American Express 2015 Annual Report Download - page 169
Download and view the complete annual report
Please find page 169 of the 2015 American Express annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176 -
177 -
178 -
179 -
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
 |
 |
PARENT COMPANY — CONDENSED STATEMENTS OF CASH FLOWS
Years Ended December 31 (Millions) 2015 2014 2013
Cash Flows from Operating Activities
Net income ................................................................. $ 5,163 $ 5,885 $ 5,359
Adjustments to reconcile net income to cash provided by operating activities:
Equity in net income of subsidiaries and affiliates ............................... (5,633) (6,301) (5,838)
Dividends received from subsidiaries and affiliates .............................. 5,331 5,455 4,768
Gain on sale of securities .................................................... —(99) (135)
Other operating activities, primarily with subsidiaries and affiliates ................ 332 173 324
Net cash provided by operating activities ........................................ 5,193 5,113 4,478
Cash Flows from Investing Activities
Sales of available-for-sale investment securities .................................. —111 157
Purchase of investments ...................................................... (3) ——
Purchase of premises and equipment ........................................... (29) (39) (39)
Loans to subsidiaries and affiliates ............................................. (3,952) (2,574) 1,498
Investments in subsidiaries and affiliates ........................................ ———
Net cash (used in) provided by investing activities ................................ (3,984) (2,502) 1,616
Cash Flows from Financing Activities
(Principal payments on)/issuance of long-term debt .............................. —(655) 843
Short-term debt of subsidiaries and affiliates .................................... 986 5,118 (1,497)
Issuance of American Express preferred shares .................................. 841 742 —
Issuance of American Express common shares and other .......................... 192 362 721
Repurchase of American Express common shares ................................ (4,480) (4,389) (3,943)
Dividends paid ............................................................... (1,172) (1,041) (939)
Net cash provided by (used in) financing activities ................................ (3,633) 137 (4,815)
Net increase (decrease) in cash and cash equivalents ............................. (2,424) 2,748 1,279
Cash and cash equivalents at beginning of year .................................. 8,824 6,076 4,797
Cash and cash equivalents at end of year ........................................ $ 6,400 $ 8,824 $ 6,076
Supplemental cash flow information
Non-cash financing activities
Gain on business travel joint venture transaction ............................... $—$ 630 $ —
158