Citigroup Inc.
Citigroup Inc.
Citigroup Inc.
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Condensed Consolidating Statements of <strong>Inc</strong>omeIn millions of dollars<strong>Citigroup</strong>parentcompany CGMHI CFI CCC AssociatesOther<strong>Citigroup</strong>subsidiaries,eliminationsand incomefromdiscontinuedoperationsYear ended December 31, 2010Consolidatingadjustments<strong>Citigroup</strong>consolidatedRevenuesDividends from subsidiaries $14,448 $ — $ — $ — $ — $ — $(14,448) $ —Interest revenue 269 6,213 8 5,097 5,860 67,166 (5,097) 79,516Interest revenue—intercompany 2,968 2,167 2,990 81 385 (8,510) (81) —Interest expense 8,601 2,145 2,356 79 274 11,488 (79) 24,864Interest expense—intercompany (873) 3,134 260 1,929 1,364 (3,885) (1,929) —Net interest revenue $ (4,491) $ 3,101 $ 382 $ 3,170 $4,607 $51,053 $ (3,170) $54,652Commissions and fees $ — $ 4,677 $ — $ 45 $ 136 $ 8,845 $ (45) $13,658Commissions and fees—intercompany — 108 — 140 159 (267) (140) —Principal transactions (270) 7,207 (136) — 8 708 — 7,517Principal transactions—intercompany (6) (4,056) (12) — (122) 4,196 — —Other income (1,246) 838 212 493 664 10,306 (493) 10,774Other income—intercompany 1,552 44 (90) (2) 73 (1,579) 2 —Total non-interest revenues $ 30 $ 8,818 $ (26) $ 676 $ 918 $22,209 $ (676) $31,949Total revenues, net of interest expense $ 9,987 $11,919 $ 356 $ 3,846 $5,525 $73,262 $(18,294) $86,601Provisions for credit losses and for benefitsand claims $ — $ 17 $ — $ 2,306 $2,516 $23,509 $ (2,306) $26,042ExpensesCompensation and benefits $ 136 $ 5,457 $ — $ 518 $ 704 $18,133 $ (518) $24,430Compensation and benefits—intercompany 6 214 — 126 126 (346) (126) —Other expense 413 2,943 2 3,374 518 19,069 (3,374) 22,945Other expense—intercompany 323 478 9 555 593 (1,403) (555) —Total operating expenses $ 878 $ 9,092 $ 11 $ 4,573 $1,941 $35,453 $ (4,573) $47,375<strong>Inc</strong>ome (loss) before taxes and equity inundistributed income of subsidiaries $ 9,109 $ 2,810 $ 345 $(3,033) $1,068 $14,300 $(11,415) $13,184Provision (benefit) for income taxes (2,480) 860 167 (927) 367 3,319 927 2,233Equity in undistributed income of subsidiaries (987) — — — — — 987 —<strong>Inc</strong>ome (loss) from continuing operations $10,602 $ 1,950 $ 178 $(2,106) $ 701 $10,981 $(11,355) $10,951<strong>Inc</strong>ome (loss) from discontinued operations,net of taxes — — — — — (68) — (68)Net income (loss) before attribution ofnoncontrolling interests $10,602 $ 1,950 $ 178 $(2,106) $ 701 $10,913 $(11,355) $10,883Net income (loss) attributable tononcontrolling interests — 53 — — — 228 — 281Net income (loss) after attribution ofnoncontrolling interests $10,602 $ 1,897 $ 178 $(2,106) $ 701 $10,685 $(11,355) $10,602291
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