GOLDMAN SACHS GROUP INC

10-K & 10-Q Filings

The text above is an excerpt from a Form 10-K filing by The Goldman Sachs Group, Inc. (GS Group) with the United States Securities and Exchange Commission (SEC). The company is a financial services firm headquartered in New York City, providing various financial services including investment banking, securities trading, investment management, and securities clearing services. GS Group's business strategy focuses on providing clients with financial services, advice, and solutions to help them achieve their financial objectives. GS Group operates through several business segments: Investment Banking, Institutional Client Services, Investment Management, and Consumer & Wealth Management. The Investment Banking segment offers services such as underwriting, mergers and acquisitions, and securities trading. The Institutional Client Services segment provides securities, derivatives, and other financial products and services to institutional clients. The Investment Management segment offers investment management services to individuals, institutions, and other clients. The Consumer & Wealth Management segment provides financial services to retail clients. GS Group's website is www.goldmansachs.com, and its common stock is traded on the New York Stock Exchange under the ticker symbol "GS." The company has filed various exhibits with the SEC, including financial statements, certificates of incorporation, bylaws, and agreements related to securities and executive compensation. The filing also includes information about the company's subsidiaries and guaranteed securities. The filing is signed by Sheara J. Fredman, Chief Accounting Officer of GS Group.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$49640.00
60825.00
34206.00
34528.00
33820.00
30608.00
32073.00
36616.00
36546.00
44560.00
59339.00
47365.00
46254.00
12224.00
14213.00
-0.59%16.27%Net Interest Income (+)
$
3392.00
4047.00
3064.00
2587.00
2932.00
3767.00
4362.00
4751.00
6470.00
7678.00
6351.00
1781.00
1608.00
-9.71%Interest Expense (-)
$
6668.00
5557.00
5388.00
7104.00
10181.00
15912.00
17376.00
8938.00
5650.00
21346.00
62164.00
13157.00
17947.00
36.41%Non Interest Income (+)
$
30814.00
30481.00
30756.00
28021.00
29141.00
32849.00
32184.00
39809.00
52869.00
39687.00
39903.00
10443.00
12605.00
20.70%Depreciation & Amortization (-)
$
1322.00
1337.00
991.00
998.00
1152.00
1328.00
1704.00
1902.00
2015.00
2455.00
4856.00
970.00
627.00
-35.36%Operating Expenses (-)
$22642.00
22956.00
22469.00
22171.00
25042.00
20304.00
20941.00
23461.00
24898.00
28983.00
31938.00
31164.00
34487.00
8402.00
8658.00
3.57%3.05%Operating Income/Loss (+)
$26998.00
37869.00
11737.00
12357.00
8778.00
10304.00
11132.00
13155.00
11648.00
15577.00
27401.00
16201.00
11767.00
3822.00
5555.00
-6.69%45.34%Provision for Loan Loss (-)
$
674.00
1065.00
3098.00
357.00
2715.00
1028.00
-171.00
318.00
285.96%Earnings before Tax (+)
$6169.00
11207.00
11737.00
12357.00
8778.00
10304.00
11132.00
12481.00
10583.00
12479.00
27044.00
13486.00
10739.00
3993.00
5237.00
4.73%31.15%Tax Expense (-)
$1727.00
3732.00
3697.00
3880.00
2695.00
2906.00
6846.00
2022.00
2117.00
3020.00
5409.00
2225.00
2223.00
759.00
1105.00
2.13%45.59%Income/Loss (Continuing Operations) (+)
$4442.00
7475.00
8040.00
8477.00
6083.00
7398.00
4286.00
10459.00
8466.00
9459.00
21635.00
11261.00
8516.00
3234.00
4132.00
5.57%27.77%Net Income/Loss (+)
$4442.00
7475.00
8040.00
8477.00
6083.00
7398.00
4286.00
10459.00
8466.00
9459.00
21635.00
11261.00
8516.00
3234.00
4132.00
5.57%27.77%Preferred & Other Distributions (-)
$1932.00
183.00
314.00
400.00
515.00
311.00
601.00
599.00
569.00
544.00
484.00
497.00
609.00
147.00
201.00
-9.17%36.73%Net Income/Loss (Common) (+)
$2510.00
7292.00
7726.00
8077.00
5568.00
7087.00
3685.00
9860.00
7897.00
8915.00
21151.00
10764.00
7907.00
3087.00
3931.00
10.03%27.34%EPS (Basic)
$4.71
14.63
16.34
17.55
12.35
16.53
9.12
25.53
21.18
24.94
60.25
30.42
23.05
8.87
11.67
14.15%31.57%EPS (Diluted)
$4.51
14.13
15.46
17.07
12.14
16.29
9.01
25.27
21.03
24.74
59.45
30.06
22.87
8.79
11.58
14.49%31.74%Weighted Avg Shares (Basic)
524.60
496.20
471.30
458.90
448.90
427.40
401.60
385.40
371.60
356.40
350.50
352.10
340.80
346.60
335.60
-3.53%-3.17%Weighted Avg Shares (Diluted)
556.90
516.10
499.60
473.20
458.60
435.10
409.10
390.20
375.50
360.30
355.80
358.10
345.80
351.30
339.50
-3.89%-3.36%Cash
$
222865.00
185538.00
196010.00
238636.00
230873.00
269805.00
219237.00
263902.00
466739.00
466942.00
465382.00
431478.00
441303.00
2.28%Receivables
$
132495.00
160419.00
Securities & Long-term Investments
$153341.00
136893.00
164566.00
189660.00
217506.00
234272.00
256781.00
215875.00
244975.00
258275.00
337333.00
368327.00
382778.00
381251.00
398847.00
7.92%4.62%Other Assets
$769884.00
801662.00
524076.00
481042.00
447879.00
387257.00
429122.00
446116.00
528756.00
640851.00
659916.00
606530.00
660939.00
725620.00
697871.00
-1.26%-3.82%Assets (Total)
$923225.00
938555.00
911507.00
856240.00
861395.00
860165.00
916776.00
931796.00
992968.00
1163028.00
1463988.00
1441799.00
1641594.00
1538349.00
1698440.00
4.91%10.41%Deposits
$46109.00
70124.00
70807.00
83008.00
97519.00
124098.00
138604.00
158257.00
190019.00
259962.00
364227.00
386665.00
428417.00
375531.00
440662.00
20.41%17.34%Accounts Payable
$
204765.00
213572.00
210362.00
188455.00
178169.00
Securities (Liabilities)
$354061.00
171807.00
341116.00
255313.00
235090.00
222392.00
242901.00
220861.00
260853.00
327674.00
412356.00
346346.00
523919.00
456349.00
549934.00
3.32%20.51%Debt (Non-current)
$173545.00
167305.00
160965.00
167571.00
175422.00
189086.00
217687.00
224149.00
207076.00
213481.00
254092.00
247138.00
241877.00
240794.00
233919.00
2.81%-2.86%Other Liabilities
$279131.00
453603.00
55387.00
53979.00
56274.00
49241.00
57172.00
238344.00
244755.00
265979.00
323387.00
344461.00
330476.00
348166.00
355379.00
1.42%2.07%Liabilities (Total)
$852846.00
862839.00
833040.00
773443.00
774667.00
773272.00
834533.00
841611.00
902703.00
1067096.00
1354062.00
1324610.00
1524689.00
1420840.00
1579894.00
4.96%11.19%Treasury Stock
$42281.00
46850.00
53015.00
58468.00
62640.00
68694.00
75392.00
78670.00
84006.00
85940.00
91136.00
94631.00
100445.00
97159.00
101917.00
7.48%4.90%Retained Earnings
$58834.00
65223.00
71961.00
78984.00
83386.00
89039.00
91519.00
100100.00
106465.00
112947.00
131811.00
139372.00
143688.00
141591.00
146690.00
7.72%3.60%AOCI
$-516.00
-193.00
-524.00
-743.00
-718.00
-1216.00
-1880.00
693.00
-1484.00
-1434.00
-2068.00
-3010.00
-2918.00
-2601.00
-3317.00
-27.53%Shareholder's Equity
$70379.00
75716.00
78467.00
82797.00
86728.00
86893.00
82243.00
90185.00
90265.00
95932.00
109926.00
117189.00
116905.00
117509.00
118546.00
4.32%0.88%Liabilities & Equity
$923225.00
938555.00
911507.00
856240.00
861395.00
860165.00
916776.00
931796.00
992968.00
1163028.00
1463988.00
1441799.00
1641594.00
1538349.00
1698440.00
4.91%10.41%Net Income/Loss
$4442.00
7475.00
8040.00
8477.00
6083.00
7398.00
4286.00
10459.00
8466.00
9459.00
21635.00
11261.00
8516.00
3234.00
4132.00
5.57%27.77%Depreciation & Amortization
$
1337.00
991.00
998.00
1152.00
1328.00
1704.00
1902.00
2015.00
2455.00
4856.00
970.00
627.00
-35.36%Increase/Decrease in Working Capital
$3795.00
130555.00
6652.00
19728.00
2776.00
5491.00
30293.00
-8934.00
-10969.00
29273.00
25439.00
9394.00
27712.00
-3830.00
35019.00
18.02%1014.33%Share-based Compensation
$2849.00
1319.00
2015.00
2085.00
2272.00
2111.00
1769.00
1831.00
2018.00
1920.00
2348.00
4083.00
2085.00
1541.00
1844.00
-2.57%19.66%Adjustments to Reconcile Net Income
$17203.00
5404.00
-3497.00
-16100.00
878.00
-1828.00
-22028.00
9962.00
15402.00
-23187.00
-20714.00
-2553.00
-21103.00
6170.00
-32170.00
-621.39%Net Cash (Operating)
$21645.00
12879.00
4543.00
-7623.00
6961.00
5570.00
-17742.00
20421.00
23868.00
-13728.00
921.00
8708.00
-12587.00
9404.00
-28038.00
-398.15%Capital Expenditure
$431.00
593.00
2918.00
2380.00
3413.00
-12427.00
4994.00
4433.00
2614.00
3570.00
734.00
3157.00
-1449.00
180.00
-3524.00
-2057.78%Net Cash (Investing)
$1485.00
-3734.00
-8728.00
-14909.00
-18574.00
9270.00
-29116.00
-22677.00
-24236.00
-34356.00
-30465.00
-75960.00
-17312.00
-1978.00
-7980.00
-303.44%Increase/Decrease in Debt
$7540.00
24015.00
683.00
12201.00
14639.00
10058.00
14506.00
20206.00
31214.00
67343.00
103538.00
28074.00
32287.00
-11442.00
3949.00
12.89%134.51%Increase/Decrease in Equity
$-9905.00
-1553.00
-5184.00
-3489.00
-2142.00
-4775.00
-6127.00
-3944.00
-5337.00
-1929.00
-5703.00
-3500.00
-5300.00
-2546.00
-1500.00
41.08%Interest Expenses
$8050.00
9250.00
5690.00
18645.00
9091.00
5521.00
19022.00
60026.00
13082.00
16905.00
18.23%29.22%Dividends Paid
$2771.00
1086.00
1302.00
1454.00
1681.00
1706.00
1769.00
1810.00
2104.00
2336.00
2725.00
3682.00
4189.00
1013.00
1123.00
3.50%10.86%Net Cash (Financing)
$-6910.00
7516.00
-7351.00
18999.00
29118.00
13432.00
35198.00
22752.00
3367.00
70380.00
134738.00
59602.00
27800.00
-20544.00
7171.00
134.91%Cash Taxes Paid
$1780.00
1880.00
4070.00
1266.00
2754.00
6195.00
4555.00
2389.00
459.00
525.00
2.48%14.38%Effect of Exchange Rate
$
-11561.00
1851.00
620.00
-3345.00
-639.52%Increase/Decrease in Cash
$16220.00
-11536.00
-3533.00
17505.00
28272.00
-11660.00
20496.00
2999.00
22296.00
105194.00
-19211.00
-248.00
-12498.00
-32192.00
-157.58%Cash (Beginning)
$
72669.00
61133.00
57600.00
93439.00
121711.00
110051.00
130547.00
133546.00
155842.00
261036.00
241825.00
241825.00
241577.00
-0.10%Cash (Ending)
$
61133.00
57600.00
75105.00
121711.00
110051.00
130547.00
133546.00
155842.00
261036.00
241825.00
241577.00
229327.00
209385.00
-8.70%NOPAT
$19208.01
31516.39
7667.00
8477.00
6083.00
7398.00
4286.00
11023.81
10254.60
12139.30
21124.22
10728.99
9149.31
3382.66
4998.12
-5.99%47.76%Operating Margin %
54.39%
62.26%
34.31%
35.79%
25.96%
33.66%
34.71%
35.93%
31.87%
34.96%
46.18%
34.20%
25.44%
31.27%
39.08%
NOPAT Margin %
38.69%
51.81%
22.41%
24.55%
17.99%
24.17%
13.36%
30.11%
28.06%
27.24%
35.60%
22.65%
19.78%
27.67%
35.17%
Net Margin %
8.95%
12.29%
23.50%
24.55%
17.99%
24.17%
13.36%
28.56%
23.17%
21.23%
36.46%
23.77%
18.41%
26.46%
29.07%
Tax Rate %
28.85%
16.78%
34.68%
31.40%
30.70%
28.20%
61.50%
16.20%
11.96%
22.07%
22.91%
33.78%
22.25%
11.50%
10.02%
ROA
2.08%
3.36%
0.84%
0.99%
0.71%
0.86%
0.47%
1.18%
1.03%
1.04%
1.44%
0.74%
0.56%
0.22%
0.29%
ROE
27.29%
41.62%
9.77%
10.24%
7.01%
8.51%
5.21%
12.22%
11.36%
12.65%
19.22%
9.16%
7.83%
2.88%
4.22%
Equity Multiplier
13.12
12.40
11.62
10.34
9.93
9.90
11.15
10.33
11.00
12.12
13.32
12.30
14.04
13.09
14.33
Debt/Equity Ratio
3.12
3.14
2.95
3.03
3.15
3.60
4.33
4.24
4.40
4.94
5.62
5.41
5.73
5.24
5.69
Dividend Payout Ratio %
14.43%
3.45%
16.98%
17.15%
27.63%
23.06%
41.27%
16.42%
20.52%
19.24%
12.90%
34.32%
45.78%
29.95%
22.47%
Total Payout
$12676.00
2639.00
6486.00
4943.00
3823.00
6481.00
7896.00
5754.00
7441.00
4265.00
8428.00
7182.00
9489.00
3559.00
2623.00
-2.38%-26.30%Payout Ratio %
65.99%
8.37%
84.60%
58.31%
62.85%
87.60%
184.23%
52.20%
72.56%
35.13%
39.90%
66.94%
103.71%
105.21%
52.48%