Citigroup (C) FY2013 results: revenue $76.7 billion, up 10.3% on the year
Citigroup Inc. (C) reported revenue of $76.7 billion for fiscal 2013, the year ended 31 December 2013, up 10.3% on the year before. Net income was $13.7 billion, up 82.5%, and diluted earnings per share $4.35. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$76.7 billion
+10.3% on the year
FY2007FY2013
Operating margin
37.0%
28.0% a year earlier
FY2007FY2013
Net income
$13.7 billion
+82.5% on the year
FY2007FY2013
Diluted EPS
$4.35
+79.8% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
76,724
69,530
77,331
+10.3%
Operating income
28,369
19,494
27,081
+45.5%
Operating margin
37.0%
28.0%
35.0%
Interest expense
16,177
20,612
24,234
-21.5%
Pre-tax income
19,802
8,165
14,722
+142.5%
Income tax
6,186
397
3,575
+1,458.2%
Effective tax rate
31.2%
4.9%
24.3%
Net income
13,673
7,491
11,067
+82.5%
Net margin
17.8%
10.8%
14.3%
Diluted EPS
$4.35
$2.42
$3.63
+79.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Capital expenditure
3,490
3,604
3,448
-3.2%
Depreciation and amortisation
3,303
2,507
2,872
+31.8%
Share-based compensation
n/a
1,665
1,630
Buybacks
837
5.0
1.0
+16,640.0%
Dividends paid
314
143
107
+119.6%
Diluted shares, weighted
3,042m
3,016m
2,999m
+0.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
204,339
189,049
177,806
+8.1%
Non-controlling interest
1,794
1,948
1,767
-7.9%
Deposits
968,273
930,560
865,936
+4.1%
Repurchase agreements
n/a
211,236
198,373
Trading liabilities
108,762
115,549
126,082
-5.9%
Debt
483,572
502,726
576,319
-3.8%
Other liabilities
113,642
n/a
n/a
Total liabilities and equity
1,880,382
1,864,660
1,873,878
+0.8%
Goodwill
25,009
25,673
25,413
-2.6%
Intangible assets
5,056
5,697
6,600
-11.3%
Securities held for sale or to maturity
293,376
293,883
268,502
-0.2%
Loans
645,824
630,009
617,127
+2.5%
Resale agreements
n/a
261,311
275,849
Trading assets
285,928
320,929
291,734
-10.9%
Other assets
625,189
327,158
388,653
+91.1%
Total assets
1,880,382
1,864,660
1,873,878
+0.8%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.