AXP FY 2006 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

FY 2006 Earnings

Reported March 1, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$27.7B	—	—	—	—
Op. Income	$5.1B	—	—	—	—
Gross Margin	80.4%	—	—	—	—
Net Margin	13.4%	—	—	—	—
EPS (Diluted)	$2.99	—	—	—	—
Free Cash Flow	$8.1B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$27.7B
Cost of Revenue	$5.4B
GROSS PROFIT	$22.3B
R&D Expenses	$0
Selling & Marketing	$6.5B
General & Administrative	$5.0B
SG&A Expenses	$11.5B
Other Expenses	$5.6B
Operating Expenses	$17.1B
Cost & Expenses	$22.5B
OPERATING INCOME	$5.1B
Interest Income	$6.8B
Interest Expense	$2.9B
Other Income/Expenses	$66M
INCOME BEFORE TAX	$5.2B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$82M
Other Adjustments	$0
NET INCOME	$3.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.7B
D&A	$608M
EBIT	$5.2B
EBITDA	$5.8B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$27.7B
Cost of Revenue	$5.4B
GROSS PROFIT	$22.3B
R&D Expenses	$0
Selling & Marketing	$6.5B
General & Administrative	$5.0B
SG&A Expenses	$11.5B
Other Expenses	$5.6B
Operating Expenses	$17.1B
Cost & Expenses	$22.5B
OPERATING INCOME	$5.1B
Interest Income	$6.8B
Interest Expense	$2.9B
Other Income/Expenses	$66M
INCOME BEFORE TAX	$5.2B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$82M
Other Adjustments	$0
NET INCOME	$3.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.7B
D&A	$608M
EBIT	$5.2B
EBITDA	$5.8B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.7B
Depreciation & Amortization	$645M
Stock-Based Compensation	$298M
Deferred Income Tax	-$524M
Other Non-Cash Items	$3.1B
Change in Working Capital	$1.8B
OPERATING CASH FLOW	$9.0B
Capital Expenditure	-$861M
Acquisitions (Net)	$993M
Purchases of Investments	-$18.5B
Sales/Maturities of Investments	$19.2B
Other Investing Activities	-$16.1B
NET CASH FROM INVESTING	-$15.2B
Net Debt Issuance	$11.5B
Common Stock Repurchased	-$4.1B
Common Dividends Paid	-$661M
Other Financing Activities	-$1.4B
NET CASH FROM FINANCING	$6.8B
FREE CASH FLOW	$8.1B
Net Change in Cash	$830M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.3B
Short-Term Investments	$0
Net Receivables	$2.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.2B
PP&E (Net)	$2.4B
Goodwill	$1.5B
Intangible Assets	$156M
Long-Term Investments	$114.4B
Tax Assets	$1.6B
Other Non-Current Assets	$91M
TOTAL NON-CURRENT ASSETS	$120.1B
TOTAL ASSETS	$128.3B
Account Payables	$8.7B
Short-Term Debt	$15.2B
Deferred Revenue	$0
Other Current Liabilities	$19.2B
TOTAL CURRENT LIABILITIES	$43.1B
Long-Term Debt	$42.7B
Deferred Revenue NC	$987M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$30.9B
TOTAL NON-CURRENT LIABILITIES	$74.7B
TOTAL LIABILITIES	$117.8B
Common Stock	$240M
Additional Paid-In Capital	$9.6B
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$520M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.5B
Minority Interest	$0
TOTAL EQUITY	$10.5B
TOTAL LIABILITIES & EQUITY	$128.3B
Total Debt	$58.0B
Net Debt	$52.7B