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: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Cash and cash equivalents | ||
| Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2021, $11; 2020, nil) | $ 1,292 | 2,984 |
| Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2021, $463; 2020, $92) | 20,548 | 29,824 |
| Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2021, $32; 2020, $47) | 188 | 157 |
| Total cash and cash equivalents | 22,028 | 32,965 |
| Investment securities | 2,591 | 21,631 |
| Premises and equipment, less accumulated depreciation and amortization: 2021, $8,602; 2020, $7,540 | 4,988 | 5,015 |
| Other assets, less reserves for credit losses: 2021, $25; 2020, $85 | 17,244 | 17,679 |
| Total assets | 188,548 | 191,367 |
| Liabilities and Shareholders Equity | ||
| Liabilities | ||
| Customer deposits | 84,382 | 86,875 |
| Accounts payable | 10,574 | 9,444 |
| Short-term borrowings | 2,243 | 1,878 |
| Long-term debt (includes debt issued by consolidated variable interest entities: 2021, $13,803; 2020, $12,760) | 38,675 | 42,952 |
| Other liabilities | 30,497 | 27,234 |
| Total liabilities | 166,371 | 168,383 |
| Contingencies and Commitments (Note 12) | ||
| Shareholders Equity | ||
| Preferred shares, $1.662/3 par value, authorized 20 million shares; issued and outstanding 1,600 shares as of December 31, 2021 and 2020 (Note 16) | 0 | 0 |
| Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 761 million shares as of December 31, 2021 and 805 million shares as of December 31, 2020 | 153 | 161 |
| Additional paid-in capital | 11,495 | 11,881 |
| Retained earnings | 13,474 | 13,837 |
| Accumulated other comprehensive income (loss) | ||
| Net unrealized debt securities gains, net of tax of: 2021, $7; 2020, $20 | 23 | 65 |
| Foreign currency translation adjustments, net of tax of: 2021, $(330); 2020, $(381) | (2,392) | (2,229) |
| Net unrealized pension and other postretirement benefits, net of tax of: 2021, $(184); 2020, $(236) | (576) | (731) |
| Total accumulated other comprehensive income (loss) | (2,945) | (2,895) |
| Total shareholders equity | 22,177 | 22,984 |
| Total liabilities and shareholders equity | 188,548 | 191,367 |
| Class of Financing Receivable, Type | ||
| Card Member receivables | ||
| Financing receivables, net | 53,581 | 43,434 |
| Card Member loans | ||
| Financing receivables, net | 85,257 | 68,029 |
| Other | ||
| Financing receivables, net | 2,859 | 2,614 |
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2021 | |
| 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 |