Citigroup Historical Income Statement

C Stock  USD 70.87  0.71  1.01%   
Historical analysis of Citigroup income statement accounts such as Other Operating Expenses of 35.2 B can show how well Citigroup performed in making a profits. Evaluating Citigroup income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Citigroup's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Citigroup latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Citigroup is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citigroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Citigroup Stock refer to our How to Trade Citigroup Stock guide.

About Citigroup Income Statement Analysis

Citigroup Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Citigroup shareholders. The income statement also shows Citigroup investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Citigroup Income Statement Chart

At present, Citigroup's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 3.7 B, whereas Other Operating Expenses is forecasted to decline to about 35.2 B.

Operating Income

Operating Income is the amount of profit realized from Citigroup operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Citigroup is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most accounts from Citigroup's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Citigroup current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citigroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Citigroup Stock refer to our How to Trade Citigroup Stock guide.At present, Citigroup's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 3.7 B, whereas Other Operating Expenses is forecasted to decline to about 35.2 B.
 2021 2022 2023 2024 (projected)
Operating Income27.5B18.8B9.4B14.2B
Other Operating Expenses47.5B51.8B42.2B35.2B

Citigroup income statement Correlations

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0.040.440.880.990.540.90.550.340.740.280.550.540.240.08-0.280.06-0.180.30.57-0.120.04-0.120.10.26
-0.020.920.570.470.540.580.370.190.810.140.80.380.280.58-0.170.07-0.090.540.390.56-0.04-0.120.00.04
-0.150.540.980.880.90.580.530.450.720.050.610.730.510.28-0.140.31-0.260.580.560.060.15-0.34-0.13-0.08
-0.010.380.510.540.550.370.53-0.510.450.280.430.490.570.16-0.08-0.270.650.420.990.09-0.72-0.07-0.010.17
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-0.360.020.320.060.060.070.31-0.270.560.06-0.53-0.060.330.320.160.17-0.50.21-0.24-0.030.54-0.42-0.3-0.57
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-0.30.660.540.270.30.540.580.420.150.42-0.050.580.490.60.650.140.210.020.420.640.0-0.43-0.38-0.43
0.080.40.550.560.570.390.560.99-0.480.470.270.460.540.580.18-0.18-0.240.620.420.11-0.7-0.030.00.21
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-0.18-0.040.170.050.04-0.040.15-0.720.92-0.08-0.34-0.10.02-0.250.110.090.54-0.950.0-0.7-0.02-0.27-0.22-0.36
0.86-0.09-0.38-0.14-0.12-0.12-0.34-0.07-0.260.070.310.08-0.08-0.13-0.07-0.66-0.420.21-0.43-0.030.03-0.270.880.72
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0.830.02-0.090.230.260.04-0.080.17-0.230.360.710.29-0.06-0.43-0.27-0.77-0.570.16-0.430.21-0.24-0.360.720.78
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Citigroup Account Relationship Matchups

Citigroup income statement Accounts

201920202021202220232024 (projected)
Interest Expense29.2B13.3B8.0B25.7B78.4B82.3B
Other Operating Expenses42.9B45.9B47.5B51.8B42.2B35.2B
Operating Income23.9B13.6B27.5B18.8B9.4B14.2B
Ebit16.1B5.8B27.5B18.8B12.9B10.1B
Ebitda20.0B9.7B31.4B23.1B17.5B12.6B
Total Operating Expenses42.9B45.9B47.5B51.8B42.2B29.5B
Income Before Tax23.9B13.6B27.5B18.8B12.9B12.0B
Net Income19.4B11.0B22.0B14.8B9.2B8.4B
Income Tax Expense4.4B2.5B5.5B3.6B3.5B3.7B
Depreciation And Amortization3.9B3.9B4.0B4.3B4.6B2.7B
Selling General Administrative7.1B22.3B25.3B26.7B29.3B18.8B
Total Revenue66.8B75.5B71.9B75.3B78.5B62.3B
Gross Profit66.8B25.0B36.1B29.4B25.6B37.8B
Total Other Income Expense Net23.9B2.5B5.5B3.6B3.5B3.4B
Selling And Marketing Expenses1.5B1.2B1.5B1.6B1.4B1.4B
Cost Of Revenue33.4B34.6B38.9B41.1B(2.1B)(1.9B)
Net Income Applicable To Common Shares19.4B11.0B20.8B13.7B12.3B9.9B
Minority Interest66M40M(73M)(89M)(153M)(145.4M)
Extraordinary Items(4M)(20M)7M(231M)(207.9M)(218.3M)
Discontinued Operations(4M)(20M)7M(231M)(265.7M)(252.4M)
Net Income From Continuing Ops19.5B11.1B22.0B15.2B9.4B12.5B
Tax Provision4.4B2.6B5.5B3.6B3.5B6.1B
Net Interest Income47.3B43.5B42.5B48.7B54.9B51.2B
Interest Income76.5B58.1B50.5B74.4B133.3B78.3B
Reconciled Depreciation3.9B3.9B4.0B4.3B4.6B4.4B

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citigroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Citigroup Stock refer to our How to Trade Citigroup Stock guide.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Citigroup. If investors know Citigroup will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Citigroup listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.07)
Dividend Share
2.15
Earnings Share
3.51
Revenue Per Share
36.345
Quarterly Revenue Growth
(0.02)
The market value of Citigroup is measured differently than its book value, which is the value of Citigroup that is recorded on the company's balance sheet. Investors also form their own opinion of Citigroup's value that differs from its market value or its book value, called intrinsic value, which is Citigroup's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Citigroup's market value can be influenced by many factors that don't directly affect Citigroup's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Citigroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if Citigroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citigroup's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.