Question
$ in millions Mar. 2019 Dec. 2018 Property, leasehold improvements and equipment $19,277 $18,317 Held-to-maturity securities 5,841 1,288 Goodwill and identifiable intangible assets 4,092 4,082
$ in millions | Mar. 2019 | Dec. 2018 |
---|---|---|
Property, leasehold improvements and equipment | $19,277 | $18,317 |
Held-to-maturity securities | 5,841 | 1,288 |
Goodwill and identifiable intangible assets | 4,092 | 4,082 |
Operating lease right-of-use assets | 2,386 | - |
Income tax-related assets | 1,729 | 1,529 |
Miscellaneous receivables and other | 4,358 | 5,424 |
Total | $37,683 | $30,640 |
The table below presents other liabilities by type.
$ in millions | Mar. 2019 | Dec. 2018 |
---|---|---|
Compensation and benefits | $3,110 | $6,834 |
Income tax-related liabilities | 3,080 | 2,864 |
Operating lease liabilities | 2,413 | - |
Noncontrolling interests | 1,565 | 1,568 |
Employee interests in consolidated funds | 122 | 122 |
Accrued expenses and other | 5,884 | 6,219 |
Total | $16,174 | $17,607 |
The table below presents information about future operating lease payments.
$ in millions | Mar. 2019 |
---|---|
Remainder of 2019 | 318 |
2020 | 341 |
2021 | 262 |
2022 | 235 |
2023 | 204 |
2024 | 193 |
2025-thereafter | 2,494 |
Total undiscounted lease payments | 4,047 |
Imputed interest | (1,634) |
Total operating lease liabilities | $2,413 |
Weighted average remaining lease term | 18 years |
Weighted average discount rate | 4.85% |
Goldman Sachss 10-K report for the year ended December 31, 2018, included the following table about future cash payments required under operating leases.
$ in millions | Dec. 2018 |
---|---|
2019 | $281 |
2020 | 271 |
2021 | 218 |
2022 | 177 |
2023 | 142 |
2024 - thereafter | 1,310 |
Total | $2,399 |
What operating lease liability did Goldman Sachs report for the quarter ended March 31, 2019? $Answer
What right-of-use assets did Goldman Sachs report for the quarter ended March 31, 2019? $Answer
million
Use an Excel spreadsheet and the information on future operating lease payments to verify the total liabilities of $2,413 million on the 2019 Form 10-Q. Hint: The amount will not be exactly $2,413. Enter the amount computed in Excel. Round your final answer to the nearest million. $Answer
million
Use the information on rental payments from the December 2018 Form 10-K, to calculate the present value of future payments at year-end. Use the same average weighted lease term and discount rate Goldman Sachs discloses in the 2019 Form 10-Q. Enter the amount computed in Excel. Round your final answer to the nearest million. $Answer
million
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