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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Interest revenue $ 19,076 $ 16,332
Interest expense 7,317 5,160
Net interest revenue 11,759 11,172
Commissions and fees 2,926 3,030
Principal transactions 2,804 3,242
Administration and other fiduciary fees 839 905
Realized gains on sales of investments, net 130 170
Impairment losses on investments    
Gross impairment losses (8) (28)
Net impairment losses recognized in earnings (8) (28)
Other revenue 126 381
Total non-interest revenues 6,817 7,700
Total revenues, net of interest expense 18,576 18,872
Provisions for credit losses and for benefits and claims    
Provision for loan losses 1,944 1,803
Policyholder benefits and claims 12 26
Provision for unfunded lending commitments 24 28
Total provisions for credit losses and for benefits and claims 1,980 1,857
Operating expenses    
Compensation and benefits 5,658 5,807
Premises and equipment 564 593
Technology/communication 1,720 1,758
Advertising and marketing 359 381
Other operating 2,283 2,386
Total operating expenses 10,584 10,925
Income from continuing operations before income taxes 6,012 6,090
Provision for income taxes 1,275 1,441
Income from continuing operations 4,737 4,649
Discontinued operations    
Loss from discontinued operations (2) (7)
Loss from discontinued operations, net of taxes (2) (7)
Net income before attribution of noncontrolling interests 4,735 4,642
Noncontrolling interests 25 22
Citigroup’s net income $ 4,710 $ 4,620
Basic earnings per share    
Income from continuing operations (in dollars per share) [1] $ 1.88 $ 1.68
Income from discontinued operations, net of taxes (in dollars per share) [1] 0 0
Net income (in dollars per share) [1] $ 1.88 $ 1.68
Weighted average common shares outstanding (in shares) 2,340.4 2,561.6
Diluted earnings per share    
Income from continuing operations (in dollars per share) [1] $ 1.87 $ 1.68
Income (loss) from discontinued operations, net of taxes (in dollars per share) [1] 0 0
Net income (in dollars per share) [1] $ 1.87 $ 1.68
Adjusted weighted average common shares outstanding (in shares) 2,342.4 2,563.0
[1] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.