Discover 2011 Annual Report Download - page 162
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150
The following tables present segment data on a GAAP basis for the years ended November 30, 2011, 2010 and on a managed
basis with a reconciliation to a GAAP presentation for the year ended November 30, 2009 (dollars in thousands):
For the Year Ended
November 30, 2011
Interest income
Credit card
Private student loans
PCI student loans
Personal loans
Other
Total interest income
Interest expense
Net interest income (expense)
Provision for loan losses
Other income
Other expense
Income before income tax expense
November 30, 2010
Interest income
Credit card
Private student loans
Personal loans
Other
Total interest income
Interest expense
Net interest income (expense)
Provision for loan losses
Other income
Other expense
Income (loss) before income tax expense
Direct
Banking
$ 5,654,088
115,307
225,096
266,081
84,529
6,345,101
1,484,335
4,860,766
1,013,350
1,907,322
2,409,584
$ 3,345,154
$ 5,836,002
47,518
181,652
81,027
6,146,199
1,582,745
4,563,454
3,206,705
1,827,414
2,056,685
$ 1,127,478
Payment
Services
$—
—
—
—
38
38
217
(179)
—
297,852
131,583
$ 166,090
$—
—
—
19
19
243
(224)
—
267,585
125,980
$ 141,381
Total
$ 5,654,088
115,307
225,096
266,081
84,567
6,345,139
1,484,552
4,860,587
1,013,350
2,205,174
2,541,167
$ 3,511,244
$ 5,836,002
47,518
181,652
81,046
6,146,218
1,582,988
4,563,230
3,206,705
2,094,999
2,182,665
$ 1,268,859
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