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: 2019 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues | |||
| Interest revenue | $ 76,510 | 70,828 | 61,579 |
| Interest expense | 29,163 | 24,266 | 16,518 |
| Net interest revenue | 47,347 | 46,562 | 45,061 |
| Commissions and fees | 11,746 | 11,857 | 12,707 |
| Principal transactions | 8,892 | 8,905 | 8,940 |
| Administration and other fiduciary fees | 3,411 | 3,580 | 3,584 |
| Realized gains on sales of investments, net | 1,474 | 421 | 778 |
| Net impairment losses recognized in earnings | (32) | (132) | (63) |
| Other revenue | 1,448 | 1,661 | 1,437 |
| Total non-interest revenues | 26,939 | 26,292 | 27,383 |
| Total revenues, net of interest expense | 74,286 | 72,854 | 72,444 |
| Provisions for credit losses and for benefits and claims | |||
| Provision for loan losses | 8,218 | 7,354 | 7,503 |
| Policyholder benefits and claims | 73 | 101 | 109 |
| Provision (release) for unfunded lending commitments | 92 | 113 | (161) |
| Total provisions for credit losses and for benefits and claims | 8,383 | 7,568 | 7,451 |
| Operating expenses | |||
| Compensation and benefits | 21,433 | 21,154 | 21,181 |
| Premises and equipment | 2,328 | 2,324 | 2,453 |
| Technology/communication | 7,077 | 7,193 | 6,909 |
| Advertising and marketing | 1,516 | 1,545 | 1,608 |
| Other operating | 9,648 | 9,625 | 10,081 |
| Total operating expenses | 42,002 | 41,841 | 42,232 |
| Income (loss) from continuing operations before income taxes | 23,901 | 23,445 | 22,761 |
| Provision for income taxes | 4,430 | 5,357 | 29,388 |
| Income (loss) from continuing operations | 19,471 | 18,088 | (6,627) |
| Discontinued operations | |||
| Loss from discontinued operations | (31) | (26) | (104) |
| Provision (benefit) for income taxes | (27) | (18) | 7 |
| Loss from discontinued operations, net of taxes | (4) | (8) | (111) |
| Net income (loss) before attribution of noncontrolling interests | 19,467 | 18,080 | (6,738) |
| Noncontrolling interests | 66 | 35 | 60 |
| Citigroups net income (loss) | 19,401 | 18,045 | (6,798) |
| Basic earnings per share | |||
| Income (loss) from continuing operations (in dollars per share) | 8.08 | 6.69 | (2.94) [1] |
| Loss from discontinued operations, net of taxes (in dollars per share) | 0.00 | 0.00 | (0.04) |
| Net income (loss) (in dollars per share) | 8.08 | 6.69 | (2.98) |
| Weighted average common shares outstanding (in shares) | 2,249,200 | 2,493,300 | 2,698,500 |
| Diluted earnings per share | |||
| Income (loss) from continuing operations (in dollars per share) | 8.04 | 6.69 | (2.94) |
| Income (loss) from discontinued operations, net of taxes (in dollars per share) | 0.00 | 0.00 | (0.04) |
| Net income (loss) (in dollars per share) | 8.04 | 6.68 | (2.98) |
| Adjusted weighted average common shares outstanding (in shares) | 2,265,300 | 2,494,800 | 2,698,500 |
| [1] 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 2019 | |
| 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 |