General Dynamics Corporation (GD) Financial Statements (2025 and earlier)

Company Profile

Business Address 11011 SUNSET HILLS RD
RESTON, VA 20190
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 373 - Ship And Boat Building And Repairing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6971,9131,2421,6032,824902
Cash and cash equivalent1,6971,9131,2421,6032,824902
Receivables11,22511,00111,80311,53911,18511,401
Inventory, net of allowances, customer advances and progress billings9,7248,5786,3225,3405,7456,306
Inventory9,7248,5786,3225,3405,7456,306
Other current assets1,7402,1231,6961,5051,7891,171
Total current assets:24,38623,61521,06319,98721,54319,780
Noncurrent Assets
Property, plant and equipment6,4676,1985,9005,4175,100 
Intangible assets, net (including goodwill)22,07622,24222,15822,07622,17021,992
Goodwill20,55620,58620,33420,09820,05319,677
Intangible assets, net (excluding goodwill)1,5201,6561,8241,9782,1172,315
Other noncurrent assets2,9512,7552,4642,5932,4952,594
Other undisclosed noncurrent assets      4,475
Total noncurrent assets:31,49431,19530,52230,08629,76529,061
TOTAL ASSETS:55,88054,81051,58550,07351,30848,841
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3443,0953,3983,1672,9523,162
Accounts payable3,3443,0953,3983,1672,9523,162
Deferred revenue9,4919,5647,4366,2666,276 
Debt1,5025071,2531,0053,0032,920
Other liabilities3,4873,2663,2543,5403,7333,571
Other undisclosed current liabilities      7,148
Total current liabilities:17,82416,43215,34113,97815,96416,801
Noncurrent Liabilities
Long-term debt and lease obligation7,2608,7549,24310,4909,9959,010
Long-term debt, excluding current maturities7,2608,7549,24310,4909,9959,010
Liabilities, other than long-term debt8,7338,3258,4337,9649,6889,453
Other liabilities8,7338,3258,4337,9649,6889,453
Total noncurrent liabilities:15,99317,07917,67618,45419,68318,463
Total liabilities:33,81733,51133,01732,43235,64735,264
Equity
Equity, attributable to parent22,06321,29918,56817,64115,66113,577
Common stock482482482482482482
Treasury stock, value(22,450)(21,054)(20,721)(19,619)(17,893)(17,358)
Additional paid in capital4,0623,7603,5563,2783,1243,039
Accumulated other comprehensive loss(1,518)(1,159)(2,152)(1,920)(3,550)(4,219)
Retained earnings41,48739,27037,40335,42033,49831,633
Total equity:22,06321,29918,56817,64115,66113,577
TOTAL LIABILITIES AND EQUITY:55,88054,81051,58550,07351,30848,841

Income Statement (P&L) ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues47,71642,27239,40738,46937,92539,350
Cost of revenue(39,466)(34,737)(31,901)(31,171)(30,722)(32,291)
Cost of product and service sold      (32,291)
Gross profit:8,2507,5357,5067,2987,2037,059
Operating expenses(3,454)(3,290)(3,295)(3,135)(3,070)(2,411)
Operating income:4,7964,2454,2114,1634,1334,648
Nonoperating income681382161419426
Investment income, nonoperating  562771212
Other nonoperating income68821891348214
Interest and debt expense (21)(399)(391)(431)(489)(472)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:4,8433,9844,0363,8733,7384,202
Other undisclosed loss from continuing operations before income taxes(303)     
Income from continuing operations before income taxes:4,5403,9844,0363,8733,7384,202
Income tax expense(758)(669)(646)(616)(571)(718)
Income from continuing operations:3,7823,3153,3903,2573,1673,484
Income before gain (loss) on sale of properties:3,2573,1673,484
Net income available to common stockholders, diluted:3,7823,3153,3903,2573,1673,484

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:3,7823,3153,3903,2573,1673,484
Other comprehensive income (loss)(359)993(232)1,630268(441)
Comprehensive income, net of tax, attributable to parent:3,4234,3083,1584,8873,4353,043

Statements Sources

The financial statements are based on the Company's filings with 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.

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