10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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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 Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Interest revenue | $ 61,683 | 62,970 | 67,298 |
| Interest expense | 13,690 | 16,177 | 20,612 |
| Net interest revenue | 47,993 | 46,793 | 46,686 |
| Commissions and fees | 13,032 | 12,941 | 12,584 |
| Principal transactions | 6,698 | 7,302 | 4,980 |
| Administration and other fiduciary fees | 4,013 | 4,089 | 4,012 |
| Realized gains on sales of investments, net | 570 | 748 | 3,251 |
| Other-than-temporary impairment losses on investments | |||
| Gross impairment losses | (432) | (633) | (5,037) |
| Less: Impairments recognized in AOCI | 8 | 98 | 66 |
| Net impairment losses recognized in earnings | (424) | (535) | (4,971) |
| Insurance premiums | 2,110 | 2,280 | 2,395 |
| Other revenue | 2,890 | 2,801 | 253 |
| Total non-interest revenues | 28,889 | 29,626 | 22,504 |
| Total revenues, net of interest expense | 76,882 | 76,419 | 69,190 |
| Provisions for credit losses and for benefits and claims | |||
| Provision for loan losses | 6,828 | 7,604 | 10,458 |
| Policyholder benefits and claims | 801 | 830 | 887 |
| Provision (release) for unfunded lending commitments | (162) | 80 | (16) |
| Total provisions for credit losses and for benefits and claims | 7,467 | 8,514 | 11,329 |
| Operating expenses | |||
| Compensation and benefits | 23,959 | 23,967 | 25,119 |
| Premises and equipment | 3,178 | 3,165 | 3,266 |
| Technology/communication | 6,436 [1] | 6,136 | 5,829 |
| Advertising and marketing | 1,844 | 1,888 | 2,164 |
| Other operating | 19,634 | 13,252 | 13,658 |
| Total operating expenses | 55,051 | 48,408 | 50,036 |
| Income from continuing operations before income taxes | 14,364 | 19,497 | 7,825 |
| Provision for income taxes | 6,864 | 5,867 | 7 |
| Income from continuing operations | 7,500 | 13,630 | 7,818 |
| Discontinued operations | |||
| Income (loss) from discontinued operations | 10 | (242) | (109) |
| Gain on sale | 0 | 268 | (1) |
| Provision (benefit) for income taxes | 12 | (244) | (52) |
| Income (loss) from discontinued operations, net of taxes | (2) | 270 | (58) |
| Net income before attribution of noncontrolling interests | 7,498 | 13,900 | 7,760 |
| Noncontrolling interests | 185 | 227 | 219 |
| Citigroups net income | 7,313 | 13,673 | 7,541 |
| Basic earnings per share | |||
| Income from continuing operations (in dollars per share) | 2.21 | 4.27 | 2.53 |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | 0.00 | 0.09 | (0.02) [2] |
| Net income (in dollars per share) | 2.21 | 4.35 | 2.51 |
| Weighted average common shares outstanding (in shares) | 3,031,600 | 3,035,800 | 2,930,600 |
| Diluted earnings per share | |||
| Income from continuing operations (in dollars per share) | 2.20 | 4.26 | 2.46 |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | 0.00 | 0.09 | (0.02) |
| Net income (in dollars per share) | 2.20 | 4.35 | 2.44 |
| Adjusted weighted average common shares outstanding (in shares) | 3,037,000 | 3,041,600 | 3,015,500 |
| [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. | |||
| 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 |