General Dynamics Corp. (GD)

Statement of Financial Position, Assets
Quarterly Data

Difficulty: Beginner

Annual Data

Quarterly Data

The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's 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 Statement of Financial Position, Assets (quarterly data)

USD $ in millions

		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		Dec 31, 2013		Sep 29, 2013		Jun 30, 2013		Mar 31, 2013
	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

Source: General Dynamics Corp., Quarterly and Annual Reports

Item	Description	The company
Cash and equivalents	Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents.	General Dynamics Corp.'s cash and equivalents increased from Q4 2017 to Q1 2018 but then declined significantly from Q1 2018 to Q2 2018.
Accounts receivable	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	General Dynamics Corp.'s accounts receivable increased from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.
Inventories	Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer).	General Dynamics Corp.'s inventories increased from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	General Dynamics Corp.'s current assets increased from Q4 2017 to Q1 2018 but then slightly declined from Q1 2018 to Q2 2018.
Property, plant and equipment, net	Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment.	General Dynamics Corp.'s property, plant and equipment, net increased from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	General Dynamics Corp.'s noncurrent assets increased from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	General Dynamics Corp.'s total assets increased from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.

	General Dynamics Corp.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Long-term Trends
Analysis
Financial Reporting Quality

General Dynamics Corp. (GD)

Statement of Financial Position, AssetsQuarterly Data

Statement of Financial Position, Assets
Quarterly Data