10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2012 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 8, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues | |||
| Discount revenue earned from purchased cardmember receivables and loans | $ 543 | 435 | 443 |
| Interest income from affiliates | 494 | 505 | 466 |
| Interest income from investments | 8 | 6 | 32 |
| Finance revenue | 43 | 38 | 39 |
| Total revenues | 1,088 | 984 | 980 |
| Expenses | |||
| Provisions for losses | 143 | 80 | 128 |
| Interest expense | 731 | 695 | 582 |
| Interest expense to affiliates | 18 | 12 | 16 |
| Service fees to affiliates | 0 | 0 | 1 |
| Other, net | (92) | (152) | (71) |
| Total expenses | 800 | 635 | 656 |
| Pretax income | 288 | 349 | 324 |
| Income tax benefit | (51) | (48) | (24) |
| Net income | 339 | 397 | 348 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 8, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 339 | 397 | 348 |
| Other comprehensive income: | |||
| Net unrealized securities gains (losses), net of tax | 0 | 0 | (14) |
| Net unrealized derivatives gains (losses), net of tax | 1 | (1) | 3 |
| Foreign currency translation adjustments, net of tax | 66 | 37 | 105 |
| Other comprehensive income (loss) | 67 | 36 | 94 |
| Comprehensive income (loss) | 406 | 433 | 442 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 8, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 339 | 397 | 348 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provisions for losses | 143 | 80 | 128 |
| Amortization and other | 24 | 3 | 29 |
| Deferred taxes | 16 | (35) | 39 |
| Changes in operating assets and liabilities: | |||
| Interest, taxes and other amounts due from affiliates, net | 61 | 73 | 61 |
| Other operating assets and liabilities | (196) | 471 | 300 |
| Net cash provided by operating activities | 387 | 989 | 905 |
| Cash Flows from Investing Activities | |||
| Net increase in cardmember receivables and loans | (2,685) | (600) | (2,774) |
| Maturities of investments | 0 | 0 | 2,000 |
| Net increase in loans to affiliates | (1,413) | (500) | (194) |
| Net decrease (increase) in due from affiliates | 1,775 | (1,871) | 2,709 |
| Net cash (used in) provided by investing activities | (2,323) | (2,971) | 1,741 |
| Cash Flows from Financing Activities | |||
| Net increase (decrease) in short-term debt to affiliates | 53 | 255 | (127) |
| Net decrease in short-term debt | (620) | (9) | (371) |
| Issuance of long-term debt | 4,244 | 8,523 | 2,396 |
| Principal payments on long-term debt | (1,596) | (6,436) | (3,610) |
| Dividends paid | (368) | (865) | (260) |
| Net cash provided by (used in) financing activities | 1,713 | 1,468 | (1,972) |
| Effect of exchange rate changes on cash and cash equivalents | 18 | 6 | 10 |
| Net (decrease) increase in cash and cash equivalents | (205) | (508) | 684 |
| Cash and cash equivalents at beginning of period | 480 | 988 | |
| Cash and cash equivalents at end of period | 275 | 480 | 988 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AMERICAN EXPRESS CO | ||
Ticker: AXP Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2012 10-K (Filed: Mar 8, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Cash and cash equivalents | $ 275 | 480 |
| Cardmember receivables, less reserves | 15,279 | 12,736 |
| Cardmember loans, less reserves | 457 | 406 |
| Loans to affiliates | 13,178 | 11,437 |
| Deferred charges and other assets | 430 | 393 |
| Due from affiliates | 4,176 | 5,689 |
| Total assets | 33,795 | 31,141 |
| Liabilities and Shareholder's Equity | ||
| Liabilities | ||
| Short-term debt | 18 | 634 |
| Short-term debt to affiliates | 4,096 | 4,035 |
| Long-term debt | 23,986 | 21,164 |
| Total debt | 28,100 | 25,833 |
| Due to affiliates | 2,022 | 1,702 |
| Accrued interest and other liabilities | 505 | 475 |
| Total liabilities | 30,627 | 28,010 |
| Shareholder's Equity | ||
| Common stock, $.10 par value, authorized 3 million shares; issued and outstanding 1.5 million shares | 0 | 0 |
| Additional paid-in-capital | 161 | 162 |
| Retained earnings | 2,999 | 3,028 |
| Accumulated other comprehensive income (loss) | ||
| Net unrealized derivative losses, net of tax | 0 | (1) |
| Foreign currency translation adjustments, net of tax | 8 | (58) |
| Total accumulated other comprehensive income (loss) | 8 | (59) |
| Total shareholder's equity | 3,168 | 3,131 |
| Total liabilities and shareholder's equity | 33,795 | 31,141 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2012 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 22, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues | |||
| Non-interest revenues | |||
| Discount revenue | $ 17,739 | 16,734 | 14,880 |
| Net card fees | 2,506 | 2,448 | 2,321 |
| Travel commissions and fees | 1,940 | 1,971 | 1,773 |
| Other commissions and fees | 2,317 | 2,269 | 2,031 |
| Other | 2,452 | 2,164 | 1,927 |
| Total non-interest revenues | 26,954 | 25,586 | 22,932 |
| Interest income | |||
| Interest on loans | 6,511 | 6,272 | 6,564 |
| Interest and dividends on investment securities | 246 | 327 | 443 |
| Deposits with banks and other | 97 | 97 | 66 |
| Total interest income | 6,854 | 6,696 | 7,073 |
| Interest expense | |||
| Deposits | 480 | 528 | 546 |
| Long-term debt and other | 1,746 | 1,792 | 1,877 |
| Total interest expense | 2,226 | 2,320 | 2,423 |
| Net interest income | 4,628 | 4,376 | 4,650 |
| Total revenues net of interest expense | 31,582 | 29,962 | 27,582 |
| Provisions for losses | |||
| Charge card | 742 | 770 | 595 |
| Cardmember loans | 1,149 | 253 | 1,527 |
| Other | 99 | 89 | 85 |
| Total provisions for losses | 1,990 | 1,112 | 2,207 |
| Total revenues net of interest expense after provisions for losses | 29,592 | 28,850 | 25,375 |
| Expenses | |||
| Marketing, promotion, rewards and cardmember services | 9,971 | 9,930 | 8,738 |
| Salaries and employee benefits | 6,597 | 6,252 | 5,566 |
| Other, net | 6,573 | 5,712 | 5,107 |
| Total | 23,141 | 21,894 | 19,411 |
| Pretax income from continuing operations | 6,451 | 6,956 | 5,964 |
| Income tax provision | 1,969 | 2,057 | 1,907 |
| Income from continuing operations | 4,482 | 4,899 | 4,057 |
| Income from discontinued operations | 0 | 36 | 0 |
| Net income | 4,482 | 4,935 | 4,057 |
| Earnings Per Share, Basic [Abstract] | |||
| Income from continuing operations attributable to common shareholders | 3.91 | 4.11 | 3.37 |
| Income from discontinued operations | 0.00 | 0.03 | 0.00 |
| Net income attributable to common shareholders | 3.91 | 4.14 | 3.37 |
| Earnings Per Share, Diluted [Abstract] | |||
| Income from continuing operations attributable to common shareholders | 3.89 | 4.09 | 3.35 |
| Income from discontinued operations | 0.00 | 0.03 | 0.00 |
| Net income attributable to common shareholders | 3.89 | 4.12 | 3.35 |
| Average common shares outstanding for earnings per common share: | |||
| Basic | 1,135 | 1,178 | 1,188 |
| Diluted | 1,141 | 1,184 | 1,195 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2012 | |||
Statement of Other Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 22, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 4,482 | 4,935 | 4,057 |
| Other comprehensive income (loss) | |||
| Net unrealized securities gains, net of tax | 27 | 231 | (135) |
| Net unrealized derivative (losses) gains, net of tax | 1 | 6 | 21 |
| Foreign currency translation adjustments, net of tax | (72) | (179) | 219 |
| Pension and other postretirement benefit losses | (7) | (17) | 5 |
| Other comprehensive income (loss) | (51) | 41 | 110 |
| Comprehensive income | 4,431 | 4,976 | 4,167 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 22, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 4,482 | 4,935 | 4,057 |
| Income from discontinued operations, net of tax | 0 | (36) | 0 |
| Income from continuing operations | 4,482 | 4,899 | 4,057 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provisions for losses | 1,990 | 1,112 | 2,207 |
| Depreciation and amortization | 991 | 918 | 917 |
| Deferred taxes and other | 218 | 818 | 1,135 |
| Stock-based compensation | 297 | 301 | 287 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Other receivables | 153 | 663 | (498) |
| Other assets | 390 | (635) | (590) |
| Accounts payable and other liabilities | (358) | 2,186 | 1,531 |
| Travelers Cheques outstanding and other prepaid products | (540) | (494) | (317) |
| Premium paid on debt exchange | (541) | 0 | 0 |
| Net cash provided by operating activities | 7,082 | 9,768 | 8,729 |
| Cash Flows from Investing Activities | |||
| Sale of investments | 525 | 1,176 | 2,196 |
| Maturity and redemption of investments | 1,562 | 6,074 | 12,066 |
| Purchase of investments | (473) | (1,158) | (7,804) |
| Net increase in cardmember loans/receivables | (6,671) | (8,358) | (6,389) |
| Purchase of premises and equipment, net of sales | (1,053) | (1,189) | (878) |
| Acquisitions/Dispositions, net of cash acquired | (466) | (610) | (400) |
| Net decrease (increase) in restricted cash | 31 | 3,574 | (20) |
| Net cash used in investing activities | (6,545) | (491) | (1,229) |
| Cash Flows from Financing Activities | |||
| Net increase in customer deposits | 2,300 | 8,232 | 3,406 |
| Net (decrease) increase in short-term borrowings | (1,015) | 705 | 1,262 |
| Issuance of long-term debt | 13,934 | 13,982 | 5,918 |
| Principal payments on long-term debt | (14,076) | (21,029) | (17,670) |
| Issuance of American Express common shares | 443 | 594 | 663 |
| Repurchase of American Express common shares | (3,952) | (2,300) | (590) |
| Dividends paid | (902) | (861) | (867) |
| Net cash used in financing activities | (3,268) | (677) | (7,878) |
| Effect of exchange rate changes on cash | 88 | (63) | 135 |
| Net (decrease) increase in cash and cash equivalents | (2,643) | 8,537 | (243) |
| Cash and cash equivalents at beginning of year | 24,893 | 16,356 | |
| Cash and cash equivalents at end of year | 22,250 | 24,893 | 16,356 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AMERICAN EXPRESS CO | ||
Ticker: AXP Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 22, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Cash and cash equivalents | ||
| Cash and cash due from banks | $ 2,020 | 3,514 |
| Interest-bearing deposits in other banks (including securities purchased under resale agreements) | 19,892 | 20,572 |
| Short-term investment securities | 338 | 807 |
| Total | 22,250 | 24,893 |
| Accounts receivable | ||
| Cardmember receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity), less reserves | 42,338 | 40,452 |
| Other receivables, less reserves | 3,576 | 3,657 |
| Loans | ||
| Cardmember loans, (includes gross loans available to settle obligations of a consolidated variable interest entity), less reserves | 63,758 | 60,747 |
| Other loans, less reserves | 551 | 419 |
| Investment securities | 5,614 | 7,147 |
| Premises and equipment, at cost, less accumulated depreciation | 3,635 | 3,367 |
| Other assets (includes restricted cash of consolidated variable interest entities) | 11,418 | 12,655 |
| Total assets | 153,140 | 153,337 |
| Liabilities and Shareholders' Equity | ||
| Liabilities | ||
| Customer deposits | 39,803 | 37,898 |
| Travelers Cheques and other prepaid products | 4,601 | 5,123 |
| Accounts payable | 10,006 | 10,458 |
| Short-term borrowings | 3,314 | 4,337 |
| Long-term debt (includes debt issued by consolidated variable interest entities) | 58,973 | 59,570 |
| Other liabilities | 17,557 | 17,157 |
| Total liabilities | 134,254 | 134,543 |
| Shareholders' Equity | ||
| Common shares | 221 | 232 |
| Additional paid-in capital | 12,067 | 12,217 |
| Retained earnings | 7,525 | 7,221 |
| Accumulated other comprehensive (loss) income | ||
| Net unrealized securities gains, net of tax | 315 | 288 |
| Net unrealized derivatives losses, net of tax | 0 | (1) |
| Foreign currency translation adjustments, net of tax | (754) | (682) |
| Net unrealized pension and other postretirement benefit losses, net of tax | (488) | (481) |
| Total accumulated other comprehensive loss | (927) | (876) |
| Total shareholders' equity | 18,886 | 18,794 |
| Total liabilities and shareholders' equity | 153,140 | 153,337 |
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2012 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |