American Express 2002 Annual Report Download - page 59

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I57 AXP ICONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
American Express Company Accumulated
Other
Common Capital Comprehensive Retained
Three Years Ended December 31, 2002 (Millions) Total Shares Surplus Income/(Loss) Earnings
Balances at December 31, 1999 $ 10,095 $ 268 $ 5,196 $ (402) $ 5,033
Comprehensive income:
Net income 2,810 2,810
Change in net unrealized securities gains 151 151
Foreign currency translation adjustments 33 33
Total comprehensive income 2,994
Repurchase of common shares (1,327) (5) (228) (1,094)
Other changes, primarily employee plans 348 2 471 (125)
Cash dividends declared:
Common, $0.32 per share (426) (426)
Balances at December 31, 20 0 0 11,684 265 5,439 (218) 6,198
Comprehensive income:
Net income 1,311 1,311
Change in net unrealized securities gains 479 479
Cumulative effect of adopting SFAS No. 133 (120) (120)
Change in net unrealized derivatives losses (605) (605)
Derivatives losses reclassified to earnings 429 429
Foreign currency translation adjustments (39) (39)
Minimum pension liability adjustment (103) (103)
Total comprehensive income 1,352
Repurchase of common shares (626) (2) (53) (571)
Other changes, primarily employee plans 51 3 141 (93)
Cash dividends declared:
Common, $0.32 per share (424) (424)
Balances at December 31, 2001 12,037 266 5,527 (177) 6,421
Comprehensive income:
Net income 2,671 2,671
Change in net unrealized securities gains 770 770
Change in net unrealized derivatives losses (614) (614)
Derivatives losses reclassified to earnings 372 372
Foreign currency translation adjustments (86) (86)
Minimum pension liability adjustment 54 54
Total comprehensive income 3,167
Repurchase of common shares (1,153) (7) (139) (1,007)
Other changes, primarily employee plans 235 2 287 (54)
Cash dividends declared:
Common, $0.32 per share (425) (425)
Balances at December 31, 20 02 $ 13,861 $ 261 $ 5,675 $ 319 $ 7,606
See Notes to Consolidated Financial Statements.