Citibank 2015 Annual Report Download - page 313

295
Condensed Consolidating Statements of Income and Comprehensive Income
Year ended December 31, 2014
In millions of dollars
Citigroup
parent
company CGMHI
Other Citigroup
subsidiaries and
eliminations
Consolidating
adjustments
Citigroup
consolidated
Revenues
Dividends from subsidiaries $ 8,900 $ — $ — $(8,900) $ —
Interest revenue 12 4,210 57,461 — 61,683
Interest revenue—intercompany 3,109 144 (3,253) — —
Interest expense 5,055 1,010 7,625 — 13,690
Interest expense—intercompany (618) 1,258 (640) — —
Net interest revenue $(1,316) $ 2,086 $47,223 $ — $47,993
Commissions and fees $ — $ 5,185 $ 7,847 $ — $13,032
Commissions and fees—intercompany — 95 (95) — —
Principal transactions 13 (1,115) 7,800 — 6,698
Principal transactions—intercompany (672) 3,822 (3,150) — —
Other income 1,037 425 8,034 — 9,496
Other income—intercompany (131) 1,206 (1,075) — —
Total non-interest revenues $ 247 $ 9,618 $19,361 $ — $ 29,226
Total revenues, net of interest expense $ 7,831 $11,704 $66,584 $(8,900) $77,219
Provisions for credit losses and for benefits and claims $ — $ — $ 7,467 $ — $ 7,467
Operating expenses
Compensation and benefits $ 158 $ 5,156 $18,645 $ — $ 23,959
Compensation and benefits—intercompany 38 — (38) — —
Other operating 1,572 6,082 23,438 — 31,092
Other operating—intercompany 212 1,651 (1,863) — —
Total operating expenses $ 1,980 $12,889 $40,182 $ — $55,051
Income (loss) before income taxes and equity in
undistributed income of subsidiaries $ 5,851 $ (1,185) $18,935 $(8,900) $14,701
Provision (benefit) for income taxes (643) 600 7,240 — 7,197
Equity in undistributed income of subsidiaries 816 — (816) —
Income (loss) from continuing operations $ 7,310 $ (1,785) $11,695 $(9,716) $ 7,504
Income (loss) from discontinued operations, net of taxes — — (2) — (2)
Net income (loss) before attribution of noncontrolling interests $ 7,310 $ (1,785) $11,693 $(9,716) $ 7,502
Net income attributable to noncontrolling interests — 8 184 — 192
Net income (loss) after attribution of noncontrolling interests $ 7,310 $ (1,793) $11,509 $(9,716) $ 7,310
Comprehensive income
Other comprehensive income (loss) $(4,083) $ 194 $ (4,760) $ 4,566 $ (4,083)
Comprehensive income $ 3,227 $ (1,599) $ 6,749 $(5,150) $ 3,227