AMERICAN EXPRESS CREDIT CORP financial statements (2021 and earlier)

Company profile

Business Address 200 VESEY STREET
NEW YORK, NY 10285
State of Incorp. DE
Fiscal Year End December 31
SIC 6153 - Short-Term Business Credit Institutions, Except Agricultural (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 331021961,211173
Cash and cash equivalents 331021961,211173
Total current assets: 331021961,211173
Noncurrent Assets
Regulated entity, other noncurrent assets920(30)(49)(39)44
Total noncurrent assets:920(30)(49)(39)44
Other undisclosed assets24,29937,30439,97035,74230,76433,068
TOTAL ASSETS:24,30837,35740,04235,88931,93633,285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 3,2168261,3082,9932,120
Total current liabilities: 3,2168261,3082,9932,120
Noncurrent Liabilities
Other undisclosed liabilities21,41331,55437,02032,71026,73429,046
Total liabilities:21,41334,77037,84634,01829,72731,166
Stockholders' equity
Stockholders' equity attributable to parent2,8952,5872,1961,8712,2092,119
Additional paid in capital161161161161161161
Accumulated other comprehensive loss(1,099)(1,087)(1,060)(998)(1,263)(1,156)
Retained earnings3,8333,5133,0952,7083,3113,114
Total stockholders' equity:2,8952,5872,1961,8712,2092,119
TOTAL LIABILITIES AND EQUITY:24,30837,35740,04235,88931,93633,285

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8301,6151,4611,087718755
Cost of revenue(242)(230)(249)(244)(151)(165)
Provision for loan, lease, and other losses(242)(230)(249)
Financial services costs(244)(151)(165)
Gross profit:5881,3851,212843567590
Operating income:5881,3851,212843567590
Nonoperating income (expense)108155(15)(14)22
Investment income, nonoperating166332383279207246
Foreign currency transaction gain, before tax   21114
Interest and debt expense(276)(954)(851)(553)(341)(360)
Income from continuing operations before income taxes:322512416275212252
Income tax expense(121)(94)(29)(878)(15)(38)
Net income (loss) available to common stockholders, diluted:201418387(603)197214

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):201418387(603)197214
Other comprehensive income (loss)20(27)(62)265(107)(369)
Comprehensive income (loss):221391325(338)90(155)
Other undisclosed comprehensive loss, net of tax, attributable to parent(32)     
Comprehensive income (loss), net of tax, attributable to parent:189391325(338)90(155)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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