Goldman Sachs 2012 Annual Report Download - page 200
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Notes to Consolidated Financial Statements
The table below presents the total net revenues, pre-tax
earnings and net earnings of the firm by geographic region
allocated based on the methodology referred to above, as
well as the percentage of total net revenues, pre-tax
earnings and net earnings (excluding Corporate) for each
geographic region.
Year Ended December
$ in millions 2012 2011 2010
Net revenues
Americas 1$20,159 59% $17,873 62% $21,564 55%
EMEA 28,612 25 7,074 25 10,449 27
Asia 3, 4 5,392 16 3,864 13 7,148 18
Total net revenues $34,163 100% $28,811 100% $39,161 100%
Pre-tax earnings
Americas 1$ 6,960 61% $ 5,307 85% $ 7,303 55%
EMEA 22,943 26 1,210 19 3,029 23
Asia 31,490 13 (231) (4) 2,933 22
Subtotal 11,393 100% 6,286 100% 13,265 100%
Corporate 5(186) (117) (373)
Total pre-tax earnings $11,207 $ 6,169 $12,892
Net earnings
Americas 1$ 4,259 56% $ 3,522 78% $ 4,322 50%
EMEA 22,369 31 1,103 24 2,200 26
Asia 3972 13 (103) (2) 2,083 24
Subtotal 7,600 100% 4,522 100% 8,605 100%
Corporate (125) (80) (251)
Total net earnings $ 7,475 $ 4,442 $ 8,354
1. Substantially all relates to the U.S.
2. EMEA (Europe, Middle East and Africa).
3. Asia also includes Australia and New Zealand.
4. Net revenues in Asia in 2011 primarily reflect lower net revenues in Investing & Lending, principally due to losses from public equities, reflecting a significant decline
in equity markets in Asia during 2011.
5. Consists of charitable contributions of $169 million, $103 million and $345 million for the years ended December 2012, December 2011 and December 2010,
respectively, and real estate-related exit costs of $17 million, $14 million and $28 million for the years ended December 2012, December 2011 and
December 2010, respectively. Net provisions for litigation and regulatory proceedings, previously included in Corporate, have now been allocated to the geographic
regions. Reclassifications have been made to previously reported geographic region amounts to conform to the current presentation.
198 Goldman Sachs 2012 Annual Report