Citigroup, Inc. (C) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
388 GREENWICH STREET NEW YORK, NY 10013 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6021 - National Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 342,920 | 263,065 | 310,681 | 195,081 | 188,105 | 432,072 | |||
| Cash and cash equivalents | 342,025 | 262,033 | 309,615 | 193,919 | 188,105 | 180,516 | |||
| Short-term investments | 895 | 1,032 | 1,066 | 1,162 | 251,556 | ||||
| Restricted cash and investments | 99,460 | ||||||||
| Financing receivable, accrued interest, after allowance for credit loss | 1,000 | ✕ | ✕ | ✕ | |||||
| Total current assets: | 343,920 | 263,065 | 310,681 | 195,081 | 188,105 | 531,532 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,892 | 2,900 | 2,800 | 3,100 | ✕ | ✕ | |||
| Intangible assets, net (including goodwill) | 24,119 | 25,794 | 26,909 | 26,948 | 27,266 | 26,844 | |||
| Goodwill | 19,691 | 21,299 | 22,162 | 22,126 | 22,046 | 22,256 | |||
| Intangible assets, net (excluding goodwill) | 4,428 | 4,495 | 4,747 | 4,822 | 5,220 | 4,588 | |||
| Total noncurrent assets: | 27,011 | 28,694 | 29,709 | 30,048 | 27,266 | 26,844 | |||
| Other undisclosed assets | 2,045,745 | 1,999,654 | 1,919,700 | 1,726,029 | 1,702,012 | 1,284,089 | |||
| TOTAL ASSETS: | 2,416,676 | 2,291,413 | 2,260,090 | 1,951,158 | 1,917,383 | 1,842,465 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 47,096 | 27,973 | 29,514 | 45,049 | 32,346 | 44,452 | |||
| Total current liabilities: | 47,096 | 27,973 | 29,514 | 45,049 | 32,346 | 44,452 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,167,742 | 2,060,768 | 2,030,376 | 1,712,163 | 1,687,963 | 1,596,341 | |||
| Total liabilities: | 2,214,838 | 2,088,741 | 2,059,890 | 1,757,212 | 1,720,309 | 1,640,793 | |||
| Equity | |||||||||
| Equity, attributable to parent | 201,189 | 201,972 | 199,442 | 193,242 | 196,220 | 200,740 | |||
| Preferred stock | 18,995 | 18,995 | 19,480 | 17,980 | 18,460 | 19,253 | |||
| Common stock | 31 | 31 | 31 | 31 | 31 | 31 | |||
| Treasury stock, value | (73,967) | (71,240) | (64,129) | (61,660) | (44,370) | (30,309) | |||
| Additional paid in capital | 108,458 | 108,003 | 107,846 | 107,840 | 107,922 | 108,008 | |||
| Accumulated other comprehensive loss | (47,062) | (38,765) | (32,058) | (36,318) | (37,170) | (34,668) | |||
| Retained earnings | 194,734 | 184,948 | 168,272 | 165,369 | 151,347 | 138,425 | |||
| Equity, attributable to noncontrolling interest | 649 | 700 | 758 | 704 | 854 | 932 | |||
| Total equity: | 201,838 | 202,672 | 200,200 | 193,946 | 197,074 | 201,672 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,416,676 | 2,291,413 | 2,260,090 | 1,951,158 | 1,917,383 | 1,842,465 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 75,338 | 71,884 | 74,298 | 74,286 | 72,854 | 71,449 | ||
| Principal transactions revenue, net | ✕ | ✕ | 10,154 | 13,885 | 8,892 | 9,062 | ✕ | |
| Net investment income | 66,990 | 45,110 | 51,964 | 68,838 | 64,544 | 55,702 | ||
| Revenues, excluding interest and dividends | 14,159 | |||||||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 25,186 | |
| Cost of revenue | (4,839) | (17,495) | (8,383) | (7,568) | (7,451) | |||
| Provision for loan, lease, and other losses | (4,745) | (15,922) | (8,218) | (7,568) | ✕ | |||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (7,451) | |
| Gross profit: | 70,499 | 71,884 | 56,803 | 65,903 | 65,286 | 63,998 | ||
| Operating expenses | (12,463) | (11,632) | (10,933) | (10,921) | (11,062) | (32,133) | ||
| Operating income: | 58,036 | 60,252 | 45,870 | 54,982 | 54,224 | 31,865 | ||
| Interest and debt expense | (25,740) | (7,981) | (14,541) | (29,163) | (24,266) | (16,517) | ||
| Income from continuing operations before equity method investments, income taxes: | 32,296 | 52,271 | 31,329 | 25,819 | 29,958 | 15,348 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (13,489) | (24,802) | (17,697) | (1,918) | (6,513) | 7,413 | ||
| Income from continuing operations before income taxes: | 18,807 | 27,469 | 13,632 | 23,901 | 23,445 | 22,761 | ||
| Income tax expense | (3,642) | (5,451) | (2,525) | (4,430) | (5,357) | (29,388) | ||
| Income (loss) from continuing operations: | 15,165 | 22,018 | 11,107 | 19,471 | 18,088 | (6,627) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 22,025 | 11,087 | 19,467 | 18,080 | (6,738) | ||
| Income (loss) from discontinued operations | (231) | 7 | (20) | (4) | (8) | (111) | ||
| Net income (loss): | 14,934 | 22,025 | 11,087 | 19,467 | 18,080 | (6,738) | ||
| Net loss attributable to noncontrolling interest | (89) | (73) | (40) | (66) | (35) | (60) | ||
| Net income (loss) attributable to parent: | 14,845 | 21,952 | 11,047 | 19,401 | 18,045 | (6,798) | ||
| Other undisclosed net loss available to common stockholders, basic | (1,145) | (1,194) | (1,168) | (1,230) | (1,373) | (1,250) | ||
| Net income (loss) available to common stockholders, basic: | 13,700 | 20,758 | 9,879 | 18,171 | 16,672 | (8,048) | ||
| Other undisclosed net income available to common stockholders, diluted | 41 | 31 | 30 | 33 | ||||
| Net income (loss) available to common stockholders, diluted: | 13,741 | 20,789 | 9,909 | 18,204 | 16,672 | (8,048) | ||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 14,934 | 22,025 | 11,087 | 19,467 | 18,080 | (6,738) | ||
| Other comprehensive income (loss) | 1,513 | (1,237) | 852 | (2,499) | (2,791) | |||
| Other undisclosed comprehensive income (loss) | (8,355) | (8,319) | 5,523 | (43) | 114 | |||
| Comprehensive income (loss): | 6,579 | 15,219 | 15,373 | 20,319 | 15,538 | (9,415) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (31) | 26 | (66) | (66) | 8 | (174) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 6,548 | 15,245 | 15,307 | 20,253 | 15,546 | (9,589) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.