AXP FY 2007 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

FY 2007 Earnings

Reported February 28, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$31.5B	—	$27.7B	—	13.9%
Op. Income	$5.7B	—	$5.1B	—	12.2%
Gross Margin	75.0%	—	80.4%	—	-5.4pp
Net Margin	12.7%	—	13.4%	—	-0.7pp
EPS (Diluted)	$3.35	—	$2.99	—	12.0%
Free Cash Flow	$7.5B	—	$8.1B	—	-7.3%

Revenue Flow

Item	Amount
REVENUE	$31.5B
Cost of Revenue	$7.9B
GROSS PROFIT	$23.7B
R&D Expenses	$0
Selling & Marketing	$7.8B
General & Administrative	$5.4B
SG&A Expenses	$13.3B
Other Expenses	$4.7B
Operating Expenses	$18.0B
Cost & Expenses	$25.8B
OPERATING INCOME	$5.7B
Interest Income	$7.4B
Interest Expense	$4.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$5.7B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$4.0B
Net Income from Discontinued Ops	-$114M
Other Adjustments	$0
NET INCOME	$4.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.0B
D&A	$648M
EBIT	$5.7B
EBITDA	$6.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$31.5B
Cost of Revenue	$7.9B
GROSS PROFIT	$23.7B
R&D Expenses	$0
Selling & Marketing	$7.8B
General & Administrative	$5.4B
SG&A Expenses	$13.3B
Other Expenses	$4.7B
Operating Expenses	$18.0B
Cost & Expenses	$25.8B
OPERATING INCOME	$5.7B
Interest Income	$7.4B
Interest Expense	$4.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$5.7B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$4.0B
Net Income from Discontinued Ops	-$114M
Other Adjustments	$0
NET INCOME	$4.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.0B
D&A	$648M
EBIT	$5.7B
EBITDA	$6.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$4.0B
Depreciation & Amortization	$648M
Stock-Based Compensation	$276M
Deferred Income Tax	-$738M
Other Non-Cash Items	$4.3B
Change in Working Capital	-$68M
OPERATING CASH FLOW	$8.5B
Capital Expenditure	-$938M
Acquisitions (Net)	-$124M
Purchases of Investments	-$10.3B
Sales/Maturities of Investments	$12.0B
Other Investing Activities	-$17.7B
NET CASH FROM INVESTING	-$17.1B
Net Debt Issuance	$14.3B
Common Stock Repurchased	-$3.6B
Common Dividends Paid	-$712M
Other Financing Activities	$4.6B
NET CASH FROM FINANCING	$15.5B
FREE CASH FLOW	$7.5B
Net Change in Cash	$7.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$8.9B
Short-Term Investments	$0
Net Receivables	$3.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$12.6B
PP&E (Net)	$2.7B
Goodwill	$1.5B
Intangible Assets	$204M
Long-Term Investments	$131.0B
Tax Assets	$2.4B
Other Non-Current Assets	-$665M
TOTAL NON-CURRENT ASSETS	$137.2B
TOTAL ASSETS	$149.7B
Account Payables	$7.7B
Short-Term Debt	$17.8B
Deferred Revenue	$0
Other Current Liabilities	$22.6B
TOTAL CURRENT LIABILITIES	$48.1B
Long-Term Debt	$55.2B
Deferred Revenue NC	$1.0B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$34.3B
TOTAL NON-CURRENT LIABILITIES	$90.6B
TOTAL LIABILITIES	$138.7B
Common Stock	$232M
Additional Paid-In Capital	$10.2B
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$442M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.0B
Minority Interest	$0
TOTAL EQUITY	$11.0B
TOTAL LIABILITIES & EQUITY	$149.7B
Total Debt	$73.0B
Net Debt	$64.2B