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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income $ 8,060 $ 3,135 $ 6,759
Adjustments to reconcile net income to net cash provided by operating activities:      
Provisions for credit losses (1,419) 4,730 3,573
Depreciation and amortization 1,695 1,543 1,188
Stock-based compensation 330 249 283
Deferred taxes 294 (939) (151)
Other non-cash items (772) 683 577
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Other assets 1,068 (1,785) (368)
Accounts payable & other liabilities 5,389 (2,025) 1,771
Net cash provided by operating activities 14,645 5,591 13,632
Cash Flows from Investing Activities      
Sale of investment securities 62 69 22
Maturities and redemptions of investment securities 20,032 7,159 7,329
Purchase of investments (1,517) (20,562) (11,166)
Net (increase) decrease in Card Member loans and receivables, and other loans (27,557) 26,906 (11,047)
Purchase of premises and equipment, net of sales: 2021, $88; 2020, $1; 2019, $43 (1,550) (1,478) (1,645)
Acquisitions/dispositions, net of cash acquired 1 (597) (352)
Other investing activities 0 135 152
Net cash (used in) provided by investing activities (10,529) 11,632 (16,707)
Cash Flows from Financing Activities      
Net (decrease) increase in customer deposits (2,468) 13,542 3,330
Net increase (decrease) in short-term borrowings 461 (4,627) 3,316
Proceeds from long-term debt 7,788 69 12,706
Payments of long-term debt (11,662) (15,593) (13,850)
Issuance of American Express preferred shares 1,584 0 0
Redemption of American Express preferred shares (1,600) 0 0
Issuance of American Express common shares 64 44 86
Repurchase of American Express common shares and other (7,652) (1,029) (4,685)
Dividends paid (1,448) (1,474) (1,422)
Net cash used in financing activities (14,933) (9,068) (519)
Effect of foreign currency exchange rates on cash and cash equivalents (120) 364 232
Net (decrease) increase in cash and cash equivalents (10,937) 8,519 (3,362)
Cash and cash equivalents at beginning of year 32,965 24,446 27,808
Cash and cash equivalents at end of year $ 22,028 $ 32,965 $ 24,446