Citibank 2013 Annual Report Download - page 253

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Citigroup Inc. Parent Company Only Income Statement and Statement of Comprehensive Income
Years ended December 31,
In millions of dollars 2013 2012 2011
Revenues
Interest revenue $ 3,234 $ 3,384 $ 3,684
Interest expense 5,559 6,573 7,618
Net interest expense $ (2,325) $ (3,189) $ (3,934)
Dividends from subsidiaries 13,044 20,780 13,046
Non-interest revenue 139 613 939
Total revenues, net of interest expense $10,858 $ 18,204 $10,051
Total operating expenses $ 851 $ 1,497 $ 1,503
Income before taxes and equity in undistributed income of subsidiaries $10,007 $ 16,707 $ 8,548
Benefit for income taxes (1,637) (2,062) (1,821)
Equity in undistributed income (loss) of subsidiaries 2,029 (11,228)698
Parent company’s net income $13,673 $ 7,541 $11,067
Comprehensive income
Parent company’s net income $13,673 $ 7,541 $11,067
Other comprehensive income (loss) (2,237) 892 (1,511)
Parent company’s comprehensive income $11,436 $ 8,433 $ 9,556
Citigroup Inc. Parent Company Only Balance Sheet
Years ended December 31,
In millions of dollars 2013 2012
Assets
Cash and due from banks $ 233 $ 153
Trading account assets 184 150
Investments 1,032 1,676
Advances to subsidiaries 83,110 107,074
Investments in subsidiaries 203,739 184,615
Other assets (1) 106,170 102,335
Total assets $394,468 $396,003
Liabilities
Federal funds purchased and securities loaned or sold under agreements to repurchase $ 185 $ 185
Trading account liabilities 165 170
Short-term borrowings 382 725
Long-term debt 156,804 176,553
Advances from subsidiaries other than banks 24,181 12,759
Other liabilities 8,412 16,562
Total liabilities $190,129 $206,954
Total equity 204,339 189,049
Total liabilities and equity $394,468 $396,003
(1) Other assets included $43.3 billion of placements to Citibank, N.A. and its branches at December 31, 2013, of which $33.6 billion had a remaining term of less than 30 days. Other assets at December 31, 2012
included $30.2 billion of placements to Citibank, N.A. and its branches, of which $28.2 billion had a remaining term of less than 30 days.