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: 2016 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues | |||
| Investment banking | $ 6,273 | 7,027 | 6,464 |
| Investment management | 5,407 | 5,868 | 5,748 |
| Commissions and fees | 3,208 | 3,320 | 3,316 |
| Market making | 9,933 | 9,523 | 8,365 |
| Other principal transactions | 3,200 | 5,018 | 6,588 |
| Total non-interest revenues | 28,021 | 30,756 | 30,481 |
| Interest income | 9,691 | 8,452 | 9,604 |
| Interest expense | 7,104 | 5,388 | 5,557 |
| Net interest income | 2,587 | 3,064 | 4,047 |
| Net revenues, including net interest income | 30,608 | 33,820 | 34,528 |
| Operating expenses | |||
| Compensation and benefits | 11,647 | 12,678 | 12,691 |
| Brokerage, clearing, exchange and distribution fees | 2,555 | 2,576 | 2,501 |
| Market development | 457 | 557 | 549 |
| Communications and technology | 809 | 806 | 779 |
| Depreciation and amortization | 998 | 991 | 1,337 |
| Occupancy | 788 | 772 | 827 |
| Professional fees | 882 | 963 | 902 |
| Other expenses | 2,168 | 5,699 | 2,585 |
| Total non-compensation expenses | 8,657 | 12,364 | 9,480 |
| Total operating expenses | 20,304 | 25,042 | 22,171 |
| Pre-tax earnings | 10,304 | 8,778 | 12,357 |
| Provision for taxes | 2,906 | 2,695 | 3,880 |
| Net earnings | 7,398 | 6,083 | 8,477 |
| Preferred stock dividends | 311 | 515 | 400 |
| Net earnings applicable to common shareholders | 7,087 | 5,568 | 8,077 |
| Earnings per common share | |||
| Basic | 16.53 | 12.35 | 17.55 |
| Diluted | 16.29 | 12.14 | 17.07 |
| Average common shares | |||
| Basic | 427,400 | 448,900 | 458,900 |
| Diluted | 435,100 | 458,600 | 473,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Income (Unaudited) | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net earnings | $ 7,398 | 6,083 | 8,477 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | (60) | (114) | (109) |
| Debt valuation adjustment | (544) | ||
| Pension and postretirement liabilities | (199) | 139 | (102) |
| Cash flow hedges | (8) | ||
| Other comprehensive income/(loss) | (803) | 25 | (219) |
| Comprehensive income | 6,595 | 6,108 | 8,258 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities | |||
| Net earnings | $ 7,398 | 6,083 | 8,477 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities | |||
| Depreciation and amortization | 998 | 991 | 1,337 |
| Deferred income taxes | 551 | 425 | 495 |
| Share-based compensation | 2,111 | 2,272 | 2,085 |
| Loss/(gain) related to extinguishment of junior subordinated debt | 3 | (34) | (289) |
| Changes in operating assets and liabilities | |||
| Receivables and payables (excluding loans receivable), net | (15,813) | 19,132 | 12,328 |
| Collateralized transactions (excluding other secured financings), net | 78 | (14,825) | (52,793) |
| Financial instruments owned, at fair value | 15,253 | 16,078 | 25,881 |
| Financial instruments sold, but not yet purchased, at fair value | 1,960 | (16,835) | 4,642 |
| Other, net | (6,969) | (5,417) | (10,095) |
| Net cash provided by/(used for) operating activities | 5,570 | 7,870 | (7,932) |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (2,876) | (1,833) | (678) |
| Proceeds from sales of property, leasehold improvements and equipment | 381 | 228 | 30 |
| Net cash acquired in/(used for) business acquisitions | 14,922 | (1,808) | (1,732) |
| Proceeds from sales of investments | 1,512 | 1,019 | 1,514 |
| Loans receivable, net | (4,669) | (16,180) | (14,043) |
| Net cash provided by/(used for) investing activities | 9,270 | (18,574) | (14,909) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | (1,506) | (369) | 1,659 |
| Other secured financings (short-term), net | (808) | (867) | (837) |
| Proceeds from issuance of other secured financings (long-term) | 4,186 | 10,349 | 6,900 |
| Repayment of other secured financings (long-term), including the current portion | (7,375) | (6,502) | (7,636) |
| Purchase of APEX, senior guaranteed securities and trust preferred securities | (1,171) | (1) | (1,611) |
| Proceeds from issuance of unsecured long-term borrowings | 50,763 | 44,595 | 39,857 |
| Repayment of unsecured long-term borrowings, including the current portion | (36,557) | (29,520) | (28,138) |
| Derivative contracts with a financing element, net | 2,115 | (47) | 643 |
| Deposits, net | 10,058 | 14,639 | 12,201 |
| Common stock repurchased | (6,078) | (4,135) | (5,469) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (1,706) | (1,681) | (1,454) |
| Proceeds from issuance of preferred stock, net of issuance costs | 1,303 | 1,993 | 1,980 |
| Proceeds from issuance of common stock, including exercise of share-based awards | 6 | 259 | 123 |
| Excess tax benefit related to share-based awards | 202 | 407 | 782 |
| Cash settlement of share-based awards | (2) | (1) | |
| Net cash provided by/(used for) financing activities | 13,432 | 29,118 | 18,999 |
| Net increase/(decrease) in cash and cash equivalents | 28,272 | 18,414 | (3,842) |
| Cash and cash equivalents, beginning balance | 93,439 | 75,025 | |
| Cash and cash equivalents, ending balance | 121,711 | 93,439 | 75,025 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2016 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Cash and cash equivalents | $ 121,711 | 93,439 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell and federal funds sold (includes $116,077 as of December 2016 and $132,853 as of December 2015, at fair value) | 116,925 | 134,308 |
| Securities borrowed (includes $82,398 as of December 2016 and $75,340 as of December 2015, at fair value) | 184,600 | 177,638 |
| Receivables: | ||
| Brokers, dealers and clearing organizations | 18,044 | 25,453 |
| Customers and counterparties (includes $3,266 as of December 2016 and $4,992 as of December 2015, at fair value) | 47,780 | 46,430 |
| Loans receivable | 49,672 | 45,407 |
| Financial instruments owned, at fair value (includes $51,278 as of December 2016 and $54,426 as of December 2015, pledged as collateral) | 295,952 | 313,502 |
| Other assets | 25,481 | 25,218 |
| Total assets | 860,165 | 861,395 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $13,782 as of December 2016 and $14,680 as of December 2015, at fair value) | 124,098 | 97,519 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase, at fair value | 71,816 | 86,069 |
| Securities loaned (includes $2,647 as of December 2016 and $466 as of December 2015, at fair value) | 7,524 | 3,614 |
| Other secured financings (includes $21,073 as of December 2016 and $23,207 as of December 2015, at fair value) | 21,523 | 24,753 |
| Payables: | ||
| Brokers, dealers and clearing organizations | 4,386 | 5,406 |
| Customers and counterparties | 184,069 | 204,956 |
| Financial instruments sold, but not yet purchased, at fair value | 117,143 | 115,248 |
| Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $14,792 as of December 2016 and $17,743 as of December 2015, at fair value) | 39,265 | 42,787 |
| Unsecured long-term borrowings (includes $29,410 as of December 2016 and $22,273 as of December 2015, at fair value) | 189,086 | 175,422 |
| Other liabilities and accrued expenses (includes $621 as of December 2016 and $1,253 as of December 2015, at fair value) | 14,362 | 18,893 |
| Total liabilities | 773,272 | 774,667 |
| Commitments, contingencies and guarantees | ||
| Shareholders' equity | ||
| Preferred stock, par value $0.01 per share; aggregate liquidation preference of $11,203 as of December 2016 and $11,200 as of December 2015 | 11,203 | 11,200 |
| Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 873,608,100 shares issued as of December 2016 and 863,976,731 shares issued as of December 2015, and 392,632,230 shares outstanding as of December 2016 and 419,480,736 shares outstanding as of December 2015 | 9 | 9 |
| Share-based awards | 3,914 | 4,151 |
| 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 | 52,638 | 51,340 |
| Retained earnings | 89,039 | 83,386 |
| Accumulated other comprehensive loss | (1,216) | (718) |
| Stock held in treasury, at cost, par value $0.01 per share; 480,975,872 shares as of December 2016 and 444,495,997 shares as of December 2015 | (68,694) | (62,640) |
| Total shareholders' equity | 86,893 | 86,728 |
| Total liabilities and shareholders' equity | 860,165 | 861,395 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2016 | |
| 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 |