GS Q3 2016 Earnings Report — The Goldman Sachs Group, Inc. Revenue & Financial Results | Market Cap Arena

The Goldman Sachs Group, Inc.GS

Q3 2016 Earnings

Reported November 2, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$9.9B	$9.7B	—	2.4%	—
Op. Income	$2.9B	$2.5B	—	16.4%	—
Gross Margin	82.1%	81.7%	—	0.4pp	—
Net Margin	21.1%	18.8%	—	2.3pp	—
EPS (Diluted)	$4.87	$3.72	—	30.9%	—
Free Cash Flow	-$4.7B	$8.9B	—	-152.8%	—

Revenue Flow

Item	Amount
REVENUE	$9.9B
Cost of Revenue	$1.8B
GROSS PROFIT	$8.2B
R&D Expenses	$0
Selling & Marketing	$92M
General & Administrative	$3.2B
SG&A Expenses	$3.3B
Other Expenses	$2.0B
Operating Expenses	$5.3B
Cost & Expenses	$7.1B
OPERATING INCOME	$2.9B
Interest Income	$2.4B
Interest Expense	$1.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.9B
Income Tax Expense	$774M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$247M
EBIT	$2.9B
EBITDA	$3.1B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$9.9B
Cost of Revenue	$1.8B
GROSS PROFIT	$8.2B
R&D Expenses	$0
Selling & Marketing	$92M
General & Administrative	$3.2B
SG&A Expenses	$3.3B
Other Expenses	$2.0B
Operating Expenses	$5.3B
Cost & Expenses	$7.1B
OPERATING INCOME	$2.9B
Interest Income	$2.4B
Interest Expense	$1.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.9B
Income Tax Expense	$774M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$247M
EBIT	$2.9B
EBITDA	$3.1B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$247M
Stock-Based Compensation	$129M
Deferred Income Tax	$0
Other Non-Cash Items	$677M
Change in Working Capital	-$7.0B
OPERATING CASH FLOW	-$3.9B
Capital Expenditure	-$821M
Acquisitions (Net)	-$128M
Purchases of Investments	$0
Sales/Maturities of Investments	$391M
Other Investing Activities	-$955M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$2.6B
Common Stock Repurchased	-$1.8B
Common Dividends Paid	-$378M
Other Financing Activities	$736M
NET CASH FROM FINANCING	$1.6B
FREE CASH FLOW	-$4.7B
Net Change in Cash	-$3.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$99.5B
Short-Term Investments	$94.2B
Net Receivables	$89.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$282.8B
PP&E (Net)	$11.3B
Goodwill	$3.7B
Intangible Assets	$435M
Long-Term Investments	$342.2B
Tax Assets	$0
Other Non-Current Assets	$239.5B
TOTAL NON-CURRENT ASSETS	$597.1B
TOTAL ASSETS	$880.0B
Account Payables	$204.5B
Short-Term Debt	$131.9B
Deferred Revenue	$0
Other Current Liabilities	$124.5B
TOTAL CURRENT LIABILITIES	$465.4B
Long-Term Debt	$198.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$129.0B
TOTAL NON-CURRENT LIABILITIES	$327.5B
TOTAL LIABILITIES	$792.9B
Common Stock	$9M
Additional Paid-In Capital	$52.5B
Retained Earnings	$87.2B
Treasury Stock	-$67.2B
Accum. Other Comp. Income	-$582M
Other Equity	$4.0B
TOTAL STOCKHOLDERS' EQUITY	$87.1B
Minority Interest	$0
TOTAL EQUITY	$87.1B
TOTAL LIABILITIES & EQUITY	$880.0B
Total Debt	$330.4B
Net Debt	$230.8B