GOLDMAN SACHS GROUP INC

GSGS-PAGS-PDGS-PCGSCE

Security brokers dealers and flotation companies

Last filing · Quarter 2 · Jun 30, 2026

14 more years with Pro

GOLDMAN SACHS GROUP INC back to 2009, every line as filed.

USD ($) $ in Millions	LTM	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Cash flows from operating activities
Cash flows from operating activities
Net earnings	$ 20,973	$ 17,176	$ 14,276	$ 8,516
Adjustments to reconcile net earnings to net cash used for operating activities:
Depreciation and amortization	2,062	2,182	2,392	4,856
Deferred income taxes	(82)	204	(800)	(1,360)
Share-based compensation	3,464	3,445	2,663	2,085
Gain on sale of European insurance business	-	-	-	-
Gain related to extinguishment of unsecured borrowings	-	-	-	-
Provision for credit losses	(1,367)	(1,113)	1,348	1,028
Changes in operating assets and liabilities:
Customer and other receivables and payables, net	(7,587)	(43,206)	(8,367)	(28,219)
Cash and securities segregated for regulatory and other purposes	-	-	-	-
Receivables and payables (excluding loans receivable), net	-	-	-	-
Collateralized transactions (excluding other secured financings), net	34,879	(12,891)	68,582	160,227
Net receivables from brokers, dealers and clearing organizations	-	-	-	-
Net payables to customers and counterparties	-	-	-	-
Securities borrowed, net of securities loaned	-	-	-	-
Securities sold under agreements to repurchase, net of securities purchased under agreements to resell and federal funds sold	-	-	-	-
Trading assets	(154,818)	(69,866)	(86,991)	(163,807)
Trading assets	-	-	-	-
Trading assets, at fair value	-	-	-	-
Trading liabilities	64,126	57,560	(212)	5,751
Loans held for sale, net	(1,587)	(504)	537	1,635
Financial instruments sold, but not yet purchased	-	-	-	-
Financial instruments sold, but not yet purchased, at fair value	-	-	-	-
Other, net	578	1,859	(6,640)	(3,299)
Net cash used for operating activities	(39,359)	(45,154)	(13,212)	(12,587)
Cash flows from investing activities
Cash flows from investing activities
Purchase of property, leasehold improvements and equipment	(2,156)	(2,064)	(2,091)	(2,316)
Proceeds from sales of property, leasehold improvements and equipment	620	803	1,613	3,278
Net cash received from business dispositions	(247)	1,536	3,622	-
Available-for-sale securities:
Purchases	(108,503)	(77,429)	(60,852)	-
Proceeds from sales	55,224	61,325	19,005	-
Proceeds from paydowns and maturities	251	43	12,809	-
Held-to-maturity securities:
Purchases	(19,096)	(11,279)	(23,018)	-
Proceeds from paydowns and maturities	17,883	21,687	15,549	-
Other investments:
Purchases	(10,162)	(9,392)	(8,226)	-
Proceeds from sales, paydowns and maturities	11,652	9,892	9,010	-
Net cash received from/(used for) business dispositions or acquisitions	-	-	-	487
Purchase of investments	-	-	-	(40,256)
Proceeds from sales and paydowns of investments	-	-	-	26,848
Proceeds from sales of investments	-	-	-	-
Loans (excluding loans held for sale), net	(40,491)	(39,349)	(17,045)	(5,353)
Purchase of available-for-sale securities	-	-	-	-
Proceeds from sales of available-for-sale securities	-	-	-	-
Loans held for investment, net	-	-	-	-
Net cash used for investing activities	(95,025)	(44,227)	(49,624)	(17,312)
Cash flows from financing activities
Cash flows from financing activities
Unsecured short-term borrowings, net	11,138	2,988	934	2,050
Other secured financings (short-term), net	14,001	(3,877)	13,707	673
Proceeds from issuance of other secured financings (long-term)	10,431	6,510	5,243	3,047
Repayment of other secured financings (long-term), including the current portion	(5,360)	(3,331)	(2,036)	(3,570)
Repayment of unsecured long-term borrowings, including the current portion	(76,114)	(71,502)	(74,519)	(54,066)
Purchase of Trust Preferred securities	-	-	-	-
Proceeds from issuance of unsecured long-term borrowings	145,618	88,196	67,252	47,153
Purchase of APEX, senior guaranteed securities and trust preferred securities	-	-	-	-
Derivative contracts with a financing element, net	4,163	2,313	2,390	3,280
Repurchase of common stock warrants	-	-	-	-
Deposits, net	93,119	62,783	5,894	39,723
Preferred stock redemption	(2,125)	0	(2,200)	(1,000)
Common stock repurchased	(14,000)	(12,360)	(8,000)	(5,796)
Settlement of share-based awards in satisfaction of withholding tax requirements	(2,874)	(2,156)	(1,331)	(1,345)
Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards	(6,130)	(5,277)	(4,497)	(4,189)
Proceeds from issuance of preferred stock, net of issuance costs	0	1,895	4,239	1,496
Other financing, net	(121)	(82)	247	344
Proceeds from issuance of common stock, including exercise of share-based awards	-	-	-	-
Net cash provided by financing activities	171,746	66,100	7,323	27,800
Cash settlement of share-based awards	-	-	-	-
Proceeds from issuance of common stock warrants	-	-	-	-
Excess tax benefit related to share-based awards	-	-	-	-
Cash settlement of share-based compensation	-	-	-	-
Net cash provided by financing activities	-	-	-	-
Net decrease in cash and cash equivalents	34,299	(17,833)	(59,485)	(248)
Effect of exchange rate changes on cash and cash equivalents	(3,063)	5,448	(3,972)	1,851
Net increase in cash and cash equivalents	-	-	-	-
Supplemental disclosures:
Cash payments for interest, net of capitalized interest	67,014	65,494	72,623	60,026
Cash payments for income taxes, net	-	3,990	3,673	2,389
Non-cash activities:
Approximate increase in assets upon adoption of ASU No. 2009-17	-	-	-	-
Approximate increase in liabilities upon adoption of ASU No. 2009-17	-	-	-	-
Common stock issued in connection with business acquisitions	-	-	-	-
Debt assumed in connection with business acquisitions	-	-	-	-