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: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Mar 10, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 353 | 446 | 339 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provisions for losses | 202 | 148 | 143 |
| Amortization and other | 24 | 20 | 24 |
| Deferred taxes | (17) | 9 | 16 |
| Changes in operating assets and liabilities: | |||
| Interest, taxes and other amounts due from affiliates, net | 44 | (199) | 61 |
| Other operating assets and liabilities | (455) | (675) | (196) |
| Net cash provided by (used in) operating activities | 151 | (251) | 387 |
| Cash Flows from Investing Activities | |||
| Net (increase) decrease in Card Member receivables and loans | (251) | 936 | (2,685) |
| Net (increase) decrease in loans to affiliates | (4,746) | 1,210 | (1,413) |
| Net decrease in due from affiliates | 662 | 6 | 1,775 |
| Net cash (used in) provided by investing activities | (4,335) | 2,152 | (2,323) |
| Cash Flows from Financing Activities | |||
| Net increase (decrease) in short-term debt | 569 | 179 | (620) |
| Net increase (decrease) in short-term debt to affiliates | 798 | (524) | 53 |
| Issuance of long-term debt | 7,509 | 3,549 | 4,244 |
| Principal payments on long-term debt | (4,355) | (4,845) | (1,596) |
| Dividends paid | (342) | (441) | (368) |
| Net cash provided by (used in) financing activities | 4,179 | (2,082) | 1,713 |
| Effect of exchange rate changes on cash and cash equivalents | (7) | (8) | 18 |
| Net decrease in cash and cash equivalents | (12) | (189) | (205) |
| Cash and cash equivalents at beginning of period | 86 | 275 | |
| Cash and cash equivalents at end of period | 74 | 86 | 275 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 5,885 | 5,359 | 4,482 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Provisions for losses | 2,044 | 1,832 | 1,712 |
| Depreciation and amortization | 1,012 | 1,020 | 991 |
| Deferred taxes and other | (941) | (5) | 496 |
| Stock-based compensation | 290 | 350 | 297 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Other receivables | (56) | (73) | 153 |
| Other assets | 650 | 335 | 390 |
| Accounts payable and other liabilities | 2,594 | 88 | (358) |
| Travelers Cheques and other prepaid products | (488) | (359) | (540) |
| Premium paid on debt exchange | 0 | 0 | (541) |
| Net cash provided by operating activities | 10,990 | 8,547 | 7,082 |
| Cash Flows from Investing Activities | |||
| Sales of available-for-sale investment securities | 242 | 217 | 525 |
| Maturities and redemptions of available-for-sale investment securities | 1,116 | 1,292 | 1,562 |
| Sales of other investments | 990 | 0 | 0 |
| Purchase of investments | (886) | (1,348) | (473) |
| Net increase in Card Member loans/receivables | (8,077) | (6,301) | (6,671) |
| Purchase of premises and equipment, net of sales: 2014, $3; 2013, $72; 2012, $3 | (1,195) | (1,006) | (1,053) |
| Acquisitions/dispositions, net of cash acquired | (229) | (195) | (466) |
| Net decrease in restricted cash | 72 | 72 | 31 |
| Net cash (used in) provided by investing activities | (7,967) | (7,269) | (6,545) |
| Cash Flows from Financing Activities | |||
| Net increase in customer deposits | 2,459 | 1,195 | 2,300 |
| Net (decrease) increase in short-term borrowings | (1,374) | 1,843 | (1,015) |
| Issuance of long-term debt | 16,020 | 11,995 | 13,934 |
| (Principal payments on) / issuance of long term debt | (12,768) | (14,763) | (14,076) |
| Issuance of American Express preferred shares | 742 | 0 | 0 |
| Issuance of American Express common shares | 362 | 721 | 443 |
| Repurchase of American Express common shares | (4,389) | (3,943) | (3,952) |
| Dividends paid | (1,041) | (939) | (902) |
| Net cash provided by (used in) financing activities | 11 | (3,891) | (3,268) |
| Effect of exchange rate changes on cash and cash equivalents | (232) | (151) | 88 |
| Net increase (decrease) in cash and cash equivalents | 2,802 | (2,764) | (2,643) |
| Cash and cash equivalents at beginning of year | 19,486 | 22,250 | |
| Cash and cash equivalents at end of year | 22,288 | 19,486 | 22,250 |
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2014 | |
| 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 |