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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2013
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

 

 

 

 

2013

 

2012

 

In millions of dollars, except per share amounts

 

Fourth

 

Third

 

Second

 

First

 

Fourth

 

Third

 

Second

 

First

 

Revenues, net of interest expense

 

$

17,780

 

$

17,880

 

$

20,479

 

$

20,227

 

$

17,917

 

$

13,703

 

$

18,387

 

$

19,121

 

Operating expenses

 

12,293

 

11,655

 

12,140

 

12,267

 

13,709

 

12,092

 

11,994

 

12,179

 

Provisions for credit losses and for benefits and claims

 

2,072

 

1,959

 

2,024

 

2,459

 

3,113

 

2,620

 

2,696

 

2,900

 

Income from continuing operations before income taxes

 

$

3,415

 

$

4,266

 

$

6,315

 

$

5,501

 

$

1,095

 

$

(1,009

)

$

3,697

 

$

4,042

 

Income taxes (benefits)

 

1,090

 

1,080

 

2,127

 

1,570

 

(214

)

(1,494

)

718

 

997

 

Income from continuing operations

 

$

2,325

 

$

3,186

 

$

4,188

 

$

3,931

 

$

1,309

 

$

485

 

$

2,979

 

$

3,045

 

Income (loss) from discontinued operations, net of taxes

 

181

 

92

 

30

 

(33

)

(85

)

8

 

7

 

12

 

Net income before attribution of noncontrolling interests

 

$

2,506

 

$

3,278

 

$

4,218

 

$

3,898

 

$

1,224

 

$

493

 

$

2,986

 

$

3,057

 

Noncontrolling interests

 

50

 

51

 

36

 

90

 

28

 

25

 

40

 

126

 

Citigroup’s net income

 

$

2,456

 

$

3,227

 

$

4,182

 

$

3,808

 

$

1,196

 

$

468

 

$

2,946

 

$

2,931

 

Earnings per share (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.71

 

$

0.98

 

$

1.34

 

$

1.24

 

$

0.42

 

$

0.15

 

$

0.98

 

$

0.98

 

Net income

 

0.77

 

1.01

 

1.35

 

1.23

 

0.39

 

0.15

 

0.98

 

0.98

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

0.71

 

0.98

 

1.33

 

1.24

 

0.41

 

0.15

 

0.95

 

0.95

 

Net income

 

0.77

 

1.00

 

1.34

 

1.23

 

0.38

 

0.15

 

0.95

 

0.95

 

Common stock price per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High

 

$

53.29

 

$

53.00

 

$

53.27

 

$

47.60

 

$

40.17

 

$

34.79

 

$

36.87

 

$

38.08

 

Low

 

47.67

 

47.67

 

42.50

 

41.15

 

32.75

 

25.24

 

24.82

 

28.17

 

Close

 

52.11

 

48.51

 

47.97

 

44.24

 

39.56

 

32.72

 

27.41

 

36.55

 

Dividends per share of common stock

 

0.01

 

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.