Citibank 2015 Annual Report Download - page 312

294
Condensed Consolidating Statements of Income and Comprehensive Income
Year ended December 31, 2015
In millions of dollars
Citigroup
parent
company CGMHI
Other Citigroup
subsidiaries and
eliminations
Consolidating
adjustments
Citigroup
consolidated
Revenues
Dividends from subsidiaries $13,500 $ — $ — $(13,500) $ —
Interest revenue 9 4,389 54,153 — 58,551
Interest revenue—intercompany 2,880 272 (3,152) — —
Interest expense 4,563 997 6,361 — 11,921
Interest expense—intercompany (475) 1,295 (820) — —
Net interest revenue $ (1,199) $ 2,369 $45,460 $ — $ 46,630
Commissions and fees $ — $ 4,854 $ 6,994 $ — $11,848
Commissions and fees—intercompany — 214 (214) — —
Principal transactions 1,012 10,365 (5,369) — 6,008
Principal transactions—intercompany (1,733) (8,709) 10,442 — —
Other income 3,294 426 8,148 — 11,868
Other income—intercompany (3,054) 1,079 1,975 — —
Total non-interest revenues $ (481) $ 8,229 $21,976 $ — $29,724
Total revenues, net of interest expense $11,820 $10,598 $67,436 $(13,500) $76,354
Provisions for credit losses and for benefits and claims $ — $ — $ 7,913 $ — $ 7,913
Operating expenses
Compensation and benefits $ (58) $ 5,003 $16,824 $ — $ 21,769
Compensation and benefits—intercompany 59 — (59) — —
Other operating 271 1,948 19,627 — 21,846
Other operating—intercompany 247 1,164 (1,411) — —
Total operating expenses $ 519 $ 8,115 $34,981 $ — $43,615
Income (loss) before income taxes and equity in
undistributed income of subsidiaries $11,301 $ 2,483 $24,542 $(13,500) $24,826
Provision (benefit) for income taxes (1,340) 537 8,243 — 7,440
Equity in undistributed income of subsidiaries 4,601 — — (4,601) —
Income (loss) from continuing operations $17,242 $ 1,946 $16,299 $(18,101) $17,386
Income (loss) from discontinued operations, net of taxes — — (54) — (54)
Net income (loss) before attribution of noncontrolling interests $17,242 $ 1,946 $16,245 $(18,101) $17,332
Net income attributable to noncontrolling interests — 9 81 — 90
Net income (loss) after attribution of noncontrolling interests $17,242 $ 1,937 $16,164 $(18,101) $17,242
Comprehensive income
Other comprehensive income (loss) $ (6,128) $ (125) $ (6,367) $ 6,492 $ (6,128)
Comprehensive income $11,114 $ 1,812 $ 9,797 $(11,609) $11,114