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General Dynamics Corp. (GD)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Difficulty: Beginner

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

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Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015 Dec 31, 2014 Sep 28, 2014 Jun 29, 2014 Mar 30, 2014
Short-term debt and current portion of long-term debt 10.32 4.42 2.14 3.57 6.11 6.71 0.01 2.59 2.93 2.71 2.74 0.00 1.69 1.58 1.57 1.52 0.01 0.00 1.42 1.42 1.46 1.46
Accounts payable 5.95 6.34 7.00 6.46 6.43 7.66 9.15 7.78 7.75 7.43 7.72 6.97 6.70 6.78 6.14 7.24 6.76 6.59 5.82 6.77 7.24 6.44
Customer advances and deposits 13.97 14.10 16.01 15.60 15.31 19.06 19.95 18.93 20.19 20.13 15.02 16.07 16.89 17.54 17.73 17.80 18.14 18.87 20.75 22.63 19.50 18.91
Other current liabilities 7.24 7.55 7.30 7.77 7.30 7.52 8.27 8.53 9.09 9.37 13.60 13.37 12.92 13.29 13.46 13.40 12.86 12.67 10.91 10.73 10.31 9.90
Current liabilities 37.47% 32.41% 32.46% 33.41% 35.15% 40.95% 37.38% 37.83% 39.96% 39.64% 39.08% 36.41% 38.20% 39.19% 38.89% 39.96% 37.76% 38.13% 38.89% 41.55% 38.51% 36.71%
Long-term debt, excluding current portion 18.67 24.12 25.20 24.28 24.17 10.70 11.36 11.40 8.85 9.00 9.09 11.89 9.13 9.14 9.06 8.83 10.14 9.92 9.65 9.66 9.93 9.92
Other liabilities 17.07 17.69 16.50 15.15 15.24 16.72 18.64 17.65 18.79 19.50 18.44 17.06 18.07 18.29 18.49 18.67 18.60 18.45 18.00 11.95 13.35 13.55
Noncurrent liabilities 35.74% 41.82% 41.70% 39.43% 39.42% 27.41% 29.99% 29.05% 27.63% 28.49% 27.53% 28.95% 27.19% 27.43% 27.55% 27.50% 28.73% 28.36% 27.65% 21.61% 23.28% 23.47%
Total liabilities 73.21% 74.23% 74.16% 72.84% 74.56% 68.37% 67.37% 66.88% 67.59% 68.13% 66.61% 65.36% 65.39% 66.62% 66.44% 67.45% 66.49% 66.50% 66.54% 63.16% 61.79% 60.18%
Common stock 1.00 1.02 1.06 1.03 1.02 1.30 1.38 1.38 1.43 1.45 1.47 1.48 1.52 1.52 1.51 1.46 1.43 1.40 1.36 1.37 1.40 1.40
Surplus 6.16 6.19 6.49 6.20 6.08 7.58 8.19 8.14 8.27 8.32 8.58 8.54 8.68 8.64 8.53 8.18 7.90 7.53 7.21 6.99 7.03 6.76
Retained earnings 63.01 62.74 64.58 61.09 59.63 74.17 75.46 74.63 75.60 75.42 76.74 75.49 76.22 74.72 72.52 68.69 65.80 62.86 59.76 58.43 58.67 57.61
Treasury stock -36.15 -36.41 -37.98 -34.01 -33.74 -42.30 -44.35 -43.44 -44.24 -43.50 -43.06 -42.01 -42.47 -42.22 -38.73 -36.13 -32.43 -28.93 -26.58 -26.15 -25.68 -22.46
Accumulated other comprehensive loss -7.23 -7.76 -8.32 -7.16 -7.55 -9.11 -8.05 -7.59 -8.65 -9.82 -10.33 -8.85 -9.33 -9.28 -10.27 -9.66 -9.19 -9.35 -8.29 -3.79 -3.22 -3.50
Shareholders’ equity 26.79% 25.77% 25.84% 27.16% 25.44% 31.63% 32.63% 33.12% 32.41% 31.87% 33.39% 34.64% 34.61% 33.38% 33.56% 32.55% 33.51% 33.50% 33.46% 36.84% 38.21% 39.82%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29), 10-K (filing date: 2015-02-09), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).

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 declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 exceeding Q4 2018 level.
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 Q4 2018 to Q1 2019 but then declined significantly from Q1 2019 to Q2 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 Q4 2018 to Q1 2019 but then declined significantly from Q1 2019 to Q2 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 declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 exceeding Q4 2018 level.