Citigroup (C) FY2012 results: revenue $69.5 billion, down 10.1% on the year
Citigroup Inc. (C) reported revenue of $69.5 billion for fiscal 2012, the year ended 31 December 2012, down 10.1% on the year before. Net income was $7.5 billion, down 32.3%, and diluted earnings per share $2.42. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$69.5 billion
-10.1% on the year
FY2007FY2012
Operating margin
28.0%
35.0% a year earlier
FY2007FY2012
Net income
$7.5 billion
-32.3% on the year
FY2007FY2012
Diluted EPS
$2.42
-33.3% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
69,530
77,331
85,776
-10.1%
Operating income
19,494
27,081
38,925
-28.0%
Operating margin
28.0%
35.0%
45.4%
Interest expense
20,612
24,234
25,057
-14.9%
Pre-tax income
8,165
14,722
13,116
-44.5%
Income tax
397
3,575
2,217
-88.9%
Effective tax rate
4.9%
24.3%
16.9%
Net income
7,491
11,067
10,602
-32.3%
Net margin
10.8%
14.3%
12.4%
Diluted EPS
$2.42
$3.63
$3.50
-33.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
n/a
n/a
40,660
Capital expenditure
3,604
3,448
2,363
+4.5%
Free cash flow
n/a
n/a
38,297
Depreciation and amortisation
2,507
2,872
2,664
-12.7%
Share-based compensation
1,665
1,630
1,937
+2.1%
Buybacks
5.0
1.0
6.0
+400.0%
Dividends paid
143
107
9.0
+33.6%
Diluted shares, weighted
3,016m
2,999m
2,968m
+0.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
189,049
177,806
163,468
+6.3%
Non-controlling interest
1,948
1,767
2,321
+10.2%
Deposits
930,560
865,936
844,968
+7.5%
Repurchase agreements
211,236
198,373
189,558
+6.5%
Trading liabilities
115,549
126,082
129,054
-8.4%
Debt
502,726
576,319
649,531
-12.8%
Total liabilities and equity
1,864,660
1,873,878
1,913,902
-0.5%
Goodwill
25,673
25,413
26,152
+1.0%
Intangible assets
5,697
6,600
n/a
-13.7%
Securities held for sale or to maturity
293,883
268,502
297,226
+9.5%
Loans
630,009
617,127
608,139
+2.1%
Resale agreements
261,311
275,849
246,717
-5.3%
Trading assets
320,929
291,734
317,272
+10.0%
Other assets
327,158
388,653
418,396
-15.8%
Total assets
1,864,660
1,873,878
1,913,902
-0.5%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.