Discover Financial Services revenue breakdown by business segment: 97.4% from Direct Banking and 2.6% from Other
USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|---|---|---|
Revenue | 2.1b | 2.2b | 2.3b | 9.4b | 9.6b | 10.0b | 10.5b | 1.9b | 2.0b |
Revenue growth, % | 3% | 4% | 5% | ||||||
Cost of goods sold | 1.1b | 1.1b | 1.3b | 1.4b | |||||
Gross profit | 8.2b | 8.5b | 8.7b | 9.1b | |||||
Gross profit Margin, % | 88% | 88% | 87% | 87% | |||||
Sales and marketing expense | 463.1m | 537.5m | 603.0m | 776.0m | 857.0m | ||||
R&D expense | 258.1m | 263.7m | 289.0m | 315.0m | 350.0m | ||||
Operating expense total | 967.1m | 1.1b | 1.5b | 1.5b | 1.7b | ||||
Depreciation and amortization | 435.0m | ||||||||
EBIT | 764.8m | 4.8b | 5.0b | 5.2b | 5.4b | ||||
EBIT margin, % | 37% | 52% | 52% | 52% | 51% | ||||
Interest expense | 1.6b | 1.5b | 1.3b | 1.1b | 1.1b | 1.3b | 1.4b | 1.6b | 2.1b |
Interest income | 23.8m | 5.9b | 6.5b | 6.7b | 7.2b | ||||
Investment income | (5.3m) | (11.0m) | |||||||
Pre tax profit | 1.3b | 3.5b | 3.8b | 3.9b | 3.7b | 3.6b | 3.7b | 3.5b | 3.6b |
Income tax expense | 504.1m | 1.3b | 1.4b | 1.5b | 1.4b | 1.3b | 1.3b | 1.4b | 855.0m |
Net Income | 764.8m | 2.2b | 2.3b | 2.5b | 2.3b | 2.3b | 2.4b | 2.1b | 2.7b |
USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|---|---|---|
Cash | 5.1b | 2.8b | 3.9b | 6.6b | 7.3b | 9.6b | 11.9b | 13.3b | 13.3b |
Accounts Receivable | 45.5b | 55.1b | 59.3b | 65.8b | 70.0b | 72.4b | 77.3b | 81.6b | 87.5b |
PP&E | 460.7m | 483.3m | 534.0m | 654.0m | 670.0m | 693.0m | 734.0m | 825.0m | 936.0m |
Goodwill | 255.4m | 255.4m | 286.0m | 284.0m | 257.0m | 255.0m | 255.0m | 255.0m | 255.0m |
Total Assets | 60.8b | 68.8b | 75.3b | 79.3b | 83.1b | 86.9b | 92.3b | 100.1b | 109.6b |
Short-term debt | 3.3b | 5.2b | 140.0m | 113.0m | |||||
Long-term debt | 17.7b | 18.3b | 19.7b | 20.5b | 22.5b | 24.7b | 25.4b | 26.3b | 27.2b |
Total Debt | 17.7b | 21.6b | 24.9b | 20.6b | 22.7b | 24.7b | 25.4b | 26.3b | 27.2b |
Total Liabilities | 54.3b | 60.5b | 65.5b | 89.2b | 98.4b | ||||
Common Stock | 5.5m | 5.5m | 5.0m | 6.0m | 6.0m | ||||
Preferred Stock | 560.0m | 563.0m | 563.0m | ||||||
Additional Paid-in Capital | 3.4b | 3.5b | 3.6b | 3.7b | 3.8b | 3.9b | 4.0b | 4.0b | 4.1b |
Retained Earnings | 3.1b | 5.2b | 7.4b | 9.6b | 11.5b | 13.3b | 15.1b | 16.7b | 18.9b |
Total Equity | 6.5b | 8.2b | 9.8b | 10.8b | 11.1b | 11.3b | 11.3b | 10.9b | 11.1b |
Debt to Equity Ratio | 1.9 x | 2 x | 2.2 x | 2.2 x | 2.4 x | 2.4 x | |||
Debt to Assets Ratio | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.2 x | |||
Financial Leverage | 9.4 x | 8.3 x | 7.7 x | 7.3 x | 7.5 x | 7.7 x | 8.2 x | 9.2 x | 9.8 x |
USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|---|---|---|
Net Income | 764.8m | 2.2b | 2.3b | 2.5b | 2.3b | 2.3b | 2.4b | 2.1b | 2.7b |
Depreciation and Amortization | 64.0m | 59.7m | 63.0m | 395.0m | 435.0m | ||||
Accounts Payable | (269.0m) | 73.0m | 162.0m | 234.0m | |||||
Cash From Operating Activities | 3.9b | 3.6b | 3.0b | 3.5b | 3.8b | 3.9b | 4.4b | 5.2b | 5.2b |
Purchases of PP&E | (54.7m) | (111.6m) | (144.0m) | (231.0m) | (145.0m) | (168.0m) | (179.0m) | (218.0m) | (254.0m) |
Cash From Investing Activities | (4.7b) | (8.1b) | (5.7b) | (3.2b) | (4.2b) | (2.9b) | (4.9b) | (8.8b) | (10.6b) |
Short-term Borrowings | (50.0m) | (234.0m) | (231.0m) | (27.0m) | (113.0m) | ||||
Long-term Borrowings | (635.9m) | (361.6m) | (13.0m) | (3.6b) | (4.7b) | (3.6b) | (3.4b) | ||
Dividends Paid | (70.4m) | (109.9m) | (209.0m) | (399.0m) | (467.0m) | (515.0m) | (514.0m) | (490.0m) | (521.0m) |
Cash From Financing Activities | (7.1b) | 2.3b | 3.7b | 3.6b | 1.1b | 1.3b | 2.8b | 5.0b | 7.1b |
Net Change in Cash | (7.9b) | (2.2b) | 1.1b | 1.4b | 1.8b | ||||
Interest Paid | 1.5b | 1.3b | 1.2b | 975.0m | 933.0m | 1.1b | 1.2b | 1.4b | 1.8b |
Income Taxes Paid | 169.0m | 906.1m | 1.3b | 1.3b | 1.4b | 1.3b | 1.3b | 1.4b | 650.0m |
USD | Y, 2019 |
---|---|
EV/CFO | 10.6 x |
Financial Leverage | 9.5 x |
FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Transactions | 6.30 b | 1.48 b | 1.50 b | 1.49 b | 5.92 b | 1.33 b | 1.39 b | 1.41 b | 5.58 b | 1.37 b | 1.51 b |
Transactions' Volume | $321.74 b | $77.56 b | $78.56 b | $77.44 b | $312.40 b | $73.57 b | $76.55 b | $76.32 b | $306.58 b | $76.97 b | $83.45 b |
Total Loans | $70 b | $67.60 b | $69 b | $70.10 b | $72.40 b | $70.30 b | $71.90 b | $73.60 b | $77.30 b | $75.90 b | $78 b |
ATMs | 1.60 m | 1.80 m | 1.90 m | ||||||||
Countries | 185 | 185 | 185 | ||||||||
Licenses | 80 | 80 | 90 |