Discover 2015 Annual Report Download - page 105
Download and view the complete annual report
Please find page 105 of the 2015 Discover annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
 |
 |
-89-
DISCOVER FINANCIAL SERVICES
Consolidated Statements of Changes in Stockholders’ Equity
Preferred Stock Common Stock Additional
Paid-in
Capital Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) Income Treasury
Stock
Total
Stockholders’
EquityShares Amount Shares Amount
(dollars in millions, shares in thousands)
Balance at December 31, 2012 ... 575 $ 560 553,351 $ 5 $ 3,598 $ 7,472 $ (72) $ (1,690) $ 9,873
Net income ................................ — — — — — 2,470 — — 2,470
Other comprehensive income ....... — — — — — — 4 — 4
Purchases of treasury stock .......... — — — — — — — (1,296) (1,296)
Common stock issued under
employee benefit plans .............. — — 66 — 3 — — — 3
Common stock issued and stock-
based compensation expense..... — — 1,933 — 86 — — — 86
Dividends — common stock
($0.60 per share)...................... — — — — — (294) — — (294)
Dividends — preferred stock
($65.00 per share).................... — — — — — (37) — — (37)
Balance at December 31, 2013 ... 575 560 555,350 5 3,687 9,611 (68) (2,986) 10,809
Net income ................................ — — — — — 2,323 — — 2,323
Other comprehensive loss ............ — — — — — — (70) — (70)
Purchases of treasury stock .......... — — — — — — — (1,564) (1,564)
Common stock issued under
employee benefit plans ................ — — 62 — 3 — — — 3
Common stock issued and stock-
based compensation expense..... — — 2,782 — 100 — — — 100
Dividends — common stock
($0.92 per share)...................... — — — — — (430) — — (430)
Dividends — preferred stock
($65.00 per share).................... — — — — — (37) — — (37)
Balance at December 31, 2014 ... 575 560 558,194 5 3,790 11,467 (138) (4,550) 11,134
Net income ................................ — — — — — 2,297 — — 2,297
Other comprehensive loss ............ — — — — — — (22) — (22)
Purchases of treasury stock .......... — — — — — — — (1,715) (1,715)
Common stock issued under
employee benefit plans .............. — — 83 — 4 — — — 4
Common stock issued and stock-
based compensation expense..... — — 2,402 — 91 — — — 91
Dividends — common stock
($1.08 per share)...................... — — — — — (477) — — (477)
Dividends — preferred stock
($65.00 per share).................... — — — — — (37) — — (37)
Balance at December 31, 2015 ... 575 $ 560 560,679 $ 5 $ 3,885 $ 13,250 $ (160) $ (6,265) $ 11,275
See Notes to the Consolidated Financial Statements.