10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2009 | |||
Statement Of Income Interest Based Revenue | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Revenues | |||
| Non-interest revenues | |||
| Discount revenue | $ 13,389 | 15,025 | 14,596 |
| Net card fees | 2,151 | 2,150 | 1,919 |
| Travel commissions and fees | 1,594 | 2,010 | 1,926 |
| Other commissions and fees | 1,778 | 2,307 | 2,417 |
| Securitization income, net | 400 | 1,070 | 1,507 |
| Other | 2,087 | 2,157 | 1,751 |
| Total non-interest revenues | 21,399 | 24,719 | 24,116 |
| Interest income | |||
| Interest and fees on loans | 4,468 | 6,159 | 6,351 |
| Interest and dividends on investment securities | 804 | 771 | 673 |
| Deposits with banks and other | 59 | 271 | 400 |
| Total interest income | 5,331 | 7,201 | 7,424 |
| Interest expense | |||
| Deposits | 425 | 454 | 566 |
| Short-term borrowings | 37 | 483 | 731 |
| Long-term debt and other | 1,745 | 2,618 | 2,684 |
| Total interest expense | 2,207 | 3,555 | 3,981 |
| Net interest income | 3,124 | 3,646 | 3,443 |
| Total revenues net of interest expense | 24,523 | 28,365 | 27,559 |
| Provisions for losses | |||
| Charge card | 857 | 1,363 | 1,140 |
| Cardmember loans | 4,266 | 4,231 | 2,761 |
| Other | 190 | 204 | 202 |
| Total provisions for losses | 5,313 | 5,798 | 4,103 |
| Total revenues net of interest expense after provisions for losses | 19,210 | 22,567 | 23,456 |
| Expenses | |||
| Marketing, promotion, rewards and cardmember services | 6,467 | 7,361 | 7,817 |
| Salaries and employee benefits | 5,080 | 6,090 | 5,438 |
| Professional services | 2,408 | 2,413 | 2,280 |
| Other, net | 2,414 | 3,122 | 2,227 |
| Total | 16,369 | 18,986 | 17,762 |
| Pretax income from continuing operations | 2,841 | 3,581 | 5,694 |
| Income tax provision | 704 | 710 | 1,568 |
| Income from continuing operations | 2,137 | 2,871 | 4,126 |
| Loss from discontinued operations, net of tax | (7) | (172) | (114) |
| Net income | 2,130 | 2,699 | 4,012 |
| Earnings per Common Share - Basic: (Note 18) | |||
| Income from continuing operations attributable to common shareholders | 1.55 [1] | 2.47 | 3.49 |
| Loss from discontinued operations | (0.01) | (0.14) | (0.09) |
| Net income attributable to common shareholders | 1.54 | 2.33 | 3.40 |
| Earnings per Common Share - Diluted: (Note 18) | |||
| Income from continuing operations attributable to common shareholders | 1.54 | 2.47 | 3.44 |
| Loss from discontinued operations | 0.00 | (0.15) | (0.10) |
| Net income attributable to common shareholders | 1.54 | 2.32 | 3.34 |
| Average common shares outstanding for earnings per common share: | |||
| Basic | 1,168 | 1,154 | 1,173 |
| Diluted | 1,171 | 1,156 | 1,193 |
| [1] Represents income from continuing operations or net income, as applicable, less (i) accelerated preferred dividend accretion of $212 million for the year ended December 31, 2009 due to the repurchase of $3.39 billion of preferred shares issued as part of the Capital Purchase Program (CPP), (ii) preferred share dividends and related accretion of $94 million for the year ended December 31, 2009, and (iii) earnings allocated to participating share awards and other items of $22 million, $15 million and $26 mill | |||
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2009 | |
| 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 |