American Express Company (AXP) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,91422,02832,96523,93227,44532,927
Cash and cash equivalents33,60721,84032,80823,79427,27932,927
Short-term investments307188157138166 
Total current assets:33,91422,02832,96523,93227,44532,927
Noncurrent Assets
Property, plant and equipment5,2154,9885,0154,8344,4164,329
Intangible assets, net (including goodwill) 3,9324,0054,1173,5823,3473,908
Goodwill 3,7863,8043,8523,3153,0723,009
Intangible assets, net (excluding goodwill) 146201265267275899
Regulated entity, other noncurrent assets 845264112117111
Other noncurrent assets 1,2071,1241,1471,1541,043 
Amortization method qualified affordable housing project investments 1,1461,0841,0951,1091,0061,018
Total noncurrent assets:11,58411,25311,43810,7919,9299,366
Other undisclosed assets182,856155,267146,964163,598151,228138,866
TOTAL ASSETS:228,354188,548191,367198,321188,602181,159
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2,5302,5282,3362,4292,1642,277
Employee-related liabilities2,5282,3362,4292,1642,277
Accrued liabilities 2,530     
Debt1,3482,2431,8786,4423,1003,278
Customer advances and deposits702
Total current liabilities:3,8784,7714,2148,8715,2646,257
Noncurrent Liabilities
Other undisclosed liabilities199,765161,600164,169166,379161,048156,675
Total liabilities:203,643166,371168,383175,250166,312162,932
Equity
Equity, attributable to parent24,71122,17722,98423,07122,29018,227
Common stock149153161163170172
Additional paid in capital11,49311,49511,88111,77412,21812,210
Accumulated other comprehensive loss(3,210)(2,945)(2,895)(2,737)(2,597)(2,428)
Retained earnings16,27913,47413,83713,87112,4998,273
Total equity:24,71122,17722,98423,07122,29018,227
TOTAL LIABILITIES AND EQUITY:228,354188,548191,367198,321188,602181,159

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues34,21927,71621,97428,15926,60733,762
Net investment income12,5628,9509,95611,89610,4888,464
Financial services revenue25,298
Cost of revenue(2,182) (4,730)(3,573)(3,352)(2,759)
Provision for loan, lease, and other losses(2,182) (4,730)(3,573)(3,352)
Financial services costs(2,759)
Gross profit:32,03727,71617,24424,58623,25531,003
Operating expenses(12,475)(11,011)(10,870)(11,373)(10,628)(12,840)
Other operating income, net
(Noninterest Income, Other Operating Income)
   8741,4301,3601,732
Operating income:19,56216,7057,24814,64313,98719,895
Interest and debt expense(2,763)(1,283)(2,098)(3,464)(2,943)(2,112)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (854)(2,750)(2,922)(10,369)
Income from continuing operations before equity method investments, income taxes:16,79915,4224,2968,4298,1227,414
Other undisclosed loss from continuing operations before income taxes(7,214)(4,733)    
Income from continuing operations before income taxes:9,58510,6894,2968,4298,1227,414
Income tax expense(2,071)(2,629)(1,161)(1,670)(1,201)(4,678)
Income from continuing operations:7,5148,0603,1356,7596,9212,736
Income before gain (loss) on sale of properties:8,0603,1356,7596,9212,736
Net income attributable to parent:7,5148,0603,1356,7596,9212,736
Preferred stock dividends and other adjustments  (16)    
Other undisclosed net loss available to common stockholders, basic(57)(71)(79)(81)(80) 
Net income available to common stockholders, basic:7,4577,9733,0566,6786,8412,736
Dilutive securities, effect on basic earnings per share  (56)(20)(47)5421
Other undisclosed net loss available to common stockholders, diluted(57)   (108) 
Net income available to common stockholders, diluted:7,4007,9173,0366,6316,7872,757

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:7,5148,0603,1356,7596,9212,736
Other comprehensive income (loss)(265)(50)(158)(140)(169)356
Comprehensive income:7,2498,0102,9776,6196,7523,092
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:7,2498,0102,9776,6196,7523,092

Statements Sources

The financial statements are based on the Company's filings with 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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