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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 22, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities | |||
| Net earnings | $ 9,459 | 8,466 | 10,459 |
| Adjustments to reconcile net earnings to net cash provided by/(used) for operating activities: | |||
| Depreciation and amortization | 1,902 | 1,704 | 1,328 |
| Deferred income taxes | (833) | (334) | (2,645) |
| Share-based compensation | 1,920 | 2,018 | 1,831 |
| Gain related to extinguishment of unsecured borrowings | (1) | (20) | (160) |
| Provision for credit losses | 3,098 | 1,065 | 674 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables and payables, net | (30,895) | (7,693) | 6,416 |
| Collateralized transactions (excluding other secured financings), net | (13,007) | 94,991 | 28,147 |
| Trading assets | (33,405) | (68,682) | (23,652) |
| Trading liabilities | 44,892 | (231) | (3,670) |
| Loans held for sale, net | 1,820 | (1,458) | 442 |
| Other, net | 1,322 | (5,958) | (2,606) |
| Net cash provided by/(used for) operating activities | (13,728) | 23,868 | 16,564 |
| Cash flows from investing activities | |||
| Purchase of property, leasehold improvements and equipment | (6,309) | (8,443) | (7,982) |
| Proceeds from sales of property, leasehold improvements and equipment | 2,970 | 6,632 | 3,711 |
| Net cash used for business acquisitions | (231) | (803) | (162) |
| Purchase of investments | (48,670) | (29,773) | (9,418) |
| Proceeds from sales and paydowns of investments | 29,057 | 17,812 | 8,095 |
| Loans (excluding loans held for sale), net | (11,173) | (9,661) | (13,064) |
| Net cash used for investing activities | (34,356) | (24,236) | (18,820) |
| Cash flows from financing activities | |||
| Unsecured short-term borrowings, net | 7,707 | 14 | 2,337 |
| Other secured financings (short-term), net | 2,861 | (2,050) | 586 |
| Proceeds from issuance of other secured financings (long-term) | 8,073 | 7,257 | 4,996 |
| Repayment of other secured financings (long-term), including the current portion | (4,137) | (7,468) | (9,482) |
| Purchase of Trust Preferred securities | (11) | (206) | (35) |
| Proceeds from issuance of unsecured long-term borrowings | 47,250 | 22,381 | 45,927 |
| Repayment of unsecured long-term borrowings, including the current portion | (55,040) | (43,936) | (37,243) |
| Derivative contracts with a financing element, net | 1,037 | 3,952 | 2,294 |
| Deposits, net | 67,343 | 31,214 | 20,206 |
| Preferred stock redemption | (350) | (1,100) | (650) |
| Common stock repurchased | (1,928) | (5,335) | (3,294) |
| Settlement of share-based awards in satisfaction of withholding tax requirements | (830) | (745) | (1,118) |
| Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards | (2,336) | (2,104) | (1,810) |
| Proceeds from issuance of preferred stock, net of issuance costs | 349 | 1,098 | |
| Proceeds from issuance of common stock, including exercise of share-based awards | 38 | ||
| Other financing, net | 392 | 395 | |
| Net cash provided by financing activities | 70,380 | 3,367 | 22,752 |
| Net increase in cash and cash equivalents | 22,296 | 2,999 | 20,496 |
| Cash and cash equivalents, beginning balance | 133,546 | 130,547 | |
| Cash and cash equivalents, ending balance | 155,842 | 133,546 | 130,547 |
| Supplemental disclosures: | |||
| Cash payments for interest, net of capitalized interest | 9,091 | 18,645 | 16,721 |
| Cash payments for income taxes, net | 2,754 | 1,266 | 1,271 |
| External Links | |
| GOLDMAN SACHS GROUP INC (GS) Fiscal Year 2020 | |
| 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 |