Goldman Sachs Group (GS) FY2023 results: revenue $46.3 billion, down 2.3% on the year
Goldman Sachs Group Inc. (GS) reported revenue of $46.3 billion for fiscal 2023, the year ended 31 December 2023, down 2.3% on the year before. Net income was $8.5 billion, down 24.4%, and diluted earnings per share $22.87. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$46.3 billion
-2.3% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$8.5 billion
-24.4% on the year
FY2016FY2023
Diluted EPS
$22.87
-23.9% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
-12,587
8,708
6,298
Capital expenditure
2,316
3,748
4,667
-38.2%
Free cash flow
-14,903
4,960
1,631
Free cash flow margin
-32.2%
10.5%
2.7%
Cash from investing
-17,312
-75,960
-30,465
Cash from financing
27,800
59,602
134,738
-53.4%
Depreciation and amortisation
4,856
2,455
2,015
+97.8%
Share-based compensation
2,085
4,083
2,348
-48.9%
Buybacks
5,796
3,500
5,200
+65.6%
Dividends paid
4,189
3,682
2,725
+13.8%
Dividend per share
$10.50
$9.00
$6.50
+16.7%
Diluted shares, weighted
346m
358m
356m
-3.4%
Shares outstanding at period end
323m
335m
334m
-3.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
116,905
117,189
109,926
-0.2%
Deposits
428,417
386,665
364,227
+10.8%
Trading liabilities
200,355
191,324
181,424
+4.7%
Debt
317,822
308,099
301,047
+3.2%
Other liabilities
578,095
438,522
507,364
+31.8%
Total liabilities and equity
1,641,594
1,441,799
1,463,988
+13.9%
Fixed assets
11,244
17,074
n/a
-34.1%
Goodwill
5,916
6,374
4,285
-7.2%
Intangible assets
1,177
2,009
418
-41.4%
Securities held for sale or to maturity
119,451
100,896
48,932
+18.4%
Loans
n/a
n/a
158,562
Resale agreements
223,805
225,117
205,703
-0.6%
Securities borrowed
199,420
189,041
178,771
+5.5%
Trading assets
477,510
301,245
n/a
+58.5%
Cash and equivalents
241,577
241,825
261,036
-0.1%
Other assets
361,494
358,218
606,281
+0.9%
Total assets
1,641,594
1,441,799
1,463,988
+13.9%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.