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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Net income $ 7,514 $ 8,060 $ 3,135
Adjustments to reconcile net income to net cash provided by operating activities:      
Provisions for credit losses 2,182 (1,419) 4,730
Depreciation and amortization 1,626 1,695 1,543
Stock-based compensation 375 330 249
Deferred taxes (1,189) 294 (939)
Other items [1] 365 (772) 683
Originations of loans held-for-sale (277) 0 0
Proceeds from sales of loans held-for-sale 277 0 0
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Other assets 1,391 1,068 (1,785)
Accounts payable & other liabilities 8,815 5,389 (2,025)
Net cash provided by operating activities 21,079 14,645 5,591
Cash Flows from Investing Activities      
Sale of investment securities 26 62 69
Maturities and redemptions of investment securities 1,892 20,032 7,159
Purchase of investments (4,175) (1,517) (20,562)
Net (increase) decrease in Card Member loans and receivables, and other loans (29,562) (27,557) 26,906
Purchase of premises and equipment, net of sales: 2022, $1; 2021, $88; 2020, $1 (1,855) (1,550) (1,478)
Acquisitions/dispositions, net of cash acquired (15) 1 (597)
Other investing activities 0 0 135
Net cash (used in) provided by investing activities (33,689) (10,529) 11,632
Cash Flows from Financing Activities      
Net increase (decrease) in customer deposits 25,902 (2,468) 13,542
Net (decrease) increase in short-term borrowings (706) 461 (4,627)
Proceeds from long-term debt 23,230 7,788 69
Payments of long-term debt (18,906) (11,662) (15,593)
Issuance of American Express preferred shares 0 1,584 0
Redemption of American Express preferred shares 0 (1,600) 0
Issuance of American Express common shares 56 64 44
Repurchase of American Express common shares and other (3,502) (7,652) (1,029)
Dividends paid (1,565) (1,448) (1,474)
Net cash provided by (used in) financing activities 24,509 (14,933) (9,068)
Effect of foreign currency exchange rates on cash and cash equivalents (13) (120) 364
Net increase (decrease) in cash and cash equivalents 11,886 (10,937) 8,519
Cash and cash equivalents at beginning of year 22,028 32,965 24,446
Cash and cash equivalents at end of year $ 33,914 $ 22,028 $ 32,965
[1] Includes net gains and losses on fair value hedges, net gains and losses on Amex Ventures investments and changes in equity method investments.