Discover 2011 Annual Report Download - page 99

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87
DISCOVER FINANCIAL SERVICES
Consolidated Statements of Income
Interest income:
Credit card loans
Other loans
Investment securities
Other interest income
Total interest income
Interest expense:
Deposits
Short-term borrowings
Long-term borrowings
Total interest expense
Net interest income
Provision for loan losses
Net interest income after provision for loan losses
Other income:
Securitization income
Discount and interchange revenue, net
Fee product revenue
Loan fee income
Transaction processing revenue
Merchant fees
Gain (loss) on investments
Antitrust litigation settlement
Other income
Total other income
Other expense:
Employee compensation and benefits
Marketing and business development
Information processing and communications
Professional fees
Premises and equipment
Other expense
Total other expense
Income before income tax expense
Income tax expense
Net income
Net income allocated to common stockholders
Basic earnings per share
Diluted earnings per share
Dividends paid per share
For the Year Ended November 30,
2011
(dollars in thousands, except per share amounts)
$ 5,654,088
618,806
59,365
12,880
6,345,139
986,776
133
497,643
1,484,552
4,860,587
1,013,350
3,847,237
—
1,083,847
428,193
338,147
179,989
16,184
(3,622)
—
162,436
2,205,174
914,344
537,486
263,741
415,275
71,128
339,193
2,541,167
3,511,244
1,284,536
$ 2,226,708
$ 2,201,759
$ 4.06
$ 4.06
$ 0.20
2010
$ 5,836,002
253,821
26,222
30,173
6,146,218
1,150,504
1
432,483
1,582,988
4,563,230
3,206,705
1,356,525
—
1,055,359
412,497
339,797
149,946
28,461
19,131
—
89,808
2,094,999
802,649
463,086
258,111
342,648
70,274
245,897
2,182,665
1,268,859
504,071
$ 764,788
$ 667,938
$ 1.23
$ 1.22
$ 0.08
2009
$ 2,835,767
168,517
68,694
72,102
3,145,080
1,187,084
2,538
61,662
1,251,284
1,893,796
2,362,405
(468,609)
1,879,304
222,835
295,066
247,267
125,201
44,248
(3,826)
1,891,698
138,802
4,840,595
827,683
406,020
289,209
321,329
73,014
333,833
2,251,088
2,120,898
844,713
$ 1,276,185
$ 1,206,965
$ 2.39
$ 2.38
$ 0.12
See Notes to the Consolidated Financial Statements.
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