Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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GE Aerospace, common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash, cash equivalents and restricted cash
Investment securities
Current receivables
Financing receivables, net
Inventories, including deferred inventory costs
Other GE Capital receivables
Current contract assets
All other current assets
Assets of businesses held for sale
Current assets
Investment securities
Financing receivables, net
Other GE Capital receivables
Property, plant and equipment, net
Goodwill
Other intangible assets, net
Contract and other deferred assets
All other assets
Deferred income taxes
Assets of discontinued operations
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Cash, cash equivalents and restricted cash
There is a general declining trend from 18.05% in March 2020 to a low of 6.69% in March 2022. Following this, a moderate recovery is seen with a peak of 11.25% in March 2024, before a slight decline towards 8.67% in June 2025. This indicates fluctuating liquidity levels over the periods.
Investment securities (current and overall)
Investment securities as a percentage of total assets show volatility. The current component starts with modest values around 2.75%-2.89% in 2020-2021, declining steadily to around 0.8% by mid-2025. The overall investment securities show a steady proportion near 16%-18% until late 2021, followed by a rise to above 30% in 2024, maintaining levels around 30% up to mid-2025, suggesting an increased portfolio of securities or reallocation of assets.
Current receivables
Current receivables remain relatively stable, fluctuating between approximately 6.25% and 9.57% of total assets. A mild upward trend is observable up to December 2022; however, a noticeable dip occurs in mid-2024, with percentages dropping below 7%, followed by a mild recovery towards 8.39% in mid-2025. This suggests some variability in accounts receivable or collection patterns.
Inventories, including deferred inventory costs
An upward trend is apparent from around 5.9% in early 2020 to a peak of approximately 10.86% in September 2023, indicating increased inventory holdings. After this peak, a moderate decline occurs with slight fluctuations, settling close to 9% by mid-2025. This pattern reflects possible inventory build-up followed by stabilization.
Current contract assets
These assets experience a rise from around 2.2% in early 2020 to a peak near 2.45% in late 2021, followed by a general decline down to around 0.92% in early 2024. Subsequently, the values rise again nearing 2.4% by early 2025, indicating fluctuations potentially related to contract recognition and service delivery timing.
Current assets
The total current assets show significant volatility. A marked increase is observed in early 2021, reaching above 46% of total assets, likely influenced by asset reclassification or operational changes. This is followed by a decline leveling around 30% in 2024 and 2025, reflecting normalization of current asset composition.
Property, plant and equipment, net
A distinct decline occurs from around 17.5% in early 2020 to below 7.5% in 2021, after which it stabilizes around 7% through early 2024. A further reduction is noted in 2024 to about 5.7%-6.0%, suggesting asset disposals, depreciation, or restructuring efforts in fixed assets.
Goodwill
Goodwill remains relatively stable between 9.7% and 10.7% until late 2021, followed by a spike up to 13.9% in late 2022. Subsequently, a decline is seen with values around 7%-8% in 2023 and mid-2025, which may indicate impairment charges or asset write-downs during this later period.
Other intangible assets, net
This category stays fairly stable around 3.4%-4.0% of total assets over the entire period, showing no significant volatility or structural changes.
Contract and other deferred assets
Starting at about 6.1% in early 2020, this item decreases sharply to near 2.3% in late 2020, then gently rises to roughly 3.9%-4.0% by late 2024 and early 2025, indicating possible changes in deferred revenue or asset recognition policies.
All other assets
This item fluctuates somewhat, increasing from approximately 6% in early 2020 to around 10%-11% in late 2021 onward, maintaining this higher level into 2025, which may indicate miscellaneous asset reclassifications or accumulation of less typical asset classes.
Deferred income taxes
Deferred income taxes rise from about 4% in early 2020 to a peak around 6.5% in 2023, before showing a gradual reduction toward 5.5% by mid-2025, consistent with potential changes in taxable temporary differences or tax planning strategies.
Assets of businesses held for sale
This category spikes dramatically in mid-2020 reaching approximately 14%, then sharply declines over the following quarters to below 1% by 2023, indicating divestitures or completion of sales processes.
Assets of discontinued operations
Maintains a relatively steady level between 1% and 1.7%, without notable trends, suggesting consistent treatment of discontinued operations.
Total assets composition
The company's asset structure shows a major shift in composition between current and non-current assets. Early 2020 exhibits around 30% current assets, increasing significantly to over 46% in early 2021, then stabilizing close to 30% onwards. Correspondingly, non-current assets decrease from around 70% to about 54% in early 2021 before stabilizing near 70% again by 2024, highlighting significant reclassification or restructuring in the asset base during 2020-2021.