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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Mar 1, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash Flows from Operating Activities | |||
| Net income (loss) | $ 387 | (603) | 197 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Provisions for losses | 249 | 244 | 151 |
| Amortization of underwriting expense | 25 | 28 | 23 |
| Deferred taxes | (35) | 55 | 14 |
| Changes in operating assets and liabilities: | |||
| Interest, taxes and other amounts due to/from affiliates | (90) | 1,088 | (39) |
| Other operating assets and liabilities | 405 | (378) | 475 |
| Net cash provided by operating activities | 941 | 434 | 821 |
| Cash Flows from Investing Activities | |||
| Net increase in Card Member receivables and Card Member loans including held for sale | (4,984) | (1,998) | (1,059) |
| Net (increase) decrease in loans to affiliates and other | (67) | (1,245) | 2,973 |
| Net increase (decrease) in due to/from affiliates | 978 | (1,718) | (515) |
| Net cash (used in) provided by investing activities | (4,073) | (4,961) | 1,399 |
| Cash Flows from Financing Activities | |||
| Net (decrease) increase in short-term debt | (482) | (1,685) | 873 |
| Net (decrease) increase in short-term debt to affiliates | (97) | 1,414 | (861) [1] |
| Proceeds from long-term debt | 0 | 8,438 | 3,791 |
| Principal payments of long-term debt | (3,647) | (4,900) | (4,961) |
| Proceeds from long-term debt to affiliates | 11,812 | 270 | 0 |
| Principal Payments Of long-term Debt Affiliates | (4,546) | 0 | 0 |
| Net cash provided by (used in) financing activities | 3,040 | 3,537 | (1,158) |
| Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash | (9) | 75 | (24) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (101) | (915) | 1,038 |
| Cash, cash equivalents and restricted cash at beginning of period | 296 | 1,211 | |
| Cash, cash equivalents and restricted cash at end of period | 195 | 296 | 1,211 |
| [1] Pursuant to the revision of the master note arrangem ent with American Express Company during the fourth quarter of 2018, Credco has changed the classification of the net borrowings from s hort - term debt to affiliate s to l ong- term debt to affiliate s . Refer to Note 9 for additional information . | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AMERICAN EXPRESS CO | ||
Ticker: AXP Fiscal Year: 2018 | ||
Consolidated Statements of Cash Flows | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019) | ||
| (In Thousands, except shares in actual) | ||
| 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities | ||
| Net loss | $ (26,721) | (28,983) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,311 | 667 |
| Amortization of debt discount and deferred issuance cost | 476 | 211 |
| Loss on disposal of assets | 177 | |
| Inventory write-down | 1,546 | 2,990 |
| Stock-based compensation | 731 | 707 |
| Allowance for doubtful accounts | 26 | |
| Sales returns reserve | (56) | 179 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 287 | (1,083) |
| Inventory | (2,195) | (9,383) |
| Prepaid expenses and other assets | (307) | (499) |
| Accounts payable | (1,545) | 1,460 |
| Accrued expenses | 251 | 1,279 |
| Net cash used in operating activities | (26,019) | (32,455) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (691) | (2,587) |
| Maturities of short-term investments | 18,428 | 13,564 |
| Purchases of short-term investments | (31,992) | |
| Net cash provided by (used in) investing activities | 17,737 | (21,015) |
| Cash flows from financing activities | ||
| Proceeds from debt issuance, net of issuance costs | 14,717 | |
| Principal payments on notes payable | (1,272) | |
| Proceeds from issuance of common stock, net of issuance costs | 13,490 | 32,649 |
| Proceeds from exercise of stock options | 5 | 61 |
| Proceeds from exercise of warrants for common stock | ||
| Net cash provided by financing activities | 13,495 | 46,155 |
| Net increase (decrease) in cash and cash equivalents | 5,213 | (7,315) |
| Cash and cash equivalents -- beginning of period | 4,162 | 11,477 |
| Cash and cash equivalents -- end of period | 9,375 | 4,162 |
| Supplemental disclosure: | ||
| Cash paid for interest | 1,291 | 445 |
| Cash paid for taxes | 4 | 1 |
| Supplemental schedule of noncash investing and financing activities: | ||
| Issuance of warrant in connection with debt | 192 | 227 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 6,921 | 2,748 | 5,375 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Provisions for losses | 3,352 | 2,760 | 2,027 |
| Depreciation and amortization | 1,293 | 1,321 | 1,095 |
| Deferred taxes and other | 455 | 782 | (1,066) |
| Stock-based compensation | 283 | 282 | 254 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Other receivables | 248 | 475 | (332) |
| Other assets | 743 | (77) | 206 |
| Accounts payable and other liabilities | (4,121) | 5,506 | 1,180 |
| Travelers Cheques and other prepaid products | (244) | (257) | (448) |
| Net cash provided by operating activities | 8,930 | 13,540 | 8,291 |
| Cash Flows from Investing Activities | |||
| Sales of available-for-sale investment securities | 4 | 2 | 88 |
| Maturities and redemptions of available-for-sale investment securities | 3,499 | 2,494 | 2,429 |
| Sales of other investments | 0 | 0 | 10 |
| Purchase of investments | (5,434) | (2,612) | (2,162) |
| Net increase in Card Member receivables and loans, including held for sale | (15,854) | (16,853) | 3,220 |
| Purchase of premises and equipment | (1,310) | (1,062) | (1,375) |
| Acquisitions/dispositions, net of cash acquired | (520) | (211) | (487) |
| Net cash (used in) provided by investing activities | (19,615) | (18,242) | 1,723 |
| Cash Flows from Financing Activities | |||
| Net increase (decrease) in customer deposits | 5,542 | 11,385 | (1,935) |
| Net (decrease) increase in short-term borrowings | (148) | (2,300) | 888 |
| Issuance of long-term debt | 21,524 | 32,764 | 8,824 |
| Principal payments on long term debt | (18,895) | (24,082) | (9,848) |
| Issuance of American Express common shares | 87 | 129 | 177 |
| Repurchase of American Express common shares and other | (1,685) | (4,400) | (4,498) |
| Dividends paid | (1,324) | (1,251) | (1,207) |
| Net cash provided by (used in) financing activities | 5,101 | 12,245 | (7,599) |
| Effect of foreign currency exchange rates on cash and cash equivalents | 129 | 226 | (160) |
| Net increase in cash and cash equivalents | (5,455) | 7,769 | 2,255 |
| Cash. cash equivalents and restricted cash at beginning of year | 33,263 | 25,494 | |
| Cash, cash equivalents and restricted cash at end of year | 27,808 | 33,263 | 25,494 |
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2018 | |
| 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 |