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Consolidated Five-Year Summary of Selected Financial Data
The following table sets forth selected consolidated financial information from our audited Consolidated Financial Statements as of
December 31, 2007, 2006, 2005, 2004 and 2003 and for the five-year period ended December 31, 2007. Certain prior year amounts have been
reclassified to conform to the current year’s presentation. For the periods preceding our separation from American Express Company (“American
Express”), we prepared our Consolidated Financial Statements as if we had been a stand-alone company. In the preparation of our Consolidated
Financial Statements for those periods, we made certain allocations of expenses that our management believed to be a reasonable reflection of
costs we would have otherwise incurred as a stand-alone company but were paid by American Express. Accordingly, our Consolidated Financial
Statements include various adjustments to amounts in our consolidated financial statements as a subsidiary of American Express. The selected
financial data presented below should be read in conjunction with our Consolidated Financial Statements and the accompanying notes included
elsewhere in this report and “Management’s Discussion and Analysis.”
Years Ended December 31,
2007(1) 2006(1) 2005(1) 2004(2) 2003(3)
(in millions, except per share data)
Income Statement Data:
Net revenues $8,654 $8,020 $7,396 $6,896 $6,042
Expenses 7,638 7,223 6,651 5,784 5,169
Income from continuing operations before accounting change 814 631 558 825 694
Net income 814 631 574 794 725
Earnings Per Share:
Income from continuing operations before accounting change:
Basic $ 3.45 $ 2.56 $ 2.26 $ 3.35 $ 2.82
Diluted $ 3.39 $ 2.54 $ 2.26 $ 3.35 $ 2.82
Income from discontinued operations, net of tax:
Basic $—$ — $ 0.06 $ 0.16 $ 0.18
Diluted $—$ — $ 0.06 $ 0.16 $ 0.18
Cumulative effect of accounting change, net of tax:
Basic $—$ — $ — $ (0.29) $ (0.05)
Diluted $—$ — $ — $ (0.29) $ (0.05)
Net income:
Basic $ 3.45 $ 2.56 $ 2.32 $ 3.22 $ 2.95
Diluted $ 3.39 $ 2.54 $ 2.32 $ 3.22 $ 2.95
Cash Dividends Paid Per Common Share:
Shareholders $ 0.56 $ 0.44 $ 0.11 $ — $ —
Cash Dividends Paid:
Shareholders $ 133 $108$27$—$—
American Express Company —— 53 1,325 334
Ameriprise Financial 2007 Annual Report 103