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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income $ 6,759 $ 6,921 $ 2,748
Adjustments to reconcile net income to net cash provided by operating activities:      
Provisions for losses 3,573 3,352 2,760
Depreciation and amortization 1,188 1,293 1,321
Deferred taxes and other 426 455 782
Stock-based compensation 283 283 282
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Other assets (368) 991 398
Accounts payable & other liabilities 1,771 (4,365) 5,249
Net cash provided by operating activities 13,632 8,930 13,540
Cash Flows from Investing Activities      
Sale of available-for-sale investment securities 22 4  
Sale of available-for-sale investment securities     2
Maturities and redemptions of investment securities 7,329 3,499 2,494
Purchase of investments (11,166) (5,434) (2,612)
Net increase in Card Member loans and receivables, and other loans (11,047) (15,854) (16,853)
Purchase of premises and equipment (1,645) (1,310) (1,062)
Acquisitions/dispositions, net of cash acquired (352) (520) (211)
Other investing activities 152 0 0
Net cash used in investing activities (16,707) (19,615) (18,242)
Cash Flows from Financing Activities      
Net increase in customer deposits 3,330 5,542 11,385
Net increase (decrease) in short-term borrowings 3,316 (148) (2,300)
Proceeds from long-term debt 12,706 21,524 32,764
Payments of long-term debt (13,850) (18,895) (24,082)
Issuance of American Express common shares 86 87 129
Repurchase of American Express common shares and other (4,685) (1,685) (4,400)
Dividends paid (1,422) (1,324) (1,251)
Net cash (used in) provided by financing activities (519) 5,101 12,245
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash 232 129 226
Net (decrease) increase in cash, cash equivalents and restricted cash (3,362) (5,455) 7,769
Cash. cash equivalents and restricted cash at beginning of year 27,808 33,263 25,494
Cash, cash equivalents and restricted cash at end of year $ 24,446 $ 27,808 $ 33,263