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: 2010 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Cash and cash equivalents | ||
| Cash and cash due from banks | $ 2,498 | 1,525 |
| Interest-bearing deposits in other banks (including securities purchased under resale agreements: 2010, $372; 2009, $212) | 13,557 | 11,010 |
| Short-term investment securities | 654 | 4,064 |
| Total | 16,709 | 16,599 |
| Accounts receivable | ||
| Cardmember receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity: 2010, $ 8,192; 2009, $ 8,314), less reserves: 2010, $ 386; 2009, $ 546 | 36,880 | 33,197 |
| Other receivables, less reserves: 2010, $175; 2009, $109 | 3,554 | 5,007 [1] |
| Loans | ||
| Cardmember loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2010, $ 34,726)(a), less reserves: 2010, $ 3,646; 2009, $ 3,268 | 57,204 | 29,504 |
| Other, less reserves: 2010, $24; 2009, $27 | 412 | 506 [2] |
| Investment securities | 14,010 | 20,700 |
| Premises and equipment - at cost, less accumulated depreciation: 2010, $4,483; 2009, $4,130 | 2,905 | 2,782 |
| Other assets (includes restricted cash of consolidated variable interest entities: 2010, $3,759; 2009, $1,799)(a) | 15,368 | 15,400 |
| Total assets | 147,042 | 125,145 |
| Liabilities and Shareholders' Equity | ||
| Liabilities | ||
| Customer deposits | 29,727 | 26,289 |
| Travelers Cheques outstanding | 5,618 | 5,975 |
| Accounts payable | 9,691 | 9,063 |
| Short-term borrowings | 3,414 | 2,344 |
| Long-term debt (includes debt issued by consolidated variable interest entities: 2010, $ 23,341 ; 2009, $ 4,970) | 66,416 | 77,300 |
| Other liabilities | 15,946 | 14,730 |
| Total liabilities | 130,812 | 110,739 |
| Commitments and contingencies (Note 24) | ||
| Shareholders' Equity | ||
| Common shares, $.20 par value, authorized 3.6 billion shares; issued and outstanding $1,197 million shares as of December 31, 2010 and 1,192 million shares as of December 31, 2009 | 238 | 237 |
| Additional paid-in capital | 11,937 | 11,144 |
| Retained earnings | 4,972 | 3,737 |
| Accumulated other comprehensive (loss) income | ||
| Net unrealized securities gains, net of tax: 2010, $(19); 2009, $(291) | 57 | 507 |
| Net unrealized derivatives losses, net of tax: 2010, $4; 2009, $15 | (7) | (28) |
| Foreign currency translation adjustments, net of tax: 2010, $405; 2009, $31 | (503) | (722) |
| Net unrealized pension and other postretirement benefit losses, net of tax: 2010, $226; 2009, $244 | (464) | (469) |
| Total accumulated other comprehensive loss | (917) | (712) |
| Total shareholders' equity | 16,230 | 12,637 |
| Total liabilities and shareholders' equity | 147,042 | 125,145 |
| Consolidated Balance Sheet Note [Abstract] | ||
| Variable Interest by Interest Type | ||
| Variable Interest Enterprise | ||
| Other assets (includes restricted cash of consolidated variable interest entities: 2010, $3,759; 2009, $1,799)(a) | 3,759 | 1,799 |
| Long-term debt (includes debt issued by consolidated variable interest entities: 2010, $ 23,341 ; 2009, $ 4,970) | 23,341 | 4,970 |
| Total, undivided, pro rata interest in an unconsolidated variable interest entity | 8,752 | |
| Cardmember loans, undivided, pro rata interest in an unconsolidated variable interest entity | 8,033 | |
| Other assets, undivided, pro rata interest in an unconsolidated variable interest entity | 719 | |
| Error Correction And Prior Period Adjustments Restatement By Restatement Period And Amount | ||
| Previously Reported | ||
| Investment securities | 24,337 | |
| Other assets (includes restricted cash of consolidated variable interest entities: 2010, $3,759; 2009, $1,799)(a) | 13,213 | |
| Long-term debt (includes debt issued by consolidated variable interest entities: 2010, $ 23,341 ; 2009, $ 4,970) | 52,338 | |
| Total shareholders' equity | 14,406 | |
| [1] Other receivables primarily represent amounts due from the Company's travel customers and suppliers, third-party issuing partners, accrued interest on investments and other receivables due to the Company in the ordinary course of business. As of December 31, 2009, these amounts also include $1.9 billion of cash held in an unconsolidated VIE required for daily settlement requirements. Beginning January 1, 2010, this VIE is consolidated by the Company and cash held by this consolidated VIE is considered restr | ||
| [2] Other loans primarily represent small business installment loans, a store card portfolio whose billed business is not processed on the Company's network and small business loans associated with the acquisition of CPS. | ||
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2010 | |
| 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 |