XML 87 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Interest revenue [1] $ 14,714 $ 15,512 $ 44,187 $ 46,423
Interest expense [1] 2,941 3,325 9,020 10,531
Net interest revenue [1] 11,773 12,187 35,167 35,892
Commissions and fees [1] 2,732 3,280 9,096 9,905
Principal transactions [1] 1,327 1,549 5,471 6,280
Administration and other fiduciary fees [1] 870 1,029 2,827 3,067
Realized gains on sales of investments, net [1] 151 136 641 348
Other-than-temporary impairment losses on investments        
Gross impairment losses [1] (80) (99) (195) (337)
Less: Impairments recognized in AOCI [1] 0 8 0 8
Net impairment (losses) recognized in earnings [1] (80) (91) (195) (329)
Insurance premiums [1] 464 530 1,443 1,613
Other revenue [1] 1,455 1,069 3,448 2,544
Total non-interest revenues [1] 6,919 7,502 22,731 23,428
Total revenues, net of interest expense [1] 18,692 19,689 57,898 59,320
Provisions for credit losses and for benefits and claims        
Provision for loan losses 1,582 1,575 4,852 4,947
Policyholder benefits and claims 189 205 567 595
Provision (release) for unfunded lending commitments 65 (30) (20) (88)
Total provisions for credit losses and for benefits and claims 1,836 1,750 5,399 5,454
Operating expenses        
Compensation and benefits [1] 5,321 6,114 16,324 18,152
Premises and equipment [1] 722 804 2,168 2,428
Technology/communication [1] 1,628 1,630 4,884 4,779
Advertising and marketing [1] 391 442 1,176 1,360
Other operating [1] 2,607 3,965 7,929 13,906
Total operating expenses [1] 10,669 12,955 32,481 40,625
Income from continuing operations before income taxes 6,187 4,984 20,018 13,241
Provision for income taxes 1,881 2,068 6,037 6,120
Income from continuing operations 4,306 2,916 13,981 7,121
Discontinued operations        
Income (loss) from discontinued operations (15) (25) (14) 12
Provision (benefit) for income taxes (5) (9) (5) 13
Income (loss) from discontinued operations, net of taxes (10) (16) (9) (1)
Net income before attribution of noncontrolling interests 4,296 2,900 13,972 7,120
Noncontrolling interests 5 59 65 154
Citigroup’s net income $ 4,291 $ 2,841 $ 13,907 $ 6,966
Basic earnings per share        
Income from continuing operations (in dollars per share) [2] $ 1.36 $ 0.89 $ 4.39 $ 2.14
Income (loss) from discontinued operations, net of taxes (in dollars per share) [2] 0.00 (0.01) 0.00 0.00
Net income (in dollars per share) [2] $ 1.36 $ 0.88 $ 4.38 $ 2.14
Weighted average common shares outstanding (in shares) 2,993.3 3,029.5 3,015.8 3,033.5
Diluted earnings per share        
Income from continuing operations (in dollars per share) [2] $ 1.36 $ 0.88 $ 4.38 $ 2.14
Income (loss) from discontinued operations, net of taxes (in dollars per share) [2] 0.00 (0.01) 0.00 0.00
Net income (in dollars per share) [2] $ 1.35 $ 0.88 $ 4.38 $ 2.14
Adjusted weighted average common shares outstanding (in shares) 2,996.9 3,034.8 3,020.4 3,038.8
[1] Certain prior-period revenue and expense lines and totals were reclassified to conform to the current period’s presentation. See Note 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.