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 Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 4,057 | 2,130 | 2,699 |
| Loss from discontinued operations, net of tax | 0 | 7 | 172 |
| Income from continuing operations | 4,057 | 2,137 | 2,871 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities | |||
| Provisions for losses | 2,207 | 5,313 | 5,798 |
| Depreciation and amortization | 917 | 1,070 | 712 |
| Deferred taxes, acquisition costs and other | 1,135 | (1,429) | 442 |
| Stock-based compensation | 287 | 230 | 256 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Other receivables | (498) | (730) | 101 |
| Other assets | (590) | 526 | (2,256) |
| Accounts payable and other liabilities | 2,090 | (98) | 490 |
| Travelers Cheques outstanding | (317) | (449) | (770) |
| Net cash (used in) provided by operating activities attributable to discontinued operations | 0 | (233) | 129 |
| Net cash provided by operating activities | 9,288 | 6,337 | 7,773 |
| Cash Flows from Investing Activities | |||
| Sale of investments | 2,196 | 2,930 | 4,657 |
| Maturity and redemption of investments | 12,066 | 2,900 | 9,620 |
| Purchase of investments | (7,804) | (13,719) | (14,724) |
| Net (increase) decrease in cardmember loans/receivables | (6,389) | 6,154 | 5,940 |
| Proceeds from cardmember loan securitizations | 0 | 2,244 | 9,619 |
| Maturities of cardmember loan securitizations | 0 | (4,800) | (4,670) |
| Purchase of premises and equipment | (887) | (772) | (977) |
| Sale of premises and equipment | 9 | 50 | 27 |
| Acquisitions/Dispositions, net of cash acquired | (400) | 0 | (4,589) |
| Net (increase) decrease in restricted cash | (20) | (1,935) | 33 |
| Net cash provided by investing activities attributable to discontinued operations | 0 | 196 | 2,625 |
| Net cash (used in) provided by investing activities | (1,229) | (6,752) | 7,561 |
| Cash Flows from Financing Activities | |||
| Net increase in customer deposits | 3,406 | 11,037 | 358 |
| Net increase (decrease) in short-term borrowings | 1,056 | (6,574) | (8,693) |
| Issuance of long-term debt | 5,918 | 6,697 | 19,213 |
| Principal payments on long-term debt | (17,670) | (15,197) | (13,787) |
| Issuance of American Express Series A preferred shares and warrants | 0 | 3,389 | 0 |
| Issuance of American Express common shares | 663 | 614 | 176 |
| Repurchase of American Express Series A preferred shares | 0 | (3,389) | 0 |
| Repurchase of American Express stock warrants | 0 | (340) | 0 |
| Repurchase of American Express common shares | (590) | 0 | (218) |
| Dividends paid | (867) | (924) | (836) |
| Net cash provided by (used in) financing activities attributable to discontinued operations | 0 | 40 | (6,653) |
| Net cash used in financing activities | (8,084) | (4,647) | (10,440) |
| Effect of exchange rate changes on cash | 135 | 7 | 20 |
| Net increase (decrease) in cash and cash equivalents | 110 | (5,055) | 4,914 |
| Cash and cash equivalents at beginning of year includes cash of discontinued operations: 2010, $0; 2009, $3; 2008, $6,390 | 16,599 | 21,654 | |
| Cash and cash equivalents at end of year includes cash of discontinued operations: 2010, $0; 2009, $0; 2008, $3 | 16,709 | 16,599 | 21,654 |
| 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 |