Citigroup (C) FY2017 results: revenue $72.4 billion, up 2.3% on the year
Citigroup Inc. (C) reported revenue of $72.4 billion for fiscal 2017, the year ended 31 December 2017, up 2.3% on the year before. Net income was -$6.8 billion, and diluted earnings per share $-2.98. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$72.4 billion
+2.3% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
-$6.8 billion
FY2010FY2017
Diluted EPS
-$2.98
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
72,444
70,797
76,354
+2.3%
Cost of revenue
7,451
n/a
n/a
Gross profit
64,993
n/a
n/a
Gross margin
89.7%
n/a
n/a
Interest expense
16,517
12,511
11,921
+32.0%
Pre-tax income
22,761
21,477
24,826
+6.0%
Income tax
29,388
6,444
7,440
+356.1%
Effective tax rate
129.1%
30.0%
30.0%
Net income
-6,798
14,912
17,242
Net margin
-9.4%
21.1%
22.6%
Diluted EPS
-$2.98
$4.72
$5.40
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
n/a
53,733
39,737
Capital expenditure
3,361
2,756
3,198
+22.0%
Free cash flow
n/a
50,977
36,539
Depreciation and amortisation
3,659
3,720
3,506
-1.6%
Buybacks
14,541
9,290
5,452
+56.5%
Dividends paid
3,797
2,287
1,253
+66.0%
Diluted shares, weighted
2,698m
2,888m
3,008m
-6.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
200,740
225,120
221,857
-10.8%
Non-controlling interest
932
1,023
1,235
-8.9%
Deposits
959,822
929,406
907,887
+3.3%
Trading liabilities
125,170
139,045
117,512
-10.0%
Debt
437,438
378,700
368,850
+15.5%
Other liabilities
118,363
118,783
113,869
-0.4%
Total liabilities and equity
1,842,465
1,792,077
1,731,210
+2.8%
Goodwill
22,256
21,659
22,349
+2.8%
Intangible assets
5,146
5,114
3,721
+0.6%
Securities held for sale or to maturity
344,045
344,700
334,726
-0.2%
Loans
654,679
612,309
604,991
+6.9%
Trading assets
252,790
243,925
241,215
+3.6%
Cash and equivalents
180,516
160,494
133,097
+12.5%
Other assets
383,033
403,876
391,111
-5.2%
Total assets
1,842,465
1,792,077
1,731,210
+2.8%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.