American Express 2003 Annual Report Download - page 79

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Consolidated Statements of Shareholders’ Equity
AMERICAN EXPRESS COMPANY
Accumulated
Additional Other
Common Paid-in Comprehensive Retained
Three Years Ended December 31, 2003 (Millions) Total Shares Capital Income/(Loss) Earnings
Balances at December 31, 2000 $ 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, 2002 13,861 261 5,675 319 7,606
Comprehensive income:
Net income 2,987 2,987
Change in net unrealized securities gains (173) (173)
Change in net unrealized derivatives losses (323) (323)
Derivatives losses reclassified to earnings 415 415
Foreign currency translation adjustments (80) (80)
Minimum pension liability adjustment 34 34
Total comprehensive income 2,860
Repurchase of common shares (1,391) (7) (160) (1,224)
Other changes, primarily employee plans 488 3 566 (81)
Cash dividends declared:
Common, $0.38 per share (495) (495)
Balances at December 31, 2003 $15,323 $ 257 $ 6,081 $ 192 $ 8,793
See Notes to Consolidated Financial Statements.
(p.77_axp_ consolidated financial statements)