Goldman sachs group inc (GMZ)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Cash flows from operating activities
Net earnings

1,213

1,917

1,877

2,421

2,251

2,538

2,524

2,565

2,832

-1,928

2,128

1,831

2,255

2,347

2,094

1,822

1,135

765

1,426

1,048

2,844

2,166

2,241

2,037

2,033

2,332

1,517

1,931

2,260

2,892

1,512

962

2,109

1,013

-393

1,087

2,735

2,387

1,898

613

3,456

4,948

3,188

3,435

1,814

Adjustments to reconcile net earnings to net cash used for operating activities:
Depreciation and amortization

437

464

473

399

368

377

317

335

299

350

280

265

257

267

247

245

239

285

222

265

219

352

301

294

390

474

280

266

302

500

396

409

433

514

389

372

594

731

358

440

375

394

373

527

649

Share-based compensation

1,395

166

157

192

1,503

160

166

176

1,329

159

158

180

1,272

168

129

149

1,665

165

135

163

1,809

154

156

164

1,611

194

152

160

1,509

231

198

247

643

418

446

473

1,512

496

945

434

2,160

664

438

439

468

Gain related to extinguishment of unsecured borrowings

1

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

937

336

291

214

224

222

174

234

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Customer and other receivables and payables, net

7,961

11,432

-3,919

4,171

-3,991

6,627

-2,688

-20,834

10,479

18,331

-5,877

7,869

6,658

1,199

14,262

-719

-19

-14,608

-12,349

13,558

-5,733

624

-6,180

17,819

-24,591

9,499

4,249

-7,049

-3,017

22,116

-5,176

6,230

-2,671

13,619

-6,669

-3,738

568

5,262

-3,725

204

-1,540

2,264

1,286

-5,425

8,140

Cash and securities segregated for regulatory and other purposes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,828

-6,983

-9,393

-

3,523

-19,512

10,509

-4,203

1,947

10,926

-8,527

-201

-18,195

-3,586

11,165

34,223

-15,932

-7,978

219

-1,541

4,195

-13,370

-6,378

6,783

10,853

15,769

43,126

Collateralized transactions (excluding other secured financings), net

55,249

-66,952

-35,722

-5,532

13,215

-12,205

7,731

-9,369

-14,304

10,817

3,129

-8,279

-15,692

4,786

-24,214

-7,282

26,632

1,923

1,084

19,364

-7,546

520

37,628

-11,266

25,911

-23,779

19,334

-5,707

61,821

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trading assets

20,580

-

-

-

26,494

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trading liabilities

27,523

-

-

-

-7,888

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale, net

-2,624

-

-

-

-652

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payables to customers and counterparties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,416

1,993

7,290

-12,358

22,357

13,555

-9,671

-4,635

-3,265

5,056

-1,793

-1,542

-8,086

-19,907

-17,879

Securities borrowed, net of securities loaned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,360

2,904

-14,813

-15,799

12,763

10,997

-16,901

16,934

7,000

8,973

-13,269

29,518

-5,995

11,062

-27,552

Securities sold under agreements to repurchase, net of securities purchased under agreements to resell and federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,727

1,057

15,328

19,070

-38,123

-10,216

29,391

1,668

-8,308

-6,520

3,068

-364

-10,197

4,402

-140,648

Financial instruments owned (excluding available-for-sale securities)

-

-

-

-

-

-

5,017

12,022

19,708

-

3,397

18,207

13,657

-7,900

11,512

-5,794

-11,480

2,288

-11,226

-20,406

13,266

-12,653

-17,759

11,176

-6,645

14,441

-29,449

-16,043

-20,028

996

24,833

931

22,023

-8,046

-7,005

-4,735

14,701

12,747

13,307

-9,837

-6,986

-

-

-

-

Financial instruments sold, but not yet purchased

-

-

-

-

-

-

212

-11,520

12,165

-

-2,902

1,688

-1,216

1,989

-7,795

-3,931

11,697

-10,082

1,026

-8,505

726

62

7,859

-6,325

3,046

-4,078

-13,781

-8,435

27,227

-18,036

-5,827

-1,308

6,304

-17,124

12,448

-1,359

10,278

-14,500

7,957

7,089

11,056

-

-

-

-

Trading assets, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,903

-8,174

180,563

Trading liabilities, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,085

79

-38,810

Other, net

3,369

1,589

1,913

-3,304

5,760

996

-1,513

1,373

1,750

5,071

-3,698

-3,233

1,334

3,893

-2,308

1,996

2,145

-908

1,202

-4,722

8,234

4,580

1,974

-2,576

6,117

502

-4,542

463

6,747

-994

-4,480

1,514

-11

1,533

4,516

-2,827

2,124

3,876

-6,928

2,803

11,625

4,350

-15,368

10,616

-6,674

Net cash used for operating activities

-53,031

51,351

8,084

8,801

-44,368

14,244

-5,314

8,598

-964

-9,105

2,713

-10,708

-3,389

3,529

-4,577

10,084

-2,542

9,315

1,270

-7,840

6,736

4,659

-8,899

529

-4,221

2,280

-3,371

11,332

-5,698

850

1,790

6,463

3,776

20,071

-10,225

10,755

1,900

-8,482

676

9,953

-7,504

25,523

7,332

12,823

3,197

Cash flows from investing activities
Purchase of property, leasehold improvements and equipment

2,843

2,046

2,229

2,040

2,128

2,035

2,196

2,188

1,563

975

689

682

838

802

821

669

573

628

507

396

302

170

155

189

164

208

169

158

171

254

165

152

390

205

459

243

277

328

447

174

278

479

424

375

278

Proceeds from sales of property, leasehold improvements and equipment

397

2,071

1,076

1,219

2,266

1,225

540

939

1,007

138

234

125

77

49

50

72

210

108

71

36

13

13

7

5

5

5

24

16

17

11

10

15

13

25

20

24

9

9

14

21

28

30

2

22

28

Net cash used for business acquisitions

-

-

-

-

-

16

-3

81

68

535

762

574

512

832

128

-16,444

562

124

101

1,106

477

1,106

177

140

309

1,008

820

286

160

154

84

316

39

166

18

242

5

25

26

54

699

11

2

18

190

Purchase of investments

10,214

10,232

13,585

-892

6,848

6,194

24

12

3,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales and paydowns of investments

3,889

9,536

20

2,049

6,207

7,734

58

120

183

11,743

400

346

542

308

391

496

322

305

439

91

184

387

658

163

306

663

319

995

526

771

134

160

130

660

1,019

750

216

654

272

272

173

102

61

65

75

Purchase of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

237

501

1,549

1,683

1,335

653

400

1,230

361

761

137

500

384

864

317

501

464

1,440

Proceeds from sales of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

108

709

1,699

1,452

687

699

583

1,207

409

930

419

600

595

674

414

336

911

892

Loans, net (excluding loans held for sale)

23,565

4,169

2,434

1,422

1,636

2,699

2,413

2,368

5,584

4,809

7,763

3,646

816

350

1,005

388

2,537

3,488

3,233

5,778

3,681

3,442

4,111

3,449

3,041

2,365

3,509

1,145

1,373

630

777

1,096

238

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for investing activities

-32,336

-4,840

-17,894

637

-2,139

-1,985

-4,032

-3,590

-9,213

-8,548

-11,123

-5,159

-1,547

-1,627

-1,513

15,955

-3,140

-3,827

-3,331

-7,153

-4,263

-4,318

-3,778

-3,610

-3,203

-2,913

-4,155

-707

-953

-106

-1,113

-2,037

-478

-359

539

337

112

-208

-87

276

-966

-261

-528

141

-913

Cash flows from financing activities
Unsecured short-term borrowings, net

-2,915

1,123

-625

-131

-381

1,301

-1,684

921

-2,875

1,408

-935

-979

1,007

1,646

699

1,131

-1,970

-859

-48

355

921

-242

-340

-156

-921

-1,201

487

-1,057

435

261

391

431

869

3,590

488

1,203

-1,501

-983

-9

321

-525

-2,262

1,087

6,285

4,680

Other secured financings (short-term), net

-16,307

-655

-384

399

2,690

3,245

-208

-895

-2,728

-1,352

876

-890

1,771

1,203

1,055

-675

-775

375

-625

1,091

26

1,254

724

-718

-423

857

2,651

-1,060

4,824

-3,585

-3,187

4,749

483

3,852

-3,118

1,801

-1,340

-9,945

-1,352

-1,704

312

1,631

2,289

11,753

-5,222

Proceeds from issuance of other secured financings (long-term)

2,969

2,162

2,737

916

1,442

1,099

1,439

1,196

1,262

883

1,835

2,061

2,622

1,809

382

1,062

933

-423

3,396

3,083

4,293

1,200

2,287

1,831

1,582

1,721

2,242

812

1,829

683

2,097

1,109

798

304

7,171

1,043

1,291

2,995

753

211

1,541

1,064

303

1,078

2,322

Repayment of other secured financings (long-term), including the current portion

445

1,037

3,302

2,604

525

2,721

2,070

2,409

2,282

1,121

454

1,774

1,377

889

2,637

2,731

1,118

-858

2,113

2,681

2,566

2,074

722

2,600

2,240

1,598

566

497

969

1,243

4,837

1,162

4,334

593

2,922

1,783

3,580

1,346

975

648

1,880

3,015

802

415

2,435

Purchase of Trust Preferred securities

11

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of APEX, senior guaranteed securities and trust preferred securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

539

127

505

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of Trust Preferred securities

-

-

-

-

-

0

0

0

35

-

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of unsecured long-term borrowings

26,506

3,768

6,817

5,543

6,253

5,324

9,475

15,099

16,029

13,516

13,177

12,152

19,502

11,629

13,169

11,213

14,752

8,564

8,958

15,200

11,873

9,455

10,598

4,855

14,949

4,273

8,076

5,433

13,069

5,714

6,343

6,319

9,358

5,261

6,438

8,665

8,805

4,579

6,134

3,437

6,081

1,374

3,114

6,186

14,689

Repayment of unsecured long-term borrowings, including the current portion

16,175

17,049

9,057

10,579

7,251

6,588

10,610

10,438

9,607

5,649

5,764

6,247

13,088

7,358

6,586

10,811

11,801

7,007

5,257

5,937

11,319

8,198

4,620

5,659

9,661

6,012

6,309

5,622

12,530

8,562

5,811

10,928

11,134

9,749

5,752

6,322

7,364

4,113

5,036

7,874

5,584

6,931

5,282

8,480

8,325

Derivative contracts with a financing element, net

-134

-1,242

-97

-27

-2,586

-1,356

-236

-513

-189

0

-682

-90

-912

-2,034

-54

-11

-16

-42

-7

50

46

-93

24

-555

-19

-45

-68

-381

-380

-551

-181

-756

-208

-941

-417

-34

-210

-357

-1,401

426

110

-4,298

315

1,145

670

Deposits, net

28,381

7,283

16,310

2,027

5,594

7,292

-1,923

2,501

12,336

5,842

7,218

-2,385

3,831

-452

573

2,590

7,347

6,061

2,546

2,986

3,046

5,057

4,201

2,293

650

-763

2,175

-3,291

2,562

8,598

4,206

6,446

4,765

4,310

2,795

277

158

125

1,420

-1,407

-987

-3,013

974

-3,047

12,374

Preferred stock redemption

350

-

-

-

0

0

0

0

650

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock repurchased

1,928

2,162

673

1,250

1,250

1,250

1,244

0

800

1,629

2,174

1,466

1,503

1,488

1,296

1,738

1,556

1,590

1,050

245

1,250

1,250

1,250

1,250

1,719

1,400

1,650

1,600

1,525

1,524

1,250

1,501

365

908

2,160

1,499

1,481

1,095

819

0

2,269

0

0

0

2

Settlement of share-based awards in satisfaction of withholding tax requirements

804

4

8

3

730

53

16

9

1,040

664

52

9

1,498

167

59

14

888

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards

538

644

550

535

375

521

382

531

376

498

395

510

366

468

378

473

387

484

393

431

373

409

354

343

348

346

325

312

319

307

286

273

220

222

223

1,968

358

360

361

359

363

355

355

950

545

Proceeds from issuance of preferred stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

648

0

655

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of preferred stock, net of issuance costs

349

-

-

-

0

-

-

-

-

0

0

1

6

5

0

0

1

39

2

147

71

44

23

2

54

16

15

20

14

169

102

7

39

186

59

60

63

224

107

112

138

171

196

5,866

27

Excess tax benefit related to share-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

91

275

76

156

30

520

8

19

8

63

46

8

6

70

5

7

13

333

55

26

28

243

50

47

27

11

Cash settlement of share-based awards

-

-

-

-

-

-

-

-

-

0

0

0

3

-

-

-

-

-

-

-

-

0

0

0

1

-

-

-

-

0

0

0

1

0

4

1

35

0

0

1

0

-

-

-

-

Other financing, net

0

-4

-7

-3

409

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

57,310

-7,059

12,812

-6,230

3,844

-583

-3,200

5,906

20,629

11,094

14,132

3,720

6,260

1,806

1,577

-1,474

10,194

4,951

6,791

12,709

3,056

2,800

9,844

1,206

5,149

-3,712

606

-1,560

-2,685

8,286

4,049

-2,651

-2,168

-7,907

8,456

-8,342

883

12,349

2,939

-4,692

-2,757

-9,986

-5,966

-26,204

19,328

Net decrease in cash and cash equivalents

-28,057

-

-

-

-42,663

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase/(decrease) in cash and cash equivalents

-

-

-

-

-

-

-12,546

10,914

10,452

-

5,722

-12,147

1,324

3,708

-4,513

24,565

4,512

10,439

4,730

-2,284

5,529

3,141

-2,833

-1,875

-2,275

-4,345

-6,920

9,065

-9,336

9,030

4,726

1,775

1,130

11,805

-1,230

2,750

2,895

3,659

3,528

5,537

-11,227

15,276

838

-13,240

21,612

Cash payments for interest, net of capitalized interest

4,041

4,513

5,180

4,580

4,372

4,596

4,507

4,064

3,554

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,150

1,680

4,040

1,940

2,090

1,310

2,710

1,390

1,600

1,740

2,010

1,270

1,470

1,160

3,420

Cash refunds for income taxes, net of payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments/(refunds) for income taxes, net

474

320

379

676

-109

338

386

221

326

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

140

-150

1,494

296

1,390

320

1,992

778

1,180

1,790

1,554

256

Approximate increase in assets upon adoption of ASU No. 2009-17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,000

-

-

-

-

Approximate increase in liabilities upon adoption of ASU No. 2009-17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,000

-

-

-

-