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General Dynamics Corp. pages available for free this week:
- Income Statement
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Aggregate Accruals
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Inventory Disclosure
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Work in process | |||||||||||
Raw materials | |||||||||||
Finished goods | |||||||||||
Pre-owned aircraft | |||||||||||
Inventories |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
The financial data reveals several key trends in the inventories and their components from 2015 to 2019. Overall, the total value of inventories shows a consistent upward trajectory, increasing each year from 3,366 million US dollars in 2015 to 6,306 million US dollars in 2019, indicating a steady buildup of inventory assets over the five-year period.
- Work in Process
- This component demonstrates a notable increase, starting at 1,889 million US dollars in 2015 and more than doubling by 2019 to 4,419 million US dollars. The rise is particularly significant between 2016 and 2017, where it nearly doubled from 2,058 to 3,872 million US dollars, continuing to grow at a slower pace in the following years. This trend suggests increased production activity or accumulation of partially completed products during these years.
- Raw Materials
- Raw materials values fluctuate moderately but follow an overall upward trend. Beginning at 1,376 million US dollars in 2015, it sees a slight dip in 2017 to 1,357 million US dollars, then recovers and rises steadily to reach 1,733 million US dollars in 2019. These changes may reflect adjustments to procurement strategies or inventory management responses to production needs.
- Finished Goods
- The finished goods inventory remains relatively stable with minor fluctuations. Values oscillate between 28 and 51 million US dollars across the years, peaking in 2017 at 51 million US dollars but dropping back to near initial levels by 2019. The relatively low and steady level may indicate efficient sales or turnover of finished goods inventory.
- Pre-owned Aircraft
- This category exhibits low and variable values, starting at 73 million US dollars in 2015, decreasing sharply to 22 million in 2016, then gradually increasing to 124 million US dollars by 2019. The significant fluctuation and overall increase in the later years highlight changes in the company's dealings or holdings of pre-owned aircraft inventory.
In summary, the data reflects a substantial increase in work in process inventory, contributing largely to the growth in total inventories. Raw materials inventory shows a moderate increase with some yearly variability, while finished goods inventory remains relatively constant at low levels. Pre-owned aircraft inventory presents fluctuating but generally increasing values, possibly reflecting strategic inventory management decisions or changing market conditions. Overall, the inventory buildup suggests increasing production volume or a strategic accumulation of inventory assets over the observed period.