Citibank 2014 Annual Report Download - page 237

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Citigroup Inc. Parent Company Only Income Statement and Statement of Comprehensive Income
Years ended December 31,
In millions of dollars 2014 2013 2012
Revenues
Interest revenue $ 3,121 $ 3,234 $ 3,384
Interest expense 4,437 5,559 6,573
Net interest expense $(1,316) $ (2,325) $ (3,189)
Dividends from subsidiaries 8,900 13,044 20,780
Non-interest revenue 247 139 613
Total revenues, net of interest expense $ 7,831 $10,858 $ 18,204
Total operating expenses $ 1,980 $ 851 $ 1,497
Income before taxes and equity in undistributed income of subsidiaries $ 5,851 $10,007 $ 16,707
Benefit for income taxes (643) (1,637) (2,062)
Equity in undistributed income (loss) of subsidiaries 819 2,029 (11,228)
Parent company’s net income $ 7,313 $ 13,673 $ 7,541
Comprehensive income
Parent company’s net income $ 7,313 $13,673 $ 7,541
Other comprehensive income (loss) (4,083) (2,237) 892
Parent company’s comprehensive income $ 3,230 $11,436 $ 8,433
Citigroup Inc. Parent Company Only Balance Sheet
Years ended December 31,
In millions of dollars 2014 2013
Assets
Cash and due from banks $ 125 $ 233
Trading account assets 604 184
Investments 830 1,032
Advances to subsidiaries 77,951 83,110
Investments in subsidiaries 211,353 203,739
Other assets (1) 110,908 106,170
Total assets $401,771 $394,468
Liabilities
Federal funds purchased and securities loaned or sold under agreements to repurchase $ 185 $ 185
Trading account liabilities 762 165
Short-term borrowings 1,075 382
Long-term debt 149,512 156,804
Advances from subsidiaries other than banks 27,430 24,181
Other liabilities 12,273 8,412
Total liabilities $191,237 $190,129
Total equity 210,534 204,339
Total liabilities and equity $401,771 $394,468
(1) Other assets included $42.7 billion of placements to Citibank, N.A. and its branches at December 31, 2014, of which $33.9 billion had a remaining term of less than 30 days. Other assets at December 31, 2013
included $43.3 billion of placements to Citibank, N.A. and its branches, of which $33.6 billion had a remaining term of less than 30 days.