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: 2017 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2017 10-K/A (Amendment Filed: June 22, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues | |||
| Discount revenue earned from purchased Card Member receivables and loans | $ 760 | 471 | 479 |
| Interest income from affiliates and other | 279 | 207 | 246 |
| Finance revenue | 48 | 40 | 30 |
| Total revenues | 1,087 | 718 | 755 |
| Expenses | |||
| Provisions for losses | 244 | 151 | 165 |
| Interest expense | 495 | 317 | 350 |
| Interest expense to affiliates | 58 | 24 | 10 |
| Other, net | 15 | 14 | (22) |
| Total expenses | 812 | 506 | 503 |
| Pretax income | 275 | 212 | 252 |
| Income tax provision | 878 | 15 | 38 |
| Net (loss) income | (603) | 197 | 214 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2017 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2017 10-K (Superseded Filed: Mar 1, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues | |||
| Discount revenue earned from purchased Card Member receivables and loans | $ 760 | 471 | 479 |
| Interest income from affiliates and other | 279 | 207 | 246 |
| Finance revenue | 48 | 40 | 30 |
| Total revenues | 1,087 | 718 | 755 |
| Expenses | |||
| Provisions for losses | 244 | 151 | 165 |
| Interest expense | 495 | 317 | 350 |
| Interest expense to affiliates | 58 | 24 | 10 |
| Other, net | 15 | 14 | (22) |
| Total expenses | 812 | 506 | 503 |
| Pretax income | 275 | 212 | 252 |
| Income tax provision | 878 | 15 | 38 |
| Net (loss) income | (603) | 197 | 214 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2017 | |||
Consolidated Statements of Operations and Comprehensive Loss | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenue | $ 3,906 | 570 | 293 |
| Cost of goods sold | 9,190 | 4,543 | 1,906 |
| Gross loss | (5,284) | (3,973) | (1,613) |
| Operating expenses: | |||
| Research and development | 8,726 | 7,164 | 4,827 |
| Selling, general and administrative | 14,393 | 7,986 | 4,640 |
| Total operating expenses | 23,119 | 15,150 | 9,467 |
| Operating loss | (28,403) | (19,123) | (11,080) |
| Other expense (income): | |||
| Interest expense | 796 | 249 | 422 |
| Other expense (income), net | (217) | 50 | (341) |
| Total other expense (income), net | 579 | 299 | 81 |
| Operating loss before income tax provision | (28,982) | (19,422) | (11,161) |
| Provision for income taxes | 1 | 1 | |
| Net loss | (28,983) | (19,423) | (11,161) |
| Net loss per Class A common share: basic and diluted (in dollars per share) | (0.3100) | (0.2600) | (0.3200) |
| Weighted average number of Class A common shares used in computing net loss per Class A common share: basic and diluted (in shares) | 93,544,173 | 74,793,530 | 35,377,588 |
| Comprehensive loss: | |||
| Net Loss | (28,983) | (19,423) | (11,161) |
| Unrealized gain on investments | 6 | ||
| Total comprehensive loss | (28,977) | (19,423) | (11,161) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2017 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 16, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues | |||
| Non-interest revenues | |||
| Discount revenue | $ 19,186 | 18,680 | 19,297 |
| Net card fees | 3,090 | 2,886 | 2,700 |
| Other fees and commissions | 3,022 | 2,753 | 2,866 |
| Other | 1,732 | 2,029 | 2,033 |
| Total non-interest revenues | 27,030 | 26,348 | 26,896 |
| Interest income | |||
| Interest on loans | 8,138 | 7,205 | 7,309 |
| Interest and dividends on investment securities | 89 | 131 | 157 |
| Deposits with banks and other | 326 | 139 | 79 |
| Total interest income | 8,553 | 7,475 | 7,545 |
| Interest expense | |||
| Deposits | 779 | 598 | 475 |
| Long-term debt and other | 1,333 | 1,106 | 1,148 |
| Total interest expense | 2,112 | 1,704 | 1,623 |
| Net interest income | 6,441 | 5,771 | 5,922 |
| Total revenues net of interest expense | 33,471 | 32,119 | 32,818 |
| Provisions for losses | |||
| Charge Card | 795 | 696 | 737 |
| Card member loans | 1,868 | 1,235 | 1,190 |
| Other | 96 | 95 | 61 |
| Total provisions for losses | 2,759 | 2,026 | 1,988 |
| Total revenues net of interest expense after provisions for losses | 30,712 | 30,093 | 30,830 |
| Expenses | |||
| Marketing and promotion | 3,217 | 3,650 | 3,109 |
| Card Member rewards | 7,608 | 6,793 | 6,996 |
| Card Member services and other | 1,439 | 1,133 | 1,018 |
| Salaries and employee benefits | 5,258 | 5,259 | 4,976 |
| Other,net | 5,776 | 5,162 | 6,793 |
| Total Expenses | 23,298 | 21,997 | 22,892 |
| Pretax income | 7,414 | 8,096 | 7,938 |
| Income tax provision | 4,678 | 2,688 | 2,775 |
| Net income | 2,736 | 5,408 | 5,163 |
| Earnings per Common Share | |||
| Basic | 2.98 [1] | 5.67 | 5.07 |
| Diluted | 2.97 | 5.65 | 5.05 |
| Average common shares outstanding for earnings per common share: | |||
| Basic | 883 | 933 | 999 |
| Diluted | 886 | 935 | 1,003 |
| [1] Represents net income less (i) earnings allocated to participating share awards of $ 21 million, $ 43 million and $ 38 million for the years ended December 31, 2017 , 2016 and 2015 , respectively, and (ii) dividends on preferred shares of $ 81 million, $ 80 million and $ 62 million for the years ended December 31, 2017 , 2016 and 2015 , respectively. | |||
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2017 | |
| 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 |