American Express (AXP) FY2012 results: revenue $31.6 billion, up 5.4% on the year
American Express Co. (AXP) reported revenue of $31.6 billion for fiscal 2012, the year ended 31 December 2012, up 5.4% on the year before. Net income was $4.5 billion, down 9.2%, and diluted earnings per share $3.89. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$31.6 billion
+5.4% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$4.5 billion
-9.2% on the year
FY2007FY2012
Diluted EPS
$3.89
-5.6% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
31,582
29,962
27,582
+5.4%
Interest expense
2,226
2,320
2,423
-4.1%
Pre-tax income
6,451
6,956
5,964
-7.3%
Income tax
1,969
2,057
1,907
-4.3%
Effective tax rate
30.5%
29.6%
32.0%
Net income
4,482
4,935
4,057
-9.2%
Net margin
14.2%
16.5%
14.7%
Diluted EPS
$3.89
$4.12
$3.35
-5.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
7,082
10,475
8,935
-32.4%
Capital expenditure
1,053
1,189
878
-11.4%
Free cash flow
6,029
9,286
8,057
-35.1%
Free cash flow margin
19.1%
31.0%
29.2%
Cash from investing
n/a
-491
-1,229
Cash from financing
n/a
-1,384
-8,084
Depreciation and amortisation
991
918
917
+8.0%
Share-based compensation
297
301
287
-1.3%
Buybacks
3,952
2,300
590
+71.8%
Dividends paid
902
861
867
+4.8%
Dividend per share
$0.80
$0.72
$0.72
+11.1%
Diluted shares, weighted
1,141m
1,184m
1,195m
-3.6%
Shares outstanding at period end
1,105m
1,164m
1,197m
-5.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
18,886
18,794
18,794
+0.5%
Deposits
39,803
37,898
29,727
+5.0%
Short-term borrowings
3,314
4,337
3,414
-23.6%
Debt
58,973
59,570
66,416
-1.0%
Other liabilities
32,164
32,738
28,338
-1.8%
Total liabilities and equity
153,140
153,337
146,689
-0.1%
Fixed assets
3,635
3,367
2,905
+8.0%
Goodwill
3,181
3,172
2,639
+0.3%
Intangible assets
993
1,149
972
-13.6%
Securities held for sale or to maturity
5,267
6,733
13,535
-21.8%
Loans
63,758
60,747
57,204
+5.0%
Cash and equivalents
n/a
n/a
654
Other assets
76,306
78,169
68,780
-2.4%
Total assets
153,140
153,337
146,689
-0.1%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.