Citibank 2015 Annual Report Download - page 321

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31. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
2015 2014
In millions of dollars, except per share amounts Fourth Third Second First Fourth Third Second First
Revenues, net of interest expense $18,456 $18,692 $19,470 $19,736 $17,899 $19,689 $19,425 $20,206
Operating expenses 11,134 10,669 10,928 10,884 14,426 12,955 15,521 12,149
Provisions for credit losses and for benefits and claims 2,514 1,836 1,648 1,915 2,013 1,750 1,730 1,974
Income from continuing operations before income taxes $ 4,808 $ 6,187 $ 6,894 $ 6,937 $ 1,460 $ 4,984 $ 2,174 $ 6,083
Income taxes 1,403 1,881 2,036 2,120 1,077 2,068 1,921 2,131
Income from continuing operations $ 3,405 $ 4,306 $ 4,858 $ 4,817 $ 383 $ 2,916 $ 253 $ 3,952
Income (loss) from discontinued operations, net of taxes (45) (10) 6 (5) (1) (16)(22)37
Net income before attribution of noncontrolling interests $ 3,360 $ 4,296 $ 4,864 $ 4,812 $ 382 $ 2,900 $ 231 $ 3,989
Noncontrolling interests 25 5 18 42 38 59 50 45
Citigroup’s net income $ 3,335 $ 4,291 $ 4,846 $ 4,770 $ 344 $ 2,841 $ 181 $ 3,944
Earnings per share (1)
Basic
Income from continuing operations $ 1.04 $ 1.36 $ 1.51 $ 1.51 $ 0.06 $ 0.89 $ 0.03 $ 1.23
Net income 1.02 1.36 1.52 1.51 0.06 0.88 0.03 1.24
Diluted
Income from continuing operations 1.03 1.36 1.51 1.51 0.06 0.88 0.03 1.22
Net income 1.02 1.35 1.51 1.51 0.06 0.88 0.03 1.23
Common stock price per share
High 55.87 60.34 57.39 54.26 56.37 53.66 49.58 55.20
Low 49.88 49.00 51.52 46.95 49.68 46.90 45.68 46.34
Close 51.75 49.61 55.24 51.52 54.11 51.82 47.10 47.60
Dividends per share of common stock 0.05 0.05 0.05 0.01 0.01 0.01 0.01 0.01
This Note to the Consolidated Financial Statements is unaudited due to the Company’s individual quarterly results not being subject to an audit.
(1) Due to averaging of shares, quarterly earnings per share may not sum to the totals reported for the full year.
[End of Consolidated Financial Statements and Notes to Consolidated Financial Statements]