Cash flow The Goldman Sachs Group, Inc.

Equities

GS

US38141G1040

Investment Banking & Brokerage Services

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879.15 ^USD	-1.17%		+0.29%	+53.53%

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32b9e0f4a1c5705d804598e.li6E_bn7J0Qzjr5RVTx3NRmh8jVmZbtecpdd7dRoUjI.yUrdt-HJFCV45_B8O308VF_zmgMnKfwvN6Yq2qcPZUL5S_yT67lsAGz45w

Published financial data: THE GOLDMAN SACHS GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest and Dividend Income, Total	13.69B	12.12B	29.02B	68.52B	81.4B
Interest Expense, Total	8.94B	5.65B	21.35B	62.16B	73.34B
Net Interest Income	4.75B	6.47B	7.68B	6.35B	8.06B
Brokerage Commission	3.55B	3.62B	4.03B	3.79B	4.09B
Trading and Principal Transactions	20.2B	27.02B	19.29B	20.36B	23.04B
Asset Management Fee	6.92B	8.06B	9B	9.53B	10.6B
Underwriting & Investment Banking Fee	9.14B	14.17B	7.36B	6.22B	7.74B
Revenues Before Provison For Loan Losses	44.56B	59.34B	47.36B	46.25B	53.51B
Provision For Loan Losses	3.1B	357M	2.72B	1.03B	1.35B
Total Revenues	41.46B	58.98B	44.65B	45.23B	52.16B
Salaries And Other Employee Benefits	13.31B	17.72B	15.15B	15.5B	16.71B
Cost of Services Provided, Total	8.16B	9.46B	10.84B	10.92B	11.99B
Depreciation & Amortization - (IS) - (Collected)	1.9B	2.02B	2.46B	3.28B	2.16B
Other Operating Expenses	2.2B	2.2B	2.14B	3.21B	2.68B
Total Operating Expenses	25.56B	31.4B	30.59B	32.91B	33.54B
Operating Income	15.9B	27.58B	14.06B	12.32B	18.62B
EBT, Excl. Unusual Items	15.9B	27.58B	14.06B	12.32B	18.62B
Impairment of Goodwill	-	-	-	-504M	-
Asset Writedown	-	-	-	-1.07B	-228M
Legal Settlements	-3.42B	-534M	-576M	-	-
EBT, Incl. Unusual Items	12.48B	27.04B	13.49B	10.74B	18.4B
Income Tax Expense	3.02B	5.41B	2.22B	2.22B	4.12B
Earnings From Continuing Operations	9.46B	21.64B	11.26B	8.52B	14.28B
Net Income to Company	9.46B	21.64B	11.26B	8.52B	14.28B
Net Income - (IS)	9.46B	21.64B	11.26B	8.52B	14.28B
Preferred Dividend and Other Adjustments	569M	519M	550M	660M	801M
Net Income to Common Incl Extra Items	8.89B	21.12B	10.71B	7.86B	13.48B
Net Income to Common Excl. Extra Items	8.89B	21.12B	10.71B	7.86B	13.48B
Per Share Items
Net EPS - Basic	24.94	60.25	30.42	23.05	41.07
Basic EPS - Continuing Operations	24.94	60.25	30.42	23.05	41.07
Basic Weighted Average Shares Outstanding	356M	350M	352M	341M	328M
Net EPS - Diluted	24.74	59.45	30.06	22.87	40.54
Diluted EPS - Continuing Operations	24.74	59.45	30.06	22.87	40.54
Diluted Weighted Average Shares Outstanding	360M	356M	358M	346M	334M
Normalized Basic EPS	27.88	49.18	24.96	22.59	35.48
Normalized Diluted EPS	27.58	48.44	24.54	22.26	34.89
Dividend Per Share	5	6.5	9	10.5	11.5
Payout Ratio	24.7	12.6	32.7	49.19	31.5
American Depositary Receipts Ratio (ADR)	0.03	0.03	0.03	0.03	0.03
Supplemental Items
Effective Tax Rate - (Ratio)	24.2	20	16.5	20.7	22.4
Current Domestic Taxes	2.31B	3.48B	2.98B	1.62B	2.66B
Current Foreign Taxes	1.54B	1.93B	1.66B	1.96B	2.26B
Total Current Taxes	3.85B	5.4B	4.64B	3.58B	4.92B
Deferred Domestic Taxes	-840M	264M	-2.52B	-1.31B	-1.01B
Deferred Foreign Taxes	7M	-259M	103M	-50M	209M
Total Deferred Taxes	-833M	5M	-2.41B	-1.36B	-800M
Normalized Net Income	9.94B	17.24B	8.79B	7.7B	11.64B
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	1.98B	2.55B	4.11B	2.1B	2.77B
Total Stock-Based Compensation	1.98B	2.55B	4.11B	2.1B	2.77B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	156B	261B	242B	242B	182B
Cash & Securities Segregated	-	-	-	-	-
Securities Owned	-	-	-	-	-
Securities Purchased Under Agreements To Resell	108B	206B	225B	224B	180B
Securities Borrowed	142B	179B	189B	199B	195B
Accounts Receivable, Total	121B	161B	135B	132B	134B
Other Receivables	122B	166B	190B	198B	210B
Gross Property Plant And Equipment	35.55B	31.2B	31.43B	27.06B	23.63B
Accumulated Depreciation	-10.12B	-10.81B	-12.19B	-13.64B	-13.64B
Net Property Plant And Equipment	25.43B	20.39B	19.24B	13.42B	9.99B
Goodwill	4.33B	4.28B	6.37B	5.92B	5.85B
Other Intangibles, Total	630M	418M	2.01B	1.18B	847M
Investment In Debt and Equity Securities	88.76B	88.84B	131B	147B	187B
Trading Asset Securities, Total	325B	308B	261B	367B	422B
Other Current Assets, Total	69.47B	69.23B	40.43B	111B	149B
Other Long-Term Assets, Total	366M	593M	766M	762M	1.06B
Total Assets	1,163B	1,464B	1,442B	1,642B	1,676B
Liabilities
Accounts Payable, Total	191B	252B	262B	231B	223B
Accrued Expenses, Total	15.37B	19.01B	15.98B	18.26B	18.21B
Short-Term Borrowings	247B	302B	225B	401B	458B
Current Portion of Long-Term Debt	25.91B	18.12B	38.64B	49.36B	38.52B
Current Portion of Leases	342M	305M	325M	325M	295M
Long-Term Debt	225B	262B	253B	247B	249B
Long-Term Leases	1.94B	1.98B	1.83B	1.91B	1.77B
Trust Preferred Securities (BS)	1.43B	1.32B	1.05B	1.05B	1B
Current Income Taxes Payable	3.16B	2.36B	2.67B	2.95B	3.54B
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	142B	210B	198B	251B	237B
Other Non Current Liabilities	213B	284B	325B	321B	324B
Total Liabilities	1,065B	1,353B	1,324B	1,524B	1,554B
Preferred Stock Redeemable	11.2B	10.7B	10.7B	11.2B	13.25B
Total Preferred Equity	11.2B	10.7B	10.7B	11.2B	13.25B
Common Stock, Total	9M	9M	9M	9M	9M
Additional Paid In Capital	55.68B	56.4B	59.05B	60.25B	61.38B
Retained Earnings	113B	132B	139B	144B	153B
Treasury Stock	-85.94B	-91.14B	-94.63B	-100B	-108B
Comprehensive Income and Other	2.03B	2.14B	2.69B	2.2B	2.45B
Total Common Equity	84.73B	99.22B	106B	106B	109B
Minority Interest	1.64B	840M	649M	363M	401M
Total Equity	97.57B	111B	118B	117B	122B
Total Liabilities And Equity	1,163B	1,464B	1,442B	1,642B	1,676B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	361M	354M	353M	341M	326M
ECS Total Common Shares Outstanding	359M	350M	352M	339M	324M
Book Value / Share	235.81	283.89	302.31	312.1	335.17
Tangible Book Value	79.77B	94.52B	98.1B	98.61B	102B
Tangible Book Value Per Share	222	270.44	278.51	291.15	314.52
Tangible Book Value Per Share (As Reported)	222.32	270.91	279.66	292.52	316.02
Total Debt	501B	586B	520B	700B	748B
Net Debt	-229B	-367B	-397B	-331B	-231B
Equity Method Investments, Total	366M	593M	766M	762M	1.06B
Full Time Employees	40.5K	43.9K	48.5K	45.3K	46.5K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	9.46B	21.64B	11.26B	8.52B	14.28B
Depreciation, Depletion & Amortization	1.76B	1.9B	2.28B	4.18B	1.99B
Amortization of Goodwill and Intangible Assets - (CF)	147M	120M	174M	681M	176M
Total Depreciation, Depletion & Amortization	1.9B	2.02B	2.46B	4.86B	2.16B
Total Asset Writedown	-	-	-	-	228M
Provision for Credit Losses	3.1B	357M	-	-	-
Stock-Based Compensation (CF)	1.92B	2.35B	4.08B	2.08B	2.66B
Provision and Write-off of Bad Debts	-	-	2.72B	1.03B	1.35B
Change in Trading Asset Securities	-33.4B	15.23B	45.28B	-164B	-86.99B
Change in Accounts Receivable	-30.9B	21.97B	35.01B	-28.22B	-8.37B
Change in Other Net Operating Assets (Collected)	35.03B	-62.64B	-89.77B	168B	68.91B
Other Operating Activities	-834M	5M	-2.32B	-4.66B	-7.44B
Cash from Operations	-13.73B	921M	8.71B	-12.59B	-13.21B
Capital Expenditure	-6.31B	-4.67B	-3.75B	-2.32B	-2.09B
Sale of Property, Plant, and Equipment	2.97B	3.93B	2.71B	3.28B	1.61B
Cash Acquisitions	-231M	-	-2.12B	-	-
Divestitures	-	-	-	487M	3.62B
Investment in Marketable and Equity Securities, Total	-19.61B	5.79B	-47.58B	-13.41B	-35.72B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-11.17B	-35.52B	-25.23B	-5.35B	-17.04B
Cash from Investing	-34.36B	-30.46B	-75.96B	-17.31B	-49.62B
Short Term Debt Issued, Total	10.57B	2.14B	321M	2.72B	14.64B
Long-Term Debt Issued, Total	55.32B	97.51B	86.32B	50.2B	72.5B
Total Debt Issued	65.89B	99.65B	86.64B	52.92B	87.14B
Short Term Debt Repaid, Total	-	-1.32B	-2.28B	-	-
Long-Term Debt Repaid, Total	-59.19B	-59.2B	-46.21B	-57.64B	-76.56B
Total Debt Repaid	-59.19B	-60.52B	-48.5B	-57.64B	-76.56B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-2.76B	-6.18B	-5.1B	-7.14B	-9.33B
Issuance of Preferred Stock	349M	2.17B	-	1.5B	4.25B
Repurchase of Preferred Stock	-350M	-2.68B	-	-1B	-2.2B
Common Dividends Paid	-	-	-	-	-
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-2.34B	-2.72B	-3.68B	-4.19B	-4.5B
Common & Preferred Stock Dividends Paid	-2.34B	-2.72B	-3.68B	-4.19B	-4.5B
Other Financing Activities, Total	68.77B	105B	30.23B	43.35B	8.52B
Cash from Financing	70.38B	135B	59.6B	27.8B	7.32B
Foreign Exchange Rate Adjustments	-	-	-11.56B	1.85B	-3.97B
Net Change in Cash	22.3B	105B	-19.21B	-248M	-59.48B
Supplemental Items
Cash Interest Paid	9.09B	5.52B	19.02B	60.03B	72.62B
Cash Income Tax Paid (Refund)	2.75B	6.2B	4.56B	2.39B	3.67B
Net Debt Issued / Repaid	6.7B	39.13B	38.15B	-4.71B	10.58B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.88	1.65	0.78	0.55	0.86
Return On Equity %	9.98	20.77	9.85	7.24	11.91
Return on Common Equity	10.86	22.96	10.41	7.4	12.57
Margin Analysis
Gross Profit Margin %	86.76	89.35	84.05	83.16	83.29
SG&A Margin	38.53	35.44	42.27	41.58	38.3
Income From Continuing Operations Margin %	22.81	36.68	25.22	18.83	27.37
Net Income Margin %	22.81	36.68	25.22	18.83	27.37
Net Avail. For Common Margin %	21.44	35.8	23.99	17.37	25.83
Normalized Net Income Margin	23.97	29.22	19.68	17.02	22.32
Asset Turnover
Asset Turnover	0.04	0.04	0.03	0.03	0.03
Short Term Liquidity
Current Ratio	1.67	1.68	1.73	1.55	1.5
Quick Ratio	1.56	1.59	1.67	1.43	1.35
Operating Cash Flow to Current Liabilities	-0.02	0	0.01	-0.01	-0.01
Long Term Solvency
Total Debt/Equity	513.64	529.24	441.29	597.24	611.11
Total Debt / Total Capital	83.7	84.11	81.53	85.66	85.94
LT Debt/Equity	233.63	239.65	217.31	212.99	205.59
Long-Term Debt / Total Capital	38.07	38.09	40.15	30.55	28.91
Total Liabilities / Total Assets	91.61	92.43	91.83	92.86	92.7
Tier 1 Capital Ratio %	15.2	15.8	16	15.9	16.8
Total Capital Ratio %	17.4	17.9	17.8	18.1	18.8
Leverage Ratio %	8.1	7.3	7.3	7	6.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.86	42.26	-24.3	1.29	15.34
Gross Profit, 1 Yr. Growth %	16.79	46.49	-28.78	0.21	15.53
Earnings From Cont. Operations, 1 Yr. Growth %	11.73	128.72	-47.95	-24.38	67.64
Net Income, 1 Yr. Growth %	11.73	128.72	-47.95	-24.38	67.64
Normalized Net Income, 1 Yr. Growth %	34.48	73.46	-49.01	-10.75	44.99
Diluted EPS Before Extra, 1 Yr. Growth %	17.65	140.25	-49.43	-23.93	77.31
Common Equity, 1 Yr. Growth %	7.17	17.11	7.32	-0.74	2.88
Total Assets, 1 Yr. Growth %	17.13	25.88	-1.52	13.86	2.09
Tangible Book Value, 1 Yr. Growth %	7.47	18.5	3.79	0.52	3.48
Cash From Operations, 1 Yr. Growth %	-157.52	-106.71	38.27	-244.55	4.97
Capital Expenditures, 1 Yr. Growth %	-25.28	-26.03	-19.69	-38.21	-9.72
Dividend Per Share, 1 Yr. Growth %	20.48	30	38.46	16.67	9.52
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.4	28.93	3.77	-12.43	8.09
Gross Profit, 2 Yr. CAGR %	6.99	30.8	2.14	-15.52	7.6
Earnings From Cont. Operations, 2 Yr. CAGR %	-4.9	59.86	9.11	-37.26	12.59
Net Income, 2 Yr. CAGR %	-4.9	59.86	9.11	-37.26	12.59
Normalized Net Income, 2 Yr. CAGR %	9.23	52.73	-5.95	-32.69	16.17
Diluted EPS Before Extra, 2 Yr. CAGR %	-1.05	68.13	10.22	-37.98	16.14
Common Equity, 2 Yr. CAGR %	3.57	12.03	12.11	3.21	1.05
Total Assets, 2 Yr. CAGR %	11.72	21.42	11.34	5.89	7.82
Tangible Book Value, 2 Yr. CAGR %	3.2	12.85	10.9	2.14	1.99
Cash From Operations, 2 Yr. CAGR %	-8.96	-80.36	-31.46	41.37	23.18
Capital Expenditures, 2 Yr. CAGR %	-11.1	-25.65	-22.92	-29.56	-25.31
Dividend Per Share, 2 Yr. CAGR %	25.99	25.15	34.16	27.1	13.04
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.94	17.95	7.96	2.94	-4.01
Gross Profit, 3 Yr. CAGR %	8.33	18.8	6.81	1.49	-6.23
Earnings From Cont. Operations, 3 Yr. CAGR %	30.2	27.42	9.98	-3.44	-12.94
Net Income, 3 Yr. CAGR %	30.2	27.42	9.98	-3.44	-12.94
Normalized Net Income, 3 Yr. CAGR %	11.99	27.44	5.95	-8.16	-11.85
Diluted EPS Before Extra, 3 Yr. CAGR %	40.05	33	12.65	-2.6	-11.98
Common Equity, 3 Yr. CAGR %	6.38	7.9	10.44	7.65	3.1
Total Assets, 3 Yr. CAGR %	8.25	16.25	13.24	12.17	4.61
Tangible Book Value, 3 Yr. CAGR %	6.33	8.06	9.74	7.32	2.59
Cash From Operations, 3 Yr. CAGR %	-12.5	-61.83	-28.54	-12.1	28.01
Capital Expenditures, 3 Yr. CAGR %	25.6	-16.38	-23.72	-28.4	-23.48
Dividend Per Share, 3 Yr. CAGR %	19.91	27.31	29.44	28.06	20.95
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.16	14.02	6.84	4.7	8.01
Gross Profit, 5 Yr. CAGR %	3.4	14.33	5.81	3.66	7.12
Earnings From Cont. Operations, 5 Yr. CAGR %	9.23	23.94	21.31	-4.03	11.02
Net Income, 5 Yr. CAGR %	9.23	23.94	21.31	-4.03	11.02
Normalized Net Income, 5 Yr. CAGR %	4.45	20.85	4.43	-1.56	9.52
Diluted EPS Before Extra, 5 Yr. CAGR %	15.3	29.55	27.26	-1.98	14.03
Common Equity, 5 Yr. CAGR %	2.33	5.56	8.63	6	6.58
Total Assets, 5 Yr. CAGR %	6.19	11.22	9.48	11.99	11.04
Tangible Book Value, 5 Yr. CAGR %	2.25	5.71	8.13	5.65	6.57
Cash From Operations, 5 Yr. CAGR %	7.68	-32.34	-15.73	-5.34	-11.16
Capital Expenditures, 5 Yr. CAGR %	28.04	10.25	3.32	-21.92	-24.36
Dividend Per Share, 5 Yr. CAGR %	14.42	20.11	25.42	27.23	22.61