Discover financial services (DFS)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09Aug'09Nov'08
Assets
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,250

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

10,028

6,924

6,075

10,313

15,169

13,299

16,019

15,289

17,011

13,306

13,249

12,950

15,163

11,914

12,076

10,617

12,135

9,572

10,250

10,595

11,814

7,284

7,382

6,879

8,731

6,554

5,623

5,744

8,067

2,584

3,926

6,237

5,112

6,315

2,850

3,957

3,772

5,171

5,098

7,916

10,335

12,728

13,020

10,828

10,171

Cash and due from banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

485

-

Federal Funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Interest-earning deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,342

-

Restricted cash - special dividend escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

643

502

-

Restricted Cash and Cash Equivalents

1,183

40

37

1,040

44

1,846

590

630

87

81

1,279

93

1,100

95

947

98

1,010

99

98

754

109

106

103

305

1,163

182

183

537

482

290

2,344

301

1,802

361

1,286

937

1,014

676

1,363

691

685

3,676

0

-

0

Other short-term investments

-

-

1,000

1,000

1,000

-

-

-

-

-

-

-

-

-

850

1,050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

375

375

375

375

175

1,350

-

0

Available-for-sale (amortized cost of $3,881 and $4,900 at September 30, 2014 and December 31, 2013, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,913

4,000

3,902

-

4,953

4,872

5,196

6,145

6,133

6,377

6,557

6,174

6,108

5,899

5,496

5,177

5,002

1,151

982

648

2,645

1,523

1,127

Held-to-maturity (fair value of $82 and $58 at September 30, 2014 and December 31, 2013, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

70

62

-

61

71

74

87

88

90

94

95

98

53

61

63

72

74

88

89

2,389

1,742

100

Investment securities (includes available-for-sale securities of $10,503 and $10,323 reported at fair value with associated amortized cost of $10,016 and $10,173 at March 31, 2020 and December 31, 2019, respectively)

10,782

10,595

10,649

7,581

5,243

3,370

1,801

1,522

1,543

1,568

1,627

1,679

1,718

1,757

1,855

2,471

2,956

3,084

3,302

2,701

2,778

3,949

3,995

4,070

3,964

4,991

5,014

4,943

5,270

6,232

6,221

6,467

6,651

6,269

6,206

5,952

5,557

5,240

5,075

1,225

1,071

737

5,035

3,266

1,227

Loan receivables
Loan receivables

92,963

95,894

92,493

90,229

88,743

90,512

86,894

84,789

82,744

84,248

80,443

77,997

75,853

77,254

73,551

71,924

70,320

72,385

70,078

69,028

67,648

69,969

67,218

65,746

63,719

65,771

62,601

61,428

60,073

62,243

60,695

58,885

57,057

56,299

56,956

53,344

51,753

50,896

48,048

48,693

48,608

-

23,625

-

-

Loan receivables
Mortgage loans held for sale, measured at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148

129

133

-

137

275

311

355

322

272

-

-

0

-

-

-

-

-

-

-

-

-

-

Student loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

714

738

756

766

788

1,437

1,416

-

0

-

-

Credit card-restricted for securitization investors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,789

34,890

35,377

22,300

-

-

Other credit card

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,458

10,437

10,384

20,230

22,721

23,814

Credit card

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,699

52,742

50,879

-

50,360

49,791

48,655

51,135

49,642

48,124

46,610

45,917

46,972

46,177

44,960

44,317

45,156

45,248

45,328

45,761

20,230

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,731

9,089

8,794

-

7,938

7,203

6,857

6,406

6,309

5,893

5,451

5,257

4,734

4,279

3,845

3,567

2,891

3,444

3,279

4,332

3,394

2,768

1,402

Purchased credit-impaired loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,788

3,915

4,046

-

4,303

4,434

4,561

4,702

4,744

4,867

4,995

5,124

5,250

2,886

2,946

3,011

0

-

-

-

-

-

-

Total loan receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67,366

65,875

63,852

-

62,738

61,703

60,384

62,598

61,017

59,157

57,057

56,299

57,670

54,082

52,509

51,663

48,836

50,130

50,024

50,093

23,625

25,489

25,216

Allowance for loan losses

6,900

3,383

3,299

3,202

3,134

3,041

2,927

2,828

2,736

2,621

2,531

2,384

2,264

2,167

2,024

1,949

1,921

1,869

1,743

1,735

1,776

1,746

1,644

1,614

1,591

1,648

1,598

1,556

1,634

1,788

1,725

1,687

1,869

1,978

2,205

2,273

2,632

3,033

3,304

3,743

3,930

4,207

1,757

1,832

1,374

Financing Receivable, after Allowance for Credit Loss

86,050

92,511

89,194

87,027

85,609

87,471

83,967

81,961

80,008

81,627

77,912

75,613

73,589

75,087

71,527

69,975

68,399

70,516

68,335

67,293

65,872

68,223

65,722

64,261

62,261

64,123

61,140

60,147

58,750

60,810

59,292

57,469

55,188

54,320

55,465

51,809

49,877

48,629

45,532

46,386

46,094

45,886

21,867

23,657

23,842

Accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

183

-

Amounts due from asset securitization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,692

1,936

2,233

Premises and equipment, net

1,070

1,057

1,028

1,008

980

936

896

874

848

825

800

774

750

734

722

708

706

693

684

688

678

670

661

665

668

654

639

607

572

538

534

519

492

486

483

465

471

458

460

456

469

482

499

518

552

Goodwill

255

255

255

255

255

255

255

255

255

255

255

255

255

255

255

255

255

255

255

255

257

257

284

284

284

284

284

284

286

286

286

287

255

255

255

255

255

255

255

255

255

255

255

255

255

Intangible assets, net

155

155

159

160

160

161

162

162

162

163

163

164

165

166

166

167

167

168

169

170

175

176

177

179

182

185

188

191

187

189

190

192

184

186

188

189

191

193

188

190

192

193

195

197

203

Other assets

3,134

2,459

2,389

2,323

2,260

2,215

2,152

2,058

2,053

2,262

2,323

2,229

2,055

2,300

2,143

2,170

2,465

2,412

2,518

2,455

2,495

2,461

2,272

2,294

2,331

2,367

2,473

2,491

2,525

2,562

2,490

2,433

2,395

2,290

2,384

2,158

2,297

2,505

2,434

2,559

2,675

2,683

1,462

1,352

1,406

Total assets

112,657

113,996

110,786

110,707

110,720

109,553

105,842

102,751

101,967

100,087

97,608

93,757

94,795

92,308

90,541

87,511

88,093

86,799

85,611

84,911

84,178

83,126

80,596

78,937

79,584

79,340

75,544

74,944

76,139

73,491

75,283

73,908

72,083

70,486

69,117

65,725

63,437

63,506

60,784

60,057

62,153

66,818

46,020

42,698

39,892

Liabilities and Stockholders' Equity
Liabilities
Deposits [Abstract]
Interest-bearing deposit accounts

72,592

71,955

70,327

69,064

68,254

67,084

63,034

61,068

60,530

58,165

55,583

52,359

53,017

51,461

48,785

48,104

48,055

47,094

46,246

45,989

46,124

45,792

45,177

44,245

44,813

44,766

42,928

42,423

42,255

42,077

42,034

42,175

41,427

40,014

39,464

37,470

35,115

34,728

34,309

34,148

34,933

34,954

32,028

29,469

28,452

Non-interest bearing deposit accounts

826

791

694

670

662

675

640

615

600

599

552

505

505

531

460

423

410

437

359

327

303

297

205

200

171

193

189

145

139

136

121

143

124

133

114

116

103

130

103

97

88

97

64

98

78

Total deposits

73,418

72,746

71,021

69,734

68,916

67,759

63,674

61,683

61,130

58,764

56,135

52,864

53,522

51,992

49,245

48,527

48,465

47,531

46,605

46,316

46,427

46,089

45,382

44,445

44,984

44,959

43,117

42,568

42,394

42,213

42,155

42,318

41,551

40,147

39,578

37,586

35,219

34,858

34,413

34,246

35,021

35,051

32,093

29,567

28,530

Short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

144

166

113

139

120

124

140

124

262

290

327

284

250

0

0

50

100

100

100

0

-

-

-

-

0

500

Long-term borrowings

26,098

25,701

24,454

25,163

26,276

27,228

26,998

26,252

26,244

26,326

26,737

26,438

26,823

25,443

26,830

24,681

24,752

24,650

23,800

24,099

22,924

22,544

20,918

20,057

20,182

20,474

18,665

18,033

19,230

17,666

19,729

19,246

19,023

18,753

18,287

17,718

17,938

18,990

17,705

17,708

18,311

22,392

2,428

1,795

1,735

Long-term borrowings-owed to securitization investors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,869

15,069

20,036

-

-

-

Other long-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,839

3,241

2,355

2,428

-

-

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

234

-

Special dividend - Morgan Stanley

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

808

653

473

Accrued expenses and other liabilities

3,476

3,690

3,594

4,317

4,269

3,436

4,154

3,927

3,722

4,105

3,549

3,196

3,185

3,550

3,119

2,906

3,560

3,343

3,903

3,089

3,450

3,246

2,856

2,934

3,273

2,958

3,036

3,633

3,926

3,412

3,337

2,948

2,609

2,755

2,960

2,314

2,656

2,658

2,209

1,990

2,782

2,360

2,255

2,061

2,737

Total liabilities

102,992

102,137

99,069

99,214

99,461

98,423

94,826

91,862

91,096

89,195

86,421

82,498

83,530

80,985

79,194

76,114

76,777

75,524

74,308

73,648

72,967

71,992

69,295

67,556

68,563

68,531

64,942

64,496

65,840

63,618

65,505

64,762

63,184

61,657

60,875

57,719

55,914

56,607

54,328

53,946

56,115

59,803

37,585

34,312

33,976

Commitments, contingencies and guarantees (Notes 8, 11 and 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

-

-

-

Stockholders' Equity
Common stock, par value $0.01 per share; 2,000,000,000 shares authorized; 567,529,990 and 566,653,650 shares issued at March 31, 2020 and December 31, 2019, respectively

6

6

6

6

6

6

6

6

6

6

6

6

6

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

6

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

4

Preferred stock, par value $0.01 per share; 200,000,000 shares authorized; 5,700 shares issued and outstanding and aggregate liquidation preference of $570 at March 31, 2020 and December 31, 2019

563

563

563

563

563

563

563

563

563

563

560

560

560

560

560

560

560

560

560

560

560

560

560

560

560

560

560

560

560

560

560

-

-

-

0

-

-

-

-

-

-

1,161

1,158

1,154

0

Additional paid-in capital

4,217

4,206

4,188

4,167

4,148

4,130

4,107

4,089

4,068

4,042

4,016

3,997

3,979

3,962

3,946

3,932

3,913

3,885

3,868

3,853

3,841

3,790

3,775

3,758

3,739

3,687

3,671

3,650

3,632

3,598

3,593

3,570

3,555

3,528

3,508

3,492

3,469

3,452

3,435

3,428

3,593

3,584

3,573

3,563

2,938

Retained earnings

19,175

21,290

20,720

20,107

19,484

18,906

18,354

17,787

17,211

16,687

16,452

15,989

15,568

15,130

14,696

14,188

13,698

13,250

12,880

12,400

11,936

11,467

11,182

10,659

10,138

9,611

9,115

8,629

8,136

7,472

7,373

6,877

6,303

5,820

5,243

4,763

4,147

3,580

3,126

2,787

2,538

2,362

3,873

3,705

3,046

Accumulated Other Comprehensive Income (Loss), Net of Tax

134

-119

-74

-83

-136

-156

-160

-162

-139

-152

-148

-150

-155

-161

-165

-174

-172

-160

-180

-160

-161

-138

-70

-72

-70

-68

-109

-107

-84

-72

-75

-31

-41

-48

-52

-19

-66

-106

-82

-82

-73

-74

-154

-24

-66

Treasury stock, at cost; 261,227,835 and 256,496,492 shares at March 31, 2020 and December 31, 2019, respectively

14,430

14,087

13,686

13,267

12,806

12,319

11,854

11,394

10,838

10,254

9,699

9,143

8,693

8,173

7,695

7,114

6,688

6,265

5,830

5,395

4,970

4,550

4,151

3,529

3,351

2,986

2,640

2,289

1,951

1,690

1,678

1,276

924

477

462

235

32

32

27

27

25

25

19

18

8

Total stockholders' equity

9,665

11,859

11,717

11,493

11,259

11,130

11,016

10,889

10,871

10,892

11,187

11,259

11,265

11,323

11,347

11,397

11,316

11,275

11,303

11,263

11,211

11,134

11,301

11,381

11,021

10,809

10,602

10,448

10,299

9,873

9,778

9,145

8,898

8,828

8,242

8,005

7,523

6,899

6,456

6,111

6,038

7,015

8,435

8,386

5,915

Total liabilities and stockholders' equity

112,657

113,996

110,786

110,707

110,720

109,553

105,842

102,751

101,967

100,087

97,608

93,757

94,795

92,308

90,541

87,511

88,093

86,799

85,611

84,911

84,178

83,126

80,596

78,937

79,584

79,340

75,544

74,944

76,139

73,491

75,283

73,908

72,083

70,486

69,117

65,725

63,437

63,506

60,784

60,057

62,153

66,818

46,020

42,698

39,892

Variable Interest Entity, Primary Beneficiary [Member]
Restricted Cash and Cash Equivalents

1,183

40

37

1,040

44

1,846

590

630

87

81

1,279

93

1,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan receivables

29,436

31,840

31,145

31,564

31,539

33,424

32,504

30,151

29,894

31,781

30,689

31,356

31,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for credit losses

1,620

1,179

1,167

1,161

1,156

1,150

1,125

1,020

1,006

998

990

995

976

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

6

5

6

8

5

7

5

6

6

5

6

5

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term borrowings

13,939

14,284

12,820

14,214

15,351

16,917

15,715

16,365

16,385

16,536

16,979

16,738

16,780

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

12

15

14

15

18

18

15

17

17

16

15

15

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-