American Express 2006 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2006 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

consolidated fi nancial highlights
american express company
(Millions, except per share amounts and employees) 2006 2005 % Inc/(Dec)
Net revenues $ 27,136 $ 24,068 13%
Income from continuing operations $ 3,729 $ 3,221 16%
(Loss) Income from discontinued operations $ (22) $ 513 #
Net income $ 3,707 $ 3,734 (1)%
Diluted earnings per common share
from continuing operations $ 3.01 $ 2.56 18%
Diluted (loss) earnings per common share
from discontinued operations $ (0.02) $ 0.41 #
Diluted earnings per common share $ 2.99 $ 2.97 1%
Cash dividends declared per common share $ 0.57 $ 0.48 19%
Book value per common share $ 8.76 $ 8.50 3%
Average common shares outstanding for
diluted earnings per common share 1,238 1,258 (2)%
Total assets $ 127,853 $ 113,960 12%
Shareholders’ equity $ 10,511 $ 10,549 —
Common share cash dividends declared $ 692 $ 596 16%
Common share repurchases $ 4,093 $ 1,853 #
Return on average equity 34.7% 25.4%
Number of employees 65,400 65,700 —
# Denotes a variance of more than 100%
revenues
(in billions)
02 06
$27.1
$24.1
$21.9
$19.5
$18.1
050403
diluted earnings per
share from continuing
operations
02 06
$3.01
$2.56
$2.09
$1.80
$1.61
050403
return on
average equity
02 06
34.7%
25.4%
22.0%
20.6%
20.2%
050403
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 62.