10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2013 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Mar 11, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenues | |||
| Discount revenue earned from purchased Card Member receivables and loans | $ 547 | 543 | 435 |
| Interest income from affiliates | 412 | 494 | 505 |
| Interest income from deposits | 2 | 8 | 6 |
| Finance revenue | 46 | 43 | 38 |
| Total revenues | 1,007 | 1,088 | 984 |
| Expenses | |||
| Provisions for losses | 148 | 143 | 80 |
| Interest expense | 590 | 731 | 695 |
| Interest expense to affiliates | 7 | 18 | 12 |
| Other, net | (88) | (92) | (152) |
| Total expenses | 657 | 800 | 635 |
| Pretax income | 350 | 288 | 349 |
| Income tax benefit | (96) | (51) | (48) |
| Net income | 446 | 339 | 397 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Mar 11, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net income | $ 446 | 339 | 397 |
| Other comprehensive (loss) income: | |||
| Net unrealized derivatives gains (losses), net of tax | 0 | 1 | (1) |
| Foreign currency translation adjustments, net of tax | (486) | 66 | 37 |
| Other comprehensive (loss) income | (486) | 67 | 36 |
| Comprehensive (loss) income | (40) | 406 | 433 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Mar 11, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 446 | 339 | 397 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provisions for losses | 148 | 143 | 80 |
| Amortization and other | 20 | 24 | 3 |
| Deferred taxes | 9 | 16 | (35) |
| Changes in operating assets and liabilities: | |||
| Interest, taxes and other amounts due from affiliates, net | (199) | 61 | 73 |
| Other operating assets and liabilities | (675) | (196) | 471 |
| Net cash (used in) provided by operating activities | (251) | 387 | 989 |
| Cash Flows from Investing Activities | |||
| Net decrease (increase ) in Card Member receivables and loans | 936 | (2,685) | (600) |
| Net decrease (increase) in loans to affiliates | 1,210 | (1,413) | (500) |
| Net decrease (increase) in due from affiliates | 6 | 1,775 | (1,871) |
| Net cash provided by (used in) investing activities | 2,152 | (2,323) | (2,971) |
| Cash Flows from Financing Activities | |||
| Net increase (decrease) in short-term debt | 179 | (620) | (9) |
| Net (decrease) increase in short-term debt to affiliates | (524) | 53 | 255 |
| Issuance of long-term debt | 3,549 | 4,244 | 8,523 |
| Principal payments on long-term debt | (4,845) | (1,596) | (6,436) |
| Dividends paid | (441) | (368) | (865) |
| Net cash (used in) provided by financing activities | (2,082) | 1,713 | 1,468 |
| Effect of exchange rate changes on cash and cash equivalents | (8) | 18 | 6 |
| Net decrease in cash and cash equivalents | (189) | (205) | (508) |
| Cash and cash equivalents at beginning of period | 275 | 480 | |
| Cash and cash equivalents at end of period | 86 | 275 | 480 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AMERICAN EXPRESS CO | ||
Ticker: AXP Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2013 10-K (Filed: Mar 11, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Cash and cash equivalents | $ 86 | 275 |
| Card Member receivables, less reserves | 14,458 | 15,279 |
| Card Member loans, less reserves | 519 | 457 |
| Loans to affiliates | 11,340 | 13,178 |
| Deferred charges and other assets | 143 | 430 |
| Due from affiliates | 3,380 | 4,176 |
| Total assets | 29,926 | 33,795 |
| Liabilities and Shareholder's Equity | ||
| Liabilities | ||
| Short-term debt | 200 | 18 |
| Short-term debt to affiliates | 3,583 | 4,096 |
| Long-term debt | 21,700 | 23,986 |
| Total debt | 25,483 | 28,100 |
| Due to affiliates | 1,323 | 2,022 |
| Accrued interest and other liabilities | 433 | 505 |
| Total liabilities | 27,239 | 30,627 |
| 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 | 161 |
| Retained earnings | 3,004 | 2,999 |
| Accumulated other comprehensive (loss) income | ||
| Foreign currency translation adjustments, net of tax | (478) | 8 |
| Total accumulated other comprehensive (loss) income | (478) | 8 |
| Total shareholder's equity | 2,687 | 3,168 |
| Total liabilities and shareholder's equity | 29,926 | 33,795 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2013 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenues | |||
| Non-interest revenues | |||
| Discount revenue | $ 18,695 | 17,739 | 16,734 |
| Net card fees | 2,631 | 2,506 | 2,448 |
| Travel commissions and fees | 1,913 | 1,940 | 1,971 |
| Other commissions and fees | 2,414 | 2,317 | 2,269 |
| Other | 2,274 | 2,425 | 2,164 |
| Total non-interest revenues | 27,927 | 26,927 | 25,586 |
| Interest income | |||
| Interest on loans | 6,718 | 6,511 | 6,272 |
| Interest and dividends on investment securities | 201 | 246 | 327 |
| Deposits with banks and other | 86 | 97 | 97 |
| Total interest income | 7,005 | 6,854 | 6,696 |
| Interest expense | |||
| Deposits | 442 | 480 | 528 |
| Long-term debt and other | 1,516 | 1,746 | 1,792 |
| Total interest expense | 1,958 | 2,226 | 2,320 |
| Net interest income | 5,047 | 4,628 | 4,376 |
| Total revenues net of interest expense | 32,974 | 31,555 | 29,962 |
| Provisions for losses | |||
| Charge card | 789 | 742 | 770 |
| Card Member loans | 1,229 | 1,149 | 253 |
| Other | 92 | 99 | 89 |
| Total provisions for losses | 2,110 | 1,990 | 1,112 |
| Total revenues net of interest expense after provisions for losses | 30,864 | 29,565 | 28,850 |
| Expenses | |||
| Marketing, promotion, rewards and Card Member services | 10,267 | 9,944 | 9,930 |
| Salaries and employee benefits | 6,191 | 6,597 | 6,252 |
| Other, net | 6,518 | 6,573 | 5,712 |
| Total | 22,976 | 23,114 | 21,894 |
| Pretax income from continuing operations | 7,888 | 6,451 | 6,956 |
| Income tax provision | 2,529 | 1,969 | 2,057 |
| Income from continuing operations | 5,359 | 4,482 | 4,899 |
| Income from discontinued operations, net of tax | 0 | 0 | 36 |
| Net income | 5,359 | 4,482 | 4,935 |
| Earnings per Common Share Basic: (Note 18) | |||
| Income from continuing operations attributable to common shareholders | 4.91 | 3.91 | 4.11 |
| Income from discontinued operations | 0.00 | 0.00 | 0.03 |
| Net income attributable to common shareholders | 4.91 | 3.91 | 4.14 |
| Earnings per Common Share Diluted: (Note 18) | |||
| Income from continuing operations attributable to common shareholders | 4.88 | 3.89 | 4.09 |
| Income from discontinued operations | 0.00 | 0.00 | 0.03 |
| Net income attributable to common shareholders | 4.88 | 3.89 | 4.12 |
| Average common shares outstanding for earnings per common share: | |||
| Basic | 1,082 | 1,135 | 1,178 |
| Diluted | 1,089 | 1,141 | 1,184 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net income | $ 5,359 | 4,482 | 4,935 |
| Other comprehensive (loss) income: | |||
| Net unrealized securities (losses) gains, net of tax | (252) | 27 | 231 |
| Net unrealized derivative gains, net of tax | 0 | 1 | 6 |
| Foreign currency translation adjustments, net of tax | (336) | (72) | (179) |
| Net unrealized pension and other post retirement benefit gains (losses), net of tax | 89 | (7) | (17) |
| Other comprehensive (loss) income | (499) | (51) | 41 |
| Comprehensive income | 4,860 | 4,431 | 4,976 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 5,359 | 4,482 | 4,935 |
| Income from discontinued operations, net of tax | 0 | 0 | (36) |
| Income from continuing operations | 5,359 | 4,482 | 4,899 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Provisions for losses | 2,110 | 1,990 | 1,112 |
| Depreciation and amortization | 1,020 | 991 | 918 |
| Deferred taxes and other | (283) | 218 | 818 |
| Stock-based compensation | 350 | 297 | 301 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Other receivables | (73) | 153 | 663 |
| Other assets | 335 | 390 | (635) |
| Accounts payable and other liabilities | 88 | (358) | 2,186 |
| Travelers Cheques and other prepaid products | (359) | (540) | (494) |
| Premium paid on debt exchange | 0 | (541) | 0 |
| Net cash provided by operating activities | 8,547 | 7,082 | 9,768 |
| Cash Flows from Investing Activities | |||
| Sale of investments | 217 | 525 | 1,176 |
| Maturity and redemption of investments | 1,292 | 1,562 | 6,074 |
| Purchase of investments | (1,348) | (473) | (1,158) |
| Net increase in Card Member loans/receivables | (6,301) | (6,671) | (8,358) |
| Purchase of premises and equipment, net of sales | (1,006) | (1,053) | (1,189) |
| Acquisitions/dispositions, net of cash acquired/sold | (195) | (466) | (610) |
| Net decrease in restricted cash | 72 | 31 | 3,574 |
| Net cash provided by (used in) investing activities | (7,269) | (6,545) | (491) |
| Cash Flows from Financing Activities | |||
| Net increase in customer deposits | 1,195 | 2,300 | 8,232 |
| Net increase (decrease) in short-term borrowings | 1,843 | (1,015) | 705 |
| Issuance of long-term debt | 11,995 | 13,934 | 13,982 |
| Principal payments on long-term debt | (14,763) | (14,076) | (21,029) |
| Issuance of American Express common shares | 721 | 443 | 594 |
| Repurchase of American Express common shares | (3,943) | (3,952) | (2,300) |
| Dividends paid | (939) | (902) | (861) |
| Net cash used in financing activities | (3,891) | (3,268) | (677) |
| Effect of exchange rate changes on cash and cash equivalents | (151) | 88 | (63) |
| Net (decrease) increase in cash and cash equivalents | (2,764) | (2,643) | 8,537 |
| Cash and cash equivalents at beginning of year | 22,250 | 24,893 | |
| Cash and cash equivalents at end of year | 19,486 | 22,250 | 24,893 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AMERICAN EXPRESS CO | ||
Ticker: AXP Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Cash and cash equivalents | ||
| Cash and cash due from banks | $ 2,212 | 2,020 |
| Interest-bearing deposits in other banks (including securities purchased under resale agreements) | 16,776 | 19,892 |
| Short-term investment securities | 498 | 338 |
| Total cash and cash equivalents | 19,486 | 22,250 |
| Accounts receivable | ||
| Card Member receivables (includes gross receivables available to settle obligations of consolidated variable interest entities), less reserves | 43,777 | 42,338 |
| Other receivables, less reserves | 3,408 | 3,576 |
| Loans | ||
| Card Member loans, (includes gross loans available to settle obligations of consolidated variable interest entities), less reserves | 65,977 | 63,758 |
| Other loans, less reserves | 608 | 551 |
| Investment securities | 5,016 | 5,614 |
| Premises and equipment, less accumulated depreciation and amortization | 3,875 | 3,635 |
| Other assets (includes restricted cash of consolidated variable interest entities) | 11,228 | 11,418 |
| Total assets | 153,375 | 153,140 |
| Liabilities and Shareholders' Equity | ||
| Liabilities | ||
| Customer deposits | 41,763 | 39,803 |
| Travelers Cheques and other prepaid products | 4,240 | 4,601 |
| Accounts payable | 10,615 | 10,006 |
| Short-term borrowings (includes debt issued by consolidated variable interest entities) | 5,021 | 3,314 |
| Long-term debt (includes debt issued by consolidated variable interest entities) | 55,330 | 58,973 |
| Other liabilities | 16,910 | 17,557 |
| Total liabilities | 133,879 | 134,254 |
| Shareholders' Equity | ||
| Common shares | 213 | 221 |
| Additional paid-in capital | 12,202 | 12,067 |
| Retained earnings | 8,507 | 7,525 |
| Accumulated other comprehensive (loss) income | ||
| Net unrealized securities gains, net of tax | 63 | 315 |
| Foreign currency translation adjustments, net of tax | (1,090) | (754) |
| Net unrealized pension and other postretirement benefit losses, net of tax | (399) | (488) |
| Total accumulated other comprehensive loss | (1,426) | (927) |
| Total shareholders' equity | 19,496 | 18,886 |
| Total liabilities and shareholders' equity | 153,375 | 153,140 |
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2013 | |
| 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 |