AMERICAN EXPRESS CO
For the period ended Sep 30, 2024. Filed Oct 18, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 18, 2024
AXP$323.46-0.3%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets – September 30, 2024 and December 31,
CONSOLIDATED BALANCE SHEETS
| (Millions, except share data) | September 30,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | ||
| Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2024, $13; 2023, nil) | $3,205 | $7,118 |
| Interest-bearing deposits in other banks | 44,593 | 39,312 |
| Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2024, $88; 2023, $66) | 120 | 166 |
| Total cash and cash equivalents (includes restricted cash: 2024, $471; 2023, $514) | 47,918 | 46,596 |
| Card Member receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity: 2024, $4,530; 2023, $4,587), less reserves for credit losses: 2024, $156; 2023, $174 | 58,886 | 60,237 |
| Card Member loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2024, $26,935; 2023, $28,590), less reserves for credit losses: 2024, $5,588; 2023, $5,118 | 128,960 | 120,877 |
| Other loans, less reserves for credit losses: 2024, $154; 2023, $126 | 8,306 | 6,960 |
| Investment securities | 1,268 | 2,186 |
| Premises and equipment, less accumulated depreciation and amortization: 2024, $10,867; 2023, $9,911 | 5,308 | 5,138 |
| Other assets, less reserves for credit losses: 2024, $49; 2023, $27 | 20,333 | 19,114 |
| Total assets | $270,979 | $261,108 |
| Liabilities and Shareholders’ Equity | ||
| Liabilities | ||
| Customer deposits | $135,438 | $129,144 |
| Accounts payable | 13,162 | 13,109 |
| Short-term borrowings | 1,457 | 1,293 |
| Long-term debt (includes debt issued by consolidated variable interest entities: 2024, $16,626; 2023, $13,426) | 53,546 | 47,866 |
| Other liabilities | 37,669 | 41,639 |
| Total liabilities | $241,272 | $233,051 |
| Contingencies (Note 7) | ||
| Shareholders’ Equity | ||
| Preferred shares, $1.662/3 par value, authorized 20 million shares; issued and outstanding 1,600 shares as of September 30, 2024 and December 31, 2023 | — | — |
| Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 704 million shares as of September 30, 2024 and 723 million shares as of December 31, 2023 | 141 | 145 |
| Additional paid-in capital | 11,295 | 11,372 |
| Retained earnings | 21,466 | 19,612 |
| Accumulated other comprehensive income (loss) | (3,195) | (3,072) |
| Total shareholders’ equity | 29,707 | 28,057 |
| Total liabilities and shareholders’ equity | $270,979 | $261,108 |
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