10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOLDMAN SACHS GROUP INC | |||
Ticker: GS Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities | |||
| Net earnings | $ 8,466 | 10,459 | 4,286 |
| Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities: | |||
| Depreciation and amortization | 1,704 | 1,328 | 1,152 |
| Deferred income taxes | (334) | (2,645) | 5,458 |
| Share-based compensation | 2,018 | 1,831 | 1,769 |
| Gain related to extinguishment of unsecured borrowings | (20) | (160) | (114) |
| Provision for credit losses | 1,065 | 674 | 657 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables and payables, net | (7,693) | 6,416 | (26,981) |
| Collateralized transactions (excluding other secured financings), net | 94,991 | 28,147 | 10,025 |
| 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) |
| Other, net | (5,958) | (2,606) | 526 |
| Net cash provided by/(used for) operating activities | 23,868 | 16,564 | (20,489) |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (8,443) | (7,982) | (3,184) |
| Proceeds from sales of property, leasehold improvements and equipment | 6,632 | 3,711 | 574 |
| Net cash used for business acquisitions | (803) | (162) | (2,383) |
| Purchase of investments | (29,773) | (9,418) | (17,381) |
| Proceeds from sales and paydowns of investments | 17,812 | 8,095 | 13,031 |
| Loans, net (excluding loans held for sale) | (9,661) | (13,064) | (17,034) |
| Net cash used for investing activities | (24,236) | (18,820) | (26,377) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 14 | 2,337 | (501) |
| Other secured financings (short-term), net | (2,050) | 586 | (405) |
| Proceeds from issuance of other secured financings (long-term) | 7,257 | 4,996 | 7,401 |
| Repayment of other secured financings (long-term), including the current portion | (7,468) | (9,482) | (4,726) |
| Purchase of Trust Preferred securities | (206) | (35) | (237) |
| Proceeds from issuance of unsecured long-term borrowings | 22,381 | 45,927 | 58,347 |
| Repayment of unsecured long-term borrowings, including the current portion | (43,936) | (37,243) | (30,748) |
| Derivative contracts with a financing element, net | 3,952 | 2,294 | 1,684 |
| Deposits, net | 31,214 | 20,206 | 14,506 |
| Preferred stock redemption | (1,100) | (650) | (850) |
| Common stock repurchased | (5,335) | (3,294) | (6,772) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (745) | (1,118) | (2,223) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (2,104) | (1,810) | (1,769) |
| Proceeds from issuance of preferred stock, net of issuance costs | 1,098 | 1,495 | |
| Proceeds from issuance of common stock, including exercise of share-based awards | 38 | 7 | |
| Cash settlement of share-based awards | (3) | ||
| Other financing, net | 395 | ||
| Net cash provided by financing activities | 3,367 | 22,752 | 35,206 |
| Net increase/(decrease) in cash and cash equivalents | 2,999 | 20,496 | (11,660) |
| Cash and cash equivalents, beginning balance | 130,547 | 110,051 | |
| Cash and cash equivalents, ending balance | 133,546 | 130,547 | 110,051 |
| Supplemental disclosures: | |||
| Cash payments for interest, net of capitalized interest | 18,645 | 16,721 | 11,174 |
| Cash payments for income taxes, net | 1,266 | 1,271 | 1,425 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2019 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |