Capital One Financial Corporation (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Disclosure [Abstract]

The following parent company only financial statements are prepared in accordance with Regulation S-X of the U.S. Securities and Exchange Commission (“SEC”).

Table 19.1: Parent Company Statements of Income


	Year Ended December 31,
(Dollars in millions)	2020		2019		2018
Interest income	$	186	$	442	$	313
Interest expense	510		798		720
Dividends from subsidiaries	3,003		3,276		2,750
Non-interest income (loss)	(127)		(21)		19
Non-interest expense	33		60		29
Income before income taxes and equity in undistributed earnings of subsidiaries	2,519		2,839		2,333
Income tax benefit	(93)		(138)		(128)
Equity in undistributed earnings of subsidiaries	102		2,569		3,554
Net income	2,714		5,546		6,015
Other comprehensive income (loss), net of tax	2,346		1,531		(136)
Comprehensive income	$	5,060	$	7,077	$	5,879

Condensed Balance Sheet

Table 19.2: Parent Company Balance Sheets


(Dollars in millions)	December 31, 2020		December 31, 2019
Assets:
Cash and cash equivalents	$	12,976	$	13,050
Investments in subsidiaries	62,066		61,626
Loans to subsidiaries	5,924		3,905
Securities available for sale	622		738
Other assets	1,473		1,017
Total assets	$	83,061	$	80,336

Liabilities:
Senior and subordinated notes	$	22,037	$	22,080

Accrued expenses and other liabilities	820		245
Total liabilities	22,857		22,325
Total stockholders’ equity	60,204		58,011
Total liabilities and stockholders’ equity	$	83,061	$	80,336

Condensed Cash Flow Statement

Table 19.3: Parent Company Statements of Cash Flows


	Year Ended December 31,
(Dollars in millions)	2020		2019		2018
Operating activities:
Net income	$	2,714	$	5,546	$	6,015
Adjustments to reconcile net income to net cash from operating activities:
Equity in undistributed earnings of subsidiaries	(102)		(2,569)		(3,554)
Other operating activities	1,217		216		(35)
Net cash from operating activities	3,829		3,193		2,426
Investing activities:
Changes in investments in subsidiaries	(217)		704		(577)
Proceeds from paydowns and maturities of securities available for sale	117		111		140
Changes in loans to subsidiaries	(2,019)		(1,302)		(2,055)
Net cash from investing activities	(2,119)		(487)		(2,492)
Financing activities:
Borrowings:
Changes in borrowings from subsidiaries	0		0		38
Issuance of senior and subordinated notes	1,991		2,646		5,227
Maturities and paydowns of senior and subordinated notes	(2,900)		(750)		0
Common stock:
Net proceeds from issuances	241		199		175
Dividends paid	(460)		(753)		(773)
Preferred stock:
Net proceeds from issuances	1,330		1,462		0
Dividends paid	(280)		(282)		(265)
Redemptions	(1,375)		(1,000)		0
Purchases of treasury stock	(393)		(1,481)		(2,284)
Proceeds from share-based payment activities	62		17		38
Net cash from financing activities	(1,784)		58		2,156
Changes in cash and cash equivalents	(74)		2,764		2,090
Cash and cash equivalents, beginning of the period	13,050		10,286		8,196
Cash and cash equivalents, end of the period	$	12,976	$	13,050	$	10,286
Supplemental information:
Non-cash impact from the dissolution of wholly-owned subsidiary
Decrease in investment in subsidiaries	$	0	$	1,508	$	0
Decrease in borrowings from subsidiaries	0		1,671		0