For the year ending 2025-12-31, GS-PC had -$17,833M decrease in cash & cash equivalents over the period. -$47,218M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Pre-tax earnings | - | 18,397 |
| Provision for taxes | - | 4,121 |
| Net earnings | 17,176 | 14,276 |
| Depreciation and amortization | 2,182 | 2,392 |
| Deferred income taxes | 204 | -800 |
| Share-based compensation | 3,445 | 2,663 |
| Provision for credit losses | -1,113 | 1,348 |
| Customer and other receivables and payables, net | 43,206 | 8,367 |
| Collateralized transactions (excluding other secured financings), net | 12,891 | -68,582 |
| Trading assets | 69,866 | 86,991 |
| Trading liabilities | 57,560 | -212 |
| Loans held for sale, net | 504 | -537 |
| Other, net | -1,859 | 6,640 |
| Net cash used for operating activities | -45,154 | -13,212 |
| Purchase of property, leasehold improvements and equipment | 2,064 | 2,091 |
| Proceeds from sales of property, leasehold improvements and equipment | 803 | 1,613 |
| Net cash received from business dispositions | -1,536 | -3,622 |
| Purchases | 77,429 | 60,852 |
| Proceeds from sales | 61,325 | 19,005 |
| Proceeds from paydowns and maturities | 43 | 12,809 |
| Purchases | 11,279 | 23,018 |
| Proceeds from paydowns and maturities | 21,687 | 15,549 |
| Purchases | 9,392 | 8,226 |
| Proceeds from sales, paydowns and maturities | 9,892 | 9,010 |
| Loans (excluding loans held for sale), net | 39,349 | 17,045 |
| Net cash used for investing activities | -44,227 | -49,624 |
| Unsecured short-term borrowings, net | -2,988 | -934 |
| Other secured financings (short-term), net | 3,877 | -13,707 |
| Proceeds from issuance of other secured financings (long-term) | 6,510 | 5,243 |
| Repayment of other secured financings (long-term), including the current portion | 3,331 | 2,036 |
| Proceeds from issuance of unsecured long-term borrowings | 88,196 | 67,252 |
| Repayment of unsecured long-term borrowings, including the current portion | 71,502 | 74,519 |
| Derivative contracts with a financing element, net | -2,313 | -2,390 |
| Deposits, net | 62,783 | 5,894 |
| Preferred stock redemption | 0 | 2,200 |
| Common stock repurchased | 12,360 | 8,000 |
| Settlement of share-based awards in satisfaction of withholding tax requirements | 2,156 | 1,331 |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | 5,277 | 4,497 |
| Proceeds from issuance of preferred stock, net of issuance costs | 1,895 | 4,239 |
| Other financing, net | -82 | 247 |
| Net cash provided by financing activities | 66,100 | 7,323 |
| Effect of exchange rate changes on cash and cash equivalents | 5,448 | -3,972 |
| Net decrease in cash and cash equivalents | -17,833 | -59,485 |
| Cash and cash equivalents, beginning balance | 182,092 | 241,577 |
| Cash and cash equivalents, ending balance | 164,259 | 182,092 |
GOLDMAN SACHS GROUP INC (GS-PC)
GOLDMAN SACHS GROUP INC (GS-PC)