General Dynamics Corporation (GD) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8241,4692,3005,330902974702
Cash and cash equivalents2,8241,4692,3005,330902974702
Receivables11,18512,00611,23011,48511,40111,56611,227
Inventory, net of allowances, customer advances and progress billings5,7456,4026,6666,8526,3066,5736,480
Inventory5,7456,4026,6666,8526,3066,5736,480
Other current assets1,7899889391,0741,1711,0381,148
Total current assets:21,54320,86521,13524,74119,78020,15119,557
Noncurrent Assets
Property, plant and equipment5,1004,8634,7214,537   
Intangible assets, net (including goodwill)22,17022,05121,91521,91221,99221,99322,119
Goodwill20,05319,88919,71819,65319,67719,61719,662
Intangible assets, net (excluding goodwill)2,1172,1622,1972,2592,3152,3762,457
Other noncurrent assets2,4952,4792,4512,5202,5942,4272,307
Other undisclosed noncurrent assets    4,4754,2174,091
Total noncurrent assets:29,76529,39329,08728,96929,06128,63728,517
TOTAL ASSETS:51,30850,25850,22253,71048,84148,78848,074
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9522,6132,3832,7883,1622,9992,860
Accounts payable2,9522,6132,3832,7883,1622,9992,860
Deferred revenue6,2766,0866,2126,825   
Debt3,0033,3944,1215,0472,9204,6614,960
Other liabilities3,7334,0273,8903,7803,5713,7133,480
Other undisclosed current liabilities    7,1486,8546,714
Total current liabilities:15,96416,12016,60618,44016,80118,22718,014
Noncurrent Liabilities
Long-term debt and lease obligation9,9959,97810,47012,9519,0108,9898,975
Long-term debt, excluding current maturities9,9959,97810,47012,9519,0108,9898,975
Liabilities, other than long-term debt9,6889,4449,2569,1199,4538,0598,208
Other liabilities9,6889,4449,2569,1199,4538,0598,208
Total noncurrent liabilities:19,68319,42219,72622,07018,46317,04817,183
Total liabilities:35,64735,54236,33240,51035,26435,27535,197
Stockholders' equity
Stockholders' equity attributable to parent15,66114,71613,89013,20013,57713,51312,877
Common stock482482482482482482482
Treasury stock, value(17,893)(17,805)(17,809)(17,809)(17,358)(17,346)(17,379)
Additional paid in capital3,1243,0823,0503,0153,0392,9992,959
Accumulated other comprehensive loss(3,550)(3,855)(4,127)(4,471)(4,219)(3,531)(3,476)
Retained earnings33,49832,81232,29431,98331,63330,90930,291
Total stockholders' equity:15,66114,71613,89013,20013,57713,51312,877
TOTAL LIABILITIES AND EQUITY:51,30850,25850,22253,71048,84148,78848,074

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues10,4819,4319,2648,74910,7739,7619,555
Cost of revenue(7,949)(7,771)(7,784)(7,195)(8,816)(7,973)(7,869)
Cost of goods and services sold    (8,816)(7,973)(7,869)
Gross profit:2,5321,6601,4801,5541,9571,7881,686
Operating expenses(1,265)(576)(639)(613)(629)(572)(596)
Operating income:1,2671,0848419411,3281,2161,090
Nonoperating income (expense)501218148(12)12
Other nonoperating income (expense) 121814 (12)12
Interest and debt expense    (453)(7)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(132)(118)(132)(107)331(107)(112)
Income from continuing operations before income taxes:1,1859787278481,2141,090983
Income tax expense(183)(144)(102)(142)(194)(177)(177)
Net income available to common stockholders, diluted:1,0028346257061,020913806

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:1,0028346257061,020913806
Other comprehensive income (loss)(96)272344(252)(688)(55)207
Comprehensive income, net of tax, attributable to parent:9061,1069694543328581,013

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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