 |
|
AS OF OR FOR YEAR ENDED NOVEMBER |
|
|
| ($ AND SHARE AMOUNTS IN MILLIONS, EXCEPT PER SHARE AMOUNTS) |
|
2001 |
|
|
2000 |
|
| Operating Results |
|
|
|
|
|
| Net revenues |
|
|
|
|
|
| Global capital markets |
|
|
|
|
|
| Investment banking |
$ |
3,836 |
|
$ |
5,371 |
| Trading and principal investments |
|
6,349 |
|
|
6,627 |
| Asset management and securities services |
|
5,626 |
|
|
4,592 |
|
|
| Total net revenues |
|
15,811 |
|
|
16,590 |
| Pre-tax earnings |
|
3,696 |
|
|
5,020 |
| Net earnings |
|
2,310 |
|
|
3,067 |
|
| Common Share Data |
|
|
|
|
|
| Diluted earnings per share(1) |
$ |
4.26 |
|
$ |
6.35 |
| Average diluted common shares outstanding |
|
541.8 |
|
|
511.5 |
| Dividends declared per share |
$ |
0.48 |
|
$ |
0.48 |
| Book value per share(2) |
|
36.33 |
|
|
32.18 |
|
| Financial Condition and Other Operating Data |
|
|
|
|
|
| Total assets(3) |
$ |
312,218 |
|
$ |
284,410 |
| Long-term borrowings |
|
31,016 |
|
|
31,395 |
| Shareholders' equity |
|
18,231 |
|
|
16,530 |
| Leverage ratio(4) |
|
17.1x |
|
|
17.2x |
| Adjusted leverage ratio(5) |
|
13.2x |
|
|
13.1x |
| Return on tangible shareholders' equity(6) |
|
17.8% |
|
|
28.9% |
|
| Selected Data |
|
|
|
|
|
| Total employees |
|
22,677 |
|
|
22,627 |
| Assets under management |
$ |
350,718 |
|
$ |
293,842 |
|
| (1) |
Diluted earnings per share for the year ended November 2000 exclude a charge of $290 million ($180 million after taxes) related to our combination with SLK LLC (SLK). Including this charge, diluted earnings per share were $6.00. |
| (2) |
Book value per share is based on common shares outstanding, including restricted stock units granted to employees with no future service requirements, of 501.8 million as of November 2001 and 513.7 million as of November 2000. |
| (3) |
In accordance with Statement of Financial Accounting Standards (SFAS) No. 140, total assets as of November 2000 exclude collateral of $5.35 billion previously recognized under SFAS No. 125. |
| (4) |
Leverage ratio equals total assets divided by shareholders' equity. |
| (5) |
Adjusted leverage ratio equals adjusted assets divided by shareholders' equity. Adjusted assets represent total assets less securities purchased under agreements to resell, certain securities borrowed transactions and the increase in total assets related to certain provisions of SFAS No. 140. |
| (6) |
Return on tangible shareholders' equity is computed by dividing net earnings by average tangible shareholders' equity. Tangible shareholders' equity equals total shareholders' equity less goodwill and other intangible assets. Return on tangible shareholders' equity for 2000 excludes the charge related to our combination with SLK. |
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© Copyright 2007, The Goldman Sachs Group, Inc. All rights reserved. |
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