XML 33 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Interest revenue $ 19,712 $ 17,550 $ 38,788 $ 33,882
Interest expense 7,762 5,885 15,079 11,045
Net interest revenue 11,950 11,665 23,709 22,837
Commissions and fees 2,881 3,111 5,807 6,141
Principal transactions 1,874 2,126 4,678 5,368
Administration and other fiduciary fees 869 934 1,708 1,839
Realized gains on sales of investments, net 468 102 598 272
Impairment losses on investments        
Gross impairment losses (5) (15) (13) (43)
Net impairment losses recognized in earnings (5) (15) (13) (43)
Other revenue 721 546 847 927
Total non-interest revenues 6,808 6,804 13,625 14,504
Total revenues, net of interest expense 18,758 18,469 37,334 37,341
Provisions for credit losses and for benefits and claims        
Provision for loan losses 2,089 1,795 4,033 3,598
Policyholder benefits and claims 19 21 31 47
Provision for unfunded lending commitments (15) (4) 9 24
Total provisions for credit losses and for benefits and claims 2,093 1,812 4,073 3,669
Operating expenses        
Compensation and benefits 5,381 5,452 11,039 11,259
Premises and equipment 569 570 1,133 1,163
Technology/communication 1,724 1,797 3,444 3,555
Advertising and marketing 434 411 793 792
Other operating 2,392 2,482 4,675 4,868
Total operating expenses 10,500 10,712 21,084 21,637
Income from continuing operations before income taxes 6,165 5,945 12,177 12,035
Provision for income taxes 1,373 1,444 2,648 2,885
Income from continuing operations 4,792 4,501 9,529 9,150
Discontinued operations        
Loss from discontinued operations (10) (2) (12) (9)
Benefit for income taxes (27) (17) (27) (17)
Income from discontinued operations, net of taxes 17 15 15 8
Net income before attribution of noncontrolling interests 4,809 4,516 9,544 9,158
Noncontrolling interests 10 26 35 48
Citigroup’s net income $ 4,799 $ 4,490 $ 9,509 $ 9,110
Basic earnings per share        
Income from continuing operations (in dollars per share) [1] $ 1.94 $ 1.62 $ 3.81 $ 3.30
Income from discontinued operations, net of taxes (in dollars per share) [1] 0.01 0.01 0.01 0.01
Net income (in dollars per share) [1] $ 1.95 $ 1.63 $ 3.82 $ 3.31
Weighted average common shares outstanding (in shares) 2,286.1 2,530.9 2,313.2 2,546.2
Diluted earnings per share        
Income from continuing operations (in dollars per share) [1] $ 1.94 $ 1.62 $ 3.81 $ 3.30
Income (loss) from discontinued operations, net of taxes (in dollars per share) [1] 0.01 0.01 0.01 0.01
Net income (in dollars per share) [1] $ 1.95 $ 1.63 $ 3.82 $ 3.31
Adjusted weighted average common shares outstanding (in shares) 2,289.0 2,532.3 2,315.7 2,547.6
[1]
Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.