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AMERICAN EXPRESS COMPANY
CONSOLIDATED BALANCE SHEETS
December 31 (Millions, except per share data) 2013 2012
Assets
Cash and cash equivalents
Cash and due from banks $ 2,212 $ 2,020
Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2013, $143; 2012, $58) 16,776 19,892
Short-term investment securities 498 338
Total cash and cash equivalents 19,486 22,250
Accounts receivable
Card Member receivables (includes gross receivables available to settle obligations of consolidated variable interest entities: 2013,
$7,329; 2012, $8,012), less reserves: 2013, $386; 2012, $428 43,777 42,338
Other receivables, less reserves: 2013, $71; 2012, $86 3,408 3,576
Loans
Card Member loans (includes gross loans available to settle obligations of consolidated variable interest entities: 2013, $31,245; 2012,
$32,731), less reserves: 2013, $1,261; 2012, $1,471 65,977 63,758
Other loans, less reserves: 2013, $13; 2012, $20 608 551
Investment securities 5,016 5,614
Premises and equipment, less accumulated depreciation and amortization: 2013, $5,978; 2012, $5,429 3,875 3,635
Other assets (includes restricted cash of consolidated variable interest entities: 2013, $58; 2012, $76) 11,228 11,418
Total assets $ 153,375 $ 153,140
Liabilities and Shareholders’ Equity
Liabilities
Customer deposits $ 41,763 $ 39,803
Travelers Cheques and other prepaid products 4,240 4,601
Accounts payable 10,615 10,006
Short-term borrowings (includes debt issued by consolidated variable interest entities: 2013, $2,000; 2012, nil) 5,021 3,314
Long-term debt (includes debt issued by consolidated variable interest entities: 2013, $18,690; 2012, $19,277) 55,330 58,973
Other liabilities 16,910 17,557
Total liabilities $ 133,879 $ 134,254
Commitments and Contingencies (Note 24)
Shareholders’ Equity
Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 1,064 million shares as of December 31, 2013
and 1,105 million shares as of December 31, 2012 213 221
Additional paid-in capital 12,202 12,067
Retained earnings 8,507 7,525
Accumulated other comprehensive (loss) income
Net unrealized securities gains, net of tax of: 2013, $33; 2012, $175 63 315
Foreign currency translation adjustments, net of tax of: 2013, $(526); 2012, $(611) (1,090) (754)
Net unrealized pension and other postretirement benefit losses, net of tax of: 2013, $(177); 2012, $(233) (399) (488)
Total accumulated other comprehensive loss (1,426) (927)
Total shareholders’ equity 19,496 18,886
Total liabilities and shareholders’ equity $ 153,375 $ 153,140
See Notes to Consolidated Financial Statements.
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