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
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6972,1011,3621,0361,9131,352
Cash and cash equivalent1,6972,1011,3621,0361,9131,352
Receivables11,22512,01711,72011,64211,00111,585
Inventory, net of allowances, customer advances and progress billings9,72410,1419,6869,5898,5788,282
Inventory9,72410,1419,6869,5898,5788,282
Other current assets1,7401,4841,5441,9292,1231,560
Total current assets:24,38625,74324,31224,19623,61522,779
Noncurrent Assets
Property, plant and equipment6,4676,3246,2766,1926,1986,013
Intangible assets, net (including goodwill)22,07622,34022,00222,05222,24222,067
Goodwill20,55620,75720,45220,45820,58620,386
Intangible assets, net (excluding goodwill)1,5201,5831,5501,5941,6561,681
Other noncurrent assets2,9512,9052,8522,8062,7552,666
Total noncurrent assets:31,49431,56931,13031,05031,19530,746
TOTAL ASSETS:55,88057,31255,44255,24654,81053,525
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3443,2902,9693,2033,0953,315
Accounts payable3,3443,2902,9693,2033,0953,315
Deferred revenue9,49110,92510,0899,9699,5649,351
Debt1,5022,0052,0045075077
Other liabilities3,4873,3373,1953,1113,2663,289
Total current liabilities:17,82419,55718,25716,79016,43215,962
Noncurrent Liabilities
Long-term debt and lease obligation7,2607,2627,2578,7528,7549,248
Long-term debt, excluding current maturities7,2607,2627,2578,7528,7549,248
Liabilities, other than long-term debt8,7337,5207,8928,2948,3258,358
Other liabilities8,7337,5207,8928,2948,3258,358
Total noncurrent liabilities:15,99314,78215,14917,04617,07917,606
Total liabilities:33,81734,33933,40633,83633,51133,568
Equity
Equity, attributable to parent22,06322,97322,03621,41021,29919,957
Common stock482482482482482482
Treasury stock, value(22,450)(21,137)(21,128)(21,114)(21,054)(21,124)
Additional paid in capital4,0623,9973,9253,8203,7603,671
Accumulated other comprehensive loss(1,518)(1,099)(1,434)(1,456)(1,159)(1,698)
Retained earnings41,48740,73040,19139,67839,27038,626
Total equity:22,06322,97322,03621,41021,29919,957
TOTAL LIABILITIES AND EQUITY:55,88057,31255,44255,24654,81053,525

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

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Revenues13,33811,67111,97610,73111,66810,571
Cost of revenue(10,501)(9,810)(10,132)(9,023)(9,029)(8,866)
Gross profit:2,8371,8611,8441,7082,6391,705
Operating expenses(1,414)(680)(688)(672)(1,351)(648)
Operating income:1,4231,1811,1561,0361,2881,057
Nonoperating income211518147319
Other nonoperating income21151814 19
Other undisclosed loss from continuing operations before equity method investments, income taxes (21)   (399) 
Income from continuing operations before equity method investments, income taxes:1,4231,1961,1741,0509621,076
Other undisclosed income (loss) from continuing operations before income taxes(55)(82)(84)(82)265(85)
Income from continuing operations before income taxes:1,3681,1141,0909681,227991
Income tax expense(220)(184)(185)(169)(222)(155)
Net income available to common stockholders, diluted:1,1489309057991,005836

Comprehensive Income ($ in millions)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Net income:1,1489309057991,005836
Other comprehensive income (loss)(419)33522(297)539(3)
Comprehensive income, net of tax, attributable to parent:7291,2659275021,544833

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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