GS Q3 2022 Earnings Report — The Goldman Sachs Group, Inc. Revenue & Financial Results | Market Cap Arena

The Goldman Sachs Group, Inc.GS

Q3 2022 Earnings

Reported November 2, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2022	Q2 2022	Q3 2021	QoQ Change	YoY Change
Revenue	$18.5B	$15.0B	$15.2B	23.4%	21.9%
Op. Income	$3.8B	$3.5B	$6.8B	6.0%	-45.1%
Gross Margin	62.0%	74.7%	88.6%	-12.7pp	-26.6pp
Net Margin	16.6%	19.5%	35.5%	-2.9pp	-18.9pp
EPS (Diluted)	$8.25	$7.73	$15.20	6.7%	-45.7%
Free Cash Flow	$15.0B	$44.3B	-$40.1B	-66.1%	137.4%

Revenue Flow

Item	Amount
REVENUE	$18.5B
Cost of Revenue	$7.0B
GROSS PROFIT	$11.5B
R&D Expenses	$0
Selling & Marketing	$199M
General & Administrative	$3.6B
SG&A Expenses	$3.8B
Other Expenses	$3.9B
Operating Expenses	$7.7B
Cost & Expenses	$14.7B
OPERATING INCOME	$3.8B
Interest Income	$8.6B
Interest Expense	$6.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.8B
Income Tax Expense	$687M
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.0B
D&A	$666M
EBIT	$3.8B
EBITDA	$4.4B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$18.5B
Cost of Revenue	$7.0B
GROSS PROFIT	$11.5B
R&D Expenses	$0
Selling & Marketing	$199M
General & Administrative	$3.6B
SG&A Expenses	$3.8B
Other Expenses	$3.9B
Operating Expenses	$7.7B
Cost & Expenses	$14.7B
OPERATING INCOME	$3.8B
Interest Income	$8.6B
Interest Expense	$6.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.8B
Income Tax Expense	$687M
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.0B
D&A	$666M
EBIT	$3.8B
EBITDA	$4.4B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$3.1B
Depreciation & Amortization	$666M
Stock-Based Compensation	$300M
Deferred Income Tax	$0
Other Non-Cash Items	-$19.8B
Change in Working Capital	$31.8B
OPERATING CASH FLOW	$16.0B
Capital Expenditure	-$990M
Acquisitions (Net)	-$283M
Purchases of Investments	-$16.5B
Sales/Maturities of Investments	$3.1B
Other Investing Activities	$485M
NET CASH FROM INVESTING	-$14.2B
Net Debt Issuance	-$3.1B
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$997M
Other Financing Activities	$6.8B
NET CASH FROM FINANCING	$1.6B
FREE CASH FLOW	$15.0B
Net Change in Cash	-$4.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$284.3B
Short-Term Investments	$494.6B
Net Receivables	$177.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$956.0B
PP&E (Net)	$19.2B
Goodwill	$6.3B
Intangible Assets	$2.0B
Long-Term Investments	$380.4B
Tax Assets	$0
Other Non-Current Assets	$192.1B
TOTAL NON-CURRENT ASSETS	$600.0B
TOTAL ASSETS	$1.6T
Account Payables	$278.5B
Short-Term Debt	$219.5B
Deferred Revenue	$0
Other Current Liabilities	$555.7B
TOTAL CURRENT LIABILITIES	$1.1T
Long-Term Debt	$247.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$124.9B
TOTAL NON-CURRENT LIABILITIES	$374.6B
TOTAL LIABILITIES	$1.4T
Common Stock	$9M
Additional Paid-In Capital	$59.0B
Retained Earnings	$139.1B
Treasury Stock	-$93.1B
Accum. Other Comp. Income	-$1.9B
Other Equity	$5.5B
TOTAL STOCKHOLDERS' EQUITY	$119.3B
Minority Interest	$0
TOTAL EQUITY	$119.3B
TOTAL LIABILITIES & EQUITY	$1.6T
Total Debt	$469.2B
Net Debt	$184.9B