2016 Q4 Form 10-Q Financial Statement

#000119312516746492 Filed on October 25, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $8.022B $7.774B $1.904B
YoY Change -5.94% 308.3% 4.9%
Cost Of Revenue $3.182B $1.994B $2.153B
YoY Change 46.57% -7.39% 8.14%
Gross Profit $8.307B $5.930B $6.165B
YoY Change 30.65% -3.81% -3.72%
Gross Profit Margin 103.55% 76.28% 323.79%
Selling, General & Admin $5.931B $3.320B $3.353B
YoY Change 71.66% -0.98% 0.78%
% of Gross Profit 71.4% 55.99% 54.39%
Research & Development $68.00M $84.00M
YoY Change -19.05% -7.69%
% of Gross Profit 1.15% 1.36%
Depreciation & Amortization $285.0M $274.0M $266.0M
YoY Change 8.37% 3.01% 6.83%
% of Gross Profit 3.43% 4.62% 4.31%
Operating Expenses $7.373B $68.00M $84.00M
YoY Change 65.61% -19.05% -7.69%
Operating Profit $934.0M $5.862B $6.081B
YoY Change -51.0% -3.6% -3.66%
Interest Expense -$9.000M $430.0M $399.0M
YoY Change 28.57% 7.77% -5.0%
% of Operating Profit -0.96% 7.34% 6.56%
Other Income/Expense, Net
YoY Change
Pretax Income $1.161B $1.735B $1.938B
YoY Change -20.15% -10.47% -13.71%
Income Tax $315.0M $593.0M $672.0M
% Of Pretax Income 27.13% 34.18% 34.67%
Net Earnings $825.0M $1.142B $1.266B
YoY Change -8.23% -9.79% -14.29%
Net Earnings / Revenue 10.28% 14.69% 66.49%
Basic Earnings Per Share $0.88 $1.21 $1.24
Diluted Earnings Per Share $0.88 $1.20 $1.24
COMMON SHARES
Basic Shares Outstanding 915.3M shares 920.0M shares 994.0M shares
Diluted Shares Outstanding 923.0M shares 997.0M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.06B $25.51B $19.33B
YoY Change 6.9% 31.99% -8.27%
Cash & Equivalents $25.49B $22.99B $16.72B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $46.84B $44.82B $43.89B
Other Receivables $3.232B $2.510B $2.517B
Total Short-Term Assets $74.13B $72.84B $65.74B
YoY Change -11.95% 10.81% -3.88%
LONG-TERM ASSETS
Property, Plant & Equipment $4.433B $4.301B $4.032B
YoY Change 7.91% 6.67% 2.83%
Goodwill $2.927B
YoY Change 6.48%
Intangibles
YoY Change
Long-Term Investments $4.308B $4.736B $4.556B
YoY Change 7.24% 3.95% -7.81%
Other Assets $286.0M $612.0M $748.0M
YoY Change -40.04% -18.18% 1600.0%
Total Long-Term Assets $84.87B $80.16B $88.26B
YoY Change 10.49% -9.18% 3.26%
TOTAL ASSETS
Total Short-Term Assets $74.13B $72.84B $65.74B
Total Long-Term Assets $84.87B $80.16B $88.26B
Total Assets $159.0B $153.0B $154.0B
YoY Change -1.24% -0.65% 0.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.19B $11.37B $11.34B
YoY Change -5.35% 0.28% -1.48%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $5.581B $2.861B $52.46B
YoY Change 15.98% -94.55% 1451.18%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $69.81B $67.73B $63.80B
YoY Change -2.54% 6.16% 10.78%
LONG-TERM LIABILITIES
Long-Term Debt $46.99B $44.89B $48.65B
YoY Change -2.23% -7.73% -12.67%
Other Long-Term Liabilities $21.59B $19.73B $20.43B
YoY Change 3.7% -3.4% 0.43%
Total Long-Term Liabilities $68.58B $64.63B $69.08B
YoY Change -0.44% -6.45% -9.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.81B $67.73B $63.80B
Total Long-Term Liabilities $68.58B $64.63B $69.08B
Total Liabilities $138.4B $132.4B $132.9B
YoY Change -1.51% -0.39% -0.57%
SHAREHOLDERS EQUITY
Retained Earnings $10.37B $10.66B $10.03B
YoY Change 7.3% 6.34% 7.39%
Common Stock $181.0M $184.0M $197.0M
YoY Change -6.7% -6.6% -4.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 3.000M shares
Shareholders Equity $20.52B $21.00B $21.00B
YoY Change
Total Liabilities & Shareholders Equity $158.9B $153.4B $154.2B
YoY Change -1.42% -0.54% 0.23%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $825.0M $1.142B $1.266B
YoY Change -8.23% -9.79% -14.29%
Depreciation, Depletion And Amortization $285.0M $274.0M $266.0M
YoY Change 8.37% 3.01% 6.83%
Cash From Operating Activities $3.340B $1.751B $3.773B
YoY Change 26.9% -53.59% 1.95%
INVESTING ACTIVITIES
Capital Expenditures -$400.0M -$326.0M -$342.0M
YoY Change -13.42% -4.68% 11.04%
Acquisitions
YoY Change
Other Investing Activities -$8.007B -$1.682B $565.0M
YoY Change 59.38% -397.7% -151.55%
Cash From Investing Activities -$8.407B -$2.008B $223.0M
YoY Change 53.24% -1000.45% -115.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.719B -6.984B -4.986B
YoY Change -34.89% 40.07% -874.22%
NET CHANGE
Cash From Operating Activities 3.340B 1.751B 3.773B
Cash From Investing Activities -8.407B -2.008B 223.0M
Cash From Financing Activities 3.719B -6.984B -4.986B
Net Change In Cash -1.348B -7.241B -990.0M
YoY Change -147.17% 631.41% -133.66%
FREE CASH FLOW
Cash From Operating Activities $3.340B $1.751B $3.773B
Capital Expenditures -$400.0M -$326.0M -$342.0M
Free Cash Flow $3.740B $2.077B $4.115B
YoY Change 20.88% -49.53% 2.64%

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450000000 USD
us-gaap Increase Decrease In Restricted Cash
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us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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us-gaap Common Stock Dividends Per Share Declared
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axp Card Related Fraud Losses
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us-gaap Fees And Commissions Credit Cards
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CY2016Q3 axp Card Member Rewards
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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33000000 USD
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14384000000 USD
axp Service Fees
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228000000 USD
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44821000000 USD
CY2015Q4 axp Reserves On Cardmember Loans Evaluated Collectively For Impairment
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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17
us-gaap Communications And Information Technology
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us-gaap Payments For Proceeds From Loans And Leases
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us-gaap Valuation Allowances And Reserves Recoveries
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us-gaap Labor And Related Expense
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axp Allowance For Receivables Recoveries Of Bad Debts Tdr
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axp Net Income Attributable To Common Shareholders
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us-gaap Provision For Loan Lease And Other Losses
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axp Provisions For Losses Deductions Charge Card Net Write Offs Principal And Fees
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352000000 USD
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us-gaap Interest Expense
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us-gaap Prior Period Reclassification Adjustment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Investments
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CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
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20000000 USD
CY2015Q4 us-gaap Interest Bearing Domestic Deposit Certificates Of Deposits
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CY2016Q3 us-gaap Deposits
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us-gaap Proceeds From Sale Of Loans Held For Sale
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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10130000000 USD
CY2016Q3 us-gaap Cash And Due From Banks
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axp Card Member Rewards
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5000000 USD
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181000000 USD
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2016-09-30
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4516000000 USD
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CY2016Q3 axp Card Related Fraud Losses
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67000000 USD
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33000000 USD
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22000000 USD
CY2016Q3 axp Travel Commissions And Fees
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dei Entity Voluntary Filers
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No
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us-gaap Guarantees Indemnifications And Warranties Policies
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:11pt;margin-left:0pt;' >The Company&#8217;s initial recognition of </font><font style='font-family:Times New Roman;font-size:11pt;' >these instruments i</font><font style='font-family:Times New Roman;font-size:11pt;' >s at fair value. In</font><font style='font-family:Times New Roman;font-size:11pt;' > addition, the Company establishes reserves when a loss is probable and the amount can be reasonably</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:11pt;' >estimated.</font></p></div>
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us-gaap Payments Of Dividends
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969000000 shares
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101000000 USD
axp Marketing And Promotion
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2445000000 USD
us-gaap Income Loss From Continuing Operations
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6
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214000000 USD
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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us-gaap Provision For Other Losses
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46000000 USD
us-gaap Earnings Per Share Basic
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4.77
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1938000000 USD
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10069000000 USD
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20673000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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1821000000 USD
CY2015Q3 us-gaap Communications And Information Technology
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axp Travel Commissions And Fees
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