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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income $ 4,063 $ 4,515
Adjustments to reconcile net income to net cash provided by operating activities:    
Provisions for credit losses 377 (1,281)
Depreciation and amortization 795 834
Stock-based compensation 198 183
Deferred taxes (402) 238
Other non-cash items [1] 128 (532)
Originations of loans held-for-sale (90) 0
Proceeds from sales of loans held-for-sale 88 0
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Other assets 246 282
Accounts payable & other liabilities 2,736 1,226
Net cash provided by operating activities 8,139 5,465
Cash Flows from Investing Activities    
Sale of investment securities 16 37
Maturities and redemptions of investment securities 1,096 9,684
Purchase of investments (2,674) (824)
Net increase in Card Member loans and receivables, and other loans (12,916) (6,280)
Purchase of premises and equipment, net of sales: 2022, nil; 2021, $40 (899) (609)
Acquisitions/dispositions, net of cash acquired (15) 1
Net cash (used in) provided by investing activities (15,392) 2,009
Cash Flows from Financing Activities    
Net increase (decrease) in customer deposits 12,060 (1,966)
Net (decrease) increase in short-term borrowings (63) 17
Proceeds from long-term debt 14,710 18
Payments of long-term debt (12,529) (5,409)
Issuance of American Express common shares 54 45
Repurchase of American Express common shares and other (2,261) (1,397)
Dividends paid (753) (724)
Net cash provided by (used in) financing activities 11,218 (9,416)
Effect of foreign currency exchange rates on cash and cash equivalents 284 (227)
Net increase (decrease) in cash and cash equivalents 4,249 (2,169)
Cash and cash equivalents at beginning of period 22,028 32,965
Cash and cash equivalents at end of period $ 26,277 $ 30,796
[1] Includes net gains and losses on fair value hedges, changes in equity method investments and net gains and losses on Amex Ventures investments.