The Goldman Sachs Group, Inc. (TSX:GS)
Canada · Delayed Price · Currency is CAD 39.60
-0.52 (-1.30%)
At close: Mar 11, 2026
The Goldman Sachs Group Cash Flow Statement
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 |
Net Income | 17,176 | 14,276 | 8,516 | 11,261 | 21,635 |
Depreciation & Amortization | 2,182 | 2,392 | 4,856 | 2,455 | 2,015 |
Stock-Based Compensation | 3,445 | 2,663 | 2,085 | 4,083 | 2,348 |
Other Adjustments | -909 | 548 | -332 | 303 | 362 |
Changes in Restricted Cash and Segregated Assets | -12,891 | 68,582 | 160,227 | -100,996 | -70,058 |
Changes in Trading Assets | -69,866 | -86,991 | -163,807 | 45,278 | 15,232 |
Change in Receivables | -43,206 | -8,367 | -28,219 | 35,014 | 21,971 |
Changes in Trading Liabilities | 57,560 | -212 | 5,751 | 8,062 | 26,616 |
Changes in Other Operating Activities | 1,355 | -6,103 | -1,664 | 3,248 | -13,823 |
Operating Cash Flow | -45,154 | -13,212 | -12,587 | 8,708 | 6,298 |
Operating Cash Flow Growth | - | - | - | 38.27% | - |
Capital Expenditures | -2,064 | -2,091 | -2,316 | -3,748 | -4,667 |
Sale of Property, Plant & Equipment | 803 | 1,613 | 3,278 | 2,706 | 3,933 |
Purchases of Investments | -98,100 | -92,096 | -40,256 | -60,536 | -39,912 |
Proceeds from Sale of Investments | 92,947 | 56,373 | 26,848 | 12,961 | 45,701 |
Proceeds from Business Divestments | 1,536 | 3,622 | 487 | -2,115 | - |
Other Investing Activities | -39,349 | -17,045 | -5,353 | -25,228 | -35,520 |
Investing Cash Flow | -44,227 | -49,624 | -17,312 | -75,960 | -30,465 |
Long-Term Debt Issued | 94,706 | 72,495 | 50,200 | 86,322 | 97,512 |
Long-Term Debt Repaid | -74,833 | -76,555 | -57,636 | -46,213 | -59,198 |
Net Long-Term Debt Issued (Repaid) | 19,873 | -4,060 | -7,436 | 40,109 | 38,314 |
Repurchase of Common Stock | -12,360 | -8,000 | -5,796 | -3,500 | -5,200 |
Net Common Stock Issued (Repurchased) | -12,360 | -8,000 | -5,796 | -3,500 | -5,200 |
Issuance of Preferred Stock | 1,895 | 4,239 | 1,496 | - | 2,172 |
Repurchase of Preferred Stock | - | -2,200 | -1,000 | - | -2,675 |
Net Preferred Stock Issued (Repurchased) | 1,895 | 2,039 | 496 | - | -503 |
Common Dividends Paid | -5,277 | -4,497 | -4,189 | -3,682 | -2,725 |
Other Financing Activities | 61,969 | 21,841 | 44,725 | 26,675 | 104,852 |
Financing Cash Flow | 66,100 | 7,323 | 27,800 | 59,602 | 134,738 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 5,448 | -3,972 | 1,851 | -11,561 | -5,377 |
Net Cash Flow | -17,833 | -59,485 | -248 | -19,211 | 105,194 |
Free Cash Flow | -47,218 | -15,303 | -14,903 | 4,960 | 1,631 |
Free Cash Flow Growth | - | - | - | 204.11% | - |
FCF Margin | -81.02% | -28.60% | -32.22% | 10.47% | 2.75% |
Free Cash Flow Per Share | -148.67 | -45.87 | -43.10 | 13.85 | 4.58 |
Levered Free Cash Flow | 12,449 | -14,958 | 3,518 | 5,172 | 14,780 |
Unlevered Free Cash Flow | -6,548 | -10,147 | 11,563 | -34,440 | -23,050 |
Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.