For the quarter ending 2026-03-31, GS had $15,271M increase in cash & cash equivalents over the period. -$32,433M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net earnings | 5,630 | 4,617 | 4,098 | 3,723 |
| Depreciation and amortization | 495 | 527 | 531 | 618 |
| Deferred income taxes | -47 | 357 | 49 | -356 |
| Share-based compensation | 2,530 | 258 | 237 | 533 |
| Provision for credit losses | 315 | -2,123 | 339 | 384 |
| Customer and other receivables and payables, net | -36,161 | 32,630 | -1,132 | 10,801 |
| Collateralized transactions (excluding other secured financings), net | 14,041 | -14,930 | -6,252 | -14,612 |
| Trading assets | 104,035 | 2,978 | 19,263 | 26,359 |
| Trading liabilities | 48,637 | -569 | 8,335 | 20,154 |
| Loans held for sale, net | 2,008 | -125 | -632 | 760 |
| Other, net | 5,505 | -1,210 | -338 | -3,924 |
| Net cash used for operating activities | -31,868 | -16,276 | 2,680 | 5,672 |
| Purchase of property, leasehold improvements and equipment | 565 | 531 | 558 | 476 |
| Proceeds from sales of property, leasehold improvements and equipment | 63 | 299 | 112 | 247 |
| Net cash used for business acquisitions | 359 | 0 | -1,536 | 0 |
| Available For Sale Securities Debt | 62,327 | 15,580 | 8,748 | 20,569 |
| Proceeds from sales | 24,194 | 20,311 | 8,926 | 9,199 |
| Available For Sale | 90 | 42 | 0 | 1 |
| Held To Maturity Securities | 9,289 | 1,254 | 4,206 | 1,224 |
| Held To Maturity | 4,613 | 4,735 | 4,514 | 7,866 |
| Other Investments | 2,605 | 3,027 | 1,946 | 2,139 |
| Proceeds from sales, paydowns and maturities | 2,885 | 3,311 | 2,115 | 1,943 |
| Loans (excluding loans held for sale), net | 13,007 | 13,339 | 6,858 | 6,182 |
| Net cash used for investing activities | -56,307 | -5,033 | -5,113 | -11,334 |
| Unsecured short-term borrowings, net | -7,232 | 255 | 684 | -995 |
| Other secured financings (short-term), net | -7,234 | -1,495 | -1,654 | 3,205 |
| Proceeds from issuance of other secured financings (long-term) | 651 | 2,753 | 2,551 | 746 |
| Repayment of other secured financings (long-term), including the current portion | 73 | 718 | 1,338 | 675 |
| Proceeds from issuance of unsecured long-term borrowings | 58,244 | 26,836 | 10,293 | 22,473 |
| Repayment of unsecured long-term borrowings, including the current portion | 20,402 | 21,275 | 14,030 | 19,657 |
| Derivative contracts with a financing element, net | -1,239 | -1,436 | -243 | 272 |
| Deposits, net | 60,819 | 10,951 | 24,588 | -9,088 |
| Preferred stock redemption | 1,450 | 0 | 0 | 0 |
| Common stock repurchased | 5,000 | 3,000 | 2,000 | 3,000 |
| Settlement of share-based awards in satisfaction of withholding tax requirements | 2,605 | 0 | 10 | 295 |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | 1,588 | 1,463 | 1,476 | 1,223 |
| Proceeds from issuance of preferred stock, net of issuance costs | 0 | 0 | 0 | 0 |
| Other financing, net | -7 | -5 | -10 | -61 |
| Net cash provided by financing activities | 104,294 | 16,755 | 19,781 | -13,262 |
| Effect of exchange rate changes on cash and cash equivalents | -848 | -764 | -738 | 4,483 |
| Net increase/(decrease) in cash and cash equivalents | 15,271 | -5,318 | 16,610 | -14,441 |
| Cash and cash equivalents, beginning balance | 164,259 | 182,092 | 182,092 | 182,092 |
| Cash and cash equivalents, ending balance | 179,530 | -5,318 | 16,610 | -14,441 |
GOLDMAN SACHS GROUP INC (GS)
GOLDMAN SACHS GROUP INC (GS)