Common-Size Balance Sheet: Assets
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
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GE Aerospace, common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Cash, cash equivalents and restricted cash
- This category experienced a decline from 14.45% in 2020 to 7.93% in 2021, followed by a gradual increase, reaching 11.06% by 2024. This indicates an initial reduction in liquid assets, later partially recovered over the subsequent years.
- Investment securities
- Investment securities showed an initial rise from 2.89% in 2020 to 6.18% in 2021, but then decreased steadily to 0.8% in 2024 as a percentage of total assets, suggesting a strategic reduction or reallocation in this category over time.
- Current receivables
- This component increased from 6.59% in 2020 to a peak of 9.57% in 2022, then declined to 7.57% by 2024, reflecting variability in receivables management or sales on credit.
- Inventories, including deferred inventory costs
- Inventory levels increased from 6.27% in 2020, peaking at 10.14% in 2023, before declining to 7.93% in 2024. This may indicate buildup and later normalization of stock levels.
- Current contract assets
- There was a slight increase from 2.27% in 2020 to 2.45% in 2021, then a drop to 0.92% in 2023, followed by a recovery to 2.42% in 2024. This pattern may reflect fluctuations in contract-related revenue recognition or project timing.
- Current assets
- Total current assets remained relatively stable from 34.88% in 2020 to a peak of 36.68% in 2023, then decreased to 30.56% in 2024, reflecting changes in the composition or management of liquid and short-term assets.
- Investment securities (non-current)
- Non-current investment securities increased notably from 16.79% in 2020 to 30.65% in 2024, signifying a strategic focus on longer-term investment assets as a share of total assets.
- Property, plant and equipment, net
- There was a significant decrease in property, plant, and equipment from 16.44% in 2020 to 5.05% in 2024, indicating possible asset disposals, depreciation, or changes in operational asset intensity.
- Right-of-use (ROU) operating lease assets
- ROU assets remained fairly stable between 1.18% and 1.31% initially, then declined to 0.86% in 2024, which may point to adjustments in lease arrangements or lease portfolio size.
- Goodwill
- Goodwill increased from 10.07% in 2020, peaking at 13.74% in 2022, then declined significantly to 6.93% in 2024. This suggests impairment charges, divestitures, or revaluation of acquired intangible assets.
- Other intangible assets, net
- Other intangible assets showed a slight decrease from 3.86% in 2020 to 3.46% in 2024, indicating either amortization or limited new intangible asset acquisitions.
- Contract and other deferred assets
- This category exhibited a steady increase from 2.32% in 2020 to 3.92% in 2024, possibly linked to growing deferred costs or accrued revenues.
- All other assets
- All other assets rose from 5.76% in 2020 to 11.3% in 2024, showing a substantial increase that may be attributed to miscellaneous or less categorized asset growth.
- Deferred income taxes
- Deferred income taxes increased from 4.77% in 2020 to a peak of 6.49% in 2023, then slightly decreased to 5.77% in 2024, reflecting timing differences in tax recognition.
- Assets of discontinued operations
- These assets fluctuated modestly around 1.3% to 1.6%, showing minor shifts related to businesses held for discontinuation or disposal.
- Non-current assets
- Non-current assets remained stable around 65% to 66% initially, dipped to 63.32% in 2023, then increased to 69.44% in 2024, indicating variance in long-term asset holdings relative to total assets.