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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 8,060 | 3,135 | 6,759 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provisions for credit losses | (1,419) | 4,730 | 3,573 |
| Depreciation and amortization | 1,695 | 1,543 | 1,188 |
| Stock-based compensation | 330 | 249 | 283 |
| Deferred taxes | 294 | (939) | (151) |
| Other non-cash items | (772) | 683 | 577 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Other assets | 1,068 | (1,785) | (368) |
| Accounts payable & other liabilities | 5,389 | (2,025) | 1,771 |
| Net cash provided by operating activities | 14,645 | 5,591 | 13,632 |
| Cash Flows from Investing Activities | |||
| Sale of investment securities | 62 | 69 | 22 |
| Maturities and redemptions of investment securities | 20,032 | 7,159 | 7,329 |
| Purchase of investments | (1,517) | (20,562) | (11,166) |
| Net (increase) decrease in Card Member loans and receivables, and other loans | (27,557) | 26,906 | (11,047) |
| Purchase of premises and equipment, net of sales: 2021, $88; 2020, $1; 2019, $43 | (1,550) | (1,478) | (1,645) |
| Acquisitions/dispositions, net of cash acquired | 1 | (597) | (352) |
| Other investing activities | 0 | 135 | 152 |
| Net cash (used in) provided by investing activities | (10,529) | 11,632 | (16,707) |
| Cash Flows from Financing Activities | |||
| Net (decrease) increase in customer deposits | (2,468) | 13,542 | 3,330 |
| Net increase (decrease) in short-term borrowings | 461 | (4,627) | 3,316 |
| Proceeds from long-term debt | 7,788 | 69 | 12,706 |
| Payments of long-term debt | (11,662) | (15,593) | (13,850) |
| Issuance of American Express preferred shares | 1,584 | 0 | 0 |
| Redemption of American Express preferred shares | (1,600) | 0 | 0 |
| Issuance of American Express common shares | 64 | 44 | 86 |
| Repurchase of American Express common shares and other | (7,652) | (1,029) | (4,685) |
| Dividends paid | (1,448) | (1,474) | (1,422) |
| Net cash used in financing activities | (14,933) | (9,068) | (519) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (120) | 364 | 232 |
| Net (decrease) increase in cash and cash equivalents | (10,937) | 8,519 | (3,362) |
| Cash and cash equivalents at beginning of year | 32,965 | 24,446 | |
| Cash and cash equivalents at end of year | 22,028 | 32,965 | 24,446 |
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2021 | |
| 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 |