10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CITIGROUP INC | |||
Ticker: C Fiscal Year: 2009 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Revenues | |||
| Interest revenue | $ 76,635 | 106,499 | 121,347 |
| Interest expense | 27,721 | 52,750 | 75,958 |
| Net interest revenue | 48,914 | 53,749 | 45,389 |
| Commissions and fees | 17,116 | 10,366 | 20,068 |
| Principal transactions | 3,932 | (22,601) | (12,347) |
| Administration and other fiduciary fees | 5,195 | 8,222 | 8,860 |
| Realized gains (losses) on sales of investments | 1,996 | 679 | 1,168 |
| Other than temporary impairment losses on investments | |||
| Gross impairment losses | (7,262) [1] | (2,740) | |
| Less: Impairments recognized in OCI | 4,356 | ||
| Net impairment losses recognized in earnings | (2,906) | (2,740) | |
| Insurance premiums | 3,020 | 3,221 | 3,062 |
| Other revenue | 3,018 | 703 | 11,100 |
| Total non-interest revenues | 31,371 | (2,150) | 31,911 |
| Total revenues, net of interest expense | 80,285 | 51,599 | 77,300 |
| Provisions for credit losses and for benefits and claims | |||
| Provision for loan losses | 38,760 | 33,674 | 16,832 |
| Policyholder benefits and claims | 1,258 | 1,403 | 935 |
| Provision for unfunded lending commitments | 244 | (363) | 150 |
| Total provisions for credit losses and for benefits and claims | 40,262 | 34,714 | 17,917 |
| Operating expenses | |||
| Compensation and benefits | 24,987 | 31,096 | 32,705 |
| Premises and equipment | 4,339 | 5,317 | 4,837 |
| Technology/communication | 4,573 | 5,993 | 5,620 |
| Advertising and marketing | 1,415 | 2,188 | 2,729 |
| Restructuring | (113) | 1,550 | 1,528 |
| Other operating | 12,621 | 23,096 | 11,318 |
| Total operating expenses | 47,822 | 69,240 | 58,737 |
| Income (loss) from continuing operations before income taxes | (7,799) | (52,355) | 646 |
| Provision (benefit) for income taxes | (6,733) | (20,326) | (2,546) |
| Income (loss) from continuing operations | (1,066) | (32,029) | 3,192 |
| Discontinued operations | |||
| Income (loss) from discontinued operations | (653) | 784 | 1,052 |
| Gain on sale | 102 | 3,139 | |
| Provision (benefit) for income taxes | (106) | (79) | 344 |
| Income (loss) from discontinued operations, net of taxes | (445) | 4,002 | 708 |
| Net income (loss) before attribution of noncontrolling interests | (1,511) | (28,027) | 3,900 |
| Net income (loss) attributable to noncontrolling interests | 95 | (343) | 283 |
| Citigroup's net income (loss) | (1,606) | (27,684) | 3,617 |
| Basic earnings per share | |||
| Income (loss) from continuing operations (in dollars per share) | (0.76) [2] | (6.39) | 0.53 |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | (0.04) | 0.76 | 0.15 |
| Net income (loss) (in dollars per share) | (0.80) | (5.63) | 0.68 |
| Weighted average common shares outstanding (in shares) | 11,568,300 | 5,265,400 | 4,905,800 |
| Diluted earnings per share | |||
| Income (loss) from continuing operations (in dollars per share) | (0.76) | (6.39) | 0.53 |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | (0.04) | 0.76 | 0.14 |
| Net income (loss) (in dollars per share) | (0.80) | (5.63) | 0.67 |
| Adjusted weighted average common shares outstanding (in shares) | 12,099,000 | 5,768,900 | 4,924,000 |
| [1] As of January 1, 2009, the Company adopted ASC 320-10-65, Investments-Debt and Equity Securities. The Company disclosed comparable information with the prior year in its 2009 periodic reports. This accounting change was not applicable to 2007 and, accordingly, 2007 information is not disclosed above. | |||
| [2] The Diluted EPS calculation for 2009 and 2008 utilizes Basic shares and Income available to common shareholders (Basic) due to the negative Income available to common shareholders. Using actual Diluted shares and Income available to common shareholders (Diluted) would result in anti-dilution. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CITIGROUP INC | |||
Ticker: C Fiscal Year: 2009 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash flows from operating activities of continuing operations | |||
| Net income (loss) before attribution of noncontrolling interests | $ (1,511) | (28,027) | 3,900 |
| Net income (loss) attributable to noncontrolling interests | 95 | (343) | 283 |
| Citigroup's net income (loss) | (1,606) | (27,684) | 3,617 |
| Income (loss) from discontinued operations, net of taxes | (402) | 1,070 | 708 |
| Gain (loss) on sale, net of taxes | (43) | 2,932 | |
| Income (loss) from continuing operations-excluding noncontrolling interests | (1,161) | (31,686) | 2,909 |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities of continuing operations | |||
| Amortization of deferred policy acquisition costs and present value of future profits | 434 | 206 | 369 |
| Additions to deferred policy acquisition costs | (461) | (397) | (482) |
| Depreciation and amortization | 2,853 | 2,466 | 2,421 |
| Deferred tax benefit | (7,709) | (20,535) | (3,927) |
| Provision for credit losses | 39,004 | 33,311 | 16,982 |
| Change in trading account assets | 25,864 | 123,845 | (62,798) |
| Change in trading account liabilities | (25,382) | (14,604) | 20,893 |
| Change in federal funds sold and securities borrowed or purchased under agreements to resell | (43,726) | 89,933 | 38,143 |
| Change in federal funds purchased and securities loaned or sold under agreements to repurchase | (47,669) | (98,950) | (56,983) |
| Change in brokerage receivables net of brokerage payables | 1,847 | (954) | (15,529) |
| Realized gains from sales of investments | (1,996) | (679) | (1,168) |
| Change in loans held-for-sale | (1,711) | 29,009 | (30,649) |
| Other, net | 4,094 | (14,445) | 18,268 |
| Total adjustments | (54,558) | 128,206 | (74,460) |
| Net cash (used in) provided by operating activities of continuing operations | (55,719) | 96,520 | (71,551) |
| Cash flows from investing activities of continuing operations | |||
| Change in deposits with banks | 2,519 | (100,965) | (17,216) |
| Change in loans | (148,651) | (270,521) | (361,934) |
| Proceeds from sales and securitizations of loans | 241,367 | 313,808 | 273,464 |
| Purchases of investments | (281,115) | (344,336) | (274,426) |
| Proceeds from sales of investments | 85,395 | 93,666 | 211,753 |
| Proceeds from maturities of investments | 133,614 | 209,312 | 121,346 |
| Capital expenditures on premises and equipment | (1,146) | (2,541) | (4,003) |
| Proceeds from sales of premises and equipment, subsidiaries and affiliates, and repossessed assets | 6,303 | 23,966 | 4,253 |
| Business acquisitions | (15,614) | ||
| Net cash provided by (used in) investing activities of continuing operations | 38,286 | (77,611) | (62,377) |
| Cash flows from financing activities of continuing operations | |||
| Dividends paid | (3,237) | (7,526) | (10,778) |
| Issuance of common stock | 17,514 | 6,864 | 1,060 |
| Issuances (redemptions) of preferred stock, net | 70,626 | (1,000) | |
| Issuances of T-DECs - APIC | 2,784 | ||
| Treasury stock acquired | (3) | (7) | (663) |
| Stock tendered for payment of withholding taxes | (120) | (400) | (951) |
| Issuance of long-term debt | 110,088 | 90,414 | 118,496 |
| Payments and redemptions of long-term debt | (123,743) | (132,901) | (65,517) |
| Change in deposits | 61,718 | (37,811) | 93,422 |
| Change in short-term borrowings | (51,995) | (13,796) | 10,425 |
| Net cash provided by (used in) financing activities of continuing operations | 13,006 | (24,537) | 144,494 |
| Effect of exchange rate changes on cash and cash equivalents | 632 | (2,948) | 1,005 |
| Discontinued operations | |||
| Net cash provided by (used in) discontinued operations | 14 | (377) | 121 |
| Change in cash and due from banks | (3,781) | (8,953) | 11,692 |
| Cash and due from banks at beginning of period | 29,253 | 38,206 | |
| Cash and due from banks at end of period | 25,472 | 29,253 | 38,206 |
| Supplemental disclosure of cash flow information for continuing operations | |||
| Cash (received) paid during the year for income taxes | (289) | 3,170 | 5,923 |
| Cash paid during the year for interest | 28,389 | 55,678 | 72,732 |
| Non-cash investing activities | |||
| Transfers to repossessed assets | 2,880 | 3,439 | 2,287 |
| Transfers to investments (held-to-maturity) from trading account assets | 33,258 | ||
| Transfers to investments (available-for-sale) from trading account assets | 4,654 | ||
| Transfers to loans held for investment (loans) from loans held-for-sale | 15,891 | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CITIGROUP INC | ||
Ticker: C Fiscal Year: 2009 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| Assets | ||
| Cash and due from banks (including segregated cash and other deposits) | $ 25,472 | 29,253 |
| Deposits with banks | 167,414 | 170,331 |
| Federal funds sold and securities borrowed or purchased under agreements to resell (including $87,837 and $70,305 as of December 31, 2009 and December 31, 2008, respectively, at fair value) | 222,022 | 184,133 |
| Brokerage receivables | 33,634 | 44,278 |
| Trading account assets (including $111,219 and $148,703 pledged to creditors at December 31, 2009 and December 31, 2008, respectively) | 342,773 | 377,635 |
| Investments (including $15,154 and $14,875 pledged to creditors at December 31, 2009 and December 31, 2008, respectively and $246,429 and $184,451 at December 31, 2009 and December 31, 2008, respectively, at fair value) | 306,119 | 256,020 |
| Loans, net of unearned income | ||
| Consumer (including $34 and $36 at fair value as of December 31, 2009 and December 31, 2008, respectively) | 424,057 | 481,387 |
| Corporate (including $1,405 and $2,696 at December 31, 2009 and December 31, 2008, respectively, at fair value) | 167,447 | 212,829 |
| Loans, net of unearned income | 591,504 | 694,216 |
| Allowance for loan losses | (36,033) | (29,616) |
| Total loans, net | 555,471 | 664,600 |
| Goodwill | 25,392 | 27,132 |
| Intangible assets (other than MSRs) | 8,714 | 14,159 |
| Mortgage servicing rights (MSRs) | 6,530 | 5,657 |
| Other assets (including $12,664 and $21,372 as of December 31, 2009 and December 31, 2008 respectively, at fair value) | 163,105 | 165,272 |
| Total assets | 1,856,646 | 1,938,470 |
| Liabilities | ||
| Non-interest-bearing deposits in U.S. offices | 71,325 | 55,485 |
| Interest-bearing deposits in U.S. offices (including $700 and $1,335 at December 31, 2009 and December 31, 2008, respectively, at fair value) | 232,093 | 234,491 |
| Non-interest-bearing deposits in offices outside the U.S. | 44,904 | 37,412 |
| Interest-bearing deposits in offices outside the U.S. (including $845 and $1,271 at December 31, 2009 and December 31, 2008, respectively, at fair value) | 487,581 | 446,797 |
| Total deposits | 835,903 | 774,185 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase (including $104,030 and $138,866 as of December 31, 2009 and December 31, 2008, respectively, at fair value) | 154,281 | 205,293 |
| Brokerage payables | 60,846 | 70,916 |
| Trading account liabilities | 137,512 | 165,800 |
| Short-term borrowings (including $639 and $17,607 at December 31, 2009 and December 31, 2008, respectively, at fair value) | 68,879 | 126,691 |
| Long-term debt (including $25,942 and $27,263 at December 31, 2009 and December 31, 2008, respectively, at fair value) | 364,019 | 359,593 |
| Other liabilities (including $11,542 and $13,567 as of December 31, 2009 and December 31, 2008, respectively, at fair value) | 80,233 | 91,970 |
| Total liabilities | 1,701,673 | 1,794,448 |
| Stockholders' equity | ||
| Preferred stock ($1.00 par value; authorized shares: 30 million), issued shares: 12,038 at December 31, 2009, at aggregate liquidation value | 312 | 70,664 |
| Common stock ($0.01 par value; authorized shares: 60 billion), issued shares: 28,626,100,389 at December 31, 2009 and 5,671,743,807 at December 31, 2008 | 286 | 57 |
| Additional paid-in capital | 98,142 | 19,165 |
| Retained earnings | 77,440 | 86,521 |
| Treasury stock, at cost: 2009-142,833,099 shares and 2008-221,675,719 shares | (4,543) | (9,582) |
| Accumulated other comprehensive income (loss) | (18,937) | (25,195) |
| Total Citigroup stockholders' equity | 152,700 | 141,630 |
| Noncontrolling interest | 2,273 | 2,392 |
| Total equity | 154,973 | 144,022 |
| Total liabilities and equity | 1,856,646 | 1,938,470 |
| External Links | |
| CITIGROUP INC (C) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |