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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 1,550 $ 1,634
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Provisions for losses 809 775
Depreciation and amortization 297 348
Deferred taxes and other 137 (254)
Stock-based compensation 85 84
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Other receivables (196) 122
Other assets (161) (85)
Accounts payable and other liabilities 6,100 (431)
Travelers Cheques and other prepaid products (74) (130)
Net cash provided by operating activities 8,547 2,063
Cash Flows from Investing Activities    
Maturities and redemptions of investment securities 2,227 886
Purchase of investments (4,060) (1,215)
Net (increase) decrease in Card Member receivables and loans [1] (656) 348
Purchase of premises and equipment, net of sales (348) (237)
Acquisitions/Dispositions, net of cash acquired (20) (475)
Other investing activities, net 148 0
Net cash (used in) provided by investing activities (2,709) (693)
Cash Flows from Financing Activities    
Net increase (decrease) in customer deposits 2,892 2,206
Net decrease in short-term borrowings (1,099) (1,489)
Proceeds from long-term borrowings 3,633 3,984
Payments of long-term borrowings (3,821) (7,203)
Issuance of American Express common shares 19 11
Repurchase of American Express common shares and other (1,352) (134)
Dividends paid (355) (324)
Net cash provided by (used in) financing activities (83) (2,949)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash 68 (178)
Net (decrease) increase in cash, cash equivalents and restricted cash 5,823 (1,757)
Cash, cash equivalents and restricted cash at beginning of period 27,808 33,263
Cash, cash equivalents and restricted cash at end of period $ 33,631 $ 31,506
[1]
Refer to Note 2 for additional information.