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: 2013 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 28, 2014) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenues | |||
| Investment banking | $ 6,004 | 4,941 | 4,361 |
| Investment management | 5,194 | 4,968 | 4,691 |
| Commissions and fees | 3,255 | 3,161 | 3,773 |
| Market making | 9,368 | 11,348 | 9,287 |
| Other principal transactions | 6,993 | 5,865 | 1,507 |
| Total non-interest revenues | 30,814 | 30,283 | 23,619 |
| Interest income | 10,060 | 11,381 | 13,174 |
| Interest expense | 6,668 | 7,501 | 7,982 |
| Net interest income/(expense) | 3,392 | 3,880 | 5,192 |
| Net revenues, including net interest income | 34,206 | 34,163 | 28,811 |
| Operating expenses | |||
| Compensation and benefits | 12,613 | 12,944 | 12,223 |
| Brokerage, clearing, exchange and distribution fees | 2,341 | 2,208 | 2,463 |
| Market development | 541 | 509 | 640 |
| Communications and technology | 776 | 782 | 828 |
| Depreciation and amortization | 1,322 | 1,738 | 1,865 |
| Occupancy | 839 | 875 | 1,030 |
| Professional fees | 930 | 867 | 992 |
| Insurance reserves | 176 | 598 | 529 |
| Other expenses | 2,931 | 2,435 | 2,072 |
| Total non-compensation expenses | 9,856 | 10,012 | 10,419 |
| Total operating expenses | 22,469 | 22,956 | 22,642 |
| Pre-tax earnings | 11,737 | 11,207 | 6,169 |
| Provision for taxes | 3,697 | 3,732 | 1,727 |
| Net earnings | 8,040 | 7,475 | 4,442 |
| Preferred stock dividends | 314 | 183 | 1,932 |
| Net earnings applicable to common shareholders | 7,726 | 7,292 | 2,510 |
| Earnings per common share | |||
| Basic | 16.34 | 14.63 | 4.71 |
| Diluted | 15.46 | 14.13 | 4.51 |
| Average common shares outstanding | |||
| Basic | 471,300 | 496,200 | 524,600 |
| Diluted | 499,600 | 516,100 | 556,900 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 28, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net earnings | $ 8,040 | 7,475 | 4,442 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | (50) | (89) | (55) |
| Pension and postretirement liabilities | 38 | 168 | (145) |
| Available-for-sale securities | (327) | 244 | (30) |
| Cash flow hedges | 8 | ||
| Other comprehensive income/(loss) | (331) | 323 | (230) |
| Comprehensive income | 7,709 | 7,798 | 4,212 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 28, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities | |||
| Net earnings | $ 8,040 | 7,475 | 4,442 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities | |||
| Depreciation and amortization | 1,322 | 1,738 | 1,869 |
| Deferred income taxes | 29 | (356) | 726 |
| Share-based compensation | 2,015 | 1,319 | 2,849 |
| Changes in operating assets and liabilities | |||
| Cash and securities segregated for regulatory and other purposes | (143) | 10,817 | (10,532) |
| Net receivables from brokers, dealers and clearing organizations | (5,313) | (2,838) | (3,780) |
| Net payables to customers and counterparties | 1,631 | (17,661) | 13,883 |
| Securities borrowed, net of securities loaned | (22,698) | 23,031 | 8,940 |
| Securities sold under agreements to repurchase, net of securities purchased under agreements to resell and federal funds sold | (28,971) | 53,527 | 122 |
| Financial instruments owned, at fair value | 51,079 | (48,783) | 5,085 |
| Financial instruments sold, but not yet purchased, at fair value | 933 | (18,867) | 4,243 |
| Other, net | (3,170) | 3,971 | (5,346) |
| Net cash provided by operating activities | 4,543 | 12,879 | 22,501 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (706) | (961) | (1,184) |
| Proceeds from sales of property, leasehold improvements and equipment | 62 | 49 | 78 |
| Business acquisitions, net of cash acquired | (2,274) | (593) | (431) |
| Proceeds from sales of investments | 2,503 | 1,195 | 2,645 |
| Purchase of available-for-sale securities | (738) | (5,220) | (2,752) |
| Proceeds from sales of available-for-sale securities | 817 | 4,537 | 3,129 |
| Loans held for investment, net | (8,392) | (2,741) | (856) |
| Net cash provided by/(used for) investing activities | (8,728) | (3,734) | 629 |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 1,336 | (1,952) | (3,780) |
| Other secured financings (short-term), net | (7,272) | 1,540 | (1,195) |
| Proceeds from issuance of other secured financings (long-term) | 6,604 | 4,687 | 9,809 |
| Repayment of other secured financings (long-term), including the current portion | (3,630) | (11,576) | (8,878) |
| Proceeds from issuance of unsecured long-term borrowings | 30,851 | 27,734 | 29,169 |
| Repayment of unsecured long-term borrowings, including the current portion | (30,473) | (36,435) | (29,187) |
| Derivative contracts with a financing element, net | 874 | 1,696 | 1,602 |
| Deposits, net | 683 | 24,015 | 7,540 |
| Preferred stock repurchased | (3,857) | ||
| Common stock repurchased | (6,175) | (4,640) | (6,048) |
| Dividends and dividend equivalents paid on common stock, preferred stock and restricted stock units | (1,302) | (1,086) | (2,771) |
| Proceeds from issuance of preferred stock, net of issuance costs | 991 | 3,087 | |
| Proceeds from issuance of common stock, including stock option exercises | 65 | 317 | 368 |
| Excess tax benefit related to share-based compensation | 98 | 130 | 358 |
| Cash settlement of share-based compensation | (1) | (1) | (40) |
| Net cash provided by/(used for) financing activities | (7,351) | 7,516 | (6,910) |
| Net increase/(decrease) in cash and cash equivalents | (11,536) | 16,661 | 16,220 |
| Cash and cash equivalents, beginning of year | 72,669 | 56,008 | |
| Cash and cash equivalents, end of year | 61,133 | 72,669 | 56,008 |
| SUPPLEMENTAL DISCLOSURES: | |||
| Cash payments for interest, net of capitalized interest | 5,690 | 9,250 | 8,050 |
| Cash payments for income taxes, net of refunds | 4,070 | 1,880 | 1,780 |
| Non-cash activities: | |||
| Debt assumed in connection with business acquisitions | 77 | 2,090 | |
| Common stock issued in connection with business acquisitions | 103 | ||
| Gain (Loss) on Sale of Business | |||
| Hedge Fund Administration business | |||
| Gain on sale of business | (494) | ||
| European Insurance business | |||
| Gain on sale of business | (211) | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2013 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 28, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Cash and cash equivalents | $ 61,133 | 72,669 |
| Cash and securities segregated for regulatory and other purposes (includes $31,937 and $30,484 at fair value as of December 2013 and December 2012, respectively) | 49,671 | 49,671 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell and federal funds sold (includes $161,297 and $141,331 at fair value as of December 2013 and December 2012, respectively) | 161,732 | 141,334 |
| Securities borrowed (includes $60,384 and $38,395 at fair value as of December 2013 and December 2012, respectively) | 164,566 | 136,893 |
| Receivables from brokers, dealers and clearing organizations | 23,840 | 18,480 |
| Receivables from customers and counterparties (includes $7,416 and $7,866 at fair value as of December 2013 and December 2012, respectively) | 88,935 | 72,874 |
| Financial instruments owned, at fair value (includes $62,348 and $67,177 pledged as collateral as of December 2013 and December 2012, respectively) | 339,121 | 407,011 |
| Other assets (includes $18 and $13,426 at fair value as of December 2013 and December 2012, respectively) | 22,509 | 39,623 |
| Total assets | 911,507 | 938,555 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $7,255 and $5,100 at fair value as of December 2013 and December 2012, respectively) | 70,807 | 70,124 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase, at fair value | 164,782 | 171,807 |
| Securities loaned (includes $973 and $1,558 at fair value as of December 2013 and December 2012, respectively) | 18,745 | 13,765 |
| Other secured financings (includes $23,591 and $30,337 at fair value as of December 2013 and December 2012, respectively) | 24,814 | 32,010 |
| Payables to brokers, dealers and clearing organizations | 5,349 | 5,283 |
| Payables to customers and counterparties | 199,416 | 189,202 |
| Financial instruments sold, but not yet purchased, at fair value | 127,426 | 126,644 |
| Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $19,067 and $17,595 at fair value as of December 2013 and December 2012, respectively) | 44,692 | 44,304 |
| Unsecured long-term borrowings (includes $11,691 and $12,593 at fair value as of December 2013 and December 2012, respectively) | 160,965 | 167,305 |
| Other liabilities and accrued expenses (includes $388 and $12,043 at fair value as of December 2013 and December 2012, respectively) | 16,044 | 42,395 |
| Total liabilities | 833,040 | 862,839 |
| Commitments, contingencies and guarantees | ||
| Shareholders' equity | ||
| Preferred stock, par value $0.01 per share; aggregate liquidation preference of $7,200 and $6,200 as of December 2013 and December 2012, respectively | 7,200 | 6,200 |
| Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 837,219,068 and 816,807,400 shares issued as of December 2013 and December 2012, respectively, and 446,359,012 and 465,148,387 shares outstanding as of December 2013 and December 2012, respectively | 8 | 8 |
| Restricted stock units and employee stock options | 3,839 | 3,298 |
| Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized, no shares issued and outstanding | 0 | |
| Additional paid-in capital | 48,998 | 48,030 |
| Retained earnings | 71,961 | 65,223 |
| Accumulated other comprehensive loss | (524) | (193) |
| Stock held in treasury, at cost, par value $0.01 per share; 390,860,058 and 351,659,015 shares as of December 2013 and December 2012, respectively | (53,015) | (46,850) |
| Total shareholders' equity | 78,467 | 75,716 |
| Total liabilities and shareholders' equity | 911,507 | 938,555 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2013 | |
| 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 |