Balance Sheet: Assets
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

GE Aerospace, consolidated balance sheet: assets (quarterly data)

US$ in millions

	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
Cash, cash equivalents and restricted cash	12,501)	10,861)	12,405)	13,619)	13,724)	12,107)	18,447)	16,967)	13,127)	12,766)	12,001)	17,262)	12,596)	13,190)	12,842)	15,770)	24,955)	22,460)	31,783)	36,630)	39,162)	41,431)	47,286)
Investment securities	1,008)	998)	1,000)	982)	2,232)	3,338)	3,737)	5,706)	7,054)	10,885)	12,814)	7,609)	6,297)	6,745)	10,779)	12,297)	5,300)	6,134)	6,741)	7,319)	—)	—)	—)
Current receivables	10,671)	10,512)	9,653)	9,327)	8,936)	8,370)	15,100)	15,466)	14,546)	14,767)	14,212)	17,976)	17,197)	16,283)	16,050)	15,620)	14,874)	15,190)	15,381)	16,691)	17,302)	16,041)	16,925)
Financing receivables, net	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	271)	316)	306)	1,265)	—)	—)	—)
Inventories, including deferred inventory costs	11,667)	11,297)	10,504)	9,763)	9,718)	9,469)	17,603)	16,528)	17,020)	16,789)	16,198)	17,403)	17,536)	17,553)	16,570)	15,847)	16,790)	17,016)	16,530)	15,890)	14,925)	15,251)	15,457)
Other GE Capital receivables	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,186)	1,363)	1,339)	3,331)	—)	—)	—)
Current contract assets	3,111)	3,059)	2,940)	2,982)	2,884)	2,719)	1,547)	1,500)	1,875)	2,037)	2,244)	3,088)	3,701)	4,241)	4,246)	4,881)	5,238)	5,431)	5,821)	5,764)	—)	—)	—)
All other current assets	1,116)	1,074)	1,073)	962)	1,155)	1,212)	1,648)	1,647)	1,437)	1,638)	1,464)	1,522)	2,059)	1,879)	2,065)	1,933)	1,191)	1,315)	1,375)	1,522)	—)	—)	—)
Assets of businesses held for sale	—)	—)	—)	—)	—)	137)	1,507)	1,985)	1,375)	1,331)	1,353)	1,374)	696)	767)	747)	—)	33,782)	33,186)	33,922)	—)	—)	—)	506)
Current assets	40,074)	37,801)	37,575)	37,635)	38,649)	37,352)	59,589)	59,799)	56,434)	60,213)	60,286)	66,234)	60,082)	60,658)	63,299)	66,348)	103,587)	102,411)	113,198)	88,412)	71,389)	72,723)	80,174)
Investment securities	38,158)	37,887)	38,010)	37,741)	39,514)	38,129)	38,705)	38,000)	35,528)	37,392)	38,262)	36,048)	33,624)	36,195)	39,845)	42,209)	42,394)	42,665)	40,786)	42,549)	46,881)	47,117)	42,299)
Financing receivables, net	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,771)	3,021)	3,095)	2,998)
Other GE Capital receivables	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	4,668)	4,672)	4,634)	4,661)	7,389)	7,578)	7,505)
Property, plant and equipment, net	7,608)	7,523)	7,426)	7,277)	7,254)	7,095)	12,345)	12,494)	12,203)	12,374)	12,170)	14,478)	14,295)	14,790)	15,036)	15,609)	15,873)	16,169)	16,296)	44,662)	44,830)	45,504)	45,979)
Goodwill	9,041)	9,006)	8,696)	8,538)	8,754)	8,859)	13,304)	13,385)	13,177)	13,345)	13,107)	25,798)	25,275)	25,790)	26,047)	26,182)	25,333)	25,491)	25,320)	25,524)	25,278)	24,951)	26,598)
Other intangible assets, net	4,283)	4,336)	4,277)	4,257)	4,371)	4,394)	5,547)	5,695)	5,790)	5,954)	5,990)	7,625)	7,725)	8,026)	8,290)	9,330)	9,187)	9,460)	9,395)	9,774)	9,909)	10,168)	10,381)
Contract and other deferred assets	4,720)	4,803)	4,835)	4,831)	4,823)	4,801)	5,431)	5,406)	5,427)	5,440)	5,631)	6,010)	6,221)	6,189)	6,159)	6,124)	6,119)	6,131)	5,985)	5,888)	15,571)	15,555)	16,136)
All other assets	15,558)	15,003)	14,453)	13,909)	13,836)	13,405)	16,996)	15,996)	16,308)	16,172)	15,889)	16,998)	19,166)	19,737)	19,767)	19,040)	12,651)	12,639)	12,309)	14,598)	15,093)	15,514)	15,841)
Deferred income taxes	6,844)	6,890)	6,956)	7,111)	7,491)	7,338)	10,316)	10,575)	10,235)	10,355)	10,344)	11,705)	11,504)	10,956)	10,583)	10,855)	14,466)	14,864)	14,232)	12,081)	11,367)	10,665)	10,457)
Assets of discontinued operations	1,957)	2,007)	1,895)	1,841)	2,006)	1,817)	1,709)	1,695)	1,560)	1,761)	2,793)	2,892)	2,985)	3,199)	2,935)	3,177)	2,855)	3,057)	3,009)	3,532)	3,587)	3,617)	3,653)
Non-current assets	88,169)	87,455)	86,548)	85,505)	88,049)	85,838)	104,353)	103,246)	100,228)	102,793)	104,186)	121,554)	120,795)	124,882)	128,662)	132,526)	133,546)	135,148)	131,966)	165,040)	182,926)	183,764)	181,847)
Total assets	128,243)	125,256)	124,123)	123,140)	126,698)	123,190)	163,942)	163,045)	156,662)	163,006)	164,472)	187,788)	180,877)	185,540)	191,961)	198,874)	237,133)	237,559)	245,164)	253,452)	254,315)	256,487)	262,021)

Cash, cash equivalents and restricted cash: The cash balances demonstrate a general declining pattern from early 2020 into the end of 2021, reaching a low point of approximately $12.8 billion in the first quarter of 2022. Following this dip, cash levels moderately recover through 2023 and early 2024, fluctuating around $12 billion to $18 billion before again trending slightly lower towards mid-2025, stabilizing near $12 billion.
Investment securities (current and total): Current investment securities started appearing in late 2020 showing a decreasing trend from roughly $7.3 billion down to about $1 billion by mid-2025. In contrast, total investment securities were highest around early 2020 at about $47 billion and, despite fluctuations, show a declining trend over the observed periods, falling to around $38 billion by mid-2025. This suggests a gradual reduction in investment holdings or reallocation of portfolio assets over time.
Current receivables: Current receivables remained relatively stable through 2020 and 2021, hovering between $14 billion and $17 billion. A notable decline occurred in 2024, dropping to approximately $8.4 billion in the first quarter, followed by a gradual recovery to around $10.7 billion by late 2025, indicating possible fluctuations in short-term collections or sales activity.
Inventories, including deferred inventory costs: Inventory values show a fairly steady level between $15 billion and $17.5 billion throughout 2020 to early 2023, then falling sharply in early 2024 to below $10 billion, before slowly increasing again into mid-2025. This decrease may reflect inventory reductions or shifts in production and supply chain management.
Current contract assets: Current contract assets have a declining trajectory from near $5.8 billion in late 2020 to around $1.5 billion in early 2024, then experience a rebound to nearly $3.1 billion by the second quarter of 2025. This pattern may indicate variability in unbilled receivables or contract work progress over time.
Property, plant and equipment, net: Property, plant and equipment showed a decrease from about $46 billion in early 2020 to roughly $15 billion by the start of 2022, indicating substantial asset disposals or impairments. Afterwards, a further decline to approximately $7 billion occurs in 2024, with a gradual upward trend toward $7.6 billion in mid-2025, signaling possible reinvestment or asset acquisition.
Goodwill: Goodwill declined steadily from nearly $26.6 billion in early 2020 to about $13 billion by 2023, further decreasing to around $8.5 billion by early 2024, and then modestly increasing to approximately $9 billion by mid-2025. This diminishing goodwill suggests divestitures or write-downs of previously acquired businesses.
Other intangible assets, net: Other intangible assets show a gradual decrease from about $10.4 billion in early 2020 to $5.5 billion by early 2024 with a minor stabilization near $4.3 billion in mid-2025, implying amortization and limited new intangible asset recognition.
Deferred income taxes: Deferred income taxes increased from about $10.5 billion in early 2020 to a peak exceeding $14 billion in mid-2021 before declining steadily to around $6.8 billion by mid-2025, reflecting changing tax positions or asset and liability adjustments over time.
Assets of businesses held for sale: Assets held for sale appeared significantly in 2020 with over $33 billion and then sharply declined, becoming nominal or absent in subsequent years, which indicates completion of divestitures or asset sales.
Total assets: Total assets showed a steady decline from about $262 billion in early 2020 to approximately $164 billion by 2023, followed by further decreases to around $123 billion in early 2024. Post-2024, total assets remain relatively flat near $124 billion, suggesting a substantial downsizing or restructuring during the period with stabilization thereafter.
Summary: Across the observed periods, the data reflects significant reductions in asset base, including cash, receivables, inventories, property, plant, and equipment, along with goodwill and intangible assets. These trends suggest strategic divestitures, asset sales, and possible operational restructuring. Investment securities also declined, revealing shifts in investment strategy or capital deployment. While some recovery in current receivables, contract assets, and cash positions is evident towards 2025, the overall financial position appears leaner and more focused compared to the earlier periods. Deferred income taxes' decline aligns with asset disposals and changing tax exposures. The presence and subsequent disappearance of assets held for sale correspond with completed divestiture transactions. The cumulative financial movements highlight a transformation phase with an emphasis on trimming asset size and streamlining operations.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

GE Aerospace (NYSE:GE)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data