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: 2021 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 28, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues | |||
| Interest revenue | $ 50,475 | 58,089 | 76,510 |
| Interest expense | 7,981 | 13,338 | 28,382 |
| Net interest income | 42,494 | 44,751 | 48,128 |
| Commissions and fees | 13,672 | 11,385 | 11,746 |
| Principal transactions | 10,154 | 13,885 | 8,892 |
| Administration and other fiduciary fees | 3,943 | 3,472 | 3,411 |
| Realized gains on sales of investments, net | 665 | 1,756 | 1,474 |
| Impairment losses on investments: | |||
| Impairment losses on investments and other assets | (206) | (165) | (32) |
| Provision for credit losses on AFS debt securities | (3) | (3) | 0 |
| Net impairment losses recognized in earnings | (209) | (168) | (32) |
| Other revenue | 1,165 | 420 | 1,448 |
| Total non-interest revenues | 29,390 | 30,750 | 26,939 |
| Total revenues, net of interest expense | 71,884 | 75,501 | 75,067 |
| Provisions for credit losses and for benefits and claims | |||
| Provision for credit losses on loans | (3,103) | 15,922 | 8,218 |
| Provision for credit losses on held-to-maturity (HTM) debt securities | (3) | 7 | 0 |
| Provision for credit losses on other assets | 0 | 7 | 0 |
| Policyholder benefits and claims | 116 | 113 | 73 |
| Provision for credit losses on unfunded lending commitments | (788) | 1,446 | 92 |
| Total provisions for credit losses and for benefits and claims | (3,778) | 17,495 | 8,383 |
| Operating expenses | |||
| Compensation and benefits | 25,134 | 22,214 | 21,433 |
| Premises and equipment | 2,314 | 2,333 | 2,328 |
| Technology/communication | 7,828 | 7,383 | 7,077 |
| Advertising and marketing | 1,490 | 1,217 | 1,516 |
| Other operating | 11,427 | 11,227 | 10,429 |
| Total operating expenses | 48,193 | 44,374 | 42,783 |
| Income from continuing operations before income taxes | 27,469 | 13,632 | 23,901 |
| Provision for income taxes | 5,451 | 2,525 | 4,430 |
| Income from continuing operations | 22,018 | 11,107 | 19,471 |
| Discontinued operations | |||
| Income (loss) from discontinued operations | 7 | (20) | (31) |
| Benefit for income taxes | 0 | 0 | (27) |
| Income (loss) from discontinued operations, net of taxes | 7 | (20) | (4) |
| Net income before attribution of noncontrolling interests | 22,025 | 11,087 | 19,467 |
| Noncontrolling interests | 73 | 40 | 66 |
| Citigroups net income | 21,952 | 11,047 | 19,401 |
| Basic earnings per share | |||
| Income from continuing operations (in dollars per share) | 10.21 | 4.75 | 8.08 |
| Loss from discontinued operations, net of taxes (in dollars per share) | 0.00 | (0.01) | 0.00 |
| Net income (in dollars per share) | 10.21 | 4.74 | 8.08 [1] |
| Weighted average common shares outstanding (in shares) | 2,033,000 | 2,085,800 | 2,249,200 |
| Diluted earnings per share | |||
| Income from continuing operations (in dollars per share) | 10.14 | 4.73 | 8.04 |
| Loss from discontinued operations, net of taxes (in dollars per share) | 0.00 | (0.01) | 0.00 |
| Net income (in dollars per share) | 10.14 | 4.72 | 8.04 |
| Adjusted weighted average common shares outstanding (in shares) | 2,049,400 | 2,099,000 | 2,265,300 |
| [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 2021 | |
| 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 |