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AMERICAN EXPRESS COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 27
QUARTERLY FINANCIAL DATA (UNAUDITED)
(Millions, except per share amounts) 2012 2011
Quarters Ended 12/31(a) 9/30 6/30 3/31 12/31 9/30 6/30 3/31
Total revenues net of interest expense $ 8,141 $ 7,862 $ 7,965 $ 7,614 $ 7,742 $ 7,571 $ 7,618 $ 7,031
Pretax income from continuing operations 929 1,870 1,879 1,773 1,748 1,711 1,765 1,732
Income from continuing operations 637 1,250 1,339 1,256 1,192 1,235 1,295 1,177
Income from discontinued operations ——————36—
Net income 637 1,250 1,339 1,256 1,192 1,235 1,331 1,177
Earnings Per Common Share — Basic:
Income from continuing operations attributable to
common shareholders(b) $ 0.57 $ 1.10 $ 1.16 $ 1.07 $ 1.02 $ 1.04 $ 1.08 $ 0.98
Income from discontinued operations ————— — 0.03 —
Net income attributable to common shareholders(b) $ 0.57 $ 1.10 $ 1.16 $ 1.07 $ 1.02 $ 1.04 $ 1.11 $ 0.98
Earnings Per Common Share — Diluted:
Income from continuing operations attributable to
common shareholders(b) $ 0.56 $ 1.09 $ 1.15 $ 1.07 $ 1.01 $ 1.03 $ 1.07 $ 0.97
Income from discontinued operations ————— — 0.03 —
Net income attributable to common shareholders(b) $ 0.56 $ 1.09 $ 1.15 $ 1.07 $ 1.01 $ 1.03 $ 1.10 $ 0.97
Cash dividends declared per common share $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.18 $ 0.18 $ 0.18 $ 0.18
Common share price:
High $ 59.40 $ 59.73 $ 61.42 $ 59.26 $ 52.35 $ 53.80 $ 51.97 $ 46.93
Low $ 53.02 $ 54.35 $ 53.18 $ 47.40 $ 41.30 $ 42.03 $ 45.10 $ 42.19
(a) The results of operations for the quarter ended December 31, 2012 included a $400 million restructuring charge ($287 million after-tax), a $342 million Membership
Rewards expense ($212 million after-tax) and $153 million ($95 million after-tax) of cardmember reimbursements. The $153 million includes amounts related to
prior periods, with $49 million relating to the first three quarters of 2012 and $83 million relating to periods prior to January 1, 2012. The Company has assessed the
materiality of these errors on all prior periods and concluded that the impact was not material to those prior periods or to any quarter or full year for 2012.
(b) Represents income from continuing operations or net income, as applicable, less earnings allocated to participating share awards of $7 million for the quarter ended
December 31, 2012, $14 million for each of the quarters ended September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively, $15 million
for each of the quarters ended September 30, 2011 and June 30, 2011, respectively, and $14 million for the quarter ended March 31, 2011.
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