AXP Q4 2019 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q4 2019 Earnings

Reported February 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$12.2B	$11.9B	$11.3B	2.5%	7.8%
Op. Income	$2.0B	$2.3B	$1.8B	-12.4%	8.5%
Gross Margin	85.0%	85.2%	84.2%	-0.2pp	0.8pp
Net Margin	13.9%	14.8%	17.8%	-0.9pp	-3.9pp
EPS (Diluted)	$2.03	$2.08	$2.32	-2.4%	-12.5%
Free Cash Flow	$2.8B	-$1.4B	-$1.7B	295.4%	263.5%

Revenue Flow

Item	Amount
REVENUE	$12.2B
Cost of Revenue	$1.8B
GROSS PROFIT	$10.3B
R&D Expenses	$0
Selling & Marketing	$1.9B
General & Administrative	$1.6B
SG&A Expenses	$3.6B
Other Expenses	$4.8B
Operating Expenses	$8.4B
Cost & Expenses	$10.2B
OPERATING INCOME	$2.0B
Interest Income	$3.1B
Interest Expense	$801M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$293M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$305M
EBIT	$2.0B
EBITDA	$2.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$12.2B
Cost of Revenue	$1.8B
GROSS PROFIT	$10.3B
R&D Expenses	$0
Selling & Marketing	$1.9B
General & Administrative	$1.6B
SG&A Expenses	$3.6B
Other Expenses	$4.8B
Operating Expenses	$8.4B
Cost & Expenses	$10.2B
OPERATING INCOME	$2.0B
Interest Income	$3.1B
Interest Expense	$801M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$293M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$305M
EBIT	$2.0B
EBITDA	$2.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$305M
Stock-Based Compensation	$66M
Deferred Income Tax	-$193M
Other Non-Cash Items	$1.0B
Change in Working Capital	$301M
OPERATING CASH FLOW	$3.2B
Capital Expenditure	-$431M
Acquisitions (Net)	-$82M
Purchases of Investments	-$2.2B
Sales/Maturities of Investments	$2.3B
Other Investing Activities	-$5.0B
NET CASH FROM INVESTING	-$5.5B
Net Debt Issuance	$3.0B
Common Stock Repurchased	-$1.2B
Common Dividends Paid	-$374M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$2.8B
Net Change in Cash	-$908M

Balance Sheet

Item	Amount
Cash & Equivalents	$24.3B
Short-Term Investments	$8.4B
Net Receivables	$56.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$89.5B
PP&E (Net)	$4.8B
Goodwill	$3.3B
Intangible Assets	$267M
Long-Term Investments	$149.7B
Tax Assets	$0
Other Non-Current Assets	-$49.2B
TOTAL NON-CURRENT ASSETS	$108.8B
TOTAL ASSETS	$198.3B
Account Payables	$12.7B
Short-Term Debt	$6.4B
Deferred Revenue	$0
Other Current Liabilities	$73.3B
TOTAL CURRENT LIABILITIES	$94.3B
Long-Term Debt	$57.8B
Deferred Revenue NC	$2.1B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21.1B
TOTAL NON-CURRENT LIABILITIES	$81.0B
TOTAL LIABILITIES	$175.3B
Common Stock	$163M
Additional Paid-In Capital	$11.8B
Retained Earnings	$13.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$23.1B
Minority Interest	$0
TOTAL EQUITY	$23.1B
TOTAL LIABILITIES & EQUITY	$198.3B
Total Debt	$64.3B
Net Debt	$40.0B