Goldman Sachs Cash Flow Statement
GS / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Goldman Sachs used $45.2B in operating cash flow and negative free cash flow of $47.2B in FY2025. The company returned $5.3B in dividends and $12.4B in share buybacks to shareholders in FY2025.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.14 (distress zone, below 1.8 threshold)
- Strong profit margin: 28.4%
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $17.2B | $14.3B | $8.5B | $11.3B | $21.6B | $9.5B | $8.5B | $10.5B | $4.3B | $7.4B | $6.1B | $8.5B | $8.0B | $7.5B | $4.4B |
| Depreciation & Amortization | $2.2B | $2.4B | $4.9B | $2.5B | $2.0B | $1.9B | $1.7B | $1.3B | $1.2B | $998.0M | $991.0M | $1.3B | $1.3B | $1.7B | $1.9B |
| Operating Cash Flow | -$45.2B | -$13.2B | -$12.6B | $8.7B | $6.3B | -$18.5B | $23.9B | $16.6B | -$20.5B | $6.5B | $9.5B | -$7.9B | $4.5B | $12.9B | $22.5B |
| Capital Expenditures | $2.1B | $2.1B | $2.3B | $3.7B | $4.7B | $6.3B | $8.4B | $8.0B | $3.2B | $2.9B | $1.8B | $678.0M | $706.0M | $961.0M | $1.2B |
| Free Cash Flow | -$47.2B | -$15.3B | -$14.9B | $5.0B | $1.6B | -$24.8B | $15.4B | $8.6B | -$23.7B | $3.6B | $7.6B | -$8.6B | $3.8B | $11.9B | $21.3B |
| Share Buybacks | $12.4B | $8.0B | $5.8B | $3.5B | $5.2B | $1.9B | $5.3B | $3.3B | $6.8B | $6.1B | $4.1B | $5.5B | $6.2B | $4.6B | $6.0B |
| Dividends Paid | $5.3B | $4.5B | $4.2B | $3.7B | $2.7B | $2.3B | $2.1B | $1.8B | $1.8B | $1.7B | $1.7B | $1.5B | $1.3B | $1.1B | $2.8B |
| FCF Margin | -81.0% | -28.6% | -32.2% | 10.5% | 2.8% | -55.8% | 42.2% | 23.4% | -72.3% | 11.8% | 22.6% | -24.9% | 11.2% | 34.9% | - |