GS Cash Flow Statement

Goldman Sachs Group Inc - Operating, Investing & Free Cash Flow Analysis

Operating Cash Flow

($45.15B)

-241.8% YoY

Free Cash Flow

($43.09B)

-287.5% YoY

FCF per Share

-16.56% yield

CapEx

$2.06B

Operating Activities

Cash generated from core business operations

Net Cash from Operations

Primary cash generation

($45.15B)

Net Income (Starting Point)$17.18B

+ Depreciation & Amortization$2.18B

Investing Activities

Cash used for investments and capital expenditures

Net Cash from Investing

Total investing activities

($44.23B)

Capital Expenditures (CapEx)$2.06B

Financing Activities

Cash from financing activities including debt, equity, and dividends

Net Cash from Financing

Total financing activities

$66.10B

Free Cash Flow (FCF) Calculation

Operating Cash Flow($45.15B)

- Capital Expenditures$2.06B

= Free Cash Flow($43.09B)

Cash Flow Trends (Annual)

Period	Operating CF	Investing CF	Financing CF	Free CF
2025-12-31	($45.15B)	($44.23B)	$66.10B	($43.09B)
2024-12-31	($13.21B)	($49.62B)	$7.32B	($11.12B)
2023-12-31	($12.59B)	($17.31B)	$27.80B	($10.27B)
2022-12-31	$8.71B	($75.96B)	$59.60B	$12.46B
2021-12-31	$921.00M	($30.46B)	$134.74B	$5.59B

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Frequently Asked Questions

What is GS free cash flow?

GS's most recent free cash flow (FCF) is ($43.09B). Free cash flow represents the cash a company generates after accounting for capital expenditures, and is available for dividends, buybacks, or debt reduction.

What is GS operating cash flow?

GS generated ($45.15B) in operating cash flow in the most recent period. Operating cash flow shows the cash generated from core business operations.

What is GS FCF per share?

FCF per share can be calculated by dividing free cash flow by shares outstanding.

Is GS cash flow growing?

GS's operating cash flow declined by 241.8% year-over-year. Free cash flow decreased by 287.5%.

What is GS FCF yield?

GS has a free cash flow yield of -16.56%, calculated as free cash flow divided by market capitalization. A higher FCF yield may indicate better value.

What is GS capital expenditure?

GS spent $2.06B on capital expenditures (CapEx) in the most recent period. CapEx represents investments in property, plant, and equipment.