AXP FY 2009 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

FY 2009 Earnings

Reported February 25, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$26.3B	—	—	—	—
Op. Income	$2.8B	—	—	—	—
Gross Margin	71.4%	—	—	—	—
Net Margin	8.1%	—	—	—	—
EPS (Diluted)	$1.54	—	—	—	—
Free Cash Flow	$5.6B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$26.3B
Cost of Revenue	$7.5B
GROSS PROFIT	$18.8B
R&D Expenses	$0
Selling & Marketing	$6.6B
General & Administrative	$5.1B
SG&A Expenses	$11.6B
Other Expenses	$4.3B
Operating Expenses	$16.0B
Cost & Expenses	$23.5B
OPERATING INCOME	$2.8B
Interest Income	$5.3B
Interest Expense	$2.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$704M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$1.1B
EBIT	$2.8B
EBITDA	$3.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$26.3B
Cost of Revenue	$7.5B
GROSS PROFIT	$18.8B
R&D Expenses	$0
Selling & Marketing	$6.6B
General & Administrative	$5.1B
SG&A Expenses	$11.6B
Other Expenses	$4.3B
Operating Expenses	$16.0B
Cost & Expenses	$23.5B
OPERATING INCOME	$2.8B
Interest Income	$5.3B
Interest Expense	$2.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$704M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$1.1B
EBIT	$2.8B
EBITDA	$3.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$202M
Deferred Income Tax	-$1.4B
Other Non-Cash Items	$5.1B
Change in Working Capital	-$676M
OPERATING CASH FLOW	$6.4B
Capital Expenditure	-$772M
Acquisitions (Net)	$3.8B
Purchases of Investments	-$13.7B
Sales/Maturities of Investments	$5.8B
Other Investing Activities	-$1.9B
NET CASH FROM INVESTING	-$6.8B
Net Debt Issuance	-$15.1B
Common Stock Repurchased	-$3.4B
Common Dividends Paid	-$924M
Other Financing Activities	$10.7B
NET CASH FROM FINANCING	-$4.6B
FREE CASH FLOW	$5.6B
Net Change in Cash	-$5.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$16.6B
Short-Term Investments	$4.1B
Net Receivables	$5.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$28.5B
PP&E (Net)	$2.8B
Goodwill	$2.3B
Intangible Assets	$717M
Long-Term Investments	$92.2B
Tax Assets	$3.0B
Other Non-Current Assets	-$4.3B
TOTAL NON-CURRENT ASSETS	$96.6B
TOTAL ASSETS	$125.1B
Account Payables	$9.1B
Short-Term Debt	$2.3B
Deferred Revenue	$0
Other Current Liabilities	$32.3B
TOTAL CURRENT LIABILITIES	$45.0B
Long-Term Debt	$52.3B
Deferred Revenue NC	$1.0B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12.4B
TOTAL NON-CURRENT LIABILITIES	$65.8B
TOTAL LIABILITIES	$110.7B
Common Stock	$237M
Additional Paid-In Capital	$11.1B
Retained Earnings	$3.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$712M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.4B
Minority Interest	$0
TOTAL EQUITY	$14.4B
TOTAL LIABILITIES & EQUITY	$125.1B
Total Debt	$54.7B
Net Debt	$38.1B