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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net income $ 2,577 $ 3,441
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Provisions for losses 1,157 897
Depreciation and amortization 615 536
Deferred taxes and other 2 (852)
Stock-based compensation 152 133
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Other receivables 832 293
Other assets 181 (107)
Accounts payable and other liabilities (902) (697)
Travelers Cheques and other prepaid products (330) (444)
Net cash provided by operating activities 4,284 3,200
Cash Flows from Investing Activities    
Sales of available-for-sale investment securities 1 45
Maturities and redemptions of available-for-sale investment securities 1,502 567
Purchase of investments (1,768) (791)
Net (increase) decrease in Card Member receivables and loans, including held for sale [1] (3,169) 13,002
Purchase of premises and equipment, net of sales (538) (649)
Acquisitions/Dispositions, net of cash acquired (174) (162)
Net (inrease) decrease in restricted cash (12) 126
Net cash (used in) provided by investing activities (4,158) 12,138
Cash Flows from Financing Activities    
Net increase (decrease) in customer deposits 4,666 (594)
Net decrease in short-term borrowings (2,124) (2,520)
Issuance of long-term debt 17,124 3,778
Principal payments on long-term debt (12,349) (1,558)
Issuance of American Express preferred shares 0 0
Issuance of American Express common shares 44 75
Repurchase of American Express common shares (1,767) (2,914)
Dividends paid (620) (601)
Net cash provided by (used in) financing activities 4,974 (4,334)
Effect of foreign currency exchange rates on cash and cash equivalents 134 1
Net increase in cash and cash equivalents 5,234 11,005
Cash and cash equivalents at beginning of period 25,208 22,762
Cash and cash equivalents at end of period $ 30,442 $ 33,767
[1]

Re fer to Note 2 for additional information.