Goldman Sachs 2007 Annual Report Download - page 141

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Supplemental Financial Information
Selected Financial Data
As of or for the Year Ended November
2007 2006 2005 2004 2003
Income statement data (in millions)
Total revenues $ 87,968 $ 69,353 $ 43,391 $ 29,839 $ 23,623
Interest expense 41,981 31,688 18,153 8,888 7,600
Revenues, net of interest expense 45,987 37,665 25,238 20,951 16,023
Compensation and benefits 20,190 16,457 11,758 9,681 7,515
Other operating expenses 8,193 6,648 5,207 4,594 4,063
Pre-tax earnings $ 17,604 $ 14,560 $ 8,273 $ 6,676 $ 4,445
Balance sheet data (in millions)
Total assets $1,119,796 $838,201 $706,804 $531,379 $403,799
Other secured financings (long-term) 33,300 26,134 15,669 12,087 6,043
Unsecured long-term borrowings 164,174 122,842 84,338 68,609 51,439
Total liabilities 1,076,996 802,415 678,802 506,300 382,167
Total shareholders’ equity 42,800 35,786 28,002 25,079 21,632
Common share data (in millions, except per share amounts)
Earnings per common share
Basic $ 26.34 $ 20.93 $ 11.73 $ 9.30 $ 6.15
Diluted 24.73 19.69 11.21 8.92 5.87
Dividends declared and paid per common share 1.40 1.30 1.00 1.00 0.74
Book value per common share
(1)
90.43 72.62 57.02 50.77 43.60
Average common shares outstanding
Basic 433.0 449.0 478.1 489.5 488.4
Diluted 461.2 477.4 500.2 510.5 511.9
Selected data (unaudited)
Employees
United States 17,383 15,477 14,466 13,846 13,189
Non-U.S. 13,139 10,990 9,157 7,890 7,170
Total employees 30,522 26,467 23,623 21,736 20,359
Assets under management (in billions)
(2)
Asset class
Alternative investments
(3)
$ 151 $ 145 $ 110 $ 95 $ 68
Equity 255 215 167 133 104
Fixed income 256 198 154 134 112
Total non-money market assets 662 558 431 362 284
Money markets 206 118 101 90 89
Total assets under management $ 868 $ 676 $ 532 $ 452 $ 373
(1) Book value per common share is based on common shares outstanding, including restricted stock units granted to employees with no future service requirements,
of 439.0 million, 450.1 million, 460.4 million, 494.0 million and 496.1 million as of November 2007, November 2006, November 2005, November 2004 and
November 2003, respectively.
(2) Substantially all assets under management are valued as of calendar month-end.
(3) Primarily includes hedge funds, private equity, real estate, currencies, commodities and asset allocation strategies.
139Goldman Sachs 2007 Annual Report