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: 2018 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues | |||
| Investment banking | $ 7,862 | 7,371 | 6,273 |
| Investment management | 6,514 | 5,803 | 5,407 |
| Commissions and fees | 3,199 | 3,051 | 3,208 |
| Market making | 9,451 | 7,660 | 9,933 |
| Other principal transactions | 5,823 | 5,913 | 3,382 |
| Total non-interest revenues | 32,849 | 29,798 | 28,203 |
| Interest income | 19,679 | 13,113 | 9,691 |
| Interest expense | 15,912 | 10,181 | 7,104 |
| Net interest income | 3,767 | 2,932 | 2,587 |
| Total net revenues | 36,616 | 32,730 | 30,790 |
| Provision for credit losses | 674 | 657 | 182 |
| Operating expenses | |||
| Compensation and benefits | 12,328 | 11,653 | 11,448 |
| Brokerage, clearing, exchange and distribution fees | 3,200 | 2,876 | 2,823 |
| Market development | 740 | 588 | 457 |
| Communications and technology | 1,023 | 897 | 809 |
| Depreciation and amortization | 1,328 | 1,152 | 998 |
| Occupancy | 809 | 733 | 788 |
| Professional fees | 1,214 | 1,165 | 1,081 |
| Other expenses | 2,819 | 1,877 | 1,900 |
| Total operating expenses | 23,461 | 20,941 | 20,304 |
| Pre-tax earnings | 12,481 | 11,132 | 10,304 |
| Provision for taxes | 2,022 | 6,846 | 2,906 |
| Net earnings | 10,459 | 4,286 | 7,398 |
| Preferred stock dividends | 599 | 601 | 311 |
| Net earnings applicable to common shareholders | 9,860 | 3,685 | 7,087 |
| Earnings per common share | |||
| Basic | 25.53 | 9.12 | 16.53 |
| Diluted | 25.27 | 9.01 | 16.29 |
| Average common shares | |||
| Basic | 385,400 | 401,600 | 427,400 |
| Diluted | 390,200 | 409,100 | 435,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net earnings | $ 10,459 | 4,286 | 7,398 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | 4 | 22 | (60) |
| Debt valuation adjustment | 2,553 | (807) | (544) |
| Pension and postretirement liabilities | 119 | 130 | (199) |
| Available-for-sale securities | (103) | (9) | |
| Other comprehensive income/(loss) | 2,573 | (664) | (803) |
| Comprehensive income | 13,032 | 3,622 | 6,595 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash flows from operating activities | |||
| Net earnings | $ 10,459 | 4,286 | 7,398 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities: | |||
| Depreciation and amortization | 1,328 | 1,152 | 998 |
| Deferred income taxes | (2,645) | 5,458 | 551 |
| Share-based compensation | 1,831 | 1,769 | 2,111 |
| Loss/(gain) related to extinguishment of unsecured borrowings | (160) | (114) | 3 |
| Provision for credit losses | 674 | 657 | 182 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables and payables, net | 7,186 | (30,136) | (14,723) |
| Collateralized transactions (excluding other secured financings), net | 28,147 | 10,025 | 78 |
| Financial instruments owned (excluding available-for-sale securities) | (23,381) | (11,843) | 13,662 |
| Financial instruments sold, but not yet purchased | (3,670) | (5,296) | 1,960 |
| Other, net | 652 | 5,815 | (5,726) |
| Net cash provided by/(used for) operating activities | 20,421 | (18,227) | 6,494 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (7,982) | (3,184) | (2,865) |
| Proceeds from sales of property, leasehold improvements and equipment | 3,711 | 574 | 381 |
| Net cash acquired in/(used for) business acquisitions | (162) | (2,383) | 14,922 |
| Purchase of investments | (3,790) | (9,853) | |
| Proceeds from sales and paydowns of investments | 411 | 2,900 | 1,517 |
| Loans receivable, net | (14,865) | (16,693) | (4,280) |
| Net cash provided by/(used for) investing activities | (22,677) | (28,639) | 9,675 |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 2,337 | (501) | (1,506) |
| Other secured financings (short-term), net | 586 | (405) | (808) |
| Proceeds from issuance of other secured financings (long-term) | 4,996 | 7,401 | 4,186 |
| Repayment of other secured financings (long-term), including the current portion | (9,482) | (4,726) | (7,375) |
| Purchase of APEX, senior guaranteed securities and trust preferred securities | (35) | (237) | (1,171) |
| Proceeds from issuance of unsecured long-term borrowings | 45,927 | 58,347 | 50,763 |
| Repayment of unsecured long-term borrowings, including the current portion | (37,243) | (30,748) | (36,556) |
| Derivative contracts with a financing element, net | 2,294 | 1,684 | 2,115 |
| Deposits, net | 20,206 | 14,506 | 10,058 |
| Preferred stock redemption | (650) | (850) | |
| Common stock repurchased | (3,294) | (6,772) | (6,078) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (1,118) | (2,223) | (1,128) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (1,810) | (1,769) | (1,706) |
| Proceeds from issuance of preferred stock, net of issuance costs | 1,495 | 1,303 | |
| Proceeds from issuance of common stock, including exercise of share-based awards | 38 | 7 | 6 |
| Cash settlement of share-based awards | (3) | ||
| Net cash provided by/(used for) financing activities | 22,752 | 35,206 | 12,103 |
| Net increase/(decrease) in cash and cash equivalents | 20,496 | (11,660) | 28,272 |
| Cash and cash equivalents, beginning balance | 110,051 | 121,711 | |
| Cash and cash equivalents, ending balance | 130,547 | 110,051 | 121,711 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2018 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Cash and cash equivalents | $ 130,547 | 110,051 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell (includes $139,220 and $120,420 at fair value) | 139,258 | 120,822 |
| Securities borrowed (includes $23,142 and $78,189 at fair value) | 135,285 | 190,848 |
| Receivables: | ||
| Loans receivable | 80,590 | 65,933 |
| Customer and other receivables (includes $3,189 and $3,526 at fair value) | 79,315 | 84,788 |
| Financial instruments owned (at fair value and includes $55,081 and $50,335 pledged as collateral) | 336,161 | 315,988 |
| Other assets | 30,640 | 28,346 |
| Total assets | 931,796 | 916,776 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $21,060 and $22,902 at fair value) | 158,257 | 138,604 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase (at fair value) | 78,723 | 84,718 |
| Securities loaned (includes $3,241 and $5,357 at fair value) | 11,808 | 14,793 |
| Other secured financings (includes $20,904 and $24,345 at fair value) | 21,433 | 24,788 |
| Customer and other payables | 180,235 | 178,169 |
| Financial instruments sold, but not yet purchased (at fair value) | 108,897 | 111,930 |
| Unsecured short-term borrowings (includes $16,963 and $16,904 at fair value) | 40,502 | 46,922 |
| Unsecured long-term borrowings (includes $46,584 and $38,638 at fair value) | 224,149 | 217,687 |
| Other liabilities (includes $132 and $268 at fair value) | 17,607 | 16,922 |
| Total liabilities | 841,611 | 834,533 |
| Commitments, contingencies and guarantees | ||
| Shareholders' equity | ||
| Preferred stock; aggregate liquidation preference of $11,203 and $11,853 | 11,203 | 11,853 |
| Common stock; 891,356,284 and 884,592,863 shares issued, and 367,741,973 and 374,808,805 shares outstanding | 9 | 9 |
| Share-based awards | 2,845 | 2,777 |
| Nonvoting common stock; no shares issued and outstanding | 0 | 0 |
| Additional paid-in capital | 54,005 | 53,357 |
| Retained earnings | 100,100 | 91,519 |
| Accumulated other comprehensive income/(loss) | 693 | (1,880) |
| Stock held in treasury, at cost; 523,614,313 and 509,784,060 shares | (78,670) | (75,392) |
| Total shareholders' equity | 90,185 | 82,243 |
| Total liabilities and shareholders' equity | 931,796 | 916,776 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2018 | |
| 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 |