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Goldman Sachs 2009 Annual Report
86
Consolidated Statements of Financial Condition
The accompanying notes are an integral part of these consolidated  nancial statements.
As of
(inmillions, except share and per share amounts)
December
2009
November
2008
Assets
Cash and cash equivalents $ 38,291 $ 15,740
Cash and securities segregated for regulatory and other purposes (includes $18,853 and $78,830
at fair value as of December2009 and November2008, respectively) 36,663 106,664
Collateralized agreements:
Securities purchased under agreements to resell and federal funds sold (includes $144,279 and
$116,671 at fair value as of December2009 and November2008, respectively) 144,279 122,021
Securities borrowed (includes $66,329 and $59,810 at fair value as of December2009 and
November2008, respectively) 189,939 180,795
Receivables from brokers, dealers and clearing organizations 12,597 25,899
Receivables from customers and counterparties (includes $1,925 and $1,598 at fair value as of
December2009 and November2008, respectively) 55,303 64,665
Trading assets, at fair value (includes $31,485 and $26,313 pledged as collateral as of December2009
and November2008, respectively) 342,402 338,325
Other assets 29,468 30,438
Total assets $848,942 $884,547
Liabilities and shareholders’ equity
Deposits (includes $1,947 and $4,224 at fair value as of December2009 and
November2008, respectively) $ 39,418 $ 27,643
Collateralized  nancings:
Securities sold under agreements to repurchase, at fair value 128,360 62,883
Securities loaned (includes $6,194 and $7,872 at fair value as of December2009 and
November2008, respectively) 15,207 17,060
Other secured  nancings (includes $15,228 and $20,249 at fair value as of December2009
and November2008, respectively) 24,134 38,683
Payables to brokers, dealers and clearing organizations 5,242 8,585
Payables to customers and counterparties 180,392 245,258
Trading liabilities, at fair value 129,019 175,972
Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings
(includes $18,403 and $23,075 at fair value as of December2009 and November2008, respectively) 37,516 52,658
Unsecured long-term borrowings (includes $21,392 and $17,446 at fair value as of December2009
and November2008, respectively) 185,085 168,220
Other liabilities and accrued expenses (includes $2,054 and $978 at fair value as of December2009
and November2008, respectively) 33,855 23,216
Total liabilities 778,228 820,178
Commitments, contingencies and guarantees
Shareholders’ equity
Preferred stock, par value $0.01 per share; aggregate liquidation preference of $8,100 and $18,100 as of
December2009 and November2008, respectively 6,957 16,471
Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 753,412,247 and
680,953,836 shares issued as of December2009 and November2008, respectively, and 515,113,890
and 442,537,317 shares outstanding as of December2009 and November2008, respectively 87
Restricted stock units and employee stock options 6,245 9,284
Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized, no shares issued
and outstanding ––
Additional paid-in capital 39,770 31,071
Retained earnings 50,252 39,913
Accumulated other comprehensive loss (362) (202)
Common stock held in treasury, at cost, par value $0.01 per share; 238,298,357 and 238,416,519 shares
as of December2009 and November2008, respectively (32,156) (32,175)
Total shareholders’ equity 70,714 64,369
Total liabilities and shareholders’ equity $848,942 $884,547