	2012										2011
In millions of dollars, except per share amounts	Fourth			Third			Second		First		Fourth			Third			Second		First
Revenues, net of interest expense	$	17,917		$	13,703		$	18,387	$	19,121	$	16,918		$	20,551		$	20,372	$	19,490
Operating expenses	13,709			12,092			11,994		12,179		13,053			12,284			12,758		12,155
Provisions for credit losses and for benefits and claims	3,113			2,620			2,696		2,900		2,748			3,238			3,275		3,098
Income from continuing operations before income taxes	$	1,095		$	(1,009	)	$	3,697	$	4,042	$	1,117		$	5,029		$	4,339	$	4,237
Income taxes (benefits)	(214		)	(1,494		)	718		997		105			1,286			986		1,198
Income from continuing operations	$	1,309		$	485		$	2,979	$	3,045	$	1,012		$	3,743		$	3,353	$	3,039
Income (loss) from discontinued operations, net of taxes	(85		)	8			7		12		(14		)	—			50		32
Net income before attribution of noncontrolling interests	$	1,224		$	493		$	2,986	$	3,057	$	998		$	3,743		$	3,403	$	3,071
Noncontrolling interests	28			25			40		126		42			(28		)	62		72
Citigroup’s net income	$	1,196		$	468		$	2,946	$	2,931	$	956		$	3,771		$	3,341	$	2,999
Earnings per share (1)(2)

Basic
Income from continuing operations	$	0.42		$	0.15		$	0.98	$	0.98	$	0.32		$	1.27		$	1.11	$	1.01
Net income	0.39			0.15			0.98		0.98		0.32			1.27			1.12		1.02

Diluted
Income from continuing operations	0.41			0.15			0.95		0.95		0.32			1.23			1.08		0.98
Net income	0.38			0.15			0.95		0.95		0.31			1.23			1.09		0.99
Common stock price per share (2)
High	$	40.17		$	34.79		$	36.87	$	38.08	$	34.17		$	42.88		$	45.90	$	51.30
Low	32.75			25.24			24.82		28.17		23.11			23.96			36.81		43.90
Close	39.56			32.72			27.41		36.55		26.31			25.62			41.64		44.20
Dividends per share of common stock	0.01			0.01			0.01		0.01		0.01			0.01			0.01		—

This Note to the Consolidated Financial Statements is unaudited due to the Company’s individual quarterly results not being subject to an audit.

(1) Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year.

(2) All per-share amounts for all periods reflect Citigroup’s 1-for-10 reverse stock split, which was effective May 6, 2011.