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: 2018 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 22, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues | |||
| Interest revenue | $ 70,828 | 61,579 | 57,988 |
| Interest expense | 24,266 | 16,518 | 12,512 |
| Net interest revenue | 46,562 | 45,061 | 45,476 |
| Commissions and fees | 11,857 | 12,707 | 11,678 |
| Principal transactions | 9,062 | 9,475 | 7,857 |
| Administration and other fiduciary fees | 3,580 | 3,584 | 3,294 |
| Realized gains on sales of investments, net | 421 | 778 | 949 |
| Impairment losses on investments | |||
| Gross impairment losses | (132) | (63) | (620) |
| Net impairment losses recognized in earnings | (132) | (63) | (620) |
| Other revenue | 1,504 | 902 | 2,163 |
| Total non-interest revenues | 26,292 | 27,383 | 25,321 |
| Total revenues, net of interest expense | 72,854 | 72,444 | 70,797 |
| Provisions for credit losses and for benefits and claims | |||
| Provision for loan losses | 7,354 | 7,503 | 6,749 |
| Policyholder benefits and claims | 101 | 109 | 204 |
| Provision (release) for unfunded lending commitments | 113 | (161) | 29 |
| Total provisions for credit losses and for benefits and claims | 7,568 | 7,451 | 6,982 |
| Operating expenses | |||
| Compensation and benefits | 21,154 | 21,181 | 20,970 |
| Premises and equipment | 2,324 [1] | 2,453 | 2,542 |
| Technology/communication | 7,193 | 6,909 | 6,701 |
| Advertising and marketing | 1,545 | 1,608 | 1,632 |
| Other operating | 9,625 | 10,081 | 10,493 |
| Total operating expenses | 41,841 | 42,232 | 42,338 |
| Income (loss) from continuing operations before income taxes | 23,445 | 22,761 | 21,477 |
| Provision for income taxes | 5,357 | 29,388 | 6,444 |
| Income (loss) from continuing operations | 18,088 | (6,627) | 15,033 |
| Discontinued operations | |||
| Loss from discontinued operations | (26) | (104) | (80) |
| Provision (benefit) for income taxes | (18) | 7 | (22) |
| Loss from discontinued operations, net of taxes | (8) | (111) | (58) |
| Net income (loss) before attribution of noncontrolling interests | 18,080 | (6,738) | 14,975 |
| Noncontrolling interests | 35 | 60 | 63 |
| Citigroups net income (loss) | 18,045 | (6,798) | 14,912 |
| Basic earnings per share | |||
| Income (loss) from continuing operations (in dollars per share) | 6.69 | (2.94) | 4.74 |
| Loss from discontinued operations, net of taxes (in dollars per share) | 0.00 | (0.04) | (0.02) |
| Net income (loss) (in dollars per share) | 6.69 | (2.98) | 4.72 |
| Weighted average common shares outstanding (in shares) | 2,493,300 | 2,698,500 | 2,888,100 |
| Diluted earnings per share | |||
| Income (loss) from continuing operations (in dollars per share) | 6.69 | (2.94) | 4.74 |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | 0.00 | (0.04) | (0.02) [2] |
| Net income (loss) (in dollars per share) | 6.68 | (2.98) | 4.72 |
| Adjusted weighted average common shares outstanding (in shares) | 2,494,800 | 2,698,500 | 2,888,300 |
| [1] Certain prior-period revenue and expense lines and totals were reclassified to conform to the current periods presentation. See Notes 1 and 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 2018 | |
| 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 |