CONSOLIDATED HIGHLIGHTS American Express Company (a) Results for 2001 include three significant items: (1) a charge of $1.01 billion ($669 million after-tax) reflecting losses associated with high-yield securities recorded during the first half of 2001; (2) restructuring charges of $631 million ($411 million after-tax); and (3) the one-time adverse impact from the September 11th terrorist attacks of $98 million ($65 million after-tax). (b) Excludes the effect on Shareholders’ Equity of unrealized gains or losses related to SFAS No. 115, “Accounting for Certain Investments in Debt and Equity Securities,” and SFAS No. 133, “Accounting for Derivative Financial Instruments and Hedging Activities.” ‡ — Denotes a variance greater than 100%. Percent Increase (Millions, except per share amounts) 2002 2001 (Decrease) Revenues $ 23,807 $  22,582 5% Net income (a) $ 2,671 $  1,311 ‡ Diluted earnings per common share (a) $ 2.01 $  0.98 ‡ Cash dividends declared per common share $ 0.32 $  0.32 — Book value per common share (b) $ 10.19 $  9.02 13% Average common shares outstanding for diluted  earnings per common share 1,330 1,336 — Total assets $ 157,253 $ 151,100 4% Shareholders’ equity $ 13,861 $  12,037 15% Common share cash dividends declared $ 425 $  424 — Common share repurchases $ 1,153 $  626 84% Return on average shareholders’ equity (a)(b) 20.6% 10.9% — Number of employees 75,459 84,417 (11%)