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American Express Co's credit losses provision for the three months ended in Dec. 2013 was $528 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2013 was $2,110 Mil.
American Express Co's quarterly credit losses provision declined from Jun. 2013 ($593 Mil) to Sep. 2013 ($492 Mil) but then increased from Sep. 2013 ($492 Mil) to Dec. 2013 ($528 Mil).
American Express Co's annual credit losses provision increased from Dec. 2011 ($1,112 Mil) to Dec. 2012 ($1,990 Mil) and increased from Dec. 2012 ($1,990 Mil) to Dec. 2013 ($2,110 Mil).
For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.
American Express Co Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2013 was 497 (Mar. 2013 ) + 593 (Jun. 2013 ) + 492 (Sep. 2013 ) + 528 (Dec. 2013 ) = $2,110 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
American Express Co Annual Data
American Express Co Quarterly Data