American Express 2007 Annual Report Download - page 71

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CONSOLIDATED BALANCE SHEETS
AMERICAN EXPRESS COMPANY
December 31, (Millions, except share data) 2007 2006
Assets
Cash and cash equivalents $ 11,737 $ 5,306
Accounts receivable
Cardmember receivables, less reserves: 2007, $1,149; 2006, $981 38,923 36,386
Other receivables, less reserves: 2007, $36; 2006, $35 3,082 2,279
Investments 15,864 17,954
Loans
Cardmember lending, less reserves: 2007, $1,831; 2006, $1,171 52,674 42,135
Other, less reserves: 2007, $45; 2006, $36 762 981
Land, buildings and equipment — at cost, less accumulated depreciation:
2007, $3,453; 2006, $2,980 2,692 2,350
Other assets 7,349 6,526
Assets of discontinued operations 16,747 14,412
Total assets $149,830 $128,329
Liabilities and Shareholders’ Equity
Customers’ deposits $ 15,397 $ 12,010
Travelers Cheques outstanding 7,197 7,215
Accounts payable 7,674 8,676
Investment certificate reserves 5,299 6,058
Short-term debt 17,762 15,236
Long-term debt 55,285 42,747
Other liabilities 13,959 11,931
Liabilities of discontinued operations 16,228 13,945
Total liabilities 138,801 117,818
Shareholders’ Equity
Common shares, $.20 par value, authorized 3.6 billion shares; issued and outstanding
1,158 million shares in 2007 and 1,199 million shares in 2006 232 240
Additional paid-in capital 10,164 9,638
Retained earnings 1,075 1,153
Accumulated other comprehensive (loss) income
Net unrealized securities gains, net of tax: 2007, $(6); 2006, $(61) 12 92
Net unrealized derivatives (losses) gains, net of tax: 2007, $40; 2006, $(16) (71) 27
Foreign currency translation adjustments, net of tax: 2007, $7; 2006, $22 (255) (222)
Net unrealized pension and other postretirement benefit costs, net of tax: 2007, $56; 2006, $210 (128) (417)
Total accumulated other comprehensive loss (442) (520)
Total shareholders’ equity 11,029 10,511
Total liabilities and shareholders’ equity $149,830 $128,329
See Notes to Consolidated Financial Statements.
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