American Express 2004 Annual Report Download - page 83

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Consolidated Statements of Shareholders’ Equity
AMERICAN EXPRESS COMPANY
Three years ended December 31, 2004 (Millions) Total
Common
Shares
Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
Income/(Loss)
Retained
Earnings
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
Comprehensive income:
Net income 3,445 3,445
Change in net unrealized securities gains (171) (171)
Change in net unrealized derivatives losses 6 6
Derivatives losses reclassified to earnings 298 298
Foreign currency translation adjustments (66) (66)
Minimum pension liability adjustment (1) (1)
Total comprehensive income 3,511
Repurchase of common shares (3,578) (14) (338) (3,226)
Other changes, primarily employee plans 1,320 7 1,573 (260)
Cash dividends declared:
Common, $0.44 per share (556) (556)
Balances at December 31, 2004 $ 16,020 $ 250 $ 7,316 $ 258 $ 8,196
See Notes to Consolidated Financial Statements.
AXP
AR.04
81
Consolidated Statements of Shareholders’ Equity