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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income $ 2,099 $ 2,235
Adjustments to reconcile net income to net cash provided by operating activities:    
Provisions for credit losses (33) (675)
Depreciation and amortization 398 422
Stock-based compensation 122 98
Deferred taxes (69) 194
Other non-cash items [1] (47) (275)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Other assets 323 477
Accounts payable & other liabilities 1,087 (196)
Net cash provided by operating activities 3,880 2,280
Cash Flows from Investing Activities    
Sale of investment securities 16 37
Maturities and redemptions of investment securities 767 553
Purchase of investments (2,328) (366)
Net (increase) decrease in Card Member loans and receivables, and other loans (785) 4,869
Purchase of premises and equipment, net of sales: 2022, nil; 2021, $3 (447) (319)
Net cash (used in) provided by investing activities (2,777) 4,774
Cash Flows from Financing Activities    
Net increase in customer deposits 6,541 2,327
Net decrease in short-term borrowings (59) (271)
Proceeds from long-term debt 6,231 0
Payments of long-term debt (6,314) (750)
Issuance of American Express common shares 49 31
Repurchase of American Express common shares and other (1,570) (513)
Dividends paid (345) (363)
Net cash provided by financing activities 4,533 461
Effect of foreign currency exchange rates on cash and cash equivalents 14 (200)
Net increase in cash and cash equivalents 5,650 7,315
Cash and cash equivalents at beginning of period 22,028 32,965
Cash and cash equivalents at end of period $ 27,678 $ 40,280
[1] Includes net gains and losses on fair value hedges, changes in equity method investments and net gains and losses on Amex Ventures equity investments.