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: 2015 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenues | |||
| Interest revenue | $ 58,551 | 61,683 | 62,970 |
| Interest expense | 11,921 | 13,690 | 16,177 |
| Net interest revenue | 46,630 | 47,993 | 46,793 |
| Commissions and fees | 11,848 | 13,032 | 12,941 |
| Principal transactions | 6,008 | 6,698 | 7,302 |
| Administration and other fiduciary fees | 3,648 | 4,013 | 4,089 |
| Realized gains on sales of investments, net | 682 | 570 | 748 |
| Other-than-temporary impairment losses on investments | |||
| Gross impairment losses | (265) | (432) | (633) |
| Less: Impairments recognized in AOCI | 0 | 8 | 98 |
| Net impairment (losses) recognized in earnings | (265) | (424) | (535) |
| Insurance premiums | 1,845 | 2,110 | 2,280 |
| Other revenue | 5,958 | 3,227 | 3,106 |
| Total non-interest revenues | 29,724 | 29,226 | 29,931 |
| Total revenues, net of interest expense | 76,354 | 77,219 | 76,724 |
| Provisions for credit losses and for benefits and claims | |||
| Provision for loan losses | 7,108 | 6,828 | 7,604 |
| Policyholder benefits and claims | 731 | 801 | 830 |
| Provision (release) for unfunded lending commitments | 74 | (162) | 80 |
| Total provisions for credit losses and for benefits and claims | 7,913 | 7,467 | 8,514 |
| Operating expenses | |||
| Compensation and benefits | 21,769 | 23,959 | 23,967 |
| Premises and equipment | 2,878 | 3,178 | 3,165 |
| Technology/communication | 6,581 | 6,436 | 6,136 |
| Advertising and marketing | 1,547 | 1,844 | 1,888 [1] |
| Other operating | 10,840 | 19,634 | 13,252 |
| Total operating expenses | 43,615 | 55,051 | 48,408 |
| Income from continuing operations before income taxes | 24,826 | 14,701 | 19,802 |
| Provision for income taxes | 7,440 | 7,197 | 6,186 |
| Income from continuing operations | 17,386 | 7,504 | 13,616 |
| Discontinued operations | |||
| Income (loss) from discontinued operations | (83) | 10 | (242) |
| Gain on sale | 0 | 0 | 268 |
| Provision (benefit) for income taxes | (29) | 12 | (244) |
| Income (loss) from discontinued operations, net of taxes | (54) | (2) | 270 |
| Net income before attribution of noncontrolling interests | 17,332 | 7,502 | 13,886 |
| Noncontrolling interests | 90 | 192 | 227 |
| Citigroups net income | 17,242 | 7,310 | 13,659 |
| Basic earnings per share | |||
| Income from continuing operations (in dollars per share) | 5.43 | 2.21 | 4.26 |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | (0.02) | 0.00 | 0.09 [2] |
| Net income (in dollars per share) | 5.41 | 2.21 | 4.35 |
| Weighted average common shares outstanding (in shares) | 3,004,000 | 3,031,600 | 3,035,800 |
| Diluted earnings per share | |||
| Income from continuing operations (in dollars per share) | 5.42 | 2.20 | 4.25 |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | (0.02) | 0.00 | 0.09 |
| Net income (in dollars per share) | 5.40 | 2.20 | 4.34 |
| Adjusted weighted average common shares outstanding (in shares) | 3,007,700 | 3,037,000 | 3,041,600 |
| [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 2015 | |
| 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 |