XML 37 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Interest revenue $ 50,475 $ 58,089 $ 76,510
Interest expense 7,981 13,338 28,382
Net interest income 42,494 44,751 48,128
Commissions and fees 13,672 11,385 11,746
Principal transactions 10,154 13,885 8,892
Administration and other fiduciary fees 3,943 3,472 3,411
Realized gains on sales of investments, net 665 1,756 1,474
Impairment losses on investments:      
Impairment losses on investments and other assets (206) (165) (32)
Provision for credit losses on AFS debt securities [1] (3) (3) 0
Net impairment losses recognized in earnings (209) (168) (32)
Other revenue 1,165 420 1,448
Total non-interest revenues 29,390 30,750 26,939
Total revenues, net of interest expense 71,884 75,501 75,067
Provisions for credit losses and for benefits and claims      
Provision for credit losses on loans (3,103) 15,922 8,218
Provision for credit losses on held-to-maturity (HTM) debt securities (3) 7 0
Provision for credit losses on other assets 0 7 0
Policyholder benefits and claims 116 113 73
Provision for credit losses on unfunded lending commitments (788) 1,446 92
Total provisions for credit losses and for benefits and claims [2] (3,778) 17,495 8,383
Operating expenses      
Compensation and benefits 25,134 22,214 21,433
Premises and equipment 2,314 2,333 2,328
Technology/communication 7,828 7,383 7,077
Advertising and marketing 1,490 1,217 1,516
Other operating 11,427 11,227 10,429
Total operating expenses 48,193 44,374 42,783
Income from continuing operations before income taxes 27,469 13,632 23,901
Provision for income taxes 5,451 2,525 4,430
Income from continuing operations 22,018 11,107 19,471
Discontinued operations      
Income (loss) from discontinued operations 7 (20) (31)
Benefit for income taxes 0 0 (27)
Income (loss) from discontinued operations, net of taxes 7 (20) (4)
Net income before attribution of noncontrolling interests 22,025 11,087 19,467
Noncontrolling interests 73 40 66
Citigroup’s net income $ 21,952 $ 11,047 $ 19,401
Basic earnings per share      
Income from continuing operations (in dollars per share) [3] $ 10.21 $ 4.75 $ 8.08
Loss from discontinued operations, net of taxes (in dollars per share) [3] 0 (0.01) 0
Net income (in dollars per share) [3] $ 10.21 $ 4.74 $ 8.08
Weighted average common shares outstanding (in shares) 2,033.0 2,085.8 2,249.2
Diluted earnings per share      
Income from continuing operations (in dollars per share) [3] $ 10.14 $ 4.73 $ 8.04
Loss from discontinued operations, net of taxes (in dollars per share) [3] 0 (0.01) 0
Net income (in dollars per share) [3] $ 10.14 $ 4.72 $ 8.04
Adjusted weighted average common shares outstanding (in shares) 2,049.4 2,099.0 2,265.3
[1] This presentation is in accordance with ASC 326, which requires the provision for credit losses on AFS securities to be included in revenue.
[2] This total excludes the provision for credit losses on AFS securities, which is disclosed separately above.
[3] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.