Present - Citigroup
Present - Citigroup Present - Citigroup
Certain statements in this document are “forward-lookingstatements” within the meaning of the Private Securities LitigationReform Act. These statements are based on management’scurrent expectations and are subject to uncertainty and changes incircumstances. Actual results may differ materially from thoseincluded in these statements due to a variety of factors. Moreinformation about these factors is contained in Citigroup’s filingswith the U.S. Securities and Exchange Commission.31
Non-GAAP Financial MeasuresRECONCILIATION OF NON-GAAP FINANCIAL MEASURESManaged-basis (Managed) presentations detail certain non-GAAP financial measures. Managed presentations (applicable only to North American creditcard operations, as securitizations are not done in any other regions) include results from both the on-balance sheet loans and off-balance sheet loans,and exclude the impact of card securitization activity.Managed presentations assume that securitized loans have not been sold and present the results of the securitized loans in the same manner asCitigroup's owned loans.$MM, except ratioTier 1 Common Ratio Calculation 4Q'08 4Q'09Citigroup common stockholders’ equity $ 70,966 $ 152,388Less: Net unrealized losses on securities available‐for‐sale, net of tax (9,647) (4,347)Less: Accumulated net losses on cash flow hedges, net of tax (5,189) (3,182)Less: Pension liability adjustment, net of tax (2,615) (3,461)Less: Cumulative effect included in fair value of financial liabilities attributable to the change in owncredit worthiness, net of tax 3,391 760Less: Disallowed deferred tax assets 23,520 25,958Less: Intangible assets:Goodwill 27,132 25,392Other disallowed intangible assets 10,607 5,899Other (840) (788)Total Tier 1 Common $ 22,927 $ 104,581Risk Weighted Assets under Federal Reserve Board Capital Regulatory Guidelines (RWA) 996,247 1,088,526Tier 1 Common Ratio (Total Tier 1 Common / RWA) 2.3% 9.6%32
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Non-GAAP Financial MeasuresRECONCILIATION OF NON-GAAP FINANCIAL MEASURESManaged-basis (Managed) presentations detail certain non-GAAP financial measures. Managed presentations (applicable only to North American creditcard operations, as securitizations are not done in any other regions) include results from both the on-balance sheet loans and off-balance sheet loans,and exclude the impact of card securitization activity.Managed presentations assume that securitized loans have not been sold and present the results of the securitized loans in the same manner as<strong>Citigroup</strong>'s owned loans.$MM, except ratioTier 1 Common Ratio Calculation 4Q'08 4Q'09<strong>Citigroup</strong> common stockholders’ equity $ 70,966 $ 152,388Less: Net unrealized losses on securities available‐for‐sale, net of tax (9,647) (4,347)Less: Accumulated net losses on cash flow hedges, net of tax (5,189) (3,182)Less: Pension liability adjustment, net of tax (2,615) (3,461)Less: Cumulative effect included in fair value of financial liabilities attributable to the change in owncredit worthiness, net of tax 3,391 760Less: Disallowed deferred tax assets 23,520 25,958Less: Intangible assets:Goodwill 27,132 25,392Other disallowed intangible assets 10,607 5,899Other (840) (788)Total Tier 1 Common $ 22,927 $ 104,581Risk Weighted Assets under Federal Reserve Board Capital Regulatory Guidelines (RWA) 996,247 1,088,526Tier 1 Common Ratio (Total Tier 1 Common / RWA) 2.3% 9.6%32