American Express 2006 Annual Report Download - page 73

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[ 71 ]
consolidated balance sheets
american express company
December 31, (Millions, except share data) 2006 2005
Assets
Cash and cash equivalents (Note 1) $ 7,956 $ 7,126
Accounts receivable and accrued interest:
Cardmember receivables, less reserves: 2006, $981; 2005, $942 36,386 33,216
Other receivables, less reserves: 2006, $42; 2005, $66 2,465 2,281
Investments (Note 3) 20,990 21,334
Loans: (Note 4)
Cardmember lending, less reserves: 2006, $1,171; 2005, $996 42,135 32,108
International banking, less reserves: 2006, $64; 2005, $64 7,160 7,049
Other, less reserves: 2006, $34; 2005, $37 953 1,644
Land, buildings and equipment — at cost, less accumulated depreciation:
2006, $3,169; 2005, $2,868 2,448 2,230
Other assets 7,360 6,972
Tota l assets $127,853 $113,960
Liabilities and Shareholders’ Equity
Customers’ deposits $ 24,656 $ 24,579
Travelers Cheques outstanding 7,215 7,175
Accounts payable 8,764 7,503
Investment certificate reserves 6,058 6,872
Short-term debt (Note 8) 15,162 15,633
Long-term debt (Note 8) 42,747 30,781
Other liabilities 12,740 10,868
Total liabilities 117,342 103,411
Shareholders’ Equity
Common shares, $.20 par value, authorized 3.6 billion shares; issued and outstanding
1,199 million shares in 2006 and 1,241 million shares in 2005 (Note 9) 240 248
Additional paid-in capital 9,638 8,652
Retained earnings 1,153 1,788
Accumulated other comprehensive (loss) income:
Net unrealized securities gains, net of tax: 2006, $(61); 2005, $(88) 92 137
Net unrealized derivatives gains, net of tax: 2006, $(16); 2005, $(77) 27 143
Foreign currency translation adjustments, net of tax: 2006, $22; 2005, $34 (222) (400)
Net unrealized pension and other postretirement benefit costs, net of tax: 2006, $210 (417) —
Minimum pension liability, net of tax: 2005, $10 — (19)
Total accumulated other comprehensive loss (520) (139)
Total shareholders’ equity 10,511 10,549
Total liabilities and shareholders’ equity $127,853 $113,960
See Notes to Consolidated Financial Statements.