Discover Financial Services (DFS) — Financial Flexibility Index
Discover Financial Services (DFS) has a Financial Flexibility Index of 0.02x as of March 2025. Free cash flow of $2.20 Billion (operating CF $2.13 Billion minus capex $64.00 Million) represents 0% of total liabilities ($128.95 Billion). Check Discover Financial Services cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Discover Financial Services Financial Flexibility Index (2005–2024)
Historical Financial Flexibility Index trend for Discover Financial Services across 20 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Discover Financial Services.
Annual Financial Flexibility Index for Discover Financial Services (2005–2024)
Year-by-year free cash flow to debt coverage for Discover Financial Services. Explore Discover Financial Services cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.07x | $8.69 Billion | $8.43 Billion | $129.71 Billion | ▲ +3.3% |
| 2023 | 0.06x | $8.87 Billion | $8.56 Billion | $136.69 Billion | ▲ +2.9% |
| 2022 | 0.06x | $7.38 Billion | $7.14 Billion | $117.04 Billion | ▼ -1.8% |
| 2021 | 0.06x | $6.21 Billion | $6.02 Billion | $96.83 Billion | ▼ -78.9% |
| 2020 | 0.30x | $6.46 Billion | $6.20 Billion | $21.24 Billion | ▲ +20.6% |
| 2019 | 0.25x | $6.48 Billion | $6.20 Billion | $25.70 Billion | ▲ +355.7% |
| 2018 | 0.06x | $5.45 Billion | $5.19 Billion | $98.42 Billion | ▼ -9.1% |
| 2017 | 0.06x | $5.43 Billion | $5.21 Billion | $89.19 Billion | ▲ +7.0% |
| 2016 | 0.06x | $4.60 Billion | $4.42 Billion | $80.98 Billion | ▲ +6.9% |
| 2015 | 0.05x | $4.02 Billion | $3.85 Billion | $75.66 Billion | ▼ -3.6% |
| 2014 | 0.06x | $3.97 Billion | $3.83 Billion | $71.99 Billion | ▲ +0.9% |
| 2013 | 0.05x | $3.75 Billion | $3.52 Billion | $68.53 Billion | ▲ +9.2% |
| 2012 | 0.05x | $3.19 Billion | $3.04 Billion | $63.62 Billion | ▼ -18.1% |
| 2011 | 0.06x | $3.72 Billion | $3.61 Billion | $60.88 Billion | ▼ -15.4% |
| 2010 | 0.07x | $3.93 Billion | $3.87 Billion | $54.33 Billion | ▼ -25.6% |
| 2009 | 0.10x | $3.65 Billion | $3.60 Billion | $37.59 Billion | ▼ -28.2% |
| 2008 | 0.14x | $4.60 Billion | $4.50 Billion | $33.98 Billion | ▲ +99.4% |
| 2007 | 0.07x | $2.16 Billion | $2.04 Billion | $31.78 Billion | ▼ -15.2% |
| 2006 | 0.08x | $1.86 Billion | $1.72 Billion | $23.29 Billion | ▲ +3.2% |
| 2005 | 0.08x | $1.73 Billion | $1.64 Billion | $22.34 Billion | — |