2013 Q2 Form 10-Q Financial Statement

#000139361213000030 Filed on July 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $1.727B $1.656B
YoY Change 4.29% 5.28%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $85.00M $71.00M
YoY Change 19.72% 6.63%
% of Gross Profit
Depreciation & Amortization $31.00M $23.60M
YoY Change 31.36% 7.27%
% of Gross Profit
Operating Expenses $85.00M $71.00M
YoY Change 19.72% 6.63%
Operating Profit
YoY Change
Interest Expense $297.0M $341.0M
YoY Change -12.9% -10.26%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $981.0M $867.0M
YoY Change 13.15% -6.37%
Income Tax $379.0M $330.0M
% Of Pretax Income 38.63% 38.06%
Net Earnings $602.0M $537.0M
YoY Change 12.1% -10.5%
Net Earnings / Revenue 34.86% 32.43%
Basic Earnings Per Share $1.20 $1.01
Diluted Earnings Per Share $1.20 $1.00
COMMON SHARES
Basic Shares Outstanding 489.0M shares 523.0M shares
Diluted Shares Outstanding 490.0M shares 524.0M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.69B $12.72B
YoY Change -16.0% 36.36%
Cash & Equivalents $5.744B $6.071B
Short-Term Investments $4.943B $6.652B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $607.0M $492.4M
YoY Change 23.26% 4.53%
Goodwill $284.0M $255.4M
YoY Change 11.19% 0.0%
Intangibles $191.0M $184.5M
YoY Change 3.52% -3.55%
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 $74.94B $72.08B
YoY Change 3.97% 13.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.633B $2.609B
YoY Change 39.25% -1.81%
Deferred Revenue
YoY Change
Short-Term Debt $262.0M $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.633B $2.609B
YoY Change 39.25% -1.81%
LONG-TERM LIABILITIES
Long-Term Debt $18.03B $19.02B
YoY Change -5.21% 6.05%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $18.03B $19.02B
YoY Change -5.21% 6.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.633B $2.609B
Total Long-Term Liabilities $18.03B $19.02B
Total Liabilities $64.50B $63.18B
YoY Change 2.08% 13.0%
SHAREHOLDERS EQUITY
Retained Earnings $8.629B $6.303B
YoY Change 36.89% 51.98%
Common Stock $5.000M $5.523M
YoY Change -9.47% 0.71%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.289B $924.2M
YoY Change 147.67% 2702.28%
Treasury Stock Shares 69.45M shares 35.05M shares
Shareholders Equity $10.45B $8.940B
YoY Change
Total Liabilities & Shareholders Equity $74.94B $72.08B
YoY Change 3.97% 13.63%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $602.0M $537.0M
YoY Change 12.1% -10.5%
Depreciation, Depletion And Amortization $31.00M $23.60M
YoY Change 31.36% 7.27%
Cash From Operating Activities $595.0M $492.1M
YoY Change 20.91% -48.78%
INVESTING ACTIVITIES
Capital Expenditures -$58.00M -$29.60M
YoY Change 95.95% -13.7%
Acquisitions
YoY Change
Other Investing Activities -$1.335B -$2.823B
YoY Change -52.71% 78.03%
Cash From Investing Activities -$1.393B -$2.853B
YoY Change -51.17% 76.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.525B 1.157B
YoY Change -231.76% -256.55%
NET CHANGE
Cash From Operating Activities 595.0M 492.1M
Cash From Investing Activities -1.393B -2.853B
Cash From Financing Activities -1.525B 1.157B
Net Change In Cash -2.323B -1.203B
YoY Change 93.1% -13.97%
FREE CASH FLOW
Cash From Operating Activities $595.0M $492.1M
Capital Expenditures -$58.00M -$29.60M
Free Cash Flow $653.0M $521.7M
YoY Change 25.17% -47.57%

Facts In Submission

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us-gaap Fees And Commissions Credit Cards
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us-gaap Fees And Commissions Other
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us-gaap Fees And Commissions Other
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CY2012Q2 us-gaap Fees And Commissions Other
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us-gaap Financing Receivable Allowance For Credit Losses Recovery
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us-gaap Financing Receivable Allowance For Credit Losses Recovery
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CY2012Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2013Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2012Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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423000000 USD
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CY2012Q4 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
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478000000 USD
CY2013Q2 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
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419000000 USD
CY2013Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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192000000 USD
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us-gaap Gain Loss On Investments
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us-gaap Gain Loss On Investments
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CY2013Q2 us-gaap Gain Loss On Investments
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us-gaap Gain Loss On Sale Of Loans And Leases
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us-gaap Gain Loss On Sale Of Loans And Leases
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CY2012Q2 us-gaap Gain Loss On Sale Of Mortgage Loans
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us-gaap Gain Loss On Sale Of Mortgage Loans
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us-gaap Gain Loss On Sale Of Mortgage Loans
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CY2013Q2 us-gaap Goodwill
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CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
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68000000 USD
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CY2013Q2 us-gaap Held To Maturity Securities Debt Maturities Net Carrying Amount
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CY2013Q2 us-gaap Held To Maturity Securities Unrecognized Holding Loss
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
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CY2012Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Taxes Paid Net
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us-gaap Increase Decrease In Deposits
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us-gaap Increase Decrease In Deposits
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us-gaap Increase Decrease In Restricted Cash
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247000000 USD
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us-gaap Interest And Dividend Income Securities
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CY2013Q2 us-gaap Interest Expense Deposits
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us-gaap Interest Expense Deposits
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370000000 USD
us-gaap Interest Expense Deposits
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us-gaap Interest Expense Short Term Borrowings
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us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense Net
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CY2012Q2 us-gaap Interest Income Expense Net
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us-gaap Interest Income Expense Net
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CY2013Q2 us-gaap Labor And Related Expense
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us-gaap Labor And Related Expense
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CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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4290000000 USD
CY2013Q2 us-gaap Marketable Securities
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CY2012Q4 us-gaap Marketable Securities
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CY2013Q2 us-gaap Marketing And Advertising Expense
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us-gaap Marketing And Advertising Expense
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354000000 USD
CY2012Q2 us-gaap Marketing And Advertising Expense
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121000000 USD
us-gaap Marketing And Advertising Expense
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249000000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2012Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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592000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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525000000 USD
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CY2012Q4 us-gaap Noninterest Bearing Deposit Liabilities Domestic
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820000000 USD
us-gaap Noninterest Expense
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us-gaap Noninterest Expense
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1430000000 USD
CY2012Q2 us-gaap Noninterest Expense
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CY2012Q2 us-gaap Noninterest Income
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us-gaap Noninterest Income
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1193000000 USD
CY2013Q2 us-gaap Noninterest Income
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us-gaap Noninterest Income
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us-gaap Noninterest Income Other
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CY2013Q2 us-gaap Noninterest Income Other
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41000000 USD
us-gaap Noninterest Income Other
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us-gaap Number Of Reportable Segments
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CY2012Q2 us-gaap Occupancy Net
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us-gaap Occupancy Net
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us-gaap Occupancy Net
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CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due Current
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CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2012Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2012Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2012Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2012Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2012Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
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CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
24000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
12000000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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-51000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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7000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-42000000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-31000000 USD
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
15000000 USD
us-gaap Other Depreciation And Amortization
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82000000 USD
us-gaap Other Depreciation And Amortization
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107000000 USD
CY2013Q2 us-gaap Other Interest And Dividend Income
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4000000 USD
CY2012Q2 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
4000000 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
8000000 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
7000000 USD
CY2012Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
186000000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
237000000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
290000000 USD
CY2013Q2 us-gaap Other Noninterest Expense
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144000000 USD
CY2013Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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0 USD
CY2012Q2 us-gaap Participating Securities Distributed And Undistributed Earnings
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5000000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings
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9000000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings
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11000000 USD
CY2013Q2 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
4000000 USD
us-gaap Proceeds From Sale Of Loans Receivable
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0 USD
us-gaap Proceeds From Sale Of Other Investments
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0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
98000000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
2445000000 USD
us-gaap Payments For Proceeds From Loans Receivable
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us-gaap Payments For Proceeds From Loans Receivable
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
540000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
601000000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
187000000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
107000000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
89000000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
1319000000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1000000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1000000 USD
us-gaap Payments To Acquire Loans Receivable
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261000000 USD
us-gaap Payments To Acquire Loans Receivable
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136000000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
53000000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
20000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
117000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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63000000 USD
CY2012Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
575000000 USD
CY2013Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
575000000 USD
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2013Q2 us-gaap Preferred Stock Shares Issued
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575000 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
575000 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
575000 shares
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
575000 shares
CY2013Q2 us-gaap Preferred Stock Value
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560000000 USD
CY2012Q4 us-gaap Preferred Stock Value
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560000000 USD
us-gaap Proceeds From Issuance Of Common Stock
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15000000 USD
us-gaap Proceeds From Issuance Of Common Stock
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7000000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
750000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
3449000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
2700000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
578000000 USD
CY2013Q2 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
269000000 USD
CY2012Q2 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
588000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1000000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
17000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
4000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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96000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1280000000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1025000000 USD
us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
268000000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
2618000000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
0 USD
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
0 USD
us-gaap Professional Fees
ProfessionalFees
205000000 USD
CY2013Q2 us-gaap Professional Fees
ProfessionalFees
101000000 USD
CY2012Q2 us-gaap Professional Fees
ProfessionalFees
108000000 USD
us-gaap Professional Fees
ProfessionalFees
212000000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
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538000000 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
607000000 USD
us-gaap Provision For Loan Losses Expensed
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399000000 USD
CY2013Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
240000000 USD
CY2012Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
262000000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
346000000 USD
us-gaap Recognition Of Deferred Revenue
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101000000 USD
us-gaap Recognition Of Deferred Revenue
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94000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5000000 USD
us-gaap Repayments Of Long Term Debt
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0 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3103000000 USD
us-gaap Repayments Of Secured Debt
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2241000000 USD
CY2013Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
537000000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
290000000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7472000000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8629000000 USD
us-gaap Share Based Compensation
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21000000 USD
us-gaap Share Based Compensation
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31000000 USD
CY2013Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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112000000 USD
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
2000000 USD
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
1000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
44000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
50000000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
9873000000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
10448000000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
8358000000 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
8940000000 USD
CY2013Q2 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
2015000000 USD
CY2013Q2 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
1952000000 USD
CY2013Q2 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
2715000000 USD
CY2013Q2 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
7244000000 USD
CY2013Q2 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
4871000000 USD
CY2013Q2 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
9047000000 USD
CY2012Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
21070000000 USD
CY2013Q2 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
20941000000 USD
CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
69449866 shares
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
55489104 shares
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1690000000 USD
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2289000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
599000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
540000000 USD
us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and related disclosures. These estimates are based on information available as of the date of the condensed consolidated financial statements. The Company believes that the estimates used in the preparation of the condensed consolidated financial statements are reasonable. Actual results could differ from these estimates.</font></div></div>
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
494000000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
524000000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
490000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
528000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
492000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
527000000 shares
dfs Business Combination Contingent Consideration Arrangement Settlement Amount Fair Value
BusinessCombinationContingentConsiderationArrangementSettlementAmountFairValue
9000000 USD
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
489000000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
523000000 shares
CY2013Q2 us-gaap Weighted Average Rate Domestic Deposit
WeightedAverageRateDomesticDeposit
0.0170
CY2012Q4 us-gaap Weighted Average Rate Domestic Deposit
WeightedAverageRateDomesticDeposit
0.0174
CY2013Q2 dfs Aggregate Unpaid Principal Loans Held For Sale Fair Value Option
AggregateUnpaidPrincipalLoansHeldForSaleFairValueOption
276000000 USD
CY2012Q4 dfs Aggregate Unpaid Principal Loans Held For Sale Fair Value Option
AggregateUnpaidPrincipalLoansHeldForSaleFairValueOption
337000000 USD
dfs Assumption Of Debt By Buyer
AssumptionOfDebtByBuyer
425000000 USD
dfs Assumption Of Debt By Buyer
AssumptionOfDebtByBuyer
0 USD
dfs Average Excess Spread Rate Calculation Period
AverageExcessSpreadRateCalculationPeriod
P3M
dfs Bankruptcy And Probate Charge Off Period
BankruptcyAndProbateChargeOffPeriod
P60D
dfs Business Combination Contingent Consideration Arrangement Settlement Amount Fair Value
BusinessCombinationContingentConsiderationArrangementSettlementAmountFairValue
0 USD
dfs Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
19000000 USD
dfs Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
-113000000 USD
CY2012Q2 dfs Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
-27000000 USD
CY2013Q2 dfs Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
0 USD
dfs Charge Offs Net
ChargeOffsNet
693000000 USD
CY2012Q2 dfs Charge Offs Net
ChargeOffsNet
335000000 USD
CY2013Q2 dfs Charge Offs Net
ChargeOffsNet
318000000 USD
dfs Charge Offs Net
ChargeOffsNet
631000000 USD
dfs Closed End Consumer Loan Charge Off Period
ClosedEndConsumerLoanChargeOffPeriod
P120D
dfs Closed End Loan Receivables Charge Offs Period
ClosedEndLoanReceivablesChargeOffsPeriod
P120D
dfs Credit Card Charge Off Period
CreditCardChargeOffPeriod
P180D
CY2012Q4 dfs Derivative Fair Value Of Derivative Net Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeNetAssetAmountOffsetAgainstCollateral
5000000 USD
CY2013Q2 dfs Derivative Fair Value Of Derivative Net Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeNetAssetAmountOffsetAgainstCollateral
13000000 USD
CY2012Q2 dfs Discount And Interchange Revenue
DiscountAndInterchangeRevenue
273000000 USD
dfs Discount And Interchange Revenue
DiscountAndInterchangeRevenue
571000000 USD
CY2013Q2 dfs Discount And Interchange Revenue
DiscountAndInterchangeRevenue
308000000 USD
dfs Discount And Interchange Revenue
DiscountAndInterchangeRevenue
513000000 USD
dfs Excess Of Total Investors Interests
ExcessOfTotalInvestorsInterests
0.07
dfs Excess Spread Rate Minimum
ExcessSpreadRateMinimum
0.00
dfs Excess Spread Rate Trigger
ExcessSpreadRateTrigger
0.045
CY2012Q4 dfs Fair Value Loans Held For Sale Fair Value Option
FairValueLoansHeldForSaleFairValueOption
355000000 USD
CY2013Q2 dfs Fair Value Loans Held For Sale Fair Value Option
FairValueLoansHeldForSaleFairValueOption
275000000 USD
dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
36000000 USD
CY2013Q2 dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
14000000 USD
dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
30000000 USD
CY2012Q2 dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
17000000 USD
CY2013Q2 dfs Finance Receivable Net Charge Off Rate For Pci Student Loans
FinanceReceivableNetChargeOffRateForPciStudentLoans
0.0145
dfs Finance Receivable Net Charge Off Rate For Pci Student Loans
FinanceReceivableNetChargeOffRateForPciStudentLoans
0.0144
dfs Finance Receivable Net Charge Off Rate For Pci Student Loans
FinanceReceivableNetChargeOffRateForPciStudentLoans
0.0138
CY2012Q2 dfs Finance Receivable Net Charge Off Rate For Pci Student Loans
FinanceReceivableNetChargeOffRateForPciStudentLoans
0.0146
CY2012Q4 dfs Financing Receivable Recorded Investment30 To89 Days Past Due
FinancingReceivableRecordedInvestment30To89DaysPastDue
503000000 USD
CY2013Q2 dfs Financing Receivable Recorded Investment30 To89 Days Past Due
FinancingReceivableRecordedInvestment30To89DaysPastDue
442000000 USD
dfs Increasing Funding Requirements
IncreasingFundingRequirements
0.00
dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
186000000 USD
dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
147000000 USD
CY2013Q2 dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
70000000 USD
CY2012Q2 dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
87000000 USD
CY2013Q2 dfs Interest And Fees Forgiven Due To Loan Modification Program
InterestAndFeesForgivenDueToLoanModificationProgram
9000000 USD
dfs Interest And Fees Forgiven Due To Loan Modification Program
InterestAndFeesForgivenDueToLoanModificationProgram
20000000 USD
dfs Interest And Fees Forgiven Due To Loan Modification Program
InterestAndFeesForgivenDueToLoanModificationProgram
23000000 USD
CY2012Q2 dfs Interest And Fees Forgiven Due To Loan Modification Program
InterestAndFeesForgivenDueToLoanModificationProgram
11000000 USD
CY2013Q2 dfs Investors Interests
InvestorsInterests
18269000000 USD
CY2012Q2 dfs Litigation Expense Excluding Legal Service Provider
LitigationExpenseExcludingLegalServiceProvider
91000000 USD
dfs Litigation Expense Excluding Legal Service Provider
LitigationExpenseExcludingLegalServiceProvider
116000000 USD
CY2012Q4 dfs Loans Held For Sale Mortgages Percent
LoansHeldForSaleMortgagesPercent
1.0000
dfs Loans Held For Sale Mortgages Percent
LoansHeldForSaleMortgagesPercent
1.0000
dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSold
2515000000 USD
CY2013Q2 dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSold
1317000000 USD
dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSold
USD
CY2012Q2 dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSold
USD
dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold Percent
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSoldPercent
1.0000
CY2013Q2 dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold Percent
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSoldPercent
1.0000
CY2012Q2 dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold Percent
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSoldPercent
dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold Percent
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSoldPercent
dfs Net Income Loss Allocated To Common Stockholders
NetIncomeLossAllocatedToCommonStockholders
1164000000 USD
CY2012Q2 dfs Net Income Loss Allocated To Common Stockholders
NetIncomeLossAllocatedToCommonStockholders
520000000 USD
CY2013Q2 dfs Net Income Loss Allocated To Common Stockholders
NetIncomeLossAllocatedToCommonStockholders
588000000 USD
dfs Net Income Loss Allocated To Common Stockholders
NetIncomeLossAllocatedToCommonStockholders
1247000000 USD
CY2013Q2 dfs Number Of Series Outstanding
NumberOfSeriesOutstanding
39 series
dfs Open End Loan Receivables Charge Off Period
OpenEndLoanReceivablesChargeOffPeriod
P180D
CY2013Q2 dfs Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-21000000 USD
dfs Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-31000000 USD
CY2012Q4 dfs Pci Loans30 Days Or More Delinquency Rate
PciLoans30DaysOrMoreDelinquencyRate
0.0268
CY2013Q2 dfs Pci Loans30 Days Or More Delinquency Rate
PciLoans30DaysOrMoreDelinquencyRate
0.0216
CY2012Q4 dfs Pci Loans90 Days Or More Delinquency Rate
PciLoans90DaysOrMoreDelinquencyRate
0.0086
CY2013Q2 dfs Pci Loans90 Days Or More Delinquency Rate
PciLoans90DaysOrMoreDelinquencyRate
0.0074
dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.43
CY2012Q2 dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.44
dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.46
CY2013Q2 dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.47
dfs Period Within Which Resolution Of Tax Appeal Reasonably Possible
PeriodWithinWhichResolutionOfTaxAppealReasonablyPossible
P12M
dfs Premium Paid On Debt Exchange
PremiumPaidOnDebtExchange
0 USD
dfs Premium Paid On Debt Exchange
PremiumPaidOnDebtExchange
114000000 USD
CY2012Q4 dfs Principal Balance On Acquired Private Student Loans
PrincipalBalanceOnAcquiredPrivateStudentLoans
5200000000 USD
CY2013Q2 dfs Principal Balance On Acquired Private Student Loans
PrincipalBalanceOnAcquiredPrivateStudentLoans
4900000000 USD
CY2012Q4 dfs Private Student Loans In Forbearance As Percentage Of Student Loans
PrivateStudentLoansInForbearanceAsPercentageOfStudentLoans
0.034
CY2013Q2 dfs Private Student Loans In Forbearance As Percentage Of Student Loans
PrivateStudentLoansInForbearanceAsPercentageOfStudentLoans
0.021
dfs Purchase Of Net Assets Of Business
PurchaseOfNetAssetsOfBusiness
0 USD
dfs Purchase Of Net Assets Of Business
PurchaseOfNetAssetsOfBusiness
49000000 USD
CY2013Q2 dfs Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
2000000 USD
dfs Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
4000000 USD
CY2013Q2 dfs Settlement Withholdings And Escrow Deposits
SettlementWithholdingsAndEscrowDeposits
27000000 USD
CY2012Q4 dfs Settlement Withholdings And Escrow Deposits
SettlementWithholdingsAndEscrowDeposits
25000000 USD
dfs Student Loan Forbearance Lifetime Cap
StudentLoanForbearanceLifetimeCap
P12M
CY2012Q4 dfs Student Loans In Forbearance
StudentLoansInForbearance
183000000 USD
CY2013Q2 dfs Student Loans In Forbearance
StudentLoansInForbearance
118000000 USD
CY2013Q2 dfs Time Deposits From One Hundred Thousand Dollars To Less Than Two Hundred And Fifty Thousand Dollars
TimeDepositsFromOneHundredThousandDollarsToLessThanTwoHundredAndFiftyThousandDollars
5566000000 USD
CY2012Q4 dfs Time Deposits From One Hundred Thousand Dollars To Less Than Two Hundred And Fifty Thousand Dollars
TimeDepositsFromOneHundredThousandDollarsToLessThanTwoHundredAndFiftyThousandDollars
5508000000 USD
CY2012Q4 dfs Time Deposits Two Hundred And Fifty Thousand Dollars Or Greater
TimeDepositsTwoHundredAndFiftyThousandDollarsOrGreater
1280000000 USD
CY2013Q2 dfs Time Deposits Two Hundred And Fifty Thousand Dollars Or Greater
TimeDepositsTwoHundredAndFiftyThousandDollarsOrGreater
1337000000 USD
dei Document Type
DocumentType
10-Q
CY2013Q2 dfs Total Loan Receivables
TotalLoanReceivables
61703000000 USD
CY2012Q4 dfs Total Loan Receivables
TotalLoanReceivables
62598000000 USD
dfs Transaction Processing Revenue
TransactionProcessingRevenue
105000000 USD
CY2013Q2 dfs Transaction Processing Revenue
TransactionProcessingRevenue
47000000 USD
CY2012Q2 dfs Transaction Processing Revenue
TransactionProcessingRevenue
56000000 USD
dfs Transaction Processing Revenue
TransactionProcessingRevenue
100000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0001393612
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
483787663 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Discover Financial Services

Files In Submission

Name View Source Status
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