GOLDMAN SACHS GROUP INC
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 2, 2026
GS$910.19+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Nine MonthsEnded September | ||
|---|---|---|
| $ in millions | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net earnings | $17,552 | $12,559 |
| Adjustments to reconcile net earnings to net cash used for operating activities: | ||
| Depreciation and amortization | 1,541 | 1,655 |
| Deferred income taxes | (836) | (153) |
| Share-based compensation | 3,240 | 3,187 |
| Provision for credit losses | 785 | 1,010 |
| Changes in operating assets and liabilities: | ||
| Customer and other receivables and payables, net | 15,950 | (10,576) |
| Collateralized transactions (excluding other secured financings), net | 60,174 | (27,821) |
| Trading assets | (184,916) | (66,888) |
| Trading liabilities | 63,284 | 58,129 |
| Loans held for sale, net | (2,567) | (629) |
| Other, net | 4,211 | 649 |
| Net cash used for operating activities | (21,582) | (28,878) |
| Cash flows from investing activities | ||
| Purchase of property, leasehold improvements and equipment | (1,592) | (1,533) |
| Proceeds from sales of property, leasehold improvements and equipment | 209 | 504 |
| Net cash (used for)/received from business acquisitions or dispositions | (1,852) | 1,536 |
| Available-for-sale securities: | ||
| Purchases | (109,271) | (61,849) |
| Proceeds from sales | 27,600 | 41,014 |
| Proceeds from paydowns and maturities | 1,022 | 1 |
| Held-to-maturity securities: | ||
| Purchases | (18,294) | (10,025) |
| Proceeds from paydowns and maturities | 12,460 | 16,952 |
| Other investments: | ||
| Purchases | (6,715) | (6,365) |
| Proceeds from sales, paydowns and maturities | 8,245 | 6,581 |
| Loans (excluding loans held for sale), net | (34,851) | (26,010) |
| Net cash used for investing activities | (123,039) | (39,194) |
| Cash flows from financing activities | ||
| Unsecured short-term borrowings, net | 9,544 | 3,243 |
| Other secured financings (short-term), net | 7,692 | (5,372) |
| Proceeds from issuance of other secured financings (long-term) | 8,295 | 3,757 |
| Repayment of other secured financings (long-term), including the current portion | (4,668) | (2,613) |
| Proceeds from issuance of unsecured long-term borrowings | 144,244 | 61,360 |
| Repayment of unsecured long-term borrowings, including the current portion | (56,012) | (50,227) |
| Derivative contracts with a financing element, net | 1,344 | 877 |
| Deposits, net | 67,813 | 51,832 |
| Preferred stock redemption | (2,875) | – |
| Common stock repurchased | (12,000) | (9,360) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (2,881) | (2,156) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (4,844) | (3,814) |
| Proceeds from issuance of preferred stock, net of issuance costs | 2,494 | 1,895 |
| Other financing, net | (111) | (77) |
| Net cash provided by financing activities | 158,035 | 49,345 |
| Effect of exchange rate changes on cash and cash equivalents | (906) | 6,212 |
| Net increase/(decrease) in cash and cash equivalents | 12,508 | (12,515) |
| Cash and cash equivalents, beginning balance | 164,259 | 182,092 |
| Cash and cash equivalents, ending balance | $176,767 | $169,577 |
| Supplemental disclosures: | ||
| Cash payments for interest, net of capitalized interest | $52,412 | $49,816 |
See Notes 9, 12 and 16 for information about non-cash activities.
| Goldman Sachs September 2026 Form 10-Q | 4 |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.