XML 22 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net income $ 3,441 $ 2,998
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Provisions for losses 897 887
Depreciation and amortization 536 514
Deferred taxes and other (852) 146
Stock-based compensation 133 140
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Other receivables 293 (271)
Other assets (107) 1,616
Accounts payable and other liabilities (759) (1,381)
Travelers Cheques and other prepaid products (444) (414)
Net cash provided by operating activities 3,138 4,235
Cash Flows from Investing Activities    
Sales of available-for-sale investment securities 45 0
Maturities and redemptions of available-for-sale investment securities 567 991
Sales of other investments 0 0
Purchase of investments (791) (1,212)
Net decrease (increase) in Card Member receivables and loans, including held for sale [1] 13,002 (569)
Purchase of premises and equipment, net of sales (649) (537)
Acquisitions/Dispositions, net of cash acquired (162) (74)
Net decrease (increase) in restricted cash 126 (1,529)
Net cash provided by (used in) investing activities 12,138 (2,930)
Cash Flows from Financing Activities    
Net (decrease) increase in customer deposits (594) 3,017
Net (decrease) increase in short-term borrowings (2,520) 1,033
Issuance of long-term debt 3,778 3,457
Principal payments on long-term debt (1,558) (8,410)
Issuance of American Express preferred shares 0 841
Issuance of American Express common shares 75 143
Repurchase of American Express common shares (2,852) (1,971)
Dividends paid (601) (533)
Net cash used in financing activities (4,272) (2,423)
Effect of foreign currency exchange rates on cash and cash equivalents 1 (99)
Net increase (decrease) in cash and cash equivalents 11,005 (1,217)
Cash and cash equivalents at beginning of period 22,762 22,288
Cash and cash equivalents at end of period $ 33,767 $ 21,071
[1] Re fer to Note 2 for additional information.