7.3 billion - Citigroup

More documents

Recommendations

Info

23. CONDENSED CONSOLIDATING FINANCIALSTATEMENTS SCHEDULESThese condensed Consolidating Financial Statements schedulesare presented for purposes of additional analysis, but should beconsidered in relation to the Consolidated Financial Statementsof Citigroup taken as a whole.Citigroup Parent CompanyThe holding company, Citigroup Inc.Citigroup Global Markets Holdings Inc. (CGMHI)Citigroup guarantees various debt obligations of CGMHI aswell as all of the outstanding debt obligations under CGMHI‘spublicly issued debt.Citigroup Funding Inc. (CFI)CFI is a first-tier subsidiary of Citigroup, which issuescommercial paper, medium-term notes and structured equitylinkedand credit-linked notes, all of which are guaranteed byCitigroup.CitiFinancial Credit Company (CCC)An indirect wholly owned subsidiary of Citigroup. CCC is awholly owned subsidiary of Associates. Citigroup has issued afull and unconditional guarantee of the outstanding indebtednessof CCC.Associates First Capital Corporation (Associates)A wholly owned subsidiary of Citigroup. Citigroup has issued afull and unconditional guarantee of the outstanding long-termdebt securities and commercial paper of Associates. In addition,Citigroup guaranteed various debt obligations of CitigroupFinance Canada Inc. (CFCI), a wholly owned subsidiary ofAssociates. CFCI continues to issue debt in the Canadian marketsupported by a Citigroup guarantee. Associates is the immediateparent company of CCC.Other Citigroup SubsidiariesIncludes all other subsidiaries of Citigroup, intercompanyeliminations and income (loss) from discontinued operations.Consolidating AdjustmentsIncludes Citigroup parent company elimination of distributedand undistributed income of subsidiaries, investment insubsidiaries and the elimination of CCC, which is included inthe Associates column.189CITIGROUP – 2012 FIRST QUARTER 10-Q
Condensed Consolidating Statements of IncomeIn millions of dollarsThree months ended March 31, 2012Citigroupparentcompany CGMHI CFI CCC AssociatesOtherCitigroupsubsidiaries,eliminationsand incomefromdiscontinuedoperationsConsolidatingadjustmentsCitigroupconsolidatedRevenuesDividends from subsidiaries $ 1,500 $ — $ — $ — $ — $ — $ (1,500) $ —Interest revenue 66 1,253 7 846 985 15,226 (846) 17,537Interest revenue—intercompany 908 239 342 25 95 (1,584) (25) —Interest expense 1,940 483 382 26 69 2,716 (26) 5,590Interest expense—intercompany (115) 631 (108) 277 250 (658) (277) —Net interest revenue $ (851) $ 378 $ 75 $ 568 $ 761 $ 11,584 $ (568) $ 11,947Commissions and fees — 1,090 — 2 22 2,026 (2) 3,138Commissions and fees—intercompany — 30 — (2) 4 (34) 2 —Principal transactions 67 (60) (1,008) — 4 2,928 — 1,931Principal transactions—intercompany 10 781 277 — — (1,068) — —Other income 1,265 171 30 (94) (59) 983 94 2,390Other income—intercompany (1,467) (322) (123) — (27) 1,939 — —Total non-interest revenues $ (125) $ 1,690 $ (824) $ (94) $ (56) $ 6,774 $ 94 $ 7,459Total revenues, net of interestexpense $ 524 $ 2,068 $ (749) $ 474 $ 705 $ 18,358 $ (1,974) $ 19,406Provisions for credit losses andfor benefits and claims $ — $ 5 $ — $ 468 $ 506 $ 2,508 $ (468) $ 3,019ExpensesCompensation and benefits $ 60 $ 1,403 $ — $ 94 $ 131 $ 4,791 $ (94) $ 6,385Compensation and benefits—intercompany 2 55 — 27 27 (84) (27) —Other expense 407 590 — 92 129 4,808 (92) 5,934Other expense—intercompany 127 181 1 23 27 (336) (23) —Total operating expenses $ 596 $ 2,229 $ 1 $ 236 $ 314 $ 9,179 $ (236) $ 12,319Income (loss) before taxes andequity in undistributedincome of subsidiaries $ (72) $ (166) $ (750) $ (230) $ (115) $ 6,671 $ (1,270) $ 4,068Provision (benefit) for incometaxes 91 (154) (281) (111) (70) 1,420 111 1,006Equity in undistributed income ofsubsidiaries 3,094 — — — — — (3,094) —Income (loss) from continuingoperations $ 2,931 $ (12) $ (469) $ (119) $ (45) $ 5,251 $ (4,475) $ 3,062Income (loss) fromdiscontinued operations, netof taxes — — — — — (5) — (5)Net income (loss) beforeattribution of noncontrollinginterests $ 2,931 $ (12) $ (469) $ (119) $ (45) $ 5,246 $ (4,475) $ 3,057Net income (loss) attributableto noncontrolling interests — 9 — — — 117 — 126Net income (loss) afterattribution of noncontrollinginterests $ 2,931 $ (21) $ (469) $ (119) $ (45) $ 5,129 $ (4,475) $ 2,931190CITIGROUP – 2012 FIRST QUARTER 10-Q
Page 1 and 2:
UNITED STATESSECURITIES AND EXCHANG
Page 3 and 4:
CITIGROUP INCFIRST QUARTER 2012 - F
Page 5 and 6:
As described above, Citigroup is ma
Page 7 and 8:
The Consumer allowance for loan los
Page 9 and 10:
SUMMARY OF SELECTED FINANCIAL DATA
Page 11 and 12:
CITIGROUP REVENUESFirst QuarterIn m
Page 13 and 14:
GLOBAL CONSUMER BANKINGGlobal Consu
Page 15 and 16:
EMEA REGIONAL CONSUMER BANKINGEMEA
Page 17 and 18:
ASIA REGIONAL CONSUMER BANKINGAsia
Page 19 and 20:
[THIS PAGE INTENTIONALLY LEFT BLANK
Page 21 and 22:
1Q12 vs. 1Q11Net income of $1.2 bil
Page 23 and 24:
CITI HOLDINGSCiti Holdings contains
Page 25 and 26:
LOCAL CONSUMER LENDINGLocal Consume
Page 27 and 28:
SPECIAL ASSET POOLSpecial Asset Poo
Page 29 and 30:
BALANCE SHEET REVIEWThe following s
Page 31 and 32:
transactions, see ―Capital Resour
Page 33 and 34:
CAPITAL RESOURCES AND LIQUIDITYCAPI
Page 35 and 36:
Common Stockholders’ EquityCitigr
Page 37 and 38:
FUNDING AND LIQUIDITYOverviewCiti
Page 39 and 40:
The table below details the long-te
Page 41 and 42:
Credit RatingsCitigroup‘s funding
Page 43 and 44:
OFF-BALANCE-SHEET ARRANGEMENTSCitig
Page 45 and 46:
Details of Credit Loss Experience1s
Page 47 and 48:
Non-Accrual LoansIn millions of dol
Page 49 and 50:
Renegotiated LoansThe following tab
Page 51 and 52:
North America Residential First Mor
Page 53 and 54:
loans exiting foreclosure inventory
Page 55 and 56:
Note: For each of the tables above,
Page 57 and 58:
Citi will account for the refinanci
Page 59 and 60:
Legacy S&B Securitizations (princip
Page 61 and 62:
In addition to the amounts set fort
Page 63 and 64:
North America Citi Retail Services
Page 65 and 66:
Consumer Loan Net Credit Losses and
Page 67 and 68:
CORPORATE LOAN DETAILSFor corporate
Page 69 and 70:
EXPOSURE TO COMMERCIAL REAL ESTATET
Page 71 and 72:
Value at Risk for Trading Portfolio
Page 73 and 74:
AVERAGE BALANCES AND INTEREST RATES
Page 75 and 76:
(10) Excludes hybrid financial inst
Page 77 and 78:
ANALYSIS OF CHANGES IN INTEREST EXP
Page 79 and 80:
GIIPSGross funded credit exposure t
Page 81 and 82:
Credit Default SwapsCiti buys and s
Page 84 and 85:
CREDIT DERIVATIVESCitigroup makes m
Page 87 and 88:
DISCLOSURE CONTROLS ANDPROCEDURESCi
Page 89 and 90:
FINANCIAL STATEMENTS AND NOTES TABL
Page 91 and 92:
CONSOLIDATED STATEMENT OF COMPREHEN
Page 93 and 94:
CONSOLIDATED BALANCE SHEET(Continue
Page 95 and 96:
CONSOLIDATED STATEMENT OF CASH FLOW
Page 97 and 98:
ACCOUNTING CHANGESPresentation of C
Page 99 and 100:
2. DISCONTINUED OPERATIONSSale of E
Page 101 and 102:
4. INTEREST REVENUE AND EXPENSEFor
Page 103 and 104:
period. The 2012 deferred cash awar
Page 105 and 106:
9. EARNINGS PER SHAREThe following
Page 107 and 108:
11. INVESTMENTSOverviewIn millions
Page 109 and 110:
The following table presents the am
Page 111 and 112:
During the first quarter of 2011, t
Page 113 and 114:
Evaluating Investments for Other-Th
Page 115 and 116:
Recognition and Measurement of OTTI
Page 117 and 118:
12. LOANSCitigroup loans are report
Page 119 and 120:
Consumer Credit Scores (FICO)In the
Page 121 and 122:
In millions of dollarsRecordedinves
Page 123 and 124:
Corporate LoansCorporate loans repr
Page 125 and 126:
Corporate Loans Credit Quality Indi
Page 127 and 128:
Corporate Troubled Debt Restructuri
Page 129 and 130:
14. GOODWILL AND INTANGIBLE ASSETSG
Page 131 and 132:
15. DEBTShort-Term BorrowingsShort-
Page 133 and 134:
16. CHANGES IN ACCUMULATED OTHER CO
Page 135 and 136:
THIS PAGE INTENTIONALLY LEFT BLANK.
Page 137 and 138:
In millions of dollars As of Decemb
Page 139 and 140: Funding Commitments for Significant
Page 141 and 142: Credit Card Securitizations—Citic
Page 143 and 144: The range in the key assumptions is
Page 145 and 146: The market for MSRs is not sufficie
Page 147 and 148: investors in the form of funded not
Page 149 and 150: are tendered and the Company (in it
Page 151 and 152: 18. DERIVATIVES ACTIVITIESIn the or
Page 153 and 154: Derivative Mark-to-Market (MTM) Rec
Page 155 and 156: Key aspects of achieving ASC 815 he
Page 157 and 158: Credit DerivativesA credit derivati
Page 159 and 160: 19. FAIR VALUE MEASUREMENTASC 820-1
Page 161 and 162: The key inputs depend upon the type
Page 163 and 164: Items Measured at Fair Value on a R
Page 165 and 166: In millions of dollars at December
Page 167 and 168: Changes in Level 3 Fair Value Categ
Page 169 and 170: Net realized/unrealizedgains (losse
Page 171 and 172: — Purchases of Corporate debt tra
Page 173 and 174: Fair Value(in millions) Methodology
Page 175 and 176: Items Measured at Fair Value on a N
Page 177 and 178: 20. FAIR VALUE ELECTIONSThe Company
Page 179 and 180: The following table provides inform
Page 181 and 182: The following table provides inform
Page 183 and 184: Financial standby letters of credit
Page 185 and 186: Value-Transfer NetworksThe Company
Page 187 and 188: Credit Commitments and Lines of Cre
Page 189: Mortgage-Backed Securities and CDO
Page 193 and 194: Condensed Consolidating Balance She
Page 195 and 196: Condensed Consolidating Statements
Page 197 and 198: LEGAL PROCEEDINGSFor a discussion o
Page 199 and 200: Item 6. ExhibitsSee Exhibit Index.1
Page 201: EXHIBIT INDEX3.01.1 Restated Certif
show all

7.3 billion - Citigroup

Create successful ePaper yourself

Delete template?

Save as template?