American Express Company (AXP) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,96523,93227,44532,92725,20822,76222,288
Cash and cash equivalents32,80823,79427,27932,92725,20822,76222,288
Short-term investments157138166    
Total current assets:32,96523,93227,44532,92725,20822,76222,288
Noncurrent Assets
Property, plant and equipment5,0154,8344,4164,3294,4334,1083,938
Intangible assets, net (including goodwill)4,1173,5823,3473,9083,7953,5453,878
Goodwill3,8523,3153,0723,0092,9272,7493,024
Intangible assets, net (excluding goodwill)265267275899868796854
Regulated entity, other noncurrent assets641121171117196116
Other noncurrent assets1,1471,1541,043    
Amortization method qualified affordable housing project investments1,0951,1091,0061,018  
Total noncurrent assets:11,43810,7919,9299,3668,2997,7497,932
Other undisclosed assets146,964163,598151,228138,866125,386130,673128,883
TOTAL ASSETS:191,367198,321188,602181,159158,893161,184159,103
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3362,4292,1642,2772,0552,0972,258
Employee-related liabilities2,3362,4292,1642,2772,0552,0972,258
Debt1,8786,4423,1003,2785,5814,8123,480
Customer advances and deposits702   
Total current liabilities:4,2148,8715,2646,2577,6366,9095,738
Noncurrent Liabilities
Liabilities, other than long-term debt     139 
Qualified affordable housing project investments, commitment     139
Total noncurrent liabilities:     139 
Other undisclosed liabilities164,169166,379161,048156,675130,756133,463132,692
Total liabilities:168,383175,250166,312162,932138,392140,511138,430
Stockholders' equity
Stockholders' equity attributable to parent22,98423,07122,29018,22720,50120,67320,673
Common stock161163170172181194205
Additional paid in capital11,88111,77412,21812,21012,73313,34812,874
Accumulated other comprehensive loss(2,895)(2,737)(2,597)(2,428)(2,784)(2,534)(1,919)
Retained earnings13,83713,87112,4998,27310,3719,6659,513
Total stockholders' equity:22,98423,07122,29018,22720,50120,67320,673
TOTAL LIABILITIES AND EQUITY:191,367198,321188,602181,159158,893161,184159,103

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues21,97428,15926,60733,76231,66331,90231,713
Net investment income9,95611,89610,4888,4647,3447,3887,000
Financial services revenue25,29824,31924,51424,713
Cost of revenue(4,730)(3,573)(3,352)(2,759)(2,026)(1,988)(2,044)
Provision for loan, lease, and other losses(4,730)(3,573)(3,352)
Financial services costs(2,759)(2,026)(1,988)(2,044)
Gross profit:17,24424,58623,25531,00329,63729,91429,669
Operating expenses(10,870)(11,373)(10,628)(12,840)(7,399)(7,559)(9,488)
Other operating income, net
(Noninterest Income, Other Operating Income)
8741,4301,3601,7322,0292,0332,989
Operating income:7,24814,64313,98719,89524,26724,38823,170
Nonoperating income      788
Investment income, nonoperating      744
Interest and debt expense(2,098)(3,464)(2,943)(2,112)(1,704)(1,623)(1,707)
Other undisclosed loss from continuing operations before equity method investments, income taxes(854)(2,750)(2,922)(10,369)(14,467)(14,827)(13,260)
Income from continuing operations before income taxes:4,2968,4298,1227,4148,0967,9388,991
Income tax expense(1,161)(1,670)(1,201)(4,678)(2,688)(2,775)(3,106)
Net income attributable to parent:3,1356,7596,9212,7365,4085,1635,885
Other undisclosed net loss available to common stockholders, basic(79)(81)(80)    
Net income available to common stockholders, basic:3,0566,6786,8412,7365,4085,1635,885
Dilutive securities, effect on basic earnings per share(20)(47)5421433846
Other undisclosed net loss available to common stockholders, diluted  (108)    
Net income available to common stockholders, diluted:3,0366,6316,7872,7575,4515,2015,931

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3,1356,7596,9212,7365,4085,1635,885
Other comprehensive income (loss)(158)(140)(169)356(250)(615)(493)
Comprehensive income, net of tax, attributable to parent:2,9776,6196,7523,0925,1584,5485,392

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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