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10-K.Info (Beta Test)
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AMERICAN EXPRESS CO

Ticker: AXP   Fiscal Year: 2011

Consolidated Statements of Income and Retained Earnings

Period Ending Dec 31, 2011 10-K (Filed: Mar 15, 2012)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2011Dec 31, 2010Dec 31, 2009
Revenues
Discount revenue earned from purchased cardmember receivables and loans
$
435
443652
Interest income from affiliates505466432
Interest income from investments63283
Finance revenue383948
Total revenues9849801,215
 
Expenses
Provisions for losses80128214
Interest expense695582588
Interest expense to affiliates121641
Service fees to affiliates011
Other, net(152)(71)1
Total expenses635656845
 
Pretax income349324370
Income tax (benefit) provision(48)(24)8
Net income397348362
 
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

AMERICAN EXPRESS CO

Ticker: AXP   Fiscal Year: 2011

Consolidated Statements of Income

Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2011Dec 31, 2010Dec 31, 2009
Revenues
Non-interest revenues
Discount revenue
$
16,734
14,88013,202
Net card fees2,1832,1022,151
Travel commissions and fees1,9711,7731,591
Other commissions and fees2,2692,0311,778
Securitization income, net00400
Other revenue2,1641,9272,090
Total non-interest revenues25,32122,71321,212
 
Interest income
Interest and fees on loans6,5376,7834,468
Interest and dividends on investment securities327443804
Deposits with banks and other976659
Total interest income6,9617,2925,331
 
Interest expense
Deposits528546425
Short-term borrowings11337
Long-term debt and other1,7811,8741,745
Total interest expense2,3202,4232,207
 
Net interest income4,6414,8693,124
 
Total revenues net of interest expense29,96227,58224,336
 
Provisions for losses
Charge card770595857
Cardmember loans2531,5274,266
Other8985190
Total provisions for losses1,1122,2075,313
 
Total revenues net of interest expense after provisions for losses28,85025,37519,023
 
Expenses
Marketing, promotion, rewards and cardmember services9,9308,7386,563
Salaries and employee benefits6,2525,5665,080
Professional services2,9512,8062,408
Other2,7612,3012,131
Total21,89419,41116,182
 
Pretax income (loss) from continuing operations6,9565,9642,841
Income tax provision2,0571,907704
Income from continuing operations4,8994,0572,137
 
Loss from discontinued operations, net of tax360(7)
Net income4,9354,0572,130
 
Earnings Per Share, Basic [Abstract]
Income from continuing operations attributable to common shareholders4.113.371.55
Loss from discontinued operations, net of tax0.030.00(0.01)
Net income attributable to common shareholders4.143.371.54 [1]
 
Earnings Per Share, Diluted [Abstract]
Income from continuing operations attributable to common shareholders4.093.351.54
Loss from discontinued operations, net of tax0.030.000.00
Net income attributable to common shareholders4.123.351.54
 
Average common shares outstanding for earnings per common share:
Basic1,1781,1881,168
Diluted1,1841,1951,171
[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, (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 $58 million, $51 million and $22 million for
External Links 
AMERICAN EXPRESS CO (AXP) Fiscal Year 2011
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