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: 2021 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues | |||
| Investment banking | $ 14,168 | 9,141 | 6,798 |
| Investment management | 8,059 | 6,923 | 6,189 |
| Commissions and fees | 3,619 | 3,548 | 2,988 |
| Market making | 15,352 | 15,546 | 10,157 |
| Other principal transactions | 11,671 | 4,651 | 6,052 |
| Total non-interest revenues | 52,869 | 39,809 | 32,184 |
| Interest income | 12,120 | 13,689 | 21,738 |
| Interest expense | 5,650 | 8,938 | 17,376 |
| Net interest income | 6,470 | 4,751 | 4,362 |
| Total net revenues | 59,339 | 44,560 | 36,546 |
| Provision for credit losses | 357 | 3,098 | 1,065 |
| Operating expenses | |||
| Compensation and benefits | 17,719 | 13,309 | 12,353 |
| Transaction based | 4,710 | 4,141 | 3,513 |
| Market development | 553 | 401 | 739 |
| Communications and technology | 1,573 | 1,347 | 1,167 |
| Depreciation and amortization | 2,015 | 1,902 | 1,704 |
| Occupancy | 981 | 960 | 1,029 |
| Professional fees | 1,648 | 1,306 | 1,316 |
| Other expenses | 2,739 | 5,617 | 3,077 |
| Total operating expenses | 31,938 | 28,983 | 24,898 |
| Pre-tax earnings | 27,044 | 12,479 | 10,583 |
| Provision for taxes | 5,409 | 3,020 | 2,117 |
| Net earnings | 21,635 | 9,459 | 8,466 |
| Preferred stock dividends | 484 | 544 | 569 |
| Net earnings applicable to common shareholders | 21,151 | 8,915 | 7,897 |
| Earnings per common share | |||
| Basic | 60.25 | 24.94 | 21.18 |
| Diluted | 59.45 | 24.74 | 21.03 |
| Average common shares | |||
| Basic | 350,500 | 356,400 | 371,600 |
| Diluted | 355,800 | 360,300 | 375,500 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net earnings | $ 21,635 | 9,459 | 8,466 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | (42) | (80) | 5 |
| Debt valuation adjustment | 322 | (261) | (2,079) |
| Pension and postretirement liabilities | 41 | (26) | (261) |
| Available-for-sale securities | (955) | 417 | 158 |
| Other comprehensive income/(loss) | (634) | 50 | (2,177) |
| Comprehensive income | 21,001 | 9,509 | 6,289 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows from operating activities | |||
| Net earnings | $ 21,635 | 9,459 | 8,466 |
| Adjustments to reconcile net earnings to net cash provided by/(used) for operating activities: | |||
| Depreciation and amortization | 2,015 | 1,902 | 1,704 |
| Deferred income taxes | 5 | (833) | (334) |
| Share-based compensation | 2,348 | 1,920 | 2,018 |
| Gain related to extinguishment of unsecured borrowings | 0 | (1) | (20) |
| Provision for credit losses | 357 | 3,098 | 1,065 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables and payables, net | 21,971 | (30,895) | (7,693) |
| Collateralized transactions (excluding other secured financings), net | (70,058) | (13,007) | 94,991 |
| Trading assets | 15,232 | (33,405) | (68,682) |
| Trading liabilities | 26,616 | 44,892 | (231) |
| Loans held for sale, net | (5,556) | 1,820 | (1,458) |
| Other, net | (13,644) | 1,322 | (5,958) |
| Net cash provided by/(used for) operating activities | 921 | (13,728) | 23,868 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (4,667) | (6,309) | (8,443) |
| Proceeds from sales of property, leasehold improvements and equipment | 3,933 | 2,970 | 6,632 |
| Net cash used for business acquisitions | 0 | (231) | (803) |
| Purchase of investments | (39,912) | (48,670) | (29,773) |
| Proceeds from sales and paydowns of investments | 45,701 | 29,057 | 17,812 |
| Loans (excluding loans held for sale), net | (35,520) | (11,173) | (9,661) |
| Net cash used for investing activities | (30,465) | (34,356) | (24,236) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 2,137 | 7,707 | 14 |
| Other secured financings (short-term), net | (1,320) | 2,861 | (2,050) |
| Proceeds from issuance of other secured financings (long-term) | 4,795 | 8,073 | 7,257 |
| Repayment of other secured financings (long-term), including the current portion | (6,590) | (4,137) | (7,468) |
| Purchase of Trust Preferred securities | 0 | (11) | (206) |
| Proceeds from issuance of unsecured long-term borrowings | 92,717 | 47,250 | 22,381 |
| Repayment of unsecured long-term borrowings, including the current portion | (52,608) | (55,040) | (43,936) |
| Derivative contracts with a financing element, net | 1,121 | 1,037 | 3,952 |
| Deposits, net | 103,538 | 67,343 | 31,214 |
| Preferred stock redemption | (2,675) | (350) | (1,100) |
| Common stock repurchased | (5,200) | (1,928) | (5,335) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (985) | (830) | (745) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (2,725) | (2,336) | (2,104) |
| Proceeds from issuance of preferred stock, net of issuance costs | 2,172 | 349 | 1,098 |
| Other financing, net | 361 | 392 | 395 |
| Net cash provided by financing activities | 134,738 | 70,380 | 3,367 |
| Net increase in cash and cash equivalents | 105,194 | 22,296 | 2,999 |
| Cash and cash equivalents, beginning balance | 155,842 | 133,546 | |
| Cash and cash equivalents, ending balance | 261,036 | 155,842 | 133,546 |
| Supplemental disclosures: | |||
| Cash payments for interest, net of capitalized interest | 5,521 | 9,091 | 18,645 |
| Cash payments for income taxes, net | 6,195 | 2,754 | 1,266 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Cash and cash equivalents | $ 261,036 | 155,842 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell (at fair value) | 205,703 | 108,060 |
| Securities borrowed (includes $39,955 and $28,898 at fair value) | 178,771 | 142,160 |
| Customer and other receivables (includes $42 and $82 at fair value) | 160,673 | 121,331 |
| Trading assets (at fair value and includes $68,208 and $69,031 pledged as collateral) | 375,916 | 393,630 |
| Investments (includes $83,427 and $82,778 at fair value, and $12,840 and $13,375 pledged as collateral) | 88,719 | 88,445 |
| Loans (net of allowance of $3,573 and $3,874, and includes $10,769 and $13,625 at fair value) | 158,562 | 116,115 |
| Other assets | 34,608 | 37,445 |
| Total assets | 1,463,988 | 1,163,028 |
| Liabilities and shareholders' equity | ||
| Deposits (includes $35,425 and $16,176 at fair value) | 364,227 | 259,962 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase (at fair value) | 165,883 | 126,571 |
| Securities loaned (includes $9,170 and $1,053 at fair value) | 46,505 | 21,621 |
| Other secured financings (includes $17,074 and $24,126 at fair value) | 18,544 | 25,755 |
| Customer and other payables | 251,931 | 190,658 |
| Trading liabilities (at fair value) | 181,424 | 153,727 |
| Unsecured short-term borrowings (includes $29,832 and $26,750 at fair value) | 46,955 | 52,870 |
| Unsecured long-term borrowings (includes $52,390 and $40,911 at fair value) | 254,092 | 213,481 |
| Other liabilities (includes $359 and $263 at fair value) | 24,501 | 22,451 |
| Total liabilities | 1,354,062 | 1,067,096 |
| Commitments, contingencies and guarantees | ||
| Shareholders' equity | ||
| Preferred stock; aggregate liquidation preference of $10,703 and $11,203 | 10,703 | 11,203 |
| Common stock; 906,430,314 and 901,692,039 shares issued, and 333,573,254 and 344,088,725 shares outstanding | 9 | 9 |
| Share-based awards | 4,211 | 3,468 |
| Nonvoting common stock; no shares issued and outstanding | 0 | 0 |
| Additional paid-in capital | 56,396 | 55,679 |
| Retained earnings | 131,811 | 112,947 |
| Accumulated other comprehensive loss | (2,068) | (1,434) |
| Stock held in treasury, at cost; 572,857,062 and 557,603,316 shares | (91,136) | (85,940) |
| Total shareholders' equity | 109,926 | 95,932 |
| Total liabilities and shareholders' equity | 1,463,988 | 1,163,028 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2021 | |
| 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 |