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CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Interest revenue $ 62,970 $ 67,298 $ 71,858
Interest expense 16,177 20,612 24,209
Net interest revenue 46,793 46,686 47,649
Commissions and fees 13,113 12,732 12,665
Principal transactions 7,121 4,781 7,234
Administration and other fiduciary fees 4,089 4,012 3,995
Realized gains on sales of investments, net 748 3,251 1,997
Other-than-temporary impairment losses on investments      
Gross impairment losses (633) [1] (5,037) [1] (2,413) [1]
Less: Impairments recognized in AOCI 98 66 159
Net impairment losses recognized in earnings (535) (4,971) (2,254)
Insurance premiums 2,280 2,395 2,561
Other revenue 2,757 [2] 242 [2] 3,484 [2]
Total non-interest revenues 29,573 22,442 29,682
Total revenues, net of interest expense 76,366 69,128 77,331
Provisions for credit losses and for benefits and claims      
Provision for loan losses 7,604 10,458 11,336
Policyholder benefits and claims 830 887 972
Provision (release) for unfunded lending commitments 80 (16) 51
Total provisions for credit losses and for benefits and claims 8,514 11,329 12,359
Operating expenses      
Compensation and benefits 23,967 25,119 25,614
Premises and equipment 3,165 3,266 3,310
Technology/communication 6,136 5,829 5,055
Advertising and marketing 1,888 2,164 2,268
Other operating 13,199 13,596 14,003
Total operating expenses 48,355 [3] 49,974 [3] 50,250 [3]
Income (loss) from continuing operations before income taxes 19,497 7,825 14,722
Provision for income taxes 5,867 7 3,575
Income from continuing operations 13,630 7,818 11,147
Discontinued operations      
Loss from discontinued operations (242) (109) (75)
Gain (loss) on sale 268 (1) 155
Provision (benefit) for income taxes on discontinued operations (244) (52) 12
Income (loss) from discontinued operations, net of taxes 270 (58) 68
Net income before attribution of noncontrolling interests 13,900 7,760 11,215
Noncontrolling interests 227 219 148
Citigroup's net income $ 13,673 $ 7,541 $ 11,067
Basic earnings per share      
Income from continuing operations (in dollars per share) $ 4.27 [4],[5] $ 2.53 [4],[5] $ 3.71 [4],[5]
Income (loss) from discontinued operations, net of taxes (in dollars per share) $ 0.09 [4],[5] $ (0.02) [4],[5] $ 0.02 [4],[5]
Net income (in dollars per share) $ 4.35 [4],[5] $ 2.51 [4],[5] $ 3.73 [4],[5]
Weighted average common shares outstanding (in shares) 3,035.8 2,930.6 2,909.8
Diluted earnings per share      
Income from continuing operations (in dollars per share) $ 4.26 [4],[5] $ 2.46 [4],[5] $ 3.60 [4],[5]
Income (loss) from discontinued operations, net of taxes (in dollars per share) $ 0.09 [4],[5] $ (0.02) [4],[5] $ 0.02 [4],[5]
Net income (in dollars per share) $ 4.35 [4],[5] $ 2.44 [4],[5] $ 3.63 [4],[5]
Adjusted weighted average common shares outstanding (in shares) 3,041.6 [4] 3,015.5 [4] 2,998.8 [4]
[1] 2012 includes the recognition of a $3,340 million impairment charge related to the carrying value of Citi's then-remaining 35% interest in the Morgan Stanley Smith Barney joint venture (MSSB), as well as the recognition of a $1,181 million impairment charge related to Citi's investment in Akbank. The remaining MSSB interest was sold during 2013. See Note 14 to the Consolidated Financial Statements.
[2] Other revenue for 2012 includes a $1,344 million loss related to the sale of a 14% interest in MSSB, as well as the recognition of a $424 million loss related to the sale of a 10.1% stake in Akbank T.A.S. See Note 14 to the Consolidated Financial Statements.
[3] Citigroup recorded repositioning charges of $590 million for 2013, $1,375 million for 2012 and $706 million for 2011.
[4] All per share amounts and Citigroup shares outstanding for all periods reflect Citigroup's 1-for-10 reverse stock split, which was effective May 6, 2011.
[5] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.