Goldman Sachs Group (GS) FY2022 results: revenue $47.4 billion, down 20.2% on the year
Goldman Sachs Group Inc. (GS) reported revenue of $47.4 billion for fiscal 2022, the year ended 31 December 2022, down 20.2% on the year before. Net income was $11.3 billion, down 48.0%, and diluted earnings per share $30.06. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$47.4 billion
-20.2% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$11.3 billion
-48.0% on the year
FY2015FY2022
Diluted EPS
$30.06
-49.4% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
8,708
6,298
-18,535
+38.3%
Capital expenditure
3,748
4,667
6,309
-19.7%
Free cash flow
4,960
1,631
-24,844
+204.1%
Free cash flow margin
10.5%
2.7%
-55.8%
Cash from investing
-75,960
-30,465
-34,356
Cash from financing
59,602
134,738
70,380
-55.8%
Depreciation and amortisation
2,455
2,015
1,902
+21.8%
Share-based compensation
4,083
2,348
1,920
+73.9%
Buybacks
3,500
5,200
1,928
-32.7%
Dividends paid
3,682
2,725
2,336
+35.1%
Dividend per share
$9.00
$6.50
$5.00
+38.5%
Diluted shares, weighted
358m
356m
360m
+0.6%
Shares outstanding at period end
335m
334m
344m
+0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
117,189
109,926
95,932
+6.6%
Deposits
386,665
364,227
259,962
+6.2%
Trading liabilities
191,324
181,424
153,727
+5.5%
Debt
308,099
301,047
266,351
+2.3%
Other liabilities
438,522
507,364
387,056
-13.6%
Total liabilities and equity
1,441,799
1,463,988
1,163,028
-1.5%
Fixed assets
17,074
n/a
n/a
Goodwill
6,374
4,285
4,332
+48.8%
Intangible assets
2,009
418
630
+380.6%
Securities held for sale or to maturity
100,896
48,932
51,317
+106.2%
Loans
n/a
158,562
116,115
Resale agreements
225,117
205,703
108,060
+9.4%
Securities borrowed
189,041
178,771
142,160
+5.7%
Trading assets
301,245
n/a
n/a
Cash and equivalents
241,825
261,036
155,842
-7.4%
Other assets
358,218
606,281
584,572
-40.9%
Total assets
1,441,799
1,463,988
1,163,028
-1.5%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.