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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net income $ 4,515 $ 624
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provisions for credit losses (1,281) 4,176
Depreciation and amortization 834 711
Deferred taxes and other (294) 335
Stock-based compensation 183 109
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Other assets 282 (792)
Accounts payable & other liabilities 1,226 (5,252)
Net cash provided by (used in) operating activities 5,465 (89)
Cash Flows from Investing Activities    
Sale of investment securities 37 36
Maturities and redemptions of investment securities 9,684 4,573
Purchase of investments (824) (16,132)
Net (increase) decrease in Card Member loans and receivables, and other loans (6,280) 34,356
Purchase of premises and equipment, net of sales: 2021, $40; 2020, nil (609) (689)
Other investing activities 1 2
Net cash provided by investing activities 2,009 22,146
Cash Flows from Financing Activities    
Net (decrease) increase in customer deposits (1,966) 11,519
Net increase (decrease) in short-term borrowings 17 (4,859)
Proceeds from long-term debt 18 0
Payments of long-term debt (5,409) (9,699)
Issuance of American Express common shares 45 33
Repurchase of American Express common shares and other (1,397) (1,025)
Dividends paid (724) (749)
Net cash used in financing activities (9,416) (4,780)
Effect of foreign currency exchange rates on cash and cash equivalents (227) 380
Net (decrease) increase in cash and cash equivalents (2,169) 17,657
Cash and cash equivalents at beginning of period 32,965 24,446
Cash and cash equivalents at end of period $ 30,796 $ 42,103