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.

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

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General Dynamics Corp., consolidated balance sheet: liabilities and stockholders’ equity (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
Short-term debt and current portion of long-term debt
Accounts payable
Customer advances and deposits
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock
Surplus
Retained earnings
Treasury stock
Accumulated other comprehensive loss
Shareholders’ equity
Total liabilities and shareholders’ equity

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).

Short-term debt and current portion of long-term debt
There is notable volatility in short-term debt, with a sharp increase in October 2015 and December 2017, followed by fluctuating levels. Peaks appear in mid-2016, late 2017, and early 2020, with values oscillating between approximately 500 and nearly 5,000 million US$.
Accounts payable
Accounts payable display a gradual upward trend from April 2015 through December 2017, reaching peaks above 3,000 million US$. Afterward, there is a general decline with some fluctuations, ending lower but still around 2,600 million US$ by September 2020.
Customer advances and deposits
Customer advances decreased from April 2015 to December 2016, followed by a recovery and growth phase reaching a peak in December 2018 near 7,300 million US$. Subsequently, the values show a downward trend through mid-2020, falling to approximately 6,100 million US$.
Other current liabilities
This category fluctuates over the period, starting around 4,300 million US$ and dipping below 3,000 million US$ between 2017 and early 2018, then rising again towards 4,000 million US$ by late 2020, showing a cyclical pattern with moderate volatility.
Current liabilities
Current liabilities remained relatively stable from 2015 to 2016, followed by a significant increase starting in 2017 and peaking in early 2018 above 16,500 million US$. After mid-2018, a downward but volatile movement occurs, with values fluctuating near 16,000 million US$ by late 2020.
Long-term debt, excluding current portion
Long-term debt experienced stability around 2,900 to 3,400 million US$ through 2016, then abruptly increased to over 11,000 million US$ in mid-2018. It fluctuated thereafter, peaking near 13,000 million US$ in early 2020, with a declining trend toward approximately 10,000 million US$ by late 2020.
Other liabilities
Other liabilities generally increased over the period, with values rising from about 6,100 million US$ to over 9,400 million US$ by late 2020. This steady growth highlights an ongoing increase in noncurrent obligations.
Noncurrent liabilities
Noncurrent liabilities exhibit a rise in mid-2018, coinciding with jumps in long-term debt and other liabilities, peaking around 22,000 million US$ in early 2020. Thereafter, a decreasing trend toward 19,400 million US$ occurs by the end of the reported period.
Total liabilities
Total liabilities remain relatively stable through 2015 and 2016, surge significantly in 2018 peaking above 35,000 million US$, followed by maintenance of high levels with peaks early 2020 exceeding 40,000 million US$. A noticeable reduction occurs subsequently but values remain elevated compared to the earlier years.
Common stock
Common stock remains constant throughout the entire period at 482 million US$, indicating no new issuance or buybacks affecting this account.
Surplus
Surplus shows a steady upward trend from approximately 2,588 million US$ in early 2015 to over 3,000 million US$ by late 2020, reflecting retained positive performance and capitalization.
Retained earnings
Retained earnings consistently increase from roughly 21,600 million US$ in April 2015 to above 32,800 million US$ in September 2020, signifying cumulative profitability and earnings reinvested in the company.
Treasury stock
Treasury stock becomes increasingly negative over the period, indicating higher repurchases or reduction in outstanding shares. The value deteriorates from approximately -9,900 million US$ to near -17,800 million US$, with notable accelerations during 2017 and 2018.
Accumulated other comprehensive loss
This item fluctuates with some volatility, ranging between approximately -2,800 million US$ to below -4,400 million US$. There is no clear trend, suggesting variable impacts from comprehensive income components such as foreign currency translation or hedging activities.
Shareholders’ equity
Shareholders’ equity exhibits fluctuations, with an initial decline from 11,520 million US$ in early 2015 to a low near 10,500 million US$ in 2017, followed by a recovery and growth trend reaching over 14,700 million US$ by late 2020. This reflects variability in retained earnings, treasury stock impacts, and accumulated comprehensive loss.
Total liabilities and shareholders’ equity
This total mirrors the cumulative financial position, rising moderately from approximately 34,400 million US$ in early 2015 to over 50,000 million US$ by late 2020. The increase aligns largely with the rise in liabilities, particularly long-term debt and total liabilities, alongside improving equity after mid-period lows.