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: 2014 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 23, 2015) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Investment banking | $ 6,464 | 6,004 | 4,941 |
| Investment management | 5,748 | 5,194 | 4,968 |
| Commissions and fees | 3,316 | 3,255 | 3,161 |
| Market making | 8,365 | 9,368 | 11,348 |
| Other principal transactions | 6,588 | 6,993 | 5,865 |
| Total non-interest revenues | 30,481 | 30,814 | 30,283 |
| Interest income | 9,604 | 10,060 | 11,381 |
| Interest expense | 5,557 | 6,668 | 7,501 |
| Net interest income | 4,047 | 3,392 | 3,880 |
| Net revenues, including net interest income | 34,528 | 34,206 | 34,163 |
| Operating expenses | |||
| Compensation and benefits | 12,691 | 12,613 | 12,944 |
| Brokerage, clearing, exchange and distribution fees | 2,501 | 2,341 | 2,208 |
| Market development | 549 | 541 | 509 |
| Communications and technology | 779 | 776 | 782 |
| Depreciation and amortization | 1,337 | 1,322 | 1,738 |
| Occupancy | 827 | 839 | 875 |
| Professional fees | 902 | 930 | 867 |
| Insurance reserves | 176 | 598 | |
| Other expenses | 2,585 | 2,931 | 2,435 |
| Total non-compensation expenses | 9,480 | 9,856 | 10,012 |
| Total operating expenses | 22,171 | 22,469 | 22,956 |
| Pre-tax earnings | 12,357 | 11,737 | 11,207 |
| Provision for taxes | 3,880 | 3,697 | 3,732 |
| Net earnings | 8,477 | 8,040 | 7,475 |
| Preferred stock dividends | 400 | 314 | 183 |
| Net earnings applicable to common shareholders | 8,077 | 7,726 | 7,292 |
| Earnings per common share | |||
| Basic | 17.55 | 16.34 | 14.63 |
| Diluted | 17.07 | 15.46 | 14.13 |
| Average common shares outstanding | |||
| Basic | 458,900 | 471,300 | 496,200 |
| Diluted | 473,200 | 499,600 | 516,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 23, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net earnings | $ 8,477 | 8,040 | 7,475 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | (109) | (50) | (89) |
| Pension and postretirement liabilities | (102) | 38 | 168 |
| Available-for-sale securities | (327) | 244 | |
| Cash flow hedges | (8) | 8 | |
| Other comprehensive income/(loss) | (219) | (331) | 323 |
| Comprehensive income | 8,258 | 7,709 | 7,798 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 23, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows from operating activities | |||
| Net earnings | $ 8,477 | 8,040 | 7,475 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities | |||
| Depreciation and amortization | 1,337 | 1,322 | 1,738 |
| Deferred income taxes | 495 | 29 | (356) |
| Share-based compensation | 2,085 | 2,015 | 1,319 |
| Gain on extinguishment of junior subordinated debt | (289) | ||
| Changes in operating assets and liabilities | |||
| Cash and securities segregated for regulatory and other purposes | (2,046) | (143) | 10,817 |
| Receivables and payables (excluding loans receivable), net | 12,328 | (3,682) | (20,499) |
| Collateralized transactions (excluding other secured financings), net | (52,104) | (51,669) | 76,558 |
| Financial instruments owned, at fair value | 27,547 | 51,079 | (48,783) |
| Financial instruments sold, but not yet purchased, at fair value | 4,642 | 933 | (18,867) |
| Other, net | (10,095) | (3,170) | 3,971 |
| Net cash provided by/ (used for) operating activities | (7,623) | 4,543 | 12,879 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (678) | (706) | (961) |
| Proceeds from sales of property, leasehold improvements and equipment | 30 | 62 | 49 |
| Business acquisitions, net of cash acquired | (1,732) | (2,274) | (593) |
| Proceeds from sales of investments | 1,514 | 2,503 | 1,195 |
| Purchase of available-for-sale securities | (738) | (5,220) | |
| Proceeds from sales of available-for-sale securities | 817 | 4,537 | |
| Loans receivable, net | (14,043) | (8,392) | (2,741) |
| Net cash used for investing activities | (14,909) | (8,728) | (3,734) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 1,659 | 1,336 | (1,952) |
| Other secured financings (short-term), net | (837) | (7,272) | 1,540 |
| Proceeds from issuance of other secured financings (long-term) | 6,900 | 6,604 | 4,687 |
| Repayment of other secured financings (long-term), including the current portion | (7,636) | (3,630) | (11,576) |
| Proceeds from issuance of unsecured long-term borrowings | 39,857 | 30,851 | 27,734 |
| Repayment of unsecured long-term borrowings, including the current portion | (28,138) | (30,473) | (36,435) |
| Purchase of trust preferred securities | (1,611) | ||
| Derivative contracts with a financing element, net | 643 | 874 | 1,696 |
| Deposits, net | 12,201 | 683 | 24,015 |
| Common stock repurchased | (5,469) | (6,175) | (4,640) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (1,454) | (1,302) | (1,086) |
| Proceeds from issuance of preferred stock, net of issuance costs | 1,980 | 991 | 3,087 |
| Proceeds from issuance of common stock, including exercise of share-based awards | 123 | 65 | 317 |
| Excess tax benefit related to share-based awards | 782 | 98 | 130 |
| Cash settlement of share-based awards | (1) | (1) | (1) |
| Net cash provided by/(used for) financing activities | 18,999 | (7,351) | 7,516 |
| Net increase/(decrease) in cash and cash equivalents | (3,533) | (11,536) | 16,661 |
| Cash and cash equivalents, beginning of year | 61,133 | 72,669 | |
| Cash and cash equivalents, end of year | 57,600 | 61,133 | 72,669 |
| 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: 2014 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 23, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and cash equivalents | $ 57,600 | 61,133 |
| Cash and securities segregated for regulatory and other purposes (includes $34,291 and $31,937 at fair value as of December 2014 and December 2013, respectively) | 51,716 | 49,671 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell and federal funds sold (includes $126,036 and $161,297 at fair value as of December 2014 and December 2013, respectively) | 127,938 | 161,732 |
| Securities borrowed (includes $66,769 and $60,384 at fair value as of December 2014 and December 2013, respectively) | 160,722 | 164,566 |
| Receivables: | ||
| Brokers, dealers and clearing organizations | 30,671 | 23,840 |
| Customers and counterparties (includes $6,944 and $7,416 at fair value as of December 2014 and December 2013, respectively) | 63,808 | 74,040 |
| Loans receivable | 28,938 | 14,895 |
| Financial instruments owned, at fair value (includes $64,473 and $62,348 pledged as collateral as of December 2014 and December 2013, respectively) | 312,248 | 339,121 |
| Other assets (includes $18 at fair value as of December 2013) | 22,599 | 22,509 |
| Total assets | 856,240 | 911,507 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $13,523 and $7,255 at fair value as of December 2014 and December 2013, respectively) | 83,008 | 70,807 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase, at fair value | 88,215 | 164,782 |
| Securities loaned (includes $765 and $973 at fair value as of December 2014 and December 2013, respectively) | 5,570 | 18,745 |
| Other secured financings (includes $21,450 and $23,591 at fair value as of December 2014 and December 2013, respectively) | 22,809 | 24,814 |
| Payables: | ||
| Brokers, dealers and clearing organizations | 6,636 | 5,349 |
| Customers and counterparties | 206,936 | 199,416 |
| Financial instruments sold, but not yet purchased, at fair value | 132,083 | 127,426 |
| Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $18,826 and $19,067 at fair value as of December 2014 and December 2013, respectively) | 44,540 | 44,692 |
| Unsecured long-term borrowings (includes $16,005 and $11,691 at fair value as of December 2014 and December 2013, respectively) | 167,571 | 160,965 |
| Other liabilities and accrued expenses (includes $831 and $388 at fair value as of December 2014 and December 2013, respectively) | 16,075 | 16,044 |
| Total liabilities | 773,443 | 833,040 |
| Commitments, contingencies and guarantees | ||
| Shareholders' equity | ||
| Preferred stock, par value $0.01 per share; aggregate liquidation preference of $9,200 and $7,200 as of December 2014 and December 2013, respectively | 9,200 | 7,200 |
| Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 852,784,764 and 837,219,068 shares issued as of December 2014 and December 2013, respectively, and 430,259,102 and 446,359,012 shares outstanding as of December 2014 and December 2013, respectively | 9 | 8 |
| Share-based awards | 3,766 | 3,839 |
| 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 | 50,049 | 48,998 |
| Retained earnings | 78,984 | 71,961 |
| Accumulated other comprehensive loss | (743) | (524) |
| Stock held in treasury, at cost, par value $0.01 per share; 422,525,664 and 390,860,058 shares as of December 2014 and December 2013, respectively | (58,468) | (53,015) |
| Total shareholders' equity | 82,797 | 78,467 |
| Total liabilities and shareholders' equity | 856,240 | 911,507 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2014 | |
| 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 |