Citibank 2011 Annual Report Download - page 153

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CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED STATEMENT OF INCOME Citigroup Inc. and Subsidiaries
Year ended December 31,
In millions of dollars, except per-share amounts 2011  
Revenues
)NTERESTæREVENUE $ 72,681    
)NTERESTæEXPENSE 24,234  
Net interest revenue $ 48,447    
#OMMISSIONSæANDæFEES $ 12,850    
0RINCIPALæTRANSACTIONS 7,234  
!DMINISTRATIONæANDæOTHERæFIDUCIARYæFEES 3,995  
2EALIZEDæGAINSæLOSSESæONæSALESæOFæINVESTMENTSæNET 1,997  
/THERTHANTEMPORARYæIMPAIRMENTæLOSSESæONæINVESTMENTS
'ROSSæIMPAIRMENTæLOSSES (2,413)  
,ESSæ)MPAIRMENTSæRECOGNIZEDæINæ!/#) 159  
.ETæIMPAIRMENTæLOSSESæRECOGNIZEDæINæEARNINGS (2,254)   
)NSURANCEæPREMIUMS 2,647    
/THERæREVENUE 3,437  
Total non-interest revenues $ 29,906    
Total revenues, net of interest expense $ 78,353    
Provisions for credit losses and for benefits and claims
0ROVISIONæFORæLOANæLOSSES $ 11,773    
0OLICYHOLDERæBENEFITSæANDæCLAIMS 972  
0ROVISIONæRELEASEæFORæUNFUNDEDæLENDINGæCOMMITMENTS 51  
Total provisions for credit losses and for benefits and claims $ 12,796    
Operating expenses
#OMPENSATIONæANDæBENEFITS $ 25,688    
0REMISESæANDæEQUIPMENT 3,326  
4ECHNOLOGYCOMMUNICATION 5,133  
!DVERTISINGæANDæMARKETING 2,346  
2ESTRUCTURING — 
/THERæOPERATING 14,440  
Total operating expenses $ 50,933    
Income (loss) from continuing operations before income taxes $ 14,624    
0ROVISIONæBENEFITæFORæINCOMEæTAXES 3,521  
Income (loss) from continuing operations $ 11,103    
Discontinued operations
)NCOMEæLOSSæFROMæDISCONTINUEDæOPERATIONS $23   
'AINæLOSSæONæSALE 155  
0ROVISIONæBENEFITæFORæINCOMEæTAXES 66  
Income (loss) from discontinued operations, net of taxes $ 112    
Net income (loss) before attribution of noncontrolling interests $ 11,215    
.ETæINCOMEæATTRIBUTABLEæTOæNONCONTROLLINGæINTERESTS 148  
Citigroup’s net income (loss) $ 11,067    
Basic earnings per share (1)(2)
)NCOMEæLOSSæFROMæCONTINUINGæOPERATIONS $ 3.69    
)NCOMEæLOSSæFROMæDISCONTINUEDæOPERATIONSæNETæOFæTAXES 0.04  
Net income (loss) $ 3.73    
Weighted average common shares outstanding 2,909.8  
Diluted earnings per share (1)(2)
)NCOMEæLOSSæFROMæCONTINUINGæOPERATIONS $ 3.59    
)NCOMEæLOSSæFROMæDISCONTINUEDæOPERATIONSæNETæOFæTAXES 0.04  
Net income (loss) $ 3.63    
Adjusted weighted average common shares outstanding 2,998.8  
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æ $UEæTOæTHEæNETæLOSSæAVAILABLEæTOæCOMMONæSHAREHOLDERSæINææLOSSæAVAILABLEæTOæCOMMONæSTOCKHOLDERSæFORæBASICæ%03æWASæUSEDæTOæCALCULATEæDILUTEDæ%03ææ)NCLUDINGæTHEæEFFECTæOFæDILUTIVEæSECURITIESæWOULDæRESULTæINæANTIDILUTION
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