Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
Paying user area
Try for free
GE Aerospace pages available for free this week:
- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to GE Aerospace for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
GE Aerospace, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 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).
The liabilities and stockholders’ equity of the company demonstrate significant shifts over the observed period, spanning from March 2021 to December 2025. Overall, a considerable reduction in total liabilities is apparent, particularly in the short term, coupled with fluctuations in equity components. A notable restructuring appears to have occurred around the beginning of 2024, impacting several liability accounts.
- Short-Term Borrowings
- Short-term borrowings generally decreased from US$4.468 billion in March 2021 to US$2.084 billion in March 2025. There were interim increases, notably in September 2021, but the overall trend is downward. A further increase is observed in June 2024 and December 2024, before stabilizing in the first half of 2025.
- Accounts Payable
- Accounts payable exhibited a gradual increase from US$16.090 billion in March 2021 to US$18.644 billion in December 2022. However, a substantial decrease occurred in March 2023, falling to US$15.063 billion, and continued to decline, reaching US$10.078 billion by December 2023. This decline continued into 2024, with a significant drop to US$7.707 billion in March 2024, and has been gradually increasing since then, reaching US$10.078 billion by December 2025.
- Progress Collections and Contract Liabilities
- Progress collections and contract liabilities show a distinct pattern. Progress collections data begins in March 2024, increasing steadily from US$6.465 billion to US$7.662 billion by September 2025. Contract liabilities and deferred income also demonstrate a consistent upward trend from the beginning of the observed period, increasing from US$8.671 billion in June 2024 to US$10.333 billion by September 2025. The legacy account, "Progress collections and current deferred income," shows a more volatile pattern, peaking at US$19.677 billion in December 2023 before declining.
- Long-Term Borrowings
- Long-term borrowings decreased significantly from US$66.890 billion in March 2021 to US$28.593 billion in December 2022. This downward trend continued, reaching US$18.808 billion by December 2023, and stabilizing around US$18.771 billion by September 2025.
- Total Liabilities
- Total liabilities decreased substantially over the period, from US$245.164 billion in March 2021 to US$187.788 billion in December 2022. This decline continued, reaching US$163.045 billion by December 2023, and further decreasing to US$130.169 billion by December 2025. The most significant reduction occurred between March 2021 and March 2024.
- Shareholders’ Equity
- Shareholders’ equity fluctuated throughout the period. It increased from US$35.153 billion in March 2021 to US$41.612 billion in December 2021, then decreased to US$35.942 billion in June 2022. A subsequent increase to US$37.582 billion occurred by December 2022, followed by a decline to US$28.579 billion by December 2023. By December 2025, equity had risen to US$18.898 billion. Retained earnings contributed significantly to these fluctuations, decreasing from US$89.276 billion in March 2021 to US$87.663 billion in December 2025. Common stock held in treasury consistently represents a substantial portion of equity, remaining negative throughout the period.
- Noncontrolling Interests
- Noncontrolling interests remained relatively stable, fluctuating between US$1.201 billion and US$1.568 billion throughout the period, ending at US$221 million in December 2025.
The data suggests a strategic shift towards reducing debt and potentially restructuring operations. The significant decrease in accounts payable, coupled with the increase in contract liabilities, may indicate a change in payment terms or revenue recognition practices. The reduction in long-term borrowings suggests improved financial flexibility or a change in capital structure. The fluctuations in shareholders’ equity warrant further investigation, particularly concerning retained earnings and treasury stock.