AXP FY 2012 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$33.8B	—	$32.3B	—	4.6%
Op. Income	$6.5B	—	$7.0B	—	-7.3%
Gross Margin	88.3%	—	89.4%	—	-1.0pp
Net Margin	13.3%	—	15.3%	—	-2.0pp
EPS (Diluted)	$3.89	—	$4.12	—	-5.6%
Free Cash Flow	$6.0B	—	$9.3B	—	-35.1%

Revenue Flow

Item	Amount
REVENUE	$33.8B
Cost of Revenue	$3.9B
GROSS PROFIT	$29.8B
R&D Expenses	$0
Selling & Marketing	$9.9B
General & Administrative	$6.6B
SG&A Expenses	$16.5B
Other Expenses	$6.9B
Operating Expenses	$23.4B
Cost & Expenses	$27.3B
OPERATING INCOME	$6.5B
Interest Income	$6.9B
Interest Expense	$2.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$6.5B
Income Tax Expense	$2.0B
Net Income from Continuing Ops	$4.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.4B
D&A	$991M
EBIT	$6.5B
EBITDA	$7.4B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$33.8B
Cost of Revenue	$3.9B
GROSS PROFIT	$29.8B
R&D Expenses	$0
Selling & Marketing	$9.9B
General & Administrative	$6.6B
SG&A Expenses	$16.5B
Other Expenses	$6.9B
Operating Expenses	$23.4B
Cost & Expenses	$27.3B
OPERATING INCOME	$6.5B
Interest Income	$6.9B
Interest Expense	$2.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$6.5B
Income Tax Expense	$2.0B
Net Income from Continuing Ops	$4.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.4B
D&A	$991M
EBIT	$6.5B
EBITDA	$7.4B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$4.5B
Depreciation & Amortization	$991M
Stock-Based Compensation	$297M
Deferred Income Tax	$218M
Other Non-Cash Items	$2.0B
Change in Working Capital	-$896M
OPERATING CASH FLOW	$7.1B
Capital Expenditure	-$1.1B
Acquisitions (Net)	-$466M
Purchases of Investments	-$473M
Sales/Maturities of Investments	$2.1B
Other Investing Activities	-$6.6B
NET CASH FROM INVESTING	-$6.5B
Net Debt Issuance	-$1.2B
Common Stock Repurchased	-$4.0B
Common Dividends Paid	-$902M
Other Financing Activities	$2.3B
NET CASH FROM FINANCING	-$3.3B
FREE CASH FLOW	$6.0B
Net Change in Cash	-$2.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$22.3B
Short-Term Investments	$0
Net Receivables	$3.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$27.8B
PP&E (Net)	$3.6B
Goodwill	$3.2B
Intangible Assets	$993M
Long-Term Investments	$114.8B
Tax Assets	$2.5B
Other Non-Current Assets	$314M
TOTAL NON-CURRENT ASSETS	$125.4B
TOTAL ASSETS	$153.1B
Account Payables	$10.0B
Short-Term Debt	$3.3B
Deferred Revenue	$0
Other Current Liabilities	$44.4B
TOTAL CURRENT LIABILITIES	$59.8B
Long-Term Debt	$58.9B
Deferred Revenue NC	$1.3B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14.2B
TOTAL NON-CURRENT LIABILITIES	$74.5B
TOTAL LIABILITIES	$134.3B
Common Stock	$221M
Additional Paid-In Capital	$12.1B
Retained Earnings	$7.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$927M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.9B
Minority Interest	$0
TOTAL EQUITY	$18.9B
TOTAL LIABILITIES & EQUITY	$153.1B
Total Debt	$62.3B
Net Debt	$40.0B