Early Access

10-QPeriod: Q2 FY2013

AMERICAN EXPRESS CO Quarterly Report for Q2 Ended Jun 30, 2013

Filed July 29, 2013For Securities:AXP

Summary

American Express Company (AXP) filed its 10-Q for the period ending June 29, 2013, presenting a mixed financial performance for the second quarter and the first half of the year. While revenue figures showed an increase, the company faced challenges impacting its profitability. Investors should pay close attention to the trends in credit quality and the provision for losses, as these are critical indicators of the company's risk management and future earnings potential. The report also details the company's ongoing legal proceedings and risk factors, which could influence future business operations and financial results. Management's Discussion and Analysis provides insights into the factors driving these results, including competitive pressures and the broader economic environment. While specific figures for net income and earnings per share are not detailed in the provided excerpt, the focus on revenue growth alongside potential cost pressures suggests a dynamic operating landscape. Investors are encouraged to review the detailed financial statements and accompanying notes for a comprehensive understanding of AXP's financial health and strategic direction.

Financial Highlights

35 data points
Beta

Net Income

$1.41B

EPS (Diluted)

$1.27

Total Assets

$151.93B

Free Cash Flow

$2.41B

Financial Statements
Beta
Interest Expense$492.00M
Net Income$1.41B
EPS (Basic)$1.28
EPS (Diluted)$1.27
Shares Outstanding (Basic)1.09B
Shares Outstanding (Diluted)1.10B

Key Highlights

  • 1Consolidated Statements of Income for both the three and six months ended June 30, 2013, show financial performance compared to the prior year.
  • 2Consolidated Balance Sheets as of June 30, 2013, and December 31, 2012, provide a snapshot of the company's assets, liabilities, and equity.
  • 3Consolidated Statements of Cash Flows for the six months ended June 30, 2013, detail the company's cash generation and usage.
  • 4Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) offers management's perspective on the company's performance and outlook.
  • 5Quantitative and Qualitative Disclosures about Market Risk section addresses the company's exposure to various market risks.
  • 6Legal Proceedings are outlined, which could have material impacts on the company's financial standing.
  • 7Risk Factors section details potential challenges and uncertainties that could affect AXP's business and financial results.

Frequently Asked Questions