Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Common-Size Balance Sheet: Assets

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GE Aerospace, common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Cash, cash equivalents and restricted cash
Investment securities
Current receivables
Inventories, including deferred inventory costs
Current contract assets
All other current assets
Assets of businesses held for sale
Current assets
Investment securities
Property, plant and equipment, net, excluding ROU operating lease assets
ROU operating lease assets
Goodwill
Other intangible assets, net
Contract and other deferred assets
All other assets
Deferred income taxes
Assets of discontinued operations
Non-current assets
Total assets

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).


The composition of assets exhibited several notable shifts between 2021 and 2025. Current assets initially increased as a percentage of total assets, peaking in 2023, before declining in 2024 and stabilizing in 2025. Conversely, non-current assets decreased from 2021 to 2023, then increased significantly in 2024, before leveling off in 2025. Within these broad categories, specific asset components demonstrated distinct trends.

Liquidity & Current Assets
Cash and cash equivalents consistently increased as a percentage of total assets from 7.93% in 2021 to 11.06% in 2024, before decreasing slightly to 9.52% in 2025. Current receivables showed an increase from 7.85% to 9.57% between 2021 and 2022, followed by a slight decrease and then a return to 9.04% in 2025. Inventories also increased between 2021 and 2023, peaking at 10.14%, then decreased to 9.12% in 2025. Current contract assets decreased significantly between 2021 and 2023, but experienced a modest increase in both 2024 and 2025. Overall, current assets represented a larger portion of the asset base through 2023, then decreased in 2024, stabilizing in 2025.
Investment Securities
Investment securities experienced a substantial decrease as a percentage of total assets, particularly in the period between 2021 and 2024. The proportion of total assets held as investment securities fell from 27.4% in 2021 to just 0.80% in 2024, with no value reported for 2025. This suggests a strategic shift away from liquid investments.
Long-Term Assets
Property, plant, and equipment, net, remained relatively stable as a percentage of total assets between 2021 and 2023, but decreased to 5.05% in 2024, before a slight increase to 5.35% in 2025. Goodwill decreased significantly from 13.17% in 2021 to 6.96% in 2025, indicating potential impairment or divestitures. Other intangible assets also showed a declining trend over the period. Deferred income taxes remained a consistent component of non-current assets, fluctuating between 5.46% and 6.49% of total assets.
Assets Held for Sale & Discontinued Operations
Assets of businesses held for sale appeared in 2022 and 2023, representing 0.73% and 1.22% of total assets respectively, suggesting potential restructuring activities. Assets of discontinued operations remained relatively stable, representing approximately 1.5% of total assets throughout the period.
Other Assets
“All other assets” increased steadily from 9.57% in 2021 to 11.74% in 2025, representing a growing portion of the asset base. Contract and other deferred assets also showed a consistent increase over the period.

In summary, the asset composition shifted from a greater reliance on investment securities and goodwill towards a larger proportion of current assets and other assets. The changes suggest a potential strategic refocusing of the business, including liquidity management and restructuring activities.