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: 2018 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Mar 1, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues | |||
| Discount revenue earned from purchased Card Member receivables and Card Member loans | $ 1,017 | 760 | 471 |
| Interest income from affiliates and other | 383 | 279 | 207 |
| Finance revenue | 61 | 48 | 40 |
| Total revenues | 1,461 | 1,087 | 718 |
| Expenses | |||
| Provisions for losses | 249 | 244 | 151 |
| Interest expense | 626 | 495 | 317 |
| Interest expense to affiliates | 225 | 58 | 24 |
| Other, net | (55) | 15 | 14 |
| Total expenses | 1,045 | 812 | 506 |
| Pretax income | 416 | 275 | 212 |
| Income tax provision | 29 | 878 | 15 |
| Net income (loss) | 387 | (603) | 197 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AMERICAN EXPRESS CO | ||
Ticker: AXP Fiscal Year: 2018 | ||
Consolidated Statements of Operations and Comprehensive Loss | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019) | ||
| (In Thousands, except shares in actual) | ||
| 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Revenue | $ 7,817 | 3,906 |
| Cost of goods sold | 12,821 | 9,190 |
| Gross loss | (5,004) | (5,284) |
| Operating expenses: | ||
| Research and development | 4,285 | 8,726 |
| Selling, general and administrative | 15,406 | 14,393 |
| Total operating expenses | 19,691 | 23,119 |
| Operating loss | (24,695) | (28,403) |
| Other expense (income): | ||
| Interest expense | 1,939 | 796 |
| Other expense (income), net | 83 | (217) |
| Total other expense (income), net | 2,022 | 579 |
| Operating loss before income tax provision | (26,717) | (28,982) |
| Provision for income taxes | 4 | 1 |
| Net loss | (26,721) | (28,983) |
| Net loss per Class A common share: basic and diluted (in dollars per share) | (0.2100) | (0.3100) |
| Weighted average number of Class A common shares used in computing net loss per Class A common share: basic and diluted (in shares) | 126,331,276 | 93,544,173 |
| Comprehensive loss: | ||
| Net Loss | (26,721) | (28,983) |
| Unrealized gain on investments | (6) | 6 |
| Total comprehensive loss | (26,727) | (28,977) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2018 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues | |||
| Other | $ 1,360 | 1,457 | 1,678 |
| Total non-interest revenues | 32,675 | 30,427 | 29,659 |
| Interest income | |||
| Interest on loans | 9,941 | 8,148 | 7,214 |
| Interest and dividends on investment securities | 118 | 89 | 131 |
| Deposits with banks and other | 547 | 326 | 139 |
| Total interest income | 10,606 | 8,563 | 7,484 |
| Interest expense | |||
| Deposits | 1,287 | 779 | 598 |
| Long-term debt and other | 1,656 | 1,333 | 1,107 |
| Total interest expense | 2,943 | 2,112 | 1,705 |
| Net interest income | 7,663 | 6,451 | 5,779 |
| Total revenues net of interest expense | 40,338 | 36,878 | 35,438 |
| Provisions for losses | |||
| Charge Card | 937 | 795 | 696 |
| Card member loans | 2,266 | 1,868 | 1,235 |
| Other | 149 | 97 | 96 |
| Total provisions for losses | 3,352 | 2,760 | 2,027 |
| Total revenues net of interest expense after provisions for losses | 36,986 | 34,118 | 33,411 |
| Expenses | |||
| Marketing and promotion | 6,470 | 5,722 | 6,249 |
| Card Member rewards | 9,696 | 8,687 | 7,819 |
| Card Member services and other | 1,777 | 1,392 | 1,100 |
| Salaries and employee benefits | 5,250 | 5,258 | 5,259 |
| Other,net | 5,671 | 5,634 | 4,942 |
| Total Expenses | 28,864 | 26,693 | 25,369 |
| Pretax income | 8,122 | 7,425 | 8,042 |
| Income tax provision | 1,201 | 4,677 | 2,667 |
| Net income | 6,921 | 2,748 | 5,375 |
| Earnings per Common Share | |||
| Basic | 7.93 | 3.00 | 5.63 [1] |
| Diluted | 7.91 | 2.99 | 5.61 |
| Average common shares outstanding for earnings per common share: | |||
| Basic | 856 | 883 | 933 |
| Diluted | 859 | 886 | 935 |
| Product Or Service | |||
| Discount Revenue | |||
| Revenues and Fees | 24,721 | 22,890 | 22,377 |
| Net Card Fees | |||
| Revenues and Fees | 3,441 | 3,090 | 2,886 |
| Other Fees and Commissions | |||
| Revenues and Fees | 3,153 | 2,990 | 2,718 |
| [1] Represents net income less (i) earnings allocated to participating share awards of $ 54 million, $ 21 million and $ 43 million for the years ended December 31, 2018 , 2017 and 2016 , respectively, and (ii) dividends on preferred shares of $ 80 millio n, $ 81 million and $ 80 million for the years ended December 31, 2018 , 2017 and 2016 , r e s p e c t i v e l y . | |||
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2018 | |
| 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 |