EX-99.2 3 a14-3634_1ex99d2.htm EX-99.2

Exhibit 99.2

GRAPHIC

 

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

4Q13

 

 

Page

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

Consumer Key Indicators

27 - 28

 

 

Citigroup Supplemental Detail

 

Average Balances and Interest Rates

29

Deposits

30

Loans

 

Citicorp

31

Citi Holdings / Total Citigroup

32

Consumer Loan Delinquency Amounts and Ratios

 

90+ Days

33

30-89 Days

34

Allowance for Credit Losses

 

Total Citigroup

35

Consumer and Corporate

36 - 37

Components of Provision for Loan Losses

 

Citicorp

38

Citi Holdings / Total Citigroup

39

Non-Accrual Assets

 

Total Citigroup

40

Citicorp

41

Citi Holdings

42

 

 

Reconciliation of Non-GAAP Financial Measures

43

 



 

CITIGROUP — FINANCIAL SUMMARY

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

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

4Q13 Increase

 

Full

 

Full

 

FY 2013 vs.

 

 

 

4Q

 

1Q

 

2Q

 

3Q

 

4Q

 

(Decrease) from

 

Year

 

Year

 

FY 2012 Increase/

 

 

 

2012

 

2013

 

2013

 

2013

 

2013

 

3Q13

 

4Q12

 

2012

 

2013

 

(Decrease)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Revenues, Net of Interest Expense

 

$

17,917

 

$

20,227

 

$

20,479

 

$

17,880

 

$

17,780

 

(1

)%

(1

)%

$

69,128

 

$

76,366

 

10

%

Total Operating Expenses

 

13,709

 

12,267

 

12,140

 

11,655

 

11,933

 

2

%

(13

)%

49,974

 

47,995

 

(4

)%

Net Credit Losses

 

2,985

 

2,878

 

2,608

 

2,430

 

2,547

 

5

%

(15

)%

14,231

 

10,463

 

(26

)%

Credit Reserve Build / (Release)

 

(147

)

(664

)

(781

)

(778

)

(636

)

18

%

NM

 

(3,773

)

(2,859

)

24

%

Provision for Unfunded Lending Commitments

 

56

 

14

 

(3

)

103

 

(34

)

NM

 

NM

 

(16

)

80

 

NM

 

Provision for Benefits & Claims

 

219

 

231

 

200

 

204

 

195

 

(4

)%

(11

)%

887

 

830

 

(6

)%

Provision for Credit Losses and for Benefits and Claims

 

3,113

 

2,459

 

2,024

 

1,959

 

2,072

 

6

%

(33

)%

11,329

 

8,514

 

(25

)%

Income from Continuing Operations before Income Taxes

 

1,095

 

5,501

 

6,315

 

4,266

 

3,775

 

(12

)%

NM

 

7,825

 

19,857

 

NM

 

Income Taxes (benefits)

 

(214

)

1,570

 

2,127

 

1,080

 

1,215

 

13

%

NM

 

7

 

5,992

 

NM

 

Income from Continuing Operations

 

$

1,309

 

$

3,931

 

$

4,188

 

$

3,186

 

$

2,560

 

(20

)%

96

%

$

7,818

 

$

13,865

 

77

%

Income (Loss) from Discontinued Operations, net of Taxes

 

(85

)

(33

)

30

 

92

 

181

 

97

%

NM

 

(58

)

270

 

NM

 

Net Income before Noncontrolling Interests

 

1,224

 

3,898

 

4,218

 

3,278

 

2,741

 

(16

)%

NM

 

7,760

 

14,135

 

82

%

Net Income Attributable to Noncontrolling Interests

 

28

 

90

 

36

 

51

 

50

 

(2

)%

79

%

219

 

227

 

4

%

Citigroup’s Net Income

 

$

1,196

 

$

3,808

 

$

4,182

 

$

3,227

 

$

2,691

 

(17

)%

NM

 

$

7,541

 

$

13,908

 

84

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

0.41

 

$

1.24

 

$

1.33

 

$

0.98

 

$

0.79

 

(19

)%

93

%

$

2.46

 

$

4.33

 

76

%

Citigroup’s Net Income

 

$

0.38

 

$

1.23

 

$

1.34

 

$

1.00

 

$

0.85

 

(15

)%

NM

 

$

2.44

 

$

4.42

 

81

%

Shares (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Basic

 

2,942.7

 

3,040.1

 

3,040.7

 

3,034.3

 

3,028.0

 

 

3

%

2,930.6

 

3,035.8

 

4

%

Average Diluted

 

3,017.0

 

3,044.7

 

3,046.3

 

3,040.9

 

3,034.6

 

 

1

%

3,015.5

 

3,041.6

 

1

%

Common Shares Outstanding, at period end

 

3,028.9

 

3,042.9

 

3,041.0

 

3,033.0

 

3,029.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred Dividends - Basic

 

$

9

 

$

4

 

$

9

 

$

110

 

$

71

 

(35

)%

NM

 

$

26

 

$

194

 

NM

 

Preferred Dividends - Diluted

 

$

9

 

$

4

 

$

9

 

$

110

 

$

71

 

(35

)%

NM

 

$

26

 

$

194

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Allocated to Unrestricted Common Shareholders - Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

1,243

 

$

3,764

 

$

4,061

 

$

2,965

 

$

2,391

 

(19

)%

92

%

$

7,406

 

$

13,181

 

78

%

Citigroup’s Net Income

 

$

1,160

 

$

3,732

 

$

4,090

 

$

3,056

 

$

2,569

 

(16

)%

NM

 

$

7,349

 

$

13,446

 

83

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Allocated to Unrestricted Common Shareholders - Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

1,244

 

$

3,765

 

$

4,061

 

$

2,966

 

$

2,391

 

(19

)%

92

%

$

7,417

 

$

13,183

 

78

%

Citigroup’s Net Income

 

$

1,161

 

$

3,732

 

$

4,091

 

$

3,056

 

$

2,569

 

(16

)%

NM

 

$

7,360

 

$

13,447

 

83

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Ratios (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Common Ratio

 

12.67

%

11.84

%

12.16

%

12.68

%

12.6

%*

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital Ratio

 

14.06

%

13.09

%

13.24

%

13.64

%

13.6

%*

 

 

 

 

 

 

 

 

 

 

Total Capital Ratio

 

17.26

%

16.09

%

16.18

%

16.68

%

16.6

%*

 

 

 

 

 

 

 

 

 

 

Leverage Ratio

 

7.48

%

7.78

%

7.86

%

8.13

%

8.2

%*

 

 

 

 

 

 

 

 

 

 

Return on Average Assets

 

0.25

%

0.82

%

0.89

%

0.69

%

0.57

%*

 

 

 

 

0.40

%

0.74

%*

 

 

Efficiency Ratio

 

77

%

61

%

59

%

65

%

67

%

 

 

 

 

72

%

63

%*

 

 

Return on Average Common Equity

 

2.5

%

8.2

%

8.8

%

6.4

%

5.3

%*

 

 

 

 

4.1

%

7.1

%*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets

 

$

1,864.7

 

$

1,881.7

 

$

1,884.0

 

$

1,899.5

 

$

1,880.6

*

(1

)%

1

%

 

 

 

 

 

 

Total Average Assets

 

1,905.4

 

1,886.8

 

1,898.9

 

1,859.5

 

1,888.0

*

2

%

(1

)%

1,910.7

 

1,883.3

 

 

 

Total Deposits

 

930.6

 

933.8

 

938.4

 

955.5

 

968.3

*

1

%

4

%

 

 

 

 

 

 

Citigroup’s Stockholders’ Equity

 

189.0

 

193.4

 

195.9

 

200.8

 

204.6

*

2

%

8

%

 

 

 

 

 

 

Book Value Per Share

 

$

61.57

 

$

62.51

 

$

63.02

 

$

64.49

 

$

65.31

*

1

%

6

%

 

 

 

 

 

 

Tangible Book Value Per Share (2) 

 

$

51.19

 

$

52.35

 

$

53.10

 

$

54.52

 

$

55.38

*

2

%

8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct Staff (in thousands)

 

259

 

257

 

253

 

252

 

251

 

 

(3

)%

 

 

 

 

 

 

 


(1)  2013 Basel I capital ratios reflect the final revised U.S. market risk capital rules (Basel II.5) that were effective beginning on January 1, 2013.

(2)  Tangible book value per share is a non-GAAP financial measure.  See page 43 for a reconciliation of this measure.

 

*      Preliminary

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

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

 

1



 

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

4Q13 Increase

 

Full

 

Full

 

FY 2013 vs.

 

 

 

4Q

 

1Q

 

2Q

 

3Q

 

4Q

 

(Decrease) from

 

Year

 

Year

 

FY 2012 Increase/

 

 

 

2012

 

2013

 

2013

 

2013

 

2013

 

3Q13

 

4Q12

 

2012

 

2013

 

(Decrease)

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest revenue

 

$

16,581

 

$

15,960

 

$

15,840

 

$

15,463

 

$

15,707

 

2

%

(5

)%

$

67,298

 

$

62,970

 

(6

)%

Interest expense

 

4,665

 

4,330

 

4,158

 

3,952

 

3,737

 

(5

)%

(20

)%

20,612

 

16,177

 

(22

)%

Net interest revenue

 

11,916

 

11,630

 

11,682

 

11,511

 

11,970

 

4

%

 

46,686

 

46,793

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions and fees

 

3,355

 

3,479

 

3,344

 

3,095

 

3,195

 

3

%

(5

)%

12,732

 

13,113

 

3

%

Principal transactions

 

234

 

2,447

 

2,640

 

1,101

 

933

 

(15

)%

NM

 

4,781

 

7,121

 

49

%

Administrative and other fiduciary fees

 

1,020

 

1,068

 

1,083

 

968

 

970

 

 

(5

)%

4,012

 

4,089

 

2

%

Realized gains (losses) on investments

 

438

 

450

 

251

 

63

 

(16

)

NM

 

NM

 

3,251

 

748

 

(77

)%

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

 

(68

)

(261

)

(162

)

(39

)

(73

)

(87

)%

(7

)%

(4,971

)

(535

)

89

%

Insurance premiums

 

585

 

590

 

582

 

556

 

552

 

(1

)%

(6

)%

2,395

 

2,280

 

(5

)%

Other revenue (2)

 

437

 

824

 

1,059

 

625

 

249

 

(60

)%

(43

)%

242

 

2,757

 

NM

 

Total non-interest revenues

 

6,001

 

8,597

 

8,797

 

6,369

 

5,810

 

(9

)%

(3

)%

22,442

 

29,573

 

32

%

Total revenues, net of interest expense

 

17,917

 

20,227

 

20,479

 

17,880

 

17,780

 

(1

)%

(1

)%

69,128

 

76,366

 

10

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provisions for Credit Losses and for Benefits and Claims

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net credit losses

 

2,985

 

2,878

 

2,608

 

2,430

 

2,547

 

5

%

(15

)%

14,231

 

10,463

 

(26

)%

Credit reserve build / (release)

 

(147

)

(664

)

(781

)

(778

)

(636

)

18

%

NM

 

(3,773

)

(2,859

)

24

%

Provision for loan losses

 

2,838

 

2,214

 

1,827

 

1,652

 

1,911

 

16

%

(33

)%

10,458

 

7,604

 

(27

)%

Policyholder benefits and claims

 

219

 

231

 

200

 

204

 

195

 

(4

)%

(11

)%

887

 

830

 

(6

)%

Provision for unfunded lending commitments

 

56

 

14

 

(3

)

103

 

(34

)

NM

 

NM

 

(16

)

80

 

NM

 

Total provisions for credit losses and for benefits and claims

 

3,113

 

2,459

 

2,024

 

1,959

 

2,072

 

6

%

(33

)%

11,329

 

8,514

 

(25

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

6,539

 

6,335

 

6,075

 

5,828

 

5,769

 

(1

)%

(12

)%

25,119

 

24,007

 

(4

)%

Premises and Equipment

 

827

 

844

 

762

 

763

 

796

 

4

%

(4

)%

3,266

 

3,165

 

(3

)%

Technology / communication expense

 

1,565

 

1,530

 

1,486

 

1,568

 

1,552

 

(1

)%

(1

)%

5,829

 

6,136

 

5

%

Advertising and marketing expense

 

513

 

449

 

480

 

458

 

501

 

9

%

(2

)%

2,164

 

1,888

 

(13

)%

Other operating

 

4,265

 

3,109

 

3,337

 

3,038

 

3,315

 

9

%

(22

)%

13,596

 

12,799

 

(6

)%

Total operating expenses

 

13,709

 

12,267

 

12,140

 

11,655

 

11,933

 

2

%

(13

)%

49,974

 

47,995

 

(4

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations before Income Taxes

 

1,095

 

5,501

 

6,315

 

4,266

 

3,775

 

(12

)%

NM

 

7,825

 

19,857

 

NM

 

Provision (benefits) for income taxes

 

(214

)

1,570

 

2,127

 

1,080

 

1,215

 

13

%

NM

 

7

 

5,992

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

1,309

 

3,931

 

4,188

 

3,186

 

2,560

 

(20

)%

96

%

7,818

 

13,865

 

77

%

Discontinued Operations (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) from Discontinued Operations

 

(136

)

(103

)

51

 

33

 

(223

)

 

 

 

 

(109

)

(242

)

 

 

Gain (Loss) on Sale

 

 

56

 

 

6

 

206

 

 

 

 

 

(1

)

268

 

 

 

Provision (benefits) for income taxes

 

(51

)

(14

)

21

 

(53

)

(198

)

 

 

 

 

(52

)

(244

)

 

 

Income (Loss) from Discontinued Operations, net of taxes

 

(85

)

(33

)

30

 

92

 

181

 

97

%

NM

 

(58

)

270

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income before Noncontrolling Interests

 

1,224

 

3,898

 

4,218

 

3,278

 

2,741

 

(16

)%

NM

 

7,760

 

14,135

 

82

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income attributable to noncontrolling interests

 

28

 

90

 

36

 

51

 

50

 

(2

)%

79

%

219

 

227

 

4

%

Citigroup’s Net Income

 

$

1,196

 

$

3,808

 

$

4,182

 

$

3,227

 

$

2,691

 

(17

)%

NM

 

$

7,541

 

$

13,908

 

84

%

 


(1)                                 Full Year 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)                                 Full Year 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 reflect the following:

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

b)                           In the first quarter of 2013, residual amounts related to Citi Capital Advisors and the Egg Credit Card business.

c)                            In the second quarter of 2013, Citi executed a definitive agreement to sell its Brazil Credicard business (Credicard).  The second quarter of 2013 also includes residual amounts related to previous discontinued operations.

All historical periods have been reclassified to reflect Credicard as discontinued operations.

d)                           The third quarter of 2013 also includes residual tax release amounts related to the sale of Citi’s German consumer branch business.

e)                            In the fourth quarter of 2013, Citi completed the sale of Credicard resulting in a $189 million after-tax benefit to discontinued operations.

 

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

 

2



 

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

4Q13 Increase

 

 

 

December 31,

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

(Decrease) from

 

 

 

2012

 

2013

 

2013

 

2013

 

2013 (1)

 

3Q13

 

4Q12

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

36,453

 

$

31,150

 

$

31,145

 

$

32,810

 

$

29,885

 

(9

)%

(18

)%

Deposits with banks

 

102,134

 

143,227

 

158,028

 

172,659

 

169,005

 

(2

)%

65

%

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

 

261,311

 

270,426

 

263,205

 

273,679

 

257,037

 

(6

)%

(2

)%

Brokerage receivables

 

22,490

 

25,235

 

33,484

 

24,976

 

25,674

 

3

%

14

%

Trading account assets

 

320,929

 

308,321

 

306,570

 

291,722

 

285,928

 

(2

)%

(11

)%

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale and non-marketable equity securities

 

302,196

 

294,803

 

290,738

 

292,717

 

296,507

 

1

%

(2

)%

Held-to-maturity

 

10,130

 

10,056

 

9,602

 

10,808

 

10,599

 

(2

)%

5

%

Total Investments

 

312,326

 

304,859

 

300,340

 

303,525

 

307,106

 

1

%

(2

)%

Loans, net of unearned income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

408,671

 

395,176

 

382,152

 

387,822

 

393,831

 

2

%

(4

)%

Corporate

 

246,793

 

251,188

 

261,589

 

269,729

 

273,915

 

2

%

11

%

Loans, net of unearned income

 

655,464

 

646,364

 

643,741

 

657,551

 

667,746

 

2

%

2

%

Allowance for loan losses

 

(25,455

)

(23,727

)

(21,580

)

(20,605

)

(19,648

)

5

%

23

%

Total loans, net

 

630,009

 

622,637

 

622,161

 

636,946

 

648,098

 

2

%

3

%

Goodwill

 

25,673

 

25,474

 

24,896

 

25,098

 

25,009

 

 

(3

)%

Intangible assets (other than MSRs)

 

5,697

 

5,457

 

4,981

 

4,888

 

5,056

 

3

%

(11

)%

Mortgage servicing rights (MSRs)

 

1,942

 

2,203

 

2,524

 

2,580

 

2,718

 

5

%

40

%

Other assets

 

145,660

 

142,736

 

133,348

 

127,308

 

125,101

 

(2

)%

(14

)%

Assets related to discontinued operations held for sale

 

36

 

9

 

3,306

 

3,320

 

 

(100

)%

(100

)%

Total assets

 

$

1,864,660

 

$

1,881,734

 

$

1,883,988

 

$

1,899,511

 

$

1,880,617

 

(1

)%

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

129,657

 

$

124,487

 

$

124,141

 

$

130,273

 

$

128,399

 

(1

)%

(1

)%

Interest-bearing deposits in U.S. offices

 

247,716

 

260,221

 

270,687

 

266,322

 

284,164

 

7

%

15

%

Total U.S. Deposits

 

377,373

 

384,708

 

394,828

 

396,595

 

412,563

 

4

%

9

%

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

 

65,024

 

65,542

 

63,793

 

66,028

 

69,406

 

5

%

7

%

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

 

488,163

 

483,512

 

479,806

 

492,837

 

486,304

 

(1

)%

 

Total International Deposits

 

553,187

 

549,054

 

543,599

 

558,865

 

555,710

 

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total deposits

 

930,560

 

933,762

 

938,427

 

955,460

 

968,273

 

1

%

4

%

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

 

211,236

 

222,053

 

218,252

 

216,387

 

203,512

 

(6

)%

(4

)%

Brokerage payables

 

57,013

 

59,299

 

61,705

 

56,992

 

53,707

 

(6

)%

(6

)%

Trading account liabilities

 

115,549

 

120,226

 

123,022

 

122,048

 

108,762

 

(11

)%

(6

)%

Short-term borrowings

 

52,027

 

48,137

 

58,743

 

58,904

 

58,944

 

 

13

%

Long-term debt

 

239,463

 

234,326

 

220,959

 

221,593

 

221,116

 

 

(8

)%

Other liabilities (2)

 

67,815

 

68,592

 

62,992

 

63,349

 

59,935

 

(5

)%

(12

)%

Liabilities related to discontinued operations held for sale

 

 

 

2,062

 

2,039

 

 

(100

)%

 

Total liabilities

 

$

1,673,663

 

$

1,686,395

 

$

1,686,162

 

$

1,696,772

 

$

1,674,249

 

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock

 

$

2,562

 

$

3,137

 

$

4,293

 

$

5,243

 

$

6,738

 

29

%

NM

 

Common stock

 

30

 

31

 

31

 

31

 

31

 

 

3

%

Additional paid-in capital

 

106,391

 

106,661

 

106,876

 

107,030

 

107,193

 

 

1

%

Retained earnings

 

97,809

 

101,580

 

105,725

 

108,812

 

111,403

 

2

%

14

%

Treasury stock

 

(847

)

(991

)

(1,075

)

(1,472

)

(1,658

)

(13

)%

(96

)%

Accumulated other comprehensive income (loss)

 

(16,896

)

(17,059

)

(19,924

)

(18,798

)

(19,133

)

(2

)%

(13

)%

Total common equity

 

$

186,487

 

$

190,222

 

$

191,633

 

$

195,603

 

$

197,836

 

1

%

6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Citigroup stockholders’ equity

 

$

189,049

 

$

193,359

 

$

195,926

 

$

200,846

 

$

204,574

 

2

%

8

%

Noncontrolling interests

 

1,948

 

1,980

 

1,900

 

1,893

 

1,794

 

(5

)%

(8

)%

Total equity

 

190,997

 

195,339

 

197,826

 

202,739

 

206,368

 

2

%

8

%

Total liabilities and equity

 

$

1,864,660

 

$

1,881,734

 

$

1,883,988

 

$

1,899,511

 

$

1,880,617

 

(1

)%

1

%

 


(1)           Preliminary

(2)           Includes allowance for credit losses for letters of credit and unfunded lending commitments.  See page 35 for amounts by period.

 

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

 

3



 

CITIGROUP

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

4Q13 Increase

 

Full

 

Full

 

FY 2013 vs.

 

 

 

4Q

 

1Q

 

2Q

 

3Q

 

4Q

 

(Decrease) from

 

Year

 

Year

 

FY 2012 Increase/

 

 

 

2012

 

2013

 

2013

 

2013

 

2013

 

3Q13

 

4Q12

 

2012

 

2013

 

(Decrease)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITICORP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Consumer Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

5,313

 

$

5,110

 

$

5,052

 

$

4,738

 

$

4,878

 

3

%

(8

)%

$

20,949

 

$

19,778

 

(6

)%

EMEA

 

384

 

368

 

364

 

359

 

358

 

 

(7

)%

1,485

 

1,449

 

(2

)%

Latin America

 

2,285

 

2,311

 

2,327

 

2,276

 

2,404

 

6

%

5

%

8,758

 

9,318

 

6

%

Asia

 

1,995

 

1,960

 

1,968

 

1,862

 

1,834

 

(2

)%

(8

)%

7,928

 

7,624

 

(4

)%

Total

 

9,977

 

9,749

 

9,711

 

9,235

 

9,474

 

3

%

(5

)%

39,120

 

38,169

 

(2

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities and Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

1,481

 

2,970

 

2,599

 

1,835

 

1,641

 

(11

)%

11

%

6,473

 

9,045

 

40

%

EMEA

 

1,349

 

1,873

 

2,166

 

1,268

 

1,155

 

(9

)%

(14

)%

6,437

 

6,462

 

0

%

Latin America

 

680

 

770

 

747

 

640

 

683

 

7

%

0

%

2,913

 

2,840

 

(3

)%

Asia

 

852

 

1,365

 

1,329

 

1,006

 

971

 

(3

)%

14

%

4,199

 

4,671

 

11

%

Total

 

4,362

 

6,978

 

6,841

 

4,749

 

4,450

 

(6

)%

2

%

20,022

 

23,018

 

15

%

Transaction Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

633

 

626

 

667

 

614

 

595

 

(3

)%

(6

)%

2,554

 

2,502

 

(2

)%

EMEA

 

863

 

861

 

921

 

873

 

878

 

1

%

2

%

3,488

 

3,533

 

1

%

Latin America

 

440

 

447

 

467

 

447

 

461

 

3

%

5

%

1,770

 

1,822

 

3

%

Asia

 

681

 

672

 

677

 

679

 

675

 

(1

)%

(1

)%

2,896

 

2,703

 

(7

)%

Total

 

2,617

 

2,606

 

2,732

 

2,613

 

2,609

 

 

 

10,708

 

10,560

 

(1

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate / Other

 

(106

)

(7

)

103

 

31

 

(50

)

NM

 

53

%

70

 

77

 

10

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Citicorp

 

16,850

 

19,326

 

19,387

 

16,628

 

16,483

 

(1

)%

(2

)%

69,920

 

71,824

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Citi Holdings

 

1,067

 

901

 

1,092

 

1,252

 

1,297

 

4

%

22

%

(792

)

4,542

 

NM