Stock Analysis on Net
Stock Analysis on Net
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General Dynamics Corp. (NYSE:GD)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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General Dynamics Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Short-term debt and current portion of long-term debt 5.98 2.14 0.01 2.74 1.57
Accounts payable 6.47 7.00 9.15 7.72 6.14
Customer advances and deposits 14.64 16.01 19.95 15.02 17.73
Salaries and wages 1.93 2.10 2.24 2.11 2.03
Workers’ compensation 0.63 0.54 0.91 1.03 1.15
Retirement benefits 0.61 0.60 0.84 0.92 0.95
Current operating lease liabilities 0.52 0.00 0.00 0.00 0.00
Fair value of cash flow hedges 0.07 0.31 0.51 1.58 2.44
Deferred income taxes 0.00 0.00 0.00 3.83 2.59
Other 3.57 3.76 3.76 4.12 4.30
Other current liabilities 7.31% 7.30% 8.27% 13.60% 13.46%
Current liabilities 34.40% 32.46% 37.38% 39.08% 38.89%
Long-term debt, excluding current portion 18.45 25.20 11.36 9.09 9.06
Retirement benefits 10.59 9.74 12.58 13.36 13.29
Noncurrent operating lease liabilities 2.56 0.00 0.00 0.00 0.00
Customer deposits on commercial contracts 1.45 1.60 2.32 1.27 1.58
Deferred income taxes 0.98 1.27 0.70 0.22 0.23
Other 3.77 3.89 3.04 3.59 3.39
Other liabilities 19.35% 16.50% 18.64% 18.44% 18.49%
Noncurrent liabilities 37.80% 41.70% 29.99% 27.53% 27.55%
Total liabilities 72.20% 74.16% 67.37% 66.61% 66.44%
Common stock 0.99 1.06 1.38 1.47 1.51
Surplus 6.22 6.49 8.19 8.58 8.53
Retained earnings 64.77 64.58 75.46 76.74 72.52
Treasury stock -35.54 -37.98 -44.35 -43.06 -38.73
Accumulated other comprehensive loss -8.64 -8.32 -8.05 -10.33 -10.27
Shareholders’ equity 27.80% 25.84% 32.63% 33.39% 33.56%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2020-02-10), 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. General Dynamics Corp.’s current liabilities as a percentage of total liabilities and shareholders’ equity decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. General Dynamics Corp.’s noncurrent liabilities as a percentage of total liabilities and shareholders’ equity increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. General Dynamics Corp.’s total liabilities as a percentage of total liabilities and shareholders’ equity increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. General Dynamics Corp.’s shareholders’ equity as a percentage of total liabilities and shareholders’ equity decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.