Goldman Sachs 2013 Annual Report Download - page 114

Consolidated Statements of Financial Condition
As of December
in millions, except share and per share amounts 2013 2012
Assets
Cash and cash equivalents $ 61,133 $ 72,669
Cash and securities segregated for regulatory and other purposes (includes $31,937 and $30,484 at fair value as of
December 2013 and December 2012, respectively) 49,671 49,671
Collateralized agreements:
Securities purchased under agreements to resell and federal funds sold (includes $161,297 and $141,331 at fair value as
of December 2013 and December 2012, respectively) 161,732 141,334
Securities borrowed (includes $60,384 and $38,395 at fair value as of December 2013 and December 2012, respectively) 164,566 136,893
Receivables from brokers, dealers and clearing organizations 23,840 18,480
Receivables from customers and counterparties (includes $7,416 and $7,866 at fair value as of December 2013 and
December 2012, respectively) 88,935 72,874
Financial instruments owned, at fair value (includes $62,348 and $67,177 pledged as collateral as of December 2013 and
December 2012, respectively) 339,121 407,011
Other assets (includes $18 and $13,426 at fair value as of December 2013 and December 2012, respectively) 22,509 39,623
Total assets $911,507 $938,555
Liabilities and shareholders’ equity
Deposits (includes $7,255 and $5,100 at fair value as of December 2013 and December 2012, respectively) $ 70,807 $ 70,124
Collateralized financings:
Securities sold under agreements to repurchase, at fair value 164,782 171,807
Securities loaned (includes $973 and $1,558 at fair value as of December 2013 and December 2012, respectively) 18,745 13,765
Other secured financings (includes $23,591 and $30,337 at fair value as of December 2013 and
December 2012, respectively) 24,814 32,010
Payables to brokers, dealers and clearing organizations 5,349 5,283
Payables to customers and counterparties 199,416 189,202
Financial instruments sold, but not yet purchased, at fair value 127,426 126,644
Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $19,067 and
$17,595 at fair value as of December 2013 and December 2012, respectively) 44,692 44,304
Unsecured long-term borrowings (includes $11,691 and $12,593 at fair value as of December 2013 and
December 2012, respectively) 160,965 167,305
Other liabilities and accrued expenses (includes $388 and $12,043 at fair value as of December 2013 and
December 2012, respectively) 16,044 42,395
Total liabilities 833,040 862,839
Commitments, contingencies and guarantees
Shareholders’ equity
Preferred stock, par value $0.01 per share; aggregate liquidation preference of $7,200 and $6,200 as of December 2013
and December 2012, respectively 7,200 6,200
Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 837,219,068 and 816,807,400 shares issued
as of December 2013 and December 2012, respectively, and 446,359,012 and 465,148,387 shares outstanding as of
December 2013 and December 2012, respectively 88
Restricted stock units and employee stock options 3,839 3,298
Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized, no shares issued and outstanding ——
Additional paid-in capital 48,998 48,030
Retained earnings 71,961 65,223
Accumulated other comprehensive loss (524) (193)
Stock held in treasury, at cost, par value $0.01 per share; 390,860,058 and 351,659,015 shares as of December 2013 and
December 2012, respectively (53,015) (46,850)
Total shareholders’ equity 78,467 75,716
Total liabilities and shareholders’ equity $911,507 $938,555
The accompanying notes are an integral part of these consolidated financial statements.
112 Goldman Sachs 2013 Annual Report