v2.4.0.8
Parent Company (Tables)
 12 Months Ended
Dec. 31, 2013
Parent Company (Tables) [Abstract]  
Condensed Statements of Income

PARENT COMPANY – CONDENSED STATEMENTS OF INCOME

Years Ended December 31 (Millions) 2013 2012 2011
Revenues         
 Non-interest revenues         
  Gain on sale of securities $ 135 $ 121 $ 15
  Other   5   (12)   3
Total non-interest revenues   140   109   18
Interest income   134   137   142
Interest expense   (583)   (609)   (633)
Total revenues net of interest expense   (309)   (363)   (473)
Expenses         
 Salaries and employee benefits   206   165   173
 Other   261   214   186
Total   467   379   359
Pretax loss   (776)   (742)   (832)
Income tax benefit   (297)   (258)   (346)
Net loss before equity in net income of         
 subsidiaries and affiliates   (479)   (484)   (486)
Equity in net income of subsidiaries and          
 affiliates   5,838   4,966   5,385
Income from continuing operations   5,359   4,482   4,899
Income from discontinued operations,         
 net of tax   ―   ―   36
Net income $ 5,359 $ 4,482 $ 4,935
Condensed Balance Sheets

PARENT COMPANY – CONDENSED BALANCE SHEETS

As of December 31 (Millions) 2013 2012
Assets      
Cash and cash equivalents $ 6,076 $ 4,797
Investment securities   123  296
Equity in net assets of subsidiaries and       
 affiliates of continuing operations   19,571  19,087
Accounts receivable, less reserves   378  655
Premises and equipment, less accumulated       
 depreciation: 2013, $76; 2012, $59   136  117
Loans to subsidiaries and affiliates   5,236   6,733
Due from subsidiaries and affiliates   1,126  1,189
Other assets   335  441
Total assets   32,981  33,315
Liabilities and Shareholders’ Equity      
Liabilities      
Accounts payable and other liabilities   1,386  1,474
Due to subsidiaries and affiliates   926  1,069
Short-term debt of subsidiaries and affiliates   819   2,316
Long-term debt   10,354  9,570
 Total liabilities   13,485  14,429
Shareholders’ equity      
Common shares   213  221
Additional paid-in capital   12,202  12,067
Retained earnings   8,507  7,525
Accumulated other comprehensive loss   (1,426)   (927)
 Total shareholders’ equity   19,496  18,886
Total liabilities and shareholders’ equity $ 32,981 $33,315
Condensed Cash Flows

PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS

Years Ended December 31 (Millions)  2013  2012  2011
Cash Flows from Operating Activities         
Net income $ 5,359 $4,482 $4,935
Adjustments to reconcile net income to cash provided by operating activities:         
 Equity in net income of subsidiaries and affiliates:         
  — Continuing operations   (5,838)  (4,966)  (5,385)
  — Discontinued operations   ―   ―   (36)
 Dividends received from subsidiaries and affiliates   4,768  3,355  3,773
 Gain on sale of securities   (135)  (121)   (15)
 Other operating activities, primarily with subsidiaries and affiliates   324  196  671
 Premium paid on debt exchange   ―   (541)   ―
Net cash provided by operating activities   4,478  2,405  3,943
Cash Flows from Investing Activities         
Sale of investments   157  118  20
Purchase of investments   ―   ―  (2)
Purchase of premises and equipment   (39)  (38)  (35)
Loans to subsidiaries and affiliates   1,498  (1,601)  (189)
Investments in subsidiaries and affiliates   ―  (11)   (18)
Net cash provided by (used in) investing activities   1,616  (1,532)  (224)
Cash Flows from Financing Activities         
Issuance/(principal payments) of/on long-term debt   843   ―   (400)
Short-term debt of subsidiaries and affiliates   (1,497)  1,421  895
Issuance of American Express common shares and other   721  443  594
Repurchase of American Express common shares   (3,943)  (3,952)  (2,300)
Dividends paid   (939)  (902)  (861)
Net cash used in financing activities   (4,815)  (2,990)  (2,072)
Net increase (decrease) in cash and cash equivalents   1,279  (2,117)  1,647
Cash and cash equivalents at beginning of year  4,797  6,914  5,267
Cash and cash equivalents at end of year $6,076 $4,797 $6,914
           
Supplemental cash flow information         
Non-cash financing activities         
 Impact of debt exchange on long-term debt $ ― $ 439 $ ―