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: 2020 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues | |||
| Discount revenue earned from purchased Card Member receivables and Card Member loans | $ 584 | 1,204 | 1,017 |
| Interest income from affiliates and other | 166 | 332 | 383 |
| Finance revenue | 80 | 79 | 61 |
| Total revenues | 830 | 1,615 | 1,461 |
| Expenses | |||
| Provisions for credit losses | 242 | 230 | 249 |
| Interest expense | 201 | 521 | 626 |
| Interest expense to affiliates | 75 | 433 | 225 |
| Other, net | (10) | (81) | (55) |
| Total expenses | 508 | 1,103 | 1,045 |
| Pretax income | 322 | 512 | 416 |
| Income tax provision | 121 | 94 | 29 |
| Net income (loss) | 201 | 418 | 387 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2020 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues | |||
| Non Interest Revenues [Abstract] | |||
| Other | $ 874 | 1,430 | 1,360 |
| Total non-interest revenues | 28,102 | 34,936 | 32,675 |
| Interest income | |||
| Interest on loans | 9,779 | 11,308 | 9,941 |
| Interest and dividends on investment securities | 127 | 188 | 118 |
| Deposits with banks and other | 177 | 588 | 547 |
| Total interest income | 10,083 | 12,084 | 10,606 |
| Interest expense | |||
| Deposits | 943 | 1,559 | 1,287 |
| Long-term debt and other | 1,155 | 1,905 | 1,656 |
| Total interest expense | 2,098 | 3,464 | 2,943 |
| Net interest income | 7,985 | 8,620 | 7,663 |
| Total revenues net of interest expense | 36,087 | 43,556 | 40,338 |
| Provisions for credit losses | |||
| Provisions for credit losses | 4,730 | 3,573 | 3,352 |
| Total revenues net of interest expense after provisions for credit losses | 31,357 | 39,983 | 36,986 |
| Expenses | |||
| Marketing and business development | 6,747 | 7,125 | 6,477 |
| Card Member rewards | 8,041 | 10,439 | 9,696 |
| Card Member services | 1,230 | 2,223 | 1,777 |
| Salaries and employee benefits | 5,718 | 5,911 | 5,250 |
| Other, net | 5,325 | 5,856 | 5,664 |
| Total expenses | 27,061 | 31,554 | 28,864 |
| Pretax income | 4,296 | 8,429 | 8,122 |
| Income tax provision | 1,161 | 1,670 | 1,201 |
| Net income | 3,135 | 6,759 | 6,921 |
| Earnings per Common Share | |||
| Basic (in dollars per share) | 3.77 | 8.00 | 7.93 |
| Diluted (in dollars per share) | 3.77 | 7.99 | 7.91 |
| Average common shares outstanding for earnings per common share: | |||
| Basic (in shares) | 805 | 828 | 856 |
| Diluted (in shares) | 806 | 830 | 859 |
| Product Or Service | |||
| Discount Revenue | |||
| Revenues, fees, and commissions | 20,401 | 26,167 | 24,721 |
| Net Card Fees | |||
| Revenues, fees, and commissions | 4,664 | 4,042 | 3,441 |
| Other Fees and Commissions | |||
| Revenues, fees, and commissions | 2,163 | 3,297 | 3,153 |
| Class of Financing Receivable, Type | |||
| Card Member Receivables | |||
| Provisions for credit losses | 1,015 | 963 | 937 |
| Card Member Loans | |||
| Provisions for credit losses | 3,453 | 2,462 | 2,266 |
| Other Loans | |||
| Provisions for credit losses | 262 | 148 | 149 |
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2020 | |
| 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 |