XML 50 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Interest revenue $ 76,510 $ 70,828 $ 61,579
Interest expense 29,163 24,266 16,518
Net interest revenue 47,347 46,562 45,061
Commissions and fees 11,746 11,857 12,707
Principal transactions 8,892 8,905 8,940
Administration and other fiduciary fees 3,411 3,580 3,584
Realized gains on sales of investments, net 1,474 421 778
Net impairment losses recognized in earnings (32) (132) (63)
Other revenue 1,448 1,661 1,437
Total non-interest revenues 26,939 26,292 27,383
Total revenues, net of interest expense 74,286 72,854 72,444
Provisions for credit losses and for benefits and claims      
Provision for loan losses 8,218 7,354 7,503
Policyholder benefits and claims 73 101 109
Provision (release) for unfunded lending commitments 92 113 (161)
Total provisions for credit losses and for benefits and claims 8,383 7,568 7,451
Operating expenses      
Compensation and benefits 21,433 21,154 21,181
Premises and equipment 2,328 2,324 2,453
Technology/communication 7,077 7,193 6,909
Advertising and marketing 1,516 1,545 1,608
Other operating 9,648 9,625 10,081
Total operating expenses 42,002 41,841 42,232
Income (loss) from continuing operations before income taxes 23,901 23,445 22,761
Provision for income taxes 4,430 5,357 29,388
Income (loss) from continuing operations 19,471 18,088 (6,627)
Discontinued operations      
Loss from discontinued operations (31) (26) (104)
Provision (benefit) for income taxes (27) (18) 7
Loss from discontinued operations, net of taxes (4) (8) (111)
Net income (loss) before attribution of noncontrolling interests 19,467 18,080 (6,738)
Noncontrolling interests 66 35 60
Citigroup’s net income (loss) $ 19,401 $ 18,045 $ (6,798)
Basic earnings per share      
Income (loss) from continuing operations (in dollars per share) [1] $ 8.08 $ 6.69 $ (2.94)
Loss from discontinued operations, net of taxes (in dollars per share) [1] 0 0 (0.04)
Net income (loss) (in dollars per share) [1] $ 8.08 $ 6.69 $ (2.98)
Weighted average common shares outstanding (in shares) 2,249.2 2,493.3 2,698.5
Diluted earnings per share      
Income (loss) from continuing operations (in dollars per share) $ 8.04 $ 6.69 $ (2.94)
Income (loss) from discontinued operations, net of taxes (in dollars per share) 0 0 (0.04)
Net income (loss) (in dollars per share) $ 8.04 $ 6.68 $ (2.98)
Adjusted weighted average common shares outstanding (in shares) 2,265.3 2,494.8 2,698.5
[1] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.