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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,34127,44532,92725,20822,76222,288498
Cash and cash equivalents24,26627,27932,92725,20822,76222,288498
Short-term investments75166     
Total current assets:24,34127,44532,92725,20822,76222,288498
Noncurrent Assets
Property, plant and equipment4,7154,4164,3294,4334,1083,9383,875
Intangible assets, net (including goodwill) 3,3473,9083,7953,5453,8784,015
Goodwill 3,0723,0092,9272,7493,0243,198
Intangible assets, net (excluding goodwill) 275899868796854817
Regulated entity, other noncurrent assets 1171117196116105
Other noncurrent assets 1,043     
Amortization method qualified affordable housing project investments 1,0061,018  
Total noncurrent assets:4,7159,9299,3668,2997,7497,9327,995
Other undisclosed assets165,128151,228138,866125,386130,673128,883144,882
TOTAL ASSETS:194,184188,602181,159158,893161,184159,103153,375
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2,1642,2772,0552,0972,258 
Employee-related liabilities 2,1642,2772,0552,0972,258 
Debt2,8183,1003,2785,5814,8123,4805,021
Customer advances and deposits702   
Total current liabilities:2,8185,2646,2577,6366,9095,7385,021
Noncurrent Liabilities
Liabilities, other than long-term debt    139  
Qualified affordable housing project investments, commitment    139
Total noncurrent liabilities:    139  
Other undisclosed liabilities168,341161,048156,675130,756133,463132,692128,858
Total liabilities:171,159166,312162,932138,392140,511138,430133,879
Stockholders' equity
Stockholders' equity attributable to parent23,02522,29018,22720,50120,67320,67319,496
Common stock165170172181194205213
Additional paid in capital11,86912,21812,21012,73313,34812,87412,202
Accumulated other comprehensive loss(2,661)(2,597)(2,428)(2,784)(2,534)(1,919)(1,426)
Retained earnings13,65212,4998,27310,3719,6659,5138,507
Total stockholders' equity:23,02522,29018,22720,50120,67320,67319,496
TOTAL LIABILITIES AND EQUITY:194,184188,602181,159158,893161,184159,103153,375

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues16,60526,60733,76231,66331,90231,713 
Net investment income8,86110,4888,4647,3447,3887,000 
Financial services revenue25,29824,31924,51424,713 
Cost of revenue(3,503)(3,352)(2,759)(2,026)(1,988)(2,044)(1,229)
Provision for loan, lease, and other losses(2,549)(3,352)
Financial services costs(2,759)(2,026)(1,988)(2,044)(1,229)
Gross profit:13,10223,25531,00329,63729,91429,669(1,229)
Operating expenses(7,305)(10,628)(12,840)(7,399)(7,559)(9,488)(7,454)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,3871,3601,7322,0292,0332,9892,274
Operating income (loss):7,18413,98719,89524,26724,38823,170(6,409)
Nonoperating income     788108
Investment income, nonoperating     744 
Foreign currency transaction gain, before tax     44108
Interest and debt expense(3,497)(2,943)(2,112)(1,704)(1,623)(1,707)(1,958)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes4,587(2,922)(10,369)(14,467)(14,827)(13,260)16,147
Income from continuing operations before income taxes:8,2748,1227,4148,0967,9388,9917,888
Income tax expense(1,198)(1,201)(4,678)(2,688)(2,775)(3,106)(2,529)
Net income attributable to parent:7,0766,9212,7365,4085,1635,8855,359
Other undisclosed net loss available to common stockholders, basic(80)(80)     
Net income available to common stockholders, basic:6,9966,8412,7365,4085,1635,8855,359
Dilutive securities, effect on basic earnings per share295421433846 
Other undisclosed net loss available to common stockholders, diluted(134)(108)     
Net income available to common stockholders, diluted:6,8916,7872,7575,4515,2015,9315,359

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:7,0766,9212,7365,4085,1635,8855,359
Other comprehensive income (loss)(157)(169)356(250)(615)(493)(499)
Comprehensive income, net of tax, attributable to parent:6,9196,7523,0925,1584,5485,3924,860

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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