American Express 2005 Annual Report Download - page 2

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CONSOLIDATED HIGHLIGHTS
American Express Company
(Millions, except per share amounts and employees) 2005 2004 % Inc/(Dec)
Revenues $ 24,267 $ 21,964 10%
Income from continuing operations $ 3,221 $ 2,686 20%
Income from discontinued operations $ 513 $ 830 (38)%
Net income $ 3,734 $ 3,445 8%
Diluted earnings per common share from
continuing operations $ 2.56 $ 2.09 22%
Diluted earnings per common share from
discontinued operations $ 0.41 $ 0.65 (37)%
Diluted earnings per common share $ 2.97 $ 2.68 11%
Cash dividends declared per common share $ 0.48 $ 0.44 9%
Book value per common share $ 8.50 $ 12.83 (34)%
Average common shares outstanding for
diluted earnings per common share 1,258 1,285 (2)%
Total assets $ 113,960 $ 194,216 (41)%
Shareholders’ equity $ 10,549 $ 16,020 (34)%
Common share cash dividends declared $ 596 $ 556 7%
Common share repurchases $ 1,853 $ 3,578 (48)%
Return on average shareholders’ equity 25.4% 22.0% —
Number of employees 65,800 77,500 (15)%
Various forward-looking statements are made in this Annual Report, which generally include the words “believe,” “expect,” “anticipate,”
“optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions. Certain factors that
may affect these forward-looking statements, including American Express Company's ability to achieve its goals referred to herein, are
discussed on page 55.