Stock Analysis on Net
Stock Analysis on Net
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General Dynamics Corp. (NYSE:GD)

This company was transferred to the archive: financial data is no longer updated!

Cash Flow Statement

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

General Dynamics Corp., consolidated cash flow statement

US$ in millions

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net earnings 3,484  3,345  2,912  2,955  2,965 
Depreciation of property, plant and equipment 466  493  362  366  366 
Amortization of intangible and finance lease right-of-use assets 363  270  79  88  116 
Equity-based compensation expense 133  140  123  100  110 
Excess tax benefit from equity-based compensation —  —  —  —  (77)
Deferred income tax provision (benefit) 92  (3) 401  376  167 
Discontinued operations, net of tax —  13  —  107  — 
Accounts receivable 176  417  (195) (161) 604 
Unbilled receivables (1,303) (800) (987) (1,033) 231 
Inventories (376) (591) (182) (154) (156)
Other current assets 310  207  —  — 
(Increase) decrease in assets, net of effects of business acquisitions (1,495) (664) (1,157) (1,348) 679 
Accounts payable (197) 657  567  (89)
Customer advances and deposits (105) 36  264  (825) (1,756)
Other current liabilities —  —  —  (30) (83)
Increase (decrease) in liabilities, net of effects of business acquisitions (99) (161) 921  (288) (1,928)
Other, net 37  (285) 238  (158) 101 
Adjustments to reconcile net earnings to net cash from operating activities (503) (197) 967  (757) (466)
Net cash provided by operating activities 2,981  3,148  3,879  2,198  2,499 
Capital expenditures (987) (690) (428) (392) (569)
Business acquisitions, net of cash acquired (19) (10,099) (399) (58) (5)
Maturities of held-to-maturity securities —  —  —  —  500 
Proceeds from sales of assets 14  562  50  291 
Other, net (2) (7) (14) 15  (17)
Net cash (used) provided by investing activities (994) (10,234) (791) (426) 200 
Dividends paid (1,152) (1,075) (986) (911) (873)
Proceeds from (repayments of) commercial paper, net (850) 850  —  —  — 
Purchases of common stock (231) (1,769) (1,558) (1,996) (3,233)
Proceeds from fixed-rate notes —  6,461  985  992  — 
Proceeds from floating-rate notes —  1,000  —  —  — 
Repayment of CSRA accounts receivable purchase agreement —  (450) —  —  — 
Repayment of fixed-rate notes —  —  (900) (500) (500)
Other, net 236  69  60  246  347 
Net cash provided (used) by financing activities (1,997) 5,086  (2,399) (2,169) (4,259)
Net cash provided (used) by discontinued operations (51) (20) (40) (54) (43)
Net increase (decrease) in cash and equivalents (61) (2,020) 649  (451) (1,603)
Cash and equivalents at beginning of year 963  2,983  2,334  2,785  4,388 
Cash and equivalents at end of year 902  963  2,983  2,334  2,785 

Based on: 10-K (filing date: 2020-02-10), 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. General Dynamics Corp.’s net cash provided by operating activities decreased from 2017 to 2018 and from 2018 to 2019.
Net cash (used) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. General Dynamics Corp.’s net cash (used) provided by investing activities decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
Net cash provided (used) by financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. General Dynamics Corp.’s net cash provided (used) by financing activities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.