Capital One Financial Corporation (Parent Company Only)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Capital One Financial Corporation (Parent Company Only)

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 20.1: Parent Company Statements of Income

	Year Ended December 31,
(Dollars in millions)	2017			2016			2015
Interest income	$	178		$	120		$	120
Interest expense	381			258			185
Dividends from subsidiaries	300			3,936			450
Non-interest income (loss)	19			(13		)	10
Non-interest expense	34			48			178
Income before income taxes and equity in undistributed earnings of subsidiaries	82			3,737			217
Income tax provision (benefit)	(103		)	(79		)	(67		)
Equity in undistributed earnings of subsidiaries	1,797			(65		)	3,766
Net income	1,982			3,751			4,050
Other comprehensive income (loss), net of tax	23			(333		)	(186		)
Comprehensive income	$	2,005		$	3,418		$	3,864

Table 20.2: Parent Company Balance Sheets

	December 31,
(Dollars in millions)	2017		2016
Assets:
Cash and cash equivalents	$	8,196	$	7,296
Investments in subsidiaries	54,712		48,297
Loans to subsidiaries	548		592
Securities available for sale	907		901
Other assets	729		672
Total assets	$	65,092	$	57,758
Liabilities:
Senior and subordinated notes	$	14,392	$	8,304
Borrowings from subsidiaries	1,633		1,610
Accrued expenses and other liabilities	337		330
Total liabilities	16,362		10,244
Total stockholders’ equity	48,730		47,514
Total liabilities and stockholders’ equity	$	65,092	$	57,758

Table20.3: Parent Company Statements of Cash Flows

	Year Ended December 31,
(Dollars in millions)	2017			2016			2015
Operating activities:
Net income	$	1,982		$	3,751		$	4,050
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(1,797		)	65			(3,766		)
Other operating activities	327			(10		)	(300		)
Net cash from operating activities	512			3,806			(16		)
Investing activities:
Net payments (to) from subsidiaries	(4,956		)	(163		)	(172		)
Proceeds from paydowns and maturities of securities available for sale	130			71			65
Changes in loans to subsidiaries	44			(71		)	973
Net cash from investing activities	(4,782		)	(163		)	866
Financing activities:
Borrowings:
Changes in borrowings from subsidiaries	23			19			18
Issuance of senior and subordinated notes	6,948			1,487			2,487
Proceeds from paydowns and maturities of senior and subordinated notes	(804		)	(1,750		)	(2,625		)
Common stock:
Net proceeds from issuances	164			131			111
Dividends paid	(780		)	(812		)	(816		)
Preferred stock:
Net proceeds from issuances	0			1,066			1,472
Dividends paid	(265		)	(214		)	(158		)
Purchases of treasury stock	(240		)	(3,661		)	(2,441		)
Proceeds from share-based payment activities	124			142			85
Net cash from financing activities	5,170			(3,592		)	(1,867		)
Changes in cash and cash equivalents	900			51			(1,017		)
Cash and cash equivalents at beginning of year	7,296			7,245			8,262
Cash and cash equivalents at end of year	$	8,196		$	7,296		$	7,245