Goldman Sachs 2002 Annual Report Download - page 65

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Consolidated Statem ents of Financial Condition
62 G O L D M A N SA CH S 2002 AN N UA L R EPO RT
AS OF NOVEMBER
(IN MILLIONS, EXCEPT SHARE AND PER SHARE AMOUNTS) 2002 2001
Assets
Cash and cash equivalents $ 4,822 $ 6,909
Cash and securities segregated in compliance with U.S. federal and other regulations 20,389 22,134
Receivables from brokers, dealers and clearing organizations 5,779 5,453
Receivables from customers and counterparties 23,159 28,010
Securities borrowed 113,579 101,164
Securities purchased under agreements to resell 45,772 27,651
Financial instruments owned, at fair value 123,318 99,654
Financial instruments owned and pledged as collateral, at fair value 6,457 9,231
Total financial instruments owned, at fair value 129,775 108,885
Other assets 12,299 12,012
Total assets $355,574 $312,218
Liabilities and shareholders’ equity
Short-term borrowings, including the current portion of long-term borrowings $ 40,638 $ 37,597
Payables to brokers, dealers and clearing organizations 1,893 4,014
Payables to customers and counterparties 93,697 93,283
Securities loaned 12,238 6,862
Securities sold under agreements to repurchase 59,919 39,369
Financial instruments sold, but not yet purchased, at fair value 83,473 74,717
Other liabilities and accrued expenses 6,002 7,129
Long-term borrowings 38,711 31,016
Total liabilities 336,571 293,987
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,
515,084,810 and 499,017,511 shares issued as of November 2002 and
November 2001, respectively, and 472,940,724 and 476,228,933 shares
outstanding as of November 2002 and November 2001, respectively 55
Restricted stock units 3,494 4,542
Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized,
no shares issued and outstanding ——
Additional paid-in capital 12,773 11,785
Retained earnings 7,259 5,373
Unearned compensation (845) (1,220)
Accumulated other comprehensive loss (122) (168)
Treasury stock, at cost, par value $0.01 per share; 42,144,086 and 22,788,578 shares
as of November 2002 and November 2001, respectively (3,561) (2,086)
Total shareholders’ equity 19,003 18,231
Total liabilities and shareholders’ equity $355,574 $312,218
The accompanying notes are an integral part of these consolidated financial statements.