American Express 2006 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 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

[ 73 ]
consolidated statements of shareholders’ equity
american express company
Three Years Ended December 31, 2006 (Millions, except per share amounts) Tot a l
Common
Shares
Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
Income/(Loss)
Retained
Earnings
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
Comprehensive income:
Net income 3,734 3,734
Change in net unrealized securities gains (607) (607 )
Change in net unrealized derivatives gains (losses) 319 319
Derivatives gains reclassified to earnings (44) (44)
Foreign currency translation adjustments (81) (81 )
Minimum pension liability adjustment (2) (2 )
Total comprehensive income 3,319
Spin-off of Ameriprise (7,746) 18 (7,764 )
Repurchase of common shares (1,853) (7) (209) (1,637 )
Other changes, primarily employee plans 1,405 5 1,545 (145 )
Cash dividends declared:
Common, $0.48 per share (596) (596 )
Balances at December 31, 2005 10,549 248 8,652 (139) 1,788
Comprehensive income:
Net income 3,707 3,707
Change in net unrealized securities gains (45) (45)
Change in net unrealized derivatives gains 42 42
Derivatives gains reclassified to earnings (158) (158)
Foreign currency translation adjustments 178 178
Minimum pension liability adjustment (2) (2)
Total comprehensive income 3,722
Adjustment to initially apply SFAS No. 158, net of tax (396) (396)
Repurchase of common shares (4,093) (15) (534) (3,544)
Acquisition of Harbor Payments, Inc. 147 147
Other changes, primarily employee plans 1,274 7 1,373 (106)
Cash dividends declared:
Common, $0.57 per share (692) (692)
Balances at December 31, 2006 $10,511 $ 240 $9,638 $(520) $ 1,153
See Notes to Consolidated Financial Statements.