American Express 2014 Annual Report Download - page 2

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1AMERICAN EXPRESS COMPANY | ANNUAL REPORT 2014
2014 FINANCIAL RESULTS
(MILLIONS, EXCEPT PER SHARE
AMOUNTS, PERCENTAGES AND EMPLOYEES) 2014 2013 % INC/(DEC)
Total Revenues Net of Interest Expense $ 34,292 $ 32,974 4%
Net Income $ 5,885 $ 5,359 10%
Return on Average Equity 29.1% 27.8%
Total Assets $ 159,103 $ 153,375 4%
Shareholders' Equity $ 20,673 $ 19,496 6%
Diluted Income Attributable to
Common Shareholders $ 5.56 $ 4.88 14%
Cash Dividends Declared per Share $ 1.01 $ 0.89 13%
Book Value per Share $ 20.21 $ 18.32 10%
Average Common Shares Outstanding for
Diluted Earnings per Common Share 1,051 1,089 (4)%
Common Share Cash Dividends Declared $ 1,055 $ 967 9%
Common Share Repurchases 49 55 (11)%
Number of Employees 53,500 62,800 (15)%
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 64.
TOTAL REVENUES
NET OF INTEREST EXPENSE
(in billions)
NET INCOME
(in billions)
RETURN ON AVERAGE EQUITY
10 $4.1
11 $4.9
12 $4.5
13 $5.4
14 $5.9
10 27.5%
11 27.7%
12 23.1%
13 27.8%
14 29.1%
10 $27.6
11 $30.0
12 $31.6
13 $33.0
14 $34.3