Non-GAAP to GAAP Reconciliations
Consolidating Income Statement
For the three-month period ended June 30, 2019
(US $ Millions)
Interest income
Interest expense
Net interest income
Fees & other income/(expense)
SBNA
SC
Other (1)
IHC Entities (2)
SHUSA
$
719 $ 1,324
$
13 $
120 $ 2,176
(172)
(332)
(34)
(16)
(554)
547
992
(21)
104
1,622
142
714
(16)
121
961
Other non interest income
2
2
Net revenue/(loss)
691
1,706
(37)
225
2,585
General, administrative and other expenses
(539)
(795)
(53)
(155)
(1,542)
Other expenses
Provision for credit losses
(47)
(431)
1
(4)
(481)
Income/(loss) before taxes
105
480
(89)
66
562
Income tax (expense)/benefit
(20)
(112)
(3)
(20)
(155)
Net income/(loss)
85
368
(92)
46
407
Less: Net Income Attributable to NCI
111
111
Net income Attributable to SHUSA
$
85
$
257
$
(92) $
46
$
296
21
¹Includes holding company activities, IHC eliminations, eliminations and purchase accounting marks related to SC consolidation.
2The entities acquired in the formation of the IHC are presented within "other" in SHUSA's financial statement segment
presentation due to immateriality.
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