Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Paying user area
Try for free
GE Aerospace pages available for free this week:
- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to GE Aerospace for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
GE Aerospace, common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2025-12-31), 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).
The composition of liabilities and stockholders’ equity exhibited notable shifts between 2021 and 2025. Total liabilities increased as a percentage of total liabilities and equity, while stockholders’ equity decreased over the same period. A closer examination of individual line items reveals the drivers behind these changes.
- Current Liabilities
- Current liabilities as a percentage of the total initially rose from 26.12% in 2021 to a peak of 31.20% in 2023, before declining to 29.95% in 2025. Within this category, accounts payable increased significantly from 8.17% to 9.93% in 2022, then decreased to 7.74% in 2025. Progress collections also showed an increase, peaking at 11.72% in 2023, before falling back to 5.89% in 2025. A substantial increase was observed in contract liabilities and deferred income, rising from 0.92% to 7.94% in 2025. Sales discounts and allowances emerged in 2024, representing 2.82% and increasing to 3.10% in 2025.
- Non-Current Liabilities
- Non-current liabilities demonstrated a general upward trend, increasing from 52.95% in 2021 to 56.18% in 2024, and settling at 55.54% in 2025. Insurance liabilities and annuity benefits experienced a considerable rise, growing from 18.69% to 29.40% in 2024, before decreasing slightly to 28.34% in 2025. Non-current compensation and benefits decreased steadily throughout the period, from 10.66% to 5.25% in 2025. Liabilities of discontinued operations showed a modest increase, from 0.45% to 1.09% in 2025.
- Total Liabilities
- Total liabilities increased consistently as a percentage of total liabilities and equity, rising from 79.08% in 2021 to 85.48% in 2025. This indicates a growing reliance on debt financing or an increase in obligations relative to equity.
- Stockholders’ Equity
- Stockholders’ equity decreased from 20.27% in 2021 to 14.35% in 2025. This decline was primarily driven by a significant increase in common stock held in treasury, moving from -40.78% to -67.45% over the period. Retained earnings increased substantially, from 42.80% to 67.35% in 2025, but this increase was not sufficient to offset the impact of treasury stock. Accumulated other comprehensive income (loss) showed a negative balance throughout the period, becoming more negative over time, from 0.80% to -3.69% in 2025. Other capital remained relatively stable, fluctuating between 16.54% and 19.71%.
- Noncontrolling Interests
- Noncontrolling interests remained relatively consistent between 2021 and 2022 at 0.65%, then increased to 0.74% in 2023 before declining to 0.17% in 2025.
In summary, the company experienced a shift towards greater reliance on liabilities and a decrease in stockholders’ equity. The changes within current and non-current liabilities suggest evolving operational and financial strategies, while the trends in equity components highlight the impact of treasury stock activity and retained earnings growth.