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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 197 | 214 | 353 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provisions for losses | 151 | 165 | 202 |
| Amortization of underwriting expenses | 23 | 30 | 24 |
| Deferred taxes | 14 | 8 | (17) |
| Changes in operating assets and liabilities: | |||
| Interest, taxes and other amounts due to/from affiliates | (39) | (262) | 44 |
| Other operating assets and liabilities | 475 | 458 | (455) |
| Net cash provided by operating activities | 821 | 613 | 151 |
| Cash Flows from Investing Activities | |||
| Net (increase) in Card Member receivables and loans, including held for sale | (1,059) | (3,592) | (251) |
| Net decrease (increase) in loans to affiliates and other | 2,973 | 152 | (4,746) |
| Net (decrease) increase in due to/from affiliates | (515) | 2,605 | 662 |
| Net cash provided by (used in) investing activities | 1,399 | (835) | (4,335) |
| Cash Flows from Financing Activities | |||
| Net increase in short-term debt | 873 | 1,351 | 569 |
| Net (decrease) increase in short-term debt to affiliates | (861) | 1,112 | 798 |
| Issuance of long-term debt | 3,791 | 6,522 | 7,509 |
| Principal payments on long-term debt | (4,961) | (8,545) | (4,355) |
| Dividends paid | 0 | (115) | (342) |
| Net cash (used in) provided by financing activities | (1,158) | 325 | 4,179 |
| Effect of foreign currency exchange rates on cash and cash equivalents | (24) | (4) | (7) |
| Net increase (decrease) in cash and cash equivalents | 1,038 | 99 | (12) |
| Cash and cash equivalents at beginning of year | 173 | 74 | |
| Cash and cash equivalents at end of year | 1,211 | 173 | 74 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 17, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 5,408 | 5,163 | 5,885 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Provisions for losses | 2,026 | 1,988 | 2,044 |
| Depreciation and amortization | 1,095 | 1,043 | 1,012 |
| Deferred taxes and other | (1,132) | 507 | (941) |
| Stock-based compensation | 254 | 234 | 290 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Other receivables | (281) | (714) | (56) |
| Other assets | 192 | 2,058 | 650 |
| Accounts payable and other liabilities | 1,072 | 699 | 2,594 |
| Travelers Cheques and other prepaid products | (410) | (367) | (488) |
| Premium paid on debt exchange | 0 | 0 | 0 |
| Net cash provided by operating activities | 8,224 | 10,611 | 10,990 |
| Cash Flows from Investing Activities | |||
| Sales of available-for-sale investment securities | 88 | 12 | 242 |
| Maturities and redemptions of available-for-sale investment securities | 2,429 | 2,091 | 1,116 |
| Sales of other investments | 10 | 0 | 990 |
| Purchase of investments | (2,162) | (1,713) | (886) |
| Net decrease (increase) in Card Member receivables and loans, including held for sale | 3,220 | (6,967) | (8,077) |
| Purchase of premises and equipment | (1,375) | (1,341) | (1,195) |
| Acquisitions/dispositions, net of cash acquired | (487) | (155) | (229) |
| Net decrease (increase) in restricted cash | 145 | (120) | 72 |
| Net cash provided by (used in) investing activities | 1,868 | (8,193) | (7,967) |
| Cash Flows from Financing Activities | |||
| Net (decrease) increase in customer deposits | (1,935) | 10,878 | 2,459 |
| Net increase (decrease) in short-term borrowings | 888 | 1,395 | (1,374) |
| Issuance of long-term debt | 8,824 | 9,923 | 16,020 |
| Principal payments on long term debt | (9,848) | (19,246) | (12,768) |
| Issuance of American Express preferred shares | 0 | 841 | 742 |
| Issuance of American Express common shares | 177 | 193 | 362 |
| Repurchase of American Express common shares | (4,431) | (4,480) | (4,389) |
| Dividends paid | (1,207) | (1,172) | (1,041) |
| Net cash (used in) provided by financing activities | (7,532) | (1,668) | 11 |
| Effect of foreign currency exchange rates on cash and cash equivalents | (114) | (276) | (232) |
| Net increase in cash and cash equivalents | 2,446 | 474 | 2,802 |
| Cash and cash equivalents at beginning of year | 22,762 | 22,288 | |
| Cash and cash equivalents at end of year | 25,208 | 22,762 | 22,288 |
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2016 | |
| 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 |