DISCOVER FINANCIAL SERVICES DFS Cash Flow

Discover financial services (DFS)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Nov'12	Aug'12	May'12	Mar'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09	Aug'09	May'09	Feb'09
Cash flows from operating activities
Net Income (Loss) Attributable to Parent
-61	708	770	753	726	687	720	669	666	387	602	546	564	563	639	616	575	500	612	599	586	404	644	644	631	602	593	602	673	550	626	536	650	631	512	648	600	464	349	260	258	-103	352	577	225	120
Adjustments to reconcile net income to net cash provided by operating activities
Provision for credit losses
1,807	836	799	787	809	800	742	742	751	679	674	640	586	578	445	412	424	484	332	306	390	457	354	360	272	354	333	240	159	337	126	232	84	151	320	99	175	417	382	4,935	-3,498	1,387	399	380	643	937
Income tax deficiency on stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-2	11
Deferred income taxes
-240	-	-	-	-19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9	42	121	-13	33	38	108	86	-119	145	94	112	49	78	85	-100	62	118	-46	-196
Depreciation and amortization on premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	31	25	24	24	23	23	22	23	22	21	22	20	21	22	23	24	24	24	24
Amortization of deferred revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	46	48	49	51	49	50	52	63	67	63	60	57	45	133	-42	243	-34	-40	-35
Depreciation and amortization
123	121	113	103	99	109	110	109	107	104	101	95	93	89	86	92	84	100	98	98	95	95	93	91	90	170	57	64	43	274	-28	-35	38	-38	191	18	-32	-21	25	20	18	18	11	27	32	34
Amortization of deferred revenues and accretion of accretable yield on acquired loans
86	110	110	100	101	101	104	97	101	100	104	97	98	97	100	100	98	103	108	108	113	116	119	120	119	260	66	69	70	-	-	-	77	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on investments and other assets
23	-7	-9	-11	-10	-12	-11	-11	-11	-13	-15	-13	-14	-17	-14	-13	-13	-13	-10	13	36	14	12	17	13	120	0	0	3	25	0	0	0	0	-0	-3	-0	0	-0	18	0	0	0	-7	-1	-0
Loss on equity method and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-4	-4	-2	-3	-2	-2	-2	-5	0	0	0	-	-	-	-	-	-	-	-
Loss on premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	0	-	0	0	-3	0	-0	-0	-2	0	-0	-6	-0	0	0
Loss on sale of other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-0	-	0	0	0	-	-	-	-	-	-	-	-
Gain on origination and sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	51	51	55	49	0	-1	-0	-1	0	6	0	-	-	-	-	-	-	-	-
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	14	17	10	11	10	10	13	10	11	10	11	7	8	9	11	9	9	14	11
Gain on purchase of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-8	0	0	15	0	0	0	0	-	-	-	-
Proceeds from sale of mortgage loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	481	1,149	1,083	849	800	650	512	607	935	1,369	1,249	1,247	550	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Net principal disbursed on mortgage loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	317	1,092	1,110	797	800	625	478	604	756	1,289	1,156	1,238	684	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
10	-15	-25	-29	18	15	-29	3	-96	403	-75	22	11	-6	80	35	4	-26	-16	42	-8	153	42	39	41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities
Decrease in amounts due from asset securitization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-244	169	-79	-386
Net change in loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Decrease (increase) in other assets
-429	169	10	-6	29	50	147	61	-251	443	62	178	-181	291	-15	-122	33	92	70	35	40	144	24	29	41	140	26	-2	88	-17	12	122	16	-5	54	25	-101	43	-29	-29	90	170	13	33	66	-9
(Decrease) increase in accrued expenses and other liabilities
-279	86	-727	28	822	-711	303	210	-351	581	355	24	-338	439	259	-653	189	167	106	-327	216	113	77	-351	234	17	-585	-318	617	101	205	-145	-68	187	231	-320	57	369	560	-786	427	110	-90	-217	515	-753
Net cash provided by operating activities
1,680	1,464	819	1,578	2,335	761	1,606	1,586	1,238	1,624	1,552	1,019	1,013	1,292	1,317	658	1,158	1,044	1,147	600	1,063	1,000	1,055	642	1,129	982	448	595	1,492	881	656	492	705	1,010	841	537	960	1,257	1,511	262	1,308	1,135	1,001	682	1,385	528
Cash flows from investing activities
Maturities of other short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	175	1,175	-	-	-	0
Purchases of other short-term investments
0	0	0	0	1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of available-for-sale investment securities
157	34	36	36	34	36	716	42	44	46	50	52	52	63	608	513	158	187	73	69	1,188	65	64	55	1,276	59	84	265	1,015	224	468	598	440	491	540	164	288	332	182	146	326	68	272	72	77	0
Purchases of available-for-sale investment securities
0	0	3,068	2,259	1,856	1,571	983	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	146	143	101	67	169	-1	90	107	173	980	679	554	772	517	567	542	4,045	310	659	269	205	126	352	0
Maturities of held-to-maturity investment securities
7	10	9	6	6	5	4	5	4	4	5	3	4	7	8	4	5	4	6	5	2	1	1	3	5	2	10	4	13	1	5	1	2	2	0	5	2	9	2	13	1	4	-50	56	1	0
Purchases of held-to-maturity investment securities
14	12	20	22	12	0	20	29	33	0	4	19	17	0	10	30	16	1	4	15	17	22	13	10	8	1	0	1	0	-0	0	0	-	50	1	0	0	0	-	-	-	-	0	0	-72	73
Proceeds from sale of student loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	268	270	7	6	14	0	-	-	-	-	-	-	-	-
Net principal repaid on loans originated for investment
-2,268	3,996	2,898	2,098	-1,148	4,162	2,679	2,598	-959	4,246	2,905	2,560	-1,010	3,988	1,907	1,876	-1,793	2,526	1,439	1,643	-2,129	2,852	1,698	2,237	-1,692	3,163	1,330	1,524	-2,102	1,552	1,909	928	-2,005	-305	917	1,798	1,256	-14	1,398	949	794	291	1,751	1,755	667	3,229
Proceeds from sale of other investments
52	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of loan receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3	133	99	107	58	211	223	2,568	131	69	395	0	0	0	0	-	-	-	-
Purchase of business, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-0	0	35	366	0	0	0	0	-	-	-	-
Purchases of other investments
14	19	28	15	6	45	15	5	0	34	8	9	14	28	11	11	1	19	9	18	5	18	8	5	29	38	23	22	31	37	5	13	8	8	94	15	0	0	-	-	-	-	-	-	-	-
Decrease in restricted cash - special dividend escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	0	643	-	-	-	0
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	849	-912	911	1	-656	645	3	3	-202	-858	981	-1	-354	55	192	2,042	-468	-1,441	483	924	339	-1,170	-338	884	-422	-6	2,990	-2,437	-	-	-	0
Proceeds from sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	2	0	0	0	-0	0	0	0	0	-0	0	1
Purchases of premises and equipment
59	72	61	69	82	77	59	60	58	57	58	56	47	47	46	40	46	48	31	47	41	43	29	30	43	54	60	58	59	39	48	29	31	26	40	20	34	15	25	12	9	7	12	11	11	18
Net cash used for investing activities
2,397	-3,055	-6,030	-4,421	-1,768	-5,814	-3,036	-2,645	916	-4,287	-2,917	-2,575	988	-2,295	-2,007	-1,578	982	-3,080	-747	-2,294	3,253	-2,872	-1,627	-1,509	1,811	-3,261	-1,134	-1,393	2,625	-3,652	-318	-2,852	1,303	1,130	-4,184	-2,227	-1,619	-78	-4,489	-1,119	1,654	-1,114	-1,941	-342	-556	-3,319
Cash flows from financing activities
Net decrease in short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-144	-22	53	-26	19	-4	-16	15	-137	-72	-37	33	250	0	0	-50	-50	0	0	100	0	0	0	0	-	-	-	1,875
Proceeds from issuance of securitized debt
0	1,492	793	-7	1,241	1,690	892	518	1,666	817	1,290	1,662	1,290	44	1,193	842	991	1,225	0	800	950	1,200	1,199	1,000	1,650	1,400	550	1,000	1,700	750	3,099	1,000	999	999	1,200	1,000	1,000	500	800	0	250	750	-	-	-	0
Maturities and repayment of securitized debt
509	9	2,208	1,210	2,860	559	1,551	543	1,794	1,244	1,064	1,726	925	1,376	77	986	980	331	1,332	888	1,083	88	1,098	1,140	2,352	101	434	2,204	899	103	2,904	633	108	109	629	1,238	2,057	1,819	750	200	5,217	3,142	-	-	-	0
Proceeds from issuance of other long-term borrowings
496	-1	746	-1	596	-2	1,391	22	822	29	48	45	1,005	22	1,027	35	38	30	1,010	1,250	499	499	748	0	399	496	498	0	750	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and repayment of other long-term borrowings
1	200	79	4	3	1,000	3	2	751	1	2	401	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term borrowings and bank notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5	12	16	10	19	315	-	-	-	71	64	31	5	302
Proceeds from issuance of common stock
2	1	2	2	2	1	2	1	2	1	2	1	1	2	0	4	1	2	0	2	1	1	2	1	1	1	5	2	5	9	1	12	10	2	5	10	6	0	1	0	0	0	-	-	-	-
Purchases of treasury stock
343	401	419	461	487	465	460	556	584	555	556	450	520	478	581	426	423	435	435	425	420	399	622	178	365	346	349	340	261	402	352	447	270	14	228	202	0	5	-0	2	0	5	1	3	0	6
Net increase in deposits
663	1,714	1,276	809	1,146	4,075	1,986	562	2,338	2,624	3,271	-671	1,529	2,751	719	58	925	997	287	-107	333	706	947	-542	26	1,850	539	206	187	-162	744	1,394	970	562	1,994	2,345	360	442	166	-775	-1,006	2,958	2,526	420	818	-192
Dividend paid to Morgan Stanley
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	775	-	-	-	0
Dividends paid on common and preferred stock
138	153	141	145	134	151	137	122	142	137	139	124	127	128	132	125	129	130	131	135	119	119	120	122	106	105	107	108	79	50	51	53	53	53	40	29	29	11	10	10	22	26	26	25	20	29
Net cash provided by financing activities
170	2,443	-30	-1,017	-499	3,589	2,120	-120	1,557	1,522	2,850	-1,664	2,253	837	2,149	-598	423	1,358	-745	475	214	1,774	1,075	-985	-763	3,210	565	-1,525	1,366	458	787	1,157	1,543	1,324	2,234	1,874	-739	-1,106	160	-1,563	-5,356	-312	3,132	793	142	1,344
Net increase in cash, cash equivalents and restricted cash
4,247	852	-5,241	-3,860	68	-1,464	690	-1,179	3,711	-1,141	1,485	-3,220	4,254	-166	1,459	-1,518	2,563	-678	-345	-1,219	4,530	-98	503	-1,852	2,177	931	-121	-2,323	5,483	-2,311	1,125	-1,203	3,551	3,465	-1,107	184	-1,398	72	-2,817	-2,419	-2,392	-292	2,192	1,133	970	-1,446
Supplemental disclosures of cash flow information
Cash paid during the period for
Interest Paid, Excluding Capitalized Interest, Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	304	260	347	303	290	296	310	351	383	326	359	395	369	336	285	316	327
Income Taxes Paid, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	333	315	606	378	45	270	258	338	38	56	55	42	14	382	232	299	-0
Non-cash investing and financing transactions:
Assumption of debt by buyer related to loans sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	425	424	0	0	0	0	-	-	-	-	-	-	-	-
Post-closing adjustment payable - SLC acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	35	-	-	-	0	-	-	-	-
Assumption of SLC debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-0	0	0	2,921	0	0	0	0	-	-	-	-
Special dividend - Morgan Stanley (non-cash)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-67	0	33	516	-140	-40	0