XML 42 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Cash Flows (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities  
Net income$ 3,743$ 2,995
Income from discontinued operations, net of tax360
Income from continuing operations3,7072,995
Adjustments to reconcile net income to net cash provided by operating activities:  
Provisions for losses7031,968
Depreciation and amortization733689
Deferred taxes and other1,045735
Stock-based compensation227185
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:  
Other receivables46(232)
Other assets(234)(424)
Accounts payable and other liabilities1,3461,843
Travelers Cheques outstanding(585)(532)
Net cash provided by operating activities6,9887,227
Cash Flows from Investing Activities  
Sale of investments9441,759
Maturity and redemption of investments4,7148,998
Purchase of investments(904)(7,054)
Net decrease in cardmember loans/receivables(1,971)66
Purchase of premises and equipment, net of sales(885)(586)
Acquisitions/Dispositions, net of cash acquired(610)(254)
Net decrease in restricted cash3,6582,369
Net cash provided by investing activities4,9465,298
Cash Flows from Financing Activities  
Net increase in customer deposits3,4552,055
Net decrease in short-term borrowings124(274)
Issuance of long-term debt9,3113,423
Principal payments on long-term debt(14,113)(12,814)
Issuance of American Express common shares507375
Repurchase of American Express common shares(1,950)0
Dividends paid(646)(650)
Net cash used in financing activities(3,312)(7,885)
Effect of exchange rate changes on cash(33)102
Net increase in cash and cash equivalents8,5894,742
Cash and cash equivalents at beginning of period16,35616,599
Cash and cash equivalents at end of period$ 24,945$ 21,341