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: 2016 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues | |||
| Interest revenue | $ 57,615 | 58,551 | 61,683 |
| Interest expense | 12,511 | 11,921 | 13,690 |
| Net interest revenue | 45,104 | 46,630 | 47,993 |
| Commissions and fees | 10,521 | 11,848 | 13,032 |
| Principal transactions | 7,585 | 6,008 | 6,698 |
| Administration and other fiduciary fees | 3,364 | 3,648 | 4,013 |
| Realized gains on sales of investments, net | 948 | 682 | 570 |
| Other-than-temporary impairment losses on investments | |||
| Gross impairment losses | (620) | (265) | (432) |
| Less: Impairments recognized in AOCI | 0 | 0 | 8 |
| Net impairment losses recognized in earnings | (620) [1] | (265) | (424) |
| Insurance premiums | 836 | 1,845 | 2,110 |
| Other revenue | 2,137 | 5,958 | 3,227 |
| Total non-interest revenues | 24,771 | 29,724 | 29,226 |
| Total revenues, net of interest expense | 69,875 | 76,354 | 77,219 |
| Provisions for credit losses and for benefits and claims | |||
| Provision for loan losses | 6,749 | 7,108 | 6,828 |
| Policyholder benefits and claims | 204 | 731 | 801 |
| Provision (release) for unfunded lending commitments | 29 | 74 | (162) |
| Total provisions for credit losses and for benefits and claims | 6,982 | 7,913 | 7,467 |
| Operating expenses | |||
| Compensation and benefits | 20,970 | 21,769 | 23,959 |
| Premises and equipment | 2,542 | 2,878 | 3,178 |
| Technology/communication | 6,685 | 6,581 | 6,436 |
| Advertising and marketing | 1,632 | 1,547 | 1,844 |
| Other operating | 9,587 | 10,840 | 19,634 |
| Total operating expenses | 41,416 | 43,615 | 55,051 |
| Income (loss) from continuing operations before income taxes | 21,477 | 24,826 | 14,701 |
| Provision for income taxes | 6,444 | 7,440 | 7,197 |
| Income from continuing operations | 15,033 | 17,386 | 7,504 |
| Discontinued operations | |||
| Income (loss) from discontinued operations | (80) | (83) | 10 |
| Provision (benefit) for income taxes | (22) | (29) | 12 |
| Loss from discontinued operations, net of taxes | (58) | (54) | (2) |
| Net income before attribution of noncontrolling interests | 14,975 | 17,332 | 7,502 |
| Noncontrolling interests | 63 | 90 | 192 |
| Citigroups net income | 14,912 | 17,242 | 7,310 |
| Basic | |||
| Income from continuing operations (in dollars per share) | 4.74 | 5.43 | 2.21 |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | (0.02) | (0.02) | 0.00 |
| Net income (in dollars per share) | 4.72 | 5.41 | 2.21 |
| Weighted average common shares outstanding (in shares) | 2,888,100 | 3,004,000 | 3,031,600 |
| Diluted | |||
| Income from continuing operations (in dollars per share) | 4.74 | 5.42 | 2.20 |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | (0.02) | (0.02) | 0.00 |
| Net income (in dollars per share) | 4.72 | 5.40 | 2.20 [2] |
| Adjusted weighted average common shares outstanding (in shares) | 2,888,300 | 3,007,700 | 3,037,000 |
| [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 2016 | |
| 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 |