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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities    
Net income $ 2,235 $ 367
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provisions for credit losses (675) 2,621
Depreciation and amortization 422 337
Deferred taxes and other (81) 333
Stock-based compensation 98 43
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Other assets 477 309
Accounts payable & other liabilities (196) (6,229)
Net cash provided by (used in) operating activities 2,280 (2,219)
Cash Flows from Investing Activities    
Sale of investment securities 37 0
Maturities and redemptions of investment securities 553 4,376
Purchase of investments (366) (997)
Net decrease in Card Member loans and receivables, and other loans 4,869 18,883
Purchase of premises and equipment, net of sales: 2021, $3; 2020, nil (319) (335)
Net cash provided by investing activities 4,774 21,927
Cash Flows from Financing Activities    
Net increase in customer deposits 2,327 4,701
Net decrease in short-term borrowings (271) (2,880)
Payments of long-term debt (750) (5,849)
Issuance of American Express common shares 31 16
Repurchase of American Express common shares and other (513) (1,023)
Dividends paid (363) (383)
Net cash provided by (used in) financing activities 461 (5,418)
Effect of foreign currency exchange rates on cash and cash equivalents (200) (128)
Net increase in cash and cash equivalents 7,315 14,162
Cash and cash equivalents at beginning of period 32,965 24,446
Cash and cash equivalents at end of period $ 40,280 $ 38,608