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: 2020 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 22, 2021) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues | |||
| Investment banking | $ 9,141 | 6,798 | 7,430 |
| Investment management | 6,923 | 6,189 | 6,590 |
| Commissions and fees | 3,548 | 2,988 | 3,199 |
| Market making | 15,546 | 10,157 | 9,724 |
| Other principal transactions | 4,651 | 6,052 | 5,906 |
| Total non-interest revenues | 39,809 | 32,184 | 32,849 |
| Interest income | 13,689 | 21,738 | 19,679 |
| Interest expense | 8,938 | 17,376 | 15,912 |
| Net interest income | 4,751 | 4,362 | 3,767 |
| Total net revenues | 44,560 | 36,546 | 36,616 |
| Provision for credit losses | 3,098 | 1,065 | 674 |
| Operating expenses | |||
| Compensation and benefits | 13,309 | 12,353 | 12,328 |
| Transaction based | 4,141 | 3,513 | 3,492 |
| Market development | 401 | 739 | 740 |
| Communications and technology | 1,347 | 1,167 | 1,023 |
| Depreciation and amortization | 1,902 | 1,704 | 1,328 |
| Occupancy | 960 | 1,029 | 809 |
| Professional fees | 1,306 | 1,316 | 1,214 |
| Other expenses | 5,617 | 3,077 | 2,527 |
| Total operating expenses | 28,983 | 24,898 | 23,461 |
| Pre-tax earnings | 12,479 | 10,583 | 12,481 |
| Provision for taxes | 3,020 | 2,117 | 2,022 |
| Net earnings | 9,459 | 8,466 | 10,459 |
| Preferred stock dividends | 544 | 569 | 599 |
| Net earnings applicable to common shareholders | 8,915 | 7,897 | 9,860 |
| Earnings per common share | |||
| Basic | 24.94 | 21.18 | 25.53 |
| Diluted | 24.74 | 21.03 | 25.27 |
| Average common shares | |||
| Basic | 356,400 | 371,600 | 385,400 |
| Diluted | 360,300 | 375,500 | 390,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 22, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net earnings | $ 9,459 | 8,466 | 10,459 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | (80) | 5 | 4 |
| Debt valuation adjustment | (261) | (2,079) | 2,553 |
| Pension and postretirement liabilities | (26) | (261) | 119 |
| Available-for-sale securities | 417 | 158 | (103) |
| Other comprehensive income/(loss) | 50 | (2,177) | 2,573 |
| Comprehensive income | 9,509 | 6,289 | 13,032 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 22, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities | |||
| Net earnings | $ 9,459 | 8,466 | 10,459 |
| Adjustments to reconcile net earnings to net cash provided by/(used) for operating activities: | |||
| Depreciation and amortization | 1,902 | 1,704 | 1,328 |
| Deferred income taxes | (833) | (334) | (2,645) |
| Share-based compensation | 1,920 | 2,018 | 1,831 |
| Gain related to extinguishment of unsecured borrowings | (1) | (20) | (160) |
| Provision for credit losses | 3,098 | 1,065 | 674 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables and payables, net | (30,895) | (7,693) | 6,416 |
| Collateralized transactions (excluding other secured financings), net | (13,007) | 94,991 | 28,147 |
| Trading assets | (33,405) | (68,682) | (23,652) |
| Trading liabilities | 44,892 | (231) | (3,670) |
| Loans held for sale, net | 1,820 | (1,458) | 442 |
| Other, net | 1,322 | (5,958) | (2,606) |
| Net cash provided by/(used for) operating activities | (13,728) | 23,868 | 16,564 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (6,309) | (8,443) | (7,982) |
| Proceeds from sales of property, leasehold improvements and equipment | 2,970 | 6,632 | 3,711 |
| Net cash used for business acquisitions | (231) | (803) | (162) |
| Purchase of investments | (48,670) | (29,773) | (9,418) |
| Proceeds from sales and paydowns of investments | 29,057 | 17,812 | 8,095 |
| Loans (excluding loans held for sale), net | (11,173) | (9,661) | (13,064) |
| Net cash used for investing activities | (34,356) | (24,236) | (18,820) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 7,707 | 14 | 2,337 |
| Other secured financings (short-term), net | 2,861 | (2,050) | 586 |
| Proceeds from issuance of other secured financings (long-term) | 8,073 | 7,257 | 4,996 |
| Repayment of other secured financings (long-term), including the current portion | (4,137) | (7,468) | (9,482) |
| Purchase of Trust Preferred securities | (11) | (206) | (35) |
| Proceeds from issuance of unsecured long-term borrowings | 47,250 | 22,381 | 45,927 |
| Repayment of unsecured long-term borrowings, including the current portion | (55,040) | (43,936) | (37,243) |
| Derivative contracts with a financing element, net | 1,037 | 3,952 | 2,294 |
| Deposits, net | 67,343 | 31,214 | 20,206 |
| Preferred stock redemption | (350) | (1,100) | (650) |
| Common stock repurchased | (1,928) | (5,335) | (3,294) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (830) | (745) | (1,118) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (2,336) | (2,104) | (1,810) |
| Proceeds from issuance of preferred stock, net of issuance costs | 349 | 1,098 | |
| Proceeds from issuance of common stock, including exercise of share-based awards | 38 | ||
| Other financing, net | 392 | 395 | |
| Net cash provided by financing activities | 70,380 | 3,367 | 22,752 |
| Net increase in cash and cash equivalents | 22,296 | 2,999 | 20,496 |
| Cash and cash equivalents, beginning balance | 133,546 | 130,547 | |
| Cash and cash equivalents, ending balance | 155,842 | 133,546 | 130,547 |
| Supplemental disclosures: | |||
| Cash payments for interest, net of capitalized interest | 9,091 | 18,645 | 16,721 |
| Cash payments for income taxes, net | 2,754 | 1,266 | 1,271 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 22, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Cash and cash equivalents | $ 155,842 | 133,546 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell (at fair value) | 108,060 | 85,691 |
| Securities borrowed (includes $28,898 and $26,279 at fair value) | 142,160 | 136,071 |
| Customer and other receivables (includes $82 and $53 at fair value) | 121,331 | 74,605 |
| Trading assets (at fair value and includes $69,031 and $66,605 pledged as collateral) | 393,630 | 355,332 |
| Investments (includes $82,778 and $57,827 at fair value, and $13,375 and $10,968 pledged as collateral) | 88,445 | 63,937 |
| Loans (net of allowance of $3,874 and $1,441, and includes $13,625 and $14,386 at fair value) | 116,115 | 108,904 |
| Other assets | 37,445 | 34,882 |
| Total assets | 1,163,028 | 992,968 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $16,176 and $17,765 at fair value) | 259,962 | 190,019 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase (at fair value) | 126,571 | 117,756 |
| Securities loaned (includes $1,053 and $714 at fair value) | 21,621 | 14,985 |
| Other secured financings (includes $24,126 and $18,071 at fair value) | 25,755 | 19,277 |
| Customer and other payables | 190,658 | 174,817 |
| Trading liabilities (at fair value) | 153,727 | 108,835 |
| Unsecured short-term borrowings (includes $26,750 and $26,007 at fair value) | 52,870 | 48,287 |
| Unsecured long-term borrowings (includes $40,911 and $43,661 at fair value) | 213,481 | 207,076 |
| Other liabilities (includes $263 and $150 at fair value) | 22,451 | 21,651 |
| Total liabilities | 1,067,096 | 902,703 |
| Commitments, contingencies and guarantees | ||
| Shareholders' equity | ||
| Preferred stock; aggregate liquidation preference of $11,203 and $11,203 | 11,203 | 11,203 |
| Common stock; 901,692,039 and 896,782,650 shares issued, and 344,088,725 and 347,343,184 shares outstanding | 9 | 9 |
| Share-based awards | 3,468 | 3,195 |
| Nonvoting common stock; no shares issued and outstanding | 0 | 0 |
| Additional paid-in capital | 55,679 | 54,883 |
| Retained earnings | 112,947 | 106,465 |
| Accumulated other comprehensive loss | (1,434) | (1,484) |
| Stock held in treasury, at cost; 557,603,316 and 549,439,468 shares | (85,940) | (84,006) |
| Total shareholders' equity | 95,932 | 90,265 |
| Total liabilities and shareholders' equity | 1,163,028 | 992,968 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2020 | |
| 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 |