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: 2017 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues | |||
| Interest revenue | $ 61,204 | 57,615 | 58,551 |
| Interest expense | 16,517 | 12,511 | 11,921 |
| Net interest revenue | 44,687 | 45,104 | 46,630 |
| Commissions and fees | 12,939 | 11,938 | 14,485 |
| Principal transactions | 9,168 | 7,585 | 6,008 |
| Administration and other fiduciary fees | 3,079 | 2,783 | 2,856 |
| Realized gains on sales of investments, net | 778 | 948 [1] | 682 |
| Other-than-temporary impairment losses on investments | |||
| Gross impairment losses | (63) | (620) | (265) |
| Less: Impairments recognized in AOCI | 0 | 0 | 0 |
| Net impairment losses recognized in earnings | (63) | (620) | (265) |
| Other revenue | 861 | 2,137 | 5,958 |
| Total non-interest revenues | 26,762 | 24,771 | 29,724 |
| Total revenues, net of interest expense | 71,449 | 69,875 | 76,354 |
| Provisions for credit losses and for benefits and claims | |||
| Provision for loan losses | 7,503 | 6,749 | 7,108 |
| Policyholder benefits and claims | 109 | 204 | 731 |
| Provision (release) for unfunded lending commitments | (161) | 29 | 74 |
| Total provisions for credit losses and for benefits and claims | 7,451 | 6,982 | 7,913 |
| Operating expenses | |||
| Compensation and benefits | 21,181 | 20,970 | 21,769 |
| Premises and equipment | 2,453 | 2,542 | 2,878 |
| Technology/communication | 6,891 | 6,685 | 6,581 |
| Advertising and marketing | 1,608 | 1,632 | 1,547 |
| Other operating | 9,104 | 9,587 | 10,840 |
| Total operating expenses | 41,237 | 41,416 | 43,615 |
| Income (loss) from continuing operations before income taxes | 22,761 | 21,477 | 24,826 |
| Provision for income taxes (benefits) | 29,388 | 6,444 | 7,440 |
| Income (loss) from continuing operations | (6,627) | 15,033 | 17,386 |
| Discontinued operations | |||
| Loss from discontinued operations | (104) | (80) | (83) |
| Provision (benefit) for income taxes | 7 | (22) | (29) |
| Loss from discontinued operations, net of taxes | (111) | (58) | (54) |
| Net income (loss) before attribution of noncontrolling interests | (6,738) | 14,975 | 17,332 |
| Noncontrolling interests | 60 | 63 | 90 |
| Citigroups net income (loss) | (6,798) | 14,912 | 17,242 |
| Basic earnings per share | |||
| Income (loss) from continuing operations (in dollars per share) | (2.94) | 4.74 | 5.43 |
| Loss from discontinued operations, net of taxes (in dollars per share) | (0.04) [2] | (0.02) | (0.02) |
| Net income (loss) (in dollars per share) | (2.98) | 4.72 | 5.41 |
| Weighted average common shares outstanding (in shares) | 2,698,500 | 2,888,100 | 3,004,000 |
| Diluted earnings per share | |||
| Income (loss) from continuing operations (in dollars per share) | (2.94) | 4.74 | 5.42 |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | (0.04) | (0.02) | (0.02) |
| Net income (loss) (in dollars per share) | (2.98) | 4.72 | 5.40 |
| Adjusted weighted average common shares outstanding (in shares) | 2,698,500 | 2,888,300 | 3,007,700 |
| [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 2017 | |
| 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 |