Citigroup (C) FY2016 results: revenue $70.8 billion, down 7.3% on the year
Citigroup Inc. (C) reported revenue of $70.8 billion for fiscal 2016, the year ended 31 December 2016, down 7.3% on the year before. Net income was $14.9 billion, down 13.5%, and diluted earnings per share $4.72. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$70.8 billion
-7.3% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$14.9 billion
-13.5% on the year
FY2009FY2016
Diluted EPS
$4.72
-12.6% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
70,797
76,354
77,219
-7.3%
Operating income
n/a
n/a
22,168
Operating margin
n/a
n/a
28.7%
Interest expense
12,511
11,921
13,690
+4.9%
Pre-tax income
21,477
24,826
14,701
-13.5%
Income tax
6,444
7,440
7,197
-13.4%
Effective tax rate
30.0%
30.0%
49.0%
Net income
14,912
17,242
7,313
-13.5%
Net margin
21.1%
22.6%
9.5%
Diluted EPS
$4.72
$5.40
$2.20
-12.6%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
53,733
39,737
46,343
+35.2%
Capital expenditure
2,756
3,198
3,386
-13.8%
Free cash flow
50,977
36,539
42,957
+39.5%
Depreciation and amortisation
3,720
3,506
3,589
+6.1%
Buybacks
9,290
5,452
1,232
+70.4%
Dividends paid
2,287
1,253
633
+82.5%
Diluted shares, weighted
2,888m
3,008m
3,037m
-4.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
225,120
221,857
210,534
+1.5%
Non-controlling interest
1,023
1,235
1,511
-17.2%
Deposits
929,406
907,887
899,332
+2.4%
Trading liabilities
139,045
117,512
139,036
+18.3%
Debt
378,700
368,850
454,853
+2.7%
Other liabilities
118,783
113,869
137,264
+4.3%
Total liabilities and equity
1,792,077
1,731,210
1,842,530
+3.5%
Goodwill
21,659
22,349
23,592
-3.1%
Intangible assets
5,114
3,721
4,566
+37.4%
Securities held for sale or to maturity
344,700
334,726
321,339
+3.0%
Loans
612,309
604,991
628,641
+1.2%
Trading assets
243,925
241,215
296,786
+1.1%
Cash and equivalents
160,494
133,097
n/a
+20.6%
Other assets
403,876
391,111
567,606
+3.3%
Total assets
1,792,077
1,731,210
1,842,530
+3.5%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.