DISCOVER FINANCIAL SERVICES DFS Income Statement

Discover financial services (DFS)

Income statement / 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	Sep'12	Aug'12	Jun'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	Aug'08
Interest income
Credit card loans
2,416	2,467	2,465	2,396	2,362	2,348	2,258	2,139	2,090	2,089	2,026	1,916	1,876	1,876	1,812	1,734	1,733	1,724	1,676	1,620	1,606	1,649	1,613	1,560	1,537	1,551	1,513	1,463	1,451	1,454	1,461	1,451	1,411	1,421	1,414	1,423	1,410	1,423	1,403	1,417	1,412	1,455	1,475	1,491	559	761	781	733	581
Other loans
484	482	472	460	457	451	437	421	417	414	400	379	367	357	347	331	326	317	314	308	304	303	291	282	275	267	255	241	234	225	222	217	210	210	205	202	190	157	151	119	70	67	62	52	49	43	40	35	22
Federal Funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16
Investment securities
58	59	53	39	28	17	10	6	7	7	6	7	7	8	9	10	11	13	11	12	13	17	17	17	16	19	16	19	20	21	21	21	21	19	18	17	16	15	14	12	10	5	5	5	17	18	17	15	14
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31
Other interest income
24	31	50	82	90	91	76	70	55	46	44	36	28	17	16	15	14	7	7	7	6	5	5	4	5	5	3	4	3	4	4	4	4	4	4	2	2	2	3	4	5	6	7	9	12	10	18	31	15
Total interest income
2,982	3,039	3,040	2,977	2,937	2,907	2,781	2,636	2,569	2,556	2,476	2,338	2,278	2,258	2,184	2,090	2,084	2,061	2,008	1,947	1,929	1,974	1,926	1,863	1,833	1,842	1,787	1,727	1,708	1,705	1,708	1,694	1,646	1,655	1,641	1,646	1,619	1,599	1,573	1,552	1,499	1,535	1,551	1,559	638	833	857	815	681
Interest expense
Deposits
373	393	407	401	386	360	329	287	262	238	218	199	191	181	178	166	162	159	157	155	152	157	153	151	153	159	169	184	186	194	201	204	210	216	224	228	237	241	251	256	268	279	298	305	292	289	308	297	286
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1	1	0	0	1	0	1	1	1	0	1	0	0	0	0	0	-0	0	0	0	0	0	0	0	0	0	1	1	0
Long-term borrowings
211	222	231	244	246	245	229	220	207	198	208	201	195	185	181	173	172	170	166	156	147	144	135	123	116	114	108	112	111	116	119	119	122	124	125	124	122	120	128	125	107	110	106	108	21	14	10	14	18
Total interest expense
584	615	638	645	632	605	558	507	469	436	426	400	386	366	359	339	334	329	323	311	300	302	288	274	270	273	278	297	298	311	321	325	332	340	349	353	360	362	379	382	375	389	404	413	314	304	320	312	305
Net interest income
2,398	2,424	2,402	2,332	2,305	2,302	2,223	2,129	2,100	2,120	2,050	1,938	1,892	1,892	1,825	1,751	1,750	1,732	1,685	1,636	1,629	1,672	1,638	1,589	1,563	1,569	1,509	1,430	1,410	1,393	1,387	1,369	1,314	1,315	1,292	1,293	1,259	1,237	1,193	1,170	1,123	1,146	1,147	1,145	323	528	537	503	376
Provision for credit losses
1,807	-	-	-	809	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	799	787	-	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	136	126	262	232	84	151	320	99	175	417	1,831	712	-724	1,387	4,325	-380	-643	-937	-364
Net interest income after provision for credit losses
591	1,588	1,603	1,545	1,496	1,502	1,481	1,387	1,349	1,441	1,376	1,298	1,306	1,314	1,380	1,339	1,326	1,248	1,353	1,330	1,239	1,215	1,284	1,229	1,291	1,215	1,176	1,190	1,251	1,056	1,251	1,243	1,052	1,082	1,208	1,141	939	1,137	1,017	752	740	434	422	-241	-75	147	-105	-434	11
Other income
Securitization income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	568	567	325	417	629
Discount and interchange revenue, net
216	281	255	299	231	277	280	263	254	283	258	278	233	254	263	265	273	263	288	298	268	103	295	327	254	279	276	308	263	239	253	265	273	265	240	264	274	282	265	260	249	273	269	261	14	51	81	75	41
Protection products revenue
47	48	48	49	49	50	51	50	53	-	-	56	58	59	60	59	61	60	62	68	71	75	78	78	83	84	90	88	88	98	104	104	102	101	103	104	106	107	105	108	103	104	101	104	66	78	75	74	61
Loan fee income
119	123	120	102	104	108	103	95	96	96	95	83	89	93	91	79	80	87	87	80	81	86	85	80	83	85	78	76	81	83	82	80	78	77	81	84	87	84	80	85	72	92	69	105	51	75	52	68	56
Transaction processing revenue
44	51	52	48	46	46	47	42	43	43	43	42	39	40	40	39	36	38	39	40	42	46	46	46	44	46	46	47	53	54	58	59	56	52	49	52	48	43	45	42	40	40	36	32	31	31	32	28	31
Merchant fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-	3	-	3	-	4	4	4	-	7	7	8	8	10	11	12	16
Gains on equity investments
36	-	-	-	0	-	-	-	-	-	-	-	-	-	0	-	-	1	0	0	8	0	0	0	4	2	0	0	3	25	26	0	0	0	0	0	-0	-3	-0	0	-0	18	0	0	5	-7	-1	-0	-5
Gain on origination and sale of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	26	40	24	19	22	16	17	25	51	51	42	56	-	7	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Antitrust litigation settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	471	472	472	474	0
Other income
28	17	23	22	28	24	20	24	29	18	24	22	28	20	22	23	24	24	25	27	32	31	29	30	31	47	38	41	43	8	39	80	36	33	38	39	43	32	42	60	29	27	28	32	34	35	30	38	45
Total other income
490	520	498	520	458	505	501	474	475	494	475	481	447	466	476	465	474	473	503	539	542	365	552	583	515	560	553	611	582	604	618	594	552	533	511	549	546	551	543	562	472	564	512	545	1,253	1,315	1,081	1,189	875
Other expense
Employee compensation and benefits
467	447	439	427	425	414	408	400	405	411	371	367	363	352	342	340	345	333	337	326	331	314	320	301	307	297	292	285	290	277	275	274	253	249	246	246	229	241	229	213	200	204	202	195	191	208	208	219	222
Marketing and business development
231	234	230	224	195	230	218	224	185	213	203	192	168	176	195	198	162	196	168	199	182	216	182	168	169	189	174	185	169	192	174	160	121	119	128	131	143	133	124	135	149	130	97	84	113	77	102	111	137
Information processing and communications
114	113	96	101	99	93	89	86	82	80	78	77	80	81	81	89	88	87	84	90	88	88	87	87	84	89	81	85	78	78	71	68	71	71	72	70	69	63	66	64	67	62	63	65	72	67	74	74	76
Professional fees
193	214	189	183	167	190	166	161	155	189	163	156	147	152	143	150	160	170	160	153	127	128	111	112	99	108	97	101	104	114	108	107	108	110	104	99	113	106	104	90	103	85	78	75	92	83	74	70	82
Premises and equipment
30	27	26	26	28	26	26	24	26	26	25	23	25	23	25	23	24	24	24	23	24	24	23	22	23	22	21	20	19	20	19	19	19	18	18	17	17	18	17	17	16	17	17	17	18	18	18	18	20
Other expense
124	149	127	117	110	157	108	89	115	117	108	97	102	113	109	106	107	123	109	136	121	162	104	107	102	133	118	144	93	117	194	194	186	179	104	111	94	79	91	74	89	66	54	35	118	67	82	65	72
Total other expense
1,159	1,184	1,107	1,078	1,024	1,110	1,015	984	968	1,036	948	912	885	897	895	906	886	933	882	927	873	932	827	797	784	838	783	820	753	800	841	825	758	748	672	677	668	642	635	595	627	566	513	474	607	523	560	559	612
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
-78	924	994	987	930	897	967	877	856	899	903	867	868	883	961	898	914	788	974	942	908	648	1,009	1,015	1,022	937	946	981	1,080	859	1,028	1,011	846	867	1,047	1,014	817	1,047	926	720	585	432	422	-170	570	939	414	196	273
Income tax (benefit) expense
-17	216	224	234	204	210	247	208	190	512	301	321	304	320	322	282	339	288	362	343	322	244	365	371	391	335	353	379	407	309	391	385	321	330	397	383	304	398	326	255	235	171	164	-67	217	362	188	75	94
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	178
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1
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	637	626	525	536	650	631	512	648	600	464	349	260	258	-103	352	577	225	120	180
Net Income Loss Allocated to Common Stockholders
-78	707	749	747	705	681	699	663	646	359	589	532	551	550	625	602	562	488	599	586	573	392	630	630	618	588	579	588	659	541	631	620	520	531	644	624	507	641	593	459	347	258	184	-122	329	552	206	118	180
Preferred stock dividends and accretion of discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Basic earnings per share:
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.38
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00
Earnings Per Share, Basic
-0.25	2.26	2.36	2.32	2.15	2.03	2.05	1.91	1.82	1.00	1.59	1.41	1.43	1.39	1.56	1.47	1.35	1.15	1.38	1.33	1.28	0.88	1.37	1.35	1.31	1.24	1.20	1.20	1.33	1.07	1.24	1.21	0.99	1.01	1.22	1.18	0.95	1.18	1.09	0.84	0.64	0.47	0.34	-0.22	0.63	1.08	0.43	0.25	0.38
Diluted earnings per share:
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00
Earnings Per Share, Diluted
-0.25	2.25	2.36	2.32	2.15	2.01	2.05	1.91	1.82	1.00	1.59	1.40	1.43	1.39	1.56	1.47	1.35	1.14	1.38	1.33	1.28	0.87	1.37	1.35	1.31	1.23	1.20	1.20	1.33	1.07	1.24	1.21	0.99	1.00	1.21	1.18	0.95	1.18	1.09	0.84	0.64	0.47	0.33	-0.22	0.63	1.07	0.43	0.25	0.37
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.35	0.30	0.30	-	0.30	0.30	0.28	-	0.28	0.28	0.24	-	0.24	0.24	0.20	-	0.20	0.20	0.00	-	0.10	0.10	0.10	0.10	0.10	0.10	-	0.06	0.06	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.06	0.06
Financial Service, Other [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	-	-	-	-	-	-	-	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-