AXP FY 2013 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

FY 2013 Earnings

Reported February 25, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$34.8B	—	$33.8B	—	3.1%
Op. Income	$7.9B	—	$6.5B	—	22.3%
Gross Margin	89.1%	—	88.3%	—	0.8pp
Net Margin	15.4%	—	13.3%	—	2.1pp
EPS (Diluted)	$4.88	—	$3.89	—	25.4%
Free Cash Flow	$7.5B	—	$6.0B	—	25.1%

Revenue Flow

Item	Amount
REVENUE	$34.8B
Cost of Revenue	$3.8B
GROSS PROFIT	$31.0B
R&D Expenses	$0
Selling & Marketing	$2.9B
General & Administrative	$6.2B
SG&A Expenses	$9.1B
Other Expenses	$14.0B
Operating Expenses	$23.1B
Cost & Expenses	$26.9B
OPERATING INCOME	$7.9B
Interest Income	$7.0B
Interest Expense	$2.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$7.9B
Income Tax Expense	$2.5B
Net Income from Continuing Ops	$5.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.3B
D&A	$1.0B
EBIT	$7.9B
EBITDA	$8.9B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$34.8B
Cost of Revenue	$3.8B
GROSS PROFIT	$31.0B
R&D Expenses	$0
Selling & Marketing	$2.9B
General & Administrative	$6.2B
SG&A Expenses	$9.1B
Other Expenses	$14.0B
Operating Expenses	$23.1B
Cost & Expenses	$26.9B
OPERATING INCOME	$7.9B
Interest Income	$7.0B
Interest Expense	$2.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$7.9B
Income Tax Expense	$2.5B
Net Income from Continuing Ops	$5.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.3B
D&A	$1.0B
EBIT	$7.9B
EBITDA	$8.9B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$5.4B
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$350M
Deferred Income Tax	-$283M
Other Non-Cash Items	$2.1B
Change in Working Capital	-$9M
OPERATING CASH FLOW	$8.5B
Capital Expenditure	-$1.0B
Acquisitions (Net)	-$195M
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$1.5B
Other Investing Activities	-$6.2B
NET CASH FROM INVESTING	-$7.3B
Net Debt Issuance	-$925M
Common Stock Repurchased	-$3.9B
Common Dividends Paid	-$939M
Other Financing Activities	$1.2B
NET CASH FROM FINANCING	-$3.9B
FREE CASH FLOW	$7.5B
Net Change in Cash	-$2.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$19.3B
Short-Term Investments	$143M
Net Receivables	$3.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$24.9B
PP&E (Net)	$3.9B
Goodwill	$3.2B
Intangible Assets	$817M
Long-Term Investments	$117.4B
Tax Assets	$2.4B
Other Non-Current Assets	$783M
TOTAL NON-CURRENT ASSETS	$128.5B
TOTAL ASSETS	$153.4B
Account Payables	$10.6B
Short-Term Debt	$5.0B
Deferred Revenue	$0
Other Current Liabilities	$46.0B
TOTAL CURRENT LIABILITIES	$63.8B
Long-Term Debt	$55.2B
Deferred Revenue NC	$1.3B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13.4B
TOTAL NON-CURRENT LIABILITIES	$70.0B
TOTAL LIABILITIES	$133.9B
Common Stock	$213M
Additional Paid-In Capital	$12.2B
Retained Earnings	$8.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$19.5B
Minority Interest	$0
TOTAL EQUITY	$19.5B
TOTAL LIABILITIES & EQUITY	$153.4B
Total Debt	$60.4B
Net Debt	$41.0B