UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 20, 2005
CITIGROUP GLOBAL MARKETS HOLDINGS INC.
(Exact name of registrant as specified in its charter)
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New York 1-15286 11-2418067
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
388 Greenwich Street, New York, NY 10013
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(Address of principal executive offices) (Zip Code)
(212) 816-6000
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
CITIGROUP GLOBAL MARKETS HOLDINGS INC.
Current Report on Form 8-K
Item 5. Other Events
Results of Operations
(Unaudited)
This report summarizes the results of operations of Citigroup Global Markets
Holdings Inc. for the twelve-month periods ended December 31, 2004 and 2003 and
provides certain additional financial information.
CITIGROUP GLOBAL MARKETS HOLDINGS INC.
SELECTED FINANCIAL DATA
(Unaudited, dollars in millions)
December 31,
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2004 2003
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Total stockholder's equity $ 17,157 $ 15,622
Twelve
Months Ended
December 31,
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2004 2003
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Revenues:
Commissions $4,222 $3,749
Asset management and administration fees 4,044 3,378
Investment banking 3,527 3,607
Principal transactions 846 1,886
Other 418 181
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Total non-interest revenues 13,057 12,801
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Interest and dividends 10,008 7,921
Interest expense 6,371 5,060
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Net interest and dividends 3,637 2,861
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Revenues, net of interest expense 16,694 15,662
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Non-interest expenses:
Compensation and benefits 8,852 8,008
Communications 856 633
Floor brokerage and other production 785 712
Occupancy and equipment 580 545
Professional services 552 384
Advertising and market development 383 276
Other operating and administrative expenses 7,081 431
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Total non-interest expenses 19,089 10,989
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Income (loss) before income taxes (2,395) 4,673
Provision (benefit) for income taxes (954) 1,780
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Net income (loss) ($1,441) $2,893
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: January 20, 2005 CITIGROUP GLOBAL MARKETS HOLDINGS INC.
By: /s/Cliff Verron
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Cliff Verron
Controller