GOLDMAN SACHS GROUP INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
GS$910.19+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December | |||
|---|---|---|---|
| $ in millions | 2024 | 2023 | 2022 |
| Cash flows from operating activities | |||
| Net earnings | $14,276 | $8,516 | $11,261 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities: | |||
| Depreciation and amortization | 2,392 | 4,856 | 2,455 |
| Deferred income taxes | (800) | (1,360) | (2,412) |
| Share-based compensation | 2,663 | 2,085 | 4,083 |
| Provision for credit losses | 1,348 | 1,028 | 2,715 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables and payables, net | (8,367) | (28,219) | 35,014 |
| Collateralized transactions (excluding other secured financings), net | 68,582 | 160,227 | (100,996) |
| Trading assets | (86,991) | (163,807) | 45,278 |
| Trading liabilities | (212) | 5,751 | 8,062 |
| Loans held for sale, net | 537 | 1,635 | 3,161 |
| Other, net | (6,640) | (3,299) | 87 |
| Net cash provided by/(used for) operating activities | (13,212) | (12,587) | 8,708 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (2,091) | (2,316) | (3,748) |
| Proceeds from sales of property, leasehold improvements and equipment | 1,613 | 3,278 | 2,706 |
| Net cash received from/(used for) business dispositions or acquisitions | 3,622 | 487 | (2,115) |
| Available-for-sale securities: | |||
| Purchases | (60,852) | (9,185) | (3,753) |
| Proceeds from sales | 19,005 | 3,161 | 2 |
| Proceeds from paydowns and maturities | 12,809 | 8,130 | 25 |
| Held-to-maturity securities: | |||
| Purchases | (23,018) | (26,238) | (50,099) |
| Proceeds from paydowns and maturities | 15,549 | 8,604 | 3,671 |
| Other investments: | |||
| Purchases | (8,226) | (4,833) | (6,684) |
| Proceeds from sales, paydowns and maturities | 9,010 | 6,953 | 9,263 |
| Loans (excluding loans held for sale), net | (17,045) | (5,353) | (25,228) |
| Net cash used for investing activities | (49,624) | (17,312) | (75,960) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 934 | 2,050 | 321 |
| Other secured financings (short-term), net | 13,707 | 673 | (2,283) |
| Proceeds from issuance of other secured financings (long-term) | 5,243 | 3,047 | 1,800 |
| Repayment of other secured financings (long-term), including the current portion | (2,036) | (3,570) | (3,407) |
| Proceeds from issuance of unsecured long-term borrowings | 67,252 | 47,153 | 84,522 |
| Repayment of unsecured long-term borrowings, including the current portion | (74,519) | (54,066) | (42,806) |
| Derivative contracts with a financing element, net | 2,390 | 3,280 | 1,797 |
| Deposits, net | 5,894 | 39,723 | 28,074 |
| Preferred stock redemption | (2,200) | (1,000) | – |
| Common stock repurchased | (8,000) | (5,796) | (3,500) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (1,331) | (1,345) | (1,595) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (4,497) | (4,189) | (3,682) |
| Proceeds from issuance of preferred stock, net of issuance costs | 4,239 | 1,496 | – |
| Other financing, net | 247 | 344 | 361 |
| Net cash provided by financing activities | 7,323 | 27,800 | 59,602 |
| Effect of exchange rate changes on cash and cash equivalents | (3,972) | 1,851 | (11,561) |
| Net decrease in cash and cash equivalents | (59,485) | (248) | (19,211) |
| Cash and cash equivalents, beginning balance | 241,577 | 241,825 | 261,036 |
| Cash and cash equivalents, ending balance | $182,092 | $241,577 | $241,825 |
| Supplemental disclosures: | |||
| Cash payments for interest, net of capitalized interest | $72,623 | $60,026 | $19,022 |
| Cash payments for income taxes, net | $3,673 | $2,389 | $4,555 |
See Notes 9, 12 and 16 for information about non-cash activities.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.