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The Goldman Sachs Group, Inc. (GS)
NYSE: GS · Real-Time Price · USD
891.91
-2.04 (-0.23%)
At close: Oct 13, 2026, 4:00 PM EDT
893.99
+2.08 (0.23%)
After-hours: Oct 13, 2026, 5:10 PM EDT

The Goldman Sachs Group Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
17,17614,2768,51611,26121,635
Depreciation & Amortization, Total
1,9982,1643,2782,1412,015
Stock-Based Compensation
3,4452,6632,0854,0832,348
Change in Accounts Receivable
-43,206-8,367-28,21935,01421,971
Change in Other Net Operating Assets
44,16568,907167,613-89,773-48,998
Other Operating Activities
2,063-7,440-4,659-2,325-8,262
Operating Cash Flow
-45,154-13,212-12,5878,7086,298

Investing Activities

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

Financing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
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
97,69487,13652,92386,64399,649
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
-78,710-76,555-57,636-48,496-60,518
Net Debt Issued (Repaid)
18,98410,581-4,71338,14739,131
Repurchase of Common Stock
-14,516-9,331-7,141-5,095-6,185
Preferred Dividends Paid
---599--
Common Dividends Paid
---3,590--
Dividends Paid
-5,277-4,497-4,189-3,682-2,725
Other Financing Activities
65,0098,52143,34230,232105,020
Financing Cash Flow
66,1007,32327,80059,602134,738

Net Cash Flow

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

Free Cash Flow

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

Additional Metrics

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
65,49472,62360,02619,0225,521
Cash Income Tax Paid
3,9903,6732,3894,5556,195
SEC Filings: 10-K · 10-Q