AXP Q1 2018 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q1 2018 Earnings

Reported April 25, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2018	Q4 2017	Q1 2017	QoQ Change	YoY Change
Revenue	$10.3B	$9.4B	—	9.8%	—
Op. Income	$2.1B	$1.8B	—	14.3%	—
Gross Margin	86.5%	85.0%	—	1.5pp	—
Net Margin	15.8%	-12.7%	—	28.5pp	—
EPS (Diluted)	$1.86	$-1.38	—	234.8%	—
Free Cash Flow	$1.8B	$4.7B	—	-61.2%	—

Revenue Flow

Item	Amount
REVENUE	$10.3B
Cost of Revenue	$1.4B
GROSS PROFIT	$8.9B
R&D Expenses	$0
Selling & Marketing	$1.3B
General & Administrative	$1.3B
SG&A Expenses	$2.7B
Other Expenses	$4.2B
Operating Expenses	$6.9B
Cost & Expenses	$8.3B
OPERATING INCOME	$2.1B
Interest Income	$2.5B
Interest Expense	$621M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$448M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$348M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$10.3B
Cost of Revenue	$1.4B
GROSS PROFIT	$8.9B
R&D Expenses	$0
Selling & Marketing	$1.3B
General & Administrative	$1.3B
SG&A Expenses	$2.7B
Other Expenses	$4.2B
Operating Expenses	$6.9B
Cost & Expenses	$8.3B
OPERATING INCOME	$2.1B
Interest Income	$2.5B
Interest Expense	$621M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$448M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$348M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$348M
Stock-Based Compensation	$84M
Deferred Income Tax	-$254M
Other Non-Cash Items	$775M
Change in Working Capital	-$524M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$237M
Acquisitions (Net)	-$475M
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$886M
Other Investing Activities	$348M
NET CASH FROM INVESTING	-$693M
Net Debt Issuance	-$4.7B
Common Stock Repurchased	-$134M
Common Dividends Paid	-$324M
Other Financing Activities	$2.2B
NET CASH FROM FINANCING	-$2.9B
FREE CASH FLOW	$1.8B
Net Change in Cash	-$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$31.0B
Short-Term Investments	$514M
Net Receivables	$3.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$34.8B
PP&E (Net)	$4.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$140.3B
Tax Assets	$0
Other Non-Current Assets	$679M
TOTAL NON-CURRENT ASSETS	$145.2B
TOTAL ASSETS	$180.0B
Account Payables	$14.0B
Short-Term Debt	$1.9B
Deferred Revenue	$0
Other Current Liabilities	$69.1B
TOTAL CURRENT LIABILITIES	$85.0B
Long-Term Debt	$52.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$22.9B
TOTAL NON-CURRENT LIABILITIES	$75.4B
TOTAL LIABILITIES	$160.3B
Common Stock	$172M
Additional Paid-In Capital	$12.2B
Retained Earnings	$9.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$19.6B
Minority Interest	$0
TOTAL EQUITY	$19.6B
TOTAL LIABILITIES & EQUITY	$180.0B
Total Debt	$54.3B
Net Debt	$23.3B