American Express Company (AXP) financial statements (2022 and earlier)

Company profile

Business Address 200 VESEY STREET
NEW YORK, NY 10285
State of Incorp. NY
Fiscal Year End December 31
SIC 6199 - Finance Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
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 investments22,02832,96523,93227,44532,92725,20822,762
Cash and cash equivalents21,84032,80823,79427,27932,92725,20822,762
Short-term investments188157138166   
Total current assets:22,02832,96523,93227,44532,92725,20822,762
Noncurrent Assets
Property, plant and equipment4,9885,0154,8344,4164,3294,4334,108
Intangible assets, net (including goodwill)4,0054,1173,5823,3473,9083,7953,545
Goodwill3,8043,8523,3153,0723,0092,9272,749
Intangible assets, net (excluding goodwill)201265267275899868796
Regulated entity, other noncurrent assets52641121171117196
Other noncurrent assets1,1241,1471,1541,043   
Amortization method qualified affordable housing project investments1,0841,0951,1091,0061,018  
Total noncurrent assets:11,25311,43810,7919,9299,3668,2997,749
Other undisclosed assets155,267146,964163,598151,228138,866125,386130,673
TOTAL ASSETS:188,548191,367198,321188,602181,159158,893161,184
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5282,3362,4292,1642,2772,0552,097
Employee-related liabilities2,5282,3362,4292,1642,2772,0552,097
Debt2,2431,8786,4423,1003,2785,5814,812
Customer advances and deposits702  
Total current liabilities:4,7714,2148,8715,2646,2577,6366,909
Noncurrent Liabilities
Liabilities, other than long-term debt      139
Qualified affordable housing project investments, commitment      139
Total noncurrent liabilities:      139
Other undisclosed liabilities161,600164,169166,379161,048156,675130,756133,463
Total liabilities:166,371168,383175,250166,312162,932138,392140,511
Stockholders' equity
Stockholders' equity attributable to parent22,17722,98423,07122,29018,22720,50120,673
Common stock153161163170172181194
Additional paid in capital11,49511,88111,77412,21812,21012,73313,348
Accumulated other comprehensive loss(2,945)(2,895)(2,737)(2,597)(2,428)(2,784)(2,534)
Retained earnings13,47413,83713,87112,4998,27310,3719,665
Total stockholders' equity:22,17722,98423,07122,29018,22720,50120,673
TOTAL LIABILITIES AND EQUITY:188,548191,367198,321188,602181,159158,893161,184

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues27,71621,97428,15926,60733,76231,66331,902
Net investment income8,9509,95611,89610,4888,4647,3447,388
Financial services revenue25,29824,31924,514
Cost of revenue (4,730)(3,573)(3,352)(2,759)(2,026)(1,988)
Provision for loan, lease, and other losses (4,730)(3,573)(3,352)
Financial services costs(2,759)(2,026)(1,988)
Gross profit:27,71617,24424,58623,25531,00329,63729,914
Operating expenses(11,011)(10,870)(11,373)(10,628)(12,840)(7,399)(7,559)
Other operating income, net
(Noninterest Income, Other Operating Income)
 8741,4301,3601,7322,0292,033
Operating income:16,7057,24814,64313,98719,89524,26724,388
Interest and debt expense(1,283)(2,098)(3,464)(2,943)(2,112)(1,704)(1,623)
Other undisclosed loss from continuing operations before equity method investments, income taxes (854)(2,750)(2,922)(10,369)(14,467)(14,827)
Income from continuing operations before equity method investments, income taxes:15,4224,2968,4298,1227,4148,0967,938
Other undisclosed loss from continuing operations before income taxes(4,733)      
Income from continuing operations before income taxes:10,6894,2968,4298,1227,4148,0967,938
Income tax expense(2,629)(1,161)(1,670)(1,201)(4,678)(2,688)(2,775)
Net income attributable to parent:8,0603,1356,7596,9212,7365,4085,163
Preferred stock dividends and other adjustments(16)      
Other undisclosed net loss available to common stockholders, basic(71)(79)(81)(80)   
Net income available to common stockholders, basic:7,9733,0566,6786,8412,7365,4085,163
Dilutive securities, effect on basic earnings per share(56)(20)(47)54214338
Other undisclosed net loss available to common stockholders, diluted   (108)   
Net income available to common stockholders, diluted:7,9173,0366,6316,7872,7575,4515,201

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:8,0603,1356,7596,9212,7365,4085,163
Other comprehensive income (loss)(50)(158)(140)(169)356(250)(615)
Comprehensive income, net of tax, attributable to parent:8,0102,9776,6196,7523,0925,1584,548

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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