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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities    
Net income $ 3,933 $ 4,583
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Provisions for losses 1,926 1,401
Depreciation and amortization 953 810
Deferred taxes and other (61) (1,076)
Stock-based compensation 212 190
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Other receivables 1,043 485
Other assets (137) 115
Accounts payable and other liabilities 1,197 (963)
Travelers Cheques and other prepaid products (485) (594)
Net cash provided by operating activities 8,581 4,951
Cash Flows from Investing Activities    
Sales of available-for-sale investment securities 1 51
Maturities and redemptions of available-for-sale investment securities 2,198 1,209
Purchase of investments (2,339) (1,355)
Net (increase) decrease in Card Member receivables and loans, including held for sale [1] (7,535) 11,818
Purchase of premises and equipment, net of sales (812) (975)
Acquisitions/Dispositions, net of cash acquired (210) (191)
Net (inrease) decrease in restricted cash (1,773) (427)
Net cash (used in) provided by investing activities (10,470) 10,130
Cash Flows from Financing Activities    
Net increase (decrease) in customer deposits 8,219 (1,499)
Net decrease in short-term borrowings (3,232) (2,040)
Issuance of long-term debt 19,875 5,926
Principal payments on long-term debt (18,349) (9,349)
Issuance of American Express preferred shares 0 0
Issuance of American Express common shares 82 78
Repurchase of American Express common shares (3,087) (3,542)
Dividends paid (925) (892)
Net cash provided by (used in) financing activities 2,583 (11,318)
Effect of foreign currency exchange rates on cash and cash equivalents 266 (5)
Net increase in cash and cash equivalents 960 3,758
Cash and cash equivalents at beginning of period 25,208 22,762
Cash and cash equivalents at end of period $ 26,168 $ 26,520
[1]

Re fer to Note 2 for additional information.