Discover 2011 Annual Report Download - page 70

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58
The following table presents segment data (dollars in thousands):
Direct Banking(1)
Interest income
Credit card
Private student loans
PCI student loans
Personal loans
Other
Total interest income
Interest expense
Net interest income
Provision for loan losses
Other income
Other expense
Income before income tax expense
Payment Services
Interest income
Interest expense
Net interest expense
Provision for loan losses
Other income
Other expense
Income before income tax expense
Total income before income tax expense
For the Year Ended November 30,
2011
$ 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
38
217
(179)
—
297,852
131,583
166,090
$ 3,511,244
2010
$ 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
19
243
(224)
—
267,585
125,980
141,381
$ 1,268,859
2009
$ 6,169,302
25,906
—
139,247
99,599
6,434,054
1,605,277
4,828,777
5,123,030
1,946,270
2,087,970
(435,953)
1,098
222
876
—
239,794
134,126
106,544
$(329,409)
(1) The 2009 Direct Banking segment information is presented on a non-GAAP as-adjusted basis. No adjustments have been made to the Payment Services segment. See
reconciliations in “ —Reconciliations of GAAP to Non-GAAP As-Adjusted Data.”
The following table presents information on transaction volume (in thousands):
Network Transaction Volume
PULSE Network
Third-Party Issuers
Diners Club (1)
Total Payment Services
Discover Network—Proprietary (2)
Total Volume
Transactions Processed on Networks
Discover Network
PULSE Network
Total
Credit Card Volume
Discover Card Volume (3)
Discover Card Sales Volume (4)
For the Year Ended November 30,
2011
$ 140,119,224
7,532,898
29,274,940
176,927,062
103,527,058
$ 280,454,120
1,721,697
3,823,930
5,545,627
$ 108,086,521
$ 100,137,826
2010
$ 118,178,821
6,802,480
27,132,901
152,114,202
95,759,835
$ 247,874,037
1,605,114
3,308,543
4,913,657
$ 98,698,861
$ 92,470,523
2009
$ 109,302,121
5,671,555
26,172,977
141,146,653
90,688,997
$ 231,835,650
1,513,955
2,878,720
4,392,675
$ 95,592,170
$ 87,460,552
(1) Diners Club volume is derived from data provided by licensees for Diners Club branded cards issued outside North America and is subject to subsequent revision or
amendment.
(2) Represents gross proprietary sales volume on the Discover Network.
(3) Represents Discover card activity related to net sales, balance transfers, cash advances and fee-based products.
(4) Represents Discover card activity related to net sales.
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