American Express 2005 Annual Report Download - page 65

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CONSOLIDATED BALANCE SHEETS
American Express Company
December 31, (Millions, except share data) 2005 2004
Assets
Cash and cash equivalents (Note 1) $ 7,126 $ 7,808
Accounts receivable and accrued interest:
Cardmember receivables, less reserves: 2005, $942; 2004, $806 33,216 30,270
Other receivables, less reserves: 2005, $66; 2004, $57 2,281 2,128
Investments (Note 3) 21,334 21,675
Loans: (Note 4)
Cardmember lending, less reserves: 2005, $996; 2004, $972 32,108 25,933
International banking, less reserves: 2005, $64; 2004, $95 7,049 6,790
Other, less reserves: 2005, $37; 2004, $17 1,644 1,533
Land, buildings and equipment — at cost, less accumulated depreciation:
2005, $2,868; 2004, $2,682 2,230 2,380
Other assets 6,972 8,558
Assets of discontinued operations (Note 2) —87,141
Total assets $ 113,960 $ 194,216
Liabilities and Shareholders’ Equity
Customers’ deposits $ 24,579 $ 20,107
Travelers Cheques outstanding 7,175 7,287
Accounts payable 7,824 7,319
Investment certificate reserves 6,872 5,501
Short-term debt (Note 8) 15,633 14,316
Long-term debt (Note 8) 30,781 32,676
Other liabilities 10,547 10,315
Liabilities of discontinued operations (Note 2) —80,675
Total liabilities 103,411 178,196
Shareholders’ Equity
Common shares, $.20 par value, authorized 3.6 billion shares; issued and
outstanding 1,241 million shares in 2005 and 1,249 million shares in
2004 (Note 9) 248 250
Additional paid-in capital 8,652 7,316
Retained earnings 1,788 8,196
Accumulated other comprehensive (loss) income :
Net unrealized securities gains, net of tax: 2005, ($88); 2004, ($409) 137 760
Net unrealized derivatives gains (losses), net of tax: 2005, $(77); 2004, $77 143 (142)
Foreign currency translation adjustments, net of tax: 2005, $34; 2004, $55 (400) (344)
Minimum pension liability, net of tax: 2005, $10; 2004, $8 (19) (16)
Total accumulated other comprehensive (loss) income (139) 258
Total shareholders’ equity 10,549 16,020
Total liabilities and shareholders’ equity $ 113,960 $ 194,216
See Notes to Consolidated Financial Statements.
Consolidated
Balance Sheets
AXP / AR.2005
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