American Express 2012 Annual Report Download - page 64

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AMERICAN EXPRESS COMPANY
CONSOLIDATED BALANCE SHEETS
December 31 (Millions, except per share data) 2012 2011
Assets
Cash and cash equivalents
Cash and due from banks $ 2,020 $ 3,514
Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2012, $58; 2011, $470) 19,892 20,572
Short-term investment securities 338 807
Total 22,250 24,893
Accounts receivable
Cardmember receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity:
2012, $8,012; 2011, $8,027), less reserves: 2012, $428; 2011, $438 42,338 40,452
Other receivables, less reserves: 2012, $86; 2011, $102 3,576 3,657
Loans
Cardmember loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2012, $32,731; 2011,
$33,834), less reserves: 2012, $1,471; 2011, $1,874 63,758 60,747
Other loans, less reserves: 2012, $20; 2011, $18 551 419
Investment securities 5,614 7,147
Premises and equipment, less accumulated depreciation: 2012, $5,429; 2011, $4,747 3,635 3,367
Other assets (includes restricted cash of consolidated variable interest entities: 2012, $76; 2011, $207) 11,418 12,655
Total assets $ 153,140 $ 153,337
Liabilities and Shareholders’ Equity
Liabilities
Customer deposits $ 39,803 $ 37,898
Travelers Cheques and other prepaid products 4,601 5,123
Accounts payable 10,006 10,458
Short-term borrowings 3,314 4,337
Long-term debt (includes debt issued by consolidated variable interest entities: 2012, $19,277; 2011, $20,856) 58,973 59,570
Other liabilities 17,557 17,157
Total liabilities $ 134,254 $ 134,543
Commitments and contingencies (Note 24)
Shareholders’ Equity
Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 1,105 million shares as of December 31, 2012
and 1,164 million shares as of December 31, 2011 221 232
Additional paid-in capital 12,067 12,217
Retained earnings 7,525 7,221
Accumulated other comprehensive (loss) income
Net unrealized securities gains, net of tax of: 2012, $175; 2011, $168 315 288
Net unrealized derivatives losses, net of tax of: 2012, $—; 2011, $(1) —(1)
Foreign currency translation adjustments, net of tax of: 2012, $(611); 2011, $(459) (754) (682)
Net unrealized pension and other postretirement benefit losses, net of tax of: 2012, $(233); 2011, $(233) (488) (481)
Total accumulated other comprehensive loss (927) (876)
Total shareholders’ equity 18,886 18,794
Total liabilities and shareholders’ equity $ 153,140 $ 153,337
See Notes to Consolidated Financial Statements.
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