American Express 1998 Annual Report Download - page 3

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TABLE OF CONTENTS
2CONSOLIDATED HIGHLIGHTS
Key financial and statistical information for the past two years.
3LETTER TO SHAREHOLDERS
Chairman and Chief Executive Officer Harvey Golub’s and President and Chief Operating Officer
Kenneth I. Chenault’s discussion of significant events of the past year and plans for the future.
22 FINANCIAL REVIEW
Three years of financial results for American Express and for each of the major business
segments, as well as a discussion of key revenue and expense components, statistical information,
risk management and financial condition.
32 CONSOLIDATED STATEMENTS OF INCOME
33 CONSOLIDATED BALANCE SHEETS
34 CONSOLIDATED STATEMENTS OF CASH FLOWS
35 CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
36 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company’s significant accounting policies as well as significant income statement,
balance sheet and off-balance sheet categories.
56 REPORT OF MANAGEMENT
A discussion of management’s responsibility in preparing and presenting financial statements and
in ensuring accuracy of other financial information included in the annual report.
56 REPORT OF ERNST & YOUNG LLP INDEPENDENT AUDITORS
Opinion of independent auditors about the fairness of the Company’s financial condition and
results of operations as presented in the consolidated financial statements and accompanying notes.
57 CONSOLIDATED FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA
Five-year summary of key operating results, assets and liabilities, common share statistics and
number of employees.
59 THE PLANNING AND POLICY COMMITTEE
60 BOARD OF DIRECTORS