CAPITAL ONE FINANCIAL CORP
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Equity
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED)
| (Dollars in millions) · Preferred Stock · Common Stock · AdditionalPaid-InCapital · Retained Earnings · AccumulatedOtherComprehensiveIncome (Loss) · TreasuryStock · TotalStockholders’Equity | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||||||||||
| Balance as of December 31, 2023 | 4,975,000 | $0 | 696,242,668 | $7 | $35,541 | $60,945 | $(8,268) | $(30,136) | $58,089 | |||||||
| Cumulative effects of accounting standards adoption(1) | (25) | (25) | ||||||||||||||
| Comprehensive income (loss) | 1,280 | (1,266) | 14 | |||||||||||||
| Dividends—common stock(2) | 24,969 | 0 | 3 | (238) | (235) | |||||||||||
| Dividends—preferred stock | (57) | (57) | ||||||||||||||
| Purchases of treasury stock | (249) | (249) | ||||||||||||||
| Issuances of common stock and restricted stock, net of forfeitures | 3,470,983 | 0 | 80 | 80 | ||||||||||||
| Exercises of stock options | 15,000 | 0 | 1 | 1 | ||||||||||||
| Compensation expense for restricted stock units | 183 | 183 | ||||||||||||||
| Balance as of March 31, 2024 | 4,975,000 | $0 | 699,753,620 | $7 | $35,808 | $61,905 | $(9,534) | $(30,385) | $57,801 | |||||||
| Comprehensive income (loss) | 597 | (167) | 430 | |||||||||||||
| Dividends—common stock(2) | 8,354 | 0 | 2 | (234) | (232) | |||||||||||
| Dividends—preferred stock | (57) | (57) | ||||||||||||||
| Purchases of treasury stock | (163) | (163) | ||||||||||||||
| Issuances of common stock and restricted stock, net of forfeitures | 941,120 | 0 | 95 | 95 | ||||||||||||
| Compensation expense for restricted stock units | 107 | 107 | ||||||||||||||
| Balance as of June 30, 2024 | 4,975,000 | $0 | 700,703,094 | $7 | $36,012 | $62,211 | $(9,701) | $(30,548) | $57,981 | |||||||
| (Dollars in millions) · Preferred Stock · Common Stock · AdditionalPaid-InCapital · Retained Earnings · AccumulatedOtherComprehensiveIncome (Loss) · TreasuryStock · TotalStockholders’Equity | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||||||||||
| Balance as of December 31, 2022 | 4,975,000 | $0 | 690,334,422 | $7 | $34,725 | $57,184 | $(9,916) | $(29,418) | $52,582 | |||||||
| Cumulative effects of accounting standards adoption(3) | 48 | 48 | ||||||||||||||
| Comprehensive income | 960 | 1,376 | 2,336 | |||||||||||||
| Dividends—common stock(2) | 26,635 | 0 | 3 | (237) | (234) | |||||||||||
| Dividends—preferred stock | (57) | (57) | ||||||||||||||
| Purchases of treasury stock | (246) | (246) | ||||||||||||||
| Issuances of common stock and restricted stock, net of forfeitures | 2,972,149 | 0 | 76 | 76 | ||||||||||||
| Compensation expense for restricted stock units | 148 | 148 | ||||||||||||||
| Balance as of March 31, 2023 | 4,975,000 | $0 | 693,333,206 | $7 | $34,952 | $57,898 | $(8,540) | $(29,664) | $54,653 | |||||||
| Cumulative effects of accounting standards adoption(4) | (11) | (11) | ||||||||||||||
| Comprehensive income (loss) | 1,431 | (1,278) | 153 | |||||||||||||
| Dividends—common stock(2) | 4,745 | 0 | 1 | (233) | (232) | |||||||||||
| Dividends—preferred stock | (57) | (57) | ||||||||||||||
| Purchases of treasury stock | (157) | (157) | ||||||||||||||
| Issuances of common stock and restricted stock, net of forfeitures | 989,004 | 0 | 88 | 88 | ||||||||||||
| Compensation expense for restricted stock units | 122 | 122 | ||||||||||||||
| Balance as of June 30, 2023 | 4,975,000 | $0 | 694,326,955 | $7 | $35,163 | $59,028 | $(9,818) | $(29,821) | $54,559 | |||||||
| See Notes to Consolidated Financial Statements. | |
|---|---|
| 80 | Capital One Financial Corporation (COF) |
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED)
(1)Impact from the adoption of Accounting Standards Update (“ASU”) 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Methodas of January 1, 2024.
(2)We declared dividends per share on our common stock of $0.60 in the second quarter of 2024 and 2023, and $1.20 in the first six months of 2024 and 2023.
(3)Impact from the adoption of ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings (“TDR”) and Vintage Disclosures as of January 1, 2023.
(4)We have equity method investments in certain non-public entities which adopted ASU 2019-10, Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842)as of January 1, 2023. The impact to retained earnings was recorded in the second quarter of 2023, on a one quarter lag consistent with our standard operating procedures for equity method investments.
| See Notes to Consolidated Financial Statements. | |
|---|---|
| 81 | Capital One Financial Corporation (COF) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.