Discover 2015 Annual Report Download - page 63
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-47-
Discover Financial Services
Selected Financial Data
For the Calendar Years Ended
December 31,
For the Fiscal Years
Ended
November 30, For the One
Month Ended
December 31,
20122015 2014 2013 2012 2011
(dollars in millions, except per share amounts)
Statement of Income Data:
Interest income ............................................................ $ 7,945 $ 7,596 $ 7,064 $6,703 $6,345 $ 595
Interest expense ........................................................... 1,263 1,134 1,146 1,331 1,485 103
Net interest income .................................................. 6,682 6,462 5,918 5,372 4,860 492
Other income .............................................................. 2,057 2,015 2,306 2,281 2,205 200
Revenue net of interest expense ................................. 8,739 8,477 8,224 7,653 7,065 692
Provision for loan losses ............................................... 1,512 1,443 1,086 848 1,013 178
Other expense ............................................................. 3,615 3,340 3,194 3,052 2,541 240
Income before income tax expense ............................ 3,612 3,694 3,944 3,753 3,511 274
Income tax expense ..................................................... 1,315 1,371 1,474 1,408 1,284 104
Net income ............................................................. $ 2,297 $ 2,323 $ 2,470 $2,345 $2,227 $ 170
Net income allocated to common stockholders ............ $ 2,246 $ 2,270 $ 2,414 $2,318 $2,202 $ 168
Statement of Financial Condition Data (as of):
Loan receivables .......................................................... $ 72,385 $ 69,969 $ 65,771 $ 61,017 $ 57,670 $ 62,598
Total assets ................................................................. $ 86,936 $ 83,126 $ 79,340 $ 75,283 $ 69,117 $ 73,491
Total stockholders' equity .............................................. $ 11,275 $ 11,134 $ 10,809 $ 9,778 $8,242 $9,873
Allowance for loan losses ............................................. $ 1,869 $ 1,746 $ 1,648 $1,725 $2,205 $1,788
Long-term borrowings .................................................. $ 24,724 $ 22,544 $ 20,474 $ 19,729 $ 18,287 $ 17,666
Per Share of Common Stock:
Basic EPS from continuing operations............................. $ 5.14 $ 4.91 $ 4.97 $ 4.47 $ 4.06 $0.34
Diluted EPS from continuing operations .......................... $ 5.13 $ 4.90 $ 4.96 $ 4.46 $ 4.06 $0.34
Weighted-average shares outstanding (000's) ................ 436,855 462,115 485,492 518,428 541,813 497,881
Weighted-average shares outstanding (fully diluted)
(000's) ....................................................................... 437,498 463,412 486,861 519,620 542,626 498,994
Dividends declared per share of common stock............... $ 1.08 $ 0.92 $ 0.60 $ 0.40 $ 0.20 $0.14
Common stock dividend payout ratio ............................. 21.01% 18.73% 12.07% 8.95% 4.92%41.48%
Ratios:
Return on average total equity ....................................... 21% 21% 24% 26% 30%21%
Return on average assets .............................................. 3% 3% 3% 3% 3% 3%
Average stockholders' equity to average total assets........ 14% 14% 14% 13% 12%14%