The Goldman Sachs Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	164,259	182,092	241,577	241,825	261,036
Short-Term Investments	334,215	374,707	423,225	414,158	384,474
Trading Asset Securities	498,155	422,138	366,943	261,102	307,708
Accounts Receivable	185,842	133,717	132,495	135,448	160,673
Other Receivables	253,387	209,719	195,532	189,787	166,347
Property, Plant & Equipment	9,524	9,991	13,415	19,246	20,386
Goodwill	5,949	5,853	5,916	6,374	4,285
Other Intangible Assets	842	847	1,177	2,009	418
Investments in Debt & Equity Securities	197,495	186,915	149,467	130,656	88,840
Other Current Assets	158,765	148,934	111,085	40,428	69,228
Other Long-Term Assets	887	1,059	762	766	593
Total Assets	1,809,320	1,675,972	1,641,594	1,441,799	1,463,988
Accounts Payable	231,865	223,255	230,728	262,045	251,931
Accrued Expenses	20,662	18,197	18,261	15,983	18,590
Short-Term Debt	418,681	457,524	400,912	224,976	302,348
Current Portion of Long-Term Debt	30,520	38,520	49,361	38,635	18,118
Current Portion of Leases	381	295	325	325	305
Other Current Liabilities	336,930	127,575	143,601	136,589	129,781
Long-Term Debt	296,212	249,869	247,867	254,245	263,466
Long-Term Leases	1,789	1,767	1,907	1,829	1,983
Long-Term Unearned Revenue	-	-	-	-	113
Other Long-Term Liabilities	342,639	433,013	428,417	386,665	364,227
Total Liabilities	1,683,902	1,553,559	1,524,326	1,323,961	1,353,222
Common Stock	9	9	9	9	9
Additional Paid-In Capital	61,906	61,376	60,247	59,050	56,396
Retained Earnings	165,288	153,412	143,688	139,372	131,811
Comprehensive Income & Other	3,535	2,446	2,203	2,686	2,143
Total Common Equity	109,819	108,743	105,702	106,486	99,223
Minority Interest	446	417	363	649	840
Shareholders' Equity	125,418	122,413	117,268	117,838	110,766
Total Liabilities & Equity	1,809,320	1,675,972	1,641,594	1,441,799	1,463,988
Total Debt	747,583	747,975	700,372	520,010	586,220
Net Cash (Debt)	249,046	230,962	331,373	397,075	366,998
Net Cash Growth	7.83%	-30.30%	-16.55%	8.20%	59.92%
Net Cash Per Share	784.15	692.33	958.28	1108.84	1031.47
Filing Date Shares Outstanding	307.3	325.83	340.87	352.75	353.86
Total Common Shares Outstanding	307.3	324.45	338.68	352.25	349.51
Working Capital	551,361	602,397	624,722	601,526	626,033
Book Value Per Share	357.37	335.17	312.10	302.31	283.89
Tangible Book Value	103,028	102,043	98,609	98,103	94,520
Tangible Book Value Per Share	335.27	314.52	291.15	278.51	270.44

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.