American Express 2011 Annual Report Download - page 58

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AMERICAN EXPRESS COMPANY
CONSOLIDATED BALANCE SHEETS
December 31 (Millions, except per share data) 2011 2010
Assets
Cash and cash equivalents
Cash and cash due from banks $ 3,514 $ 2,145
Interest-bearing deposits in other banks (including securities purchased under resale agreements: 2011, $470; 2010, $372) 20,572 13,557
Short-term investment securities 807 654
Total 24,893 16,356
Accounts receivable
Cardmember receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity: 2011,
$8,027; 2010, $8,192), less reserves: 2011, $438; 2010, $386 40,452 36,880
Other receivables, less reserves: 2011, $102; 2010, $175 3,657 3,554
Loans
Cardmember loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2011 $33,834; 2010,
$34,726), less reserves: 2011, $1,874; 2010, $3,646 60,747 57,204
Other, less reserves: 2011, $18; 2010, $24 419 412
Investment securities 7,147 14,010
Premises and equipment – at cost, less accumulated depreciation: 2011, $4,747; 2010, $4,483 3,367 2,905
Other assets (includes restricted cash of consolidated variable interest entities: 2011, $207; 2010, $3,759) 12,655 15,368
Total assets $ 153,337 $ 146,689
Liabilities and Shareholders’ Equity
Liabilities
Customer deposits $ 37,898 $ 29,727
Travelers Cheques outstanding 5,123 5,618
Accounts payable 10,458 9,691
Short-term borrowings 3,424 3,414
Long-term debt (includes debt issued by consolidated variable interest entities: 2011, $20,856; 2010, $23,341) 59,570 66,416
Other liabilities 18,070 15,593
Total liabilities $ 134,543 $ 130,459
Commitments and contingencies (Note 24)
Shareholders’ Equity
Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 1,164 million shares as of December 31, 2011
and 1,197 million shares as of December 31, 2010 232 238
Additional paid-in capital 12,217 11,937
Retained earnings 7,221 4,972
Accumulated other comprehensive (loss) income
Net unrealized securities gains, net of tax: 2011, $(168); 2010, $(19) 288 57
Net unrealized derivatives losses, net of tax: 2011, $1; 2010, $4 (1) (7)
Foreign currency translation adjustments, net of tax: 2011, $459; 2010, $405 (682) (503)
Net unrealized pension and other postretirement benefit losses, net of tax: 2011, $233; 2010, $226 (481) (464)
Total accumulated other comprehensive loss (876) (917)
Total shareholders’ equity 18,794 16,230
Total liabilities and shareholders’ equity $ 153,337 $ 146,689
See Notes to Consolidated Financial Statements.
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