American Express 2015 Annual Report Download - page 114

CONSOLIDATED BALANCE SHEETS
December 31 (Millions, except share data) 2015 2014
Assets
Cash and cash equivalents
Cash and due from banks ...................................................................... $ 2,935 $ 2,628
Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2015,
$41; 2014, $204) ............................................................................ 19,569 19,190
Short-term investment securities ................................................................ 258 470
Total cash and cash equivalents ............................................................... 22,762 22,288
Card Member loans and receivables held for sale (includes gross loans and receivables available to settle
obligations of consolidated variable interest entities: 2015, $4,966) .................................. 14,992 —
Accounts receivable
Card Member receivables (includes gross receivables available to settle obligations of a consolidated
variable interest entity: 2015, $6,649; 2014, $7,025), less reserves: 2015, $462; 2014, $465 .......... 43,671 44,386
Other receivables, less reserves: 2015, $43; 2014, $61 ............................................. 3,024 2,614
Loans
Card Member loans (includes gross loans available to settle obligations of a consolidated variable interest
entity: 2015, $23,559; 2014, $30,115), less reserves: 2015, $1,028; 2014, $1,201 ..................... 57,545 69,184
Other loans, less reserves: 2015, $20; 2014, $12 ................................................... 1,254 920
Investment securities ............................................................................ 3,759 4,431
Premises and equipment, less accumulated depreciation and amortization: 2015, $6,801; 2014, $6,270 .... 4,108 3,938
Other assets (includes restricted cash of consolidated variable interest entities: 2015, $155; 2014, $64) .... 10,069 11,342
Total assets ...................................................................................... $161,184 $ 159,103
Liabilities and Shareholders’ Equity
Liabilities
Customer deposits .............................................................................. $ 54,997 $ 44,171
Travelers Cheques and other prepaid products ...................................................... 3,247 3,673
Accounts payable ............................................................................... 11,822 11,300
Short-term borrowings (includes debt issued by a consolidated variable interest entity: 2015, $100; 2014,
nil) ........................................................................................... 4,812 3,480
Long-term debt (includes debt issued by consolidated variable interest entities: 2015, $13,602; 2014, $19,516) . . . 48,061 57,955
Other liabilities .................................................................................. 17,572 17,851
Total liabilities ................................................................................ $140,511 $138,430
Commitments and Contingencies (Note 13)
Shareholders’ Equity
Preferred shares, $1.662/3 par value, authorized 20 million shares; issued and outstanding 1,600 shares as
of December 31, 2015 and 750 shares as of December 31, 2014 (Note 17) ............................. ——
Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 969 million shares
as of December 31, 2015 and 1,023 million shares as of December 31, 2014 ........................... 194 205
Additional paid-in capital ......................................................................... 13,348 12,874
Retained earnings ............................................................................... 9,665 9,513
Accumulated other comprehensive loss
Net unrealized securities gains, net of tax of: 2015, $32; 2014, $52 ................................... 58 96
Foreign currency translation adjustments, net of tax of: 2015, $(100); 2014, $(317) .................... (2,044) (1,499)
Net unrealized pension and other postretirement benefit losses, net of tax of: 2015, $(223); 2014, $(223) . . . (548) (516)
Total accumulated other comprehensive loss ....................................................... (2,534) (1,919)
Total shareholders’ equity ...................................................................... 20,673 20,673
Total liabilities and shareholders’ equity .............................................................. $161,184 $ 159,103
See Notes to Consolidated Financial Statements.
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