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: 2012 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 1, 2013) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues | |||
| Investment banking | $ 4,941,000,000 | 4,361,000,000 | 4,810,000,000 |
| Investment management | 4,968,000,000 | 4,691,000,000 | 4,669,000,000 |
| Commissions and fees | 3,161,000,000 | 3,773,000,000 | 3,569,000,000 |
| Market making | 11,348,000,000 | 9,287,000,000 | 13,678,000,000 |
| Other principal transactions | 5,865,000,000 | 1,507,000,000 | 6,932,000,000 |
| Total non-interest revenues | 30,283,000,000 | 23,619,000,000 | 33,658,000,000 |
| Interest income | 11,381,000,000 | 13,174,000,000 | 12,309,000,000 |
| Interest expense | 7,501,000,000 | 7,982,000,000 | 6,806,000,000 |
| Net interest income | 3,880,000,000 | 5,192,000,000 | 5,503,000,000 |
| Net revenues, including net interest income | 34,163,000,000 | 28,811,000,000 | 39,161,000,000 |
| Operating expenses | |||
| Compensation and benefits | 12,944,000,000 | 12,223,000,000 | 15,376,000,000 |
| U.K. bank payroll tax | 0 | 0 | 465,000,000 |
| Brokerage, clearing, exchange and distribution fees | 2,208,000,000 | 2,463,000,000 | 2,281,000,000 |
| Market development | 509,000,000 | 640,000,000 | 530,000,000 |
| Communications and technology | 782,000,000 | 828,000,000 | 758,000,000 |
| Depreciation and amortization | 1,738,000,000 | 1,865,000,000 | 1,889,000,000 |
| Occupancy | 875,000,000 | 1,030,000,000 | 1,086,000,000 |
| Professional fees | 867,000,000 | 992,000,000 | 927,000,000 |
| Insurance reserves | 598,000,000 | 529,000,000 | 398,000,000 |
| Other expenses | 2,435,000,000 | 2,072,000,000 | 2,559,000,000 |
| Total non-compensation expenses | 10,012,000,000 | 10,419,000,000 | 10,428,000,000 |
| Total operating expenses | 22,956,000,000 | 22,642,000,000 | 26,269,000,000 |
| Pre-tax earnings | 11,207,000,000 | 6,169,000,000 | 12,892,000,000 |
| Provision for taxes | 3,732,000,000 | 1,727,000,000 | 4,538,000,000 |
| Net earnings | 7,475,000,000 | 4,442,000,000 | 8,354,000,000 |
| Preferred stock dividends | 183,000,000 | 1,932,000,000 | 641,000,000 |
| Net earnings applicable to common shareholders | 7,292,000,000 | 2,510,000,000 | 7,713,000,000 |
| Earnings per common share | |||
| Basic | 15 | 5 | 14 |
| Diluted | 14 | 5 | 13 |
| Average common shares outstanding | |||
| Basic | 496,200,000 | 524,600,000 | 542,000,000 |
| Diluted | 516,100,000 | 556,900,000 | 585,300,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 1, 2013) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net earnings | $ 7,475,000,000 | 4,442,000,000 | 8,354,000,000 |
| Other comprehensive income/(loss), net of tax: | |||
| Currency translation adjustment, net of tax | (89,000,000) | (55,000,000) | (38,000,000) |
| Pension and postretirement liability adjustments, net of tax | 168,000,000 | (145,000,000) | 88,000,000 |
| Net unrealized gains/(losses) on available-for-sale securities, net of tax | 244,000,000 | (30,000,000) | 26,000,000 |
| Other comprehensive income/(loss) | 323,000,000 | (230,000,000) | 76,000,000 |
| Comprehensive income | 7,798,000,000 | 4,212,000,000 | 8,430,000,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 1, 2013) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities | |||
| Net earnings | $ 7,475,000,000 | 4,442,000,000 | 8,354,000,000 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities | |||
| Depreciation and amortization | 1,738,000,000 | 1,869,000,000 | 1,904,000,000 |
| Deferred income taxes | (356,000,000) | 726,000,000 | 1,339,000,000 |
| Share-based compensation | 1,319,000,000 | 2,849,000,000 | 4,035,000,000 |
| Gain on sale of hedge fund administration business | (494,000,000) | ||
| Changes in operating assets and liabilities | |||
| Cash and securities segregated for regulatory and other purposes | 10,817,000,000 | (10,532,000,000) | (17,094,000,000) |
| Net receivables from brokers, dealers and clearing organizations | (2,838,000,000) | (3,780,000,000) | 201,000,000 |
| Net payables to customers and counterparties | (17,661,000,000) | 13,883,000,000 | (4,637,000,000) |
| Securities borrowed, net of securities loaned | 23,031,000,000 | 8,940,000,000 | 19,638,000,000 |
| Securities sold under agreements to repurchase, net of securities purchased under agreements to resell and federal funds sold | 53,527,000,000 | 122,000,000 | (10,092,000,000) |
| Financial instruments owned, at fair value | (48,783,000,000) | 5,085,000,000 | (9,231,000,000) |
| Financial instruments sold, but not yet purchased, at fair value | (18,867,000,000) | 4,243,000,000 | 11,602,000,000 |
| Other, net | 3,971,000,000 | (5,346,000,000) | (11,376,000,000) |
| Net cash provided by/(used for) operating activities | 12,879,000,000 | 22,501,000,000 | (5,357,000,000) |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (961,000,000) | (1,184,000,000) | (1,227,000,000) |
| Proceeds from sales of property, leasehold improvements and equipment | 49,000,000 | 78,000,000 | 72,000,000 |
| Business acquisitions, net of cash acquired | (593,000,000) | (431,000,000) | (804,000,000) |
| Proceeds from sales of investments | 1,195,000,000 | 2,645,000,000 | 1,371,000,000 |
| Purchase of available-for-sale securities | (5,220,000,000) | (2,752,000,000) | (1,885,000,000) |
| Proceeds from sales of available-for-sale securities | 4,537,000,000 | 3,129,000,000 | 2,288,000,000 |
| Loans held for investment, net | (2,741,000,000) | (856,000,000) | (800,000,000) |
| Net cash provided by/(used for) investing activities | (3,734,000,000) | 629,000,000 | (985,000,000) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | (1,952,000,000) | (3,780,000,000) | 1,196,000,000 |
| Other secured financings (short-term), net | 1,540,000,000 | (1,195,000,000) | 12,689,000,000 |
| Proceeds from issuance of other secured financings (long-term) | 4,687,000,000 | 9,809,000,000 | 5,500,000,000 |
| Repayment of other secured financings (long-term), including the current portion | (11,576,000,000) | (8,878,000,000) | (4,849,000,000) |
| Proceeds from issuance of unsecured long-term borrowings | 27,734,000,000 | 29,169,000,000 | 20,231,000,000 |
| Repayment of unsecured long-term borrowings, including the current portion | (36,435,000,000) | (29,187,000,000) | (22,607,000,000) |
| Derivative contracts with a financing element, net | 1,696,000,000 | 1,602,000,000 | 1,222,000,000 |
| Deposits, net | 24,015,000,000 | 7,540,000,000 | (849,000,000) |
| Preferred stock repurchased | (3,857,000,000) | ||
| Common stock repurchased | (4,640,000,000) | (6,048,000,000) | (4,183,000,000) |
| Dividends and dividend equivalents paid on common stock, preferred stock and restricted stock units | (1,086,000,000) | (2,771,000,000) | (1,443,000,000) |
| Proceeds from issuance of preferred stock, net of issuance costs | 3,087,000,000 | ||
| Proceeds from issuance of common stock, including stock option exercises | 317,000,000 | 368,000,000 | 581,000,000 |
| Excess tax benefit related to share-based compensation | 130,000,000 | 358,000,000 | 352,000,000 |
| Cash settlement of share-based compensation | (1,000,000) | (40,000,000) | (1,000,000) |
| Net cash provided by/(used for) financing activities | 7,516,000,000 | (6,910,000,000) | 7,839,000,000 |
| Net increase in cash and cash equivalents | 16,661,000,000 | 16,220,000,000 | 1,497,000,000 |
| Cash and cash equivalents, beginning of year | 56,008,000,000 | 39,788,000,000 | |
| Cash and cash equivalents, end of year | 72,669,000,000 | 56,008,000,000 | 39,788,000,000 |
| SUPPLEMENTAL DISCLOSURES: | |||
| Cash payments for interest, net of capitalized interest | 9,250,000,000 | 8,050,000,000 | 6,740,000,000 |
| Cash payments for income taxes, net of refunds | 1,880,000,000 | 1,780,000,000 | 4,480,000,000 |
| Non-cash activities: | |||
| Debt assumed in connection with business acquisitions | 77,000,000 | 2,090,000,000 | 90,000,000 |
| Common stock issued in connection with business acquisitions | 103,000,000 | ||
| Approximate increase in assets upon adoption of ASU No. 2009-17 | 3,000,000,000 | ||
| Approximate increase in liabilities upon adoption of ASU No. 2009-17 | 3,000,000,000 | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2012 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2012 10-K (Filed: Mar 1, 2013) | ||
| (In Dollars) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Cash and cash equivalents | $ 72,669,000,000 | 56,008,000,000 |
| Cash and securities segregated for regulatory and other purposes (includes $30,484 and $42,014 at fair value as of December 2012 and December 2011, respectively) | 49,671,000,000 | 64,264,000,000 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell and federal funds sold (includes $141,331 and $187,789 at fair value as of December 2012 and December 2011, respectively) | 141,334,000,000 | 187,789,000,000 |
| Securities borrowed (includes $38,395 and $47,621 at fair value as of December 2012 and December 2011, respectively) | 136,893,000,000 | 153,341,000,000 |
| Receivables from brokers, dealers and clearing organizations | 18,480,000,000 | 14,204,000,000 |
| Receivables from customers and counterparties (includes $7,866 and $9,682 at fair value as of December 2012 and December 2011, respectively) | 72,874,000,000 | 60,261,000,000 |
| Financial instruments owned, at fair value (includes $67,177 and $53,989 pledged as collateral as of December 2012 and December 2011, respectively) | 407,011,000,000 | 364,206,000,000 |
| Other assets (includes $13,426 and $0 at fair value as of December 2012 and December 2011, respectively) | 39,623,000,000 | 23,152,000,000 |
| Total assets | 938,555,000,000 | 923,225,000,000 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $5,100 and $4,526 at fair value as of December 2012 and December 2011, respectively) | 70,124,000,000 | 46,109,000,000 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase, at fair value | 171,807,000,000 | 164,502,000,000 |
| Securities loaned (includes $1,558 and $107 at fair value as of December 2012 and December 2011, respectively) | 13,765,000,000 | 7,182,000,000 |
| Other secured financings (includes $30,337 and $30,019 at fair value as of December 2012 and December 2011, respectively) | 32,010,000,000 | 37,364,000,000 |
| Payables to brokers, dealers and clearing organizations | 5,283,000,000 | 3,667,000,000 |
| Payables to customers and counterparties | 189,202,000,000 | 194,625,000,000 |
| Financial instruments sold, but not yet purchased, at fair value | 126,644,000,000 | 145,013,000,000 |
| Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $17,595 and $17,854 at fair value as of December 2012 and December 2011, respectively) | 44,304,000,000 | 49,038,000,000 |
| Unsecured long-term borrowings (includes $12,593 and $17,162 at fair value as of December 2012 and December 2011, respectively) | 167,305,000,000 | 173,545,000,000 |
| Other liabilities and accrued expenses (includes $12,043 and $9,486 at fair value as of December 2012 and December 2011, respectively) | 42,395,000,000 | 31,801,000,000 |
| Total liabilities | 862,839,000,000 | 852,846,000,000 |
| Commitments, contingencies and guarantees | ||
| Shareholders' equity | ||
| Preferred stock, par value $0.01 per share; aggregate liquidation preference of $6,200 and $3,100 as of December 2012 and December 2011, respectively | 6,200,000,000 | 3,100,000,000 |
| Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 816,807,400 and 795,555,310 shares issued as of December 2012 and December 2011, respectively, and 465,148,387 and 485,467,565 shares outstanding as of December 2012 and December 2011, respectively | 8,000,000 | 8,000,000 |
| Restricted stock units and employee stock options | 3,298,000,000 | 5,681,000,000 |
| 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 | 48,030,000,000 | 45,553,000,000 |
| Retained earnings | 65,223,000,000 | 58,834,000,000 |
| Accumulated other comprehensive loss | (193,000,000) | (516,000,000) |
| Stock held in treasury, at cost, par value $0.01 per share; 351,659,015 and 310,087,747 shares as of December 2012 and December 2011, respectively | (46,850,000,000) | (42,281,000,000) |
| Total shareholders' equity | 75,716,000,000 | 70,379,000,000 |
| Total liabilities and shareholders' equity | 938,555,000,000 | 923,225,000,000 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2012 | |
| 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 |