Citigroup (C) FY2023 results: revenue $78.1 billion, up 3.6% on the year
Citigroup Inc. (C) reported revenue of $78.1 billion for fiscal 2023, the year ended 31 December 2023, up 3.6% on the year before. Net income was $9.2 billion, down 37.8%, and diluted earnings per share $4.04. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$78.1 billion
+3.6% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$9.2 billion
-37.8% on the year
FY2016FY2023
Diluted EPS
$4.04
-42.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
-73,416
25,069
47,090
Capital expenditure
6,583
5,632
4,119
+16.9%
Free cash flow
-79,999
19,437
42,971
Cash from investing
-8,459
-79,455
-110,746
Cash from financing
687
137,763
17,272
-99.5%
Depreciation and amortisation
4,560
4,262
3,964
+7.0%
Buybacks
1,977
3,250
7,601
-39.2%
Dividends paid
5,212
5,003
5,198
+4.2%
Diluted shares, weighted
1,956m
1,964m
2,049m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
205,453
201,189
201,972
+2.1%
Non-controlling interest
798
649
700
+23.0%
Deposits
1,308,681
1,365,954
1,317,230
-4.2%
Trading liabilities
155,345
170,647
161,529
-9.0%
Debt
602,183
521,146
473,632
+15.5%
Other liabilities
139,374
157,091
136,350
-11.3%
Total liabilities and equity
2,411,834
2,416,676
2,291,413
-0.2%
Goodwill
20,098
19,691
21,299
+2.1%
Intangible assets
4,421
4,428
4,495
-0.2%
Securities held for sale or to maturity
511,183
518,542
505,485
-1.4%
Loans
671,217
640,247
n/a
+4.8%
Trading assets
411,756
334,114
331,945
+23.2%
Cash and equivalents
260,932
342,025
262,033
-23.7%
Other assets
532,227
557,629
1,166,156
-4.6%
Total assets
2,411,834
2,416,676
2,291,413
-0.2%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.