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: 2016 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues | |||
| Discount revenue earned from purchased Card Member receivables and loans | $ 471 | 479 | 502 |
| Interest income from affiliates and other | 207 | 246 | 384 |
| Finance revenue | 40 | 30 | 43 |
| Total revenues | 718 | 755 | 929 |
| Expenses | |||
| Provisions for losses | 151 | 165 | 202 |
| Interest expense | 317 | 350 | 496 |
| Interest expense to affiliates | 24 | 10 | 6 |
| Other, net | 14 | (22) | (93) |
| Total expenses | 506 | 503 | 611 |
| Pretax income | 212 | 252 | 318 |
| Income tax provision (benefit) | 15 | 38 | (35) |
| Net income | 197 | 214 | 353 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2016 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 17, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues | |||
| Non-interest revenues | |||
| Discount revenue | $ 18,680 | 19,297 | 19,389 |
| Net card fees | 2,886 | 2,700 | 2,712 |
| Other fees and commissions | 2,753 | 2,866 | 3,626 |
| Other | 2,029 | 2,033 | 2,989 |
| Total non-interest revenues | 26,348 | 26,896 | 28,716 |
| Interest income | |||
| Interest on loans | 7,205 | 7,309 | 6,929 |
| Interest and dividends on investment securities | 131 | 157 | 179 |
| Deposits with banks and other | 139 | 79 | 71 |
| Total interest income | 7,475 | 7,545 | 7,179 |
| Interest expense | |||
| Deposits | 598 | 475 | 373 |
| Long-term debt and other | 1,106 | 1,148 | 1,334 |
| Total interest expense | 1,704 | 1,623 | 1,707 |
| Net interest income | 5,771 | 5,922 | 5,472 |
| Total revenues net of interest expense | 32,119 | 32,818 | 34,188 |
| Provisions for losses | |||
| Provisions | 696 | 737 | 792 |
| Card member loans | 1,235 | 1,190 | 1,138 |
| Other | 95 | 61 | 114 |
| Total provisions for losses | 2,026 | 1,988 | 2,044 |
| Total revenues net of interest expense after provisions for losses | 30,093 | 30,830 | 32,144 |
| Expenses | |||
| Marketing and promotion | 3,650 | 3,109 | 3,216 |
| Card Member rewards | 6,793 | 6,996 | 6,931 |
| Card Member services and other | 1,133 | 1,018 | 822 |
| Salaries and employee benefits | 5,259 | 4,976 | 6,095 |
| Other,net | 5,162 | 6,793 | 6,089 |
| Total | 21,997 | 22,892 | 23,153 |
| Pretax income | 8,096 | 7,938 | 8,991 |
| Income tax provision | 2,688 | 2,775 | 3,106 |
| Net income attributable to common shareholders | 5,408 | 5,163 | 5,885 |
| Earnings per Common Share | |||
| Basic | 5.67 [1] | 5.07 | 5.58 |
| Diluted | 5.65 | 5.05 | 5.56 |
| Average common shares outstanding for earnings per common share: | |||
| Basic | 933 | 999 | 1,045 |
| Diluted | 935 | 1,003 | 1,051 |
| [1] Represents net income less (i) earnings allocated to participating share awards of $ 43 million, $ 38 million and $ 46 million for the years ended December 31, 2016 , 2015 and 2014 , respectively, and (ii) dividends on preferred shares of $ 80 million , $ 62 million and nil for the years ended December 31, 2016 , 2015 and 2014 , respectively . | |||
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2016 | |
| 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 |