Goldman sachs group inc (GS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Nov'08Nov'07
Cash flows from operating activities
Net earnings

8,466

10,459

4,286

7,398

6,083

8,477

8,040

7,475

4,442

8,354

13,385

2,322

11,599

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

1,704

1,328

1,152

998

991

1,337

1,322

1,738

1,869

1,904

1,943

1,625

1,167

Deferred income taxes

-334

-2,645

5,458

551

425

495

29

-356

726

1,339

-431

-1,763

129

Share-based compensation

2,018

1,831

1,769

2,111

2,272

2,085

2,015

1,319

2,849

4,035

2,009

1,611

4,465

Gain on sale of European insurance business

-

-

-

-

-

-

211

-

-

-

-

-

-

Gain related to extinguishment of unsecured borrowings

20

160

114

-3

34

289

-

-

-

-

-

-

-

Provision for credit losses

1,065

674

657

182

-

-

-

-

-

-

-

-

-

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

7,693

-6,416

26,981

14,723

-19,132

-12,328

3,682

20,499

3,780

201

6,265

-6,587

-3,811

Cash and securities segregated for regulatory and other purposes

-

-

-

-

-

-

143

-10,817

10,532

-17,094

76,531

12,995

-39,079

Collateralized transactions (excluding other secured financings), net

-94,991

-28,147

-10,025

-78

14,825

52,793

51,669

-76,558

-

-

-

-

-

Trading assets

68,682

23,652

9,586

-

-

-

-

-

-

-

-

-

-

Trading liabilities

-231

-3,670

-5,296

-

-

-

-

-

-

-

-

-

-

Loans held for sale, net

1,458

-442

2,385

-

-

-

-

-

-

-

-

-

-

Net payables to customers and counterparties

-

-

-

-

-

-

-

-

13,883

-4,637

-47,414

-50

53,857

Securities borrowed, net of securities loaned

-

-

-

-

-

-

-

-

-8,940

19,638

7,033

85,054

-51,655

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

-

-

-

-

-

-

-

-

122

-10,092

-146,807

-130,999

6,845

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

-

-

-

-13,662

-16,078

-25,881

-51,079

48,783

-5,085

9,231

-186,295

97,723

-

Financial instruments sold, but not yet purchased

-

-

-

1,960

-16,835

4,642

933

-18,867

4,243

11,602

-57,010

-39,051

-

Trading assets, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-118,864

Trading liabilities, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

57,938

Other, net

5,958

2,606

-526

5,726

3,806

10,095

3,170

-3,971

5,346

11,376

-7,076

20,986

7,962

Net cash used for operating activities

23,868

16,564

-20,489

6,494

9,481

-7,932

4,543

12,879

22,501

-5,357

48,875

1,894

-69,447

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

8,443

7,982

3,184

2,865

1,833

678

706

961

1,184

1,227

1,556

2,027

2,130

Proceeds from sales of property, leasehold improvements and equipment

6,632

3,711

574

381

228

30

62

49

78

72

82

121

93

Net cash used for business acquisitions

803

162

2,383

-14,922

1,808

1,732

2,274

593

431

804

221

2,613

1,900

Purchase of investments

29,773

9,418

17,381

-

-

-

-

-

-

-

-

-

-

Proceeds from sales and paydowns of investments

17,812

8,095

13,031

1,517

1,019

1,514

2,503

1,195

2,645

1,371

303

624

4,294

Purchase of available-for-sale securities

-

-

-

-

-

-

738

5,220

2,752

1,885

2,722

3,851

872

Proceeds from sales of available-for-sale securities

-

-

-

-

-

-

817

4,537

3,129

2,288

2,553

3,409

911

Loans, net (excluding loans held for sale)

9,661

13,064

17,034

4,280

16,180

14,043

8,392

2,741

856

800

-

-

-

Net cash used for investing activities

-24,236

-18,820

-26,377

9,675

-18,574

-14,909

-8,728

-3,734

629

-985

-1,561

-4,337

396

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

-14

-2,337

501

1,506

369

-1,659

-1,336

1,952

3,780

-1,196

9,790

19,295

-12,262

Other secured financings (short-term), net

2,050

-586

405

808

867

837

7,272

-1,540

1,195

-12,689

10,451

8,727

-2,780

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

7,257

4,996

7,401

4,186

10,349

6,900

6,604

4,687

9,809

5,500

4,767

12,509

21,703

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

7,468

9,482

4,726

7,375

6,502

7,636

3,630

11,576

8,878

4,849

6,667

20,653

7,355

Purchase of APEX, senior guaranteed securities and trust preferred securities

-

-

-

1,171

1

1,611

-

-

-

-

-

-

-

Purchase of Trust Preferred securities

206

35

237

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of unsecured long-term borrowings

22,381

45,927

58,347

50,763

44,595

39,857

30,851

27,734

29,169

20,231

25,363

37,758

57,516

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

43,936

37,243

30,748

36,556

29,520

28,138

30,473

36,435

29,187

22,607

29,018

25,579

14,823

Repurchase of common stock warrants

-

-

-

-

-

-

-

-

-

-

1,100

-

0

Derivative contracts with a financing element, net

-3,952

-2,294

-1,684

-2,115

47

-643

-874

-1,696

-1,602

-1,222

-2,168

781

4,814

Deposits, net

31,214

20,206

14,506

10,058

14,639

12,201

683

24,015

7,540

-849

7,288

12,273

4,673

Preferred stock redemption

1,100

650

850

-

-

-

-

-

3,857

-

9,574

-

0

Common stock repurchased

5,335

3,294

6,772

6,078

4,135

5,469

6,175

4,640

6,048

4,183

2

2,034

8,956

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

745

1,118

2,223

1,128

1,204

-

-

-

-

-

-

-

-

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

2,104

1,810

1,769

1,706

1,681

1,454

1,302

1,086

2,771

1,443

2,205

850

831

Proceeds from issuance of preferred stock, net of issuance costs

1,098

-

1,495

1,303

1,993

1,980

991

3,087

-

-

-

13,366

0

Proceeds from issuance of preferred stock, net of issuance costs

-

38

7

6

259

123

65

317

368

581

6,260

6,105

791

Proceeds from issuance of common stock warrants

-

-

-

-

-

-

-

-

-

-

-

1,633

0

Excess tax benefit related to share-based awards

-

-

-

-

-

782

98

130

358

352

135

614

817

Cash settlement of share-based awards

-

-

3

-

2

1

1

1

40

1

2

-

1

Other financing, net

395

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

3,367

22,752

35,206

12,103

27,507

18,999

-7,351

7,516

-6,910

7,839

-22,828

7,901

73,390

Net decrease in cash and cash equivalents

2,999

20,496

-11,660

-

-

-

-

-

-

-

-

-

-

Net increase/(decrease) in cash and cash equivalents

-

-

-

28,272

18,414

-3,842

-11,536

16,661

16,220

1,497

24,486

5,458

4,339

Cash payments for interest, net of capitalized interest

18,645

16,721

11,174

-

-

-

-

-

8,050

6,740

7,320

32,370

40,740

Cash payments/(refunds) for income taxes, net

1,266

1,271

1,425

-

-

-

-

-

1,780

4,480

4,780

3,470

5,780

Debt assumed in connection with business acquisitions

-

-

-

-

-

-

-

-

2,090

90

16

-

-

Common stock issued in connection with business acquisitions

-

-

-

-

-

-

-

-

103

-

-

-

-

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

-

-

-

-

-

-

-

-

-

3,000

-

-

-

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

-

-

-

-

-

-

-

-

-

3,000

-

-

-