Citibank 2010 Annual Report Download - page 30

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RESULTS OF OPERATIONS
FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA—PAGE 1 Citigroup Inc. and Consolidated Subsidiaries
In millions of dollars, except per-share amounts, ratios and direct staff 2010 (1)(2) 2009 (2) 2008 (2) 2007 (2) 2006 (2)
Net interest revenue $ 54,652 $ 48,914 $ 53,749 $ 45,389 $ 37,928
Non-interest revenue 31,949 31,371 (2,150) 31,911 48,399
Revenues, net of interest expense $ 86,601 $ 80,285 $ 51,599 $ 77,300 $ 86,327
Operating expenses 47,375 47,822 69,240 58,737 50,301
Provisions for credit losses and for benefits and claims 26,042 40,262 34,714 17,917 7,537
Income (loss) from continuing operations before income taxes $ 13,184 $ (7,799) $ (52,355) $ 646 $ 28,489
Income taxes (benefits) 2,233 (6,733) (20,326) (2,546) 7,749
Income (loss) from continuing operations $ 10,951 $ (1,066) $ (32,029) $ 3,192 $ 20,740
Income (loss) from discontinued operations, net of taxes (3) (68) (445) 4,002 708 1,087
Net income (loss) before attribution of noncontrolling interests $ 10,883 $ (1,511) $ (28,027) $ 3,900 $ 21,827
Net income (loss) attributable to noncontrolling interests 281 95 (343) 283 289
Citigroup’s net income (loss) $ 10,602 $ (1,606) $ (27,684) $ 3,617 $ 21,538
Less:
Preferred dividends–Basic $ 9 $ 2,988 $ 1,695 $ 36 $ 64
Impact of the conversion price reset related to the $12.5 billion
convertible preferred stock private issuance—Basic —1,285 — — —
Preferred stock Series H discount accretion—Basic —123 37 — —
Impact of the public and private preferred stock exchange offer —3,242 — — —
Dividends and undistributed earnings allocated to participating
securities, applicable to Basic EPS 90 2 221 261 512
Income (loss) allocated to unrestricted common shareholders for basic EPS $ 10,503 $ (9,246) $ (29,637) $ 3,320 $ 20,962
Less: Convertible preferred stock dividends —(540) (877) — —
Add: Incremental dividends and undistributed earnings allocated to participating securities,
applicable to Diluted EPS 2— — — 2
Income (loss) allocated to unrestricted common shareholders for diluted EPS $ 10,505 $ (8,706) $ (28,760) $ 3,320 $ 20,964
Earnings per share
Basic
Income (loss) from continuing operations 0.37 (0.76) (6.39) 0.53 4.07
Net income (loss) 0.36 (0.80) (5.63) 0.68 4.29
Diluted (4)
Income (loss) from continuing operations $ 0.35 $ (0.76) $ (6.39) $ 0.53 $ 4.05
Net income (loss) 0.35 (0.80) (5.63) 0.67 4.27
Dividends declared per common share 0.00 0.01 1.12 2.16 1.96
Statement continues on the next page, including notes to the table.