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: 2015 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2015 10-K/A (Amendment Filed: Mar 2, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenues | |||
| Investment banking | $ 7,027 | 6,464 | 6,004 |
| Investment management | 5,868 | 5,748 | 5,194 |
| Commissions and fees | 3,320 | 3,316 | 3,255 |
| Market making | 9,523 | 8,365 | 9,368 |
| Other principal transactions | 5,018 | 6,588 | 6,993 |
| Total non-interest revenues | 30,756 | 30,481 | 30,814 |
| Interest income | 8,452 | 9,604 | 10,060 |
| Interest expense | 5,388 | 5,557 | 6,668 |
| Net interest income | 3,064 | 4,047 | 3,392 |
| Net revenues, including net interest income | 33,820 | 34,528 | 34,206 |
| Operating expenses | |||
| Compensation and benefits | 12,678 | 12,691 | 12,613 |
| Brokerage, clearing, exchange and distribution fees | 2,576 | 2,501 | 2,341 |
| Market development | 557 | 549 | 541 |
| Communications and technology | 806 | 779 | 776 |
| Depreciation and amortization | 991 | 1,337 | 1,322 |
| Occupancy | 772 | 827 | 839 |
| Professional fees | 963 | 902 | 930 |
| Insurance reserves | 176 | ||
| Other expenses | 5,699 | 2,585 | 2,931 |
| Total non-compensation expenses | 12,364 | 9,480 | 9,856 |
| Total operating expenses | 25,042 | 22,171 | 22,469 |
| Pre-tax earnings | 8,778 | 12,357 | 11,737 |
| Provision for taxes | 2,695 | 3,880 | 3,697 |
| Net earnings | 6,083 | 8,477 | 8,040 |
| Preferred stock dividends | 515 | 400 | 314 |
| Net earnings applicable to common shareholders | 5,568 | 8,077 | 7,726 |
| Earnings per common share | |||
| Basic | 12.35 | 17.55 | 16.34 |
| Diluted | 12.14 | 17.07 | 15.46 |
| Average common shares outstanding | |||
| Basic | 448,900 | 458,900 | 471,300 |
| Diluted | 458,600 | 473,200 | 499,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K/A (Amendment Filed: Mar 2, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net earnings | $ 6,083 | 8,477 | 8,040 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | (114) | (109) | (50) |
| Pension and postretirement liabilities | 139 | (102) | 38 |
| Available-for-sale securities | (327) | ||
| Cash flow hedges | (8) | 8 | |
| Other comprehensive income/(loss) | 25 | (219) | (331) |
| Comprehensive income | 6,108 | 8,258 | 7,709 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K/A (Amendment Filed: Mar 2, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities | |||
| Net earnings | $ 6,083 | 8,477 | 8,040 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities | |||
| Depreciation and amortization | 991 | 1,337 | 1,322 |
| Deferred income taxes | 425 | 495 | 29 |
| Share-based compensation | 2,272 | 2,085 | 2,015 |
| Gain on sale of European insurance business | 0 | 0 | (211) |
| Gain related to extinguishment of junior subordinated debt | (34) | (289) | |
| Changes in operating assets and liabilities | |||
| Cash and securities segregated for regulatory and other purposes | (5,123) | (2,046) | (143) |
| Receivables and payables (excluding loans receivable), net | 19,132 | 12,328 | (3,682) |
| Collateralized transactions (excluding other secured financings), net | (9,005) | (52,104) | (51,669) |
| Financial instruments owned, at fair value | 14,472 | 27,547 | 51,079 |
| Financial instruments sold, but not yet purchased, at fair value | (16,835) | 4,642 | 933 |
| Other, net | (5,417) | (10,095) | (3,170) |
| Net cash provided by/(used for) operating activities | 6,961 | (7,623) | 4,543 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (1,833) | (678) | (706) |
| Proceeds from sales of property, leasehold improvements and equipment | 228 | 30 | 62 |
| Business acquisitions, net of cash acquired | (1,808) | (1,732) | (2,274) |
| Proceeds from sales of investments | 1,019 | 1,514 | 2,503 |
| Purchase of available-for-sale securities | (738) | ||
| Proceeds from sales of available-for-sale securities | 817 | ||
| Loans receivable, net | (16,180) | (14,043) | (8,392) |
| Net cash provided by/(used for) investing activities | (18,574) | (14,909) | (8,728) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | (369) | 1,659 | 1,336 |
| Other secured financings (short-term), net | (867) | (837) | (7,272) |
| Proceeds from issuance of other secured financings (long-term) | 10,349 | 6,900 | 6,604 |
| Repayment of other secured financings (long-term), including the current portion | (6,502) | (7,636) | (3,630) |
| Proceeds from issuance of unsecured long-term borrowings | 44,595 | 39,857 | 30,851 |
| Repayment of unsecured long-term borrowings, including the current portion | (29,520) | (28,138) | (30,473) |
| Purchase of trust preferred securities | (1) | (1,611) | |
| Derivative contracts with a financing element, net | (47) | 643 | 874 |
| Deposits, net | 14,639 | 12,201 | 683 |
| Common stock repurchased | (4,135) | (5,469) | (6,175) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (1,681) | (1,454) | (1,302) |
| Proceeds from issuance of preferred stock, net of issuance costs | 1,993 | 1,980 | 991 |
| Proceeds from issuance of common stock, including exercise of share-based awards | 259 | 123 | 65 |
| Excess tax benefit related to share-based awards | 407 | 782 | 98 |
| Cash settlement of share-based awards | (2) | (1) | (1) |
| Net cash provided by/(used for) financing activities | 29,118 | 18,999 | (7,351) |
| Net increase/(decrease) in cash and cash equivalents | 17,505 | (3,533) | (11,536) |
| Cash and cash equivalents, beginning of year | 57,600 | 61,133 | |
| Cash and cash equivalents, end of year | 75,105 | 57,600 | 61,133 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2015 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2015 10-K/A (Amendment Filed: Mar 2, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Cash and cash equivalents | $ 75,105 | 57,600 |
| Cash and securities segregated for regulatory and other purposes (includes $38,504 and $34,291 at fair value as of December 2015 and December 2014, respectively) | 56,838 | 51,716 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell and federal funds sold (includes $119,450 and $126,036 at fair value as of December 2015 and December 2014, respectively) | 120,905 | 127,938 |
| Securities borrowed (includes $69,801 and $66,769 at fair value as of December 2015 and December 2014, respectively) | 172,099 | 160,722 |
| Receivables: | ||
| Brokers, dealers and clearing organizations | 25,453 | 30,671 |
| Customers and counterparties (includes $4,992 and $6,944 at fair value as of December 2015 and December 2014, respectively) | 46,430 | 63,808 |
| Loans receivable | 45,407 | 28,938 |
| Financial instruments owned, at fair value (includes $54,426 and $64,473 pledged as collateral as of December 2015 and December 2014, respectively) | 293,940 | 312,248 |
| Other assets | 25,218 | 22,201 |
| Total assets | 861,395 | 855,842 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $14,680 and $13,523 at fair value as of December 2015 and December 2014, respectively) | 97,519 | 82,880 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase, at fair value | 86,069 | 88,215 |
| Securities loaned (includes $466 and $765 at fair value as of December 2015 and December 2014, respectively) | 3,614 | 5,570 |
| Other secured financings (includes $23,207 and $21,450 at fair value as of December 2015 and December 2014, respectively) | 24,753 | 22,809 |
| Payables: | ||
| Brokers, dealers and clearing organizations | 5,406 | 6,636 |
| Customers and counterparties | 204,956 | 206,936 |
| Financial instruments sold, but not yet purchased, at fair value | 115,248 | 132,083 |
| Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $17,743 and $18,826 at fair value as of December 2015 and December 2014, respectively) | 42,787 | 44,539 |
| Unsecured long-term borrowings (includes $22,273 and $16,005 at fair value as of December 2015 and December 2014, respectively) | 175,422 | 167,302 |
| Other liabilities and accrued expenses (includes $1,253 and $831 at fair value as of December 2015 and December 2014, respectively) | 18,893 | 16,075 |
| Total liabilities | 774,667 | 773,045 |
| Commitments, contingencies and guarantees | 0 | 0 |
| Shareholders' equity | ||
| Preferred stock, par value $0.01 per share; aggregate liquidation preference of $11,200 and $9,200 as of December 2015 and December 2014, respectively | 11,200 | 9,200 |
| Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 863,976,731 and 852,784,764 shares issued as of December 2015 and December 2014, respectively, and 419,480,736 and 430,259,102 shares outstanding as of December 2015 and December 2014, respectively | 9 | 9 |
| Share-based awards | 4,151 | 3,766 |
| 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 | 51,340 | 50,049 |
| Retained earnings | 83,386 | 78,984 |
| Accumulated other comprehensive loss | (718) | (743) |
| Stock held in treasury, at cost, par value $0.01 per share; 444,495,997 and 422,525,664 shares as of December 2015 and December 2014, respectively | (62,640) | (58,468) |
| Total shareholders' equity | 86,728 | 82,797 |
| Total liabilities and shareholders' equity | 861,395 | 855,842 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2015 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2015 10-K (Superseded Filed: Feb 22, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenues | |||
| Investment banking | $ 7,027 | 6,464 | 6,004 |
| Investment management | 5,868 | 5,748 | 5,194 |
| Commissions and fees | 3,320 | 3,316 | 3,255 |
| Market making | 9,523 | 8,365 | 9,368 |
| Other principal transactions | 5,018 | 6,588 | 6,993 |
| Total non-interest revenues | 30,756 | 30,481 | 30,814 |
| Interest income | 8,452 | 9,604 | 10,060 |
| Interest expense | 5,388 | 5,557 | 6,668 |
| Net interest income | 3,064 | 4,047 | 3,392 |
| Net revenues, including net interest income | 33,820 | 34,528 | 34,206 |
| Operating expenses | |||
| Compensation and benefits | 12,678 | 12,691 | 12,613 |
| Brokerage, clearing, exchange and distribution fees | 2,576 | 2,501 | 2,341 |
| Market development | 557 | 549 | 541 |
| Communications and technology | 806 | 779 | 776 |
| Depreciation and amortization | 991 | 1,337 | 1,322 |
| Occupancy | 772 | 827 | 839 |
| Professional fees | 963 | 902 | 930 |
| Insurance reserves | 176 | ||
| Other expenses | 5,699 | 2,585 | 2,931 |
| Total non-compensation expenses | 12,364 | 9,480 | 9,856 |
| Total operating expenses | 25,042 | 22,171 | 22,469 |
| Pre-tax earnings | 8,778 | 12,357 | 11,737 |
| Provision for taxes | 2,695 | 3,880 | 3,697 |
| Net earnings | 6,083 | 8,477 | 8,040 |
| Preferred stock dividends | 515 | 400 | 314 |
| Net earnings applicable to common shareholders | 5,568 | 8,077 | 7,726 |
| Earnings per common share | |||
| Basic | 12.35 | 17.55 | 16.34 |
| Diluted | 12.14 | 17.07 | 15.46 |
| Average common shares outstanding | |||
| Basic | 448,900 | 458,900 | 471,300 |
| Diluted | 458,600 | 473,200 | 499,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Superseded Filed: Feb 22, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net earnings | $ 6,083 | 8,477 | 8,040 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | (114) | (109) | (50) |
| Pension and postretirement liabilities | 139 | (102) | 38 |
| Available-for-sale securities | (327) | ||
| Cash flow hedges | (8) | 8 | |
| Other comprehensive income/(loss) | 25 | (219) | (331) |
| Comprehensive income | 6,108 | 8,258 | 7,709 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Superseded Filed: Feb 22, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities | |||
| Net earnings | $ 6,083 | 8,477 | 8,040 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities | |||
| Depreciation and amortization | 991 | 1,337 | 1,322 |
| Deferred income taxes | 425 | 495 | 29 |
| Share-based compensation | 2,272 | 2,085 | 2,015 |
| Gain on sale of European insurance business | 0 | 0 | (211) |
| Gain related to extinguishment of junior subordinated debt | (34) | (289) | |
| Changes in operating assets and liabilities | |||
| Cash and securities segregated for regulatory and other purposes | (5,123) | (2,046) | (143) |
| Receivables and payables (excluding loans receivable), net | 19,132 | 12,328 | (3,682) |
| Collateralized transactions (excluding other secured financings), net | (9,005) | (52,104) | (51,669) |
| Financial instruments owned, at fair value | 14,472 | 27,547 | 51,079 |
| Financial instruments sold, but not yet purchased, at fair value | (16,835) | 4,642 | 933 |
| Other, net | (5,417) | (10,095) | (3,170) |
| Net cash provided by/(used for) operating activities | 6,961 | (7,623) | 4,543 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (1,833) | (678) | (706) |
| Proceeds from sales of property, leasehold improvements and equipment | 228 | 30 | 62 |
| Business acquisitions, net of cash acquired | (1,808) | (1,732) | (2,274) |
| Proceeds from sales of investments | 1,019 | 1,514 | 2,503 |
| Purchase of available-for-sale securities | (738) | ||
| Proceeds from sales of available-for-sale securities | 817 | ||
| Loans receivable, net | (16,180) | (14,043) | (8,392) |
| Net cash used for investing activities | (18,574) | (14,909) | (8,728) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | (369) | 1,659 | 1,336 |
| Other secured financings (short-term), net | (867) | (837) | (7,272) |
| Proceeds from issuance of other secured financings (long-term) | 10,349 | 6,900 | 6,604 |
| Repayment of other secured financings (long-term), including the current portion | (6,502) | (7,636) | (3,630) |
| Proceeds from issuance of unsecured long-term borrowings | 44,595 | 39,857 | 30,851 |
| Repayment of unsecured long-term borrowings, including the current portion | (29,520) | (28,138) | (30,473) |
| Purchase of trust preferred securities | (1) | (1,611) | |
| Derivative contracts with a financing element, net | (47) | 643 | 874 |
| Deposits, net | 14,639 | 12,201 | 683 |
| Common stock repurchased | (4,135) | (5,469) | (6,175) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (1,681) | (1,454) | (1,302) |
| Proceeds from issuance of preferred stock, net of issuance costs | 1,993 | 1,980 | 991 |
| Proceeds from issuance of common stock, including exercise of share-based awards | 259 | 123 | 65 |
| Excess tax benefit related to share-based awards | 407 | 782 | 98 |
| Cash settlement of share-based awards | (2) | (1) | (1) |
| Net cash provided by/(used for) financing activities | 29,118 | 18,999 | (7,351) |
| Net increase/(decrease) in cash and cash equivalents | 17,505 | (3,533) | (11,536) |
| Cash and cash equivalents, beginning of year | 57,600 | 61,133 | |
| Cash and cash equivalents, end of year | 75,105 | 57,600 | 61,133 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2015 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2015 10-K (Superseded Filed: Feb 22, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Cash and cash equivalents | $ 75,105 | 57,600 |
| Cash and securities segregated for regulatory and other purposes (includes $38,504 and $34,291 at fair value as of December 2015 and December 2014, respectively) | 56,838 | 51,716 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell and federal funds sold (includes $119,450 and $126,036 at fair value as of December 2015 and December 2014, respectively) | 120,905 | 127,938 |
| Securities borrowed (includes $69,801 and $66,769 at fair value as of December 2015 and December 2014, respectively) | 172,099 | 160,722 |
| Receivables: | ||
| Brokers, dealers and clearing organizations | 25,453 | 30,671 |
| Customers and counterparties (includes $4,992 and $6,944 at fair value as of December 2015 and December 2014, respectively) | 46,430 | 63,808 |
| Loans receivable | 45,407 | 28,938 |
| Financial instruments owned, at fair value (includes $54,426 and $64,473 pledged as collateral as of December 2015 and December 2014, respectively) | 293,940 | 312,248 |
| Other assets | 25,218 | 22,201 |
| Total assets | 861,395 | 855,842 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $14,680 and $13,523 at fair value as of December 2015 and December 2014, respectively) | 97,519 | 82,880 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase, at fair value | 86,069 | 88,215 |
| Securities loaned (includes $466 and $765 at fair value as of December 2015 and December 2014, respectively) | 3,614 | 5,570 |
| Other secured financings (includes $23,207 and $21,450 at fair value as of December 2015 and December 2014, respectively) | 24,753 | 22,809 |
| Payables: | ||
| Brokers, dealers and clearing organizations | 5,406 | 6,636 |
| Customers and counterparties | 204,956 | 206,936 |
| Financial instruments sold, but not yet purchased, at fair value | 115,248 | 132,083 |
| Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $17,743 and $18,826 at fair value as of December 2015 and December 2014, respectively) | 42,787 | 44,539 |
| Unsecured long-term borrowings (includes $22,273 and $16,005 at fair value as of December 2015 and December 2014, respectively) | 175,422 | 167,302 |
| Other liabilities and accrued expenses (includes $1,253 and $831 at fair value as of December 2015 and December 2014, respectively) | 18,893 | 16,075 |
| Total liabilities | 774,667 | 773,045 |
| Commitments, contingencies and guarantees | 0 | 0 |
| Shareholders' equity | ||
| Preferred stock, par value $0.01 per share; aggregate liquidation preference of $11,200 and $9,200 as of December 2015 and December 2014, respectively | 11,200 | 9,200 |
| Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 863,976,731 and 852,784,764 shares issued as of December 2015 and December 2014, respectively, and 419,480,736 and 430,259,102 shares outstanding as of December 2015 and December 2014, respectively | 9 | 9 |
| Share-based awards | 4,151 | 3,766 |
| 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 | 51,340 | 50,049 |
| Retained earnings | 83,386 | 78,984 |
| Accumulated other comprehensive loss | (718) | (743) |
| Stock held in treasury, at cost, par value $0.01 per share; 444,495,997 and 422,525,664 shares as of December 2015 and December 2014, respectively | (62,640) | (58,468) |
| Total shareholders' equity | 86,728 | 82,797 |
| Total liabilities and shareholders' equity | 861,395 | 855,842 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2015 | |
| 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 |