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: 2019 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 27, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues | |||
| Discount revenue earned from purchased Card Member receivables and Card Member loans | $ 1,204 | 1,017 | 760 |
| Interest income from affiliates and other | 332 | 383 | 279 |
| Finance revenue | 79 | 61 | 48 |
| Total revenues | 1,615 | 1,461 | 1,087 |
| Expenses | |||
| Provisions for losses | 230 | 249 | 244 |
| Interest expense | 521 | 626 | 495 |
| Interest expense to affiliates | 433 | 225 | 58 |
| Other, net | (81) | (55) | 15 |
| Total expenses | 1,103 | 1,045 | 812 |
| Pretax income | 512 | 416 | 275 |
| Income tax provision | 94 | 29 | 878 |
| Net income (loss) | 418 | 387 | (603) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2019 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 13, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues | |||
| Other | $ 1,430 | 1,360 | 1,457 |
| Total non-interest revenues | 34,936 | 32,675 | 30,427 |
| Interest income | |||
| Interest on loans | 11,308 | 9,941 | 8,148 |
| Interest and dividends on investment securities | 188 | 118 | 89 |
| Deposits with banks and other | 588 | 547 | 326 |
| Total interest income | 12,084 | 10,606 | 8,563 |
| Interest expense | |||
| Deposits | 1,559 | 1,287 | 779 |
| Long-term debt and other | 1,905 | 1,656 | 1,333 |
| Total interest expense | 3,464 | 2,943 | 2,112 |
| Net interest income | 8,620 | 7,663 | 6,451 |
| Total revenues net of interest expense | 43,556 | 40,338 | 36,878 |
| Provisions for losses | |||
| Charge Card | 963 | 937 | 795 |
| Card member loans | 2,462 | 2,266 | 1,868 |
| Other | 148 | 149 | 97 |
| Total provisions for losses | 3,573 | 3,352 | 2,760 |
| Total revenues net of interest expense after provisions for losses | 39,983 | 36,986 | 34,118 |
| Expenses | |||
| Marketing and business development | 7,114 | 6,470 | 5,722 |
| Card Member rewards | 10,439 | 9,696 | 8,687 |
| Card Member services | 2,222 | 1,777 | 1,392 |
| Salaries and employee benefits | 5,911 | 5,250 | 5,258 |
| Other,net | 5,868 | 5,671 | 5,634 |
| Total Expenses | 31,554 | 28,864 | 26,693 |
| Pretax income | 8,429 | 8,122 | 7,425 |
| Income tax provision | 1,670 | 1,201 | 4,677 |
| Net income | 6,759 | 6,921 | 2,748 |
| Earnings per Common Share | |||
| Basic (in dollars per share) | 8.00 | 7.93 | 3.00 [1] |
| Diluted (in dollars per share) | 7.99 | 7.91 | 2.99 |
| Average common shares outstanding for earnings per common share: | |||
| Basic | 828 | 856 | 883 |
| Diluted | 830 | 859 | 886 |
| Product Or Service | |||
| Discount Revenue | |||
| Revenues and Fees | 26,167 | 24,721 | 22,890 |
| Net Card Fees | |||
| Revenues and Fees | 4,042 | 3,441 | 3,090 |
| Other Fees and Commissions | |||
| Revenues and Fees | 3,297 | 3,153 | 2,990 |
| [1] Represents net income less (i) earnings allocated to participating share awards of $47 million, $54 million and $21 million for the years ended December 31, 2019, 2018 and 2017, respectively, and (ii) dividends on preferred shares of $81 million, $80 million and $81 million for the years ended December 31, 2019, 2018 and 2017, respectively. | |||
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2019 | |
| 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 |