Discover Financial Services
Cash Flow
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Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Discover Financial Services generated cash of $8,563,000,000, which is more than the previous year. Cash used in financing activities reached the amount of $15,759,000,000 last year. Net change in cash is therefore $2,831,000,000.
Cash Flow
| 2014 | 3.82B | -4.19B | 1.10B |
|---|---|---|---|
| 2015 | 3.85B | -2.86B | 1.30B |
| 2016 | 4.42B | -4.89B | 2.81B |
| 2017 | 5.20B | -8.77B | 4.96B |
| 2018 | 5.19B | -10.57B | 7.14B |
| 2019 | 6.19B | -15.27B | 897M |
| 2020 | 6.19B | 1.51B | -1.08B |
| 2021 | 6.01B | 40M | -8.31B |
| 2022 | 7.14B | -25.63B | 16.06B |
| 2023 | 8.56B | -21.49B | 15.75B |
DFS Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 8.89B | 11.33B | 13.58B | 6.96B | 15.14B | 13.38B | 11.91B | 9.57B | 7.28B | 6.55B |
Operating activities | ||||||||||
Net income | 2.92B | 4.39B | 5.44B | 1.14B | 2.95B | 2.74B | 2.09B | 2.39B | 2.29B | 2.32B |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 458M | 561M | 531M | 485M | 436M | 435M | 393M | 351M | 391M | 369M |
Stock-based compensation expense | 0 | 89M | 103M | 41M | 69M | 81M | 75M | 64M | 56M | 60M |
| Deferred income tax benefit | 0 | 89M | 103M | 41M | 69M | 81M | 75M | 64M | 56M | 60M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by operating activities | 8.56B | 7.14B | 6.01B | 6.19B | 6.19B | 5.19B | 5.20B | 4.42B | 3.85B | 3.82B |
Investing activities | ||||||||||
Purchases Of Investments | -3.14B | -7.90B | -207M | -8.27B | -8.31B | -2.70B | -105M | -107M | -765M | -503M |
Investments In Property Plant And Equipment | -303M | -236M | -194M | -261M | -284M | -254M | -218M | -179M | -168M | -145M |
Acquisitions Net | 0 | 9M | 0 | 0 | 0 | 0 | -8.70B | -5.97B | 2M | -5.09B |
Cash generated by investing activities | -21.49B | -25.63B | 40M | 1.51B | -15.27B | -10.57B | -8.77B | -4.89B | -2.86B | -4.19B |
Financing activities | ||||||||||
Common Stock Issued | 12M | 10M | 9M | 10M | 7M | 6M | 5M | 7M | 5M | 5M |
Payments for dividends | -752M | -703M | -636M | -576M | -573M | -552M | -527M | -514M | -515M | -467M |
Repurchases of common stock | -1.93B | -2.35B | -2.26B | -348M | -1.76B | -2.06B | -2.65B | -1.90B | -1.71B | -1.56B |
Repayments of term debt | 1.18B | -94M | -4.37B | -5.28B | -1.71B | -6.20B | 823M | -3.41B | 2.01B | -4.67B |
Cash used in financing activities | 15.75B | 16.06B | -8.31B | -1.08B | 897M | 7.14B | 4.96B | 2.81B | 1.30B | 1.10B |
Net Change In Cash | 2.83B | -2.43B | -2.25B | 6.62B | -8.18B | 1.75B | 1.39B | 2.34B | 2.28B | 730M |
Cash at end of period | 11.72B | 8.89B | 11.33B | 13.58B | 6.96B | 15.14B | 13.30B | 11.91B | 9.57B | 7.28B |
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