GS FY 2006 Earnings Report — The Goldman Sachs Group, Inc. Revenue & Financial Results | Market Cap Arena

The Goldman Sachs Group, Inc.GS

FY 2006 Earnings

Reported February 6, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$69.4B	—	—	—	—
Op. Income	$14.6B	—	—	—	—
Gross Margin	54.3%	—	—	—	—
Net Margin	13.8%	—	—	—	—
EPS (Diluted)	$19.98	—	—	—	—
Free Cash Flow	-$49.4B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$69.4B
Cost of Revenue	$31.7B
GROSS PROFIT	$37.7B
R&D Expenses	$0
Selling & Marketing	$492M
General & Administrative	$16.5B
SG&A Expenses	$16.9B
Other Expenses	$6.2B
Operating Expenses	$23.1B
Cost & Expenses	$54.8B
OPERATING INCOME	$14.6B
Interest Income	$35.2B
Interest Expense	$31.7B
Other Income/Expenses	$0
INCOME BEFORE TAX	$14.6B
Income Tax Expense	$5.0B
Net Income from Continuing Ops	$9.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9.4B
D&A	$995M
EBIT	$14.6B
EBITDA	$15.6B
EPS	$20
EPS Diluted	$20

Income Statement

Item	Amount
REVENUE	$69.4B
Cost of Revenue	$31.7B
GROSS PROFIT	$37.7B
R&D Expenses	$0
Selling & Marketing	$492M
General & Administrative	$16.5B
SG&A Expenses	$16.9B
Other Expenses	$6.2B
Operating Expenses	$23.1B
Cost & Expenses	$54.8B
OPERATING INCOME	$14.6B
Interest Income	$35.2B
Interest Expense	$31.7B
Other Income/Expenses	$0
INCOME BEFORE TAX	$14.6B
Income Tax Expense	$5.0B
Net Income from Continuing Ops	$9.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9.4B
D&A	$995M
EBIT	$14.6B
EBITDA	$15.6B
EPS	$20
EPS Diluted	$20

Cash Flow Statement

Item	Amount
Net Income	$9.5B
Depreciation & Amortization	$995M
Stock-Based Compensation	$3.7B
Deferred Income Tax	-$1.5B
Other Non-Cash Items	$0
Change in Working Capital	-$60.3B
OPERATING CASH FLOW	-$47.6B
Capital Expenditure	-$1.7B
Acquisitions (Net)	-$1.7B
Purchases of Investments	-$12.9B
Sales/Maturities of Investments	$6.5B
Other Investing Activities	$69M
NET CASH FROM INVESTING	-$9.7B
Net Debt Issuance	$55.2B
Common Stock Repurchased	-$7.8B
Common Dividends Paid	-$754M
Other Financing Activities	$3.8B
NET CASH FROM FINANCING	$53.4B
FREE CASH FLOW	-$49.4B
Net Change in Cash	-$4.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.3B
Short-Term Investments	$82.1B
Net Receivables	$99.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$187.9B
PP&E (Net)	$7.0B
Goodwill	$3.2B
Intangible Assets	$2.5B
Long-Term Investments	$337.3B
Tax Assets	$0
Other Non-Current Assets	$300.3B
TOTAL NON-CURRENT ASSETS	$650.3B
TOTAL ASSETS	$838.2B
Account Payables	$213.2B
Short-Term Debt	$219.7B
Deferred Revenue	$0
Other Current Liabilities	$10.7B
TOTAL CURRENT LIABILITIES	$447.4B
Long-Term Debt	$149.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$206.0B
TOTAL NON-CURRENT LIABILITIES	$355.0B
TOTAL LIABILITIES	$802.4B
Common Stock	$6M
Additional Paid-In Capital	$19.7B
Retained Earnings	$27.9B
Treasury Stock	-$21.2B
Accum. Other Comp. Income	$21M
Other Equity	$6.3B
TOTAL STOCKHOLDERS' EQUITY	$35.8B
Minority Interest	$0
TOTAL EQUITY	$35.8B
TOTAL LIABILITIES & EQUITY	$838.2B
Total Debt	$368.7B
Net Debt	$362.4B