Stock Analysis on Net

General Dynamics Corp. (NYSE:GD)

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

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.

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

US$ in millions

Microsoft Excel
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

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).


Cash and Equivalents
Cash and equivalents exhibit a fluctuating pattern with a general downtrend from April 2015 (4,412 million USD) to September 2018 (1,010 million USD), followed by a significant spike in June 2020 reaching 5,330 million USD before falling again to 1,469 million USD in September 2020. This volatility may indicate periods of heavy cash outflows and inflows, possibly related to operational cycles or financing activities.
Accounts Receivable
Accounts receivable values remain relatively stable across the periods, fluctuating mildly around the 3,500 million USD to 3,800 million USD range. This steadiness suggests consistent sales on credit and effective receivables management over the analyzed timeframe.
Unbilled Receivables
Unbilled receivables show a general upward trend from April 2015 (4,444 million USD) to September 2020 (8,143 million USD), nearly doubling over the period. This increase might reflect growing business activity or extended billing cycles.
Inventories
Inventories demonstrate an upward trend from about 3,400 million USD in early 2015 to a peak near 6,852 million USD in June 2020, with some fluctuations in between. This pattern could indicate stockpiling of materials or finished goods in anticipation of demand or longer production lead times.
Other Current Assets
Other current assets fluctuate considerably, with a notable increase around late 2017 to mid-2018, peaking at approximately 1,401 million USD. After this peak, the values fluctuate moderately, suggesting variability in short-term resources that are not classified under standard categories.
Current Assets
Current assets overall trend upwards from 16,352 million USD in early 2015 to a peak of 24,741 million USD in March 2020, then decline to around 20,865 million USD by September 2020. This increase is largely driven by increases in inventories and unbilled receivables, supported by the prior observations.
Property, Plant, and Equipment, Net
Property, plant, and equipment exhibit a gradual and steady increase over time, from 3,323 million USD to 4,863 million USD by September 2020. This suggests ongoing investment in fixed assets reflecting capacity expansion or maintenance.
Intangible Assets, Net
Intangible assets show a decline from 893 million USD in April 2015 to around 678 million USD in December 2016, followed by a significant jump in 2018 to almost 2,738 million USD, then a gradual decline again through 2020. This pattern suggests intangible asset write-downs or amortizations initially, followed by acquisition or valuation increases before normalizing.
Goodwill
Goodwill remains relatively stable around 11,500 million USD through 2017, then it nearly doubles to approximately 19,955 million USD in 2018, maintaining around this level through 2020. The increase suggests large acquisitions or revaluation of existing goodwill assets during that period.
Other Assets
Other assets generally decline from 2,118 million USD in 2015 to around 565 million USD in 2017, then sharply increase to about 2,594 million USD in late 2019, stabilizing thereafter. This volatility could relate to reclassification or accumulated other comprehensive income fluctuations.
Noncurrent Assets
Noncurrent assets decline slightly from 18,033 million USD in early 2015 to about 16,597 million USD by late 2016, spike sharply to roughly 27,325 million USD by April 2018, and maintain an upward trajectory to 29,393 million USD in September 2020. This reflects significant asset base expansion, largely attributable to increases in goodwill and intangible assets.
Total Assets
Total assets decrease from 34,385 million USD in April 2015 to a low around 31,702 million USD in mid-2016, then rise steadily to a peak near 53,710 million USD in March 2020, before retreating slightly to 50,258 million USD by September 2020. The total asset growth is driven predominantly by increases in current assets and noncurrent assets such as goodwill and intangible assets, indicating strategic growth and acquisition activities during the latter years.

Assets: Selected Items


Current Assets: Selected Items