Stock Analysis on Net
Stock Analysis on Net

GE Aerospace (NYSE:GE)

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Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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GE Aerospace, common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Short-term borrowings
Accounts payable
Progress collections
Contract liabilities and deferred income
Sales discounts and allowances
All other current liabilities
Liabilities of businesses held for sale
Current liabilities
Deferred income
Long-term borrowings
Insurance liabilities and annuity benefits
Non-current compensation and benefits
All other liabilities
Liabilities of discontinued operations
Non-current liabilities
Total liabilities
Preferred stock
Common stock
Accumulated other comprehensive income (loss), net attributable to the Company
Other capital
Retained earnings
Common stock held in treasury
Shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

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).

Short-term borrowings
The proportion of short-term borrowings relative to total liabilities and equity experienced fluctuations over the period. It increased from 1.89% in 2020 to a peak of 2.19% in 2021, then declined to 0.77% in 2023 before rising again to 1.66% in 2024.
Accounts payable
Accounts payable increased steadily from 6.5% in 2020 to a high of 9.93% in 2022, followed by a slight decline to 9.45% in 2023 and a more pronounced drop to 6.42% in 2024.
Progress collections
Progress collections rose from 6.49% in 2020 to 11.72% in 2023, indicating an increasing share of liabilities and equity. However, this ratio decreased substantially to 5.44% in 2024.
Contract liabilities and deferred income
Contract liabilities and deferred income maintained relatively low levels initially but surged sharply in 2024 to 7.6%, after modest increases between 2020 and 2022 and a dip in 2023.
Sales discounts and allowances
This item was only presented in 2024 at 2.82%, indicating its recent significance within total liabilities and equity.
All other current liabilities
All other current liabilities showed a gradual rise from 6.55% in 2020 to 7.8% in 2023, but decreased notably to 4% in 2024.
Liabilities of businesses held for sale
These liabilities appeared starting in 2022 at 1.04% and slightly increased to 1.12% in 2023, before being unreported in 2024.
Current liabilities
Total current liabilities as a percentage of total liabilities and equity rose significantly from 22.12% in 2020 to 31.2% in 2023, then declined to 27.93% in 2024, reflecting overall strengthened current obligations mid-period before slight easing.
Deferred income
Deferred income percentages increased moderately from 0.71% in 2020 to 1.07% in 2022, then settled at 0.82% in 2023 and remained stable in 2024.
Long-term borrowings
Long-term borrowings decreased markedly from 27.73% in 2020 to 12.09% in 2023, before a slight rebound to 14% in 2024, indicating active management of long-term debt obligations.
Insurance liabilities and annuity benefits
This category expanded steadily from 16.65% in 2020 to a substantial 29.4% in 2024, suggesting growing long-term insurance-related obligations.
Non-current compensation and benefits
Non-current compensation and benefits declined consistently from 11.74% in 2020 to 5.71% in 2024, indicating a reduction in long-term employee-related liabilities as a proportion of total liabilities and equity.
All other liabilities
These liabilities remained relatively steady, fluctuating slightly around 6.3-6.6% between 2020 and 2023, then decreasing to 5.18% in 2024.
Liabilities of discontinued operations
Liabilities of discontinued operations rose gradually from 0.08% in 2020 to 1.07% in 2024, suggesting an increasing share of liabilities associated with discontinued activities.
Non-current liabilities
Non-current liabilities showed a decrease from 63.25% in 2020 to 49.66% in 2022, then slightly increased to 56.18% in 2024, reflecting some variability but overall representing a large portion of total liabilities and equity.
Total liabilities
Total liabilities as a percentage of total liabilities and equity decreased from 85.37% in 2020 to 79.08% in 2021, then increased gradually to 84.11% in 2024, indicating liabilities remain dominant within the capital structure.
Preferred stock
There was no preferred stock reported throughout the period.
Common stock
Common stock remained minimal, around 0.01% or less throughout the years, indicating a negligible proportion of total liabilities and equity.
Accumulated other comprehensive income (loss)
This item fluctuated significantly, moving from a negative position of -3.85% in 2020 to a positive 0.8% in 2021, then returning to negative figures around -3.14% by 2024, indicating volatility in comprehensive income components.
Other capital
Other capital increased from 13.54% in 2020 to a peak of 19.71% in 2024, reflecting growth in additional equity components outside retained earnings and common stock.
Retained earnings
Retained earnings showed a strong upward trend, rising substantially from 36.4% in 2020 to 65.36% in 2024. This indicates significant accumulation of profits or reserves within equity.
Common stock held in treasury
Common stock held in treasury showed an increasing negative balance from -32.34% in 2020 to -66.24% in 2024, signaling a growing amount of treasury stock reducing total equity proportion.
Shareholders’ equity
Shareholders' equity increased from 14.03% in 2020 to 20.27% in 2021, then gradually declined to 15.71% by 2024, highlighting fluctuations with an overall slight downward trend toward the end.
Noncontrolling interests
Noncontrolling interests remained relatively low and stable, around 0.6-0.74% until a decrease to 0.18% in 2024.
Total equity
Total equity followed a similar pattern to shareholders' equity, peaking at 20.92% in 2021 before declining to 15.89% by 2024, indicating a decreasing equity share relative to total capital structure.
Total liabilities and equity
The percentages consistently summed to 100%, confirming the completeness of reported data each year.