CAPITAL ONE FINANCIAL CORP

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 20, 2025

COF$195.84-1.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
(Dollars in millions)	2024	2023	2022
Operating activities:
Income from continuing operations, net of tax	$4,747	$4,887	$7,360
Income from discontinued operations, net of tax	3	0	0
Net income	4,750	4,887	7,360
Adjustments to reconcile net income to net cash from operating activities:
Provision for credit losses	11,716	10,426	5,847
Depreciation and amortization, net	3,237	3,226	3,210
Deferred tax provision (benefit)	(853)	(723)	(772)
Net securities losses	35	34	9
Loss (gain) on sales of loans	29	6	(196)
Stock-based compensation expense	569	513	314
Other	65	51	40
Loans held for sale:
Originations and purchases	(3,688)	(4,602)	(8,822)
Proceeds from sales and paydowns	3,870	4,432	9,679
Changes in operating assets and liabilities:
Changes in interest receivable	(54)	(359)	(641)
Changes in other assets	(426)	716	(2,973)
Changes in interest payable	17	122	246
Changes in other liabilities	(1,104)	1,846	511
Net change from discontinued operations	(4)	0	(3)
Net cash from operating activities	18,159	20,575	13,809
Investing activities:
Securities available for sale:
Purchases	(17,183)	(10,446)	(14,850)
Proceeds from paydowns and maturities	11,849	8,841	19,074
Proceeds from sales	175	290	2,570
Loans:
Net changes in loans originated as held for investment	(21,431)	(17,822)	(35,885)
Principal recoveries of loans previously charged off	3,001	2,288	2,091
Changes in premises and equipment	(1,204)	(961)	(934)
Net cash used in acquisitions	0	(2,785)	(1,176)
Net cash used in other investing activities	(1,617)	(1,325)	(628)
Net cash used in investing activities	$(26,410)	(21,920)	(29,738)

See Notes to Consolidated Financial Statements.
139	Capital One Financial Corporation (COF)

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
(Dollars in millions)	2024	2023	2022
Financing activities:
Deposits and borrowings:
Changes in deposits	$14,156	$15,172	$22,539
Issuance of securitized debt obligations	1,805	3,292	9,728
Maturities and paydowns of securitized debt obligations	(5,828)	(2,483)	(7,060)
Issuance of senior and subordinated notes	3,985	8,218	21,272
Maturities and paydowns of senior and subordinated notes	(4,411)	(8,436)	(15,561)
Changes in other borrowings	27	(351)	44
Common stock:
Net proceeds from issuances	323	299	276
Dividends paid	(932)	(931)	(950)
Preferred stock:
Dividends paid	(228)	(228)	(228)
Purchases of treasury stock	(734)	(718)	(4,948)
Proceeds from share-based payment activities	4	10	19
Net cash from financing activities	8,167	13,844	25,131
Changes in cash, cash equivalents and restricted cash for securitization investors	(84)	12,499	9,202
Cash, cash equivalents and restricted cash for securitization investors, beginning of the period	43,755	31,256	22,054
Cash, cash equivalents and restricted cash for securitization investors, end of the period	$43,671	$43,755	$31,256
Supplemental cash flow information:
Interest paid	13,201	10,823	3,609
Income tax paid	1,105	1,355	1,852

See Notes to Consolidated Financial Statements.
140	Capital One Financial Corporation (COF)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.