The Company maintains its books and records on a legal entity basis for the preparation of financial statements in conformity with GAAP. Because certain international operations are integrated with many of the Company’s domestic operations, estimates and assumptions have been made to assign certain expense items between domestic and foreign operations.  The information presented in Note B, Segments, is prepared from the Company’s internal management information system used in performance evaluation and resource allocation by management, which is maintained on a line of business level through allocations from legal entities.  Note W Capital One Financial Corporation (Parent Company Only)  Condensed Financial Information December 31 Balance Sheets 2002 2001 Assets: Cash and cash equivalents $ 6,385 $ 9,847 Investment in subsidiaries 5,146,632 3,327,778 Loans to subsidiaries (1) 1,105,005 950,231 Other 157,648 164,923 Total assets $ 6,415,670 $ 4,452,779 Liabilities: Senior notes $ 1,567,415 $ 549,187 Borrowings from subsidiaries 192,878 569,476 Other 32,206 10,638 Total liabilities 1,792,499 1,129,301 Stockholders’ equity 4,623,171 3,323,478 Total liabilities and stockholders’ equity $ 6,415,670 $ 4,452,779 (1) As of December 31, 2002 and 2001, includes $293.9 million and $122.1 million, respectively, of cash invested at the Bank instead of the open market. 75 Year Ended December 31 Statements of Income 2002 2001 2000 Domestic Interest from temporary investments $ 44,220 $ 48,595 $  41,321 Interest expense (124,097) (53,536) (46,486) Dividends, principally from banksubsidiaries 880,069 125,000 250,000 Non-interest income 1,154 4,847 61 Non-interest expense (1,852) (45,223) (8,184) Income before income taxes and equity in  undistributed earnings of subsidiaries 799,494 79,683 236,712 Income tax benefit 30,619 17,221 5,049 Equity in undistributed earnings of subsidiaries 69,531 545,061 227,873 Net income $ 899,644 $ 641,965 $ 469,634