American Express 2008 Annual Report Download - page 2

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(millions, except per share amounts, percentages and employees) 2008 2007 % inc/(dec)
Total revenues net of interest expense $ 28,365 $ 27,559 3%
Income from continuing operations $ 2,871 $ 4,126 (30)%
Loss from discontinued operations $ (172) $ (114) 51%
Net income $ 2,699 $ 4,012 (33)%
Return on average equity 22.3% 37.3%
Total assets $ 126,074 $ 149,743 (16)%
Shareholders’ equity $ 11,841 $ 11,029 7%
Diluted earnings per common share from
continuing operations $ 2.48 $ 3.45 (28)%
Diluted loss per common share from
discontinued operations $ (0.15) $ (0.09) 67%
Diluted earnings per share $ 2.33 $ 3.36 (31)%
Cash dividends declared per share $ 0.72 $ 0.63 14%
Book value per share $ 10.21 $ 9.53 7%
Average common shares outstanding for
diluted earnings per common share 1,157 1,196 (3)%
Common share cash dividends declared $ 836 $ 740 13%
Common share repurchases $ 218 $ 3,572 (94)%
Number of employees 66,000 67,700 (3)%
consolidated financial highlights
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 59.
08
$2.48
$1.98
04
$2.40
05
$2.93
06
$3.45
0708
22.3%
22.0%
04
25.4%
05
34.7%
06
37.3%
0708
$28.4
$20.2
04
$22.1
05
$24.8
06
$27.6
07
diluted earnings
per share from
continuing operations
return on
average equity
total revenues net
of interest expense
(in billions)