General Dynamics Corporation (GD) financial statements (2020 and earlier)
Company profile
| Business Address |
11011 SUNSET HILLS RD RESTON, VA 20190 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 373 - Ship And Boat Building And Repairing (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 974 | 963 | 2,983 | 2,300 | 2,800 | 4,400 | 5,300 | ||
| Cash and cash equivalents | 974 | 963 | 2,983 | 2,334 | 2,785 | 4,388 | 5,301 | ||
| Other undisclosed cash, cash equivalents, and short-term investments | (34) | 15 | 12 | (1) | |||||
| Receivables | 11,566 | 10,335 | 8,857 | 3,611 | 3,446 | 4,050 | 4,402 | ||
| Inventory, net of allowances, customer advances and progress billings | 6,573 | 5,977 | 5,303 | 3,523 | 3,366 | 3,221 | 2,968 | ||
| Inventory | 6,573 | 5,977 | 5,303 | 3,523 | 3,366 | 3,221 | 2,968 | ||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 435 | ||
| Other current assets | 1,038 | 914 | 1,185 | 697 | 617 | 1,157 | |||
| Other undisclosed current assets | 5,316 | 4,342 | 4,579 | 4,781 | |||||
| Total current assets: | 20,151 | 18,189 | 18,328 | 15,447 | 14,571 | 17,407 | 17,886 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 4,348 | 3,517 | 3,467 | 3,466 | 3,329 | 3,415 | |||
| Intangible assets, net (including goodwill) | 21,993 | 22,179 | 12,616 | 12,123 | 12,206 | 12,643 | 13,194 | ||
| Goodwill | 19,617 | 19,594 | 11,914 | 11,445 | 11,443 | 11,731 | 11,977 | ||
| Intangible assets, net (excluding goodwill) | 2,376 | 2,585 | 702 | 678 | 763 | 912 | 1,217 | ||
| Other noncurrent assets | 2,427 | 692 | 585 | 1,835 | 1,754 | 1,976 | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 953 | ||
| Other undisclosed noncurrent assets | 4,217 | ||||||||
| Total noncurrent assets: | 28,637 | 27,219 | 16,718 | 17,425 | 17,426 | 17,948 | 17,562 | ||
| TOTAL ASSETS: | 48,788 | 45,408 | 35,046 | 32,872 | 31,997 | 35,355 | 35,448 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,999 | 3,179 | 3,207 | 2,538 | 1,964 | 2,775 | 3,055 | ||
| Accounts payable | 2,999 | 3,179 | 3,207 | 2,538 | 1,964 | 2,057 | 2,248 | ||
| Employee-related liabilities | 718 | 807 | |||||||
| Debt | 4,661 | 973 | 2 | 900 | 501 | 501 | 1 | ||
| Deferred tax liabilities | ✕ | 729 | 298 | ||||||
| Customer advances and deposits | ✕ | 7,270 | 6,992 | 4,939 | 5,674 | 7,335 | ✕ | ||
| Other liabilities | 3,713 | 3,317 | 2,898 | 4,469 | 4,306 | 3,858 | 3,362 | ||
| Other undisclosed current liabilities | 6,854 | (1,447) | 5,478 | ||||||
| Total current liabilities: | 18,227 | 14,739 | 13,099 | 12,846 | 12,445 | 13,751 | 12,194 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,989 | 11,444 | 3,980 | 2,988 | 2,898 | 3,410 | 3,908 | ||
| Long-term debt, excluding current maturities | 8,989 | 11,444 | 3,980 | 2,988 | 2,898 | 3,410 | 3,908 | ||
| Liabilities, other than long-term debt | 8,059 | 7,493 | 6,532 | 6,062 | 5,916 | 11,660 | 8,735 | ||
| Customer advances or deposits | ✕ | ✕ | 617 | 677 | |||||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,076 | ||
| Deferred tax liabilities, net | ✕ | 82 | 137 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 4,596 | ✕ | |||||||
| Other liabilities | 8,059 | 7,493 | 6,532 | 6,062 | 5,916 | 6,365 | 4,845 | ||
| Other undisclosed noncurrent liabilities | (5,295) | (3,890) | |||||||
| Total noncurrent liabilities: | 17,048 | 18,937 | 10,512 | 9,050 | 8,814 | 9,775 | 8,753 | ||
| Total liabilities: | 35,275 | 33,676 | 23,611 | 21,896 | 21,259 | 23,526 | 20,947 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 13,513 | 11,732 | 11,435 | 10,976 | 10,738 | 11,829 | 14,501 | ||
| Common stock | 482 | 482 | 482 | 482 | 482 | 482 | 482 | ||
| Treasury stock, value | (17,346) | (17,244) | (15,543) | (14,156) | (12,392) | (9,396) | (6,450) | ||
| Additional paid in capital | 2,999 | 2,946 | 2,872 | 2,819 | 2,730 | 2,548 | 2,226 | ||
| Accumulated other comprehensive loss | (3,531) | (3,778) | (2,820) | (3,396) | (3,286) | (2,932) | (1,185) | ||
| Retained earnings | 30,909 | 29,326 | 26,444 | 25,227 | 23,204 | 21,127 | 19,428 | ||
| Total stockholders' equity: | 13,513 | 11,732 | 11,435 | 10,976 | 10,738 | 11,829 | 14,501 | ||
| TOTAL LIABILITIES AND EQUITY: | 48,788 | 45,408 | 35,046 | 32,872 | 31,997 | 35,355 | 35,448 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 38,955 | 36,193 | 30,973 | 31,353 | 31,469 | 30,852 | 31,218 | |
| Revenue, net | ✕ | ✕ | 30,973 | 31,353 | 31,469 | 30,852 | 31,218 | |
| Cost of revenue (Cost of Goods and Services Sold) | (32,070) | (29,478) | (24,786) | (25,104) | (25,339) | (24,979) | (25,454) | |
| Gross profit: | 6,885 | 6,715 | 6,187 | 6,249 | 6,130 | 5,873 | 5,764 | |
| Operating expenses | (2,339) | (2,258) | (2,010) | (1,940) | (1,952) | (2,480) | (2,635) | |
| Other undisclosed operating income | 496 | 556 | ||||||
| Operating income: | 4,546 | 4,457 | 4,177 | 4,309 | 4,178 | 3,889 | 3,685 | |
| Nonoperating income | 54 | 2 | 17 | 21 | 22 | 16 | 25 | |
| Investment income, nonoperating | 18 | 14 | 8 | 15 | 17 | 17 | ||
| Other nonoperating income (expense) | 18 | (16) | 3 | 13 | 7 | (1) | 8 | |
| Interest and debt expense | (14) | (374) | (117) | (99) | (98) | (103) | (103) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (466) | |||||||
| Income from continuing operations before income taxes: | 4,120 | 4,085 | 4,077 | 4,231 | 4,102 | 3,802 | 3,607 | |
| Income tax expense | (747) | (727) | (1,165) | (1,169) | (1,137) | (1,129) | (1,121) | |
| Income from continuing operations: | 3,373 | 3,358 | 2,912 | 3,062 | 2,965 | 2,673 | 2,486 | |
| Loss from discontinued operations | (13) | (107) | (140) | (129) | ||||
| Net income available to common stockholders, diluted: | 3,373 | 3,345 | 2,912 | 2,955 | 2,965 | 2,533 | 2,357 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 3,373 | 3,345 | 2,912 | 2,955 | 2,965 | 2,533 | 2,357 | |
| Other comprehensive income (loss) | (170) | (320) | 567 | (110) | (354) | (1,747) | 1,590 | |
| Comprehensive income, net of tax, attributable to parent: | 3,203 | 3,025 | 3,479 | 2,845 | 2,611 | 786 | 3,947 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.