American Express Company (AXP) Financial Statements (2023 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,02827,91630,79640,28032,96533,12941,570
Cash and cash equivalents21,84027,80829,37340,06732,80833,03041,497
Short-term investments1881081,4232131579973
Total current assets:22,02827,91630,79640,28032,96533,12941,570
Noncurrent Assets
Property, plant and equipment4,9884,9604,8914,9435,0154,8354,829
Intangible assets, net (including goodwill)4,005   4,117  
Goodwill3,804   3,852  
Intangible assets, net (excluding goodwill)201   265  
Regulated entity, other noncurrent assets52   64  
Other noncurrent assets1,124   1,147  
Amortization method qualified affordable housing project investments1,084   1,095  
Total noncurrent assets:11,2534,9604,8914,94311,4384,8354,829
Other undisclosed assets155,267151,385151,286147,844146,964149,295142,209
TOTAL ASSETS:188,548184,261186,973193,067191,367187,259188,608
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,528   2,336  
Employee-related liabilities2,528   2,336  
Debt2,2432,2531,8641,5781,8781,7161,567
Total current liabilities:4,7712,2531,8641,5784,2141,7161,567
Noncurrent Liabilities
Other undisclosed liabilities161,600157,582159,570167,040164,169163,674165,979
Total liabilities:166,371159,835161,434168,618168,383165,390167,546
Stockholders' equity
Stockholders' equity attributable to parent22,17724,42625,53924,44922,98421,86921,062
Common stock153156160161161161161
Additional paid in capital11,49512,40111,85811,87811,88111,81811,760
Accumulated other comprehensive loss(2,945)(2,963)(2,881)(2,898)(2,895)(2,872)(2,911)
Retained earnings13,47414,83216,40215,30813,83712,76212,052
Total stockholders' equity:22,17724,42625,53924,44922,98421,86921,062
TOTAL LIABILITIES AND EQUITY:188,548184,261186,973193,067191,367187,259188,608

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues8,1617,1396,7625,6545,9415,3804,357
Net investment income2,3832,2832,1162,1682,2582,2912,399
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
    111(665)(1,555)
Gross profit:8,1617,1396,7625,6546,0524,7152,802
Operating expenses(3,320)(2,845)(2,677)(2,169)(3,025)(2,820)(2,332)
Other undisclosed operating income    874  
Operating income:4,8414,2944,0853,4853,9011,895470
Interest and debt expense(292)(307)(322)(362)(390)(450)(542)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (823)(130)(1,653)(81)694
Income from continuing operations before equity method investments, income taxes:4,5493,9872,9402,9931,8581,364622
Other undisclosed loss from continuing operations before income taxes(2,243)(1,537)     
Income from continuing operations before income taxes:2,3062,4502,9402,9931,8581,364622
Income tax expense(587)(624)(660)(758)(420)(291)(365)
Net income attributable to parent:1,7191,8262,2802,2351,4381,073257
Preferred stock dividends and other adjustments(7)(9)     
Other undisclosed net loss available to common stockholders, basic(22)(20)(15)(14)(14)(16)(17)
Net income available to common stockholders, basic:1,6901,7972,2652,2211,4241,057240
Dilutive securities, effect on basic earnings per share(11)(14)(16)(15)(10)(7)(2)
Net income available to common stockholders, diluted:1,6791,7832,2492,2061,4141,050238

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:1,7191,8262,2802,2351,4381,073257
Other comprehensive income (loss)18(82)17(3)(23)3985
Comprehensive income, net of tax, attributable to parent:1,7371,7442,2972,2321,4151,112342

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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