Goldman Sachs Group (GS) FY2021 results: revenue $59.3 billion, up 33.2% on the year
Goldman Sachs Group Inc. (GS) reported revenue of $59.3 billion for fiscal 2021, the year ended 31 December 2021, up 33.2% on the year before. Net income was $21.6 billion, up 128.7%, and diluted earnings per share $59.45. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$59.3 billion
+33.2% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$21.6 billion
+128.7% on the year
FY2014FY2021
Diluted EPS
$59.45
+140.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
6,298
-18,535
23,868
Capital expenditure
4,667
6,309
8,443
-26.0%
Free cash flow
1,631
-24,844
15,425
Free cash flow margin
2.7%
-55.8%
42.2%
Cash from investing
-30,465
-34,356
-24,236
Cash from financing
134,738
70,380
3,367
+91.4%
Depreciation and amortisation
2,015
1,902
1,704
+5.9%
Share-based compensation
2,348
1,920
2,018
+22.3%
Buybacks
5,200
1,928
5,335
+169.7%
Dividends paid
2,725
2,336
2,104
+16.7%
Dividend per share
$6.50
$5.00
$4.15
+30.0%
Diluted shares, weighted
356m
360m
376m
-1.2%
Shares outstanding at period end
334m
344m
347m
-3.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
109,926
95,932
90,265
+14.6%
Deposits
364,227
259,962
190,019
+40.1%
Trading liabilities
181,424
153,727
108,835
+18.0%
Debt
301,047
266,351
255,363
+13.0%
Other liabilities
507,364
387,056
348,486
+31.1%
Total liabilities and equity
1,463,988
1,163,028
992,968
+25.9%
Goodwill
4,285
4,332
4,196
-1.1%
Intangible assets
418
630
641
-33.7%
Securities held for sale or to maturity
48,932
51,317
24,919
-4.6%
Loans
158,562
116,115
108,904
+36.6%
Resale agreements
205,703
108,060
85,691
+90.4%
Securities borrowed
178,771
142,160
136,071
+25.8%
Cash and equivalents
261,036
155,842
133,546
+67.5%
Other assets
606,281
584,572
499,000
+3.7%
Total assets
1,463,988
1,163,028
992,968
+25.9%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.