American Express 2012 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2012 American Express annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

1
AMERICAN EXPRESS COMPANY
CONSOLIDATED FINANCIAL HIGHLIGHTS
(Millions, except per share amounts, percentages and employees) 2012 2011 % INC/(DEC)
Total Revenues Net of Interest Expense $ 31,582 $ 29,962 5%
Income from Continuing Operations $ 4,482 $ 4,899 (9)%
Income from Discontinued Operations
—
$ 36 #
Net Income $ 4,482 $ 4,935 (9)%
Return on Average Equity 23.1 % 27.7 %
Total Assets $ 153,140 $ 153,337
—
Shareholders’ Equity $ 18,886 $ 18,794
—
Diluted Income from Continuing Operations
Attributable to Common Shareholders $ 3.89 $ 4.09 (5)%
Diluted Income from Discontinued Operations
—
$
0.03
#
Diluted Net Income Attributable to
Common Shareholders $ 3.89 $ 4.12 (6)%
Cash Dividends Declared per Share $ 0.80 $ 0.72 11%
Book Value per Share $ 17.09 $ 16.15 4%
Average Common Shares Outstanding for
Diluted Earnings per Common Share 1,141 1,184 (4)%
Common Share Cash Dividends Declared $ 909 $ 856 6%
Common Share Repurchases 69 48 44%
Number of Employees 63,500 62,500 2%
# denotes a variance of more than 100%
Various forward-looking statements are made in this Annual Report, which generally include the words “believe,”
“expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “should,” “could,” “would,” “likely,” and
similar expressions. Certain factors that may a ect these forward-looking statements, including American Express
Company’s ability to achieve its goals referred to herein, are discussed on page 54.
TOTAL REVENUES
NET OF INTEREST EXPENSE
(in billions)
$28.2
$24.3
$27.6
$30.0
$31.6
1211100908
RETURN ON AVERAGE EQUITY
22.3%
14.6%
27.5%
27.7%
23.1%
1211100908
NET INCOME
(in billions)
$2.7
$2.1
$4.1
$4.9
$4.5
1211100908
1