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

12 Months Ended

Dec. 31, 2021

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)	2021		2020		2019
Interest income	$	151	$	186	$	442
Interest expense	392		510		798
Benefit for Credit Losses	(1)		0		0
Dividends from subsidiaries	13,970		3,003		3,276
Non-interest income (loss)	(26)		(127)		(21)
Non-interest expense	36		33		60
Income before income taxes and equity in undistributed earnings of subsidiaries	13,668		2,519		2,839
Income tax benefit	(82)		(93)		(138)
Equity in undistributed earnings of subsidiaries	(1,360)		102		2,569
Net income	12,390		2,714		5,546
Other comprehensive income (loss), net of tax	(3,120)		2,346		1,531
Comprehensive income	$	9,270	$	5,060	$	7,077

Condensed Balance Sheet

Table 19.2: Parent Company Balance Sheets


(Dollars in millions)	December 31, 2021		December 31, 2020
Assets:
Cash and cash equivalents	$	16,910	$	12,976
Investments in subsidiaries	57,600		62,066
Loans to subsidiaries	7,849		5,924
Securities available for sale	513		622
Other assets	1,330		1,473
Total assets	$	84,202	$	83,061

Liabilities:
Senior and subordinated notes	$	23,017	$	22,037

Accrued expenses and other liabilities	156		820
Total liabilities	23,173		22,857
Total stockholders’ equity	61,029		60,204
Total liabilities and stockholders’ equity	$	84,202	$	83,061

Condensed Cash Flow Statement

Table 19.3: Parent Company Statements of Cash Flows


	Year Ended December 31,
(Dollars in millions)	2021		2020		2019
Operating activities:
Net income	$	12,390	$	2,714	$	5,546
Adjustments to reconcile net income to net cash from operating activities:
Equity in undistributed earnings of subsidiaries	1,360		(102)		(2,569)
Other operating activities	(4,523)		1,217		216
Net cash from operating activities	9,227		3,829		3,193
Investing activities:
Changes in investments in subsidiaries	3,521		(217)		704
Proceeds from paydowns and maturities of securities available for sale	141		117		111
Changes in loans to subsidiaries	(1,925)		(2,019)		(1,302)
Net cash from investing activities	1,737		(2,119)		(487)
Financing activities:
Borrowings:

Issuance of senior and subordinated notes	4,487		1,991		2,646
Maturities and paydowns of senior and subordinated notes	(2,750)		(2,900)		(750)
Common stock:
Net proceeds from issuances	253		241		199
Dividends paid	(1,148)		(460)		(753)
Preferred stock:
Net proceeds from issuances	2,052		1,330		1,462
Dividends paid	(274)		(280)		(282)
Redemptions	(2,100)		(1,375)		(1,000)
Purchases of treasury stock	(7,605)		(393)		(1,481)
Proceeds from share-based payment activities	55		62		17
Net cash from financing activities	(7,030)		(1,784)		58
Changes in cash and cash equivalents	3,934		(74)		2,764
Cash and cash equivalents, beginning of the period	12,976		13,050		10,286
Cash and cash equivalents, end of the period	$	16,910	$	12,976	$	13,050
Supplemental information:
Non-cash impact from the dissolution of wholly-owned subsidiary
Decrease in investment in subsidiaries	$	0	$	0	$	1,508
Decrease in borrowings from subsidiaries	0		0		1,671