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 |
| 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 |