Goldman Sachs 2004 Annual Report Download - page 73

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GOLDMAN฀SAC H S ฀ 2004฀ A N N U A L ฀ R E P ORT ฀ ฀ ฀ 7 1
consolidated฀statements฀of฀financial฀condition
GOLDMAN฀SAC H S ฀ 2004฀ A N N U A L ฀ R E P ORT ฀ ฀ ฀ 7 1
฀ ฀ AS฀OF฀NOVEMBER
(IN฀MILLIONS,฀EXCEPT฀SHARE฀AND฀PER฀SHARE฀AMOUNTS)฀ 2004฀ 2003
Assets
Cash and cash equivalents $฀฀฀4,365฀ $฀฀฀7,087
Cash and securities segregated in compliance with U.S. federal and other regulations 48,179฀ 29,715
Receivables from brokers, dealers and clearing organizations 14,458฀ 9,197
Receivables from customers and counterparties 38,087฀ 27,180
Securities borrowed 155,086฀ 129,118
Securities purchased under agreements to resell 44,257฀ 26,856
Financial instruments owned, at fair value 183,880฀ 139,029
Financial instruments owned and pledged as collateral, at fair value 27,924฀ 21,690
Total financial instruments owned, at fair value 211,804฀ 160,719
Other assets 15,143฀ 13,927
Total assets $531,379฀ $403,799
Liabilities and shareholders’ equity
Secured short-term borrowings $฀฀฀8,558฀ $฀฀฀3,321
Unsecured short-term borrowings 46,401฀ 40,881
Total short-term borrowings, including the current portion of long-term borrowings 54,959฀ 44,202
Payables to brokers, dealers and clearing organizations 8,000฀ 3,515
Payables to customers and counterparties 153,221฀ 105,513
Securities loaned 19,394฀ 17,528
Securities sold under agreements to repurchase 47,573฀ 43,084
Financial instruments sold, but not yet purchased, at fair value 132,097฀ 102,699
Other liabilities and accrued expenses 10,360฀ 8,144
Secured long-term borrowings 12,087฀ 6,043
Unsecured long-term borrowings 68,609฀ 51,439
Total long-term borrowings 80,696฀ 57,482
Total liabilities 506,300฀ 382,167
Commitments, contingencies and guarantees
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,
554,063,234 and 527,371,946 shares issued as of November 2004 and
November 2003, respectively, and 480,959,660 and 473,014,926 shares
outstanding as of November 2004 and November 2003, respectively 6฀ 5
Restricted stock units and employee stock options 2,013฀ 2,984
Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized,
no shares issued and outstanding — —
Additional paid-in capital 15,501฀ 13,562
Retained earnings 13,970฀ 9,914
Unearned compensation (117)฀ (339)
Accumulated other comprehensive income 11฀ 6
Treasury stock, at cost, par value $0.01 per share; 73,103,574 and 54,357,020 shares
as of November 2004 and November 2003, respectively (6,305)฀ (4,500)
Total shareholders’ equity 25,079฀ 21,632
Total liabilities and shareholders’ equity $531,379฀ $403,799
The฀accompanying฀notes฀are฀an฀integral฀part฀of฀these฀consolidated฀financial฀statements.
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