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 |
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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. |
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