Citigroup Inc.

33. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)2010 2009 (1)In millions of dollars, except per share amounts Fourth Third Second First Fourth Third Second FirstRevenues, net of interest expense $18,371 $20,738 $22,071 $25,421 $ 5,405 $20,390 $29,969 $24,521Operating expenses 12,471 11,520 11,866 11,518 12,314 11,824 11,999 11,685Provisions for credit losses and for benefits and claims 4,840 5,919 6,665 8,618 8,184 9,095 12,676 10,307Income (loss) from continuing operations before income taxes $ 1,060 $ 3,299 $ 3,540 $ 5,285 $(15,093) $ (529) $ 5,294 $ 2,529Income taxes (benefits) (313) 698 812 1,036 (7,353) (1,122) 907 835Income (loss) from continuing operations $ 1,373 $ 2,601 $ 2,728 $ 4,249 $ (7,740) $ 593 $ 4,387 $ 1,694Income (loss) from discontinued operations, net of taxes 98 (374) (3) 211 232 (418) (142) (117)Net income (loss) before attribution ofnoncontrolling interests $ 1,471 $ 2,227 $ 2,725 $ 4,460 $ (7,508) $ 175 $ 4,245 $ 1,577Net income (loss) attributable to noncontrolling interests $ 162 $ 59 $ 28 $ 32 $ 71 $ 74 $ (34) $ (16)Citigroup’s net income (loss) $ 1,309 $ 2,168 $ 2,697 $ 4,428 $ (7,579) $ 101 $ 4,279 $ 1,593(2) (3)Earnings per shareBasicIncome (loss) from continuing operations $ 0.04 $ 0.09 $ 0.09 $ 0.15 $ (0.34) $ (0.23) $ 0.51 $ (0.16)Net income (loss) 0.04 0.07 0.09 0.15 (0.33) (0.27) 0.49 (0.18)DilutedIncome (loss) from continuing operations 0.04 0.08 0.09 0.14 (0.34) (0.23) 0.51 (0.16)Net income (loss) 0.04 0.07 0.09 0.15 (0.33) (0.27) 0.49 (0.18)Common stock price per shareHigh $ 4.81 $ 4.30 $ 4.97 $ 4.31 $ 5.00 $ 5.23 $ 4.02 $ 7.46Low 3.95 3.66 3.63 3.15 3.20 2.59 2.68 1.02Close 4.73 3.91 3.76 4.05 3.31 4.84 2.97 2.53Dividends per share of common stock — — — — — — — 0.01This Note to the Consolidated Financial Statements is unaudited due to the Company’s individual quarterly results not being subject to an audit.(1) The revenue and (after-tax impact) of the Company’s correction of a CVA error in prior periods, which reduced revenues and net income in the fourth quarter of 2009 by $840 million ($518 million), respectively,related to the quarters in 2009 as follows: $198 million ($122 million), $115 million ($71 million) and $197 million ($121 million) for the first, second and third quarters of 2009, respectively. See also Note 1 to theConsolidated Financial Statements. The impact of this CVA error was determined not to be material to the Company’s results of operations and financial position for any previously reported period. Consequently, in theaccompanying selected quarterly financial data, the cumulative effect through September 30, 2009 is recorded in the fourth quarter of 2009.(2) Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year.(3) Diluted shares are equal to basic shares for the first, third and fourth quarter of 2009 due to the net loss available to common shareholders. Adding additional shares to the denominator would result in anti-dilution.[End of Consolidated Financial Statements and Notes to Consolidated Financial Statements]299