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CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Interest revenue $ 15,463 $ 16,737 $ 47,263 $ 50,717
Interest expense 3,952 5,026 12,440 15,947
Net interest revenue 11,511 11,711 34,823 34,770
Commissions and fees 3,095 3,258 9,918 9,377
Principal transactions 1,101 976 6,188 4,547
Administration and other fiduciary fees 968 974 3,119 2,992
Realized gains on sales of investments, net 63 615 764 2,813
Other-than-temporary impairment losses on investments        
Gross impairment losses (39) [1] (3,470) [1] (462) [1] (4,969) [1]
Less: Impairments recognized in AOCI       66
Net impairment losses recognized in earnings (39) (3,470) (462) (4,903)
Insurance premiums 556 597 1,728 1,810
Other revenue 625 [2] (958) [2] 2,508 [2] (195) [2]
Total non-interest revenues 6,369 1,992 23,763 16,441
Total revenues, net of interest expense 17,880 13,703 58,586 51,211
Provisions for credit losses and for benefits and claims        
Provision for loan losses 1,652 2,436 5,693 7,620
Policyholder benefits and claims 204 225 635 668
Provision (release) for unfunded lending commitments 103 (41) 114 (72)
Total provisions for credit losses and for benefits and claims 1,959 2,620 6,442 8,216
Operating expenses        
Compensation and benefits 5,828 6,113 18,238 18,580
Premises and equipment 763 842 2,369 2,439
Technology/communication 1,568 1,440 4,584 4,264
Advertising and marketing 458 589 1,387 1,651
Other operating 3,038 3,108 9,484 9,331
Total operating expenses 11,655 12,092 36,062 36,265
Income (loss) from continuing operations before income taxes 4,266 (1,009) 16,082 6,730
Provision for income taxes 1,080 (1,494) 4,777 221
Income from continuing operations 3,186 485 11,305 6,509
Discontinued operations        
Income (loss) from discontinued operations 33 (1) (19) 27
Gain (loss) on sale 6   62 (1)
Provision (benefit) for income taxes (53) (9) (46) (1)
Income from discontinued operations, net of taxes 92 8 89 27
Net income before attribution of noncontrolling interests 3,278 493 11,394 6,536
Noncontrolling interests 51 25 177 191
Citigroup's net income $ 3,227 $ 468 $ 11,217 $ 6,345
Basic earnings per share        
Income from continuing operations (in dollars per share) $ 0.98 [3] $ 0.15 [3] $ 3.55 [3] $ 2.11 [3]
Income from discontinued operations, net of taxes (in dollars per share) $ 0.03 [3]   $ 0.03 [3] $ 0.01 [3]
Net income (in dollars per share) $ 1.01 [3] $ 0.15 [3] $ 3.58 [3] $ 2.12 [3]
Weighted average common shares outstanding (in shares) 3,034.3 [3] 2,926.8 [3] 3,038.4 [3] 2,926.5 [3]
Diluted earnings per share        
Income from continuing operations (in dollars per share) $ 0.98 [3] $ 0.15 [3] $ 3.55 [3] $ 2.05 [3]
Income from discontinued operations, net of taxes (in dollars per share) $ 0.03 [3]   $ 0.03 [3] $ 0.01 [3]
Net income (in dollars per share) $ 1.00 [3] $ 0.15 [3] $ 3.57 [3] $ 2.06 [3]
Adjusted weighted average common shares outstanding (in shares) 3,040.9 [3] 3,015.3 [3] 3,044.0 [3] 3,014.9 [3]
[1] Third quarter of 2012 included the recognition of a $3,340 million impairment charge related to the carrying value of Citi's remaining 35% interest in the Morgan Stanley Smith Barney joint venture (MSSB).The nine months of 2012 included the recognition of a $1,181 million impairment charge related to Citi's investment in Akbank. See Note 12 to the Consolidated Financial Statements.
[2] Other revenue for the third quarter of 2012 included a $1,344 million loss related to the sale of a 14% interest in MSSB. Additionally, Other revenue for the nine months of 2012 included the recognition of a $424 million loss related to the sale of Citi's 10.1% stake in Akbank.
[3] Due to rounding, earnings per share on continuing operations and Discontinued operations may not sum to earnings per share on net income.