Goldman Sachs 2012 Annual Report Download - page 111

Consolidated Statements of Financial Condition
As of December
in millions, except share and per share amounts 2012 2011
Assets
Cash and cash equivalents $ 72,669 $ 56,008
Cash and securities segregated for regulatory and other purposes (includes $30,484 and $42,014 at fair value as of
December 2012 and December 2011, respectively) 49,671 64,264
Collateralized agreements:
Securities purchased under agreements to resell and federal funds sold (includes $141,331 and $187,789 at fair value as
of December 2012 and December 2011, respectively) 141,334 187,789
Securities borrowed (includes $38,395 and $47,621 at fair value as of December 2012 and December 2011,
respectively) 136,893 153,341
Receivables from brokers, dealers and clearing organizations 18,480 14,204
Receivables from customers and counterparties (includes $7,866 and $9,682 at fair value as of December 2012 and
December 2011, respectively) 72,874 60,261
Financial instruments owned, at fair value (includes $67,177 and $53,989 pledged as collateral as of December 2012 and
December 2011, respectively) 407,011 364,206
Other assets (includes $13,426 and $0 at fair value as of December 2012 and December 2011, respectively) 39,623 23,152
Total assets $938,555 $923,225
Liabilities and shareholders’ equity
Deposits (includes $5,100 and $4,526 at fair value as of December 2012 and December 2011, respectively) $ 70,124 $ 46,109
Collateralized financings:
Securities sold under agreements to repurchase, at fair value 171,807 164,502
Securities loaned (includes $1,558 and $107 at fair value as of December 2012 and December 2011,
respectively) 13,765 7,182
Other secured financings (includes $30,337 and $30,019 at fair value as of December 2012 and
December 2011, respectively) 32,010 37,364
Payables to brokers, dealers and clearing organizations 5,283 3,667
Payables to customers and counterparties 189,202 194,625
Financial instruments sold, but not yet purchased, at fair value 126,644 145,013
Unsecured short-term borrowings, including the current portion of unsecured long-term borrowings (includes $17,595 and
$17,854 at fair value as of December 2012 and December 2011, respectively) 44,304 49,038
Unsecured long-term borrowings (includes $12,593 and $17,162 at fair value as of December 2012 and
December 2011, respectively) 167,305 173,545
Other liabilities and accrued expenses (includes $12,043 and $9,486 at fair value as of December 2012 and
December 2011, respectively) 42,395 31,801
Total liabilities 862,839 852,846
Commitments, contingencies and guarantees
Shareholders’ equity
Preferred stock, par value $0.01 per share; aggregate liquidation preference of $6,200 and $3,100 as of December 2012
and December 2011, respectively 6,200 3,100
Common stock, par value $0.01 per share; 4,000,000,000 shares authorized, 816,807,400 and 795,555,310 shares issued
as of December 2012 and December 2011, respectively, and 465,148,387 and 485,467,565 shares outstanding as of
December 2012 and December 2011, respectively 88
Restricted stock units and employee stock options 3,298 5,681
Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized, no shares issued and outstanding ——
Additional paid-in capital 48,030 45,553
Retained earnings 65,223 58,834
Accumulated other comprehensive loss (193) (516)
Stock held in treasury, at cost, par value $0.01 per share; 351,659,015 and 310,087,747 shares as of December 2012 and
December 2011, respectively (46,850) (42,281)
Total shareholders’ equity 75,716 70,379
Total liabilities and shareholders’ equity $938,555 $923,225
The accompanying notes are an integral part of these consolidated financial statements.
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