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Capital One Financial Corporation (Parent Company Only) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Capital One Financial Corporation (Parent Company Only) |
NOTE 19—CAPITAL ONE FINANCIAL CORPORATION (PARENT COMPANY ONLY)
Financial Information 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) |  | 2023 |  | 2022 |  | 2021
Interest income |  | $ | 1,715 |  |  | $ | 595 |  |  | $ | 151 |
Interest expense |  | 2,160 |  |  | 969 |  |  | 392 |
Benefit for Credit Losses |  | (1) |  |  | (1) |  |  | (1) |
Dividends from subsidiaries |  | 3,300 |  |  | 4,352 |  |  | 13,970 |
Non-interest income (loss) |  | 91 |  |  | (15) |  |  | (26) |
Non-interest expense |  | 70 |  |  | 35 |  |  | 36 |
Income before income taxes and equity in undistributed earnings of subsidiaries |  | 2,877 |  |  | 3,929 |  |  | 13,668 |
Income tax benefit |  | (73) |  |  | (181) |  |  | (82) |
Equity in undistributed earnings of subsidiaries |  | 1,937 |  |  | 3,250 |  |  | (1,360) |
Net income |  | 4,887 |  |  | 7,360 |  |  | 12,390 |
Other comprehensive income (loss), net of tax |  | 1,648 |  |  | (10,290) |  |  | (3,120) |
Comprehensive income (loss) |  | $ | 6,535 |  |  | $ | (2,930) |  |  | $ | 9,270 |
Table 19.2: Parent Company Balance Sheets
(Dollars in millions) |  | December 31, 2023 |  | December 31, 2022
Assets: |  |  |  |
Cash and cash equivalents |  | $ | 25,647 |  |  | $ | 22,006 |
Investments in subsidiaries |  | 54,324 |  |  | 50,523 |
Loans to subsidiaries |  | 6,338 |  |  | 6,710 |
Securities available for sale |  | 380 |  |  | 395 |
Other assets |  | 2,526 |  |  | 2,281 |
Total assets |  | $ | 89,215 |  |  | $ | 81,915 |
Liabilities: |  |  |  |
Senior and subordinated notes |  | $ | 30,817 |  |  | $ | 28,970 |
Accrued expenses and other liabilities |  | 309 |  |  | 363 |
Total liabilities |  | 31,126 |  |  | 29,333 |
Total stockholders’ equity |  | 58,089 |  |  | 52,582 |
Total liabilities and stockholders’ equity |  | $ | 89,215 |  |  | $ | 81,915 |
Table 19.3: Parent Company Statements of Cash Flows
|  | Year Ended December 31,
(Dollars in millions) |  | 2023 |  | 2022 |  | 2021
Operating activities: |  |  |  |  |  |
Net income |  | $ | 4,887 |  |  | $ | 7,360 |  |  | $ | 12,390 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  | (1,936) |  |  | (3,250) |  |  | 1,360 |
Other operating activities |  | 623 |  |  | (2,429) |  |  | (4,523) |
Net cash from operating activities |  | 3,574 |  |  | 1,681 |  |  | 9,227 |
Investing activities: |  |  |  |  |  |
Changes in investments in subsidiaries |  | 0 |  |  | 0 |  |  | 3,521 |
Proceeds from paydowns and maturities of securities available for sale |  | 103 |  |  | 96 |  |  | 141 |
Purchases of securities available for sale |  | (69) |  |  | (10) |  |  | — |
Changes in loans to subsidiaries |  | 371 |  |  | 1,139 |  |  | (1,925) |
Net cash from investing activities |  | 405 |  |  | 1,225 |  |  | 1,737 |
Financing activities: |  |  |  |  |  |
Borrowings: |  |  |  |  |  |
Issuance of senior and subordinated notes |  | 8,219 |  |  | 9,271 |  |  | 4,487 |
Maturities and paydowns of senior and subordinated notes |  | (6,989) |  |  | (1,250) |  |  | (2,750) |
Common stock: |  |  |  |  |  |
Net proceeds from issuances |  | 299 |  |  | 276 |  |  | 253 |
Dividends paid |  | (931) |  |  | (950) |  |  | (1,148) |
Preferred stock: |  |  |  |  |  |
Net proceeds from issuances |  | 0 |  |  | 0 |  |  | 2,052 |
Dividends paid |  | (228) |  |  | (228) |  |  | (274) |
Redemptions |  | 0 |  |  | 0 |  |  | (2,100) |
Purchases of treasury stock |  | (718) |  |  | (4,948) |  |  | (7,605) |
Proceeds from share-based payment activities |  | 10 |  |  | 19 |  |  | 55 |
Net cash from financing activities |  | (338) |  |  | 2,190 |  |  | (7,030) |
Changes in cash and cash equivalents |  | 3,641 |  |  | 5,096 |  |  | 3,934 |
Cash and cash equivalents, beginning of the period |  | 22,006 |  |  | 16,910 |  |  | 12,976 |
Cash and cash equivalents, end of the period |  | $ | 25,647 |  |  | $ | 22,006 |  |  | $ | 16,910 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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