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AMERICAN EXPRESS COMPANY
CONSOLIDATED FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA
(Millions, except per share amounts, share data, percentages and where indicated) 2012 2011 2010 2009 2008
Operating Results
Total revenues net of interest expense $ 31,582 $ 29,962 $ 27,582 $ 24,336 $ 28,227
Expenses 23,141 21,894 19,411 16,182 18,848
Provisions for losses 1,990 1,112 2,207 5,313 5,798
Income from continuing operations 4,482 4,899 4,057 2,137 2,871
Income (Loss) from discontinued operations —36 — (7) (172)
Net income 4,482 4,935 4,057 2,130 2,699
Return on average equity(a) 23.1% 27.7% 27.5% 14.6% 22.3%
Balance Sheet
Cash and cash equivalents $ 22,250 $ 24,893 $ 16,356 $ 16,599 $ 21,651
Accounts receivable, net 45,914 44,109 40,434 38,204 36,571
Loans, net 64,309 61,166 57,616 30,010 40,659
Investment securities 5,614 7,147 14,010 24,337 12,526
Assets of discontinued operations ————216
Total assets 153,140 153,337 146,689 125,145 127,178
Customer deposits 39,803 37,898 29,727 26,289 15,486
Travelers Cheques outstanding and other prepaid products 4,601 5,123 5,618 5,975 6,433
Short-term borrowings(b) 3,314 4,337 3,620 2,344 8,993
Long-term debt 58,973 59,570 66,416 52,338 60,041
Liabilities of discontinued operations ————260
Shareholders’ equity 18,886 18,794 16,230 14,406 11,841
Common Share Statistics
Earnings per share:
Income from continuing operations:
Basic $3.91$ 4.11 $ 3.37 $ 1.55 $ 2.47
Diluted $3.89$ 4.09 $ 3.35 $ 1.54 $ 2.47
Income (Loss) from discontinued operations:
Basic $—$ 0.03 $ — $ (0.01) $ (0.14)
Diluted $—$ 0.03 $ — $ — $ (0.15)
Net income:
Basic $3.91$ 4.14 $ 3.37 $ 1.54 $ 2.33
Diluted $3.89$ 4.12 $ 3.35 $ 1.54 $ 2.32
Cash dividends declared per share $0.80$ 0.72 $ 0.72 $ 0.72 $ 0.72
Book value per share $ 17.09 $ 16.15 $ 13.56 $ 12.08 $ 10.21
Market price per share:
High $ 61.42 $ 53.80 $ 49.19 $ 42.25 $ 52.63
Low $ 47.40 $ 41.30 $ 36.60 $ 9.71 $ 16.55
Close $ 57.48 $ 47.17 $ 42.92 $ 40.52 $ 18.55
Average common shares outstanding for earnings per share:
Basic 1,135 1,178 1,188 1,168 1,154
Diluted 1,141 1,184 1,195 1,171 1,156
Shares outstanding at period end 1,105 1,164 1,197 1,192 1,160
Other Statistics
Number of employees at period end (thousands):
United States 27 29 29 28 31
Outside the United States 37 33 32 31 35
Total(c) 64 62 61 59 66
Number of shareholders of record 32,565 35,541 38,384 41,273 43,257
(a) Return on average equity is calculated by dividing one-year period of net income by one-year average of total shareholders’ equity.
(b) In the first quarter of 2012, the Company reclassified $913 million and $206 million on the December 31, 2011 and 2010 Consolidated Balance Sheets, respectively, by
increasing short-term borrowings and reducing other liabilities, from amounts previously reported in order to correct the effect of a misclassification.
(c) Amounts include employees from discontinued operations.
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