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The Goldman Sachs Group, Inc. (GS)
NYSE: GS · Real-Time Price · USD
939.80
-9.69 (-1.02%)
Sep 23, 2026, 11:31 AM EDT - Market open

The Goldman Sachs Group Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
20,97317,17614,2768,51611,26121,635
Depreciation & Amortization, Total
2,0011,9982,1643,2782,1412,015
Stock-Based Compensation
3,4643,4452,6632,0854,0832,348
Change in Accounts Receivable
-7,587-43,206-8,367-28,21935,01421,971
Change in Other Net Operating Assets
97,41844,16568,907167,613-89,773-48,998
Other Operating Activities
4962,063-7,440-4,659-2,325-8,262
Operating Cash Flow
-39,359-45,154-13,212-12,5878,7086,298

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-2,156-2,064-2,091-2,316-3,748-4,667
Cash Acquisitions
-1,783----2,115-
Investment in Securities
-52,751-5,153-35,723-13,408-47,5755,789
Investing Cash Flow
-95,025-44,227-49,624-17,312-75,960-30,465

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
-2,98814,6412,7233212,137
Long-Term Debt Issued
-94,70672,49550,20086,32297,512
Total Debt Issued
178,03997,69487,13652,92386,64399,649
Short-Term Debt Repaid
--3,877---2,283-1,320
Long-Term Debt Repaid
--74,833-76,555-57,636-46,213-59,198
Total Debt Repaid
-78,325-78,710-76,555-57,636-48,496-60,518
Net Debt Issued (Repaid)
99,71418,98410,581-4,71338,14739,131
Repurchase of Common Stock
-16,874-14,516-9,331-7,141-5,095-6,185
Preferred Dividends Paid
-47---599--
Common Dividends Paid
-806---3,590--
Dividends Paid
-6,130-5,277-4,497-4,189-3,682-2,725
Other Financing Activities
97,15665,0098,52143,34230,232105,020
Financing Cash Flow
171,74666,1007,32327,80059,602134,738

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-3,0635,448-3,9721,851-11,561-5,377
Net Cash Flow
34,299-17,833-59,485-248-19,211105,194

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
-41,515-47,218-15,303-14,9034,9601,631
Free Cash Flow Growth
----204.11%-
Free Cash Flow Margin
-61.44%-79.50%-29.34%-32.95%11.11%2.77%
Free Cash Flow Per Share
-133.85-148.67-45.87-43.1013.854.58

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
67,01465,49472,62360,02619,0225,521
Cash Income Tax Paid
3,9903,9903,6732,3894,5556,195
SEC Filings: 10-K · 10-Q