Discover 2011 Annual Report Download - page 165

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153
Discover Financial Services
(Parent Company Only)
Condensed Statements of Income
Interest income
Interest expense
Net interest income
Dividends from subsidiaries
Antitrust litigation settlement
Other income
Total income
Other expense
Employee compensation and benefits
Marketing and business development
Information processing and communications
Professional fees
Premises and equipment
Other
Total other expense (benefit)
Income before income tax benefit (expense) and equity in
undistributed net income of subsidiaries
Income tax benefit (expense)
Equity in undistributed net income of subsidiaries
Net income
For the Years Ended November 30,
2011
(dollars in thousands)
$ 23,154
60,730
(37,576)
1,375,000
—
2,150
1,339,574
1,989
15
34
(355)
192
2,057
3,932
1,335,642
16,131
874,935
$ 2,226,708
2010
$ 28,948
69,598
(40,650)
132,500
—
27,605
119,455
23,879
251
511
8,932
3,095
(37,089)
(421)
119,876
9,070
635,842
$ 764,788
2009
$ 53,696
49,324
4,372
—
1,153,936
(497)
1,157,811
30,121
134
125
8,025
3,051
29,309
70,765
1,087,046
(420,641)
609,780
$ 1,276,185
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