Financial Ratios The Goldman Sachs Group, Inc.

Equities

GS

US38141G1040

Investment Banking & Brokerage Services

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Published financial data: THE GOLDMAN SACHS GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest and Dividend Income, Total	1.37TCr	1.21TCr	2.9TCr	6.85TCr	8.14TCr
Interest Expense, Total	893.8Cr	565Cr	2.13TCr	6.22TCr	7.33TCr
Net Interest Income	475.1Cr	647Cr	767.8Cr	635.1Cr	805.6Cr
Brokerage Commission	354.8Cr	361.9Cr	403.4Cr	378.9Cr	408.6Cr
Trading and Principal Transactions	2.02TCr	2.7TCr	1.93TCr	2.04TCr	2.3TCr
Asset Management Fee	692.3Cr	805.9Cr	900.5Cr	953.2Cr	1.06TCr
Underwriting & Investment Banking Fee	914.1Cr	1.42TCr	736Cr	621.8Cr	773.8Cr
Revenues Before Provison For Loan Losses	4.46TCr	5.93TCr	4.74TCr	4.63TCr	5.35TCr
Provision For Loan Losses	309.8Cr	36Cr	271.5Cr	102.8Cr	134.8Cr
Total Revenues	4.15TCr	5.9TCr	4.46TCr	4.52TCr	5.22TCr
Salaries And Other Employee Benefits	1.33TCr	1.77TCr	1.51TCr	1.55TCr	1.67TCr
Cost of Services Provided, Total	815.5Cr	946.5Cr	1.08TCr	1.09TCr	1.2TCr
Depreciation & Amortization - (IS) - (Collected)	190.2Cr	201.5Cr	245.5Cr	327.8Cr	216.4Cr
Other Operating Expenses	219.7Cr	220.5Cr	214Cr	321Cr	268.3Cr
Total Operating Expenses	2.56TCr	3.14TCr	3.06TCr	3.29TCr	3.35TCr
Operating Income	1.59TCr	2.76TCr	1.41TCr	1.23TCr	1.86TCr
EBT, Excl. Unusual Items	1.59TCr	2.76TCr	1.41TCr	1.23TCr	1.86TCr
Impairment of Goodwill	-	-	-	-50Cr	-
Asset Writedown	-	-	-	-107.4Cr	-23Cr
Legal Settlements	-342Cr	-53Cr	-58Cr	-	-
EBT, Incl. Unusual Items	1.25TCr	2.7TCr	1.35TCr	1.07TCr	1.84TCr
Income Tax Expense	302Cr	540.9Cr	222.5Cr	222.3Cr	412.1Cr
Earnings From Continuing Operations	945.9Cr	2.16TCr	1.13TCr	851.6Cr	1.43TCr
Net Income to Company	945.9Cr	2.16TCr	1.13TCr	851.6Cr	1.43TCr
Net Income - (IS)	945.9Cr	2.16TCr	1.13TCr	851.6Cr	1.43TCr
Preferred Dividend and Other Adjustments	57Cr	52Cr	55Cr	66Cr	80Cr
Net Income to Common Incl Extra Items	889Cr	2.11TCr	1.07TCr	785.6Cr	1.35TCr
Net Income to Common Excl. Extra Items	889Cr	2.11TCr	1.07TCr	785.6Cr	1.35TCr
Per Share Items
Net EPS - Basic	24.94	60.25	30.42	23.05	41.07
Basic EPS - Continuing Operations	24.94	60.25	30.42	23.05	41.07
Basic Weighted Average Shares Outstanding	36Cr	35Cr	35Cr	34Cr	33Cr
Net EPS - Diluted	24.74	59.45	30.06	22.87	40.54
Diluted EPS - Continuing Operations	24.74	59.45	30.06	22.87	40.54
Diluted Weighted Average Shares Outstanding	36Cr	36Cr	36Cr	35Cr	33Cr
Normalized Basic EPS	27.88	49.18	24.96	22.59	35.48
Normalized Diluted EPS	27.58	48.44	24.54	22.26	34.89
Dividend Per Share	5	6.5	9	10.5	11.5
Payout Ratio	24.7	12.6	32.7	49.19	31.5
American Depositary Receipts Ratio (ADR)	0.03	0.03	0.03	0.03	0.03
Supplemental Items
Effective Tax Rate - (Ratio)	24.2	20	16.5	20.7	22.4
Current Domestic Taxes	231.4Cr	347.8Cr	297.9Cr	161.9Cr	265.9Cr
Current Foreign Taxes	153.9Cr	192.6Cr	165.8Cr	196.4Cr	226.2Cr
Total Current Taxes	385.3Cr	540.4Cr	463.7Cr	358.3Cr	492.1Cr
Deferred Domestic Taxes	-84Cr	26Cr	-251.5Cr	-131Cr	-100.9Cr
Deferred Foreign Taxes	70L	-26Cr	10Cr	-5Cr	21Cr
Total Deferred Taxes	-83Cr	50L	-241.2Cr	-136Cr	-80Cr
Normalized Net Income	993.69Cr	1.72TCr	878.88Cr	769.81Cr	1.16TCr
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	198.5Cr	255.3Cr	410.7Cr	209.8Cr	277.2Cr
Total Stock-Based Compensation	198.5Cr	255.3Cr	410.7Cr	209.8Cr	277.2Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	16TCr	26TCr	24TCr	24TCr	18TCr
Cash & Securities Segregated	-	-	-	-	-
Securities Owned	-	-	-	-	-
Securities Purchased Under Agreements To Resell	11TCr	21TCr	23TCr	22TCr	18TCr
Securities Borrowed	14TCr	18TCr	19TCr	20TCr	19TCr
Accounts Receivable, Total	12TCr	16TCr	14TCr	13TCr	13TCr
Other Receivables	12TCr	17TCr	19TCr	20TCr	21TCr
Gross Property Plant And Equipment	3.55TCr	3.12TCr	3.14TCr	2.71TCr	2.36TCr
Accumulated Depreciation	-1.01TCr	-1.08TCr	-1.22TCr	-1.36TCr	-1.36TCr
Net Property Plant And Equipment	2.54TCr	2.04TCr	1.92TCr	1.34TCr	999.1Cr
Goodwill	433.2Cr	428.5Cr	637.4Cr	591.6Cr	585.3Cr
Other Intangibles, Total	63Cr	42Cr	200.9Cr	117.7Cr	85Cr
Investment In Debt and Equity Securities	8.88TCr	8.88TCr	13TCr	15TCr	19TCr
Trading Asset Securities, Total	32TCr	31TCr	26TCr	37TCr	42TCr
Other Current Assets, Total	6.95TCr	6.92TCr	4.04TCr	11TCr	15TCr
Other Long-Term Assets, Total	37Cr	59Cr	77Cr	76Cr	105.9Cr
Total Assets	1,16300Cr	1,46400Cr	1,44200Cr	1,64200Cr	1,67600Cr
Liabilities
Accounts Payable, Total	19TCr	25TCr	26TCr	23TCr	22TCr
Accrued Expenses, Total	1.54TCr	1.9TCr	1.6TCr	1.83TCr	1.82TCr
Short-Term Borrowings	25TCr	30TCr	22TCr	40TCr	46TCr
Current Portion of Long-Term Debt	2.59TCr	1.81TCr	3.86TCr	4.94TCr	3.85TCr
Current Portion of Leases	34Cr	30Cr	32Cr	32Cr	30Cr
Long-Term Debt	22TCr	26TCr	25TCr	25TCr	25TCr
Long-Term Leases	194.1Cr	198.3Cr	182.9Cr	190.7Cr	176.7Cr
Trust Preferred Securities (BS)	143Cr	132.1Cr	105.4Cr	105.3Cr	100.4Cr
Current Income Taxes Payable	315.5Cr	236Cr	266.9Cr	294.7Cr	354.4Cr
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	14TCr	21TCr	20TCr	25TCr	24TCr
Other Non Current Liabilities	21TCr	28TCr	33TCr	32TCr	32TCr
Total Liabilities	1,06500Cr	1,35300Cr	1,32400Cr	1,52400Cr	1,55400Cr
Preferred Stock Redeemable	1.12TCr	1.07TCr	1.07TCr	1.12TCr	1.33TCr
Total Preferred Equity	1.12TCr	1.07TCr	1.07TCr	1.12TCr	1.33TCr
Common Stock, Total	90L	90L	90L	90L	90L
Additional Paid In Capital	5.57TCr	5.64TCr	5.9TCr	6.02TCr	6.14TCr
Retained Earnings	11TCr	13TCr	14TCr	14TCr	15TCr
Treasury Stock	-8.59TCr	-9.11TCr	-9.46TCr	-10TCr	-11TCr
Comprehensive Income and Other	203.4Cr	214.3Cr	268.6Cr	220.3Cr	244.6Cr
Total Common Equity	8.47TCr	9.92TCr	11TCr	11TCr	11TCr
Minority Interest	164Cr	84Cr	65Cr	36Cr	40Cr
Total Equity	9.76TCr	11TCr	12TCr	12TCr	12TCr
Total Liabilities And Equity	1,16300Cr	1,46400Cr	1,44200Cr	1,64200Cr	1,67600Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36Cr	35Cr	35Cr	34Cr	33Cr
ECS Total Common Shares Outstanding	36Cr	35Cr	35Cr	34Cr	32Cr
Book Value / Share	235.81	283.89	302.31	312.1	335.17
Tangible Book Value	7.98TCr	9.45TCr	9.81TCr	9.86TCr	10TCr
Tangible Book Value Per Share	222	270.44	278.51	291.15	314.52
Tangible Book Value Per Share (As Reported)	222.32	270.91	279.66	292.52	316.02
Total Debt	50TCr	59TCr	52TCr	70TCr	75TCr
Net Debt	-23TCr	-37TCr	-40TCr	-33TCr	-23TCr
Equity Method Investments, Total	37Cr	59Cr	77Cr	76Cr	105.9Cr
Full Time Employees	40.5T	43.9T	48.5T	45.3T	46.5T

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	945.9Cr	2.16TCr	1.13TCr	851.6Cr	1.43TCr
Depreciation, Depletion & Amortization	175.5Cr	189.5Cr	228.1Cr	417.5Cr	198.8Cr
Amortization of Goodwill and Intangible Assets - (CF)	15Cr	12Cr	17Cr	68Cr	18Cr
Total Depreciation, Depletion & Amortization	190.2Cr	201.5Cr	245.5Cr	485.6Cr	216.4Cr
Total Asset Writedown	-	-	-	-	23Cr
Provision for Credit Losses	309.8Cr	36Cr	-	-	-
Stock-Based Compensation (CF)	192Cr	234.8Cr	408.3Cr	208.5Cr	266.3Cr
Provision and Write-off of Bad Debts	-	-	271.5Cr	102.8Cr	134.8Cr
Change in Trading Asset Securities	-3.34TCr	1.52TCr	4.53TCr	-16TCr	-8.7TCr
Change in Accounts Receivable	-3.09TCr	2.2TCr	3.5TCr	-2.82TCr	-836.7Cr
Change in Other Net Operating Assets (Collected)	3.5TCr	-6.26TCr	-8.98TCr	17TCr	6.89TCr
Other Operating Activities	-83Cr	50L	-232.5Cr	-465.9Cr	-744Cr
Cash from Operations	-1.37TCr	92Cr	870.8Cr	-1.26TCr	-1.32TCr
Capital Expenditure	-630.9Cr	-466.7Cr	-374.8Cr	-231.6Cr	-209.1Cr
Sale of Property, Plant, and Equipment	297Cr	393.3Cr	270.6Cr	327.8Cr	161.3Cr
Cash Acquisitions	-23Cr	-	-211.5Cr	-	-
Divestitures	-	-	-	49Cr	362.2Cr
Investment in Marketable and Equity Securities, Total	-1.96TCr	578.9Cr	-4.76TCr	-1.34TCr	-3.57TCr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.12TCr	-3.55TCr	-2.52TCr	-535.3Cr	-1.7TCr
Cash from Investing	-3.44TCr	-3.05TCr	-7.6TCr	-1.73TCr	-4.96TCr
Short Term Debt Issued, Total	1.06TCr	213.7Cr	32Cr	272.3Cr	1.46TCr
Long-Term Debt Issued, Total	5.53TCr	9.75TCr	8.63TCr	5.02TCr	7.25TCr
Total Debt Issued	6.59TCr	9.96TCr	8.66TCr	5.29TCr	8.71TCr
Short Term Debt Repaid, Total	-	-132Cr	-228.3Cr	-	-
Long-Term Debt Repaid, Total	-5.92TCr	-5.92TCr	-4.62TCr	-5.76TCr	-7.66TCr
Total Debt Repaid	-5.92TCr	-6.05TCr	-4.85TCr	-5.76TCr	-7.66TCr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-275.8Cr	-618.5Cr	-509.5Cr	-714.1Cr	-933.1Cr
Issuance of Preferred Stock	35Cr	217.2Cr	-	149.6Cr	424.9Cr
Repurchase of Preferred Stock	-35Cr	-267.5Cr	-	-100Cr	-220Cr
Common Dividends Paid	-	-	-	-	-
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-233.6Cr	-272.5Cr	-368.2Cr	-418.9Cr	-449.7Cr
Common & Preferred Stock Dividends Paid	-233.6Cr	-272.5Cr	-368.2Cr	-418.9Cr	-449.7Cr
Other Financing Activities, Total	6.88TCr	11TCr	3.02TCr	4.33TCr	852.1Cr
Cash from Financing	7.04TCr	13TCr	5.96TCr	2.78TCr	732.3Cr
Foreign Exchange Rate Adjustments	-	-	-1.16TCr	185.1Cr	-397.2Cr
Net Change in Cash	2.23TCr	11TCr	-1.92TCr	-25Cr	-5.95TCr
Supplemental Items
Cash Interest Paid	909.1Cr	552.1Cr	1.9TCr	6TCr	7.26TCr
Cash Income Tax Paid (Refund)	275.4Cr	619.5Cr	455.5Cr	238.9Cr	367.3Cr
Net Debt Issued / Repaid	670.3Cr	3.91TCr	3.81TCr	-471.3Cr	1.06TCr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.88	1.65	0.78	0.55	0.86
Return On Equity %	9.98	20.77	9.85	7.24	11.91
Return on Common Equity	10.86	22.96	10.41	7.4	12.57
Margin Analysis
Gross Profit Margin %	86.76	89.35	84.05	83.16	83.29
SG&A Margin	38.53	35.44	42.27	41.58	38.3
Income From Continuing Operations Margin %	22.81	36.68	25.22	18.83	27.37
Net Income Margin %	22.81	36.68	25.22	18.83	27.37
Net Avail. For Common Margin %	21.44	35.8	23.99	17.37	25.83
Normalized Net Income Margin	23.97	29.22	19.68	17.02	22.32
Asset Turnover
Asset Turnover	0.04	0.04	0.03	0.03	0.03
Short Term Liquidity
Current Ratio	1.67	1.68	1.73	1.55	1.5
Quick Ratio	1.56	1.59	1.67	1.43	1.35
Operating Cash Flow to Current Liabilities	-0.02	0	0.01	-0.01	-0.01
Long Term Solvency
Total Debt/Equity	513.64	529.24	441.29	597.24	611.11
Total Debt / Total Capital	83.7	84.11	81.53	85.66	85.94
LT Debt/Equity	233.63	239.65	217.31	212.99	205.59
Long-Term Debt / Total Capital	38.07	38.09	40.15	30.55	28.91
Total Liabilities / Total Assets	91.61	92.43	91.83	92.86	92.7
Tier 1 Capital Ratio %	15.2	15.8	16	15.9	16.8
Total Capital Ratio %	17.4	17.9	17.8	18.1	18.8
Leverage Ratio %	8.1	7.3	7.3	7	6.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.86	42.26	-24.3	1.29	15.34
Gross Profit, 1 Yr. Growth %	16.79	46.49	-28.78	0.21	15.53
Earnings From Cont. Operations, 1 Yr. Growth %	11.73	128.72	-47.95	-24.38	67.64
Net Income, 1 Yr. Growth %	11.73	128.72	-47.95	-24.38	67.64
Normalized Net Income, 1 Yr. Growth %	34.48	73.46	-49.01	-10.75	44.99
Diluted EPS Before Extra, 1 Yr. Growth %	17.65	140.25	-49.43	-23.93	77.31
Common Equity, 1 Yr. Growth %	7.17	17.11	7.32	-0.74	2.88
Total Assets, 1 Yr. Growth %	17.13	25.88	-1.52	13.86	2.09
Tangible Book Value, 1 Yr. Growth %	7.47	18.5	3.79	0.52	3.48
Cash From Operations, 1 Yr. Growth %	-157.52	-106.71	38.27	-244.55	4.97
Capital Expenditures, 1 Yr. Growth %	-25.28	-26.03	-19.69	-38.21	-9.72
Dividend Per Share, 1 Yr. Growth %	20.48	30	38.46	16.67	9.52
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.4	28.93	3.77	-12.43	8.09
Gross Profit, 2 Yr. CAGR %	6.99	30.8	2.14	-15.52	7.6
Earnings From Cont. Operations, 2 Yr. CAGR %	-4.9	59.86	9.11	-37.26	12.59
Net Income, 2 Yr. CAGR %	-4.9	59.86	9.11	-37.26	12.59
Normalized Net Income, 2 Yr. CAGR %	9.23	52.73	-5.95	-32.69	16.17
Diluted EPS Before Extra, 2 Yr. CAGR %	-1.05	68.13	10.22	-37.98	16.14
Common Equity, 2 Yr. CAGR %	3.57	12.03	12.11	3.21	1.05
Total Assets, 2 Yr. CAGR %	11.72	21.42	11.34	5.89	7.82
Tangible Book Value, 2 Yr. CAGR %	3.2	12.85	10.9	2.14	1.99
Cash From Operations, 2 Yr. CAGR %	-8.96	-80.36	-31.46	41.37	23.18
Capital Expenditures, 2 Yr. CAGR %	-11.1	-25.65	-22.92	-29.56	-25.31
Dividend Per Share, 2 Yr. CAGR %	25.99	25.15	34.16	27.1	13.04
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.94	17.95	7.96	2.94	-4.01
Gross Profit, 3 Yr. CAGR %	8.33	18.8	6.81	1.49	-6.23
Earnings From Cont. Operations, 3 Yr. CAGR %	30.2	27.42	9.98	-3.44	-12.94
Net Income, 3 Yr. CAGR %	30.2	27.42	9.98	-3.44	-12.94
Normalized Net Income, 3 Yr. CAGR %	11.99	27.44	5.95	-8.16	-11.85
Diluted EPS Before Extra, 3 Yr. CAGR %	40.05	33	12.65	-2.6	-11.98
Common Equity, 3 Yr. CAGR %	6.38	7.9	10.44	7.65	3.1
Total Assets, 3 Yr. CAGR %	8.25	16.25	13.24	12.17	4.61
Tangible Book Value, 3 Yr. CAGR %	6.33	8.06	9.74	7.32	2.59
Cash From Operations, 3 Yr. CAGR %	-12.5	-61.83	-28.54	-12.1	28.01
Capital Expenditures, 3 Yr. CAGR %	25.6	-16.38	-23.72	-28.4	-23.48
Dividend Per Share, 3 Yr. CAGR %	19.91	27.31	29.44	28.06	20.95
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.16	14.02	6.84	4.7	8.01
Gross Profit, 5 Yr. CAGR %	3.4	14.33	5.81	3.66	7.12
Earnings From Cont. Operations, 5 Yr. CAGR %	9.23	23.94	21.31	-4.03	11.02
Net Income, 5 Yr. CAGR %	9.23	23.94	21.31	-4.03	11.02
Normalized Net Income, 5 Yr. CAGR %	4.45	20.85	4.43	-1.56	9.52
Diluted EPS Before Extra, 5 Yr. CAGR %	15.3	29.55	27.26	-1.98	14.03
Common Equity, 5 Yr. CAGR %	2.33	5.56	8.63	6	6.58
Total Assets, 5 Yr. CAGR %	6.19	11.22	9.48	11.99	11.04
Tangible Book Value, 5 Yr. CAGR %	2.25	5.71	8.13	5.65	6.57
Cash From Operations, 5 Yr. CAGR %	7.68	-32.34	-15.73	-5.34	-11.16
Capital Expenditures, 5 Yr. CAGR %	28.04	10.25	3.32	-21.92	-24.36
Dividend Per Share, 5 Yr. CAGR %	14.42	20.11	25.42	27.23	22.61