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: 2022 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues | |||
| Investment banking | $ 7,360 | 14,136 | 9,100 |
| Investment management | 9,005 | 8,171 | 6,986 |
| Commissions and fees | 4,034 | 3,590 | 3,539 |
| Market making | 18,634 | 15,357 | 15,428 |
| Other principal transactions | 654 | 11,615 | 4,756 |
| Total non-interest revenues | 39,687 | 52,869 | 39,809 |
| Interest income | 29,024 | 12,120 | 13,689 |
| Interest expense | 21,346 | 5,650 | 8,938 |
| Net interest income | 7,678 | 6,470 | 4,751 |
| Total net revenues | 47,365 | 59,339 | 44,560 |
| Provision for credit losses | 2,715 | 357 | 3,098 |
| Operating expenses | |||
| Compensation and benefits | 15,148 | 17,719 | 13,309 |
| Transaction based | 5,312 | 4,710 | 4,141 |
| Market development | 812 | 553 | 401 |
| Communications and technology | 1,808 | 1,573 | 1,347 |
| Depreciation and amortization | 2,455 | 2,015 | 1,902 |
| Occupancy | 1,026 | 981 | 960 |
| Professional fees | 1,887 | 1,648 | 1,306 |
| Other expenses | 2,716 | 2,739 | 5,617 |
| Total operating expenses | 31,164 | 31,938 | 28,983 |
| Pre-tax earnings | 13,486 | 27,044 | 12,479 |
| Provision for taxes | 2,225 | 5,409 | 3,020 |
| Net earnings | 11,261 | 21,635 | 9,459 |
| Preferred stock dividends | 497 | 484 | 544 |
| Net earnings applicable to common shareholders | 10,764 | 21,151 | 8,915 |
| Earnings per common share | |||
| Basic (in dollars per share) | 30.42 | 60.25 | 24.94 |
| Diluted (in dollars per share) | 30.06 | 59.45 | 24.74 |
| Average common shares | |||
| Basic (in shares) | 352,100 | 350,500 | 356,400 |
| Diluted (in shares) | 358,100 | 355,800 | 360,300 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net earnings | $ 11,261 | 21,635 | 9,459 |
| Other comprehensive income/(loss) adjustments, net of tax: | |||
| Currency translation | (47) | (42) | (80) |
| Debt valuation adjustment | 1,403 | 322 | (261) |
| Pension and postretirement liabilities | (172) | 41 | (26) |
| Available-for-sale securities | (2,126) | (955) | 417 |
| Other comprehensive income/(loss) | (942) | (634) | 50 |
| Comprehensive income | 10,319 | 21,001 | 9,509 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities | |||
| Net earnings | $ 11,261 | 21,635 | 9,459 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities | |||
| Depreciation and amortization | 2,455 | 2,015 | 1,902 |
| Deferred income taxes | (2,412) | 5 | (833) |
| Share-based compensation | 4,083 | 2,348 | 1,920 |
| Gain related to extinguishment of unsecured borrowings | 0 | 0 | (1) |
| Provision for credit losses | 2,715 | 357 | 3,098 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables and payables, net | 35,014 | 21,971 | (30,895) |
| Collateralized transactions (excluding other secured financings), net | (100,996) | (70,058) | (13,007) |
| Trading assets | 45,278 | 15,232 | (33,405) |
| Trading liabilities | 8,062 | 26,616 | 44,892 |
| Loans held for sale, net | 3,161 | (5,556) | 1,820 |
| Other, net | 87 | (8,267) | (3,485) |
| Net cash provided by/(used for) operating activities | 8,708 | 6,298 | (18,535) |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (3,748) | (4,667) | (6,309) |
| Proceeds from sales of property, leasehold improvements and equipment | 2,706 | 3,933 | 2,970 |
| Net cash used for business acquisitions | (2,115) | 0 | (231) |
| Purchase of investments | (60,536) | (39,912) | (48,670) |
| Proceeds from sales and paydowns of investments | 12,961 | 45,701 | 29,057 |
| Loans (excluding loans held for sale), net | (25,228) | (35,520) | (11,173) |
| Net cash used for investing activities | (75,960) | (30,465) | (34,356) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 321 | 2,137 | 7,707 |
| Other secured financings (short-term), net | (2,283) | (1,320) | 2,861 |
| Proceeds from issuance of other secured financings (long-term) | 1,800 | 4,795 | 8,073 |
| Repayment of other secured financings (long-term), including the current portion | (3,407) | (6,590) | (4,137) |
| Purchase of Trust Preferred securities | 0 | 0 | (11) |
| Proceeds from issuance of unsecured long-term borrowings | 84,522 | 92,717 | 47,250 |
| Repayment of unsecured long-term borrowings, including the current portion | (42,806) | (52,608) | (55,040) |
| Derivative contracts with a financing element, net | 1,797 | 1,121 | 1,037 |
| Deposits, net | 28,074 | 103,538 | 67,343 |
| Preferred stock redemption | 0 | (2,675) | (350) |
| Common stock repurchased | (3,500) | (5,200) | (1,928) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (1,595) | (985) | (830) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (3,682) | (2,725) | (2,336) |
| Proceeds from issuance of preferred stock, net of issuance costs | 0 | 2,172 | 349 |
| Other financing, net | 361 | 361 | 392 |
| Net cash provided by financing activities | 59,602 | 134,738 | 70,380 |
| Effect of exchange rate changes on cash and cash equivalents | (11,561) | (5,377) | 4,807 |
| Net increase/(decrease) in cash and cash equivalents | (19,211) | 105,194 | 22,296 |
| Cash and cash equivalents, beginning balance | 261,036 | 155,842 | |
| Cash and cash equivalents, ending balance | 241,825 | 261,036 | 155,842 |
| Supplemental disclosures: | |||
| Cash payments for interest, net of capitalized interest | 19,022 | 5,521 | 9,091 |
| Cash payments for income taxes, net | 4,555 | 6,195 | 2,754 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOLDMAN SACHS GROUP INC | ||
Ticker: GS Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and cash equivalents | $ 241,825 | 261,036 |
| Collateralized agreements: | ||
| Securities purchased under agreements to resell (at fair value) | 225,117 | 205,703 |
| Securities borrowed (includes $38,578 and $39,955 at fair value) | 189,041 | 178,771 |
| Customer and other receivables (includes $25 and $42 at fair value) | 135,448 | 160,673 |
| Trading assets (at fair value and includes $40,143 and $68,208 pledged as collateral) | 301,245 | 375,916 |
| Investments (includes $78,201 and $83,427 at fair value, and $9,818 and $12,840 pledged as collateral) | 130,629 | 88,719 |
| Loans (net of allowance of $5,543 and $3,573, and includes $7,655 and $10,769 at fair value) | 179,286 | 158,562 |
| Other assets (includes $145 and $0 at fair value) | 39,208 | 34,608 |
| Total assets | 1,441,799 | 1,463,988 |
| Liabilities and shareholders equity | ||
| Deposits (includes $15,746 and $35,425 at fair value) | 386,665 | 364,227 |
| Collateralized financings: | ||
| Securities sold under agreements to repurchase (at fair value) | 110,349 | 165,883 |
| Securities loaned (includes $4,372 and $9,170 at fair value) | 30,727 | 46,505 |
| Other secured financings (includes $12,756 and $17,074 at fair value) | 13,946 | 18,544 |
| Customer and other payables | 262,045 | 251,931 |
| Trading liabilities (at fair value) | 191,324 | 181,424 |
| Unsecured short-term borrowings (includes $39,731 and $29,832 at fair value) | 60,961 | 46,955 |
| Unsecured long-term borrowings (includes $73,147 and $52,390 at fair value) | 247,138 | 254,092 |
| Other liabilities (includes $159 and $359 at fair value) | 21,455 | 24,501 |
| Total liabilities | 1,324,610 | 1,354,062 |
| Commitments, contingencies and guarantees | ||
| Shareholders equity | ||
| Preferred stock; aggregate liquidation preference of $10,703 and $10,703 | 10,703 | 10,703 |
| Common stock; 917,815,030 and 906,430,314 shares issued, and 334,918,639 and 333,573,254 shares outstanding | 9 | 9 |
| Share-based awards | 5,696 | 4,211 |
| Nonvoting common stock; no shares issued and outstanding | 0 | 0 |
| Additional paid-in capital | 59,050 | 56,396 |
| Retained earnings | 139,372 | 131,811 |
| Accumulated other comprehensive loss | (3,010) | (2,068) |
| Stock held in treasury, at cost; 582,896,393 and 572,857,062 shares | (94,631) | (91,136) |
| Total shareholders equity | 117,189 | 109,926 |
| Total liabilities and shareholders equity | 1,441,799 | 1,463,988 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2022 | |
| 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 |