American Express Co (AXP) is a global financial services company that provides charge and credit card products, travel services, and payment solutions to consumers and businesses around the world. The company's income statement shows its financial performance over a specific period, including its revenues, expenses, and net income. The income statement provides important insights into the company's profitability and helps investors assess its financial health. In terms of revenues, American Express Co reported a total revenue of $43.6 billion in its latest fiscal year. This represents a 3% increase compared to the previous year. The company's gross profit for the same period was $32.1 billion, indicating a gross margin of approximately 74%. This demonstrates the company's ability to generate revenue after deducting the cost of goods sold.
American Express Co's net income from stockholders was $6.8 billion in the latest fiscal year, which marks a decrease of 17% compared to the previous year. This decline can be attributed to higher operating expenses and provisions for credit losses. The company's EBIT (earnings before interest and taxes) and EBITDA (earnings before interest, taxes, depreciation, and amortization) were $8.5 billion and $11.2 billion, respectively. These figures highlight the company's operating profitability and its ability to generate cash flow. In terms of its balance sheet, American Express Co reported total assets of $190.4 billion and total liabilities of $177.9 billion. The company's stockholders' equity, also known as net worth, was $12.5 billion. This indicates that the company's assets are financed by a combination of debt and equity. American Express Co's net debt, which is calculated by subtracting its cash equivalents from its total debt, was $3.6 billion.
In terms of cash flow, American Express Co reported operating, investing, and financing cash flows of $12.2 billion, -$0.6 billion, and -$11.6 billion, respectively, in its latest fiscal year. This indicates that the company generated cash from its core operations, invested in capital expenditures, and used cash for financing activities such as debt repayment and dividend payments. The company's free cash flow, which is calculated by subtracting its capital expenditures from its operating cash flow, was $11.6 billion. This figure represents the cash flow available for the company to invest in growth opportunities, repay debt, or distribute to shareholders. Overall, American Express Co's financials reflect its strong position in the financial services industry and its ability to generate consistent revenue and profitability.