Citigroup (C) FY2018 results: revenue $72.9 billion, up 0.6% on the year
Citigroup Inc. (C) reported revenue of $72.9 billion for fiscal 2018, the year ended 31 December 2018, up 0.6% on the year before. Net income was $18.0 billion, and diluted earnings per share $6.68. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$72.9 billion
+0.6% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$18.0 billion
FY2011FY2018
Diluted EPS
$6.68
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
72,854
72,444
70,797
+0.6%
Cost of revenue
7,568
7,451
n/a
+1.6%
Gross profit
65,286
64,993
n/a
+0.5%
Gross margin
89.6%
89.7%
n/a
Interest expense
24,266
16,517
12,511
+46.9%
Pre-tax income
23,445
22,761
21,477
+3.0%
Income tax
5,357
29,388
6,444
-81.8%
Effective tax rate
22.8%
129.1%
30.0%
Net income
18,045
-6,798
14,912
Net margin
24.8%
-9.4%
21.1%
Diluted EPS
$6.68
-$2.98
$4.72
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
36,952
n/a
53,733
Capital expenditure
3,774
3,361
2,756
+12.3%
Free cash flow
33,178
n/a
50,977
Cash from investing
-73,118
n/a
n/a
Cash from financing
44,528
n/a
n/a
Depreciation and amortisation
3,754
3,659
3,720
+2.6%
Buybacks
14,433
14,541
9,290
-0.7%
Dividends paid
5,020
3,797
2,287
+32.2%
Diluted shares, weighted
2,495m
2,698m
2,888m
-7.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
196,220
200,740
225,120
-2.3%
Non-controlling interest
854
932
1,023
-8.4%
Deposits
1,013,170
959,822
929,406
+5.6%
Trading liabilities
144,305
125,170
139,045
+15.3%
Debt
442,113
437,438
378,700
+1.1%
Other liabilities
120,721
118,363
118,783
+2.0%
Total liabilities and equity
1,917,383
1,842,465
1,792,077
+4.1%
Goodwill
22,046
22,256
21,659
-0.9%
Intangible assets
5,220
5,146
5,114
+1.4%
Securities held for sale or to maturity
351,395
344,045
344,700
+2.1%
Loans
671,881
654,679
612,309
+2.6%
Trading assets
256,117
252,790
243,925
+1.3%
Cash and equivalents
188,105
180,516
160,494
+4.2%
Other assets
422,619
383,033
403,876
+10.3%
Total assets
1,917,383
1,842,465
1,792,077
+4.1%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.