DISCOVER FINANCIAL SERVICES DFS Income Statement

Discover financial services (DFS)

Income statement / TTM

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
9,744	9,690	9,571	9,364	9,107	8,835	8,576	8,344	8,121	7,907	7,694	7,480	7,298	7,155	7,003	6,867	6,753	6,626	6,551	6,488	6,428	6,359	6,261	6,161	6,064	5,978	5,881	5,820	5,778	5,751	0	5,706	0	5,678	0	5,660	5,654	5,656	5,688	5,761	5,836	4,983	4,288	3,594	2,835	2,857	0	0	0
Other loans
1,898	1,871	1,840	1,805	1,766	1,726	1,689	1,652	1,610	1,560	1,503	1,450	1,402	1,361	1,321	1,288	1,265	1,243	1,229	1,206	1,180	1,151	1,115	1,079	1,038	997	955	918	887	856	0	820	0	760	0	702	619	499	409	320	254	232	208	185	168	141	0	0	0
Federal Funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Investment securities
209	179	137	94	61	40	30	26	27	27	28	31	34	38	43	45	47	49	53	59	64	67	69	68	70	74	76	81	82	80	0	75	0	69	0	64	59	52	42	32	26	33	45	58	68	65	0	0	0
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other interest income
187	253	313	339	327	292	247	215	181	154	125	97	76	62	52	43	35	27	25	23	20	19	19	17	17	15	14	16	16	16	0	13	0	12	0	11	13	16	20	24	30	36	39	49	72	75	0	0	0
Total interest income
12,038	11,993	11,861	11,602	11,261	10,893	10,542	10,237	9,939	9,648	9,350	9,058	8,810	8,616	8,419	8,243	8,100	7,945	7,858	7,776	7,692	7,596	7,464	7,325	7,189	7,064	6,927	6,835	6,764	6,703	0	6,616	0	6,520	0	6,438	6,345	6,224	6,161	6,139	6,146	5,284	4,582	3,888	3,145	3,188	0	0	0
Interest expense
Deposits
1,574	1,587	1,554	1,476	1,362	1,238	1,116	1,005	917	846	789	749	716	687	665	644	633	623	621	617	613	614	616	632	665	698	733	769	802	845	0	887	0	924	0	959	987	1,017	1,055	1,102	1,151	1,175	1,185	1,195	1,187	1,181	0	0	0
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	2	2	2	2	1	2	3	3	3	2	1	1	0	0	0	-0	0	-0	0	0	0	0	0	0	0	1	2	2	0	0	0
Long-term borrowings
908	943	966	964	940	901	854	833	814	802	789	762	734	711	696	681	664	639	613	582	549	518	488	461	450	445	447	459	471	485	0	491	0	491	0	496	498	482	472	449	432	346	251	155	61	58	0	0	0
Total interest expense
2,482	2,530	2,520	2,440	2,302	2,139	1,970	1,838	1,731	1,648	1,578	1,511	1,450	1,398	1,361	1,325	1,297	1,263	1,236	1,201	1,164	1,134	1,105	1,095	1,118	1,146	1,184	1,232	1,275	1,331	0	1,379	0	1,416	0	1,455	1,485	1,500	1,527	1,552	1,583	1,521	1,436	1,352	1,251	1,242	0	0	0
Net interest income
9,556	9,463	9,341	9,162	8,959	8,754	8,572	8,399	8,208	8,000	7,772	7,547	7,360	7,218	7,058	6,918	6,803	6,682	6,622	6,575	6,528	6,462	6,359	6,230	6,071	5,918	5,742	5,603	5,488	5,372	0	5,237	0	5,104	0	4,983	4,860	4,724	4,633	4,587	4,563	3,763	3,145	2,536	1,893	1,945	0	0	0
Provision for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	3,195	3,138	-	3,035	2,914	2,846	2,744	2,579	2,478	2,249	2,021	1,859	1,765	1,652	1,546	1,512	1,485	1,507	1,561	1,443	1,340	1,319	1,199	1,086	1,069	862	855	848	0	830	0	803	0	746	1,013	2,524	3,137	2,237	3,207	5,700	4,607	4,687	2,362	-2,327	0	0	0
Net interest income after provision for credit losses
5,327	6,232	6,146	6,024	5,866	5,719	5,658	5,553	5,464	5,421	5,294	5,298	5,339	5,359	5,293	5,266	5,257	5,170	5,137	5,068	4,967	5,019	5,019	4,911	4,872	4,832	4,673	4,740	4,633	4,524	0	4,406	0	4,300	0	4,236	3,847	3,648	2,945	2,350	1,356	539	253	-275	-468	-381	0	0	0
Other income
Securitization income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,879	1,939	0	0	0
Discount and interchange revenue, net
1,051	1,066	1,062	1,087	1,051	1,074	1,080	1,058	1,073	1,052	1,023	1,028	1,015	1,055	1,064	1,089	1,122	1,117	957	964	993	979	1,155	1,136	1,117	1,126	1,086	1,076	1,033	1,035	0	1,069	0	1,086	0	1,087	1,084	1,059	1,050	1,053	1,055	819	596	409	222	250	0	0	0
Protection products revenue
192	194	196	199	200	204	0	0	0	-	-	233	236	239	240	242	251	261	276	292	302	314	323	335	345	350	364	378	392	409	0	416	0	420	0	424	428	424	421	417	413	375	350	324	295	290	0	0	0
Loan fee income
464	449	434	417	410	402	390	382	370	363	360	356	352	343	337	333	334	335	334	332	332	334	333	326	322	320	318	320	321	325	0	329	0	333	0	336	338	323	331	320	340	318	301	284	247	252	0	0	0
Transaction processing revenue
195	197	192	187	181	178	175	171	171	167	164	161	158	155	153	152	153	159	167	174	180	182	182	182	183	192	200	213	218	218	0	212	0	196	0	189	180	172	168	159	150	141	133	129	125	124	0	0	0
Merchant fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	0	0	0	-	32	35	39	44	51	0	0	0
Gains on equity investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	0	-	-	9	8	8	8	4	6	6	6	5	28	28	29	26	0	-0	0	-3	0	-4	-4	-3	18	18	19	24	-1	-2	-3	-14	0	0	0
Gain on origination and sale of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68	92	109	105	81	74	80	109	144	0	0	156	105	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Antitrust litigation settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,891	1,419	0	0	0
Other income
90	90	97	94	96	97	91	95	93	92	94	92	93	89	93	96	100	108	115	119	122	121	137	146	157	169	130	173	166	163	0	197	0	149	0	158	179	164	159	145	118	123	131	133	138	148	0	0	0
Total other income
2,028	1,996	1,981	1,984	1,938	1,955	1,944	1,918	1,925	1,897	1,869	1,870	1,854	1,881	1,888	1,915	1,989	2,057	1,949	1,998	2,042	2,015	2,210	2,211	2,239	2,306	2,350	2,391	2,313	2,281	0	2,223	0	2,181	0	2,191	2,205	2,130	2,142	2,111	2,095	2,876	3,628	4,196	4,840	4,462	0	0	0
Other expense
Employee compensation and benefits
1,780	1,738	1,705	1,674	1,647	1,627	1,624	1,587	1,554	1,512	1,453	1,424	1,397	1,379	1,360	1,355	1,341	1,327	1,308	1,291	1,266	1,242	1,225	1,197	1,181	1,164	1,144	1,126	1,091	1,048	0	999	0	967	0	947	914	885	847	820	803	794	798	803	827	858	0	0	0
Marketing and business development
919	883	879	867	867	857	840	825	793	776	739	731	737	731	751	724	725	745	765	779	748	735	708	700	717	717	720	706	640	603	0	554	0	527	0	532	537	543	540	513	463	427	374	379	406	430	0	0	0
Information processing and communications
424	409	389	382	367	350	337	326	317	315	316	319	331	339	345	348	349	349	350	353	350	346	347	341	339	333	322	310	296	289	0	279	0	274	0	269	264	261	260	257	258	263	268	279	289	293	0	0	0
Professional fees
779	753	729	706	684	672	671	668	663	655	618	598	592	605	623	640	643	610	568	519	478	450	430	416	405	410	416	427	436	432	0	431	0	429	0	424	415	404	384	357	343	332	330	327	321	311	0	0	0
Premises and equipment
109	107	106	106	104	102	102	101	100	99	96	96	96	95	96	95	95	95	95	94	93	92	90	88	86	82	80	78	77	76	0	73	0	71	0	71	71	69	69	69	70	71	72	72	73	75	0	0	0
Other expense
517	503	511	492	464	469	429	429	437	424	420	421	430	435	445	445	475	489	528	523	494	475	446	460	497	488	472	549	585	604	0	580	0	465	0	377	340	334	321	283	245	274	275	303	333	287	0	0	0
Total other expense
4,528	4,393	4,319	4,227	4,133	4,077	4,003	3,936	3,864	3,781	3,642	3,589	3,583	3,584	3,620	3,607	3,628	3,615	3,614	3,559	3,429	3,340	3,246	3,202	3,225	3,194	3,156	3,199	3,127	3,052	0	2,919	0	2,736	0	2,622	2,541	2,500	2,423	2,302	2,182	2,162	2,119	2,166	2,251	2,256	0	0	0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
2,827	3,835	3,808	3,781	3,671	3,597	3,599	3,535	3,525	3,537	3,521	3,579	3,610	3,656	3,561	3,574	3,618	3,612	3,472	3,507	3,580	3,694	3,983	3,920	3,886	3,944	3,866	3,932	3,818	3,753	0	3,710	0	3,745	0	3,805	3,511	3,278	2,663	2,159	1,269	1,253	1,761	1,754	2,120	1,824	0	0	0
Income tax (benefit) expense
657	878	872	895	869	855	1,157	1,211	1,324	1,438	1,246	1,267	1,228	1,263	1,231	1,271	1,332	1,315	1,271	1,274	1,302	1,371	1,462	1,450	1,458	1,474	1,448	1,480	1,431	1,408	0	1,403	0	1,416	0	1,412	1,284	1,214	988	826	504	486	677	701	844	721	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net Income (Loss) Attributable to Parent
2,170	2,957	2,936	2,886	2,802	2,742	2,442	2,324	2,201	2,099	2,275	2,312	2,382	2,393	2,330	2,303	2,286	2,297	2,201	2,233	2,278	2,323	2,521	2,470	2,428	2,470	2,418	2,452	2,386	2,345	0	2,307	0	2,329	0	2,393	2,227	2,063	1,675	1,333	765	767	1,084	1,052	1,276	1,103	0	0	0
Net Income Loss Allocated to Common Stockholders
2,125	2,908	2,882	2,832	2,748	2,689	2,367	2,257	2,126	2,031	2,222	2,258	2,328	2,339	2,277	2,251	2,235	2,246	2,150	2,181	2,225	2,270	2,466	2,415	2,373	2,414	2,367	2,409	2,352	2,318	0	2,284	0	2,305	0	2,366	2,202	2,042	1,658	1,249	668	649	944	966	1,206	1,057	0	0	0
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
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-