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Citibank 2014 Annual Report Download - page 150

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133

FINANCIAL STATEMENTS AND NOTES TABLE OF CONTENTS

CONSOLIDATED FINANCIAL STATEMENTS

Consolidated Statement of Income—

For the Years Ended December 31, 2014, 2013 and 2012 134

Consolidated Statement of Comprehensive Income—

For the Years Ended December 31, 2014, 2013 and 2012 135

Consolidated Balance Sheet—December 31, 2014 and 2013 136

Consolidated Statement of Changes in Stockholders’ Equity—

For the Years Ended December 31, 2014, 2013 and 2012 138

Consolidated Statement of Cash Flows—

For the Years Ended December 31, 2014, 2013 and 2012 139

NOTES TO CONSOLIDATED FINANCIAL

STATEMENTS

Note 1 – Summary of Significant Accounting Policies 141

Note 2 – Discontinued Operations and Significant Disposals 155

Note 3 – Business Segments 158

Note 4 – Interest Revenue and Expense 159

Note 5 – Commissions and Fees 160

Note 6 – Principal Transactions 161

Note 7 – Incentive Plans 162

Note 8 – Retirement Benefits 166

Note 9 – Income Taxes 181

Note 10 – Earnings per Share 186

Note 11 – Federal Funds, Securities Borrowed, Loaned and

Subject to Repurchase Agreements 187

Note 12 – Brokerage Receivables and Brokerage Payables 189

Note 13 – Trading Account Assets and Liabilities 189

Note 14 – Investments 190

Note 15 – Loans 200

Note 16 – Allowance for Credit Losses 212

Note 17 – Goodwill and Intangible Assets 214

Note 18 – Debt 217

Note 19 – Regulatory Capital and Citigroup Inc. Parent

Company Information 219

Note 20 – Changes in Accumulated Other Comprehensive

Income (Loss) 222

Note 21 – Preferred Stock 225

Note 22 – Securitizations and Variable Interest Entities 226

Note 23 – Derivatives Activities 245

Note 24 – Concentrations of Credit Risk 257

Note 25 – Fair Value Measurement 258

Note 26 – Fair Value Elections 279

Note 27 – Pledged Assets, Collateral, Guarantees and Commitments 283

Note 28 – Contingencies 289

Note 29 – Selected Quarterly Financial Data (Unaudited) 299