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C » Topics » Condensed Statement of Income

This excerpt taken from the C 10-K filed Feb 28, 2005.

Condensed Statement of Income

 
   Year Ended December 31
  
 
   2004
   2003
   2002
  
 
   In millions of dollars

  
Revenues                    
  Interest   $ 2,223   $ 1,693   $ 1,456  
  Other     236     447     348  
   
 
 
 
Total revenues     2,459     2,140     1,804  
Expenses                    
  Interest     2,022     1,459     1,660  
  Other     825     757     248  
   
 
 
 
Total expenses     2,847     2,216     1,908  
   
 
 
 
Pretax loss     (388 )   (76 )   (104 )
Income tax benefit     290     33     53  
   
 
 
 
Loss before equity in net income of subsidiaries     (98 )   (43 )   (51 )
Equity in net income of subsidiaries     17,144     17,896     15,327  
   
 
 
 
Net income   $ 17,046   $ 17,853   $ 15,276  
   
 
 
 

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