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: 2019 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues | |||
| Investment banking | $ 6,798 | 7,430 | 7,076 |
| Investment management | 6,189 | 6,590 | 5,867 |
| Commissions and fees | 2,988 | 3,199 | 3,051 |
| Market making | 10,157 | 9,724 | 7,853 |
| Other principal transactions | 6,052 | 5,906 | 5,951 |
| Total non-interest revenues | 32,184 | 32,849 | 29,798 |
| Interest income | 21,738 | 19,679 | 13,113 |
| Interest expense | 17,376 | 15,912 | 10,181 |
| Net interest income | 4,362 | 3,767 | 2,932 |
| Total net revenues | 36,546 | 36,616 | 32,730 |
| Provision for credit losses | 1,065 | 674 | 657 |
| Operating expenses | |||
| Compensation and benefits | 12,353 | 12,328 | 11,653 |
| Brokerage, clearing, exchange and distribution fees | 3,252 | 3,200 | 2,876 |
| Market development | 739 | 740 | 588 |
| Communications and technology | 1,167 | 1,023 | 897 |
| Depreciation and amortization | 1,704 | 1,328 | 1,152 |
| Occupancy | 1,029 | 809 | 733 |
| Professional fees | 1,316 | 1,214 | 1,165 |
| Other expenses | 3,338 | 2,819 | 1,877 |
| Total operating expenses | 24,898 | 23,461 | 20,941 |
| Pre-tax earnings | 10,583 | 12,481 | 11,132 |
| Provision for taxes | 2,117 | 2,022 | 6,846 |
| Net earnings | 8,466 | 10,459 | 4,286 |
| Preferred stock dividends | 569 | 599 | 601 |
| Net earnings applicable to common shareholders | 7,897 | 9,860 | 3,685 |
| Earnings per common share | |||
| Basic | 21.18 | 25.53 | 9.12 |
| Diluted | 21.03 | 25.27 | 9.01 |
| Average common shares | |||
| Basic | 371,600 | 385,400 | 401,600 |
| Diluted | 375,500 | 390,200 | 409,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net earnings | $ 8,466 | 10,459 | 4,286 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | 5 | 4 | 22 |
| Debt valuation adjustment | (2,079) | 2,553 | (807) |
| Pension and postretirement liabilities | (261) | 119 | 130 |
| Available-for-sale securities | 158 | (103) | (9) |
| Other comprehensive income/(loss) | (2,177) | 2,573 | (664) |
| Comprehensive income | 6,289 | 13,032 | 3,622 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities | |||
| Net earnings | $ 8,466 | 10,459 | 4,286 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities: | |||
| Depreciation and amortization | 1,704 | 1,328 | 1,152 |
| Deferred income taxes | (334) | (2,645) | 5,458 |
| Share-based compensation | 2,018 | 1,831 | 1,769 |
| Gain related to extinguishment of unsecured borrowings | (20) | (160) | (114) |
| Provision for credit losses | 1,065 | 674 | 657 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables and payables, net | (7,693) | 6,416 | (26,981) |
| Collateralized transactions (excluding other secured financings), net | 94,991 | 28,147 | 10,025 |
| Trading assets | (68,682) | (23,652) | (9,586) |
| Trading liabilities | (231) | (3,670) | (5,296) |
| Loans held for sale, net | (1,458) | 442 | (2,385) |
| Other, net | (5,958) | (2,606) | 526 |
| Net cash provided by/(used for) operating activities | 23,868 | 16,564 | (20,489) |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (8,443) | (7,982) | (3,184) |
| Proceeds from sales of property, leasehold improvements and equipment | 6,632 | 3,711 | 574 |
| Net cash used for business acquisitions | (803) | (162) | (2,383) |
| Purchase of investments | (29,773) | (9,418) | (17,381) |
| Proceeds from sales and paydowns of investments | 17,812 | 8,095 | 13,031 |
| Loans, net (excluding loans held for sale) | (9,661) | (13,064) | (17,034) |
| Net cash used for investing activities | (24,236) | (18,820) | (26,377) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 14 | 2,337 | (501) |
| Other secured financings (short-term), net | (2,050) | 586 | (405) |
| Proceeds from issuance of other secured financings (long-term) | 7,257 | 4,996 | 7,401 |
| Repayment of other secured financings (long-term), including the current portion | (7,468) | (9,482) | (4,726) |
| Purchase of Trust Preferred securities | (206) | (35) | (237) |
| Proceeds from issuance of unsecured long-term borrowings | 22,381 | 45,927 | 58,347 |
| Repayment of unsecured long-term borrowings, including the current portion | (43,936) | (37,243) | (30,748) |
| Derivative contracts with a financing element, net | 3,952 | 2,294 | 1,684 |
| Deposits, net | 31,214 | 20,206 | 14,506 |
| Preferred stock redemption | (1,100) | (650) | (850) |
| Common stock repurchased | (5,335) | (3,294) | (6,772) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (745) | (1,118) | (2,223) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (2,104) | (1,810) | (1,769) |
| Proceeds from issuance of preferred stock, net of issuance costs | 1,098 | 1,495 | |
| Proceeds from issuance of common stock, including exercise of share-based awards | 38 | 7 | |
| Cash settlement of share-based awards | (3) | ||
| Other financing, net | 395 | ||
| Net cash provided by financing activities | 3,367 | 22,752 | 35,206 |
| Net increase/(decrease) in cash and cash equivalents | 2,999 | 20,496 | (11,660) |
| Cash and cash equivalents, beginning balance | 130,547 | 110,051 | |
| Cash and cash equivalents, ending balance | 133,546 | 130,547 | 110,051 |
| Supplemental disclosures: | |||
| Cash payments for interest, net of capitalized interest | 18,645 | 16,721 | 11,174 |
| Cash payments for income taxes, net | 1,266 | 1,271 | 1,425 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Cash and cash equivalents | $ 133,546 | 130,547 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell (includes $85,691 and $139,220 at fair value) | 85,691 | 139,258 |
| Securities borrowed (includes $26,279 and $23,142 at fair value) | 136,071 | 135,285 |
| Customer and other receivables (includes $53 and $160 at fair value) | 74,605 | 72,455 |
| Trading assets (at fair value and includes $66,605 and $47,371 pledged as collateral) | 355,332 | 280,195 |
| Investments (includes $57,827 and $45,579 at fair value, and $10,968 and $7,710 pledged as collateral) | 63,937 | 47,224 |
| Loans (includes $14,386 and $13,416 at fair value) | 108,904 | 97,837 |
| Other assets | 34,882 | 28,995 |
| Total assets | 992,968 | 931,796 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $17,765 and $21,060 at fair value) | 190,019 | 158,257 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase (at fair value) | 117,756 | 78,723 |
| Securities loaned (includes $714 and $3,241 at fair value) | 14,985 | 11,808 |
| Other secured financings (includes $18,071 and $20,904 at fair value) | 19,277 | 21,433 |
| Customer and other payables | 174,817 | 180,235 |
| Trading liabilities (at fair value) | 108,835 | 108,897 |
| Unsecured short-term borrowings (includes $26,007 and $16,963 at fair value) | 48,287 | 40,502 |
| Unsecured long-term borrowings (includes $43,661 and $46,584 at fair value) | 207,076 | 224,149 |
| Other liabilities (includes $150 and $132 at fair value) | 21,651 | 17,607 |
| Total liabilities | 902,703 | 841,611 |
| Commitments, contingencies and guarantees | ||
| Shareholders' equity | ||
| Preferred stock; aggregate liquidation preference of $11,203 and $11,203 | 11,203 | 11,203 |
| Common stock; 896,782,650 and 891,356,284 shares issued, and 347,343,184 and 367,741,973 shares outstanding | 9 | 9 |
| Share-based awards | 3,195 | 2,845 |
| Nonvoting common stock; no shares issued and outstanding | 0 | 0 |
| Additional paid-in capital | 54,883 | 54,005 |
| Retained earnings | 106,465 | 100,100 |
| Accumulated other comprehensive income/(loss) | (1,484) | 693 |
| Stock held in treasury, at cost; 549,439,468 and 523,614,313 shares | (84,006) | (78,670) |
| Total shareholders' equity | 90,265 | 90,185 |
| Total liabilities and shareholders' equity | 992,968 | 931,796 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2019 | |
| 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 |