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: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Mar 15, 2012) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
Cash Flows from Operating Activities | |||
Net income | $ 397 | 348 | 362 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Provisions for losses | 80 | 128 | 214 |
Amortization and other | 3 | 29 | 26 |
Deferred taxes | (35) | 39 | 17 |
Changes in operating assets and liabilities: | |||
Due from affiliates, net | 73 | 61 | 174 |
Other operating assets and liabilities | 471 | 300 | 78 |
Net cash provided by operating activities | 989 | 905 | 871 |
Cash Flows from Investing Activities | |||
Net increase in cardmember receivables and loans | (600) | (2,774) | 775 |
Maturities of investments | 0 | 2,000 | 1,000 |
Net decrease (increase) in loans to affiliates | (500) | (194) | 3,038 |
Net (increase) decrease in due from affiliates | (1,871) | 2,709 | (1,438) |
Net cash used in investing activities | (2,971) | 1,741 | 3,375 |
Cash Flows from Financing Activities | |||
Net increase in short-term debt | (9) | (371) | (6,350) |
Net increase (decrease) in short-term debt to affiliates | 255 | (127) | (4,424) |
Issuance of long-term debt | 8,523 | 2,396 | 3,697 |
Principal payments on long-term debt | (6,436) | (3,610) | (5,322) |
Dividends paid | (865) | (260) | (400) |
Net cash provided by (used in) financing activities | 1,468 | (1,972) | (12,799) |
Effect of exchange rate changes on cash and cash equivalents | 6 | 10 | 2 |
Net (decrease) increase in cash and cash equivalents | (508) | 684 | (8,551) |
Cash and cash equivalents at beginning of period | 988 | 304 | |
Cash and cash equivalents at end of period | 480 | 988 | 304 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
Cash Flows from Operating Activities | |||
Net income | $ 4,935 | 4,057 | 2,130 |
Income (loss) from discontinued operations, net of tax | (36) | 0 | 7 |
Income from continuing operations | 4,899 | 4,057 | 2,137 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Provisions for losses | 1,112 | 2,207 | 5,313 |
Depreciation and amortization | 918 | 917 | 1,070 |
Deferred taxes and other | 818 | 1,135 | (1,429) |
Stock-based compensation | 301 | 287 | 230 |
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
Other receivables | 663 | (498) | (730) |
Other assets | (635) | (590) | 526 |
Accounts payable and other liabilities | 2,893 | 1,737 | (98) |
Travelers Cheques outstanding | (494) | (317) | (449) |
Net cash (used in) provided by operating activities attributable to discontinued operations | 0 | 0 | (233) |
Net cash provided by operating activities | 10,475 | 8,935 | 6,337 |
Cash Flows from Investing Activities | |||
Sale of investments | 1,176 | 2,196 | 2,930 |
Maturity and redemption of investments | 6,074 | 12,066 | 2,900 |
Purchase of investments | (1,158) | (7,804) | (13,719) |
Net (increase) decrease in cardmember loans/receivables | (8,358) | (6,389) | 6,154 |
Proceeds from cardmember loan securitizations | 0 | 0 | 2,244 |
Maturities of cardmember loan securitizations | 0 | 0 | (4,800) |
Purchase of premises and equipment, net of sales | (1,189) | (878) | (722) |
Acquisitions/Dispositions, net of cash acquired | (610) | (400) | 0 |
Net (increase) decrease in restricted cash | 3,574 | (20) | (1,935) |
Net cash provided by investing activities attributable to discontinued operations | 0 | 0 | 196 |
Net cash provided by (used in) investing activities | (491) | (1,229) | (6,752) |
Cash Flows from Financing Activities | |||
Net increase in customer deposits | 8,232 | 3,406 | 11,037 |
Net increase (decrease) in short-term borrowings | (2) | 1,056 | (6,574) |
Issuance of long-term debt | 13,982 | 5,918 | 6,697 |
Principal payments on long-term debt | (21,029) | (17,670) | (15,197) |
Issuance of American Express Series A preferred shares and warrants | 0 | 0 | 3,389 |
Issuance of American Express common shares | 594 | 663 | 614 |
Repurchase of American Express Series A preferred shares | 0 | 0 | (3,389) |
Repurchase of American Express stock warrants | 0 | 0 | (340) |
Repurchase of American Express common shares | (2,300) | (590) | 0 |
Dividends paid | (861) | (867) | (924) |
Net cash provided by financing activities attributable to discontinued operations | 0 | 0 | 40 |
Net cash used in financing activities | (1,384) | (8,084) | (4,647) |
Effect of exchange rate changes on cash | (63) | 135 | 7 |
Net increase (decrease) in cash and cash equivalents | 8,537 | (243) | (5,055) |
Cash and cash equivalents at beginning of year | 16,356 | 16,599 | |
Cash and cash equivalents at end of year | 24,893 | 16,356 | 16,599 |
External Links | |
AMERICAN EXPRESS CO (AXP) Fiscal Year 2011 | |
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 |