The Goldman Sachs Group, Inc. (FRA:GOS)

The Goldman Sachs Group Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	16,670	14,276	8,516	11,261	21,635	9,459
Depreciation & Amortization, Total	2,033	2,164	3,278	2,141	2,015	1,902
Stock-Based Compensation	3,291	2,663	2,085	4,083	2,348	1,920
Change in Accounts Receivable	-26,486	-8,367	-28,219	35,014	21,971	-30,895
Change in Other Net Operating Assets	65,392	68,907	167,613	-89,773	-48,998	33,705
Other Operating Activities	-3,545	-7,440	-4,659	-2,325	-8,262	-4,319
Operating Cash Flow	17,888	-13,212	-12,587	8,708	6,298	-18,535
Capital Expenditures	-2,119	-2,091	-2,316	-3,748	-4,667	-6,309
Cash Acquisitions	-	-	-	-2,115	-	-231
Investment in Securities	-15,707	-35,723	-13,408	-47,575	5,789	-19,613
Investing Cash Flow	-46,309	-49,624	-17,312	-75,960	-30,465	-34,356
Short-Term Debt Issued	-	14,641	2,723	321	2,137	10,568
Long-Term Debt Issued	-	72,495	50,200	86,322	97,512	55,323
Total Debt Issued	89,185	87,136	52,923	86,643	99,649	65,891
Short-Term Debt Repaid	-	-	-	-2,283	-1,320	-
Long-Term Debt Repaid	-	-76,555	-57,636	-46,213	-59,198	-59,188
Total Debt Repaid	-73,536	-76,555	-57,636	-48,496	-60,518	-59,188
Net Debt Issued (Repaid)	15,649	10,581	-4,713	38,147	39,131	6,703
Repurchase of Common Stock	-13,516	-9,331	-7,141	-5,095	-6,185	-2,758
Preferred Dividends Paid	-	-	-599	-	-	-
Common Dividends Paid	-	-	-3,590	-	-	-
Dividends Paid	-4,967	-4,497	-4,189	-3,682	-2,725	-2,336
Other Financing Activities	43,957	8,521	43,342	30,232	105,020	68,772
Financing Cash Flow	41,528	7,323	27,800	59,602	134,738	70,380
Foreign Exchange Rate Adjustments	1,781	-3,972	1,851	-11,561	-5,377	4,807
Net Cash Flow	14,888	-59,485	-248	-19,211	105,194	22,296
Free Cash Flow	15,769	-15,303	-14,903	4,960	1,631	-24,844
Free Cash Flow Growth	-	-	-	204.11%	-	-
Free Cash Flow Margin	27.50%	-29.34%	-32.95%	11.11%	2.77%	-59.92%
Free Cash Flow Per Share	49.04	-45.87	-43.10	13.85	4.58	-68.95
Cash Interest Paid	67,918	72,623	60,026	19,022	5,521	9,091
Cash Income Tax Paid	3,801	3,673	2,389	4,555	6,195	2,754

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