AXP Q2 2016 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q2 2016 Earnings

Reported July 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$9.8B	$8.6B	—	13.0%	—
Op. Income	$3.0B	$2.2B	—	38.1%	—
Gross Margin	90.8%	90.1%	—	0.7pp	—
Net Margin	20.6%	16.5%	—	4.1pp	—
EPS (Diluted)	$2.10	$1.45	—	44.8%	—
Free Cash Flow	$322M	$2.2B	—	-85.1%	—

Revenue Flow

Item	Amount
REVENUE	$9.8B
Cost of Revenue	$899M
GROSS PROFIT	$8.9B
R&D Expenses	$0
Selling & Marketing	$788M
General & Administrative	$1.5B
SG&A Expenses	$2.2B
Other Expenses	$3.6B
Operating Expenses	$5.8B
Cost & Expenses	$6.7B
OPERATING INCOME	$3.0B
Interest Income	$1.9B
Interest Expense	$436M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$1.0B
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.0B
D&A	$275M
EBIT	$3.0B
EBITDA	$3.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$9.8B
Cost of Revenue	$899M
GROSS PROFIT	$8.9B
R&D Expenses	$0
Selling & Marketing	$788M
General & Administrative	$1.5B
SG&A Expenses	$2.2B
Other Expenses	$3.6B
Operating Expenses	$5.8B
Cost & Expenses	$6.7B
OPERATING INCOME	$3.0B
Interest Income	$1.9B
Interest Expense	$436M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$1.0B
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.0B
D&A	$275M
EBIT	$3.0B
EBITDA	$3.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.0B
Depreciation & Amortization	$275M
Stock-Based Compensation	$63M
Deferred Income Tax	-$1.1B
Other Non-Cash Items	$463M
Change in Working Capital	-$1.1B
OPERATING CASH FLOW	$669M
Capital Expenditure	-$347M
Acquisitions (Net)	-$7M
Purchases of Investments	-$446M
Sales/Maturities of Investments	$341M
Other Investing Activities	$9.0B
NET CASH FROM INVESTING	$8.5B
Net Debt Issuance	$2.9B
Common Stock Repurchased	-$1.7B
Common Dividends Paid	-$299M
Other Financing Activities	-$1.4B
NET CASH FROM FINANCING	-$408M
FREE CASH FLOW	$322M
Net Change in Cash	$8.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$33.6B
Short-Term Investments	$129M
Net Receivables	$2.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$36.5B
PP&E (Net)	$4.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$110.8B
Tax Assets	$0
Other Non-Current Assets	$8.2B
TOTAL NON-CURRENT ASSETS	$123.2B
TOTAL ASSETS	$159.6B
Account Payables	$11.7B
Short-Term Debt	$2.3B
Deferred Revenue	$0
Other Current Liabilities	$57.2B
TOTAL CURRENT LIABILITIES	$71.3B
Long-Term Debt	$50.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$17.0B
TOTAL NON-CURRENT LIABILITIES	$67.7B
TOTAL LIABILITIES	$138.9B
Common Stock	$185M
Additional Paid-In Capital	$12.9B
Retained Earnings	$10.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.7B
Minority Interest	$0
TOTAL EQUITY	$20.7B
TOTAL LIABILITIES & EQUITY	$159.6B
Total Debt	$53.0B
Net Debt	$19.4B