Citigroup (C) FY2015 results: revenue $76.4 billion, down 1.1% on the year
Citigroup Inc. (C) reported revenue of $76.4 billion for fiscal 2015, the year ended 31 December 2015, down 1.1% on the year before. Net income was $17.2 billion, up 135.8%, and diluted earnings per share $5.40. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$76.4 billion
-1.1% on the year
FY2008FY2015
Operating margin
n/a
28.7% a year earlier
FY2008FY2015
Net income
$17.2 billion
+135.8% on the year
FY2008FY2015
Diluted EPS
$5.40
+145.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
76,354
77,219
76,724
-1.1%
Operating income
n/a
22,168
28,369
Operating margin
n/a
28.7%
37.0%
Interest expense
11,921
13,690
16,177
-12.9%
Pre-tax income
24,826
14,701
19,802
+68.9%
Income tax
7,440
7,197
6,186
+3.4%
Effective tax rate
30.0%
49.0%
31.2%
Net income
17,242
7,313
13,673
+135.8%
Net margin
22.6%
9.5%
17.8%
Diluted EPS
$5.40
$2.20
$4.35
+145.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
39,737
46,343
n/a
-14.3%
Capital expenditure
3,198
3,386
3,490
-5.6%
Free cash flow
36,539
42,957
n/a
-14.9%
Depreciation and amortisation
3,506
3,589
3,303
-2.3%
Buybacks
5,452
1,232
837
+342.5%
Dividends paid
1,253
633
314
+97.9%
Diluted shares, weighted
3,008m
3,037m
3,042m
-1.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
221,857
210,534
204,339
+5.4%
Non-controlling interest
1,235
1,511
1,794
-18.3%
Deposits
907,887
899,332
968,273
+1.0%
Trading liabilities
117,512
139,036
108,762
-15.5%
Debt
368,850
454,853
483,572
-18.9%
Other liabilities
113,869
137,264
113,642
-17.0%
Total liabilities and equity
1,731,210
1,842,530
1,880,382
-6.0%
Goodwill
22,349
23,592
25,009
-5.3%
Intangible assets
3,721
4,566
5,056
-18.5%
Securities held for sale or to maturity
334,726
321,339
293,376
+4.2%
Loans
604,991
628,641
645,824
-3.8%
Trading assets
241,215
296,786
285,928
-18.7%
Cash and equivalents
133,097
n/a
n/a
Other assets
391,111
567,606
625,189
-31.1%
Total assets
1,731,210
1,842,530
1,880,382
-6.0%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.