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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K/A (Amendment Filed: June 22, 2018) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
Cash Flows from Operating Activities | |||
Net (loss) income | $ (603) | 197 | 214 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
Provisions for losses | 244 | 151 | 165 |
Amortization of underwriting expense | 28 | 23 | 30 |
Deferred taxes | 55 | 14 | 8 |
Changes in operating assets and liabilities: | |||
Interest, taxes and other amounts due to/from affiliates | 1,088 | (39) | (262) |
Other operating assets and liabilities | (378) | 475 | 458 |
Net cash provided by operating activities | 434 | 821 | 613 |
Cash Flows from Investing Activities | |||
Net increase in Card Member receivables and loans, including held for sale | (1,998) | (1,059) | (3,592) [1] |
Increase in interest bearing restricted cash to affiliates | (100) | 0 | 0 |
Net (increase) decrease in loans to affiliates and other | (1,245) | 2,973 | 152 |
Net (decrease) increase in due to/from affiliates | (1,718) | (515) | 2,605 |
Net cash (used in) provided by investing activities | (5,061) | 1,399 | (835) |
Cash Flows from Financing Activities | |||
Net (decrease) increase in short-term debt | (1,685) | 873 | 1,351 |
Net increase (decrease) in short-term debt to affiliates | 1,414 | (861) | 1,112 |
Proceeds from long-term debt | 8,438 | 3,791 | 6,522 |
Principal payments of long-term debt | (4,900) | (4,961) | (8,545) |
Proceeds from long-term debt to affiliates | 270 | 0 | 0 |
Dividends paid | 0 | 0 | (115) |
Net cash provided by (used in) financing activities | 3,537 | (1,158) | 325 |
Effect of foreign currency exchange rates on cash and cash equivalents | 75 | (24) | (4) |
Net (decrease) increase in cash and cash equivalents | (1,015) | 1,038 | 99 |
Cash and cash equivalents at beginning of year | 1,211 | 173 | |
Cash and cash equivalents at end of year | 196 | 1,211 | 173 |
[1] Refer to Note 1 for additional information |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Superseded Filed: Mar 1, 2018) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
Cash Flows from Operating Activities | |||
Net (loss) income | $ (603) | 197 | 214 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
Provisions for losses | 244 | 151 | 165 |
Amortization of underwriting expense | 28 | 23 | 30 |
Deferred taxes | 55 | 14 | 8 |
Changes in operating assets and liabilities: | |||
Interest, taxes and other amounts due to/from affiliates | 1,088 | (39) | (262) |
Other operating assets and liabilities | (378) | 475 | 458 |
Net cash provided by operating activities | 434 | 821 | 613 |
Cash Flows from Investing Activities | |||
Net increase in Card Member receivables and loans, including held for sale | (1,998) | (1,059) | (3,592) [1] |
Increase in interest bearing restricted cash to affiliates | (100) | 0 | 0 |
Net (increase) decrease in loans to affiliates and other | (1,245) | 2,973 | 152 |
Net (decrease) increase in due to/from affiliates | (1,718) | (515) | 2,605 |
Net cash (used in) provided by investing activities | (5,061) | 1,399 | (835) |
Cash Flows from Financing Activities | |||
Net (decrease) increase in short-term debt | (1,685) | 873 | 1,351 |
Net increase (decrease) in short-term debt to affiliates | 1,414 | (861) | 1,112 |
Proceeds from long-term debt | 8,438 | 3,791 | 6,522 |
Principal payments of long-term debt | (4,900) | (4,961) | (8,545) |
Proceeds from long-term debt to affiliates | 270 | 0 | 0 |
Dividends paid | 0 | 0 | (115) |
Net cash provided by (used in) financing activities | 3,537 | (1,158) | 325 |
Effect of foreign currency exchange rates on cash and cash equivalents | 75 | (24) | (4) |
Net (decrease) increase in cash and cash equivalents | (1,015) | 1,038 | 99 |
Cash and cash equivalents at beginning of year | 1,211 | 173 | |
Cash and cash equivalents at end of year | 196 | 1,211 | 173 |
[1] Refer to Note 1 for additional information |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | |||
(In Thousands, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
Cash flows from operating activities | |||
Net loss | $ (28,983) | (19,423) | (11,161) |
Adjustments to reconcile net loss to net cash used in operating activities: | |||
Depreciation and amortization | 667 | 237 | 86 |
Amortization of debt discount and deferred issuance cost | 211 | 111 | 37 |
Loss of disposal of assets | 14 | ||
Interest on convertible bridge notes payable converted to common stock | 70 | ||
Changes in fair value of warrant liabilities | (42) | ||
Inventory write-down | 2,990 | 1,537 | 527 |
Stock-based compensation | 707 | 377 | 111 |
Sales returns reserve | 179 | ||
Changes in operating assets and liabilities: | |||
Accounts receivable | (1,083) | (41) | (77) |
Inventory | (9,383) | (2,423) | (883) |
Prepaid expenses and other assets | (499) | (390) | (175) |
Accounts payable | 1,460 | 325 | 473 |
Accrued expenses | 1,279 | 522 | 199 |
Net cash used in operating activities | (32,455) | (19,154) | (10,835) |
Cash flows from investing activities | |||
Purchase of property and equipment | (2,587) | (1,151) | (840) |
Maturities of short-term investments | 13,564 | ||
Purchases of short-term investments | (31,992) | ||
Net cash used in investing activities | (21,015) | (1,151) | (840) |
Cash flows from financing activities | |||
Proceeds from debt issuance, net of issuance costs | 14,717 | ||
Proceeds from convertible bridge notes payable | 4,960 | ||
Principal payments on notes payable | (1,272) | (1,500) | (953) |
Proceeds from issuance of common stock, net of issuance costs | 32,649 | 14,159 | 25,080 |
Proceeds from exercise of stock options | 61 | 10 | 1 |
Proceeds from exercise of warrants for common stock | 49 | ||
Net cash provided by financing activities | 46,155 | 12,669 | 29,137 |
Net (decrease) increase in cash and cash equivalents | (7,315) | (7,636) | 17,462 |
Cash and cash equivalents -- beginning of period | 11,477 | 19,113 | |
Cash and cash equivalents -- end of period | 4,162 | 11,477 | 19,113 |
Supplemental disclosure: | |||
Cash paid for interest | 445 | 138 | 240 |
Cash paid for taxes | 1 | 1 | 1 |
Supplemental schedule of noncash investing and financing activities: | |||
Conversion of preferred stock to common stock in connection with initial public offering (IPO) | 34,633 | ||
Conversion of convertible bridge notes payable and accrued interest to common stock in connection with IPO | 5,030 | ||
Conversion of warrant liabilities to equity | 123 | ||
Class of Warrant or Right | |||
Warrants to Purchase Class A Common Stock | |||
Issuance of warrant for 277,778 shares of Class A Common Stock in connection with debt | 277 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 16, 2018) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
Cash Flows from Operating Activities | |||
Net income | $ 2,736 | 5,408 | 5,163 |
Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
Provisions for losses | 2,759 | 2,026 | 1,988 |
Depreciation and amortization | 1,321 | 1,095 | 1,043 |
Deferred taxes and other | 783 | (1,132) | 507 |
Stock-based compensation | 282 | 254 | 234 |
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
Other receivables | 473 | (281) | (714) |
Other assets | (62) | 192 | 2,058 |
Accounts payable and other liabilities | 5,505 | 1,139 | 794 |
Travelers Cheques and other prepaid products | (257) | (410) | (367) |
Net cash provided by operating activities | 13,540 | 8,291 | 10,706 |
Cash Flows from Investing Activities | |||
Sales of available-for-sale investment securities | 2 | 88 | 12 |
Maturities and redemptions of available-for-sale investment securities | 2,494 | 2,429 | 2,091 |
Sales of other investments | 0 | 10 | 0 |
Purchase of investments | (2,612) | (2,162) | (1,713) |
Net increase in Card Member receivables and loans, including held for sale | (16,853) | 3,220 | (6,967) |
Purchase of premises and equipment | (1,062) | (1,375) | (1,341) |
Acquisitions/dispositions, net of cash acquired | (211) | (487) | (155) |
Net (increase) decrease in restricted cash | (31) | 145 | (120) |
Net cash (used in) provided by investing activities | (18,273) | 1,868 | (8,193) |
Cash Flows from Financing Activities | |||
Net increase (decrease) in customer deposits | 11,385 | (1,935) | 10,878 |
Net (decrease) increase in short-term borrowings | (2,300) | 888 | 1,395 |
Issuance of long-term debt | 32,764 | 8,824 | 9,923 |
Principal payments on long term debt | (24,082) | (9,848) | (19,246) |
Issuance of American Express preferred shares | 0 | 0 | 841 |
Issuance of American Express common shares | 129 | 177 | 193 |
Repurchase of American Express common shares | (4,300) | (4,400) | (4,500) |
Dividends paid | (1,251) | (1,207) | (1,172) |
Net cash provided by (used in) financing activities | 12,245 | (7,599) | (1,763) |
Effect of foreign currency exchange rates on cash and cash equivalents | 207 | (114) | (276) |
Net increase in cash and cash equivalents | 7,719 | 2,446 | 474 |
Cash and cash equivalents at beginning of year | 25,208 | 22,762 | |
Cash and cash equivalents at end of year | 32,927 | 25,208 | 22,762 |
External Links | |
AMERICAN EXPRESS CO (AXP) Fiscal Year 2017 | |
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 |