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: 2014

CONSOLIDATED STATEMENT OF INCOME

Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015)

(In Millions, except shares in Thousands)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2014Dec 31, 2013Dec 31, 2012
Revenues
Interest revenue
$
61,683
62,97067,298
Interest expense13,69016,17720,612
Net interest revenue47,99346,79346,686
 
Commissions and fees13,03212,94112,584
Principal transactions6,6987,3024,980
Administration and other fiduciary fees4,0134,0894,012
Realized gains on sales of investments, net5707483,251
Other-than-temporary impairment losses on investments
Gross impairment losses(432)(633)(5,037)
Less: Impairments recognized in AOCI89866
Net impairment losses recognized in earnings(424)(535)(4,971)
Insurance premiums2,1102,2802,395
Other revenue2,8902,801253
Total non-interest revenues28,88929,62622,504
 
Total revenues, net of interest expense76,88276,41969,190
 
Provisions for credit losses and for benefits and claims
Provision for loan losses6,8287,60410,458
Policyholder benefits and claims801830887
Provision (release) for unfunded lending commitments(162)80(16)
Total provisions for credit losses and for benefits and claims7,4678,51411,329
 
Operating expenses
Compensation and benefits23,95923,96725,119
Premises and equipment3,1783,1653,266
Technology/communication6,436 [1]6,1365,829
Advertising and marketing1,8441,8882,164
Other operating19,63413,25213,658
Total operating expenses55,05148,40850,036
 
Income from continuing operations before income taxes14,36419,4977,825
 
Provision for income taxes6,8645,8677
Income from continuing operations7,50013,6307,818
 
Discontinued operations
Income (loss) from discontinued operations10(242)(109)
Gain on sale0268(1)
Provision (benefit) for income taxes12(244)(52)
Income (loss) from discontinued operations, net of taxes(2)270(58)
 
Net income before attribution of noncontrolling interests7,49813,9007,760
 
Noncontrolling interests185227219
Citigroups net income7,31313,6737,541
 
Basic earnings per share
Income from continuing operations (in dollars per share)2.214.272.53
Income (loss) from discontinued operations, net of taxes (in dollars per share)0.000.09(0.02) [2]
Net income (in dollars per share)2.214.352.51
 
Weighted average common shares outstanding (in shares)3,031,6003,035,8002,930,600
Diluted earnings per share
Income from continuing operations (in dollars per share)2.204.262.46
Income (loss) from discontinued operations, net of taxes (in dollars per share)0.000.09(0.02)
Net income (in dollars per share)2.204.352.44
 
Adjusted weighted average common shares outstanding (in shares)3,037,0003,041,6003,015,500
[1] Certain prior-period revenue and expense lines and totals were reclassified to conform to the current periods presentation. See Note 3 to the Consolidated Financial Statements.
[2] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.
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CITIGROUP INC

Ticker: C   Fiscal Year: 2014

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2014Dec 31, 2013Dec 31, 2012
Net income before attribution of noncontrolling interests
$
7,498
13,9007,760
Citigroups other comprehensive income (loss)
Net change in unrealized gains and losses on investment securities, net of taxes1,697(2,237)632
Net change in cash flow hedges, net of taxes3361,048527
Benefit plans liability adjustment, net of taxes(1,170)1,281(988) [1]
Net change in foreign currency translation adjustment, net of taxes and hedges(4,946)(2,329)721
Citigroups total other comprehensive income (loss)(4,083)(2,237)892
 
Other comprehensive income (loss) attributable to noncontrolling interests
Net change in unrealized gains and losses on investment securities, net of taxes6(27)32
Net change in foreign currency translation adjustment, net of taxes(112)1058
Total other comprehensive income (loss) attributable to noncontrolling interests(106)(17)90
Total comprehensive income before attribution of noncontrolling interests3,30911,6468,742
 
Total net income attributable to noncontrolling interests185227219
Citigroups comprehensive income3,12411,4198,523
 
[1] Reflects adjustments based on the actuarial valuations of the Companys significant pension and postretirement plans, including changes in the mortality assumptions at December 31, 2014, and amortization of amounts previously recognized in Accumulated other comprehensive income (loss). See Note 8 to the Consolidated Financial Statements.
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CITIGROUP INC

Ticker: C   Fiscal Year: 2014

CONSOLIDATED STATEMENT OF CASH FLOWS

Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2014Dec 31, 2013Dec 31, 2012
Cash flows from operating activities of continuing operations
Net income before attribution of noncontrolling interests
$
7,498
13,9007,760
Net income attributable to noncontrolling interests185227219
Citigroups net income7,31313,6737,541
 
Loss from discontinued operations, net of taxes(2)(90)(57)
Gain (loss) on sale, net of taxes0360(1)
Income from continuing operations-excluding noncontrolling interests7,31513,4037,599
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations
Amortization of deferred policy acquisition costs and present value of future profits210194203
(Additions) reductions to deferred policy acquisition costs(64)(54)85
Depreciation and amortization3,5893,3032,507
Deferred tax provision (benefit)3,0142,380(4,091)
Provision for loan losses6,8287,60410,458
Realized gains from sales of investments(570)(748)(3,251)
Net impairment losses recognized in earnings4265354,971
Change in trading account assets(10,858)35,001(29,195)
Change in trading account liabilities30,274(6,787)(10,533)
Change in brokerage receivables net of brokerage payables(4,272)(6,490)945
Change in loans held-for-sale(1,144)4,321(1,106)
Change in other assets70913,332(530)
Change in other liabilities4,544(7,880)(1,457)
Other, net5,4335,13013,033
Total adjustments38,11949,841(17,961)
 
Net cash provided by (used in) operating activities of continuing operations45,43463,244(10,362)
 
Cash flows from investing activities of continuing operations
Change in deposits with banks40,916(66,871)53,650
Change in federal funds sold and securities borrowed or purchased under agreements to resell14,4674,27414,538
Change in loans1,170(30,198)(31,591)
Proceeds from sales and securitizations of loans4,7529,1237,287
Purchases of investments(258,992)(220,823)(256,907)
Proceeds from sales of investments135,824131,100143,853
Proceeds from maturities of investments94,11784,831102,020
Capital expenditures on premises and equipment and capitalized software(3,386)(3,490)(3,604)
Proceeds from sales of premises and equipment, subsidiaries and affiliates, and repossessed assets6237161,089
Net cash provided by (used in) investing activities of continuing operations29,491(91,338)30,335
 
Cash flows from financing activities of continuing operations
Dividends paid(633)(314)(143)
Issuance of preferred stock3,6994,1922,250
Redemption of preferred stock0(94)0
Treasury stock acquired(1,232)(837)(5)
Stock tendered for payment of withholding taxes(508)(452)(194)
Change in federal funds purchased and securities loaned or sold under agreements to repurchase(30,074)(7,724)12,863
Issuance of long-term debt66,83654,40527,843
Payments and redemptions of long-term debt(58,923)(63,994)(117,575)
Change in deposits(48,336)37,71364,624
Change in short-term borrowings(1,099)199(2,164)
Net cash provided by (used in) financing activities of continuing operations(70,270)23,094(12,501)
 
Effect of exchange rate changes on cash and cash equivalents(2,432)(1,558)274
Discontinued operations
Net cash used in discontinued operations0(10)6
Change in cash and due from banks2,223(6,568)7,752
 
Cash and due from banks at beginning of period29,88536,453
Cash and due from banks at end of period32,10829,88536,453
 
Supplemental disclosure of cash flow information for continuing operations
Cash paid during the year for income taxes4,6324,4953,900
Cash paid during the year for interest12,86814,38319,739
Non-cash investing activities
Change in loans due to consolidation/deconsolidation of VIEs(374)6,7180
Transfers to loans held-for-sale from loans12,70017,3008,700
Transfers to OREO and other repossessed assets321325500
Non-cash financing activities
Decrease in deposits associated with reclassification to HFS(20,605)00
Increase in short-term borrowings due to consolidation of VIEs5006,7180
Decrease in long-term debt due to deconsolidation of VIEs(864)00
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CITIGROUP INC

Ticker: C   Fiscal Year: 2014

CONSOLIDATED BALANCE SHEET

Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2014Dec 31, 2013
Assets
Cash and due from banks
$
32,108
29,885
Deposits with banks128,089169,005
Federal funds sold and securities borrowed or purchased under agreements to resell (including $144,191 and $144,083 as of December 31, 2014 and December 31, 2013, respectively, at fair value)242,570257,037
Brokerage receivables28,41925,674
Trading account assets (including $106,217 and $106,695 pledged to creditors at December 31, 2014 and December 31, 2013, respectively)296,786285,928
Investments, Excluding Trading [Abstract]
Available for Sale (including $13,808 and $22,258 pledged to creditors as of December 31, 2014 and December 31, 2013, respectively)300,143286,511
Held to Maturity (including $2,974 and $4,730 pledged to creditors as of December 31, 2014 and December 31, 2013, respectively)23,92110,599
Non-Marketable Equity Securities (including $2,758 and $4,705 at fair value as of December 31, 2014 and December 31, 2013 respectively)9,37911,870
Investments333,443308,980
 
Loans:
Loans, net of unearned income644,635665,472
Allowance for loan losses(15,994)(19,648)
Total loans, net628,641645,824
 
Goodwill23,59225,009
Intangible assets (other than MSRs)4,5665,056
Mortgage servicing rights (MSRs)1,8452,718
Other assets (including $7,762 and $7,123 as of December 31, 2014 and December 31, 2013, respectively, at fair value)122,471125,266
Total assets1,842,5301,880,382
 
Liabilities
Non-interest-bearing deposits in U.S. offices128,958128,399
Interest-bearing deposits in U.S. offices (including $994 and $988 as of December 31, 2014 and December 31, 2013, respectively, at fair value)284,978284,164
Non-interest-bearing deposits in offices outside the U.S.70,92569,406
Interest-bearing deposits in offices outside the U.S. (including $690 and $689 as of December 31, 2014 and December 31, 2013, respectively, at fair value)414,471486,304
Total deposits899,332968,273
 
Federal funds purchased and securities loaned or sold under agreements to repurchase (including $36,725 and $54,147 as of December 31, 2014 and December 31, 2013, respectively, at fair value)173,438203,512
Brokerage payables52,18053,707
Trading account liabilities139,036108,762
Short-term borrowings (including $1,496 and $3,692 as of December 31, 2014 and December 31, 2013, respectively, at fair value)58,33558,944
Long-term debt223,080221,116
Other liabilities (including $1,776 and $2,011 as of December 31, 2014 and December 31, 2013, respectively, at fair value)85,08459,935
Total liabilities1,630,4851,674,249
 
Stockholders equity
Preferred stock ($1.00 par value; authorized shares: 30 million), issued shares: 418,720 as of December 31, 2014 and 269,520 as of December 31, 2013, at aggregate liquidation value10,4686,738
Common stock ($0.01 par value; authorized shares: 6 billion), issued shares: 3,082,037,568 as of December 31, 2014 and 3,062,098,976 as of December 31, 20133131
Additional paid-in capital107,979107,193
Retained earnings118,201111,168
Treasury stock, at cost: December 31, 201458,119,993 shares and December 31, 201332,856,062 shares(2,929)(1,658)
Accumulated other comprehensive income (loss)(23,216)(19,133)
Total Citigroup stockholders equity210,534204,339
 
Noncontrolling interest1,5111,794
Total equity212,045206,133
 
Total liabilities and equity1,842,5301,880,382
 
Variable Interest Entities
Consolidated VIEs
Cash and due from banks300362
Trading account assets (including $106,217 and $106,695 pledged to creditors at December 31, 2014 and December 31, 2013, respectively)671977
Investments8,01410,950
 
Loans, net of unearned income95,97995,412
Allowance for loan losses(2,793)(3,502)
Total loans, net93,18691,910
 
Other assets (including $7,762 and $7,123 as of December 31, 2014 and December 31, 2013, respectively, at fair value)6191,234
Total assets102,790105,433
 
Short-term borrowings (including $1,496 and $3,692 as of December 31, 2014 and December 31, 2013, respectively, at fair value)20,25421,793
Long-term debt40,07834,743
Other liabilities (including $1,776 and $2,011 as of December 31, 2014 and December 31, 2013, respectively, at fair value)901999
Total liabilities61,23357,535
 
Receivable Type
Consumer
Variable Interest Entities
Consolidated VIEs
Loans, net of unearned income66,38363,493
Loans, net of unearned income369,970393,831
Corporate
Loans, net of unearned income29,59631,919
Loans, net of unearned income274,665271,641
External Links 
CITIGROUP INC (C) Fiscal Year 2014
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