General Dynamics Corporation (GD) Financial Statements (2024 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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1542,0381,2422,4962,2232,907
Cash and cash equivalents1,1542,0381,2422,4962,2232,907
Receivables11,45811,08411,80310,90511,03210,903
Inventory, net of allowances, customer advances and progress billings7,6427,0066,3226,2576,1585,548
Inventory7,6427,0066,3226,2576,1585,548
Other current assets1,5711,4601,6961,3471,1661,436
Total current assets:21,82521,58821,06321,00520,57920,794
Noncurrent Assets
Property, plant and equipment5,9475,8675,9005,5655,4795,450
Intangible assets, net (including goodwill)22,17522,16222,15822,07621,86922,040
Goodwill20,44320,38620,33420,15520,00220,114
Intangible assets, net (excluding goodwill)1,7321,7761,8241,9211,8671,926
Other noncurrent assets2,6092,4792,4642,4702,5542,592
Total noncurrent assets:30,73130,50830,52230,11129,90230,082
TOTAL ASSETS:52,55652,09651,58551,11650,48150,876
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3653,2483,3983,1063,1383,190
Accounts payable3,3653,2483,3983,1063,1383,190
Deferred revenue8,6287,7177,4366,6616,5316,363
Debt5081,2571,2532,2521,7541,005
Other liabilities3,1853,2623,2543,6403,3133,478
Total current liabilities:15,68615,48415,34115,65914,73614,036
Noncurrent Liabilities
Long-term debt and lease obligation9,2479,2459,2439,2399,74110,491
Long-term debt, excluding current maturities9,2479,2459,2439,2399,74110,491
Liabilities, other than long-term debt8,1458,2808,4338,5678,6238,335
Other liabilities8,1458,2808,4338,5678,6238,335
Total noncurrent liabilities:17,39217,52517,67617,80618,36418,826
Total liabilities:33,07833,00933,01733,46533,10032,862
Equity
Equity, attributable to parent19,47819,08718,56817,65117,38118,014
Common stock482482482482482482
Treasury stock, value(21,077)(20,796)(20,721)(20,638)(20,632)(19,837)
Additional paid in capital3,6143,5623,5563,5113,4663,434
Accumulated other comprehensive loss(1,695)(1,930)(2,152)(2,478)(2,153)(1,865)
Retained earnings38,15437,76937,40336,77436,21835,800
Total equity:19,47819,08718,56817,65117,38118,014
TOTAL LIABILITIES AND EQUITY:52,55652,09651,58551,11650,48150,876

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues10,1529,88110,8519,9759,1899,392
Cost of revenue(8,538)(8,304)(8,288)(8,257)(7,548)(7,808)
Gross profit:1,6141,5772,5631,7181,6411,584
Operating expenses(652)(639)(1,336)(620)(663)(676)
Operating income:9629381,2271,098978908
Nonoperating income133396414039
Other nonoperating income1333 414039
Other undisclosed loss from continuing operations before equity method investments, income taxes   (391)   
Income from continuing operations before equity method investments, income taxes:9759719321,1391,018947
Other undisclosed income (loss) from continuing operations before income taxes(89)(91)279(86)(95)(98)
Income from continuing operations before income taxes:8868801,2111,053923849
Income tax expense(142)(150)(219)(151)(157)(119)
Income from continuing operations:744730992902766730
Income before gain (loss) on sale of properties:902766730
Net income available to common stockholders, diluted:744730992902766730

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:744730992902766730
Other comprehensive income (loss)235222326(325)(288)55
Comprehensive income, net of tax, attributable to parent:9799521,318577478785

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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