Stock Analysis on Net
Stock Analysis on Net

General Dynamics Corp. (NYSE:GD)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 28, 2020.

Common-Size Balance Sheet: Assets

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General Dynamics Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Cash and equivalents
Accounts receivable
Unbilled receivables
Inventories
Other current assets
Current assets
Property, plant and equipment, net
Intangible assets, net
Goodwill
Other assets
Noncurrent assets
Total assets

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).

Cash and equivalents
The proportion of cash and equivalents relative to total assets declined steadily from 8.7% in 2015 to 1.85% in 2019, indicating a significant reduction in liquid assets over the analyzed period.
Accounts receivable
Accounts receivable as a percentage of total assets initially increased slightly from 10.77% in 2015 to 10.99% in 2016, followed by a gradual decrease to 7.26% by 2019, suggesting improved collection or decreased credit sales.
Unbilled receivables
Unbilled receivables showed a fluctuating but generally increasing trend, rising from 13.62% in 2015 to a peak of 16.09% in 2019 after a slight dip in 2018, which may reflect growing work in progress or timing differences in revenue recognition.
Inventories
Inventory levels increased notably from 10.52% in 2015 to a peak of 15.13% in 2017, then declined moderately to 12.91% by 2019, indicating variability in stock management possibly related to demand or operational changes.
Other current assets
This category exhibited minor fluctuations, rising from 1.93% in 2015 to a high of 3.38% in 2017, before stabilizing near 2.4% in 2019, suggesting limited impact on overall asset composition.
Current assets
The share of current assets in total assets increased from 45.54% in 2015, peaking at 52.3% in 2017, then declined significantly to around 40.5% by 2019, reflecting a shift from short-term to long-term asset holdings in recent years.
Property, plant and equipment, net
Net property, plant and equipment steadily decreased from 10.83% in 2015 to 9.16% in 2019, indicating possible asset disposals, depreciation outpacing acquisitions, or operational restructuring.
Intangible assets, net
Intangible assets remained relatively stable with a slight decline from 2.38% in 2015 to around 2% in 2017, followed by a marked increase to 5.69% in 2018 before a slight decrease to 4.74% in 2019, highlighting possible acquisitions or revaluations in the latter years.
Goodwill
Goodwill constituted a significant portion of total assets, slightly decreasing from 35.76% in 2015 to 34% in 2017, then rising sharply to 43.15% in 2018 before moderating to 40.29% in 2019, indicative of acquisitions or business combinations during this timeframe.
Other assets
Other assets maintained a relatively small and stable share, fluctuating between 1.52% and 5.58%, with an increase noted in 2019 to 5.31%, which may point to variations in miscellaneous or non-traditional asset holdings.
Noncurrent assets
The proportion of noncurrent assets decreased from 54.46% in 2015 to 47.7% in 2017 but then increased sharply to nearly 60% in 2018 and 2019, reflecting an increased emphasis on longer-term investments and asset acquisition.
Total assets
Total assets are consistently represented as 100%, serving as the denominator for all percentages and confirming the internal consistency of the data.