American Express (AXP) FY2013 results: revenue $32.9 billion, up 4.1% on the year
American Express Co. (AXP) reported revenue of $32.9 billion for fiscal 2013, the year ended 31 December 2013, up 4.1% on the year before. Net income was $5.4 billion, up 19.6%, and diluted earnings per share $4.88. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$32.9 billion
+4.1% on the year
FY2007FY2013
Operating margin
n/a
FY2007FY2013
Net income
$5.4 billion
+19.6% on the year
FY2007FY2013
Diluted EPS
$4.88
+25.4% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
32,870
31,582
29,962
+4.1%
Interest expense
1,958
2,226
2,320
-12.0%
Pre-tax income
7,888
6,451
6,956
+22.3%
Income tax
2,529
1,969
2,057
+28.4%
Effective tax rate
32.1%
30.5%
29.6%
Net income
5,359
4,482
4,935
+19.6%
Net margin
16.3%
14.2%
16.5%
Diluted EPS
$4.88
$3.89
$4.12
+25.4%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
8,547
7,082
10,475
+20.7%
Capital expenditure
1,006
1,053
1,189
-4.5%
Free cash flow
7,541
6,029
9,286
+25.1%
Free cash flow margin
22.9%
19.1%
31.0%
Cash from investing
n/a
n/a
-491
Cash from financing
n/a
n/a
-1,384
Depreciation and amortisation
1,020
991
918
+2.9%
Share-based compensation
350
297
301
+17.8%
Buybacks
3,943
3,952
2,300
-0.2%
Dividends paid
939
902
861
+4.1%
Dividend per share
$0.89
$0.80
$0.72
+11.2%
Diluted shares, weighted
1,089m
1,141m
1,184m
-4.6%
Shares outstanding at period end
1,064m
1,105m
1,164m
-3.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
19,496
18,886
18,794
+3.2%
Deposits
41,763
39,803
37,898
+4.9%
Short-term borrowings
5,021
3,314
4,337
+51.5%
Debt
55,330
58,973
59,570
-6.2%
Other liabilities
31,390
32,164
32,738
-2.4%
Total liabilities and equity
153,000
153,140
153,337
-0.1%
Fixed assets
3,875
3,635
3,367
+6.6%
Goodwill
3,198
3,181
3,172
+0.5%
Intangible assets
817
993
1,149
-17.7%
Securities held for sale or to maturity
4,844
5,267
6,733
-8.0%
Loans
65,977
63,758
60,747
+3.5%
Other assets
74,289
76,306
78,169
-2.6%
Total assets
153,000
153,140
153,337
-0.1%
10-K for the year ended 31 December 2013, filed 25 February 2014: the filing.