company Only financial statements are provided in accordance with Regulation S-X of the Securities and
Exchange Commission which requires all issuers or guarantors of registered securities to include separate annual financial statements.
December 31
Balance Sheets 2009 2008
Assets:
Cash and cash equivalents ...................................................................................................................
.
$ 6,466,156 $ 8,546,995
Investment in subsidiaries ....................................................................................................................
.
29,553,466 25,323,057
Loans to subsidiaries ............................................................................................................................
.
500,095 1,189,173
Securities available for sale .................................................................................................................
.
6,980 6,840
Other ....................................................................................................................................................
.
751,825 983,920
Total assets .................................................................................................................................
.
$ 37,278,522 $ 36,049,985
Liabilities:
Senior and subordinated notes .............................................................................................................
.
$ 6,048,394 $ 6,385,417
Other borrowings .................................................................................................................................
.
3,640,039 1,652,948
Other ....................................................................................................................................................
.
1,000,679 1,399,187
Total liabilities ............................................................................................................................
.
10,689,112 9,437,552
Stockholders’ Equity:
Preferred stock .....................................................................................................................................
.
— 3,096,466
Common stock .....................................................................................................................................
.
5,024 4,384
Paid-in-capital, net ...............................................................................................................................
.
18,954,823 17,278,102
Retained earnings .................................................................................................................................
.
10,727,368 10,621,164
Accumulated other comprehensive income (loss) ...............................................................................
.
82,654 (1,221,796)
Less: Treasury stock, at cost .......................................................................................................
.
(3,180,459) (3,165,887)
Stockholders’ equity ...................................................................................................................
.
26,589,410 26,612,433
Total liabilities and stockholders’ equity ....................................................................................
.
$ 37,278,522 $ 36,049,985
Year Ended December 31
Statements of Income 2009 2008 2007
Interest from temporary investments ............................................................................. $ 36,796 $ 184,234 $ 300,394
Interest expense .............................................................................................................. 335,917 424,541 504,708
Dividends, principally from bank subsidiaries ............................................................... 500,000 1,546,810 2,056,639
N
on-interest income ....................................................................................................... 32,377 110,911 12,982
N
on-interest expense ...................................................................................................... 90,008 137,265 241,660
Income before income taxes and equity in undistributed earnings of subsidiaries ........ 143,248 1,280,149 1,623,647
Income tax (benefit) expense ......................................................................................... (108,335) (93,552) (245,052)
Equity in undistributed earnings (loss) of subsidiaries .................................................. 735,034 (1,289,184) 723,020
Income from continuing operations, net of tax .............................................................. 986,617 84,517 2,591,719
Loss from discontinued operations, net of tax ............................................................... (102,836) (130,515) (1,021,387)
N
et income (loss) ........................................................................................................... $ 883,781 $ (45,998) $ 1,570,332