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GOLDMAN SACHS GROUP INCeval run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00072.9s10/10 correct vs SECfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$58.3BR12 Total net revenues58,283 millions$58.3B ✓
Operating income-not printed on this statement--
Net income attributable to the company$17.2BR26 Net earnings17,176 millions$17.2B ✓
Diluted EPS$51.32R31 Diluted51.32$51.32 ✓
Cash and cash equivalents$164.3BR3 Cash and cash equivalents164,259 millions$164.3B ✓
Total assets$1.81TR15 Total assets1,809,320 millions$1.81T ✓
Total liabilities$1.68TR27 Total liabilities1,684,348 millions$1.68T ✓
Total shareholders' equity attributable to the company$125.0BR38 Total shareholders’ equity124,972 millions$125.0B ✓
Net cash from operating activities-$45.2BR16 Net cash used for operating activities(45,154) millions-$45.2B ✓
Net cash from investing activities-$44.2BR32 Net cash used for investing activities(44,227) millions-$44.2B ✓
Net cash from financing activities$66.1BR48 Net cash provided by financing activities66,100 millions$66.1B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · not applicable: no noncontrolling interest line printed
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · not applicable: no noncontrolling interest line printed
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

trace

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Income statement

table #228 · current period is figure column 1
0Year Ended December
1in millions, except per share amounts202520242023
2Revenues
3Investment banking9,3487,7386,218
4Investment management11,74910,5969,532
5Commissions and fees4,0424,0863,789
6Market making17,99318,39018,238
7Other principal transactions1,5924,6462,126
8Total non-interest revenues44,72445,45639,903
9Interest income80,37381,39768,515
10Interest expense66,81473,34162,164
11Net interest income13,5598,0566,351
12Total net revenues← Total revenue58,28353,51246,254
13Provision for credit losses(1,113)1,3481,028
14Operating expenses
15Compensation and benefits18,90616,70615,499
16Transaction based7,9976,7245,698
17Market development710646629
18Communications and technology2,1701,9911,919
19Depreciation and amortization2,1822,3924,856
20Occupancy9589731,053
21Professional fees1,7701,6521,623
22Other expenses2,8512,6833,210
23Total operating expenses37,54433,76734,487
24Pre-tax earnings21,85218,39710,739
25Provision for taxes4,6764,1212,223
26Net earnings← Net income attributable to the company17,17614,2768,516
27Preferred stock dividends876751609
28Net earnings applicable to common shareholders16,30013,5257,907
29Earnings per common share
30Basic51.9541.0723.05
31Diluted← Diluted EPS51.3240.5422.87
32Average common shares
33Basic312.7328.1340.8
34Diluted317.6333.6345.8

Balance sheet

table #231 · current period is figure column 1
0As of December
1in millions20252024
2Assets
3Cash and cash equivalents← Cash and cash equivalents164,259182,092
4Collateralized agreements:
5Securities purchased under agreements to resell (includes $126,007 and $179,793 at fair value)126,007180,062
6Securities borrowed (includes $51,581 and $46,902 at fair value)208,208194,645
7Customer and other receivables (includes $315 and $23 at fair value)185,842133,717
8Trading assets (at fair value and includes $158,641 and $148,417 pledged as collateral)656,796570,555
9Investments:
10Available-for-sale securities (at fair value; amortized cost of $99,116 and $80,777)99,24479,458
11Held-to-maturity securities69,19378,713
12Other investments (includes $24,938 and $25,284 at fair value)25,82526,343
13Loans (net of allowance of $2,148 and $4,666, and includes $4,905 and $5,460 at fair value)237,734196,200
14Other assets (includes $180 and $194 at fair value)36,21234,187
15Total assets← Total assets1,809,3201,675,972
16Liabilities and shareholders’ equity
17Deposits (includes $76,569 and $44,855 at fair value)501,422433,013
18Collateralized financings:
19Securities sold under agreements to repurchase (at fair value)223,384274,380
20Securities loaned (includes $11,995 and $10,246 at fair value)53,64456,060
21Other secured financings (includes $27,833 and $27,985 at fair value)28,02128,150
22Customer and other payables231,865223,255
23Trading liabilities (at fair value)262,552202,555
24Unsecured short-term borrowings (includes $59,758 and $50,367 at fair value)70,45969,709
25Unsecured long-term borrowings (includes $112,683 and $89,189 at fair value)285,500242,634
26Other liabilities (includes $111 and $84 at fair value)27,50124,220
27Total liabilities← Total liabilities1,684,3481,553,976
28Commitments, contingencies and guarantees
29Shareholders’ equity
30Preferred stock; aggregate liquidation preference of $15,153 and $13,25315,15313,253
31Common stock; 931,995,446 and 927,499,667 shares issued, and 296,476,742 and 310,653,708 shares outstanding99
32Share-based awards5,7955,148
33Nonvoting common stock; no shares issued and outstanding--
34Additional paid-in capital61,90661,376
35Retained earnings165,288153,412
36Accumulated other comprehensive loss(2,260)(2,702)
37Stock held in treasury, at cost; 635,518,706 and 616,845,961 shares(120,919)(108,500)
38Total shareholders’ equity← Total shareholders' equity attributable to the company124,972121,996
39Total liabilities and shareholders’ equity1,809,3201,675,972

Cash flow statement

table #235 · current period is figure column 1
0Year Ended December
1in millions202520242023
2Cash flows from operating activities
3Net earnings17,17614,2768,516
4Adjustments to reconcile net earnings to net cash used for operating activities:
5Depreciation and amortization2,1822,3924,856
6Deferred income taxes204(800)(1,360)
7Share-based compensation3,4452,6632,085
8Provision for credit losses(1,113)1,3481,028
9Changes in operating assets and liabilities:
10Customer and other receivables and payables, net(43,206)(8,367)(28,219)
11Collateralized transactions (excluding other secured financings), net(12,891)68,582160,227
12Trading assets(69,866)(86,991)(163,807)
13Trading liabilities57,560(212)5,751
14Loans held for sale, net(504)5371,635
15Other, net1,859(6,640)(3,299)
16Net cash used for operating activities← Net cash from operating activities(45,154)(13,212)(12,587)
17Cash flows from investing activities
18Purchase of property, leasehold improvements and equipment(2,064)(2,091)(2,316)
19Proceeds from sales of property, leasehold improvements and equipment8031,6133,278
20Net cash received from business dispositions1,5363,622487
21Available-for-sale securities:
22Purchases(77,429)(60,852)(9,185)
23Proceeds from sales61,32519,0053,161
24Proceeds from paydowns and maturities4312,8098,130
25Held-to-maturity securities:
26Purchases(11,279)(23,018)(26,238)
27Proceeds from paydowns and maturities21,68715,5498,604
28Other investments:
29Purchases(9,392)(8,226)(4,833)
30Proceeds from sales, paydowns and maturities9,8929,0106,953
31Loans (excluding loans held for sale), net(39,349)(17,045)(5,353)
32Net cash used for investing activities← Net cash from investing activities(44,227)(49,624)(17,312)
33Cash flows from financing activities
34Unsecured short-term borrowings, net2,9889342,050
35Other secured financings (short-term), net(3,877)13,707673
36Proceeds from issuance of other secured financings (long-term)6,5105,2433,047
37Repayment of other secured financings (long-term), including the current portion(3,331)(2,036)(3,570)
38Proceeds from issuance of unsecured long-term borrowings88,19667,25247,153
39Repayment of unsecured long-term borrowings, including the current portion(71,502)(74,519)(54,066)
40Derivative contracts with a financing element, net2,3132,3903,280
41Deposits, net62,7835,89439,723
42Preferred stock redemption-(2,200)(1,000)
43Common stock repurchased(12,360)(8,000)(5,796)
44Settlement of share-based awards in satisfaction of withholding tax requirements(2,156)(1,331)(1,345)
45Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards(5,277)(4,497)(4,189)
46Proceeds from issuance of preferred stock, net of issuance costs1,8954,2391,496
47Other financing, net(82)247344
48Net cash provided by financing activities← Net cash from financing activities66,1007,32327,800
49Effect of exchange rate changes on cash and cash equivalents5,448(3,972)1,851
50Net decrease in cash and cash equivalents(17,833)(59,485)(248)
51Cash and cash equivalents, beginning balance182,092241,577241,825
52Cash and cash equivalents, ending balance164,259182,092241,577
53Supplemental disclosures:
54Cash payments for interest, net of capitalized interest65,49472,62360,026
55Cash payments for income taxes, net3,9903,6732,389