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: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

General Dynamics Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Short-term debt and current portion of long-term debt 2,920 973 2 900 501
Accounts payable 3,162 3,179 3,207 2,538 1,964
Customer advances and deposits 7,148 7,270 6,992 4,939 5,674
Salaries and wages 941 952 786 695 648
Workers’ compensation 306 244 320 337 369
Retirement benefits 296 272 295 303 304
Current operating lease liabilities 252
Fair value of cash flow hedges 32 141 180 521 780
Deferred income taxes 1,258 829
Other 1,744 1,708 1,317 1,355 1,376
Other current liabilities 3,571 3,317 2,898 4,469 4,306
Current liabilities 16,801 14,739 13,099 12,846 12,445
Long-term debt, excluding current portion 9,010 11,444 3,980 2,988 2,898
Retirement benefits 5,172 4,422 4,408 4,393 4,251
Noncurrent operating lease liabilities 1,251
Customer deposits on commercial contracts 709 726 814 418 506
Deferred income taxes 481 577 244 72 75
Other 1,840 1,768 1,066 1,179 1,084
Other liabilities 9,453 7,493 6,532 6,062 5,916
Noncurrent liabilities 18,463 18,937 10,512 9,050 8,814
Total liabilities 35,264 33,676 23,611 21,896 21,259
Common stock 482 482 482 482 482
Surplus 3,039 2,946 2,872 2,819 2,730
Retained earnings 31,633 29,326 26,444 25,227 23,204
Treasury stock (17,358) (17,244) (15,543) (14,156) (12,392)
Accumulated other comprehensive loss (4,219) (3,778) (2,820) (3,396) (3,286)
Shareholders’ equity 13,577 11,732 11,435 10,976 10,738
Total liabilities and shareholders’ equity 48,841 45,408 35,046 32,872 31,997

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. General Dynamics Corp. current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. General Dynamics Corp. noncurrent liabilities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. General Dynamics Corp. total liabilities increased from 2017 to 2018 and from 2018 to 2019.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. General Dynamics Corp. shareholders’ equity increased from 2017 to 2018 and from 2018 to 2019.