General Dynamics Corporation (GD) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:1,6032,8249029632,9832,3002,800
Cash and cash equivalents1,6032,8249029632,9832,3342,785
Other undisclosed cash, cash equivalents, and short-term investments     (34)15
Receivables11,53911,18511,40110,3358,8573,6113,446
Inventory, net of allowances, customer advances and progress billings5,3405,7456,3065,9775,3033,5233,366
Inventory5,3405,7456,3065,9775,3033,5233,366
Other current assets1,5051,7891,1719141,185697617
Other undisclosed current assets     5,3164,342
Total current assets:19,98721,54319,78018,18918,32815,44714,571
Noncurrent Assets
Property, plant and equipment5,4175,100 4,3483,5173,4673,466
Intangible assets, net (including goodwill)22,07622,17021,99222,17912,61612,12312,206
Goodwill20,09820,05319,67719,59411,91411,44511,443
Intangible assets, net (excluding goodwill)1,9782,1172,3152,585702678763
Other noncurrent assets2,5932,4952,5946925851,8351,754
Other undisclosed noncurrent assets  4,475    
Total noncurrent assets:30,08629,76529,06127,21916,71817,42517,426
TOTAL ASSETS:50,07351,30848,84145,40835,04632,87231,997
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,1672,9523,1623,1793,2072,5381,964
Accounts payable3,1672,9523,1623,1793,2072,5381,964
Deferred revenue6,2666,276 
Debt1,0053,0032,9209732900501
Customer advances and deposits7,2706,9924,9395,674
Other liabilities3,5403,7333,5713,3172,8984,4694,306
Other undisclosed current liabilities  7,148    
Total current liabilities:13,97815,96416,80114,73913,09912,84612,445
Noncurrent Liabilities
Long-term debt and lease obligation10,4909,9959,01011,4443,9802,9882,898
Long-term debt, excluding current maturities10,4909,9959,01011,4443,9802,9882,898
Liabilities, other than long-term debt7,9649,6889,4537,4936,5326,0625,916
Other liabilities7,9649,6889,4537,4936,5326,0625,916
Total noncurrent liabilities:18,45419,68318,46318,93710,5129,0508,814
Total liabilities:32,43235,64735,26433,67623,61121,89621,259
Stockholders' equity
Stockholders' equity attributable to parent17,64115,66113,57711,73211,43510,97610,738
Common stock482482482482482482482
Treasury stock, value(19,619)(17,893)(17,358)(17,244)(15,543)(14,156)(12,392)
Additional paid in capital3,2783,1243,0392,9462,8722,8192,730
Accumulated other comprehensive loss(1,920)(3,550)(4,219)(3,778)(2,820)(3,396)(3,286)
Retained earnings35,42033,49831,63329,32626,44425,22723,204
Total stockholders' equity:17,64115,66113,57711,73211,43510,97610,738
TOTAL LIABILITIES AND EQUITY:50,07351,30848,84145,40835,04632,87231,997

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues38,46937,92539,35036,19330,97331,35331,469
Revenue, net30,97331,35331,469
Cost of revenue(31,171)(30,722)(32,291)(29,478)(24,786)(25,104)(25,339)
Cost of goods and services sold  (32,291)(29,478)(24,786)(25,104)(25,339)
Gross profit:7,2987,2037,0596,7156,1876,2496,130
Operating expenses(3,135)(3,070)(2,411)(2,258)(2,010)(1,940)(1,952)
Operating income:4,1634,1334,6484,4574,1774,3094,178
Nonoperating income14194262172122
Investment income, nonoperating712121814815
Other nonoperating income (expense)1348214(16)3137
Interest and debt expense(431)(489)(472)(374)(117)(99)(98)
Income from continuing operations before income taxes:3,8733,7384,2024,0854,0774,2314,102
Income tax expense(616)(571)(718)(727)(1,165)(1,169)(1,137)
Income from continuing operations:3,2573,1673,4843,3582,9123,0622,965
Loss from discontinued operations   (13) (107) 
Net income available to common stockholders, diluted:3,2573,1673,4843,3452,9122,9552,965

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:3,2573,1673,4843,3452,9122,9552,965
Other comprehensive income (loss)1,630268(441)(320)567(110)(354)
Comprehensive income, net of tax, attributable to parent:4,8873,4353,0433,0253,4792,8452,611

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: