10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2009 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | |||
| (In Millions, except shares in Thousands) | |||
| 13 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Nov 28, 2008 | Nov 30, 2007 | |
| Revenues | |||
| Investment banking | $ 4,797 | 5,179 | 7,555 |
| Trading and principal investments | 28,879 | 8,095 | 29,714 |
| Asset management and securities services | 4,090 | 4,672 | 4,731 |
| Total non-interest revenues | 37,766 | 17,946 | 42,000 |
| Interest income | 13,907 | 35,633 | 45,968 |
| Interest expense | 6,500 | 31,357 | 41,981 |
| Net interest income | 7,407 | 4,276 | 3,987 |
| Net revenues, including net interest income | 45,173 | 22,222 | 45,987 |
| Operating expenses | |||
| Compensation and benefits | 16,193 | 10,934 | 20,190 |
| Brokerage, clearing, exchange and distribution fees | 2,298 | 2,998 | 2,758 |
| Market development | 342 | 485 | 601 |
| Communications and technology | 709 | 759 | 665 |
| Depreciation and amortization | 1,734 | 1,262 | 819 |
| Occupancy | 950 | 960 | 975 |
| Professional fees | 678 | 779 | 714 |
| Other expenses | 2,440 | 1,709 | 1,661 |
| Total non-compensation expenses | 9,151 | 8,952 | 8,193 |
| Total operating expenses | 25,344 | 19,886 | 28,383 |
| Pre-tax earnings/(loss) | 19,829 | 2,336 | 17,604 |
| Provision/(Benefit) for taxes | 6,444 | 14 | 6,005 |
| Net earnings/(loss) | 13,385 | 2,322 | 11,599 |
| Preferred stock dividends | 1,193 | 281 | 192 |
| Net earnings/(loss) applicable to common shareholders | 12,192 | 2,041 | 11,407 |
| Earnings (loss) per common share | |||
| Basic | 23.74 | 4.67 | 26.34 |
| Diluted | 22.13 | 4.47 | 24.73 |
| Average common shares outstanding | |||
| Basic | 512,300 | 437,000 | 433,000 |
| Diluted | 550,900 | 456,200 | 461,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2009 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | |||
| (In Millions, except shares in actual) | |||
| 13 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Nov 28, 2008 | Nov 30, 2007 | |
| Net earnings/(loss) | $ 13,385 | 2,322 | 11,599 |
| Currency translation adjustment, net of tax | (70) | (98) | 39 |
| Pension and postretirement liability adjustments, net of tax | (17) | 69 | 38 |
| Net gains/(losses) on cash flow hedges, net of tax | 0 | 0 | (2) |
| Net unrealized gains/(losses) on available-for-sale securities, net of tax | 97 | (55) | (12) |
| Comprehensive income/(loss) | 13,395 | 2,238 | 11,662 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2009 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | |||
| (In Millions, except shares in actual) | |||
| 13 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Nov 28, 2008 | Nov 30, 2007 | |
| Cash flows from operating activities | |||
| Net earnings/(loss) | $ 13,385 | 2,322 | 11,599 |
| Non-cash items included in net earnings/(loss) | |||
| Depreciation and amortization | 1,943 | 1,625 | 1,167 |
| Deferred income taxes | (431) | (1,763) | 129 |
| Share-based compensation | 2,009 | 1,611 | 4,465 |
| Changes in operating assets and liabilities | |||
| Cash and securities segregated for regulatory and other purposes | 76,531 | 12,995 | (39,079) |
| Net receivables from brokers, dealers and clearing organizations | 6,265 | (6,587) | (3,811) |
| Net payables to customers and counterparties | (47,414) | (50) | 53,857 |
| Securities borrowed, net of securities loaned | 7,033 | 85,054 | (51,655) |
| Securities sold under agreements to repurchase, net of securities purchased under agreements to resell and federal funds sold | (146,807) | (130,999) | 6,845 |
| Trading assets, at fair value | 186,295 | 97,723 | (118,864) |
| Trading liabilities, at fair value | (57,010) | (39,051) | 57,938 |
| Other, net | 7,076 | (20,986) | 7,962 |
| Net cash provided by/(used for) operating activities | 48,875 | 1,894 | (69,447) |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (1,556) | (2,027) | (2,130) |
| Proceeds from sales of property, leasehold improvements and equipment | 82 | 121 | 93 |
| Business acquisitions, net of cash acquired | (221) | (2,613) | (1,900) |
| Proceeds from sales of investments | 303 | 624 | 4,294 |
| Purchase of available-for-sale securities | (2,722) | (3,851) | (872) |
| Proceeds from sales of available-for-sale securities | 2,553 | 3,409 | 911 |
| Net cash provided by/(used for) investing activities | (1,561) | (4,337) | 396 |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | (9,790) | (19,295) | 12,262 |
| Other secured financings (short-term), net | (10,451) | (8,727) | 2,780 |
| Proceeds from issuance of other secured financings (long-term) | 4,767 | 12,509 | 21,703 |
| Repayment of other secured financings (long-term), including the current portion | (6,667) | (20,653) | (7,355) |
| Proceeds from issuance of unsecured long-term borrowings | 25,363 | 37,758 | 57,516 |
| Repayment of unsecured long-term borrowings, including the current portion | (29,018) | (25,579) | (14,823) |
| Preferred stock repurchased | (9,574) | 0 | 0 |
| Repurchase of common stock warrants | (1,100) | 0 | 0 |
| Derivative contracts with a financing element, net | 2,168 | 781 | 4,814 |
| Deposits, net | 7,288 | 12,273 | 4,673 |
| Common stock repurchased | (2) | (2,034) | (8,956) |
| Dividends and dividend equivalents paid on common stock, preferred stock and restricted stock units | (2,205) | (850) | (831) |
| Proceeds from issuance of common stock, including stock option exercises | 6,260 | 6,105 | 791 |
| Proceeds from issuance of preferred stock, net of issuance costs | 0 | 13,366 | 0 |
| Proceeds from issuance of common stock warrants | 0 | 1,633 | 0 |
| Excess tax benefit related to share-based compensation | 135 | 614 | 817 |
| Cash settlement of share-based compensation | (2) | 0 | (1) |
| Net cash provided by/(used for) financing activities | (22,828) | 7,901 | 73,390 |
| Net increase/(decrease) in cash and cash equivalents | 24,486 | 5,458 | 4,339 |
| Cash and cash equivalents, beginning of year | 15,740 | 10,282 | |
| Cash and cash equivalents, end of year | 38,291 | 15,740 | 10,282 |
| SUPPLEMENTAL DISCLOSURES: | |||
| Cash payments for interest, net of capitalized interest | 7,320 | 32,370 | 40,740 |
| Cash payments for income taxes, net of refunds | 4,780 | 3,470 | 5,780 |
| Non-cash activities: | |||
| Debt assumed in connection with business acquisitions | 16 | 790 | 409 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2009 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Nov 28, 2008 | |
| Assets | ||
| Cash and cash equivalents | $ 38,291 | 15,740 |
| Cash and securities segregated for regulatory and other purposes (includes $18,853 and $78,830 at fair value as of December 2009 and November 2008, respectively) | 36,663 | 106,664 |
| Securities purchased under agreements to resell and federal funds sold (includes $144,279 and $116,671 at fair value as of December 2009 and November 2008, respectively) | 144,279 | 122,021 |
| Securities borrowed (includes $66,329 and $59,810 at fair value as of December 2009 and November 2008, respectively) | 189,939 | 180,795 |
| Receivables from brokers, dealers and clearing organizations | 12,597 | 25,899 |
| Receivables from customers and counterparties (includes $1,925 and $1,598 at fair value as of December 2009 and November 2008, respectively) | 55,303 | 64,665 |
| Trading assets, at fair value (includes $31,485 and $26,313 pledged as collateral as of December 2009 and November 2008, respectively) | 342,402 | 338,325 |
| Other assets | 29,468 | 30,438 |
| Total assets | 848,942 | 884,547 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $1,947 and $4,224 at fair value as of December 2009 and November 2008, respectively) | 39,418 | 27,643 |
| Securities sold under agreements to repurchase, at fair value | 128,360 | 62,883 |
| Securities loaned (includes $6,194 and $7,872 at fair value as of December 2009 and November 2008, respectively) | 15,207 | 17,060 |
| Other secured financings (includes $15,228 and $20,249 at fair value as of December 2009 and November 2008, respectively) | 24,134 | 38,683 |
| Payables to brokers, dealers and clearing organizations | 5,242 | 8,585 |
| Payables to customers and counterparties | 180,392 | 245,258 |
| Trading liabilities, at fair value | 129,019 | 175,972 |
| Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $18,403 and $23,075 at fair value as of December 2009 and November 2008, respectively) | 37,516 | 52,658 |
| Unsecured long-term borrowings (includes $21,392 and $17,446 at fair value as of December 2009 and November 2008, respectively) | 185,085 | 168,220 |
| Other liabilities and accrued expenses (includes $2,054 and $978 at fair value as of December 2009 and November 2008, respectively) | 33,855 | 23,216 |
| Total liabilities | 778,228 | 820,178 |
| Commitments, contingencies and guarantees | ||
| Shareholders' equity | ||
| Preferred stock, par value $0.01 per share; aggregate liquidation preference of $8,100 and $18,100 as of December 2009 and November 2008, respectively | 6,957 | 16,471 |
| Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 753,412,247 and 680,953,836 shares issued as of December 2009 and November 2008, respectively, and 515,113,890 and 442,537,317 shares outstanding as of December 2009 and November 2008, respectively | 8 | 7 |
| Restricted stock units and employee stock options | 6,245 | 9,284 |
| Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
| Additional paid-in capital | 39,770 | 31,071 |
| Retained earnings | 50,252 | 39,913 |
| Accumulated other comprehensive loss | (362) | (202) |
| Common stock held in treasury, at cost, par value $0.01 per share; 238,298,357 and 238,416,519 shares as of December 2009 and November 2008, respectively | (32,156) | (32,175) |
| Total shareholders' equity | 70,714 | 64,369 |
| Total liabilities and shareholders' equity | 848,942 | 884,547 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |