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CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Interest revenue $ 68,138 $ 72,681 $ 79,282
Interest expense 20,535 24,234 25,096
Net interest revenue 47,603 48,447 54,186
Commissions and fees 12,926 12,850 13,658
Principal transactions 4,781 7,234 7,517
Administration and other fiduciary fees 4,012 3,995 4,005
Realized gains (losses) on sales of investments, net 3,251 1,997 2,411
Other-than-temporary impairment losses on investments      
Gross impairment losses (5,037) [1] (2,413) [1] (1,495) [1]
Less: Impairments recognized in AOCI 66 159 84
Net impairment losses recognized in earnings (4,971) (2,254) (1,411)
Insurance premiums 2,476 2,647 2,684
Other revenue 95 [2] 3,437 [2] 3,551 [2]
Total non-interest revenues 22,570 29,906 32,415
Total revenues, net of interest expense 70,173 78,353 86,601
Provisions for credit losses and for benefits and claims      
Provision for loan losses 10,848 11,773 25,194
Policyholder benefits and claims 887 972 965
Provision (release) for unfunded lending commitments (16) 51 (117)
Total provisions for credit losses and for benefits and claims 11,719 12,796 26,042
Operating expenses      
Compensation and benefits 25,204 25,688 24,430
Premises and equipment 3,282 3,326 3,331
Technology/communication 5,914 5,133 4,924
Advertising and marketing 2,224 2,346 1,645
Other operating 13,894 14,440 13,045
Total operating expenses 50,518 [3] 50,933 [3] 47,375 [3]
Income (loss) from continuing operations before income taxes 7,936 14,624 13,184
Provision for income taxes (benefit) 27 3,521 2,233
Income from continuing operations 7,909 11,103 10,951
Discontinued operations      
Income (loss) from discontinued operations (219) 23 72
Gain (loss) on sale (1) 155 (702)
Provision (benefit) for income taxes (71) 66 (562)
Income (loss) from discontinued operations, net of taxes (149) 112 (68)
Net income before attribution of noncontrolling interests 7,760 11,215 10,883
Noncontrolling interests 219 148 281
Citigroup's net income $ 7,541 $ 11,067 $ 10,602
Basic earnings per share      
Income from continuing operations (in dollars per share) $ 2.56 [4] $ 3.69 [4] $ 3.66 [4]
Income (loss) from discontinued operations, net of taxes (in dollars per share) $ (0.05) [4] $ 0.04 [4] $ (0.01) [4]
Net income (in dollars per share) $ 2.51 [4] $ 3.73 [4] $ 3.65 [4]
Weighted average common shares outstanding (in shares) 2,930.6 2,909.8 2,877.6
Diluted earnings per share      
Income from continuing operations (in dollars per share) $ 2.49 [4] $ 3.59 [4] $ 3.55 [4]
Income (loss) from discontinued operations, net of taxes (in dollars per share) $ (0.05) [4] $ 0.04 [4] $ (0.01) [4]
Net income (in dollars per share) $ 2.44 [4] $ 3.63 [4] $ 3.54 [4]
Adjusted weighted average common shares outstanding (in shares) 3,015.5 2,998.8 2,967.8
[1] 2012 includes 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), as well as the recognition of a $1,181 million impairment charge related to Citi's investment in Akbank. See Note 15 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.
[3] Citigroup recorded repositioning charges of $1,375 million for 2012, $706 million for 2011 and $507 million for 2010.
[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.