Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

GE Aerospace, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Sep 30, 2025 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
Short-term borrowings
Accounts payable
Progress collections
Contract liabilities and deferred income
Progress collections and current deferred income (legacy)
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-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).


Short-term Borrowings
The short-term borrowings show a general declining trend from early 2020 through the end of 2023, reaching a low point around December 2023. However, there is a slight increase starting in 2024, indicating a modest rise in short-term debt obligations towards the latter periods observed.
Accounts Payable
Accounts payable remain relatively stable with some moderate fluctuations. The amounts generally stay within a consistent range from 2020 through 2023, but a notable decrease occurs in 2024, suggesting a reduction in payables, possibly reflecting changes in supplier payment terms or reduced procurement.
Progress Collections and Contract Liabilities
Progress collections and related contract liabilities which represent customer advances and deferred income show data available only from 2024 onwards. These show a steady increase, indicating growing deferred revenue or customer deposits in recent periods.
Other Current Liabilities
This category demonstrates a declining trend from 2020 to mid-2024, followed by a slight increase towards the end of the observed timeline. The significant drop in 2024 suggests a reduction in miscellaneous current liabilities, which could relate to operational improvements or settlement of short-term obligations.
Current Liabilities
Current liabilities exhibit a substantial decrease starting late 2021 and continuing into 2024 compared to earlier years. This decline represents improved liquidity management or a strategic reduction of short-term financial obligations. However, there is a modest rebound near the end of the timeline.
Long-term Borrowings
Long-term borrowings peak around mid-2020, then show a marked decline, particularly from late 2021 onward, maintaining a downward trajectory with some minor fluctuations. This implies active deleveraging or refinancing activities aimed at reducing long-term debt burden over the period covered.
Insurance Liabilities and Annuity Benefits
These liabilities exhibit variability but generally trend downward from 2020 to around 2024, with intermittent increases. The fluctuation suggests changing valuation or changes in insurance-related obligations, possibly in line with underwriting or risk management activities.
Non-current Compensation and Benefits
A clear downward trend is observed in non-current compensation and benefits liabilities, falling significantly over the years. This reduction may indicate benefit plan changes, reduced workforce liabilities, or remeasurement of long-term employee compensation obligations.
All Other Liabilities
Other long-term liabilities gradually decrease through the timeline, with periodic modest increases. The general decline points towards a reduction in miscellaneous long-term obligations.
Total Liabilities
Total liabilities decline steadily from early 2020 through 2025, reflecting an overall decrease in debt and obligations. The sharpest declines occur after 2021, consistent with the reductions seen in both short-term and long-term borrowings as well as current liabilities.
Equity Components
Shareholders’ equity peaks in late 2021 before declining significantly through 2022 and 2023, followed by stabilization and minor fluctuations in 2024 and 2025. Retained earnings follow a similar pattern of fluctuation but show a gradual increase towards the end of the period. Common stock remains largely unchanged in nominal terms, while treasury stock exhibits increasing negative balances, indicating continued share buyback activity over the years.
Accumulated Other Comprehensive Income (Loss)
This line item shows notable volatility with a significant negative position throughout the timeline, indicating recurring losses in comprehensive income components such as foreign currency translation, pension liabilities, or unrealized securities gains/losses.
Total Equity
Total equity trends mirror shareholders' equity movements, peaking in late 2021 and subsequently declining through 2023 before leveling off. This suggests a period of less favorable performance or financial adjustments impacting overall equity value.
Total Liabilities and Equity
The total of liabilities and equity declines from 2020 through 2023, reflecting the contraction of balance sheet size. This is followed by stabilization and moderate growth in 2024 and 2025, indicating possible recovery or expansion in asset base and financing activities.