2012 Q4 Form 10-Q Financial Statement

#000119312512459690 Filed on November 08, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $5.782B $3.835B
YoY Change 50.77%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $198.0M $178.0M
YoY Change 11.24%
% of Gross Profit
Depreciation & Amortization $605.0M $586.0M $110.0M
YoY Change 255.88% 432.73% 3.77%
% of Gross Profit
Operating Expenses $198.0M $178.0M
YoY Change 11.24%
Operating Profit
YoY Change
Interest Expense $608.0M $552.0M
YoY Change 10.14%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.367B $1.723B $1.235B
YoY Change 139.4% 39.51% 7.11%
Income Tax $544.0M $535.0M $370.0M
% Of Pretax Income 39.8% 31.05% 29.96%
Net Earnings $1.035B $1.178B $813.0M
YoY Change 154.3% 44.9% 1.25%
Net Earnings / Revenue 20.37% 21.2%
Basic Earnings Per Share $2.03 $1.78
Diluted Earnings Per Share $1.903M $2.01 $1.77
COMMON SHARES
Basic Shares Outstanding 581.7M shares 578.3M shares 456.0M shares
Diluted Shares Outstanding 584.1M shares 460.0M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments $63.99B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $3.587B $3.519B $2.785B
YoY Change 30.53% 26.36% 2.31%
Goodwill $13.90B $13.90B
YoY Change 2.3%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $312.9B $302.0B $200.1B
YoY Change 51.89% 50.88% 1.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $450.0M $368.0M $401.0M
YoY Change -3.43% -8.23% -13.58%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $21.15B $9.252B $1.441B
YoY Change 189.74% 542.05% 52.16%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $450.0M $368.0M $401.0M
YoY Change -3.43% -8.23% -13.58%
LONG-TERM LIABILITIES
Long-Term Debt $24.08B $37.41B $32.87B
YoY Change -36.78% 13.8% -24.23%
Other Long-Term Liabilities $9.574B $10.32B $7.736B
YoY Change 18.2% 33.36% 12.72%
Total Long-Term Liabilities $33.66B $47.73B $40.61B
YoY Change -27.14% 17.53% -19.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $450.0M $368.0M $401.0M
Total Long-Term Liabilities $33.66B $47.73B $40.61B
Total Liabilities $272.4B $262.3B $170.8B
YoY Change 54.47% 53.61% -0.06%
SHAREHOLDERS EQUITY
Retained Earnings $16.85B $16.05B
YoY Change 25.19%
Common Stock $26.19B $25.27B
YoY Change 35.87%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.287B $3.287B
YoY Change 1.33%
Treasury Stock Shares 49.60M shares 49.59M shares
Shareholders Equity $40.43B $39.70B $29.38B
YoY Change
Total Liabilities & Shareholders Equity $312.9B $302.0B $200.1B
YoY Change 51.89% 50.88% 1.63%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $1.035B $1.178B $813.0M
YoY Change 154.3% 44.9% 1.25%
Depreciation, Depletion And Amortization $605.0M $586.0M $110.0M
YoY Change 255.88% 432.73% 3.77%
Cash From Operating Activities $505.0M $4.988B $1.555B
YoY Change -67.19% 220.77% -51.54%
INVESTING ACTIVITIES
Capital Expenditures -$201.0M -$97.00M -$110.0M
YoY Change 336.96% -11.82% 46.67%
Acquisitions
YoY Change
Other Investing Activities -$6.555B -$7.582B -$262.0M
YoY Change -8.55% 2793.89% -41.39%
Cash From Investing Activities -$6.756B -$7.679B -$372.0M
YoY Change -6.35% 1964.25% -28.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.34B 2.681B -1.468B
YoY Change 119.98% -282.63% -50.14%
NET CHANGE
Cash From Operating Activities 505.0M 4.988B 1.555B
Cash From Investing Activities -6.756B -7.679B -372.0M
Cash From Financing Activities 11.34B 2.681B -1.468B
Net Change In Cash 5.089B -10.00M -285.0M
YoY Change -1078.65% -96.49% 10.89%
FREE CASH FLOW
Cash From Operating Activities $505.0M $4.988B $1.555B
Capital Expenditures -$201.0M -$97.00M -$110.0M
Free Cash Flow $706.0M $5.085B $1.665B
YoY Change -55.46% 205.41% -49.3%

Facts In Submission

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CY2012Q3 cof Held For Investment Loans By Impairment Methodology Collectively Evaluated For Impairment
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CY2012Q3 cof Held For Investment Loans By Impairment Methodology Individually Evaluated For Impairment
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CY2012Q3 cof Held For Investment Loans Purchased Credit Impaired
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CY2012Q3 cof Indemnification Guarantees Fair Value Disclosure
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CY2012Q3 cof Investment Securities Portfolio Percentage Invested Us Treasury And Agency Securities
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CY2012Q3 cof Investments In Non Agency Cmo Non Agency Residential Mbs And Asset Backed Securities
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CY2012Q3 cof Letters Of Credit Expected Residual Balance
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CY2012Q3 cof Letters Of Credit Funded Amount
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CY2012Q3 cof Loans Acquired In Transfer Carrying Amount Net
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CY2012Q3 cof Loans And Leases Receivable Consumer Revolving And Installment Credit Card Domestic
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CY2012Q3 cof Loans And Leases Receivable Consumer Revolving And Installment Credit Card International
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CY2012Q3 cof Loans And Leases Receivable Consumer Revolving Credit Card Domestic
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CY2012Q3 cof Loans And Leases Receivable Consumer Revolving Credit Card International
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CY2012Q3 us-gaap Finite Lived Intangible Assets Net
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CY2012Q3 cof Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Tax
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CY2012Q3 cof Accumulated Other Comprehensive Income Loss Adjustment Net Of Tax
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CY2012Q3 cof Accumulated Other Comprehensive Income Loss Cumulative Changes Other Than Temporary Impairment Net Of Tax
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CY2012Q3 cof Active Loan Losses Amount
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CY2012Q3 cof Allowance For Credit Losses By Impairment Methodology Collectively Evaluated For Impairment
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CY2012Q3 cof Allowance For Credit Losses By Impairment Methodology Individually Evaluated For Impairment
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CY2012Q3 cof Amount Of Ninety Plus Day Performing Delinquencies
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CY2012Q3 cof Amount Of Thirty Plus Day Performing Delinquencies
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CY2012Q3 cof Amount Of Thirty Plus Day Performing Delinquencies Consumer Banking
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CY2012Q3 cof Auto Loans
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CY2012Q3 cof Available For Sale Securities Cumulative Other Than Temporary Impairments Credit Component With Portion Previously Recognized In Other Comprehensive Income
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CY2012Q3 cof Available For Sale Securities Debt Contracted Maturities After Five Through Ten Years Amortized Cost
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CY2012Q3 cof Available For Sale Securities Debt Contracted Maturities After Five Through Ten Years Fair Value
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CY2012Q3 cof Available For Sale Securities Debt Contracted Maturities After One Through Five Years Amortized Cost
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CY2012Q3 cof Available For Sale Securities Debt Contracted Maturities After Ten Years Amortized Cost
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CY2012Q3 cof Available For Sale Securities Debt Contracted Maturities Within One Year Amortized Cost
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CY2012Q3 cof Available For Sale Securities Expected Debt Maturities Five To Ten Years Weighted Average Yield Fair Value
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CY2012Q3 cof Available For Sale Securities Expected Debt Maturities One To Five Years Weighted Average Yield Fair Value
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CY2012Q3 cof Available For Sale Securities Expected Debt Maturities Over Ten Years Weighted Average Yield Fair Value
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CY2012Q3 cof Available For Sale Securities Expected Debt Maturities Weighted Average Yield Fair Value
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CY2012Q3 cof Available For Sale Securities Expected Debt Maturities Within One Year Weighted Average Yield Fair Value
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CY2012Q3 cof Available Unused Credit Card Lines
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CY2012Q3 cof Balance Of Affordable Housing Entities Assets And Liabilities Unconsolidated
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CY2012Q3 cof Certain Loans Acquired In Transfer Accounted For As Available For Sale Debt Securities Acquired During Period At Acquisition At Estimated Fair Value
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CY2012Q3 cof Construction And Land Development Loans
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CY2012Q3 cof Contractual Amounts Of Standby And Commercial Letters Of Credit
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CY2012Q3 cof Contractual Maturities For Investments With No Stated Maturities
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CY2012Q3 cof Loans And Leases Receivable Total Commercial Lending
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CY2012Q3 cof Loans Held For Investment
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CY2012Q3 cof Minimum Number Of Days Past Due For Delinquent Loan Status
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CY2012Q3 cof Mortgage Loans
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CY2012Q3 cof Number Of Individual Securities That Account For Gross Unrealized Losses
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CY2012Q3 cof Number Of Subsidiaries Acquired That Originated Residential Mortgage Loans
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CY2012Q3 cof Number Of Years After Filing Shelf Registration Statement Expires
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CY2012Q3 cof Original Principal Balance Of Mortgage Loans Originated And Sold By Subsidiaries Between Two Thousand Five And Two Thousand Eight Estimated Unpaid Outstanding
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CY2012Q3 cof Original Principal Balance Of Mortgage Loans Originated And Sold By Subsidiaries Between Two Thousand Five And Two Thousand Eight Into Active Insured Securitizations
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CY2012Q3 cof Original Principal Balance Of Mortgage Loans Originated And Sold By Subsidiaries Between Two Thousand Five And Two Thousand Eight Into Uninsured Securitizations
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CY2012Q3 cof Original Principal Balance Of Mortgage Loans Originated And Sold By Subsidiaries Between Two Thousand Five And Two Thousand Eight To Private Investors
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CY2012Q3 cof Original Principal Balance Of Mortgage Loans Originated And Sold To Non Affiliates By Subsidiaries Between Two Thousand Five And Two Thousand Eight
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CY2012Q3 cof Original Principal Balance Of Mortgage Loans Originated And Sold To Non Affiliates By Subsidiaries During Two Thousand Eight
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CY2012Q3 cof Original Principal Balance Of Mortgage Loans Originated And Sold To Non Affiliates By Subsidiaries During Two Thousand Five
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CY2012Q3 cof Original Principal Balance Of Mortgage Loans Originated And Sold To Non Affiliates By Subsidiaries During Two Thousand Seven
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CY2012Q3 cof Original Principal Balance Of Mortgage Loans Originated And Sold To Non Affiliates By Subsidiaries During Two Thousand Six
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CY2012Q3 cof Other Long Term Borrowings
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CY2012Q3 cof Other Vie Assets Held In Trust
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CY2012Q3 cof Outstanding Unfunded Commitments To Extend Credit Other Than Credit Card Lines
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17200000000
CY2012Q3 cof Pending Claims Amount
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CY2012Q3 cof Percentage Of Ninety Plus Day Performing Delinquencies
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CY2012Q3 cof Percentage Of Ninety Plus Day Performing Delinquencies Consumer Banking
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CY2012Q3 cof Percentage Of Nonperforming Loans Consumer Banking
PercentageOfNonperformingLoansConsumerBanking
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CY2012Q3 cof Percentage Of Thirty Plus Day Performing Delinquencies
PercentageOfThirtyPlusDayPerformingDelinquencies
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CY2012Q3 cof Percentage Of Thirty Plus Day Performing Delinquencies Consumer Banking
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CY2012Q3 cof Percentage Of Total Commercial
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CY2012Q3 cof Percentage Of Total Commercial And Multifamily Real Estate
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1.000 pure
CY2012Q3 cof Percentage Of Total Consumer Banking
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1.000 pure
CY2012Q3 cof Percentage Of Total Credit Card
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1.000 pure
CY2012Q3 cof Percentage Of Total Mortgage By Vintage Geography Lien Priority And Interest Rate Type
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1.000 pure
CY2012Q3 cof Percentage Of Total Small Ticket Commercial Real Estate
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CY2012Q3 cof Percent Of Total Unrealized Losses Related To Non Agency Cmo Non Agency Residential Mbs And Asset Backed Securities
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CY2012Q3 cof Principal Balance Of Manufactured Housing Securitizations Interests Continued To Be Held By Transferor
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CY2012Q3 cof Rebalanced Hedge With Additional Notional Principal
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CY2012Q3 cof Remaining Gross Unrealized Losses Related To All Other Securities
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CY2012Q3 cof Reserve For Unfunded Loan Commitments And Letters Of Credit
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CY2012Q3 cof Restricted Cash For Securitization Investors
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CY2012Q3 cof Restricted Loans For Securitization Investors
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CY2012Q3 cof Retail Banking
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CY2012Q3 cof Securitized Debt Obligations Liability
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CY2012Q3 cof Securitized Debt Obligations Liability Long Term
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CY2012Q3 cof Senior And Subordinated Global Bank Notes Outstanding
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CY2012Q3 cof Senior And Subordinated Notes
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CY2012Q3 cof Senior And Subordinated Notes Total
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CY2012Q3 cof Total Other Debt
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CY2012Q3 cof Unfunded Commitment On Residual Interests On Trusts
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CY2012Q3 cof Unsecured Loans Held For Investment At Amortized Cost
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CY2012Q3 cof Valuation Adjustment On Derivative Assets And Liabilities Net
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CY2012Q3 cof Value Of Assumed Loans Receivable Upon Default Manufactured Housing Securitizations Interests Continued To Be Held By Transferor
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CY2012Q3 cof Accretable Yield
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CY2012Q3 cof Common Membership Interest
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CY2012Q3 cof Accumulated Other Comprehensive Income Loss Other Adjustment Net Of Tax
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CY2011Q1 cof Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Tax
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CY2011Q1 cof Available For Sale Securities Cumulative Other Than Temporary Impairments Credit Component With Portion Previously Recognized In Other Comprehensive Income
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CY2011Q1 cof Pending Claims Amount
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CY2011Q1 cof Accretable Yield
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CY2011Q4 invest Derivative Notional Amount
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CY2011Q4 us-gaap Common Stock Shares Authorized
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CY2011Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
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CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2011Q4 us-gaap Loans And Leases Receivable Allowance
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CY2011Q4 us-gaap Preferred Stock Shares Authorized
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CY2011Q4 us-gaap Advances From Federal Home Loan Banks
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CY2011Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
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CY2011Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2011Q4 us-gaap Maximum Potential Future Exposure On Credit Risk Derivatives
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CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2011Q4 us-gaap Intangible Assets Net Including Goodwill
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CY2011Q4 us-gaap Retained Interest Fair Value Disclosure
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CY2011Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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CY2011Q4 us-gaap Time Deposits100000 Or More
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CY2011Q4 us-gaap Federal Home Loan Bank Advances Short Term
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CY2011Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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CY2011Q4 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
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CY2011Q4 us-gaap Guarantees Fair Value Disclosure
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CY2011Q4 us-gaap Available For Sale Securities Restricted
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CY2011Q4 us-gaap Liabilities
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CY2011Q4 us-gaap Loans And Leases Receivable Consumer Revolving Credit Card
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CY2011Q4 us-gaap Servicing Asset At Fair Value Amount
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CY2011Q4 us-gaap Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2
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CY2011Q4 us-gaap Junior Subordinated Notes
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CY2011Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2011Q4 us-gaap Federal Funds Sold And Securities Purchased Under Agreements To Resell
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CY2011Q4 us-gaap Treasury Stock Value
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CY2011Q4 us-gaap Preferred Stock Shares Issued
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CY2011Q4 us-gaap Preferred Stock Value
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CY2011Q4 us-gaap Commitments And Contingencies
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CY2011Q4 us-gaap Liabilities Fair Value Disclosure
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77000000
CY2012Q3 cof Unrealized Gain Loss On Cash Flow Hedges Pretax Accumulated Other Comprehensive Income
UnrealizedGainLossOnCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncome
53000000
CY2012Q3 cof Unrealized Gain Loss On Interest Rate Contract Cash Flow Hedges Pretax Accumulated Other Comprehensive Income
UnrealizedGainLossOnInterestRateContractCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncome
60000000
CY2012Q3 cof Merger Related Cost
MergerRelatedCost
48000000
CY2012Q3 cof Other Comprehensive Income Other Than Temporary Impairment Not Recognized In Earnings On Securities Available For Sale Arising During Period Tax
OtherComprehensiveIncomeOtherThanTemporaryImpairmentNotRecognizedInEarningsOnSecuritiesAvailableForSaleArisingDuringPeriodTax
-28000000
CY2012Q3 cof Other Comprehensive Income Loss Other Adjustments Tax
OtherComprehensiveIncomeLossOtherAdjustmentsTax
-5000000
CY2012Q3 cof Non Interest Income Expense Net
NonInterestIncomeExpenseNet
1136000000
CY2012Q3 cof Other Comprehensive Income Loss Other Adjustment Net Of Tax
OtherComprehensiveIncomeLossOtherAdjustmentNetOfTax
-18000000
CY2012Q3 cof Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Adjustment To Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdjustmentToYield
1200000000
CY2012Q3 cof Other Comprehensive Income Loss Other Adjustments Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossOtherAdjustmentsBeforeTaxPortionAttributableToParent
-23000000

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