2014 Q4 Form 10-Q Financial Statement

#000139361214000044 Filed on October 28, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $1.974B $1.926B $1.787B
YoY Change 7.17% 7.78% 5.43%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $87.00M $81.00M
YoY Change 7.41% 14.08%
% of Gross Profit
Depreciation & Amortization $33.00M $32.00M $27.00M
YoY Change 17.86% 18.52% 11.11%
% of Gross Profit
Operating Expenses $87.00M $81.00M
YoY Change 7.41% 14.08%
Operating Profit
YoY Change
Interest Expense $302.0M $288.0M $278.0M
YoY Change 10.62% 3.6% -14.46%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $648.0M $1.009B $946.0M
YoY Change -30.84% 6.66% -6.52%
Income Tax $244.0M $365.0M $353.0M
% Of Pretax Income 37.65% 36.17% 37.32%
Net Earnings $404.0M $644.0M $593.0M
YoY Change -32.89% 8.6% -5.42%
Net Earnings / Revenue 20.47% 33.44% 33.18%
Basic Earnings Per Share $0.87 $1.37 $1.20
Diluted Earnings Per Share $0.87 $1.37 $1.20
COMMON SHARES
Basic Shares Outstanding 453.5M shares 460.0M shares 482.0M shares
Diluted Shares Outstanding 461.0M shares 484.0M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.23B $11.38B $10.64B
YoY Change -2.7% 6.96% -21.23%
Cash & Equivalents $7.284B $7.382B $5.623B
Short-Term Investments $3.949B $3.995B $5.014B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $670.0M $661.0M $639.0M
YoY Change 2.45% 3.44% 22.97%
Goodwill $257.0M $284.0M $284.0M
YoY Change -9.51% 0.0% -1.06%
Intangibles $176.0M $177.0M $188.0M
YoY Change -4.86% -5.85% -2.18%
Long-Term Investments $325.0M $317.0M $290.0M
YoY Change 5.52% 9.31%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $83.13B $80.60B $75.54B
YoY Change 4.77% 6.69% 2.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.246B $2.856B $3.036B
YoY Change 9.74% -5.93% 2.99%
Deferred Revenue
YoY Change
Short-Term Debt $113.0M $139.0M $124.0M
YoY Change -19.29% 12.1% -50.4%
Long-Term Debt Due $3.302B $0.00
YoY Change
Total Short-Term Liabilities $6.548B $2.856B $3.036B
YoY Change 121.37% -5.93% 2.99%
LONG-TERM LIABILITIES
Long-Term Debt $19.24B $20.92B $18.67B
YoY Change -6.02% 12.07% -3.02%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $19.24B $20.92B $18.67B
YoY Change -6.02% 12.07% -3.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.548B $2.856B $3.036B
Total Long-Term Liabilities $19.24B $20.92B $18.67B
Total Liabilities $71.99B $69.30B $64.94B
YoY Change 5.05% 6.7% 0.28%
SHAREHOLDERS EQUITY
Retained Earnings $11.47B $11.18B $9.115B
YoY Change 19.31% 22.68% 32.52%
Common Stock $5.000M $5.000M $5.000M
YoY Change 0.0% 0.0% -9.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.550B $4.151B $2.640B
YoY Change 52.38% 57.23% 106.79%
Treasury Stock Shares 109.0M shares 102.8M shares 76.48M shares
Shareholders Equity $11.13B $11.30B $10.60B
YoY Change
Total Liabilities & Shareholders Equity $83.13B $80.60B $75.54B
YoY Change 4.77% 6.69% 2.21%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $404.0M $644.0M $593.0M
YoY Change -32.89% 8.6% -5.42%
Depreciation, Depletion And Amortization $33.00M $32.00M $27.00M
YoY Change 17.86% 18.52% 11.11%
Cash From Operating Activities $1.000B $1.055B $448.0M
YoY Change 1.83% 135.49% -31.75%
INVESTING ACTIVITIES
Capital Expenditures -$43.00M -$29.00M -$60.00M
YoY Change -20.37% -51.67% 23.2%
Acquisitions
YoY Change
Other Investing Activities -$2.829B -$1.598B -$1.074B
YoY Change -11.79% 48.79% 298.22%
Cash From Investing Activities -$2.872B -$1.627B -$1.134B
YoY Change -11.93% 43.47% 256.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.774B 1.075B 565.0M
YoY Change -44.74% 90.27% -28.24%
NET CHANGE
Cash From Operating Activities 1.000B 1.055B 448.0M
Cash From Investing Activities -2.872B -1.627B -1.134B
Cash From Financing Activities 1.774B 1.075B 565.0M
Net Change In Cash -98.00M 503.0M -121.0M
YoY Change -110.53% -515.7% -110.75%
FREE CASH FLOW
Cash From Operating Activities $1.000B $1.055B $448.0M
Capital Expenditures -$43.00M -$29.00M -$60.00M
Free Cash Flow $1.043B $1.084B $508.0M
YoY Change 0.68% 113.39% -27.95%

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CY2013Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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CY2014Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1192000000 USD
CY2013Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
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CY2013Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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434000000 USD
CY2014Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
435000000 USD
CY2014Q3 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
476000000 USD
CY2013Q4 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
475000000 USD
CY2014Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
194000000 USD
CY2013Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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200000000 USD
CY2014Q3 us-gaap Financing Receivable Recorded Investment Past Due
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CY2013Q4 us-gaap Financing Receivable Recorded Investment Past Due
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1010000000 USD
us-gaap Gain Loss On Investments
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CY2014Q3 us-gaap Gain Loss On Investments
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0 USD
us-gaap Gain Loss On Investments
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CY2013Q3 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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127000000 USD
CY2013Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
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25000000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
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57000000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
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127000000 USD
CY2014Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
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CY2014Q3 us-gaap Goodwill
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CY2013Q4 us-gaap Goodwill
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CY2013Q4 us-gaap Held To Maturity Securities
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CY2014Q3 us-gaap Held To Maturity Securities
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82000000 USD
CY2013Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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0 USD
CY2014Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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0 USD
CY2014Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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CY2013Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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CY2014Q3 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
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0 USD
CY2014Q3 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
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CY2014Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
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CY2014Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
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0 USD
CY2014Q3 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
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81000000 USD
CY2014Q3 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
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81000000 USD
CY2014Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
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1000000 USD
CY2014Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
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1000000 USD
CY2013Q4 us-gaap Held To Maturity Securities Fair Value
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CY2014Q3 us-gaap Held To Maturity Securities Fair Value
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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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CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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1009000000 USD
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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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3046000000 USD
us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
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CY2013Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2014Q3 us-gaap Income Tax Expense Benefit
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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 Other Operating Assets
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112000000 USD
us-gaap Increase Decrease In Other Operating Assets
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94000000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Restricted Cash
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us-gaap Increase Decrease In Restricted Cash
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CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
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us-gaap Interest And Dividend Income Operating
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us-gaap Interest And Dividend Income Securities
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CY2014Q3 us-gaap Interest And Dividend Income Securities
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17000000 USD
us-gaap Interest And Dividend Income Securities
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50000000 USD
CY2013Q3 us-gaap Interest And Dividend Income Securities
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us-gaap Interest And Fee Income Loans Consumer Installment Credit Card
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4710000000 USD
us-gaap Interest And Fee Income Loans Consumer Installment Credit Card
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CY2014Q3 us-gaap Interest And Fee Income Loans Consumer Installment Credit Card
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255000000 USD
us-gaap Interest And Fee Income Loans Other Consumer
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730000000 USD
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CY2014Q3 us-gaap Interest Bearing Domestic Deposit Brokered
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CY2014Q3 us-gaap Interest Expense Deposits
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153000000 USD
CY2013Q3 us-gaap Interest Expense Deposits
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169000000 USD
us-gaap Interest Expense Long Term Debt
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374000000 USD
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331000000 USD
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108000000 USD
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1000000 USD
CY2014Q3 us-gaap Interest Expense Short Term Borrowings
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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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CY2014Q3 us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense Net
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4790000000 USD
us-gaap Interest Income Expense Net
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CY2013Q3 us-gaap Labor And Related Expense
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292000000 USD
us-gaap Labor And Related Expense
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CY2014Q3 us-gaap Labor And Related Expense
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320000000 USD
us-gaap Labor And Related Expense
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CY2014Q3 us-gaap Liabilities
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CY2014Q2 us-gaap Loans And Leases Receivable Allowance
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CY2013Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
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CY2014Q3 us-gaap Loans And Leases Receivable Net Reported Amount
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CY2013Q4 us-gaap Loans Held For Sale Mortgages
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CY2014Q3 us-gaap Loans Held For Sale Mortgages
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148000000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2014Q3 us-gaap Long Term Debt And Capital Lease Obligations
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CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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8010000000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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2650000000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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3050000000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2013Q4 us-gaap Marketable Securities
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CY2014Q3 us-gaap Marketable Securities
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CY2013Q3 us-gaap Marketing And Advertising Expense
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us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
519000000 USD
us-gaap Marketing And Advertising Expense
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CY2014Q3 us-gaap Marketing And Advertising Expense
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182000000 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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2535000000 USD
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us-gaap Net Income Loss
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CY2013Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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635000000 USD
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584000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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1840000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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1891000000 USD
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CY2014Q3 us-gaap Noninterest Bearing Deposit Liabilities Domestic
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205000000 USD
us-gaap Noninterest Expense
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CY2014Q3 us-gaap Noninterest Expense
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CY2013Q3 us-gaap Noninterest Expense
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783000000 USD
us-gaap Noninterest Expense
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CY2014Q3 us-gaap Noninterest Income
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CY2013Q3 us-gaap Noninterest Income
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553000000 USD
us-gaap Noninterest Income
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1650000000 USD
us-gaap Noninterest Income
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us-gaap Noninterest Income Other
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CY2013Q3 us-gaap Noninterest Income Other
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us-gaap Noninterest Income Other
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122000000 USD
CY2014Q3 us-gaap Noninterest Income Other
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29000000 USD
us-gaap Number Of Reportable Segments
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CY2014Q3 us-gaap Occupancy Net
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CY2013Q3 us-gaap Occupancy Net
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us-gaap Occupancy Net
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us-gaap Occupancy Net
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2014Q3 us-gaap Other Assets
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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CY2014Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2013Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2014Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2013Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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CY2013Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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CY2013Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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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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CY2014Q3 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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CY2013Q3 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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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;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>
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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144000000 USD
dfs Bankruptcy And Probate Charge Off Period
BankruptcyAndProbateChargeOffPeriod
P60D
dfs Business Combination Contingent Consideration Arrangement Settlement Amount Fair Value
BusinessCombinationContingentConsiderationArrangementSettlementAmountFairValue
9000000 USD
dfs Business Combination Contingent Consideration Arrangement Settlement Amount Fair Value
BusinessCombinationContingentConsiderationArrangementSettlementAmountFairValue
0 USD
CY2014Q3 dfs Certain Loans Acquiredin Transfer Not Accountedforas Debt Securities Carrying Amount Gross
CertainLoansAcquiredinTransferNotAccountedforasDebtSecuritiesCarryingAmountGross
3788000000 USD
CY2013Q4 dfs Certain Loans Acquiredin Transfer Not Accountedforas Debt Securities Carrying Amount Gross
CertainLoansAcquiredinTransferNotAccountedforasDebtSecuritiesCarryingAmountGross
4178000000 USD
CY2014Q3 dfs Changein Income Tax Expense Benefit
ChangeinIncomeTaxExpenseBenefit
12000000 USD
dfs Changein Income Tax Expense Benefit
ChangeinIncomeTaxExpenseBenefit
-12000000 USD
CY2013Q3 dfs Charge Offs Net
ChargeOffsNet
291000000 USD
CY2014Q3 dfs Charge Offs Net
ChargeOffsNet
324000000 USD
dfs Charge Offs Net
ChargeOffsNet
922000000 USD
dfs Charge Offs Net
ChargeOffsNet
990000000 USD
dfs Closed End Loan Receivables Charge Offs Period
ClosedEndLoanReceivablesChargeOffsPeriod
P120D
dfs Deposits Source Channels
DepositsSourceChannels
2 channels
CY2013Q4 dfs Derivative Collateral Rightto Reclaim Cashand Securities
DerivativeCollateralRighttoReclaimCashandSecurities
7000000 USD
CY2014Q3 dfs Derivative Collateral Rightto Reclaim Cashand Securities
DerivativeCollateralRighttoReclaimCashandSecurities
10000000 USD
CY2014Q3 dfs Discount And Interchange Revenue
DiscountAndInterchangeRevenue
295000000 USD
CY2014Q3 dfs Fair Value Loans Held For Sale Fair Value Option
FairValueLoansHeldForSaleFairValueOption
148000000 USD
CY2013Q4 dfs Fair Value Loans Held For Sale Fair Value Option
FairValueLoansHeldForSaleFairValueOption
148000000 USD
CY2013Q3 dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
14000000 USD
dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
50000000 USD
dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
44000000 USD
CY2013Q3 dfs Discount And Interchange Revenue
DiscountAndInterchangeRevenue
276000000 USD
dfs Discount And Interchange Revenue
DiscountAndInterchangeRevenue
847000000 USD
dfs Discount And Interchange Revenue
DiscountAndInterchangeRevenue
876000000 USD
dfs Excess Of Total Investors Interests
ExcessOfTotalInvestorsInterests
0.07
dfs Excess Spread Rate Minimum
ExcessSpreadRateMinimum
0
CY2014Q3 dfs Fees Accrued Subsequently Charged Off Net Of Recoveries
FeesAccruedSubsequentlyChargedOffNetOfRecoveries
16000000 USD
dfs Finance Receivable Net Charge Off Rate For Pci Student Loans
FinanceReceivableNetChargeOffRateForPciStudentLoans
0.0063
dfs Finance Receivable Net Charge Off Rate For Pci Student Loans
FinanceReceivableNetChargeOffRateForPciStudentLoans
0.0133
CY2013Q3 dfs Finance Receivable Net Charge Off Rate For Pci Student Loans
FinanceReceivableNetChargeOffRateForPciStudentLoans
0.0109
CY2014Q3 dfs Finance Receivable Net Charge Off Rate For Pci Student Loans
FinanceReceivableNetChargeOffRateForPciStudentLoans
0.0063
dfs Financing Receivable Modifications Subsequent Default Numberof Missed Payments
FinancingReceivableModificationsSubsequentDefaultNumberofMissedPayments
2 missed_payments
CY2014Q3 dfs Financing Receivable Recorded Investment30 To89 Days Past Due
FinancingReceivableRecordedInvestment30To89DaysPastDue
567000000 USD
CY2013Q4 dfs Financing Receivable Recorded Investment30 To89 Days Past Due
FinancingReceivableRecordedInvestment30To89DaysPastDue
535000000 USD
CY2013Q3 dfs Income Allocatedto Participating Securities
IncomeAllocatedtoParticipatingSecurities
5000000 USD
CY2014Q3 dfs Income Allocatedto Participating Securities
IncomeAllocatedtoParticipatingSecurities
5000000 USD
dfs Income Allocatedto Participating Securities
IncomeAllocatedtoParticipatingSecurities
14000000 USD
dfs Income Allocatedto Participating Securities
IncomeAllocatedtoParticipatingSecurities
13000000 USD
dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
211000000 USD
dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
213000000 USD
CY2013Q3 dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
66000000 USD
CY2014Q3 dfs Interest And Fees Accrued Subsequently Charged Off Net Of Recoveries
InterestAndFeesAccruedSubsequentlyChargedOffNetOfRecoveries
69000000 USD
CY2014Q3 dfs Interest And Fees Forgiven Due To Loan Modification Program
InterestAndFeesForgivenDueToLoanModificationProgram
11000000 USD
CY2013Q3 dfs Interest And Fees Forgiven Due To Loan Modification Program
InterestAndFeesForgivenDueToLoanModificationProgram
10000000 USD
dfs Interest And Fees Forgiven Due To Loan Modification Program
InterestAndFeesForgivenDueToLoanModificationProgram
30000000 USD
dfs Interest And Fees Forgiven Due To Loan Modification Program
InterestAndFeesForgivenDueToLoanModificationProgram
30000000 USD
dfs Loans Held For Sale Mortgages Percent
LoansHeldForSaleMortgagesPercent
1.0000
CY2013 dfs Loans Held For Sale Mortgages Percent
LoansHeldForSaleMortgagesPercent
1.0000
dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSold
1911000000 USD
CY2013Q3 dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSold
908000000 USD
dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSold
3423000000 USD
CY2014Q3 dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSold
782000000 USD
CY2014Q3 dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold Percent
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSoldPercent
1.0000
dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold Percent
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSoldPercent
1.0000
dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold Percent
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSoldPercent
1.0000
CY2013Q3 dfs Mortgage Loans On Real Estate Initial Unpaid Principal Balance Of Mortgages Sold Percent
MortgageLoansOnRealEstateInitialUnpaidPrincipalBalanceOfMortgagesSoldPercent
1.0000
dfs Net Income Loss Allocated To Common Stockholders
NetIncomeLossAllocatedToCommonStockholders
1826000000 USD
CY2014Q3 dfs Net Income Loss Allocated To Common Stockholders
NetIncomeLossAllocatedToCommonStockholders
630000000 USD
dfs Net Income Loss Allocated To Common Stockholders
NetIncomeLossAllocatedToCommonStockholders
1878000000 USD
CY2013Q3 dfs Net Income Loss Allocated To Common Stockholders
NetIncomeLossAllocatedToCommonStockholders
579000000 USD
dfs Open End Loan Receivables Charge Off Period
OpenEndLoanReceivablesChargeOffPeriod
P180D
CY2014Q3 dfs Pci Loans30 Days Or More Delinquency Rate
PciLoans30DaysOrMoreDelinquencyRate
0.0236
dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.42
CY2014Q3 dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.34
dfs Period Within Which Resolution Of Tax Appeal Reasonably Possible
PeriodWithinWhichResolutionOfTaxAppealReasonablyPossible
P12M
CY2013Q4 dfs Private Student Loans In Forbearance As Percentage Of Student Loans
PrivateStudentLoansInForbearanceAsPercentageOfStudentLoans
0.019
CY2014Q3 dfs Private Student Loans In Forbearance As Percentage Of Student Loans
PrivateStudentLoansInForbearanceAsPercentageOfStudentLoans
0.008
CY2013Q4 dfs Pci Loans30 Days Or More Delinquency Rate
PciLoans30DaysOrMoreDelinquencyRate
0.0233
CY2014Q3 dfs Pci Loans90 Days Or More Delinquency Rate
PciLoans90DaysOrMoreDelinquencyRate
0.0078
CY2013Q4 dfs Pci Loans90 Days Or More Delinquency Rate
PciLoans90DaysOrMoreDelinquencyRate
0.0080
CY2013Q3 dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.33
dfs Percentage Of Defaulted Loans That Charged Off
PercentageOfDefaultedLoansThatChargedOff
0.36
CY2014Q3 dfs Settlement Withholdings And Escrow Deposits
SettlementWithholdingsAndEscrowDeposits
19000000 USD
CY2013Q4 dfs Settlement Withholdings And Escrow Deposits
SettlementWithholdingsAndEscrowDeposits
17000000 USD
dfs Student Loan Forbearance Lifetime Cap
StudentLoanForbearanceLifetimeCap
P12M
CY2013Q4 dfs Student Loans In Forbearance
StudentLoansInForbearance
110000000 USD
CY2014Q3 dfs Student Loans In Forbearance
StudentLoansInForbearance
44000000 USD
CY2014Q3 dfs Time Deposits From One Hundred Thousand Dollars To Less Than Two Hundred And Fifty Thousand Dollars
TimeDepositsFromOneHundredThousandDollarsToLessThanTwoHundredAndFiftyThousandDollars
4605000000 USD
CY2013Q4 dfs Time Deposits From One Hundred Thousand Dollars To Less Than Two Hundred And Fifty Thousand Dollars
TimeDepositsFromOneHundredThousandDollarsToLessThanTwoHundredAndFiftyThousandDollars
4860000000 USD
CY2014Q3 dfs Time Deposits Two Hundred And Fifty Thousand Dollars Or Greater
TimeDepositsTwoHundredAndFiftyThousandDollarsOrGreater
1174000000 USD
CY2013Q4 dfs Time Deposits Two Hundred And Fifty Thousand Dollars Or Greater
TimeDepositsTwoHundredAndFiftyThousandDollarsOrGreater
1180000000 USD
CY2014Q3 dfs Total Loan Receivables
TotalLoanReceivables
67366000000 USD
CY2013Q4 dfs Total Loan Receivables
TotalLoanReceivables
65771000000 USD
CY2013Q3 dfs Transaction Processing Revenue
TransactionProcessingRevenue
46000000 USD
dfs Transaction Processing Revenue
TransactionProcessingRevenue
136000000 USD
dfs Transaction Processing Revenue
TransactionProcessingRevenue
146000000 USD
CY2014Q3 dfs Transaction Processing Revenue
TransactionProcessingRevenue
46000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001393612
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
453479765 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Discover Financial Services

Files In Submission

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