Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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GE Aerospace, common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Short-term borrowings
Accounts payable
Progress collections
Contract liabilities and deferred income
Progress collections and current deferred income (legacy)
Sales discounts and allowances
All other current liabilities
Liabilities of businesses held for sale
Current liabilities
Deferred income
Long-term borrowings
Insurance liabilities and annuity benefits
Non-current compensation and benefits
All other liabilities
Liabilities of discontinued operations
Non-current liabilities
Total liabilities
Preferred stock
Common stock
Accumulated other comprehensive income (loss), net attributable to the Company
Other capital
Retained earnings
Common stock held in treasury
Shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Short-term borrowings
Short-term borrowings as a percentage of total liabilities and equity showed a consistent decline from early 2020 through 2023, reaching a low point around late 2023. Starting 2024, there was a moderate uptick but values remained relatively low compared to the initial period.
Accounts payable
Accounts payable increased steadily from the first quarter of 2020 until late 2022, peaking just under 10%. Afterward, it stabilized with fluctuations around 7% to 10%, then declined notably during 2024 before slightly rising again towards mid-2025.
Progress collections & Contract liabilities
Both newly tracked progress collections and contract liabilities emerged from 2024 onwards, maintaining stable proportions around 5-7%, indicating increasing recognition of deferred revenue and collection advances in recent quarters.
Progress collections and current deferred income (legacy)
This legacy figure trended upward consistently from early 2020 through early 2024, reflecting a growing portion of current liabilities until it was discontinued or replaced by more granular items in later periods.
Sales discounts and allowances
Introduced or separately tracked starting in early 2024, sales discounts and allowances have fluctuated modestly but remained around 3%, suggesting stable recognition of such deductions relative to total liabilities and equity.
All other current liabilities
This category generally increased from 2020 to early 2023, reaching about 7-8%, before declining sharply in 2024 to around 3-4%. This reversal indicates a significant reclassification or reduction of miscellaneous current liabilities in recent periods.
Liabilities of businesses held for sale
These liabilities showed sporadic presence, peaking around early 2021 and early 2022, then disappearing after mid-2024. This pattern may reflect changes due to asset disposals or business segment sales.
Current liabilities
Current liabilities as a whole rose from about 27% in early 2020 to peaks near 31% by late 2023, then receded slightly in 2024 before stabilizing near 29% towards mid-2025, indicating modest growth in short-term obligations.
Deferred income
Deferred income showed a gradual increase until early 2023, stabilizing around 0.8-1% thereafter, reflecting consistent recognition of revenues received but not yet earned over the examined periods.
Long-term borrowings
Long-term borrowings declined from a high above 28% in 2020 to levels near 12-15% by 2025, representing a notable reduction in longer-term debt relative to the company’s capital structure over the analyzed timeframe.
Insurance liabilities and annuity benefits
These liabilities increased significantly starting in 2023, reaching upwards of 29-30% of total liabilities and equity by 2025. This sharp rise denotes heightened obligations in insurance or annuity contracts, becoming a key component of long-term liabilities.
Non-current compensation and benefits
This category declined steadily from nearly 12% in early 2020 to just above 5% by 2025, indicating a reduction in pension or post-employment benefit liabilities relative to the overall capital structure.
All other liabilities
This category showed relative stability fluctuating around 6-7% through early 2024 before declining in 2024 to about 5%, reflecting a minor decrease in miscellaneous long-term liabilities.
Liabilities of discontinued operations
Starting with negligible amounts in early years, this liability increased somewhat through 2023 and 2024 to around 1%, suggesting recognition of obligations associated with divested or discontinued parts of the business.
Non-current liabilities
Non-current liabilities composed a majority share above 50% throughout the period, initially near 63-64%, dipping around 52-51% in early 2022, then rebounding towards mid-2024. This confirms that long-term obligations remain a dominant part of total liabilities.
Total liabilities
Total liabilities as a proportion of total liabilities and equity remained stable around 80-85% over the entire timeframe, indicating a consistently leveraged position with liabilities forming the majority of capital structure.
Equity components

Common stock contributed a very small and stable portion under 0.3%, suggesting little issuance or redemption during this period.

Accumulated other comprehensive income experienced volatility, initially negative then rising into slightly positive territory around 2021, before reverting to modest negative values, reflecting fluctuations in unrealized gains/losses.

Other capital increased from about 13% in 2020 to peak near 20% in early 2024, then declined somewhat, indicating growth in additional paid-in capital or other equity reserves before partial decreases.

Retained earnings rose persistently from around 36% to above 66%, representing strong earnings retention and profit accumulation enhancing equity base significantly over time.

Common stock held in treasury showed increasing negative balances from -31% to nearly -67%, which implies acquisition or holding of a substantial amount of treasury shares, reducing net equity proportionally.

Shareholders’ equity overall fluctuated between 13% and 21%, with a peak around early 2022, then declining back close to 15% by mid-2025, reflecting the interplay of retained earnings growth offset by treasury share increases and other comprehensive income changes.

Noncontrolling interests remained minor, generally below 1%, slightly decreasing in later years.

Total equity and total liabilities and equity
Total equity ranged from approximately 14% to just above 20% over the period, declining in the most recent years, maintaining a minority position relative to liabilities. Total liabilities and equity summed consistently to 100%, confirming the balance sheet framework integrity.