Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company 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 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.
Paying user area
Try for free
General Dynamics Corp. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to General Dynamics Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
General Dynamics Corp., consolidated cash flow statement (quarterly data)
US$ in millions
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).
- Net Earnings
- Net earnings fluctuated over the periods, with general growth observed from early 2015 through 2019. The values peaked at 1,020 million USD by December 2019 but showed a decline in early 2020 before recovering again in the third quarter of 2020.
- Depreciation of Property, Plant, and Equipment
- Depreciation remained relatively stable, with minor fluctuations, generally ranging between 87 and 141 million USD. A notable increase was observed in 2018, reaching over 130 million USD, indicating increased asset utilization or additions.
- Amortization of Intangible and Finance Lease Assets
- There was a sharp rise in amortization starting mid-2018, from around 20 million USD to around 90 million USD by the end of 2019 and into 2020, likely reflecting increased intangible asset amortization or lease accounting changes.
- Equity-based Compensation Expense
- Expense fluctuated moderately, mostly in the 20 to 40 million USD range, with a peak at 48 million USD in late 2017, followed by somewhat steadier amounts in subsequent periods.
- Deferred Income Tax Provision (Benefit)
- This item experienced considerable volatility, with periods showing significant tax provisions (e.g., 246 million USD in late 2017) and others marked by benefits or reductions, such as negative values in 2018 and early 2019. These swings reflect changing tax environments or timing differences in tax recognition.
- Accounts Receivable and Unbilled Receivables
- Accounts receivable presented volatile and alternating positive and negative values, indicating fluctuations in collections and billings. Unbilled receivables also displayed large negative and positive swings, especially from 2017 through 2019, suggesting irregular billing cycles or project-based revenue recognition impacts.
- Inventories
- Inventory values oscillated between positive and negative values, with notable negative balances especially in 2018, indicating inventory adjustments, disposals, or usage variability. Later periods into 2019 saw some increases but with persistent volatility.
- Other Current Assets and Liabilities
- Other current assets had intermittent data but showed some positive spikes in 2017 and 2018. Other current liabilities fluctuated as well, without a clear consistent pattern. These represent miscellaneous short-term items impacting working capital.
- Changes in Assets and Liabilities
- Net changes in assets and liabilities were markedly volatile. Periods showed significant decreases in assets, for instance, a reduction of nearly 10 billion USD in early 2018, balanced by corresponding variability in liabilities. Such swings often reflect large business transactions, adjustments, or acquisitions.
- Net Cash Provided by Operating Activities
- Operating cash flow displayed overall growth over time, with a substantial peak of nearly 2.4 billion USD in late 2019. Earlier periods, especially in 2018, showed negative or weak cash flow, reflecting operational challenges or investment in working capital. The trend points to improving liquidity generation capacity.
- Capital Expenditures
- Capital spending was consistent and increasing gradually, reaching a peak of 381 million USD in late 2019. This signals ongoing investments in property, plant, and equipment, suggesting expansion or modernization efforts.
- Business Acquisitions
- Noteworthy acquisitions took place primarily in 2018, with a massive cash outflow exceeding 10 billion USD, marking a significant strategic expansion. Other acquisition-related cash flows in 2016 and 2017 were comparatively minor.
- Investing Activities Cash Flow
- Investing cash flow was generally negative, consistent with capital investments and acquisitions. The large outflow in 2018 aligns with the aforementioned business acquisition. Other periods showed minor variability largely due to asset sales and investments.
- Financing Activities Cash Flow
- Financing activities experienced high volatility, including significant debt issuances and repayments, stock repurchases with peaks exceeding one billion USD in some quarters, and dividends paid steadily around 200 to 315 million USD per quarter. Notably, 2018 showed a large positive inflow consistent with issuance of fixed-rate notes, supporting acquisitions or other financial strategies.
- Net Increase (Decrease) in Cash and Equivalents
- Cash and equivalents fluctuated considerably, with steep declines in multiple quarters, particularly in 2018, followed by strong recovery phases in late 2019 and early 2020. The large swings correspond to investment, financing, and operational cash flow patterns observed throughout the timeline.