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Posted on Jul 25, 2024

Analyze firm's performance by using Horizontal method: (income statement, balance sheet, statement of cash flows) 2020 2019 2018 $ 598 $ 426 480 480 228

Analyze firm's performance by using Horizontal method: (income statement, balance sheet, statement of cash flows)

2020 2019 2018 $ 598 $ 426 480 480 228 630 78 598 692 902 PARENT COMPANY - CONDENSED STATEMENTS OF INCOME Years Ended December 31 (Millions) Revenues Non-interest revenues Other Total non-interest revenues Interest income Interest expense Total revenues net of interest expense Expenses Salaries and employee benefits Other Total expenses Pretax loss Income tax benefit Net loss before equity in net income of subsidiaries and affiliates Equity in net income of subsidiaries and affiliates Net income 426 422 615 388 233 366 336 333 562 895 (817) (236) (581) 3,716 3.135 816 1.182 (794) (282) (512) 7.271 607 943 (710) (179) (531) 7.452 $ $ 6.759 $ 6.921 2020 2019 $ $ 10.968 23,306 15,887 1,084 164 51,409 4.430 23.165 22.350 1.168 223 51.336 PARENT COMPANY - CONDENSED BALANCE SHEETS As of December 31 (Millions) Assets Cash and cash equivalents Equity in net assets of subsidiaries and affiliates Loans to subsidiaries and affiliates Due from subsidiaries and affiliates Other assets Total assets Liabilities and Shareholders' Equity Liabilities Accounts payable and other liabilities Due to subsidiaries and affiliates Debt with subsidiaries and affiliates Long-term debt Total liabilities Shareholders' Equity Total shareholders' equity Total liabilities and shareholders' equity 1.743 1.100 2.772 22.810 28,425 2.197 609 1.091 24,368 28,265 22.984 51,409 23.071 51,336 $ $ 2020 2019 2018 $ 3,135 $ 6,759 $ 6.921 (3.716) 2.679 732 2,830 (1.271) 6.370 1,315 7.173 (7.452) 3.222 (257) 2.434 1 (4.405) PARENT COMPANY - CONDENSED STATEMENTS OF CASH FLOWS Years Ended December 31 (Millions) Cash Flows from Operating Activities Net income Adjustments to reconcile net income to cash provided by operating activities: Equity in net income of subsidiaries and affiliates Dividends received from subsidiaries and affiliates Other operating activities. primarily with subsidiaries and affiliates Net cash provided by operating activities Cash Flows from Investing Activities Maturities and redemptions of investment securities Decrease increase) in loans to subsidiaries and affiliates Investments in subsidiaries and affiliates Other investing activities Net cash provided by (used in) investing activities Cash Flows from Financing Activities Proceeds from long-term debt Payments of long-term debt Net decrease in short-term debt from subsidiaries and affiliates Issuance of American Express common shares Repurchase of American Express common shares and other Dividends paid Net cash (used in) provided by financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (6.281) (30) (15) 11,434 (52) 74 11,456 82 (4.337) (6.311) 6,469 (2.000) (3,289) 44 (1.029) (1.474) (7.748) 6,538 4.430 $ 10,968 $ (641) (1,500) 86 (4.685) (1.422) (1.693) 1.143 3.287 4,430 9.350 (3.850) (140) 87 (1.685) (1.324) 2.438 (1.439) 4.726 3.287 $ 2020 2019 2018 Supplemental cash flow information Years Ended December 31 (Millions) Non-Cash Investing Activities Loans to subsidiaries and affiliates Non-Cash Financing Activities Short-term debts from subsidiaries and affiliates $ (4.971) $ $ 4.971 $ - $ 2020 2019 2018 480 $ 598 $ 426 PARENT COMPANY - CONDENSED STATEMENTS OF INCOME Years Ended December 31 (Millions) Revenues Non-interest revenues Other Total non-interest revenues Interest income Interest expense Total revenues net of interest expense Expenses Salaries and employee benefits Other Total expenses Pretax loss Income tax benefit Netloss before equity in net income of subsidiaries and affiliates Equity in net income of subsidiaries and affiliates Net income 480 228 630 78 598 692 902 388 426 422 615 233 366 336 816 607 333 562 895 (817) (236) (581) 3.716 3,135 1.182 (794) (282) (512) 7.271 6.759 943 (710) (179) (531) 7,452 6.921 $ $ $ 2020 2019 $ $ 10,968 23.306 15,887 1,084 164 51,409 4,430 23.165 22.350 1,168 223 51,336 PARENT COMPANY - CONDENSED BALANCE SHEETS As of December 31 (Millions) Assets Cash and cash equivalents Equity in net assets of subsidiaries and affiliates Loans to subsidiaries and affiliates Due from subsidiaries and affiliates Other assets Total assets Liabilities and Shareholders' Equity Liabilities Accounts payable and other liabilities Due to subsidiaries and affiliates Debt with subsidiaries and affiliates Long-term debt Total liabilities Shareholders' Equity Total shareholders' equity Total liabilities and shareholders' equity 2.197 609 1.743 1.100 2.772 22,810 28,425 1.091 24.368 28,265 22.984 51,409 23,071 51,336 $ $ 2020 2019 2018 $ 3,135 $ 6.759 $ 6.921 (3.716) 2,679 732 2,830 (7.271) 6,370 1.315 7.173 (7,452) 3,222 (257) 2.434 1 (4,405) (15) (6.281) (30) PARENT COMPANY - CONDENSED STATEMENTS OF CASH FLOWS Years Ended December 31 (Millions) Cash Flows from Operating Activities Net income Adjustments to reconcile net income to cash provided by operating activities: Equity in net income of subsidiaries and affiliates Dividends received from subsidiaries and affiliates Other operating activities, primarily with subsidiaries and affiliates Net cash provided by operating activities Cash Flows from Investing Activities Maturities and redemptions of investment securities Decrease (increase) in loans to subsidiaries and affiliates Investments in subsidiaries and affiliates Other investing activities Net cash provided by (used in) investing activities Cash Flows from Financing Activities Proceeds from long-term debt Payments of long-term debt Net decrease in short-term debt from subsidiaries and affiliates Issuance of American Express common shares Repurchase of American Express common shares and other Dividends paid Net cash (used in) provided by financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 11,434 (52) 74 11,456 82 (4.337) (6.311) (2.000) (3,289) 44 (1.029) (1.474) (7.748) 6,538 4,430 $ 10,968 $ 6,469 (641) (1.500) 86 (4.685) (1.422) (1.693) 1.143 3.287 4.430 9.350 (3.850) (140) 87 (1.685) (1.324) 2.438 (1.439) 4,726 3.287 $ 2020 2019 2018 Supplemental cash flow Information Years Ended December 31 (Millions) Non-Cash Investing Activities Loans to subsidiaries and affiliates Non-Cash Financing Activities Short-term debts from subsidiaries and affiliates $ (4.971) $ $ 4.971 $