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:9749632,9832,3002,8004,4005,300
Cash and cash equivalents9749632,9832,3342,7854,3885,301
Other undisclosed cash, cash equivalents, and short-term investments   (34)1512(1)
Receivables11,56610,3358,8573,6113,4464,0504,402
Inventory, net of allowances, customer advances and progress billings6,5735,9775,3033,5233,3663,2212,968
Inventory6,5735,9775,3033,5233,3663,2212,968
Prepaid expense and other current assets435
Other current assets1,0389141,1856976171,157 
Other undisclosed current assets   5,3164,3424,5794,781
Total current assets:20,15118,18918,32815,44714,57117,40717,886
Noncurrent Assets
Property, plant and equipment 4,3483,5173,4673,4663,3293,415
Intangible assets, net (including goodwill)21,99322,17912,61612,12312,20612,64313,194
Goodwill19,61719,59411,91411,44511,44311,73111,977
Intangible assets, net (excluding goodwill)2,3762,5857026787639121,217
Other noncurrent assets2,4276925851,8351,7541,976 
Prepaid expense and other noncurrent assets953
Other undisclosed noncurrent assets4,217      
Total noncurrent assets:28,63727,21916,71817,42517,42617,94817,562
TOTAL ASSETS:48,78845,40835,04632,87231,99735,35535,448
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9993,1793,2072,5381,9642,7753,055
Accounts payable2,9993,1793,2072,5381,9642,0572,248
Employee-related liabilities     718807
Debt4,66197329005015011
Deferred tax liabilities    729298
Customer advances and deposits7,2706,9924,9395,6747,335
Other liabilities3,7133,3172,8984,4694,3063,8583,362
Other undisclosed current liabilities6,854    (1,447)5,478
Total current liabilities:18,22714,73913,09912,84612,44513,75112,194
Noncurrent Liabilities
Long-term debt and lease obligation8,98911,4443,9802,9882,8983,4103,908
Long-term debt, excluding current maturities8,98911,4443,9802,9882,8983,4103,908
Liabilities, other than long-term debt8,0597,4936,5326,0625,91611,6608,735
Customer advances or deposits   617677
Pension and other postretirement defined benefit plans, liabilities3,076
Deferred tax liabilities, net    82137
Liability, pension and other postretirement and postemployment benefits     4,596
Other liabilities8,0597,4936,5326,0625,9166,3654,845
Other undisclosed noncurrent liabilities     (5,295)(3,890)
Total noncurrent liabilities:17,04818,93710,5129,0508,8149,7758,753
Total liabilities:35,27533,67623,61121,89621,25923,52620,947
Stockholders' equity
Stockholders' equity attributable to parent13,51311,73211,43510,97610,73811,82914,501
Common stock482482482482482482482
Treasury stock, value(17,346)(17,244)(15,543)(14,156)(12,392)(9,396)(6,450)
Additional paid in capital2,9992,9462,8722,8192,7302,5482,226
Accumulated other comprehensive loss(3,531)(3,778)(2,820)(3,396)(3,286)(2,932)(1,185)
Retained earnings30,90929,32626,44425,22723,20421,12719,428
Total stockholders' equity:13,51311,73211,43510,97610,73811,82914,501
TOTAL LIABILITIES AND EQUITY:48,78845,40835,04632,87231,99735,35535,448

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
Revenues38,95536,19330,97331,35331,46930,85231,218
Revenue, net30,97331,35331,46930,85231,218
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:6,8856,7156,1876,2496,1305,8735,764
Operating expenses(2,339)(2,258)(2,010)(1,940)(1,952)(2,480)(2,635)
Other undisclosed operating income     496556
Operating income:4,5464,4574,1774,3094,1783,8893,685
Nonoperating income5421721221625
Investment income, nonoperating 18148151717
Other nonoperating income (expense)18(16)3137(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:4,1204,0854,0774,2314,1023,8023,607
Income tax expense(747)(727)(1,165)(1,169)(1,137)(1,129)(1,121)
Income from continuing operations:3,3733,3582,9123,0622,9652,6732,486
Loss from discontinued operations (13) (107) (140)(129)
Net income available to common stockholders, diluted:3,3733,3452,9122,9552,9652,5332,357

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:3,3733,3452,9122,9552,9652,5332,357
Other comprehensive income (loss)(170)(320)567(110)(354)(1,747)1,590
Comprehensive income, net of tax, attributable to parent:3,2033,0253,4792,8452,6117863,947

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.

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