01—Abstract
Summary
Summary of the 10-Q filed October 29, 2013. Cited figures are marked; the original filing is the authoritative source.
American Express Company (AXP) reported its financial results for the quarterly period ending September 30, 2013.
The company's performance in the third quarter of 2013 and the first nine months of the year showed continued operational activity and financial positioning. Investors will want to focus on the key drivers of revenue, expense management, and overall profitability as presented in the consolidated statements of income and balance sheets.
Key areas of interest include credit performance, spending volume on its cards, and the company's ability to generate revenue from its various business segments. The accompanying Management's Discussion and Analysis provides crucial context for understanding the financial trends and the company's outlook.
02—Key points
Key Highlights
- The report covers the quarterly period ended September 30, 2013, providing financial data for both the three and nine-month periods compared to 2012.
- Consolidated Statements of Income show revenue and expense figures, critical for understanding profitability trends.
- Consolidated Balance Sheets offer a snapshot of the company's assets, liabilities, and equity as of September 30, 2013, and December 31, 2012.
- Consolidated Statements of Cash Flows detail the company's cash generation and usage over the nine months ended September 30, 2013.
- The filing indicates American Express is a large accelerated filer, signifying its substantial market capitalization and reporting history.
- Management's Discussion and Analysis of Financial Condition and Results of Operations is a key section for investors to gain deeper insights into the company's performance drivers and strategic initiatives.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ3 FY2013filed October 29, 2013Financial Statements
Q3 FY2013 against Q3 FY2012
| Line item | Q3 FY2013Q3 FY2012 | Change |
|---|---|---|
| Interest Expense | $484.00M$558.00M | −13.3% |
| Net Income | $1.37B$1.25B | +9.3% |
| EPS (Basic) | $1.26$1.10 | +14.5% |
| EPS (Diluted) | $1.25$1.09 | +14.7% |
| Shares Outstanding (Basic) | 1.07B1.13B | −4.6% |
| Shares Outstanding (Diluted) | 1.08B1.13B | −4.5% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-Q filing?
This 10-Q filing provides American Express Company's unaudited financial statements and an overview of its financial condition and results of operations for the quarterly period ended September 30, 2013. It allows investors to stay updated on the company's performance between annual reports.
What key financial statements are included in this report?
The report includes Consolidated Statements of Income, Consolidated Statements of Comprehensive Income, Consolidated Balance Sheets, and Consolidated Statements of Cash Flows for the relevant periods in 2013 and comparative periods in 2012.
Where can investors find more detailed operational and financial commentary?
Investors can find detailed commentary on the company's financial condition and results of operations in 'Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations'.
Does the report indicate any significant legal or risk factors?
The report includes sections for 'Item 1. Legal Proceedings' and 'Item 1A. Risk Factors', which investors should review for information on potential legal issues and risks that could impact the company's business and financial performance.
06—Continue