Goldman Sachs 2013 Annual Report Download - page 115
Download and view the complete annual report
Please find page 115 of the 2013 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.-
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
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
 |
 |
Consolidated Statements of Changes in Shareholders’ Equity
Year Ended December
in millions 2013 2012 2011
Preferred stock
Balance, beginning of year $ 6,200 $ 3,100 $ 6,957
Issued 1,000 3,100 —
Repurchased —— (3,857)
Balance, end of year 7,200 6,200 3,100
Common stock
Balance, beginning of year 888
Issued ———
Balance, end of year 888
Restricted stock units and employee stock options
Balance, beginning of year 3,298 5,681 7,706
Issuance and amortization of restricted stock units and employee stock options 2,017 1,368 2,863
Delivery of common stock underlying restricted stock units (1,378) (3,659) (4,791)
Forfeiture of restricted stock units and employee stock options (79) (90) (93)
Exercise of employee stock options (19) (2) (4)
Balance, end of year 3,839 3,298 5,681
Additional paid-in capital
Balance, beginning of year 48,030 45,553 42,103
Issuance of common stock —— 103
Delivery of common stock underlying share-based awards 1,483 3,939 5,160
Cancellation of restricted stock units in satisfaction of withholding tax requirements (599) (1,437) (1,911)
Preferred stock issuance costs (9) (13) —
Excess net tax benefit/(provision) related to share-based awards 94 (11) 138
Cash settlement of share-based compensation (1) (1) (40)
Balance, end of year 48,998 48,030 45,553
Retained earnings
Balance, beginning of year 65,223 58,834 57,163
Net earnings 8,040 7,475 4,442
Dividends and dividend equivalents declared on common stock and restricted stock units (988) (903) (769)
Dividends declared on preferred stock (314) (183) (2,002)
Balance, end of year 71,961 65,223 58,834
Accumulated other comprehensive loss
Balance, beginning of year (193) (516) (286)
Other comprehensive income/(loss) (331) 323 (230)
Balance, end of year (524) (193) (516)
Stock held in treasury, at cost
Balance, beginning of year (46,850) (42,281) (36,295)
Repurchased (6,175) (4,637) (6,036)
Reissued 40 77 65
Other (30) (9) (15)
Balance, end of year (53,015) (46,850) (42,281)
Total shareholders’ equity $ 78,467 $ 75,716 $ 70,379
The accompanying notes are an integral part of these consolidated financial statements.
Goldman Sachs 2013 Annual Report 113