AXP Q2 2017 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q2 2017 Earnings

Reported July 25, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$9.7B	—	$9.8B	—	-0.7%
Op. Income	$2.0B	—	$3.0B	—	-35.1%
Gross Margin	88.6%	—	90.8%	—	-2.2pp
Net Margin	13.9%	—	20.6%	—	-6.8pp
EPS (Diluted)	$1.47	—	$2.10	—	-30.0%
Free Cash Flow	$2.9B	—	$322M	—	789.1%

Revenue Flow

Item	Amount
REVENUE	$9.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$8.6B
R&D Expenses	$0
Selling & Marketing	$1.5B
General & Administrative	$1.3B
SG&A Expenses	$2.7B
Other Expenses	$3.9B
Operating Expenses	$6.6B
Cost & Expenses	$7.7B
OPERATING INCOME	$2.0B
Interest Income	$2.1B
Interest Expense	$521M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$613M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$319M
EBIT	$2.0B
EBITDA	$2.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$8.6B
R&D Expenses	$0
Selling & Marketing	$1.5B
General & Administrative	$1.3B
SG&A Expenses	$2.7B
Other Expenses	$3.9B
Operating Expenses	$6.6B
Cost & Expenses	$7.7B
OPERATING INCOME	$2.0B
Interest Income	$2.1B
Interest Expense	$521M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$613M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$319M
EBIT	$2.0B
EBITDA	$2.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$319M
Stock-Based Compensation	$63M
Deferred Income Tax	-$6M
Other Non-Cash Items	$584M
Change in Working Capital	$824M
OPERATING CASH FLOW	$3.1B
Capital Expenditure	-$261M
Acquisitions (Net)	-$146M
Purchases of Investments	-$474M
Sales/Maturities of Investments	$643M
Other Investing Activities	-$4.6B
NET CASH FROM INVESTING	-$4.9B
Net Debt Issuance	-$27M
Common Stock Repurchased	-$841M
Common Dividends Paid	-$307M
Other Financing Activities	$3.9B
NET CASH FROM FINANCING	$2.8B
FREE CASH FLOW	$2.9B
Net Change in Cash	$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$30.3B
Short-Term Investments	$102M
Net Receivables	$2.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$33.3B
PP&E (Net)	$4.4B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$120.8B
Tax Assets	$0
Other Non-Current Assets	$8.5B
TOTAL NON-CURRENT ASSETS	$133.7B
TOTAL ASSETS	$167.0B
Account Payables	$12.1B
Short-Term Debt	$3.4B
Deferred Revenue	$0
Other Current Liabilities	$60.2B
TOTAL CURRENT LIABILITIES	$75.8B
Long-Term Debt	$51.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$18.1B
TOTAL NON-CURRENT LIABILITIES	$70.1B
TOTAL LIABILITIES	$145.8B
Common Stock	$177M
Additional Paid-In Capital	$12.5B
Retained Earnings	$11.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$21.2B
Minority Interest	$0
TOTAL EQUITY	$21.2B
TOTAL LIABILITIES & EQUITY	$167.0B
Total Debt	$55.4B
Net Debt	$25.0B