Citibank 2006 Annual Report Download - page 3
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1
CITIGROUP NET INCOME——SEGMENT AND PRODUCT VIEW
in millions of dollars
2006 2005 % CHANGE
SEGMENT AND PRODUCT INCOME
GLOBAL CONSUMER
U.S. Cards $3,890 $2,754 41%
U.S. Retail Distribution 2,027 1,752 16
U.S. Consumer Lending 1,912 1,938 (1)
U.S. Commercial Business 561 729 (23)
Total U.S. Consumer $8,390 $7,173 17%
International Cards $1,137 $1,373 (17)%
International Consumer Finance 40 642 (94)
International Retail Banking 2,840 2,083 36
Total International Consumer $4,017 $4,098 (2)%
Other $(351) $(374) 6%
Total Global Consumer $12,056 $10,897 11%
CORPORATE AND INVESTMENT BANKING
Capital Markets and Banking $5,763 $5,327 8%
Transaction Services 1,426 1,135 26
Other (62) 433 NM
Total Corporate and Investment Banking $7,1 2 7 $6,895 3%
GLOBAL WEALTH MANAGEMENT
Smith Barney $1,005 $871 15%
Private Bank 439 373 18
Total Global Wealth Management $1,444 $1,244 16%
CITIGROUP ALTERNATIVE INVESTMENTS $1,276 $1,437 (11)%
CORPORATE/OTHER $(654) $(667) 2%
INCOME FROM CONTINUING OPERATIONS $21,249 $19,806 7%
INCOME FROM DISCONTINUED OPERATIONS1 $289 $4,832 (94)%
CUMULATIVE EFFECT OF ACCOUNTING CHANGE2 - $(49) -
TOTAL NET INCOME $21,538 $24,589 (12)%
DILUTED EARNINGS PER SHARE
FROM CONTINUING OPERATIONS $4.25 $3.82 11%
fi nancial highlights
1
2005 includes a $2.1 billion after-tax gain on the sale of the Travelers Life and Annuities business and a $2.1 billion
after-tax gain on the sale of the Asset Management business.
2
Accounting change in 2005 of $(49) million reflects the adoption of FIN 47.
NM——Not Meaningful