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: 2014 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Mar 10, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Discount revenue earned from purchased Card Member receivables and loans | $ 502 | 547 | 543 |
| Interest income from affiliates | 382 | 412 | 494 |
| Other interest income | 2 | 2 | 8 |
| Finance revenue | 43 | 46 | 43 |
| Total revenues | 929 | 1,007 | 1,088 |
| Expenses | |||
| Provisions for losses | 202 | 148 | 143 |
| Interest expense | 496 | 590 | 731 |
| Interest expense to affiliates | 6 | 7 | 18 |
| Other, net | (93) | (88) | (92) |
| Total expenses | 611 | 657 | 800 |
| Pretax income | 318 | 350 | 288 |
| Income tax benefit | (35) | (96) | (51) |
| Net income | 353 | 446 | 339 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2014 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 24, 2015) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Non-interest revenues | |||
| Discount revenue | $ 19,493 | 18,695 | 17,739 |
| Net card fees | 2,712 | 2,631 | 2,506 |
| Travel commissions and fees | 1,118 | 1,913 | 1,940 |
| Other commissions and fees | 2,508 | 2,414 | 2,317 |
| Other | 2,989 | 2,274 | 2,425 |
| Total non-interest revenues | 28,820 | 27,927 | 26,927 |
| Interest income | |||
| Interest on loans | 6,929 | 6,718 | 6,511 |
| Interest and dividends on investment securities | 179 | 201 | 246 |
| Deposits with banks and other | 71 | 86 | 97 |
| Total interest income | 7,179 | 7,005 | 6,854 |
| Interest expense | |||
| Deposits | 373 | 442 | 480 |
| Long-term debt and other | 1,334 | 1,516 | 1,746 |
| Total interest expense | 1,707 | 1,958 | 2,226 |
| Net interest income | 5,472 | 5,047 | 4,628 |
| Total revenues net of interest expense | 34,292 | 32,974 | 31,555 |
| Provisions for losses | |||
| Provisions | 792 | 648 | 601 |
| Card member loans | 1,138 | 1,115 | 1,030 |
| Other | 114 | 69 | 81 |
| Total provisions for losses | 2,044 | 1,832 | 1,712 |
| Total revenues net of interest expense after provisions for losses | 32,248 | 31,142 | 29,843 |
| Expenses | |||
| Marketing, promotion, rewards and Card Member services | 11,073 | 10,267 | 9,944 |
| Salaries and employee benefits | 6,095 | 6,191 | 6,597 |
| Other expense | 6,089 | 6,796 | 6,851 |
| Total expenses | 23,257 | 23,254 | 23,392 |
| Pretax income | 8,991 | 7,888 | 6,451 |
| Income tax provision | 3,106 | 2,529 | 1,969 |
| Net income attributable to common shareholders | 5,885 | 5,359 | 4,482 |
| Earnings per Common Share | |||
| Basic | 5.58 [1] | 4.91 | 3.91 |
| Diluted | 5.56 | 4.88 | 3.89 |
| Average common shares outstanding for earnings per common share: | |||
| Basic | 1,045 | 1,082 | 1,135 |
| Diluted | 1,051 | 1,089 | 1,141 |
| [1] Represents net income less earnings allocated to participating share awards of $ 46 million, $ 47 million and $ 49 million for the years ended December 31, 2014 , 2013 and 2012 , respectively. | |||
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2014 | |
| 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 |