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 investments342,920263,065310,681195,081188,105432,072
Cash and cash equivalents342,025262,033309,615193,919188,105180,516
Short-term investments8951,0321,0661,162 251,556
Restricted cash and investments      99,460
Financing receivable, accrued interest, after allowance for credit loss 1,000  
Total current assets:343,920263,065310,681195,081188,105531,532
Noncurrent Assets
Operating lease, right-of-use asset2,8922,9002,8003,100
Intangible assets, net (including goodwill)24,11925,79426,90926,94827,26626,844
Goodwill19,69121,29922,16222,12622,04622,256
Intangible assets, net (excluding goodwill)4,4284,4954,7474,8225,2204,588
Total noncurrent assets:27,01128,69429,70930,04827,26626,844
Other undisclosed assets2,045,7451,999,6541,919,7001,726,0291,702,0121,284,089
TOTAL ASSETS:2,416,6762,291,4132,260,0901,951,1581,917,3831,842,465
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt47,09627,97329,51445,04932,34644,452
Total current liabilities:47,09627,97329,51445,04932,34644,452
Noncurrent Liabilities
Other undisclosed liabilities2,167,7422,060,7682,030,3761,712,1631,687,9631,596,341
Total liabilities:2,214,8382,088,7412,059,8901,757,2121,720,3091,640,793
Equity
Equity, attributable to parent201,189201,972199,442193,242196,220200,740
Preferred stock18,99518,99519,48017,98018,46019,253
Common stock313131313131
Treasury stock, value(73,967)(71,240)(64,129)(61,660)(44,370)(30,309)
Additional paid in capital108,458108,003107,846107,840107,922108,008
Accumulated other comprehensive loss(47,062)(38,765)(32,058)(36,318)(37,170)(34,668)
Retained earnings194,734184,948168,272165,369151,347138,425
Equity, attributable to noncontrolling interest649700758704854932
Total equity:201,838202,672200,200193,946197,074201,672
TOTAL LIABILITIES AND EQUITY:2,416,6762,291,4132,260,0901,951,1581,917,3831,842,465

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
Revenues75,33871,88474,29874,28672,85471,449
Principal transactions revenue, net10,15413,8858,8929,062
Net investment income66,99045,11051,96468,83864,54455,702
Revenues, excluding interest and dividends14,159     
Financial services revenue25,186
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:70,49971,88456,80365,90365,28663,998
Operating expenses(12,463)(11,632)(10,933)(10,921)(11,062)(32,133)
Operating income:58,03660,25245,87054,98254,22431,865
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:32,29652,27131,32925,81929,95815,348
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:18,80727,46913,63223,90123,44522,761
Income tax expense(3,642)(5,451)(2,525)(4,430)(5,357)(29,388)
Income (loss) from continuing operations:15,16522,01811,10719,47118,088(6,627)
Income (loss) before gain (loss) on sale of properties:22,02511,08719,46718,080(6,738)
Income (loss) from discontinued operations(231)7(20)(4)(8)(111)
Net income (loss):14,93422,02511,08719,46718,080(6,738)
Net loss attributable to noncontrolling interest(89)(73)(40)(66)(35)(60)
Net income (loss) attributable to parent:14,84521,95211,04719,40118,045(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:13,70020,7589,87918,17116,672(8,048)
Other undisclosed net income available to common stockholders, diluted41313033  
Net income (loss) available to common stockholders, diluted:13,74120,7899,90918,20416,672(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):14,93422,02511,08719,46718,080(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):6,57915,21915,37320,31915,538(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:6,54815,24515,30720,25315,546(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.

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