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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:2,8249029632,9832,3002,8004,400
Cash and cash equivalents2,8249029632,9832,3342,7854,388
Other undisclosed cash, cash equivalents, and short-term investments    (34)1512
Receivables11,18511,40110,3358,8573,6113,4464,050
Inventory, net of allowances, customer advances and progress billings5,7456,3065,9775,3033,5233,3663,221
Inventory5,7456,3065,9775,3033,5233,3663,221
Other current assets1,7891,1719141,1856976171,157
Other undisclosed current assets    5,3164,3424,579
Total current assets:21,54319,78018,18918,32815,44714,57117,407
Noncurrent Assets
Property, plant and equipment5,100 4,3483,5173,4673,4663,329
Intangible assets, net (including goodwill)22,17021,99222,17912,61612,12312,20612,643
Goodwill20,05319,67719,59411,91411,44511,44311,731
Intangible assets, net (excluding goodwill)2,1172,3152,585702678763912
Other noncurrent assets2,4952,5946925851,8351,7541,976
Other undisclosed noncurrent assets 4,475     
Total noncurrent assets:29,76529,06127,21916,71817,42517,42617,948
TOTAL ASSETS:51,30848,84145,40835,04632,87231,99735,355
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9523,1623,1793,2072,5381,9642,775
Accounts payable2,9523,1623,1793,2072,5381,9642,057
Employee-related liabilities      718
Deferred revenue6,276 
Debt3,0032,9209732900501501
Deferred tax liabilities    729
Customer advances and deposits7,2706,9924,9395,6747,335
Other liabilities3,7333,5713,3172,8984,4694,3063,858
Other undisclosed current liabilities 7,148    (1,447)
Total current liabilities:15,96416,80114,73913,09912,84612,44513,751
Noncurrent Liabilities
Long-term debt and lease obligation9,9959,01011,4443,9802,9882,8983,410
Long-term debt, excluding current maturities9,9959,01011,4443,9802,9882,8983,410
Liabilities, other than long-term debt9,6889,4537,4936,5326,0625,91611,660
Customer advances or deposits   617
Deferred tax liabilities, net    82
Liability, pension and other postretirement and postemployment benefits      4,596
Other liabilities9,6889,4537,4936,5326,0625,9166,365
Other undisclosed noncurrent liabilities      (5,295)
Total noncurrent liabilities:19,68318,46318,93710,5129,0508,8149,775
Total liabilities:35,64735,26433,67623,61121,89621,25923,526
Stockholders' equity
Stockholders' equity attributable to parent15,66113,57711,73211,43510,97610,73811,829
Common stock482482482482482482482
Treasury stock, value(17,893)(17,358)(17,244)(15,543)(14,156)(12,392)(9,396)
Additional paid in capital3,1243,0392,9462,8722,8192,7302,548
Accumulated other comprehensive loss(3,550)(4,219)(3,778)(2,820)(3,396)(3,286)(2,932)
Retained earnings33,49831,63329,32626,44425,22723,20421,127
Total stockholders' equity:15,66113,57711,73211,43510,97610,73811,829
TOTAL LIABILITIES AND EQUITY:51,30848,84145,40835,04632,87231,99735,355

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues37,92539,35036,19330,97331,35331,46930,852
Revenue, net30,97331,35331,46930,852
Cost of revenue(30,722)(32,291)(29,478)(24,786)(25,104)(25,339)(24,979)
Cost of goods and services sold (32,291)(29,478)(24,786)(25,104)(25,339)(24,979)
Gross profit:7,2037,0596,7156,1876,2496,1305,873
Operating expenses(3,070)(2,411)(2,258)(2,010)(1,940)(1,952)(2,480)
Other undisclosed operating income      496
Operating income:4,1334,6484,4574,1774,3094,1783,889
Nonoperating income9426217212216
Investment income, nonoperating1212181481517
Other nonoperating income (expense)8214(16)3137(1)
Interest and debt expense(489)(472)(374)(117)(99)(98)(103)
Income from continuing operations before income taxes:3,7384,2024,0854,0774,2314,1023,802
Income tax expense(571)(718)(727)(1,165)(1,169)(1,137)(1,129)
Income from continuing operations:3,1673,4843,3582,9123,0622,9652,673
Loss from discontinued operations  (13) (107) (140)
Net income available to common stockholders, diluted:3,1673,4843,3452,9122,9552,9652,533

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3,1673,4843,3452,9122,9552,9652,533
Other comprehensive income (loss)268(441)(320)567(110)(354)(1,747)
Comprehensive income, net of tax, attributable to parent:3,4353,0433,0253,4792,8452,611786

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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