Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
NOTE 26 Parent Company PARENT COMPANY – CONDENSED STATEMENTS OF INCOME Years Ended December 31 (Millions) | | 2016 | | 2015 | | 2014 | Revenues | | | | | | | | | | | Non-interest revenues | | | | | | | | | | | | Gain on sale of securities | | $ | ― | | $ | ― | | $ | 99 | | | Other | | | 391 | | | 400 | | | 270 | Total non-interest revenues | | | 391 | | | 400 | | | 369 | Interest income | | | 196 | | | 172 | | | 141 | Interest expense | | | 515 | | | 526 | | | 543 | Total revenues net of interest expense | | | 72 | | | 46 | | | (33) | Expenses | | | | | | | | | | | Salaries and employee benefits | | | 388 | | | 341 | | | 275 | | Other | | | 510 | | | 443 | | | 357 | Total expenses | | | 898 | | | 784 | | | 632 | Pretax loss | | | (826) | | | (738) | | | (665) | Income tax benefit | | | (327) | | | (268) | | | (249) | Net loss before equity in net income of subsidiaries and affiliates | | | (499) | | | (470) | | | (416) | Equity in net income of subsidiaries and affiliates | | | 5,907 | | | 5,633 | | | 6,301 | Net income | | $ | 5,408 | | $ | 5,163 | | $ | 5,885 |
PARENT COMPANY – CONDENSED BALANCE SHEETS As of December 31 (Millions) | | 2016 | | 2015 | Assets | | | | | | | Cash and cash equivalents | | $ | 5,229 | | $ | 6,400 | Investment securities | | | 1 | | | 1 | Equity in net assets of subsidiaries and affiliates | | | 20,522 | | | 19,856 | Accounts receivable, less reserves | | | 513 | | | 311 | Premises and equipment, less accumulated depreciation: 2016, $96; 2015, $140 | | | 30 | | | 133 | Loans to subsidiaries and affiliates | | | 7,620 | | | 11,762 | Due from subsidiaries and affiliates | | | 867 | | | 896 | Other assets | | | 277 | | | 275 | Total assets | | | 35,059 | | | 39,634 | Liabilities and Shareholders’ Equity | | | | | | | Liabilities | | | | | | | Accounts payable and other liabilities | | | 1,531 | | | 1,603 | Due to subsidiaries and affiliates | | | 619 | | | 716 | Short-term debt of subsidiaries and affiliates | | | 4,044 | | | 6,923 | Long-term debt | | | 8,364 | | | 9,719 | | Total liabilities | | | 14,558 | | | 18,961 | Shareholders’ Equity | | | | | | | Preferred Shares | | | ― | | | ― | Common shares | | | 181 | | | 194 | Additional paid-in capital | | | 12,733 | | | 13,348 | Retained earnings | | | 10,371 | | | 9,665 | Accumulated other comprehensive loss | | | (2,784) | | | (2,534) | | Total shareholders’ equity | | | 20,501 | | | 20,673 | Total liabilities and shareholders’ equity | | $ | 35,059 | | $ | 39,634 |
PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS Years Ended December 31 (Millions) | | | 2016 | | | 2015 | | | 2014 | Cash Flows from Operating Activities | | | | | | | | | | Net income | | $ | 5,408 | | $ | 5,163 | | $ | 5,885 | Adjustments to reconcile net income to cash provided by operating activities: | | | | | | | | | | | Equity in net income of subsidiaries and affiliates | | | (5,903) | | | (5,633) | | | (6,301) | | Dividends received from subsidiaries and affiliates | | | 4,999 | | | 5,331 | | | 5,455 | | Gain on sale of securities | | | ― | | | ― | | | (99) | | Other operating activities, primarily with subsidiaries and affiliates | | | (102) | | | 332 | | | 173 | Net cash provided by operating activities | | | 4,402 | | | 5,193 | | | 5,113 | Cash Flows from Investing Activities | | | | | | | | | | Sales of available-for-sale investment securities | | | ― | | | ― | | | 111 | Purchase of investments | | | ― | | | (3) | | | ― | Purchase of premises and equipment | | | (1) | | | (29) | | | (39) | Loans to subsidiaries and affiliates | | | 4,142 | | | (3,952) | | | (2,574) | Investments in subsidiaries and affiliates | | | (25) | | | ― | | | ― | Net cash provided by (used in) investing activities | | | 4,116 | | | (3,984) | | | (2,502) | Cash Flows from Financing Activities | | | | | | | | | | (Principal payments on)/issuance of long-term debt | | | (1,350) | | | ― | | | (655) | Short-term debt of subsidiaries and affiliates | | | (2,879) | | | 986 | | | 5,118 | Issuance of American Express preferred shares | | | ― | | | 841 | | | 742 | Issuance of American Express common shares and other | | | 176 | | | 192 | | | 362 | Repurchase of American Express common shares | | | (4,430) | | | (4,480) | | | (4,389) | Dividends paid | | | (1,206) | | | (1,172) | | | (1,041) | Net cash (used in) provided by financing activities | | | (9,689) | | | (3,633) | | | 137 | Net (decrease) increase in cash and cash equivalents | | | (1,171) | | | (2,424) | | | 2,748 | Cash and cash equivalents at beginning of year | | | 6,400 | | | 8,824 | | | 6,076 | Cash and cash equivalents at end of year | | $ | 5,229 | | $ | 6,400 | | $ | 8,824 | | | | | | | | | | | | Supplemental cash flow information | | | | | | | | | | Non-cash financing activities | | | | | | | | | | | Gain on business travel joint venture transaction | | $ | ― | | $ | ― | | $ | 630 |
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