EX-99.2 3 a13-3021_1ex99d2.htm EX-99.2

Exhibit 99.2

 

 

GRAPHIC

 

 

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

4Q12

 

 

Page Number

Citigroup Consolidated

 

Financial Summary

1

Consolidated Statement of Income

2

Consolidated Balance Sheet

3

Segment Detail

 

Net Revenues

4

Income

5

 

 

Citicorp

 

 

 

Income Statement and Balance Sheet Data

6

Global Consumer Banking

7 - 8

North America

9 - 11

EMEA

12 - 13

Latin America

14 - 15

Asia

16 - 17

Institutional Clients Group (ICG)

18

Securities and Banking

19

Transaction Services

20

 

 

Corporate / Other

21

 

 

Regional Totals

 

North America

22

EMEA

23

Latin America

24

Asia

25

 

 

Citi Holdings

 

Income Statement and Balance Sheet Data

26

Brokerage and Asset Management

27

Local Consumer Lending

28 - 30

Special Asset Pool

31

 

 

Citigroup Supplemental Detail

 

Average Balances and Interest Rates

32

Deposits

33

Loans

 

Citicorp

34

Citi Holdings / Total Citigroup

35

Consumer Loan Delinquency Amounts and Ratios

 

90+ Days

36

30-89 Days

37

Allowance for Credit Losses

 

Total Citigroup

38

Consumer and Corporate

39 - 40

Components of Provision for Loan Losses

 

Citicorp

41

Citi Holdings / Total Citigroup

42

Non-Accrual Assets

 

Total Citigroup

43

Citicorp

44

Citi Holdings

45

 

 

Reconciliation of Non-GAAP Financial Measures

46

 



 

CITIGROUP — FINANCIAL SUMMARY

(In millions of dollars, except per share amounts, and as otherwise noted)

 

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

4Q12 Increase

 

Full

 

Full

 

FY 2012 vs.

 

 

 

4Q

 

1Q

 

2Q

 

3Q

 

4Q

 

(Decrease) from

 

Year

 

Year

 

FY 2011 Increase/

 

 

 

2011

 

2012

 

2012

 

2012

 

2012

 

3Q12

 

4Q11

 

2011

 

2012

 

(Decrease)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Revenues, Net of Interest Expense

 

$

17,174

 

$

19,406

 

$

18,642

 

$

13,951

 

$

18,174

 

30

%

6

%

$

78,353

 

$

70,173

 

(10

)%

Total Operating Expenses

 

13,211

 

12,319

 

12,134

 

12,220

 

13,845

 

13

%

5

%

50,933

 

50,518

 

(1

)%

Net Credit Losses

 

4,108

 

3,955

 

3,576

 

3,979

 

3,066

 

(23

)%

(25

)%

20,038

 

14,576

 

(27

)%

Credit Reserve Build / (Release)

 

(1,464

)

(1,127

)

(991

)

(1,468

)

(142

)

90

%

90

%

(8,265

)

(3,728

)

55

%

Provision for Unfunded Lending Commitments

 

(4

)

(38

)

7

 

(41

)

56

 

NM

 

NM

 

51

 

(16

)

NM

 

Provision for Benefits & Claims

 

234

 

229

 

214

 

225

 

219

 

(3

)%

(6

)%

972

 

887

 

(9

)%

Provision for Credit Losses and for Benefits and Claims

 

2,874

 

3,019

 

2,806

 

2,695

 

3,199

 

19

%

11

%

12,796

 

11,719

 

(8

)%

Income from Continuing Operations before Income Taxes

 

1,089

 

4,068

 

3,702

 

(964

)

1,130

 

NM

 

4

%

14,624

 

7,936

 

(46

)%

Income Taxes (benefits)

 

91

 

1,006

 

715

 

(1,488

)

(206

)

86

%

NM

 

3,521

 

27

 

(99

)%

Income from Continuing Operations

 

$

998

 

$

3,062

 

$

2,987

 

$

524

 

$

1,336

 

NM

 

34

%

$

11,103

 

$

7,909

 

(29

)%

Income (Loss) from Discontinued Operations, net of Taxes

 

 

(5

)

(1

)

(31

)

(112

)

NM

 

 

112

 

(149

)

NM

 

Net Income before Noncontrolling Interests

 

998

 

3,057

 

2,986

 

493

 

1,224

 

NM

 

23

%

11,215

 

7,760

 

(31

)%

Net Income Attributable to Noncontrolling Interests

 

42

 

126

 

40

 

25

 

28

 

12

%

(33

)%

148

 

219

 

48

%

Citigroup’s Net Income

 

$

956

 

$

2,931

 

$

2,946

 

$

468

 

$

1,196

 

NM

 

25

%

$

11,067

 

$

7,541

 

(32

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

0.31

 

$

0.96

 

$

0.95

 

$

0.16

 

$

0.42

 

NM

 

35

%

$

3.59

 

$

2.49

 

(31

)%

Citigroup’s Net Income

 

$

0.31

 

$

0.95

 

$

0.95

 

$

0.15

 

$

0.38

 

NM

 

23

%

$

3.63

 

$

2.44

 

(33

)%

Shares (in millions) (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Basic

 

2,915.2

 

2,926.2

 

2,926.6

 

2,926.8

 

2,942.7

 

1

%

1

%

2,909.8

 

2,930.6

 

1

%

Average Diluted

 

3,003.0

 

3,014.5

 

3,015.0

 

3,015.3

 

3,017.0

 

 

 

2,998.8

 

3,015.5

 

1

%

Common Shares Outstanding, at period end

 

2,923.9

 

2,932.2

 

2,932.5

 

2,932.5

 

3,028.9

 

3

%

4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred Dividends - Basic

 

$

9

 

$

4

 

$

9

 

$

4

 

$

9

 

 

 

 

 

$

26

 

$

26

 

 

Preferred Dividends - Diluted

 

$

9

 

$

4

 

$

9

 

$

4

 

$

9

 

 

 

 

 

$

26

 

$

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Allocated to Unrestricted Common Shareholders - Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

930

 

$

2,878

 

$

2,869

 

$

484

 

$

1,269

 

NM

 

36

%

$

10,745

 

$

7,495

 

(30

)%

Citigroup’s Net Income

 

$

930

 

$

2,873

 

$

2,868

 

$

453

 

$

1,160

 

NM

 

25

%

$

10,855

 

$

7,349

 

(32

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Allocated to Unrestricted Common Shareholders - Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

933

 

$

2,882

 

$

2,873

 

$

485

 

$

1,271

 

NM

 

36

%

$

10,762

 

$

7,506

 

(30

)%

Citigroup’s Net Income

 

$

933

 

$

2,877

 

$

2,872

 

$

455

 

$

1,161

 

NM

 

24

%

$

10,872

 

$

7,360

 

(32

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Ratios:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Common Ratio

 

11.80

%

12.50

%

12.71

%

12.73

%

12.7

%*

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital Ratio

 

13.55

%

14.26

%

14.46

%

13.92

%

14.1

%*

 

 

 

 

 

 

 

 

 

 

Total Capital Ratio

 

16.99

%

17.64

%

17.70

%

17.12

%

17.3

%*

 

 

 

 

 

 

 

 

 

 

Leverage Ratio

 

7.19

%

7.55

%

7.66

%

7.39

%

7.5

%*

 

 

 

 

 

 

 

 

 

 

Return on Average Common Equity

 

2.1

%

6.5

%

6.5

%

1.0

%

2.5

%*

 

 

 

 

6.3

%

4.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Data, EOP (in billions of dollars, except Book Value per Share):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets

 

$

1,873.9

 

$

1,944.4

 

$

1,916.5

 

$

1,931.3

 

$

1,864.7

*

(3

)%

 

 

 

 

 

 

 

Total Deposits

 

865.9

 

906.0

 

914.3

 

944.6

 

930.6

*

(1

)%

7

%

 

 

 

 

 

 

Citigroup’s Stockholders’ Equity

 

177.8

 

181.8

 

183.9

 

186.8

 

189.0

*

1

%

6

%

 

 

 

 

 

 

Citigroup Equity and Trust Preferred Securities (included in LT Debt)

 

193.9

 

197.9

 

199.9

 

197.3

 

199.0

*

1

%

3

%

 

 

 

 

 

 

Book Value Per Share (2)

 

$

60.70

 

$

61.90

 

$

62.61

 

$

63.59

 

$

61.57

*

(3

)%

1

%

 

 

 

 

 

 

Tangible Book Value Per Share (2) 

 

$

49.74

 

$

50.90

 

$

51.81

 

$

52.69

 

$

51.19

*

(3

)%

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct Staff (in thousands)

 

266

 

263

 

261

 

262

 

259

 

(1

)%

(3

)%

 

 

 

 

 

 

 


(1)

Citi’s basic and end-of-period shares increased in the fourth quarter 2012 as compared to the third quarter 2012 due to the issuance of approximately 96 million shares of common stock during the quarter upon the automatic settlement of the T-DECS issued in December 2009, as previously announced.

 

 

(2)

Citi’s book value and tangible book value per share each declined in the fourth quarter 2012 as compared to the third quarter 2012 due to the settlement of the T-DECS (see footnote 1 above). Tangible book value per share is a non-GAAP financial measure. See page 46 for a reconciliation of this measure.

 

Note:  Ratios and returns are calculated based on the displayed numbers.

NM  Not meaningful

*   Preliminary

Reclassified to conform to the current period’s presentation.

 

1



 

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

 

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

4Q12 Increase

 

Full

 

Full

 

FY 2012 vs.

 

 

 

4Q

 

1Q

 

2Q

 

3Q

 

4Q

 

(Decrease) from

 

Year

 

Year

 

FY 2011 Increase/

 

 

 

2011

 

2012

 

2012

 

2012

 

2012

 

3Q12

 

4Q11

 

2011

 

2012

 

(Decrease)

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest revenue

 

$

17,795

 

$

17,537

 

$

16,889

 

$

16,934

 

$

16,778

 

(1

)%

(6

)%

$

72,681

 

$

68,138

 

(6

)%

Interest expense

 

5,712

 

5,590

 

5,296

 

5,021

 

4,628

 

(8

)%

(19

)%

24,234

 

20,535

 

(15

)%

Net interest revenue

 

12,083

 

11,947

 

11,593

 

11,913

 

12,150

 

2

%

1

%

48,447

 

47,603

 

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions and fees

 

2,882

 

3,138

 

3,079

 

3,304

 

3,405

 

3

%

18

%

12,850

 

12,926

 

1

%

Principal transactions

 

(652

)

1,931

 

1,640

 

976

 

234

 

(76

)%

NM

 

7,234

 

4,781

 

(34

)%

Administrative and other fiduciary fees

 

885

 

981

 

1,037

 

974

 

1,020

 

5

%

15

%

3,995

 

4,012

 

 

Realized gains (losses) on investments

 

69

 

1,925

 

273

 

615

 

438

 

(29

)%

NM

 

1,997

 

3,251

 

63

%

Other-than temporary impairment losses on investments and other assets (1) 

 

(230

)

(1,305

)

(128

)

(3,470

)

(68

)

98

%

70

%

(2,254

)

(4,971

)

NM

 

Insurance premiums

 

633

 

635

 

621

 

616

 

604

 

(2

)%

(5

)%

2,647

 

2,476

 

(6

)%

Other revenue (2)

 

1,504

 

154

 

527

 

(977

)

391

 

NM

 

(74

)%

3,437

 

95

 

(97

)%

Total non-interest revenues

 

5,091

 

7,459

 

7,049

 

2,038

 

6,024

 

NM

 

18

%

29,906

 

22,570

 

(25

)%

Total revenues, net of interest expense

 

17,174

 

19,406

 

18,642

 

13,951

 

18,174

 

30

%

6

%

78,353

 

70,173

 

(10

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provisions for Credit Losses and for Benefits and Claims

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net credit losses

 

4,108

 

3,955

 

3,576

 

3,979

 

3,066

 

(23

)%

(25

)%

20,038

 

14,576

 

(27

)%

Credit reserve build / (release)

 

(1,464

)

(1,127

)

(991

)

(1,468

)

(142

)

90

%

90

%

(8,265

)

(3,728

)

55

%

Provision for loan losses

 

2,644

 

2,828

 

2,585

 

2,511

 

2,924

 

16

%

11

%

11,773

 

10,848

 

(8

)%

Policyholder benefits and claims

 

234

 

229

 

214

 

225

 

219

 

(3

)%

(6

)%

972

 

887

 

(9

)%

Provision for unfunded lending commitments

 

(4

)

(38

)

7

 

(41

)

56

 

NM

 

NM

 

51

 

(16

)

NM

 

Total provisions for credit losses and for benefits and claims

 

2,874

 

3,019

 

2,806

 

2,695

 

3,199

 

19

%

11

%

12,796

 

11,719

 

(8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

6,387

 

6,385

 

6,127

 

6,132

 

6,560

 

7

%

3

%

25,688

 

25,204

 

(2

)%

Premises and Equipment

 

809

 

799

 

806

 

846

 

831

 

(2

)%

3

%

3,326

 

3,282

 

(1

)%

Technology / communication expense

 

1,338

 

1,382

 

1,481

 

1,465

 

1,586

 

8

%

19

%

5,133

 

5,914

 

15

%

Advertising and marketing expense

 

687

 

503

 

591

 

605

 

525

 

(13

)%

(24

)%

2,346

 

2,224

 

(5

)%

Other operating

 

3,990

 

3,250

 

3,129

 

3,172

 

4,343

 

37

%

9

%

14,440

 

13,894

 

(4

)%

Total operating expenses

 

13,211

 

12,319

 

12,134

 

12,220

 

13,845

 

13

%

5

%

50,933

 

50,518

 

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations before Income Taxes

 

1,089

 

4,068

 

3,702

 

(964

)

1,130

 

NM

 

4

%

14,624

 

7,936

 

(46

)%

Provision (benefits) for income taxes

 

91

 

1,006

 

715

 

(1,488

)

(206

)

86

%

NM

 

3,521

 

27

 

(99

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

998

 

3,062

 

2,987

 

524

 

1,336

 

NM

 

34

%

11,103

 

7,909

 

(29

)%

Discontinued Operations (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) from Discontinued Operations

 

(15

)

(3

)

 

(46

)

(170

)

 

 

 

 

23

 

(219

)

 

 

Gain (Loss) on Sale

 

9

 

(1

)

 

 

 

 

 

 

 

155

 

(1

)

 

 

Provision (benefits) for income taxes

 

(6

)

1

 

1

 

(15

)

(58

)

 

 

 

 

66

 

(71

)

 

 

Income (Loss) from Discontinued Operations, net of taxes

 

 

(5

)

(1

)

(31

)

(112

)

NM

 

 

112

 

(149

)

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income before Noncontrolling Interests

 

998

 

3,057

 

2,986

 

493

 

1,224

 

NM

 

23

%

11,215

 

7,760

 

(31

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income attributable to noncontrolling interests

 

42

 

126

 

40

 

25

 

28

 

12

%

(33

)%

148

 

219

 

48

%

Citigroup’s Net Income

 

$

956

 

$

2,931

 

$

2,946

 

$

468

 

$

1,196

 

NM

 

25

%

$

11,067

 

$

7,541

 

(32

)%

 


(1)

First quarter of 2012 includes the recognition of a $1,181 million impairment charge related to the carrying value of Citi’s investment in Akbank T.A.S. Third quarter of 2012 includes the recognition of a $3,340 million impairment charge related to the carrying value of Citi’s remaining 35% investment in the Morgan Stanley Smith Barney joint venture (MSSB JV).

 

 

(2)

Third quarter of 2012 also includes a non-cash charge of $1,344 million, representing a loss on Citi’s sale of the 14% interest in the MSSB JV to Morgan Stanley.

 

 

(3)

Discontinued operations primarily includes:

 

a)

During the third quarter of 2012, Citi executed definitive agreements to transition a carve-out of its liquid strategies business within Citi Capital Advisors to certain employees responsible for managing those operations.

 

b)

In the fourth quarter of 2012, residual amounts related to the sale of the Egg Credit Card business and Citi Capital Advisors.

 

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

 

2


 


 

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

 

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

4Q12 Increase

 

 

 

December 31,

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

(Decrease) from

 

 

 

2011

 

2012

 

2012

 

2012

 

2012 (1)

 

3Q12

 

4Q11

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks (including segregated cash and other deposits)

 

$

28,701

 

$

26,505

 

$

33,927

 

$

33,802

 

$

36,453

 

8

%

27

%

Deposits with banks

 

155,784

 

183,949

 

155,054

 

170,028

 

102,134

 

(40

)%

(34

)%

Fed funds sold and securities borr’d or purch under agree. to resell

 

275,849

 

289,057

 

272,664

 

277,542

 

261,311

 

(6

)%

(5

)%

Brokerage receivables

 

27,777

 

39,443

 

35,340

 

31,077

 

22,490

 

(28

)%

(19

)%

Trading account assets

 

291,734

 

307,050

 

310,246

 

315,201

 

320,929

 

2

%

10

%

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale and non-marketable equity securities

 

281,930

 

287,197

 

294,577

 

284,531

 

302,196

 

6

%

7

%

Held-to-maturity

 

11,483

 

10,126

 

11,349

 

10,943

 

10,130

 

(7

)%

(12

)%

Total Investments

 

293,413

 

297,323

 

305,926

 

295,474

 

312,326

 

6

%

6

%

Loans, net of unearned income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

423,340

 

416,103

 

409,127

 

407,752

 

408,671

 

 

(3

)%

Corporate

 

223,902

 

231,919

 

245,841

 

250,671

 

246,793

 

(2

)%

10

%

Loans, net of unearned income

 

647,242

 

648,022

 

654,968

 

658,423

 

655,464

 

 

1

%

Allowance for loan losses

 

(30,115

)

(29,020

)

(27,611

)

(25,916

)

(25,455

)

2

%

15

%

Total loans, net

 

617,127

 

619,002

 

627,357

 

632,507

 

630,009

 

0

%

2

%

Goodwill

 

25,413

 

25,810

 

25,483

 

25,915

 

25,673

 

(1

)%

1

%

Intangible assets (other than MSRs)

 

6,600

 

6,413

 

6,156

 

5,963

 

5,697

 

(4

)%

(14

)%

Mortgage servicing rights (MSRs)

 

2,569

 

2,691

 

2,117

 

1,920

 

1,942

 

1

%

(24

)%

Other assets

 

148,911

 

147,180

 

142,181

 

141,873

 

145,660

 

3

%

(2

)%

Assets related to discontinued operations held for sale

 

 

 

 

44

 

36

 

(18

)%

 

Total assets

 

$

1,873,878

 

$

1,944,423

 

$

1,916,451

 

$

1,931,346

 

$

1,864,660

 

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest-bearing deposits in U.S. offices

 

$

119,437

 

$

122,305

 

$

120,324

 

$

133,981

 

$

129,657

 

(3

)%

9

%

Interest-bearing deposits in U.S. offices

 

223,851

 

228,357

 

233,696

 

239,574

 

247,716

 

3

%

11

%

Total U.S. Deposits

 

343,288

 

350,662

 

354,020

 

373,555

 

377,373

 

1

%

10

%

Non-interest-bearing deposits in offices outside the U.S.

 

57,357

 

60,691

 

59,745

 

63,792

 

65,024

 

2

%

13

%

Interest-bearing deposits in offices outside the U.S.

 

465,291

 

494,659

 

500,543

 

507,297

 

488,163

 

(4

)%

5

%

Total International Deposits

 

522,648

 

555,350

 

560,288

 

571,089

 

553,187

 

(3

)%

6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total deposits

 

865,936

 

906,012

 

914,308

 

944,644

 

930,560

 

(1

)%

7

%

Fed funds purch and securities loaned or sold under agree. to repurch.

 

198,373

 

226,008

 

214,851

 

224,370

 

211,236

 

(6

)%

6

%

Brokerage payables

 

56,696

 

56,966

 

59,133

 

55,376

 

57,013

 

3

%

1

%

Trading account liabilities

 

126,082

 

135,956

 

128,818

 

129,990

 

115,549

 

(11

)%

(8

)%

Short-term borrowings

 

54,441

 

55,611

 

58,698

 

49,164

 

52,027

 

6

%

(4

)%

Long-term debt

 

323,505

 

311,079

 

288,334

 

271,862

 

239,463

 

(12

)%

(26

)%

Other liabilities (2)

 

69,272

 

69,068

 

66,470

 

67,202

 

67,815

 

1

%

(2

)%

Liabilities related to discontinued operations held for sale

 

 

 

 

 

 

 

 

Total liabilities

 

$

1,694,305

 

$

1,760,700

 

$

1,730,612

 

$

1,742,608

 

$

1,673,663

 

(4

)%

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred Stock

 

$

312

 

$

312

 

$

312

 

$

312

 

$

2,562

 

NM

 

NM

 

Common Stock

 

29

 

29

 

29

 

29

 

30

 

3

%

3

%

Additional paid-in capital

 

105,804

 

105,787

 

105,962

 

106,203

 

106,391

 

 

1

%

Retained earnings

 

90,520

 

93,310

 

96,216

 

96,650

 

97,809

 

1

%

8

%

Treasury stock

 

(1,071

)

(883

)

(859

)

(851

)

(847

)

 

21

%

Accumulated other comprehensive income (loss)

 

(17,788

)

(16,735

)

(17,749

)

(15,566

)

(16,896

)

(9

)%

5

%

Total Common Equity

 

$

177,494

 

$

181,508

 

$

183,599

 

$

186,465

 

$

186,487

 

 

5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Citigroup stockholders’ equity

 

$

177,806

 

$

181,820

 

$

183,911

 

$

186,777

 

$

189,049

 

1

%

6

%

Noncontrolling interests

 

1,767

 

1,903

 

1,928

 

1,961

 

1,948

 

(1

)%

10

%

Total equity

 

179,573

 

183,723

 

185,839

 

188,738

 

190,997

 

1

%

6

%

Total liabilities and equity

 

$

1,873,878

 

$

1,944,423

 

$

1,916,451

 

$

1,931,346

 

$

1,864,660

 

(3

)%

 

 


(1)

Preliminary

 

 

(2)

Includes allowance for credit losses for letters of credit and unfunded lending commitments of $1,136 million for the fourth quarter of 2011, $1,097 million for the first quarter of 2012, $1,104 million for the second quarter of 2012, $1,063 million for the third quarter of 2012 and $1,119 million for the fourth quarter of 2012, respectively.

 

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

 

3


 


 

CITIGROUP

SEGMENT DETAIL

NET REVENUE

(In millions of dollars)

 

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

4Q12 Increase

 

Full

 

Full

 

FY 2012 vs.

 

 

 

4Q

 

1Q

 

2Q

 

3Q

 

4Q

 

(Decrease) from

 

Year

 

Year

 

FY 2011 Increase/

 

 

 

2011

 

2012

 

2012

 

2012

 

2012

 

3Q12

 

4Q11

 

2011

 

2012

 

(Decrease)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITICORP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Consumer Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

5,167

 

$

5,198

 

$

5,135

 

$

5,402

 

$

5,346

 

(1

)%

3

%

$

20,159

 

$

21,081

 

5

%

EMEA

 

348

 

378

 

366

 

381

 

391

 

3

%

12

%

1,558

 

1,516

 

(3

)%

Latin America

 

2,350

 

2,441

 

2,322

 

2,419

 

2,520

 

4

%

7

%

9,469

 

9,702

 

2

%

Asia

 

2,020

 

1,997

 

1,948

 

1,978

 

1,992

 

1

%

(1

)%

8,009

 

7,915

 

(1

)%

Total

 

9,885

 

10,014

 

9,771

 

10,180

 

10,249

 

1

%

4

%

39,195

 

40,214

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities and Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

660

 

1,348

 

1,926

 

1,439

 

1,391

 

(3

)%

NM

 

7,558

 

6,104

 

(19

)%

EMEA

 

1,219

 

1,954

 

1,609

 

1,511

 

1,343

 

(11

)%

10

%

7,221

 

6,417

 

(11

)%

Latin America

 

579

 

755

 

757

 

802

 

705

 

(12

)%

22

%

2,370

 

3,019

 

27

%

Asia

 

736

 

1,218

 

1,113

 

1,018

 

854

 

(16

)%

16

%

4,274

 

4,203

 

(2

)%

Total

 

3,194

 

5,275

 

5,405

 

4,770

 

4,293

 

(10

)%

34

%

21,423

 

19,743

 

(8

)%

Transaction Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

605

 

641

 

665

 

623

 

635

 

2

%

5

%

2,444

 

2,564

 

5

%

EMEA

 

858

 

894

 

930

 

867

 

885

 

2

%

3

%

3,486

 

3,576

 

3

%

Latin America

 

413

 

451

 

455

 

447

 

444

 

(1

)%

8

%

1,713

 

1,797

 

5

%

Asia

 

748

 

757

 

757

 

721

 

685

 

(5

)%

(8

)%

2,936

 

2,920

 

(1

)%

Total

 

2,624

 

2,743

 

2,807

 

2,658

 

2,649

 

 

1

%

10,579

 

10,857

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate / Other

 

383

 

500

 

(265

)

33

 

(76

)

NM

 

NM

 

885

 

192

 

(78

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Citicorp

 

16,086

 

18,532

 

17,718

 

17,641

 

17,115

 

(3

)%

6

%

72,082

 

71,006

 

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITI HOLDINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brokerage and Asset Management

 

43

 

(46

)

87

 

(4,804

)

64

 

NM

 

49

%

282

 

(4,699

)

NM

 

Local Consumer Lending

 

1,279

 

1,326

 

931

 

1,104

 

1,005