Goldman Sachs 2001 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2001 Goldman Sachs annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 86

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86

page 48
GOLDMAN SACHS ANNUAL REPORT 2001
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
AS OF NOVEMBER
(IN MILLIONS, EXCEPT SHARE AND PER SHARE AMOUNTS) 2001 2000
Assets
Cash and cash equivalents $ 6,909 $ 3,870
Cash and securities segregated in compliance with U.S. federal and other regulations 22,134 17,132
Receivables from brokers, dealers and clearing organizations 5,453 6,226
Receivables from customers and counterparties 28,010 33,060
Securities borrowed 101,164 82,409
Securities purchased under agreements to resell 27,651 37,324
Financial instruments owned, at fair value 99,654 94,174
Financial instruments owned and pledged as collateral, at fair value 9,231 —
Total financial instruments owned, at fair value 108,885 94,174
Other assets 12,012 10,215
Total assets $312,218 $284,410
Liabilities and shareholders’ equity
Short-term borrowings, including commercial paper $ 37,597 $ 33,471
Payables to brokers, dealers and clearing organizations 4,014 3,871
Payables to customers and counterparties 93,283 78,277
Securities loaned 6,862 9,215
Securities sold under agreements to repurchase 39,369 30,996
Financial instruments sold, but not yet purchased, at fair value 74,717 72,894
Other liabilities and accrued expenses 7,129 7,761
Long-term borrowings 31,016 31,395
Total liabilities 293,987 267,880
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,
499,017,511 and 489,964,838 shares issued as of November 2001 and
November 2000, respectively, and 476,228,933 and 483,474,693 shares
outstanding as of November 2001 and November 2000, respectively 55
Restricted stock units 4,542 4,760
Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized,
no shares issued and outstanding ——
Additional paid-in capital 11,785 11,127
Retained earnings 5,373 3,294
Unearned compensation (1,220) (1,878)
Accumulated other comprehensive loss (168) (130)
Treasury stock, at cost, par value $0.01 per share; 22,788,578 and 6,490,145 shares
as of November 2001 and November 2000, respectively (2,086) (648)
Total shareholders’ equity 18,231 16,530
Total liabilities and shareholders’ equity $312,218 $284,410
The accompanying notes are an integral part of these consolidated financial statements.