American Express 2003 Annual Report Download - page 110

Download and view the complete annual report

Please find page 110 of the 2003 American Express annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

(Note 22) QUARTERLY FINANCIAL DATA (Unaudited)
(Millions, except per share amounts) 2003 2002
Quarters Ended 12/31 9/30 6/30 3/31 12/31 9/30 6/30 3/31
Revenues $7,068 $ 6,419 $ 6,356 $ 6,023 $6,196 $5,907 $ 5,945 $ 5,759
Pretax income before
accounting change 1,090 1,064 1,097 996 949 959 961 858
Net income(a) 763 770 762 692 683 687 683 618
Earnings per common share:(a)
Income before
accounting change:
Basic 0.61 0.60 0.59 0.53 0.52 0.52 0.52 0.47
Diluted 0.60 0.59 0.59 0.53 0.52 0.52 0.51 0.46
Net income:
Basic 0.60 0.60 0.59 0.53 0.52 0.52 0.52 0.47
Diluted 0.59 0.59 0.59 0.53 0.52 0.52 0.51 0.46
Cash dividends declared per
common share 0.10 0.10 0.10 0.08 0.08 0.08 0.08 0.08
Common share price:
High 49.11 47.45 44.84 38.95 39.84 38.47 44.91 42.70
Low 43.53 41.04 32.86 30.90 26.55 26.92 34.53 32.52
(a) Fourth quarter 2003 results reflect a $20 million non-cash pretax charge ($13 million after-tax) related to the December 31, 2003 adoption of FIN 46, as revised.
(p.108_axp_ notes to consolidated financial statements)