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: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 28, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows from operating activities | |||
| Net earnings | $ 4,442,000,000 | 8,354,000,000 | 13,385,000,000 |
| Non-cash items included in net earnings | |||
| Depreciation and amortization | 1,869,000,000 | 1,904,000,000 | 1,943,000,000 |
| Deferred income taxes | 726,000,000 | 1,339,000,000 | (431,000,000) |
| Share-based compensation | 2,849,000,000 | 4,035,000,000 | 2,009,000,000 |
| Changes in operating assets and liabilities | |||
| Cash and securities segregated for regulatory and other purposes | (10,532,000,000) | (17,094,000,000) | 76,531,000,000 |
| Net receivables from brokers, dealers and clearing organizations | (3,780,000,000) | 201,000,000 | 6,265,000,000 |
| Net payables to customers and counterparties | 13,027,000,000 | (5,437,000,000) | (47,414,000,000) |
| Securities borrowed, net of securities loaned | 8,940,000,000 | 19,638,000,000 | 7,033,000,000 |
| Securities sold under agreements to repurchase, net of securities purchased under agreements to resell and federal funds sold | 122,000,000 | (10,092,000,000) | (146,807,000,000) |
| Financial instruments owned, at fair value | 5,085,000,000 | (9,231,000,000) | 186,295,000,000 |
| Financial instruments sold, but not yet purchased, at fair value | 4,243,000,000 | 11,602,000,000 | (57,010,000,000) |
| Other, net | (5,346,000,000) | (11,376,000,000) | 7,076,000,000 |
| Net cash provided by/(used for) operating activities | 21,645,000,000 | (6,157,000,000) | 48,875,000,000 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (1,184,000,000) | (1,227,000,000) | (1,556,000,000) |
| Proceeds from sales of property, leasehold improvements and equipment | 78,000,000 | 72,000,000 | 82,000,000 |
| Business acquisitions, net of cash acquired | (431,000,000) | (804,000,000) | (221,000,000) |
| Proceeds from sales of investments | 2,645,000,000 | 1,371,000,000 | 303,000,000 |
| Purchase of available-for-sale securities | (2,752,000,000) | (1,885,000,000) | (2,722,000,000) |
| Proceeds from sales of available-for-sale securities | 3,129,000,000 | 2,288,000,000 | 2,553,000,000 |
| Net cash provided by/(used for) investing activities | 1,485,000,000 | (185,000,000) | (1,561,000,000) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | (3,780,000,000) | 1,196,000,000 | (9,790,000,000) |
| Other secured financings (short-term), net | (1,195,000,000) | 12,689,000,000 | (10,451,000,000) |
| Proceeds from issuance of other secured financings (long-term) | 9,809,000,000 | 5,500,000,000 | 4,767,000,000 |
| Repayment of other secured financings (long-term), including the current portion | (8,878,000,000) | (4,849,000,000) | (6,667,000,000) |
| Proceeds from issuance of unsecured long-term borrowings | 29,169,000,000 | 20,231,000,000 | 25,363,000,000 |
| Repayment of unsecured long-term borrowings, including the current portion | (29,187,000,000) | (22,607,000,000) | (29,018,000,000) |
| Repurchase of common stock warrants | (1,100,000,000) | ||
| Derivative contracts with a financing element, net | 1,602,000,000 | 1,222,000,000 | 2,168,000,000 |
| Deposits, net | 7,540,000,000 | (849,000,000) | 7,288,000,000 |
| Preferred stock repurchased | (3,857,000,000) | (9,574,000,000) | |
| Common stock repurchased | (6,048,000,000) | (4,183,000,000) | (2,000,000) |
| Dividends and dividend equivalents paid on common stock, preferred stock and restricted stock units | (2,771,000,000) | (1,443,000,000) | (2,205,000,000) |
| Proceeds from issuance of common stock, including stock option exercises | 368,000,000 | 581,000,000 | 6,260,000,000 |
| Excess tax benefit related to share-based compensation | 358,000,000 | 352,000,000 | 135,000,000 |
| Cash settlement of share-based compensation | (40,000,000) | (1,000,000) | (2,000,000) |
| Net cash provided by/(used for) financing activities | (6,910,000,000) | 7,839,000,000 | (22,828,000,000) |
| Net increase/(decrease) in cash and cash equivalents | 16,220,000,000 | 1,497,000,000 | 24,486,000,000 |
| Cash and cash equivalents, beginning of year | 39,788,000,000 | 38,291,000,000 | |
| Cash and cash equivalents, end of year | 56,008,000,000 | 39,788,000,000 | 38,291,000,000 |
| SUPPLEMENTAL DISCLOSURES: | |||
| Cash payments for interest, net of capitalized interest | 8,050,000,000 | 6,740,000,000 | 7,320,000,000 |
| Cash payments for income taxes, net of refunds | 1,780,000,000 | 4,480,000,000 | 4,780,000,000 |
| Non-cash activities: | |||
| Common stock issued in connection with business acquisitions | 103,000,000 | ||
| Debt assumed in connection with business acquisitions | 2,090,000,000 | 90,000,000 | 16,000,000 |
| Approximate increase in assets upon adoption of ASU No. 2009-17 | 3,000,000,000 | ||
| Approximate increase in liabilities upon adoption of ASU No. 2009-17 | 3,000,000,000 | ||
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2011 | |
| 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 |