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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

 
2018
2017
In millions of dollars, except per share amounts
Fourth
Third
Second
First
Fourth(1)
Third
Second
First
Revenues, net of interest expense
$
17,124

$
18,389

$
18,469

$
18,872

$
17,504

$
18,419

$
18,155

$
18,366

Operating expenses
9,893

10,311

10,712

10,925

10,332

10,417

10,760

10,723

Provisions for credit losses and for benefits and claims
1,925

1,974

1,812

1,857

2,073

1,999

1,717

1,662

Income from continuing operations before income taxes
$
5,306

$
6,104

$
5,945

$
6,090

$
5,099

$
6,003

$
5,678

$
5,981

Income taxes
1,001

1,471

1,444

1,441

23,864

1,866

1,795

1,863

Income (loss) from continuing operations
$
4,305

$
4,633

$
4,501

$
4,649

$
(18,765
)
$
4,137

$
3,883

$
4,118

Income (loss) from discontinued operations, net of taxes
(8
)
(8
)
15

(7
)
(109
)
(5
)
21

(18
)
Net income before attribution of noncontrolling interests
$
4,297

$
4,625

$
4,516

$
4,642

$
(18,874
)
$
4,132

$
3,904

$
4,100

Noncontrolling interests
(16
)
3

26

22

19

(1
)
32

10

Citigroup’s net income (loss)
$
4,313

$
4,622

$
4,490

$
4,620

$
(18,893
)
$
4,133

$
3,872

$
4,090

Earnings per share(2)
 

 

 

 

 

 

 

 

Basic
 

 

 

 

 

 

 

 

Income (loss) from continuing operations
$
1.65

$
1.74

$
1.62

$
1.68

$
(7.33
)
$
1.42

$
1.27

$
1.36

Net income (loss)
1.65

1.73

1.63

1.68

(7.38
)
1.42

1.28

1.35

Diluted
 
 
 
 
 

 

 

 

Income (loss) from continuing operations
1.65

1.74

1.62

1.68

(7.33
)
1.42

1.27

1.36

Net income (loss)
1.64

1.73

1.63

1.68

(7.38
)
1.42

1.28

1.35


This Note to the Consolidated Financial Statements is unaudited due to the Company’s individual quarterly results not being subject to an audit.
(1)
The fourth quarter of 2017 includes the one-time impact of Tax Reform. See Notes 1 and 9 to the Consolidated Financial Statements.
(2)
Due to averaging of shares, quarterly earnings per share may not sum to the totals reported for the full year.