Citibank 2011 Annual Report Download - page 299

277
Condensed Consolidating Statements of Income
Year ended December 31, 2011
In millions of dollars
Citigroup
parent
company CGMHI CFI CCC Associates
Other
Citigroup
subsidiaries,
eliminations
and income
from
discontinued
operations
Consolidating
adjustments
Citigroup
consolidated
Revenues
$IVIDENDSæFROMæSUBSIDIARIES $13,046 $ — $ — $ — $ — $ — $(13,046) $ —
)NTERESTæREVENUE 220 5,852 — 4,036 4,666 61,943 (4,036) 72,681
)NTERESTæREVENUEINTERCOMPANY 3,464 2,143 2,496 101 370 (8,473) (101) —
)NTERESTæEXPENSE 8,138 2,387 2,057 97 281 11,371 (97) 24,234
)NTERESTæEXPENSEINTERCOMPANY (520) 3,357 432 1,438 1,261 (4,530) (1,438) —
Net interest revenue $ (3,934) $ 2,251 $ 7 $ 2,602 $ 3,494 $ 46,629 $ (2,602) $48,447
#OMMISSIONSæANDæFEES $ — $ 4,209 $ — $ 6 $ 85 $ 8,556 $ (6) $12,850
#OMMISSIONSæANDæFEESINTERCOMPANY — 24 — 84 98 (122) (84) —
0RINCIPALæTRANSACTIONS (166) 1,540 2,253 — (22) 3,629 — 7,234
0RINCIPALæTRANSACTIONSINTERCOMPANY (4) (793) (1,208) — — 2,005 — —
/THERæINCOME (3,891) 719 27 562 603 12,364 (562) 9,822
/THERæINCOMEINTERCOMPANY 5,000 377 75 (115) 6 (5,458) 115 —
Total non-interest revenues $ 939 $ 6,076 $ 1,147 $ 537 $ 770 $ 20,974 $ (537) $29,906
Total revenues, net of interest expense $10,051 $ 8,327 $ 1,154 $ 3,139 $ 4,264 $ 67,603 $(16,185) $78,353
Provisions for credit losses and for benefits
and claims $ — $ 7 $ — $ 1,518 $ 1,707 $ 11,082 $ (1,518) $12,796
Expenses
#OMPENSATIONæANDæBENEFITS $ 133 $ 5,540 $ — $ 449 $ 632 $ 19,383 $ (449) $25,688
#OMPENSATIONæANDæBENEFITSINTERCOMPANY 7 237 — 117 117 (361) (117) —
/THERæEXPENSE 948 2,734 2 572 712 20,849 (572) 25,245
/THERæEXPENSEINTERCOMPANY 415 718 (34) 332 386 (1,485) (332) —
Total operating expenses $ 1,503 $ 9,229 $ (32) $ 1,470 $ 1,847 $ 38,386 $ (1,470) $50,933
Income (loss) before taxes and equity in
undistributed income of subsidiaries $ 8,548 $ (909) $ 1,186 $ 151 $ 710 $ 18,135 $(13,197) $14,624
0ROVISIONæBENEFITæFORæINCOMEæTAXES (1,821) (238) 422 44 295 4,863 (44) 3,521
%QUITYæINæUNDISTRIBUTEDæINCOMEæOFæSUBSIDIARIES 698 — — — — — (698) —
Income (loss) from continuing operations $11,067 $ (671) $ 764 $ 107 $ 415 $ 13,272 $(13,851) $11,103
Income (loss) from discontinued operations,
net of taxes — — — — — 112 — 112
Net income (loss) before attribution of
noncontrolling interests $11,067 $ (671) $ 764 $ 107 $ 415 $ 13,384 $(13,851) $11,215
Net income (loss) attributable to
noncontrolling interests — 25 — — — 123 — 148
Net income (loss) after attribution of
noncontrolling interests $11,067 $ (696) $ 764 $ 107 $ 415 $ 13,261 $(13,851) $11,067