Discover Financial Services (DFS) Income Statement

Income Statement for Discover Financial Services (DFS)

After Hours: $ 28.02

-0.16 (-0.57%)

Volume: 138.52 k

7:23 PM EST Feb 10, 2012

Income [+]

in Millions of Dollars

11/2011

11/2010

11/2009

11/2008

11/2007

Loans

6,273

6,090

3,004

2,325

2,141

Investment Securities

59

26

69

51

11

Lease Financing Income

-

-

-

-

-

Other Interest Income

13

30

72

95

185

Federal Funds Sold/Purchased

-

-

-

-

-

Interest Bearing Deposits

-

-

-

123

6

Loans Held for Resale

-

-

-

-

-

Trading Account Securities

-

-

-

-

-

Time Deposits Placed

-

-

-

-

-

Other Money Market Investments

-

-

-

-

-

Total Money Market Investments

-

-

-

221

248

Total Interest Income

6,345

6,146

3,145

2,693

2,584

Deposits

987

1,151

1,187

1,199

1,045

Short-Term Debt

0

0

3

0

89

Long-Term Debt

498

432

62

88

89

Federal Funds Sold/Purchased

-

-

-

-

-

Capitalized Lease Obligations

-

-

-

-

-

Other Interest Expense

-

-

-

-

-

Total Interest Income

6,345

6,146

3,145

2,693

2,584

Total Interest Expense

(1,485)

(1,583)

(1,251)

(1,288)

(1,223)

Net Interest Income

4,861

4,563

1,894

1,405

1,361

Loan Loss Provision

(1,013)

(3,207)

(2,362)

(1,596)

(734)

Net Interest Income After Loan Loss Provision

3,847

1,357

(469)

(191)

627

Trust Fees by Commissions

783

781

2,689

-

-

Service Charge on Deposit Accounts

-

-

-

-

-

Other Service Charges

-

-

-

579

-

Security Transactions

(4)

19

(4)

-

-

Premiums Earned

-

-

-

-

-

Net Realized Capital Gains

-

-

-

-

-

Investment Banking Profit

-

-

-

-

-

Other Non-Interest Income

1,426

1,295

264

2,821

3,377

Non-Interest Income

2,205

2,095

2,949

3,401

3,377

Salaries and Employee Benefits

914

803

1,117

845

-

Net Occupancy Expense

71

70

73

80

-

Promotion and Advertising

537

463

406

531

-

Property/Liability Insurance Claims

-

-

-

-

-

Policy Acquisition Costs

-

-

-

-

-

Amortization of Deferred Policy Acquisition Costs

-

-

-

-

-

Current and Future Benefits Expense

-

-

-

-

-

Other Non-Interest Expense

1,018

847

655

959

2,478

Income, Acquired in Process R&D

-

-

-

-

-

Income, Restructuring and M&A

-

-

-

-

-

Other Special Charges

-

-

1,892

864

-

Non-Interest Expense

(2,541)

(2,183)

(2,251)

(2,416)

(2,478)

Special Income/Charges

-

-

1,892

864

-

Net Income Before Taxes

3,511

1,269

2,121

1,658

1,526

Premium Tax (Credit)

-

-

-

-

-

Minority Interest

-

-

-

-

-

Income Taxes

(1,285)

(504)

(845)

(595)

(562)

Net Income from Continuing Operations

2,227

765

1,276

1,063

964

Net Income from Discontinued Operations

-

-

-

(135)

(376)

Net Income from Total Operations

2,227

765

1,276

928

589

Extraordinary Income/Loss

-

-

-

-

-

Income from Cum. Effect of Acct Change

-

-

-

-

-

Income from Tax Loss Carryforward

-

-

-

-

-

Other Gains

-

-

-

-

-

Total Net Income

2,227

765

1,276

928

589

Normalized Income

2,227

765

(616)

199

964

Net Income Available for Common

2,227

765

1,223

1,063

964

Results [+]

in Dollars (Preferred Dividends in Millions)

11/2011

11/2010

11/2009

11/2008

11/2007

Dividends Paid Per Share

0.20

0.08

0.12

0.24

0.06

Preferred Dividends

-

-

53

-

-

Basic EPS from Continuing Operations

4.06

1.23

2.39

2.22

2.02

Basic EPS from Discontinued Operations

0.00

0.00

0.00

-0.28

-0.79

Basic EPS from Total Operations

4.06

1.23

2.39

1.94

1.23

Basic EPS from Extraordinary Inc

0.00

0.00

0.00

0.00

0.00

Basic EPS from Cum. Effect of Acct Chg

0.00

0.00

0.00

0.00

0.00

Basic EPS from Tax Loss Carryforward

6,273

6,090

3,004

2,325

2,141

Basic EPS from Other Gains(Loss)

0.00

0.00

0.00

0.00

0.00

Basic EPS, Total

4.06

1.23

2.39

1.94

1.23

Basic Normalized Net Income/Share

4.06

1.23

-1.15

0.42

2.02

Diluted EPS from Continuing Operations

4.06

1.22

2.38

2.20

2.01

Diluted EPS from Discontinued Operations

0.00

0.00

0.00

-0.28

-0.78

Diluted EPS from Total Operations

4.06

1.22

2.38

1.92

1.23

Diluted EPS from Extraordinary Inc

0.00

0.00

0.00

0.00

0.00

Diluted EPS from Cum. Effect of Acct Chg

0.00

0.00

0.00

0.00

0.00

Diluted EPS from Tax Loss Carryforward

0.00

0.00

0.00

0.00

0.00

Diluted EPS from Other Gains(Loss)

0.00

0.00

0.00

0.00

0.00

Diluted EPS, Total

4.06

1.22

2.38

1.92

1.23

Diluted Normalized Net Income/Share

4.06

1.22

-1.15

0.41

2.01

Revenues Year-to-Date

8,550

8,241

6,094

6,093

5,961

Income Year-to-Date from Total Operations

2,227

765

1,276

928

589

EPS Year-to-Date from Total Operations

4.06

1.22

2.38

1.92

1.23

Dividends Paid Per Share, Year-to-Date

0.20

0.08

0.12

0.24

0.06

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