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: 2017 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 26, 2018) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues | |||
| Investment banking | $ 7,371 | 6,273 | 7,027 |
| Investment management | 5,803 | 5,407 | 5,868 |
| Commissions and fees | 3,051 | 3,208 | 3,320 |
| Market making | 7,660 | 9,933 | 9,523 |
| Other principal transactions | 5,256 | 3,200 | 5,018 |
| Total non-interest revenues | 29,141 | 28,021 | 30,756 |
| Interest income | 13,113 | 9,691 | 8,452 |
| Interest expense | 10,181 | 7,104 | 5,388 |
| Net interest income | 2,932 | 2,587 | 3,064 |
| Net revenues, including net interest income | 32,073 | 30,608 | 33,820 |
| Operating expenses | |||
| Compensation and benefits | 11,853 | 11,647 | 12,678 |
| Brokerage, clearing, exchange and distribution fees | 2,540 | 2,555 | 2,576 |
| Market development | 588 | 457 | 557 |
| Communications and technology | 897 | 809 | 806 |
| Depreciation and amortization | 1,152 | 998 | 991 |
| Occupancy | 733 | 788 | 772 |
| Professional fees | 965 | 882 | 963 |
| Other expenses | 2,213 | 2,168 | 5,699 |
| Total non-compensation expenses | 9,088 | 8,657 | 12,364 |
| Total operating expenses | 20,941 | 20,304 | 25,042 |
| Pre-tax earnings | 11,132 | 10,304 | 8,778 |
| Provision for taxes | 6,846 | 2,906 | 2,695 |
| Net earnings | 4,286 | 7,398 | 6,083 |
| Preferred stock dividends | 601 | 311 | 515 |
| Net earnings applicable to common shareholders | 3,685 | 7,087 | 5,568 |
| Earnings per common share | |||
| Basic | 9.12 | 16.53 | 12.35 |
| Diluted | 9.01 | 16.29 | 12.14 |
| Average common shares | |||
| Basic | 401,600 | 427,400 | 448,900 |
| Diluted | 409,100 | 435,100 | 458,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 26, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net earnings | $ 4,286 | 7,398 | 6,083 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | 22 | (60) | (114) |
| Debt valuation adjustment | (807) | (544) | |
| Pension and postretirement liabilities | 130 | (199) | 139 |
| Available-for-sale securities | (9) | ||
| Other comprehensive income/(loss) | (664) | (803) | 25 |
| Comprehensive income | 3,622 | 6,595 | 6,108 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 26, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities | |||
| Net earnings | $ 4,286 | 7,398 | 6,083 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities: | |||
| Depreciation and amortization | 1,152 | 998 | 991 |
| Deferred income taxes | 5,458 | 551 | 425 |
| Share-based compensation | 1,769 | 2,111 | 2,272 |
| Loss/(gain) related to extinguishment of subordinated borrowings | (114) | 3 | (34) |
| Changes in operating assets and liabilities: | |||
| Receivables and payables (excluding loans receivable), net | (30,082) | (15,813) | 19,132 |
| Collateralized transactions (excluding other secured financings), net | 10,025 | 78 | (14,825) |
| Financial instruments owned (excluding available-for-sale securities) | (11,327) | 15,253 | 16,078 |
| Financial instruments sold, but not yet purchased | (5,296) | 1,960 | (16,835) |
| Other, net | 6,387 | (5,639) | (3,806) |
| Net cash provided by/(used for) operating activities | (17,742) | 6,900 | 9,481 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (3,185) | (2,876) | (1,833) |
| Proceeds from sales of property, leasehold improvements and equipment | 574 | 381 | 228 |
| Net cash acquired in/(used for) business acquisitions | (2,383) | 14,922 | (1,808) |
| Purchase of investments | (9,853) | ||
| Proceeds from sales and paydowns of investments | 2,887 | 1,512 | 1,019 |
| Loans receivable, net | (17,156) | (4,669) | (16,180) |
| Net cash provided by/(used for) investing activities | (29,116) | 9,270 | (18,574) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | (501) | (1,506) | (369) |
| Other secured financings (short-term), net | (405) | (808) | (867) |
| Proceeds from issuance of other secured financings (long-term) | 7,401 | 4,186 | 10,349 |
| Repayment of other secured financings (long-term), including the current portion | (4,726) | (7,375) | (6,502) |
| Purchase of APEX, senior guaranteed securities and trust preferred securities | (237) | (1,171) | (1) |
| Proceeds from issuance of unsecured long-term borrowings | 58,347 | 50,763 | 44,595 |
| Repayment of unsecured long-term borrowings, including the current portion | (30,756) | (36,557) | (29,520) |
| Derivative contracts with a financing element, net | 1,684 | 2,115 | (47) |
| Deposits, net | 14,506 | 10,058 | 14,639 |
| Preferred stock redemption | (850) | ||
| Common stock repurchased | (6,772) | (6,078) | (4,135) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (2,223) | (1,128) | (1,204) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (1,769) | (1,706) | (1,681) |
| Proceeds from issuance of preferred stock, net of issuance costs | 1,495 | 1,303 | 1,993 |
| Proceeds from issuance of common stock, including exercise of share-based awards | 7 | 6 | 259 |
| Cash settlement of share-based awards | (3) | (2) | |
| Net cash provided by financing activities | 35,198 | 12,102 | 27,507 |
| Net increase/(decrease) in cash and cash equivalents | (11,660) | 28,272 | 18,414 |
| Cash and cash equivalents, beginning balance | 121,711 | 93,439 | |
| Cash and cash equivalents, ending balance | 110,051 | 121,711 | 93,439 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2017 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 26, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Cash and cash equivalents | $ 110,051 | 121,711 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell (includes $120,420 and $116,077 at fair value) | 120,822 | 116,925 |
| Securities borrowed (includes $78,189 and $82,398 at fair value) | 190,848 | 184,600 |
| Receivables: | ||
| Brokers, dealers and clearing organizations | 24,676 | 18,044 |
| Customers and counterparties (includes $3,526 and $3,266 at fair value) | 60,112 | 47,780 |
| Loans receivable | 65,933 | 49,672 |
| Financial instruments owned (at fair value and includes $50,335 and $51,278 pledged as collateral) | 315,988 | 295,952 |
| Other assets | 28,346 | 25,481 |
| Total assets | 916,776 | 860,165 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $22,902 and $13,782 at fair value) | 138,604 | 124,098 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase (at fair value) | 84,718 | 71,816 |
| Securities loaned (includes $5,357 and $2,647 at fair value) | 14,793 | 7,524 |
| Other secured financings (includes $24,345 and $21,073 at fair value) | 24,788 | 21,523 |
| Payables: | ||
| Brokers, dealers and clearing organizations | 6,672 | 4,386 |
| Customers and counterparties | 171,497 | 184,069 |
| Financial instruments sold, but not yet purchased (at fair value) | 111,930 | 117,143 |
| Unsecured short-term borrowings (includes $16,904 and $14,792 at fair value) | 46,922 | 39,265 |
| Unsecured long-term borrowings (includes $38,638 and $29,410 at fair value) | 217,687 | 189,086 |
| Other liabilities and accrued expenses (includes $268 and $621 at fair value) | 16,922 | 14,362 |
| Total liabilities | 834,533 | 773,272 |
| Commitments, contingencies and guarantees | ||
| Shareholders' equity | ||
| Preferred stock; aggregate liquidation preference of $11,853 and $11,203 | 11,853 | 11,203 |
| Common stock; 884,592,863 and 873,608,100 shares issued, and 374,808,805 and 392,632,230 shares outstanding | 9 | 9 |
| Share-based awards | 2,777 | 3,914 |
| Nonvoting common stock; no shares issued and outstanding | 0 | 0 |
| Additional paid-in capital | 53,357 | 52,638 |
| Retained earnings | 91,519 | 89,039 |
| Accumulated other comprehensive loss | (1,880) | (1,216) |
| Stock held in treasury, at cost; 509,784,060 and 480,975,872 shares | (75,392) | (68,694) |
| Total shareholders' equity | 82,243 | 86,893 |
| Total liabilities and shareholders' equity | 916,776 | 860,165 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2017 | |
| 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 |