Common-Size Balance Sheet: Assets
Quarterly Data
GE Aerospace, common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-09-30), 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
- The proportion of cash and equivalents relative to total assets showed a declining trend from early 2020, decreasing from 18.05% to a low around 6.69% by early 2022. After this trough, there was a moderate recovery through 2023 and into 2024, reaching approximately 11.25% in mid-2024, followed by a slight decline thereafter.
- Investment securities (current and total)
- Investment securities as a percentage of total assets initially were not recorded in early 2020 but appeared at 2.89% by late 2020 in the current category, peaking in early 2023 at 7.79% before declining to below 1% by mid-2025. In the overall category, investment securities maintained a relatively stable portion of total assets between 16% and 23% through 2020 to 2023, then significantly increased to over 30% starting in early 2024, showing a growing emphasis on investment securities in the portfolio towards later periods.
- Current receivables
- Current receivables displayed minor fluctuations over the period, generally increasing from around 6.46% in early 2020 to a peak of approximately 9.57% in late 2022, followed by some variability and a gradual decrease to near 6.79% by mid-2024, then moderate stabilization in the final periods.
- Inventories, including deferred inventory costs
- Inventory levels showed a steady rising trend from early 2020 (5.9%) to a high around 10.86% by late 2023, followed by a slight dip and stabilization near 9.1% by mid-2025. This indicates increasing capital tied in inventory assets over the analyzed timeframe.
- Current contract assets
- Current contract assets appeared in the data starting in late 2020 at approximately 2.27%, fluctuated mildly around 2% to 2.5% until early 2023, then decreased below 1% in early 2024, and again increased back to around 2.4% by mid-2025, reflecting some cyclicality possibly related to contract execution phases.
- Assets of businesses held for sale
- There was a notable increase in assets of businesses held for sale from negligible amounts in early 2020 to a peak near 14.25% by late 2021. After this, the proportion declined sharply and disappeared from the data from mid-2024 onwards, suggesting completed divestitures or reclassifications.
- Current assets overall
- The percentage of current assets relative to total assets rose notably from around 30.6% in early 2020 to a peak exceeding 46% in early 2021, then declined to a more stable range between 30% and 36% from 2022 through 2025, indicating shifting asset allocations between short-term and long-term holdings.
- Property, plant and equipment, net
- Property, plant, and equipment showed a decline from approximately 17.55% in early 2020 to around 7.85% by late 2021, maintaining a relatively stable level near 7% through early 2024, before declining further to around 5.9% by mid-2025, indicating possible asset sales or depreciation outpacing additions.
- Goodwill
- Goodwill as a percentage of assets increased somewhat in the period from 10.15% in early 2020 to peaks above 13% through 2021 and 2022. However, a sharp drop occurred in early 2023 to below 8%, followed by marginal fluctuations about 7% through mid-2025, suggesting impairments or disposals impacting intangible asset valuations.
- Other intangible assets, net
- Other intangible assets remained relatively stable, fluctuating narrowly between approximately 3.3% and 4.7% of total assets throughout the period, with a slight downward tendency toward the later years.
- Contract and other deferred assets
- These assets declined significantly from over 6% in early 2020 to around 2.3% by the end of that year, then stabilized near 3% with minor variations through 2025, suggesting changes in revenue recognition or contract accounting practices.
- All other assets
- The category increased steadily from about 6% in early 2020 to a level exceeding 12% by mid-2025, indicating growing exposure to miscellaneous or unclassified asset types.
- Deferred income taxes
- The proportion of deferred income tax assets rose modestly from 3.99% to near 6.5% through 2021, maintained this elevated level for some time, and then gradually declined to near 5.3% by mid-2025, implying changes in tax positions or timing differences in income recognition.
- Assets of discontinued operations
- These remained a relatively small portion of total assets around 1.4% throughout the period, with some fluctuations but no major trend changes, reflecting a steady level of discontinued operations.
- Non-current assets overall
- Non-current assets showed a decrease from roughly 70% in early 2020 to a low near 53% by early 2021, then recovered gradually back toward 70% by late 2024. This pattern reflects dynamic shifts in asset classification and possible restructuring or rebalancing between current and non-current assets.