AXP Q3 2019 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q3 2019 Earnings

Reported October 21, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$11.9B	$11.7B	$10.9B	1.2%	8.7%
Op. Income	$2.3B	$2.2B	$2.1B	2.1%	7.0%
Gross Margin	85.2%	85.1%	85.4%	0.1pp	-0.2pp
Net Margin	14.8%	15.0%	15.1%	-0.2pp	-0.4pp
EPS (Diluted)	$2.08	$2.07	$1.88	0.5%	10.6%
Free Cash Flow	-$1.4B	$2.4B	$4.8B	-158.0%	-129.8%

Revenue Flow

Item	Amount
REVENUE	$11.9B
Cost of Revenue	$1.8B
GROSS PROFIT	$10.1B
R&D Expenses	$0
Selling & Marketing	$1.8B
General & Administrative	$1.5B
SG&A Expenses	$3.3B
Other Expenses	$4.5B
Operating Expenses	$7.8B
Cost & Expenses	$9.6B
OPERATING INCOME	$2.3B
Interest Income	$3.1B
Interest Expense	$877M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$511M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$300M
EBIT	$2.3B
EBITDA	$2.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$11.9B
Cost of Revenue	$1.8B
GROSS PROFIT	$10.1B
R&D Expenses	$0
Selling & Marketing	$1.8B
General & Administrative	$1.5B
SG&A Expenses	$3.3B
Other Expenses	$4.5B
Operating Expenses	$7.8B
Cost & Expenses	$9.6B
OPERATING INCOME	$2.3B
Interest Income	$3.1B
Interest Expense	$877M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$511M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$300M
EBIT	$2.3B
EBITDA	$2.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$300M
Stock-Based Compensation	$61M
Deferred Income Tax	$134M
Other Non-Cash Items	$879M
Change in Working Capital	-$4.2B
OPERATING CASH FLOW	-$1.0B
Capital Expenditure	-$374M
Acquisitions (Net)	-$179M
Purchases of Investments	-$2.6B
Sales/Maturities of Investments	$2.6B
Other Investing Activities	-$239M
NET CASH FROM INVESTING	-$753M
Net Debt Issuance	$667M
Common Stock Repurchased	-$1.5B
Common Dividends Paid	-$346M
Other Financing Activities	$721M
NET CASH FROM FINANCING	-$398M
FREE CASH FLOW	-$1.4B
Net Change in Cash	-$2.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$24.2B
Short-Term Investments	$6.7B
Net Receivables	$2.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$33.8B
PP&E (Net)	$4.7B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$146.8B
Tax Assets	$0
Other Non-Current Assets	$8.9B
TOTAL NON-CURRENT ASSETS	$160.4B
TOTAL ASSETS	$194.2B
Account Payables	$12.9B
Short-Term Debt	$2.8B
Deferred Revenue	$0
Other Current Liabilities	$75.2B
TOTAL CURRENT LIABILITIES	$90.8B
Long-Term Debt	$58.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21.8B
TOTAL NON-CURRENT LIABILITIES	$80.3B
TOTAL LIABILITIES	$171.2B
Common Stock	$165M
Additional Paid-In Capital	$11.9B
Retained Earnings	$13.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$23.0B
Minority Interest	$0
TOTAL EQUITY	$23.0B
TOTAL LIABILITIES & EQUITY	$194.2B
Total Debt	$61.3B
Net Debt	$37.1B