AMERICAN EXPRESS CO
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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FY2023 · Filed Feb 9, 2024
AXP$323.46-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets – December 31, 2023 and 2022
| December 31 (Millions, except share data) | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | ||
| Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2023, nil; 2022, $5) | $7,118 | $5,510 |
| Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2023, nil; 2022, $318) | 39,312 | 28,097 |
| Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2023, $66; 2022, $54) | 166 | 307 |
| Total cash and cash equivalents (includes restricted cash: 2023, $514; 2022, $544) | 46,596 | 33,914 |
| Card Member receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity: 2023, $4,587; 2022, $5,193), less reserves for credit losses: 2023, $174; 2022, $229 | 60,237 | 57,384 |
| Card Member loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2023, $28,590; 2022, $28,461), less reserves for credit losses: 2023, $5,118; 2022, $3,747 | 120,877 | 104,217 |
| Other loans, less reserves for credit losses: 2023, $126; 2022, $59 | 6,960 | 5,357 |
| Investment securities | 2,186 | 4,578 |
| Premises and equipment, less accumulated depreciation and amortization: 2023, $9,911; 2022, $9,850 | 5,138 | 5,215 |
| Other assets, less reserves for credit losses: 2023, $27; 2022, $22 | 19,114 | 17,689 |
| Total assets | $261,108 | $228,354 |
| Liabilities and Shareholders’ Equity | ||
| Liabilities | ||
| Customer deposits | $129,144 | $110,239 |
| Accounts payable | 13,109 | 12,133 |
| Short-term borrowings | 1,293 | 1,348 |
| Long-term debt (includes debt issued by consolidated variable interest entities: 2023, $13,426; 2022, $12,662) | 47,866 | 42,573 |
| Other liabilities | 41,639 | 37,350 |
| Total liabilities | $233,051 | $203,643 |
| Contingencies and Commitments (Note 12) | ||
| Shareholders’ Equity | ||
| Preferred shares, $1.662/3 par value, authorized 20 million shares; issued and outstanding 1,600 shares as of December 31, 2023 and 2022 (Note 16) | — | — |
| Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 723 million shares as of December 31, 2023 and 743 million shares as of December 31, 2022 | 145 | 149 |
| Additional paid-in capital | 11,372 | 11,493 |
| Retained earnings | 19,612 | 16,279 |
| Accumulated other comprehensive income (loss) | (3,072) | (3,210) |
| Total shareholders’ equity | 28,057 | 24,711 |
| Total liabilities and shareholders’ equity | $261,108 | $228,354 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.