Goldman Sachs 2007 Annual Report Download - page 89

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Consolidated Statements of Financial Condition
As of November
(in millions, except share and per share amounts) 2007 2006
Assets
Cash and cash equivalents $ 11,882 $ 6,293
Cash and securities segregated for regulatory and other purposes (includes $94,018
and $20,723 at fair value as of November 2007 and November 2006, respectively) 119,939 80,990
Receivables from brokers, dealers and clearing organizations 19,078 13,223
Receivables from customers and counterparties
(includes $1,950 at fair value as of November 2007) 129,105 79,790
Collateralized agreements:
Securities borrowed (includes $83,277 at fair value as of November 2007) 277,413 219,342
Financial instruments purchased under agreements to resell
(includes $85,717 at fair value as of November 2007) 85,717 82,126
Financial instruments owned, at fair value 406,457 298,563
Financial instruments owned and pledged as collateral, at fair value 46,138 35,998
Total financial instruments owned, at fair value 452,595 334,561
Other assets 24,067 21,876
Total assets $1,119,796 $838,201
Liabilities and shareholders’ equity
Unsecured short-term borrowings, including the current portion of unsecured
long-term borrowings (includes $48,331 and $10,220 at fair value as of
November 2007 and November 2006, respectively) $ 71,557 $ 47,904
Bank deposits (includes $463 at fair value as of November 2007) 15,370 10,697
Payables to brokers, dealers and clearing organizations 8,335 6,293
Payables to customers and counterparties 310,118 206,884
Collateralized financings:
Securities loaned (includes $5,449 at fair value as of November 2007) 28,624 22,208
Financial instruments sold under agreements to repurchase
(includes $159,178 at fair value as of November 2007) 159,178 147,492
Other secured financings (includes $33,581 and $3,300 at fair value as of November 2007
and November 2006, respectively) 65,710 50,424
Financial instruments sold, but not yet purchased, at fair value 215,023 155,805
Other liabilities and accrued expenses 38,907 31,866
Unsecured long-term borrowings (includes $15,928 and $7,250 at fair value as of
November 2007 and November 2006, respectively) 164,174 122,842
Total liabilities 1,076,996 802,415
Commitments, contingencies and guarantees
Shareholders’ equity
Preferred stock, par value $0.01 per share; 150,000,000 shares authorized,
124,000 shares issued and outstanding as of both November 2007 and November 2006,
with liquidation preference of $25,000 per share 3,100 3,100
Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 618,707,032 and
599,697,200 shares issued as of November 2007 and November 2006, respectively, and 390,682,013
and 412,666,084 shares outstanding as of November 2007 and November 2006, respectively 6 6
Restricted stock units and employee stock options 9,302 6,290
Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized,
no shares issued and outstanding — —
Additional paid-in capital 22,027 19,731
Retained earnings 38,642 27,868
Accumulated other comprehensive income/(loss) (118) 21
Common stock held in treasury, at cost, par value $0.01 per share; 228,025,019 and
187,031,116 shares as of November 2007 and November 2006, respectively (30,159) (21,230)
Total shareholders’ equity 42,800 35,786
Total liabilities and shareholders’ equity $1,119,796 $838,201
The accompanying notes are an integral part of these consolidated financial statements.
87Goldman Sachs 2007 Annual Report