Citigroup (C) FY2014 results: revenue $77.2 billion, up 0.6% on the year
Citigroup Inc. (C) reported revenue of $77.2 billion for fiscal 2014, the year ended 31 December 2014, up 0.6% on the year before. Net income was $7.3 billion, down 46.5%, and diluted earnings per share $2.20. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2015.
Revenue
$77.2 billion
+0.6% on the year
FY2007FY2014
Operating margin
28.7%
37.0% a year earlier
FY2007FY2014
Net income
$7.3 billion
-46.5% on the year
FY2007FY2014
Diluted EPS
$2.20
-49.4% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
77,219
76,724
69,530
+0.6%
Operating income
22,168
28,369
19,494
-21.9%
Operating margin
28.7%
37.0%
28.0%
Interest expense
13,690
16,177
20,612
-15.4%
Pre-tax income
14,701
19,802
8,165
-25.8%
Income tax
7,197
6,186
397
+16.3%
Effective tax rate
49.0%
31.2%
4.9%
Net income
7,313
13,673
7,491
-46.5%
Net margin
9.5%
17.8%
10.8%
Diluted EPS
$2.20
$4.35
$2.42
-49.4%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
46,343
n/a
n/a
Capital expenditure
3,386
3,490
3,604
-3.0%
Free cash flow
42,957
n/a
n/a
Depreciation and amortisation
3,589
3,303
2,507
+8.7%
Share-based compensation
n/a
n/a
1,665
Buybacks
1,232
837
5.0
+47.2%
Dividends paid
633
314
143
+101.6%
Diluted shares, weighted
3,037m
3,042m
3,016m
-0.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
210,534
204,339
189,049
+3.0%
Non-controlling interest
1,511
1,794
1,948
-15.8%
Deposits
899,332
968,273
930,560
-7.1%
Repurchase agreements
n/a
n/a
211,236
Trading liabilities
139,036
108,762
115,549
+27.8%
Debt
454,853
483,572
502,726
-5.9%
Other liabilities
137,264
113,642
n/a
+20.8%
Total liabilities and equity
1,842,530
1,880,382
1,864,660
-2.0%
Goodwill
23,592
25,009
25,673
-5.7%
Intangible assets
4,566
5,056
5,697
-9.7%
Securities held for sale or to maturity
321,339
293,376
293,883
+9.5%
Loans
628,641
645,824
630,009
-2.7%
Resale agreements
n/a
n/a
261,311
Trading assets
296,786
285,928
320,929
+3.8%
Other assets
567,606
625,189
327,158
-9.2%
Total assets
1,842,530
1,880,382
1,864,660
-2.0%
10-K for the year ended 31 December 2014, filed 25 February 2015: the filing.