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27 Feb 20
6 Apr 20
31 Dec 20

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Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 377M 388M 418M 432M
Net income 93M 110M 112M 103M
Net profit margin 24.67% 28.35% 26.79% 23.84%
Net change in cash 0 -33M 1M -37M
Cash on hand 33M 33M 66M 65M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.62B 1.46B 1.09B 718M
Net income 418M 387M -603M 197M
Net profit margin 25.88% 26.49% -55.47% 27.44%
Net change in cash -69M -94M -1.02B 1.04B
Cash on hand 33M 102M 196M 1.21B

Financial data from company earnings reports

Financial report summary

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Risks
  • Adverse financial market conditions may significantly affect Credco’s ability to meet liquidity needs, access to capital and cost of capital.
  • Difficult conditions in the business and economic environment, as well as political conditions in the United States and elsewhere, may materially adversely affect Credco’s business and results of operations.
  • Any reduction in Credco’s credit ratings could increase the cost of its funding from and restrict Credco’s access to the capital markets and have a material adverse effect on Credco’s results of operations and financial condition.
  • Uncertainty relating to LIBOR and other reference rates and their potential discontinuance may negatively impact Credco’s access to funding and the value of its financial instruments.
  • Adverse currency fluctuations and foreign exchange controls could decrease the revenue Credco receives from its international operations.
  • Credco is an indirect wholly owned subsidiary of American Express. As such, it is affected by the strategic decisions and operating performance of American Express.
  • American Express’ business is subject to comprehensive government regulation and supervision, which could materially adversely affect Credco’s results of operations and financial condition.
  • The risk management policies and procedures of American Express, Credco and the card issuers may not be effective.
  • Credco is an indirect wholly owned subsidiary of American Express and any arrangements or agreements between the two entities may have different terms than would have been negotiated by independent, unrelated parties.
  • Credco and its subsidiaries are dependent on the card issuers that generate receivables.
  • Tax legislative initiatives or challenges to American Express’ tax positions could adversely affect Credco’s results of operations and financial condition.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: advance, advantage, assuming, backstop, bearing, began, called, colleague, employed, espionage, hotel, imply, launching, leader, led, logo, meant, modification, NaN, ordinary, outbreak, overpayment, refreshing, restated, safety, scale, Subsequent, undertaken, unknowingly, whilst, widespread
Removed: absorb, actively, AECCC, amendment, behavior, beneficiary, brought, combined, consolidation, defendant, design, determination, devaluation, discrimination, dissolution, distribute, earlier, employee, enhanced, entail, euro, Eurozone, expired, extreme, FASB, final, governmental, impair, knowledge, lawsuit, lend, March, marketed, modeled, paying, personnel, power, premium, proxy, receive, refinancing, reintroduction, retention, retroactively, shifting, steering, subjectivity, today, traditional, utilizing, VIE

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