Capital One 2014 Annual Report Download - page 284
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NOTE 21—CAPITAL ONE FINANCIAL CORPORATION (PARENT COMPANY ONLY) (1)
Financial Information
The following Parent Company Only financial statements are provided in accordance with Regulation S-X of the
SEC.
Table 21.1: Parent Company Statements of Income
Year Ended December 31,
(Dollars in millions) 2014 2013 2012
Interest from temporary investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 114 $ 94 $ 47
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 204 250 574
Dividends, principally from bank subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,449 5,950 0
Non-interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 33 697
Non-interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 196 173
Income before income taxes and equity in undistributed earnings of subsidiaries . . . 3,327 5,631 (3)
Income tax (benefit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 (66) (168)
Equity in undistributed earnings of subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,107 (1,343) 3,544
Income from continuing operations, net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,423 4,354 3,709
Income (loss) from discontinued operations, net of tax . . . . . . . . . . . . . . . . . . . . . . 5(233) (217)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,428 4,121 3,492
Dividends and undistributed earnings allocated to participating securities . . . . . . . (18) (17) (15)
Preferred stock dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (67) (53) (15)
Net income available to common stockholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,343 $4,051 $ 3,462
262
CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Capital One Financial Corporation (COF)