Goldman Sachs 2000 Annual Report Download - page 50

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As of November
(in millions, except share and per share amounts) 2000 1999
Assets
Cash and cash equivalents $ 3,870 $ 3,055
Cash and securities segregated in compliance with U.S. federal and other regulations 17,132 9,135
Receivables from brokers, dealers and clearing organizations 6,226 4,490
Receivables from customers and counterparties 33,060 30,140
Securities borrowed 82,409 78,418
Securities purchased under agreements to resell 37,324 37,106
Right to receive securities 4,264 1,604
Financial instruments owned, at fair value
Commercial paper, certificates of deposit and time deposits 866 1,435
U.S. government, federal agency and sovereign obligations 24,038 22,193
Corporate debt 13,317 9,821
Equities and convertible debentures 21,481 16,381
State, municipal and provincial obligations 499 756
Derivative contracts 34,627 30,661
Physical commodities 432 562
Other assets 10,215 4,734
$289,760 $250,491
Liabilities and Shareholders’ Equity
Short-term borrowings, including commercial paper $ 33,471 $ 37,756
Payables to brokers, dealers and clearing organizations 3,871 2,129
Payables to customers and counterparties 78,277 57,405
Securities loaned 9,215 9,169
Securities sold under agreements to repurchase 30,996 40,183
Obligation to return securities 3,355 1,595
Financial instruments sold, but not yet purchased, at fair value
U.S. government, federal agency and sovereign obligations 23,580 19,170
Corporate debt 3,988 2,642
Equities and convertible debentures 8,829 14,002
Derivative contracts 37,815 28,488
Physical commodities 677 586
Other liabilities and accrued expenses 7,761 6,269
Long-term borrowings 31,395 20,952
273,230 240,346
Commitments and contingencies
Shareholders’ Equity
Preferred stock, par value $0.01 per share; 150,000,000 shares authorized, no shares
issued and outstanding ——
Common stock, par value $0.01 per share; 4,000,000,000 shares authorized,
489,964,838 and 441,421,899 shares issued as of November 2000 and
November 1999, respectively 54
Restricted stock units 4,760 4,339
Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized,
no shares issued and outstanding as of November 2000; 7,440,362 shares issued
and outstanding as of November 1999 ——
Additional paid-in capital 11,127 7,359
Retained earnings 3,294 444
Unearned compensation (1,878) (2,038)
Accumulated other comprehensive (loss)/income (130) 37
Treasury stock, at cost, par value $0.01 per share; 6,490,145 shares as of November 2000 (648) —
Total shareholders’ equity 16,530 10,145
$289,760 $250,491
The accompanying notes are an integral part of these consolidated financial statements.
48 Goldman Sachs Annual Report 2000
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION