2015 Q2 Form 10-Q Financial Statement

#000119312515267714 Filed on July 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $1.837B $1.759B
YoY Change 4.43% -78.94%
Cost Of Revenue $2.146B $2.054B
YoY Change 4.48% 8.05%
Gross Profit $6.247B $6.668B
YoY Change -6.31% 3.36%
Gross Profit Margin 340.07% 379.08%
Selling, General & Admin $3.166B $4.002B
YoY Change -20.89% 9.82%
% of Gross Profit 50.68% 60.02%
Research & Development $83.00M $101.0M
YoY Change -17.82%
% of Gross Profit 1.33% 1.51%
Depreciation & Amortization $263.0M $266.0M
YoY Change -1.13% 5.56%
% of Gross Profit 4.21% 3.99%
Operating Expenses $83.00M $101.0M
YoY Change -17.82% -97.71%
Operating Profit $6.164B $6.567B
YoY Change -6.14% 220.34%
Interest Expense $414.0M $443.0M
YoY Change -6.55% 2115.0%
% of Operating Profit 6.72% 6.75%
Other Income/Expense, Net
YoY Change
Pretax Income $2.230B $2.312B
YoY Change -3.55% 15.89%
Income Tax $757.0M $783.0M
% Of Pretax Income 33.95% 33.87%
Net Earnings $1.473B $1.529B
YoY Change -3.66% 8.83%
Net Earnings / Revenue 80.19% 86.92%
Basic Earnings Per Share $1.43 $1.44
Diluted Earnings Per Share $1.42 $1.43
COMMON SHARES
Basic Shares Outstanding 1.009B shares 1.052B shares
Diluted Shares Outstanding 1.013B shares 1.058B shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.93B $18.04B
YoY Change 16.02% 365.84%
Cash & Equivalents $18.49B $15.40B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $44.46B $44.89B
Other Receivables $2.805B $3.753B
Total Short-Term Assets $68.20B $66.69B
YoY Change 2.26% 31.31%
LONG-TERM ASSETS
Property, Plant & Equipment $4.016B $3.870B
YoY Change 3.77% 4.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.723B $5.243B
YoY Change -9.92% -78.62%
Other Assets $1.578B $68.00M
YoY Change 2220.59% 7.94%
Total Long-Term Assets $88.96B $85.70B
YoY Change 3.8% -15.27%
TOTAL ASSETS
Total Short-Term Assets $68.20B $66.69B
Total Long-Term Assets $88.96B $85.70B
Total Assets $157.2B $152.4B
YoY Change 3.13% 0.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.06B $11.65B
YoY Change -5.06% -18.64%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $4.486B $3.436B
YoY Change 30.56% -92.1%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $62.71B $57.22B
YoY Change 9.6% -0.99%
LONG-TERM LIABILITIES
Long-Term Debt $52.74B $54.84B
YoY Change -3.82% 4.1%
Other Long-Term Liabilities $19.82B $20.12B
YoY Change -1.49% -10.33%
Total Long-Term Liabilities $72.56B $74.95B
YoY Change -3.2% -0.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.71B $57.22B
Total Long-Term Liabilities $72.56B $74.95B
Total Liabilities $135.3B $132.2B
YoY Change 2.34% -0.55%
SHAREHOLDERS EQUITY
Retained Earnings $10.20B $9.127B
YoY Change 11.75%
Common Stock $201.0M $210.0M
YoY Change -4.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $22.00B $20.21B
YoY Change
Total Liabilities & Shareholders Equity $157.2B $152.4B
YoY Change 3.13% 0.3%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $1.473B $1.529B
YoY Change -3.66% 8.83%
Depreciation, Depletion And Amortization $263.0M $266.0M
YoY Change -1.13% 5.56%
Cash From Operating Activities $2.175B $1.600B
YoY Change 35.94% -40.34%
INVESTING ACTIVITIES
Capital Expenditures -$281.0M -$320.0M
YoY Change -12.19% 18.08%
Acquisitions
YoY Change
Other Investing Activities -$5.470B -$2.813B
YoY Change 94.45% 66.35%
Cash From Investing Activities -$5.751B -$3.133B
YoY Change 83.56% 59.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.053B -815.0M
YoY Change -229.2% -85.03%
NET CHANGE
Cash From Operating Activities 2.175B 1.600B
Cash From Investing Activities -5.751B -3.133B
Cash From Financing Activities 1.053B -815.0M
Net Change In Cash -2.523B -2.348B
YoY Change 7.45% -50.3%
FREE CASH FLOW
Cash From Operating Activities $2.175B $1.600B
Capital Expenditures -$281.0M -$320.0M
Free Cash Flow $2.456B $1.920B
YoY Change 27.92% -34.98%

Facts In Submission

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axp Increase Decrease In Travelers Cheques Outstanding
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axp Global Network Services Partner Revenues
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us-gaap Labor And Related Expense
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dei Trading Symbol
TradingSymbol
AXP
dei Entity Central Index Key
EntityCentralIndexKey
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CY2015Q2 axp Marketing And Promotion
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1370000000 USD
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axp Cardmember Rewards
CardmemberRewards
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axp Cardmember Services
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CY2014Q2 axp Cardmember Services
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CY2015Q2 us-gaap Preferred Stock Value
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axp Income Loss From Affordable Housing Projects Equity Method Investments
IncomeLossFromAffordableHousingProjectsEquityMethodInvestments
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axp Affordable Housing Tax Credit And Other Tax Benefits Amount
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FinancingReceivableModificationsOutOfProgramSuccessRecordedInvestment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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axp Other Revenues
OtherRevenues
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axp Global Network Services Partner Revenues
GlobalNetworkServicesPartnerRevenues
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241000000 USD
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9000000 USD
axp Affordable Housing Tax Credit And Other Tax Benefits Amount
AffordableHousingTaxCreditAndOtherTaxBenefitsAmount
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CY2015Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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218000000 USD
CY2015Q2 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
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205000000 USD
CY2015Q2 axp Financing Receivable Modifications In Program Recorded Investment1
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CY2015Q2 axp Financing Receivable Modifications Out Of Program Recorded Investment1
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CY2015Q2 axp Loans And Leases Receivable Impaired Unpaid Principal Balance
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CY2015Q2 us-gaap Impaired Financing Receivable Related Allowance
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CY2014Q4 axp Loans And Leases Receivable Impaired Unpaid Principal Balance
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CY2014Q4 us-gaap Impaired Financing Receivable Related Allowance
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CY2014Q4 us-gaap Preferred Stock Value
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CY2015Q2 axp Affordable Housing Tax Credits Commitment Year To Be Paid
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us-gaap Dividends Preferred Stock
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CY2014Q4 us-gaap Preferred Stock Shares Issued
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750 shares
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2014Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
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us-gaap Impaired Financing Receivable Interest Income Accrual Method
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us-gaap Impaired Financing Receivable Average Recorded Investment
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CY2014Q2 axp Deconsolidation Gain Or Loss Amount Before Tax
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CY2015Q2 axp Deconsolidation Gain Or Loss Amount Before Tax
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DeconsolidationGainOrLossAmountBeforeTax
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axp Deconsolidation Gain Or Loss Amount Before Tax
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2015Q2 axp Time Deposits250000 Or More Domestic
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CY2015Q2 axp Time Deposits250000 Or More Foreign
TimeDeposits250000OrMoreForeign
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CY2015Q2 axp Time Deposits250000 Or More
TimeDeposits250000OrMore
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CY2014Q2 axp Time Deposits250000 Or More Domestic
TimeDeposits250000OrMoreDomestic
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CY2014Q2 axp Time Deposits250000 Or More Foreign
TimeDeposits250000OrMoreForeign
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CY2014Q2 axp Time Deposits250000 Or More
TimeDeposits250000OrMore
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CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2015Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
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CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
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axp Provisions For Losses Deductions Net Write Offs
ProvisionsForLossesDeductionsNetWriteOffs
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axp Provisions For Losses Deductions Net Write Offs
ProvisionsForLossesDeductionsNetWriteOffs
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axp Card Member Receivables Net Write Offs
CardMemberReceivablesNetWriteOffs
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axp Card Member Receivables Net Write Offs
CardMemberReceivablesNetWriteOffs
42000000 USD
axp Provisions For Losses Deductions Charge Card Net Write Offs Principal And Fees
ProvisionsForLossesDeductionsChargeCardNetWriteOffsPrincipalAndFees
359000000 USD

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