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: 2009 | |||
Statement Of Cash Flows Indirect Deposit Based Operations | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 2,130 | 2,699 | 4,012 |
| Loss from discontinued operations, net of tax | 7 | 172 | 114 |
| Income from continuing operations | 2,137 | 2,871 | 4,126 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities | |||
| Provisions for losses | 5,313 | 5,798 | 4,103 |
| Depreciation and amortization | 1,070 | 712 | 648 |
| Deferred taxes, acquisition costs and other | (1,429) | 442 | (851) |
| Stock-based compensation | 202 | 229 | 276 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Other receivables | (730) | 101 | (927) |
| Other assets | 526 | (2,256) | (226) |
| Accounts payable and other liabilities | (23) | 885 | 1,013 |
| Travelers Cheques outstanding | (449) | (770) | (22) |
| Net cash (used in) provided by operating activities attributable to discontinued operations | (233) | 129 | (129) |
| Net cash provided by operating activities | 6,384 | 8,141 | 8,011 |
| Cash Flows from Investing Activities | |||
| Sale of investments | 2,930 | 4,657 | 3,034 |
| Maturity and redemption of investments | 2,900 | 9,620 | 6,154 |
| Purchase of investments | (13,719) | (14,724) | (9,592) |
| Net decrease (increase) in cardmember loans/receivables | 6,154 | 5,940 | (20,377) |
| Proceeds from cardmember loan securitizations | 2,244 | 9,619 | 7,825 |
| Maturities of cardmember loan securitizations | (4,800) | (4,670) | (3,500) |
| Purchase of premises and equipment | (772) | (977) | (938) |
| Sale of premises and equipment | 50 | 27 | 55 |
| Acquisitions, net of cash acquired | 0 | (4,589) | (124) |
| Net (increase) decrease in restricted cash | (1,935) | 33 | 56 |
| Net cash provided by investing activities attributable to discontinued operations | 196 | 2,625 | 786 |
| Net cash (used in) provided by investing activities | (6,752) | 7,561 | (16,621) |
| Cash Flows from Financing Activities | |||
| Net change in interest-bearing deposits | 11,037 | 358 | 3,361 |
| Net (decrease) increase in short-term borrowings | (6,574) | (8,693) | 2,682 |
| Issuance of long-term debt | 6,697 | 19,213 | 20,833 |
| Principal payments on long-term debt | (15,197) | (13,787) | (9,214) |
| Issuance of American Express Series A preferred shares and warrants | 3,389 | 0 | 0 |
| Issuance of American Express common shares | 614 | 176 | 852 |
| Repurchase of American Express Series A preferred shares | (3,389) | 0 | 0 |
| Repurchase of American Express stock warrants | (340) | 0 | 0 |
| Repurchase of American Express common shares | 0 | (218) | (3,572) |
| Dividends paid | (924) | (836) | (712) |
| Net cash provided by (used in) financing activities attributable to discontinued operations | 40 | (6,653) | 1,236 |
| Net cash (used in) provided by financing activities | (4,647) | (10,440) | 15,466 |
| Effect of exchange rate changes on cash | 7 | 20 | 166 |
| Net (decrease) increase in cash and cash equivalents | (5,008) | 5,282 | 7,022 |
| Cash and cash equivalents at beginning of year includes cash of discontinued operations: 2009, $3; 2008, $6,390; 2007, $4,445 | 20,550 | 15,268 | |
| Cash and cash equivalents at end of year includes cash of discontinued operations: 2009, $0; 2008, $3; 2007, $6,390 | 15,542 | 20,550 | 15,268 |
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2009 | |
| 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 |