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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Interest revenue $ 18,170 $ 15,914 $ 52,052 $ 45,729
Interest expense 6,368 4,379 17,413 11,981
Net interest revenue 11,802 11,535 34,639 33,748
Commissions and fees 2,803 3,241 8,944 9,552
Principal transactions 2,566 2,248 8,006 7,985
Administration and other fiduciary fees 911 929 2,750 2,672
Realized gains on sales of investments, net 69 213 341 626
Impairment losses on investments        
Gross impairment losses (70) (15) (113) (47)
Net impairment losses recognized in earnings (70) (15) (113) (47)
Other revenue 308 268 1,163 404
Total non-interest revenues 6,587 6,884 21,091 21,192
Total revenues, net of interest expense 18,389 18,419 55,730 54,940
Provisions for credit losses and for benefits and claims        
Provision for loan losses 1,906 2,146 5,504 5,487
Policyholder benefits and claims 26 28 73 81
Provision (release) for unfunded lending commitments 42 (175) 66 (190)
Total provisions for credit losses and for benefits and claims 1,974 1,999 5,643 5,378
Operating expenses        
Compensation and benefits 5,319 5,304 16,578 16,301
Premises and equipment 565 608 1,728 1,832
Technology/communication 1,806 1,764 5,361 5,122
Advertising and marketing 378 417 1,170 1,222
Other operating 2,243 2,324 7,111 7,423
Total operating expenses 10,311 10,417 31,948 31,900
Income from continuing operations before income taxes 6,104 6,003 18,139 17,662
Provision for income taxes 1,471 1,866 4,356 5,524
Income from continuing operations 4,633 4,137 13,783 12,138
Discontinued operations        
Loss from discontinued operations (8) (9) (17) (4)
Benefit for income taxes 0 (4) (17) (2)
Loss from discontinued operations, net of taxes (8) (5) 0 (2)
Net income before attribution of noncontrolling interests 4,625 4,132 13,783 12,136
Noncontrolling interests 3 (1) 51 41
Citigroup’s net income $ 4,622 $ 4,133 $ 13,732 $ 12,095
Basic earnings per share        
Income from continuing operations (in dollars per share) $ 1.74 $ 1.42 $ 5.04 $ 4.05
Income from discontinued operations, net of taxes (in dollars per share) 0.00 0.00 0.00 0.00
Net income (in dollars per share) $ 1.73 $ 1.42 $ 5.04 $ 4.05
Weighted average common shares outstanding (in shares) 2,479.8 2,683.6 2,524.1 2,729.3
Diluted earnings per share        
Income from continuing operations (in dollars per share) $ 1.74 $ 1.42 $ 5.04 $ 4.05
Income (loss) from discontinued operations, net of taxes (in dollars per share) 0.00 0.00 0.00 0.00
Net income (in dollars per share) $ 1.73 $ 1.42 $ 5.04 $ 4.05
Adjusted weighted average common shares outstanding (in shares) 2,481.4 2,683.7 2,525.5 2,729.5