Stock Analysis on Net
Stock Analysis on Net

General Dynamics Corp. (NYSE:GD)

$22.49

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

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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General Dynamics Corp., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Products
Services
Revenue
Products
Services
Cost of revenue
Gross profit
General and administrative (G&A)
Operating earnings
Other, net
Interest, net
Earnings from continuing operations before income tax
Provision for income tax, net
Earnings from continuing operations
Discontinued operations, net of tax
Net earnings

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).

Revenue and Sales Trends
The total revenue exhibited a generally increasing trend over the analyzed quarters from 2015 through 2020, with seasonal fluctuations evident. Product revenue showed volatility, declining notably from early 2017 to early 2018 and then surging significantly in late 2018 before peaking in late 2019. Service revenue displayed a moderate upward trajectory until mid-2018, followed by fluctuations and a decrease in 2020.
Cost of Revenue and Gross Profit
Cost of revenue steadily increased over the period, consistent with the growth in revenue but with notable spikes in late 2018 and late 2019. Despite rising costs, gross profit maintained relatively stable levels, oscillating slightly but generally trending upward until the end of 2019 before declining in 2020, indicating some pressure on margins.
Operating Earnings and Expenses
Operating earnings followed a pattern similar to gross profit, with gradual increases and some volatility. Peaks occurred in late 2018 and late 2019. General and administrative expenses fluctuated moderately but showed an increasing trend toward 2019, suggesting rising administrative costs. The most recent data illustrate some operating earnings compression despite stable expenditures.
Net Earnings and Taxation
Net earnings generally increased from 2015 through 2019 with periodic fluctuations, peaking in late 2019 before declining noticeably in 2020. Earnings from continuing operations followed a similar pattern. The provision for income tax was variable but proportionally reduced in 2020, possibly reflecting lower pre-tax earnings.
Interest and Other Income
Interest expenses remained relatively stable with a notable increase in mid-2018, which persisted through 2020, implying increased financing costs or debt levels. Other income/losses were minor and inconsistent, with some negative impacts in late 2017 and positive contributions in late 2019 and 2020.
Additional Observations
Discontinued operations impacted net earnings marginally in a few quarters, particularly in 2016 and 2017, but were otherwise insignificant. The overall financial performance reflects growth with intermittent volatility, rising costs and expenses, and some margin pressure evident in the most recent quarters. The decline in earnings toward 2020 may warrant further examination regarding operational efficiency or market conditions.