American Express Company (AXP) financial statements (2020 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,93224,34126,95433,17727,44530,23129,743
Cash and cash equivalents23,79424,26626,86933,17727,27930,23129,743
Short-term investments1387585 166  
Total current assets:23,93224,34126,95433,17727,44530,23129,743
Noncurrent Assets
Property, plant and equipment4,8344,7154,6584,4794,4164,2954,251
Intangible assets, net (including goodwill)3,582   3,347  
Goodwill3,315   3,072  
Intangible assets, net (excluding goodwill)267   275  
Regulated entity, other noncurrent assets112   117  
Other noncurrent assets1,154   1,043  
Amortization method qualified affordable housing project investments1,109   1,006  
Total noncurrent assets:10,7914,7154,6584,4799,9294,2954,251
Other undisclosed assets163,598165,128165,991159,537151,228154,566150,867
TOTAL ASSETS:198,321194,184197,603197,193188,602189,092184,861
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,429   2,164  
Employee-related liabilities2,429   2,164  
Deferred revenue  713 
Debt6,4422,8182,8272,0283,1002,2921,972
Customer advances and deposits657673
Total current liabilities:8,8712,8183,5402,0285,2642,9492,645
Noncurrent Liabilities
Other undisclosed liabilities166,379168,341170,971172,947161,048164,683161,324
Total liabilities:175,250171,159174,511174,975166,312167,632163,969
Stockholders' equity
Stockholders' equity attributable to parent23,07123,02523,09222,21822,29021,46020,892
Common stock163165167168170171173
Additional paid in capital11,77411,86911,98011,96312,21812,27212,306
Accumulated other comprehensive loss(2,737)(2,661)(2,606)(2,599)(2,597)(2,504)(2,483)
Retained earnings13,87113,65213,55112,68612,49911,52110,896
Total stockholders' equity:23,07123,02523,09222,21822,29021,46020,892
TOTAL LIABILITIES AND EQUITY:198,321194,184197,603197,193188,602189,092184,861

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues7,3327,0517,0806,697(4,223)10,55210,337
Net investment income3,0353,0272,9132,921 2,7032,513
Financial services revenue7,8497,824
Cost of revenue(1,024)(879)(861)(809)(954)(817)(806)
Provision for loan, lease, and other losses(1,024)(879)(861)(809)   
Financial services costs(817)(806)
Gross profit:6,3086,1726,2195,888(5,177)9,7359,531
Operating expenses(3,143)(2,853)(2,802)(2,575)925(3,970)(3,935)
Other operating income, net
(Noninterest Income, Other Operating Income)
343362362363300334349
Operating income (loss):3,5083,6813,7793,676(3,952)6,0995,945
Interest and debt expense(801)(877)(891)(895)(834)(777)(711)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(721)(538)(669)(823)6,617(3,204)(3,143)
Income from continuing operations before income taxes:1,9862,2662,2191,9581,8312,1182,091
Income tax expense (benefit)(293)(511)(458)(408)179(464)(468)
Net income attributable to parent:1,6931,7551,7611,5502,0101,6541,623
Other undisclosed net loss available to common stockholders, basic(20)(21)(19)(21)(19)(20)(20)
Net income available to common stockholders, basic:1,6731,7341,7421,5291,9911,6341,603
Dilutive securities, effect on basic earnings per share(12)(11)1311161312
Other undisclosed net loss available to common stockholders, diluted  (26) (108) (12)
Net income available to common stockholders, diluted:1,6611,7231,7291,5401,8991,6471,603

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:1,6931,7551,7611,5502,0101,6541,623
Other comprehensive loss(76)(55)(7)(2)(93)(21)(102)
Comprehensive income, net of tax, attributable to parent:1,6171,7001,7541,5481,9171,6331,521

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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