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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 7,514 | 8,060 | 3,135 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provisions for credit losses | 2,182 | (1,419) | 4,730 |
| Depreciation and amortization | 1,626 | 1,695 | 1,543 |
| Stock-based compensation | 375 | 330 | 249 |
| Deferred taxes | (1,189) | 294 | (939) |
| Other items | 365 | (772) | 683 [1] |
| Originations of loans held-for-sale | (277) | 0 | 0 |
| Proceeds from sales of loans held-for-sale | 277 | 0 | 0 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Other assets | 1,391 | 1,068 | (1,785) |
| Accounts payable & other liabilities | 8,815 | 5,389 | (2,025) |
| Net cash provided by operating activities | 21,079 | 14,645 | 5,591 |
| Cash Flows from Investing Activities | |||
| Sale of investment securities | 26 | 62 | 69 |
| Maturities and redemptions of investment securities | 1,892 | 20,032 | 7,159 |
| Purchase of investments | (4,175) | (1,517) | (20,562) |
| Net (increase) decrease in Card Member loans and receivables, and other loans | (29,562) | (27,557) | 26,906 |
| Purchase of premises and equipment, net of sales: 2022, $1; 2021, $88; 2020, $1 | (1,855) | (1,550) | (1,478) |
| Acquisitions/dispositions, net of cash acquired | (15) | 1 | (597) |
| Other investing activities | 0 | 0 | 135 |
| Net cash (used in) provided by investing activities | (33,689) | (10,529) | 11,632 |
| Cash Flows from Financing Activities | |||
| Net increase (decrease) in customer deposits | 25,902 | (2,468) | 13,542 |
| Net (decrease) increase in short-term borrowings | (706) | 461 | (4,627) |
| Proceeds from long-term debt | 23,230 | 7,788 | 69 |
| Payments of long-term debt | (18,906) | (11,662) | (15,593) |
| Issuance of American Express preferred shares | 0 | 1,584 | 0 |
| Redemption of American Express preferred shares | 0 | (1,600) | 0 |
| Issuance of American Express common shares | 56 | 64 | 44 |
| Repurchase of American Express common shares and other | (3,502) | (7,652) | (1,029) |
| Dividends paid | (1,565) | (1,448) | (1,474) |
| Net cash provided by (used in) financing activities | 24,509 | (14,933) | (9,068) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (13) | (120) | 364 |
| Net increase (decrease) in cash and cash equivalents | 11,886 | (10,937) | 8,519 |
| Cash and cash equivalents at beginning of year | 22,028 | 32,965 | |
| Cash and cash equivalents at end of year | 33,914 | 22,028 | 32,965 |
| [1] Includes net gains and losses on fair value hedges, net gains and losses on Amex Ventures investments and changes in equity method investments. | |||
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2022 | |
| 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 |