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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net income $ 1,697 $ 5,066
Adjustments to reconcile net income to net cash provided by operating activities:    
Provisions for credit losses 4,841 2,549
Depreciation and amortization 1,115 883
Deferred taxes and other 79 619
Stock-based compensation 175 217
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Other assets (1,432) (43)
Accounts payable & other liabilities (4,384) 1,145
Net cash provided by operating activities 2,091 10,436
Cash Flows from Investing Activities    
Sale of investment securities 58 0
Maturities and redemptions of investment securities 4,881 5,072
Purchase of investments (18,977) (8,917)
Net decrease (increase) in Card Member loans and receivables, and other loans 32,262 (6,071)
Purchase of premises and equipment, net of sales (1,042) (1,214)
Acquisitions/dispositions, net of cash acquired 0 (270)
Other investing activities 7 148
Net cash provided by (used in) investing activities 17,189 (11,252)
Cash Flows from Financing Activities    
Net increase in customer deposits 12,158 3,346
Net decrease in short-term borrowings (4,737) (285)
Proceeds from long-term debt 0 12,710
Payments of long-term debt (13,699) (13,279)
Issuance of American Express common shares 34 77
Repurchase of American Express common shares and other (1,026) (3,463)
Dividends paid (1,112) (1,048)
Net cash used in financing activities (8,382) (1,942)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash 283 304
Net increase (decrease) in cash, cash equivalents and restricted cash 11,181 (2,454)
Cash, cash equivalents and restricted cash at beginning of period 24,446 27,808
Cash, cash equivalents and restricted cash at end of period $ 35,627 $ 25,354