Name: General Dynamics Corp. (NYSE:GD) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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General Dynamics Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Sep 27, 2020	Jun 28, 2020	Mar 29, 2020	Dec 31, 2019	Sep 29, 2019	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
Cash and equivalents	1,469)	2,300)	5,330)	902)	974)	702)	673)	963)	1,010)	1,862)	4,332)	2,983)	2,722)	1,856)	2,168)	2,334)	2,303)	1,899)	1,907)	2,785)	3,372)	4,032)	4,412)
Accounts receivable	3,863)	3,515)	3,547)	3,544)	3,489)	3,673)	3,718)	3,759)	3,736)	3,874)	3,769)	3,617)	3,391)	3,690)	3,483)	3,611)	3,502)	3,539)	3,654)	3,446)	3,796)	3,595)	3,661)
Unbilled receivables	8,143)	7,715)	7,938)	7,857)	8,077)	7,554)	7,367)	6,576)	7,564)	7,125)	5,865)	5,240)	5,609)	5,045)	4,557)	5,282)	5,213)	4,996)	4,705)	4,357)	4,215)	4,273)	4,444)
Inventories	6,402)	6,666)	6,852)	6,306)	6,573)	6,480)	6,185)	5,977)	6,247)	5,890)	5,543)	5,303)	5,781)	5,839)	5,822)	3,523)	3,657)	3,520)	3,504)	3,366)	3,239)	3,359)	3,397)
Other current assets	988)	939)	1,074)	1,171)	1,038)	1,148)	924)	914)	1,401)	1,076)	955)	1,185)	577)	696)	584)	697)	622)	432)	418)	617)	666)	514)	438)
Current assets	20,865)	21,135)	24,741)	19,780)	20,151)	19,557)	18,867)	18,189)	19,958)	19,827)	20,464)	18,328)	18,080)	17,126)	16,614)	15,447)	15,297)	14,386)	14,188)	14,571)	15,288)	15,773)	16,352)
Property, plant and equipment, net	4,863)	4,721)	4,537)	4,475)	4,217)	4,091)	4,054)	4,348)	4,244)	4,179)	3,533)	3,517)	3,461)	3,424)	3,412)	3,467)	3,445)	3,440)	3,477)	3,466)	3,370)	3,329)	3,323)
Intangible assets, net	2,162)	2,197)	2,259)	2,315)	2,376)	2,457)	2,518)	2,585)	2,667)	2,738)	702)	702)	715)	685)	679)	678)	715)	733)	759)	763)	800)	841)	893)
Goodwill	19,889)	19,718)	19,653)	19,677)	19,617)	19,662)	19,668)	19,594)	19,486)	19,738)	11,955)	11,914)	11,918)	11,679)	11,532)	11,445)	11,581)	11,572)	11,595)	11,443)	11,533)	11,644)	11,699)
Other assets	2,479)	2,451)	2,520)	2,594)	2,427)	2,307)	2,359)	692)	608)	670)	565)	585)	740)	879)	974)	1,835)	1,630)	1,638)	1,683)	1,754)	1,989)	2,067)	2,118)
Noncurrent assets	29,393)	29,087)	28,969)	29,061)	28,637)	28,517)	28,599)	27,219)	27,005)	27,325)	16,755)	16,718)	16,834)	16,667)	16,597)	17,425)	17,371)	17,383)	17,514)	17,426)	17,692)	17,881)	18,033)
Total assets	50,258)	50,222)	53,710)	48,841)	48,788)	48,074)	47,466)	45,408)	46,963)	47,152)	37,219)	35,046)	34,914)	33,793)	33,211)	32,872)	32,668)	31,769)	31,702)	31,997)	32,980)	33,654)	34,385)

Total assets exhibited a significant upward trajectory over the analyzed period, growing from 34,385 million USD in April 2015 to 50,258 million USD by September 2020. This growth was characterized by two primary drivers: a substantial increase in noncurrent assets resulting from a major capital event in early 2018 and a temporary surge in liquidity during the first quarter of 2020.

Current Asset Composition and Liquidity: Current assets grew from 16,352 million USD in April 2015 to 20,865 million USD in September 2020. A notable volatility is observed in cash and equivalents, which declined from 4,412 million USD in 2015 to a low of 673 million USD in December 2018, before spiking to 5,330 million USD in March 2020. This suggests a strategic shift in liquidity management or a reactive capital raise during the onset of the global pandemic.; Unbilled receivables showed a consistent and strong growth pattern, increasing from 4,444 million USD in 2015 to 8,143 million USD by late 2020. This trend indicates a significant expansion in work-in-progress and long-term contract execution. Similarly, inventories experienced a structural step-up in early 2017, rising from approximately 3,500 million USD to levels consistently exceeding 5,800 million USD through 2020.
Noncurrent Asset Expansion and Capital Structure: Noncurrent assets witnessed a dramatic increase between December 2017 and April 2018, jumping from 16,718 million USD to 27,325 million USD. This expansion is primarily attributed to a surge in goodwill, which rose from 11,914 million USD to 11,955 million USD in December 2017, then leaped to 19,738 million USD by April 2018. Intangible assets followed a similar pattern, increasing from 702 million USD to 2,738 million USD in the same window, strongly indicating a large-scale acquisition.; Property, plant, and equipment (PP&E) demonstrated a steady upward trend, growing from 3,323 million USD in 2015 to 4,863 million USD in 2020. This reflects a sustained investment in the company's physical infrastructure and productive capacity over the five-year period.
Overall Asset Balance Trends: The balance sheet shifted from a relatively balanced distribution between current and noncurrent assets toward a heavier reliance on noncurrent assets, specifically intangible assets and goodwill. By September 2020, goodwill alone represented approximately 39.6% of total assets, compared to roughly 34% in early 2015. The increasing proportion of unbilled receivables relative to cash suggests a transition toward higher operational intensity in long-term project delivery.

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General Dynamics Corp. (NYSE:GD)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data