American Express 2014 Annual Report Download - page 72

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AMERICAN EXPRESS COMPANY
CONSOLIDATED BALANCE SHEETS
December 31 (Millions, except per share data) 2014 2013
Assets
Cash and cash equivalents
Cash and due from banks $2,628$2,212
Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2014, $204; 2013, $143) 19,190 16,776
Short-term investment securities 470 498
Total cash and cash equivalents 22,288 19,486
Accounts receivable
Card Member receivables (includes gross receivables available to settle obligations of a consolidated variable interest
entity: 2014, $7,025; 2013, $7,329 less reserves: 2014, $465; 2013, $386 44,386 43,777
Other receivables, less reserves: 2014, $61; 2013, $71 2,614 3,408
Loans
Card Member loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2014,
$30,115; 2013, $31,245), less reserves: 2014, $1,201; 2013, $1,261 69,184 65,977
Other loans, less reserves: 2014, $12; 2013, $13 920 608
Investment securities 4,431 5,016
Premises and equipment, less accumulated depreciation and amortization: 2014, $6,270; 2013, $5,978 3,938 3,875
Other assets (includes restricted cash of consolidated variable interest entities: 2014, $64; 2013, $58) 11,342 11,228
Total assets $ 159,103 $ 153,375
Liabilities and Shareholders’ Equity
Liabilities
Customer deposits $ 44,171 $ 41,763
Travelers Cheques and other prepaid products 3,673 4,240
Accounts payable 11,300 10,615
Short-term borrowings (includes debt issued by consolidated variable interest entities: 2014, nil; 2013, $2,000) 3,480 5,021
Long-term debt (includes debt issued by consolidated variable interest entities: 2014, $19,516; 2013, $18,690) 57,955 55,330
Other liabilities 17,851 16,910
Total liabilities $ 138,430 $ 133,879
Commitments and Contingencies (Note 13)
Shareholders’ Equity
Preferred shares, $1.662/3 par value, authorized 20 million shares; issued and outstanding 750 shares as of December 31,
2014 and nil as of December 31, 2013 (Note 17) ——
Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 1,023 million shares as of December
31, 2014 and 1,064 million shares as of December 31, 2013 205 213
Additional paid-in capital 12,874 12,202
Retained earnings 9,513 8,507
Accumulated other comprehensive income (loss)
Net unrealized securities gains, net of tax of: 2014, $52; 2013, $33 96 63
Foreign currency translation adjustments, net of tax of: 2014, $(317); 2013, $(526) (1,499) (1,090)
Net unrealized pension and other postretirement benefit losses, net of tax of: 2014, $(223); 2013, $(177) (516) (399)
Total accumulated other comprehensive loss (1,919) (1,426)
Total shareholders’ equity 20,673 19,496
Total liabilities and shareholders’ equity $ 159,103 $ 153,375
See Notes to Consolidated Financial Statements.
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