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

	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)

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.

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General Dynamics Corp. (NYSE:GD)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data