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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Interest revenue [1] $ 70,828 $ 61,579 $ 57,988
Interest expense [1] 24,266 16,518 12,512
Net interest revenue [1] 46,562 45,061 45,476
Commissions and fees [1] 11,857 12,707 11,678
Principal transactions [1] 9,062 9,475 7,857
Administration and other fiduciary fees [1] 3,580 3,584 3,294
Realized gains on sales of investments, net [1] 421 778 949
Impairment losses on investments      
Gross impairment losses [1] (132) (63) (620)
Net impairment losses recognized in earnings (132) (63) (620)
Other revenue [1] 1,504 902 2,163
Total non-interest revenues [1] 26,292 27,383 25,321
Total revenues, net of interest expense [1] 72,854 72,444 70,797
Provisions for credit losses and for benefits and claims      
Provision for loan losses 7,354 7,503 6,749
Policyholder benefits and claims 101 109 204
Provision (release) for unfunded lending commitments 113 (161) 29
Total provisions for credit losses and for benefits and claims 7,568 7,451 6,982
Operating expenses      
Compensation and benefits [1] 21,154 21,181 20,970
Premises and equipment [1] 2,324 2,453 2,542
Technology/communication [1] 7,193 6,909 6,701
Advertising and marketing [1] 1,545 1,608 1,632
Other operating [1] 9,625 10,081 10,493
Total operating expenses [1] 41,841 42,232 42,338
Income (loss) from continuing operations before income taxes 23,445 22,761 21,477
Provision for income taxes 5,357 29,388 6,444
Income (loss) from continuing operations 18,088 (6,627) 15,033
Discontinued operations      
Loss from discontinued operations (26) (104) (80)
Provision (benefit) for income taxes (18) 7 (22)
Loss from discontinued operations, net of taxes (8) (111) (58)
Net income (loss) before attribution of noncontrolling interests 18,080 (6,738) 14,975
Noncontrolling interests 35 60 63
Citigroup’s net income (loss) $ 18,045 $ (6,798) $ 14,912
Basic earnings per share      
Income (loss) from continuing operations (in dollars per share) [2] $ 6.69 $ (2.94) $ 4.74
Loss from discontinued operations, net of taxes (in dollars per share) [2] 0.00 (0.04) (0.02)
Net income (loss) (in dollars per share) [2] $ 6.69 $ (2.98) $ 4.72
Weighted average common shares outstanding (in shares) 2,493.3 2,698.5 2,888.1
Diluted earnings per share      
Income (loss) from continuing operations (in dollars per share) [2] $ 6.69 $ (2.94) $ 4.74
Income (loss) from discontinued operations, net of taxes (in dollars per share) [2] 0.00 (0.04) (0.02)
Net income (loss) (in dollars per share) [2] $ 6.68 $ (2.98) $ 4.72
Adjusted weighted average common shares outstanding (in shares) 2,494.8 2,698.5 2,888.3
[1] Certain prior-period revenue and expense lines and totals were reclassified to conform to the current period’s presentation. See Notes 1 and 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.