投行与 高盛 世界 国 启示 Sales Analysis rdascamtby ew Sales analysis ■ PurchaseCount by Ratine Purchase count by Hou Goldman Sachs: 资产状况分析 Purchasecount by Country Ia 盈利水平分析 业务结构收入分析
Goldman Sachs: • 资产状况分析 • 盈利水平分析 • 业务结构收入分析 投行与 高盛 高盛在 世界 高盛在 中国 启示
投行与 高盛 世界 国 启示 THE GOLDMAN SACHS GROUP, INC and SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION As of November 2008 2007 (in milions, except share and per share amounts Assets Cash and cash equivalents ·半,半半+··, $15,740s10,282 Cash and securities segregated for regulatory and other purposes(includes $78, 830 and S94,018 at fair value as of November 2008 and November 2007, respective 106.664 119939 Collateralized agreements Securities purchased under agreements to resell, at fair value, and federal funds sold (includes $116, 671 and $85, 717 at fair value as of November 2008 and November 2007, respectively)............. ...122.021 87317 Securities borrowed (includes $59, 810 and $83, 277 at fair value as of November 2008 and November 2007, respectively)..................... 180, 795 277, 413 Receivables from brokers, dealers and clearing organizations 25.899 19078 Receivables from customers and counterparties(includes $1, 598 and $1, 950 at fair value as of November 2008 and November 2007, respectively) .64,665129,105 rading assets, at fair value(includes $26, 313 and $46, 138 pledged as collateral as of November 2008 and November 2007, respectively)..... .,.338,325 Other assets,.,.,,,....,...,,,.., 30438 24.067 Total assets..............$884,547s1,119,796
投行与 高盛 高盛在 世界 高盛在 中国 启示
投行与 世界 国 启示 Liabilities and shareholders equity Deposits(includes $4, 224 and $463 at fair value as of November 2008 and November 2007, 59 62883 respectively) 27643s15,370 Collateralized financings Securities sold under agreements to repurchase, at fair value 159.178 Securities loaned (includes $7, 872 and $5, 449 at fair value as of November 2008 and November 2007, respectively) 17060 28.624 Other secured financings(includes $20, 249 and $33, 581 at fair value as of November 2008 and November 2007, respectively) Payables to brokers, dealers and cleanng organizations 38,683 65.710 8.585 8.335 Payables to customers and counterparties 245.258 310.118 Unsecured short-term borrowings, including the current portion of unsecured long-tem 175,972 215,023 borrowings(includes $23, 075 and $48, 331 at fair value as of November 2008 and 658 Unsecured long-term borrowings(includes $17, 446 and $15, 928 at fair value as of 71.557 168.220 164.174 Other liabilities and accrued expenses(includes $978 at fair value as of November 2008) 23216 38,90 tal liabilities 820,1781,076,996 Commitments, contingencies and guarantees Preferred stock, par value $0.01 per share; aggregate liquidation preference of $18, 100 and $3, 100 as of November 2008 and November 2007, respectively 16471 3,100 Common stock, par value $0.01 per share: 4,000,000,000 shares authorized, 680,, 836 and 618, 707, 032 shares issued as of November 2008 and November 2007, respect and 442, 537, 317 and 390, 682, 013 shares outstanding as of November 2008 and Nonvoting common stock, par value $0.01 per share; 200,000,000 shares authorized, no November 2007, respectively Restricted stock units and employee stock options 9284 shares issued and outstanding Additional paid-in capital 31,071 22027 Retained earning 39913 38.642 Accumulated other comprehensive income/(loss (202) (118) Common stock held in treasury, at cost, par value $0.01 per share: 238, 416, 519 ar 228,025,019 shares as of November 2008 and November 2007, respectively 2,175 30.1 Total shareholders equity.... 369 42.800 Total liabilities and shareholders equity ..,$884,5471,119,796
投行与 高盛 高盛在 世界 高盛在 中国 启示
投行与 高盛 世界 国 启示 1200000 1000000 800000 总资产 600000 总负债 所有者权益 400000 200000 0 2007年2008年2009年2010年
0 200000 400000 600000 800000 1000000 1200000 2007年 2008年 2009年 2010年 总资产 总负债 所有者权益 投行与 高盛 高盛在 世界 高盛在 中国 启示
投行与 高盛 世界 国 启示 每股收益率 30 25 24.7 22.13 20 19.96 15 令13.18 10 ◆11.2 每股收益率 5 4.47 0 2005年2006年2007年2008年2009年2010年
11.2 19.96 24.7 4.47 22.13 13.18 0 5 10 15 20 25 30 2005年 2006年 2007年 2008年 2009年 2010年 每股收益率 每股收益率 投行与 高盛 高盛在 世界 高盛在 中国 启示