GENERAL DYNAMICS CORP

10-K & 10-Q Filings

General Dynamics is a global aerospace and defense company that specializes in high-end design, engineering, and manufacturing to deliver state-of-the-art solutions to its customers. The company's business strategy involves building industry-leading franchises through steady investment in new technologies, a culture of continuous improvement, and a focus on being the low-cost, high-quality provider in each of its markets. General Dynamics is organized into four operating segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment, which includes Gulfstream and Jet Aviation business units, is a leading producer of business jets and the standard bearer in new technology aircraft, aircraft repair, support, and completion services. Gulfstream is known for its superior aircraft design, quality, performance, safety, and reliability, as well as its industry-leading customer support. The segment's current product line includes the Gulfstream G280, G500, G600, G650, and G650ER, which offer industry-leading cabin, cockpit, and safety technologies and the longest ranges at the fastest speeds in their respective classes. The Marine Systems segment is the leading designer and builder of nuclear-powered submarines and a leader in surface combatant and auxiliary ship design and construction for the U.S. Navy. The segment also provides maintenance, modernization, and lifecycle support services for Navy ships. Electric Boat is the prime contractor and lead shipyard on all Navy nuclear-powered submarine programs, including the Columbia-class ballistic-missile submarines and Virginia-class attack submarines. Bath Iron Works builds the Arleigh Burke-class guided-missile destroyers and manages modernization and lifecycle support for all Navy destroyers. NASSCO specializes in Navy auxiliary and support ships and is currently building the Expeditionary Sea Base and John Lewis-class fleet replenishment oiler. The Combat Systems segment is a premier manufacturer and integrator of land combat solutions worldwide, including wheeled and tracked combat vehicles, weapons systems, and munitions. The segment's major vehicle programs include the M1A2 Abrams tank, Stryker wheeled combat vehicle, and M10 Booker combat vehicle. Combat Systems also provides a comprehensive array of sophisticated weapon systems for ground forces, including high-speed Gatling guns and combat vehicle active protection systems. The Technologies segment provides a full spectrum of services, technologies, and products to an expanding market that increasingly seeks solutions combining leading-edge electronic hardware with specialized software. The segment is organized into two business units: Information Technology (GDIT) and Mission Systems. GDIT provides digital consulting services, modernizes large-scale IT enterprises, and deploys the latest technologies to optimize and protect customer networks, data, and information. Mission Systems is a defense electronics manufacturer and integrator for C5ISR applications in all domains. General Dynamics' website is www.gd.com, and its ticker symbol is GD.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Apr 02, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$32677.00
31513.00
31218.00
30852.00
31469.00
31353.00
30973.00
35837.00
39350.00
37925.00
38469.00
39043.00
41929.00
9790.00
10649.00
2.10%8.77%Cost of Revenue (-)
$26821.00
26410.00
25454.00
24979.00
25339.00
25104.00
24786.00
29478.00
32291.00
31600.00
32061.00
32785.00
35600.00
8357.00
9068.00
2.39%8.51%Gross Profit (+)
$5856.00
5103.00
5764.00
5873.00
6130.00
6249.00
6187.00
6359.00
6599.00
5848.00
5984.00
6258.00
6329.00
1433.00
1581.00
0.65%10.33%Selling, General & Administrative (-)
$2030.00
2276.00
2079.00
1984.00
1952.00
1940.00
2010.00
2258.00
2411.00
2192.00
2245.00
2411.00
2427.00
586.00
627.00
1.50%7.00%Non-recurring Operating Expenses (-)
$
1994.00
Operating Expenses (-)
$2030.00
4270.00
2079.00
1984.00
1952.00
1940.00
2010.00
2258.00
2411.00
2192.00
2245.00
2411.00
2427.00
586.00
627.00
1.50%7.00%Costs & Expenses (Total) (-)
$28851.00
30680.00
27533.00
26963.00
27291.00
27044.00
26796.00
31736.00
34702.00
33792.00
34306.00
35196.00
38027.00
8943.00
9695.00
2.33%8.41%Operating Income/Loss (+)
$3826.00
833.00
3685.00
3889.00
4178.00
4309.00
4177.00
4457.00
4648.00
4133.00
4163.00
4211.00
4245.00
938.00
1036.00
0.87%10.45%Non-operating Income/Expense (+)
$33.00
-136.00
8.00
-1.00
7.00
13.00
3.00
-16.00
14.00
82.00
134.00
189.00
82.00
33.00
14.00
7.88%-57.58%Earnings before Tax (+)
$3718.00
541.00
3607.00
3802.00
4102.00
4231.00
4077.00
4085.00
4202.00
3738.00
3873.00
4036.00
3984.00
880.00
968.00
0.58%10.00%Tax Expense (-)
$1166.00
873.00
1121.00
1129.00
1137.00
1169.00
1165.00
727.00
718.00
571.00
616.00
646.00
669.00
150.00
169.00
-4.52%12.67%Income/Loss (Continuing Operations) (+)
$2552.00
-332.00
2486.00
2673.00
2965.00
3062.00
2912.00
3358.00
3484.00
3167.00
3257.00
3390.00
3315.00
730.00
799.00
2.20%9.45%Income/Loss (Discontinued Operations) (+)
$-26.00
-129.00
-140.00
-107.00
-13.00
Net Income/Loss (+)
$2526.00
-332.00
2357.00
2533.00
2965.00
2955.00
2912.00
3345.00
3484.00
3167.00
3257.00
3390.00
3315.00
730.00
799.00
2.29%9.45%Net Income/Loss (Common) (+)
$2526.00
-332.00
2357.00
2533.00
2965.00
2955.00
2912.00
3345.00
3484.00
3167.00
3257.00
3390.00
3315.00
730.00
799.00
2.29%9.45%EPS (Basic)
$6.94
-0.94
6.72
7.56
9.23
9.70
9.73
11.33
12.09
11.04
11.61
12.31
12.14
2.66
2.92
4.77%9.77%EPS (Diluted)
$6.87
-0.94
6.67
7.42
9.08
9.52
9.56
11.18
11.98
11.00
11.55
12.19
12.02
2.64
2.88
4.77%9.09%Weighted Avg Shares (Basic)
356.82
352.44
342.25
331.70
311.16
302.74
296.93
288.24
289.63
286.26
277.70
274.43
273.98
274.34
274.36
-2.18%0.01%Cash
$2649.00
3296.00
5301.00
4388.00
2785.00
2334.00
2983.00
963.00
902.00
2824.00
1603.00
1242.00
1913.00
2038.00
1036.00
-2.68%-49.17%Receivables
$4452.00
4204.00
4402.00
4050.00
3446.00
3611.00
8857.00
10335.00
11401.00
11185.00
11539.00
11803.00
11001.00
11084.00
11642.00
7.83%5.03%Inventory
$2310.00
2776.00
2968.00
3221.00
3366.00
3523.00
5303.00
5977.00
6306.00
5745.00
5340.00
6322.00
8578.00
7006.00
9589.00
11.55%36.87%Other Assets (Current)
$5957.00
5468.00
5215.00
5748.00
4974.00
5979.00
1185.00
914.00
1171.00
1789.00
1505.00
1696.00
2123.00
1460.00
1929.00
-8.24%32.12%Assets (Current)
$15368.00
15744.00
17886.00
17407.00
14571.00
15447.00
18328.00
18189.00
19780.00
21543.00
19987.00
21063.00
23615.00
21588.00
24196.00
3.64%12.08%Property, Plant & Equipment (Net)
$3284.00
3403.00
3415.00
3329.00
3466.00
3467.00
3517.00
4348.00
4475.00
5100.00
5417.00
5900.00
6198.00
5867.00
6192.00
5.44%5.54%Goodwill & Intangibles
$15389.00
13431.00
13194.00
12643.00
12206.00
12123.00
12616.00
22179.00
21992.00
22170.00
22076.00
22158.00
22242.00
22162.00
22052.00
3.12%-0.50%Other Assets
$842.00
1731.00
953.00
1976.00
1754.00
1835.00
585.00
692.00
2594.00
2495.00
2593.00
2464.00
2755.00
2479.00
2806.00
10.38%13.19%Assets (Non-current)
$19515.00
18565.00
17562.00
17948.00
17426.00
17425.00
16718.00
27219.00
29061.00
29765.00
30086.00
30522.00
31195.00
30508.00
31050.00
3.99%1.78%Assets (Total)
$34883.00
34309.00
35448.00
35355.00
31997.00
32872.00
35046.00
45408.00
48841.00
51308.00
50073.00
51585.00
54810.00
52096.00
55246.00
3.84%6.05%Accounts Payable
$2895.00
2469.00
2248.00
2057.00
1964.00
2538.00
3207.00
3179.00
3162.00
2952.00
3167.00
3398.00
3095.00
3248.00
3203.00
0.56%-1.39%Debt (Current)
$23.00
2.00
973.00
2920.00
3003.00
1005.00
1253.00
507.00
1257.00
507.00
29.40%-59.67%Other Liabilities (Current)
$8227.00
9151.00
9946.00
11694.00
10481.00
10308.00
9890.00
10587.00
10719.00
10009.00
9806.00
10690.00
12830.00
10979.00
13080.00
3.77%19.14%Liabilities (Current)
$11145.00
11620.00
12194.00
13751.00
12445.00
12846.00
13099.00
14739.00
16801.00
15964.00
13978.00
15341.00
16432.00
15484.00
16790.00
3.29%8.43%Debt (Non-current)
$3907.00
3908.00
3908.00
3410.00
2898.00
2988.00
3980.00
11444.00
9010.00
9995.00
10490.00
9243.00
8754.00
9245.00
8752.00
6.95%-5.33%Other Liabilities
$6599.00
7391.00
4845.00
6365.00
5916.00
6062.00
6532.00
7493.00
9453.00
9688.00
7964.00
8433.00
8325.00
8280.00
8294.00
1.96%0.17%Liabilities (Non-current)
$10506.00
11299.00
8753.00
9775.00
8814.00
9050.00
10512.00
18937.00
18463.00
19683.00
18454.00
17676.00
17079.00
17525.00
17046.00
4.13%-2.73%Liabilities (Total)
$21651.00
22919.00
20947.00
23526.00
21259.00
21896.00
23611.00
33676.00
35264.00
35647.00
32432.00
33017.00
33511.00
33009.00
33836.00
3.71%2.51%Treasury Stock
$5743.00
6165.00
6450.00
9396.00
12392.00
14156.00
15543.00
17244.00
17358.00
17893.00
19619.00
20721.00
21054.00
20796.00
21114.00
11.43%1.53%Retained Earnings
$18917.00
17860.00
19428.00
21127.00
23204.00
25227.00
26444.00
29326.00
31633.00
33498.00
35420.00
37403.00
39270.00
37769.00
39678.00
6.28%5.05%AOCI
$-2312.00
-2775.00
-1185.00
-2932.00
-3286.00
-3396.00
-2820.00
-3778.00
-4219.00
-3550.00
-1920.00
-2152.00
-1159.00
-1930.00
-1456.00
24.56%Shareholder's Equity
$13232.00
11390.00
14501.00
11829.00
10738.00
10976.00
11435.00
11732.00
13577.00
15661.00
17641.00
18568.00
21299.00
19087.00
21410.00
4.05%12.17%Liabilities & Equity
$34883.00
34309.00
35448.00
35355.00
31997.00
32872.00
35046.00
45408.00
48841.00
51308.00
50073.00
51585.00
54810.00
52096.00
55246.00
3.84%6.05%Net Income/Loss
$2526.00
-332.00
2357.00
2533.00
2965.00
2955.00
2912.00
3345.00
3484.00
3167.00
3257.00
3390.00
3315.00
730.00
799.00
2.29%9.45%Depreciation & Amortization
$354.00
620.00
556.00
496.00
482.00
454.00
441.00
763.00
466.00
523.00
568.00
586.00
608.00
149.00
152.00
4.61%2.01%Increase/Decrease in Working Capital
$135.00
-167.00
137.00
-378.00
1148.00
1794.00
-2.00
1110.00
1557.00
188.00
-64.00
-318.00
-528.00
-559.00
1283.00
329.52%Share-based Compensation
$128.00
114.00
120.00
128.00
110.00
100.00
123.00
140.00
133.00
128.00
126.00
165.00
181.00
38.00
34.00
2.93%-10.53%Adjustments to Reconcile Net Income
$686.00
3019.00
749.00
1195.00
-466.00
-757.00
967.00
-210.00
-503.00
691.00
1014.00
1189.00
1395.00
732.00
-1077.00
6.09%-247.13%Net Cash (Operating)
$3238.00
2687.00
3106.00
3728.00
2499.00
2198.00
3879.00
3148.00
2981.00
3858.00
4271.00
4579.00
4710.00
1462.00
-278.00
3.17%-119.02%Capital Expenditure
$2018.00
894.00
441.00
521.00
569.00
392.00
827.00
10789.00
1006.00
1170.00
887.00
1114.00
904.00
161.00
159.00
-6.47%-1.24%Net Cash (Investing)
$-1974.00
-656.00
-367.00
-1102.00
200.00
-426.00
-791.00
-10234.00
-994.00
-974.00
-882.00
-1489.00
-941.00
-190.00
-182.00
4.21%Increase/Decrease in Debt
$747.00
-18.00
-500.00
492.00
85.00
7312.00
-850.00
1519.00
-1497.00
-1000.00
-1250.00
Increase/Decrease in Equity
$-1468.00
-602.00
-740.00
-3382.00
-3200.00
-1996.00
-1395.00
-1633.00
-231.00
-587.00
-1828.00
-1229.00
-434.00
-90.00
-105.00
-16.67%Interest Expenses
$
18.00
26.00
44.44%Dividends Paid
$673.00
893.00
591.00
822.00
873.00
911.00
986.00
1075.00
1152.00
1240.00
1315.00
1369.00
1428.00
345.00
361.00
6.47%4.64%Net Cash (Financing)
$-1201.00
-1382.00
-725.00
-3575.00
-4259.00
-2169.00
-2399.00
5086.00
-1997.00
-903.00
-4590.00
-3471.00
-3094.00
-475.00
-416.00
12.42%Cash Taxes Paid
$
-58.00
33.00
156.90%Increase/Decrease in Cash
$36.00
647.00
2005.00
-913.00
-1603.00
-451.00
649.00
-2020.00
-61.00
1922.00
-1221.00
-361.00
671.00
796.00
-877.00
27.61%-210.18%Cash (Beginning)
$2613.00
2649.00
3296.00
5301.00
4388.00
2785.00
2334.00
2983.00
963.00
902.00
2824.00
1603.00
1242.00
1242.00
1913.00
-6.01%54.03%Cash (Ending)
$2649.00
3296.00
5301.00
4388.00
2785.00
2334.00
2983.00
963.00
902.00
2824.00
1603.00
1242.00
1913.00
2038.00
1036.00
-2.68%-49.17%NOPAT
$2626.13
-511.19
2539.76
2734.17
3019.93
3118.45
2983.43
3663.80
3853.79
3501.66
3500.88
3536.99
3532.17
778.11
1000.68
2.50%28.60%Gross Margin %
17.92%
16.19%
18.46%
19.04%
19.48%
19.93%
19.98%
17.74%
16.77%
15.42%
15.56%
16.03%
15.09%
14.64%
14.85%
Operating Margin %
11.71%
2.64%
11.80%
12.61%
13.28%
13.74%
13.49%
12.44%
11.81%
10.90%
10.82%
10.79%
10.12%
9.58%
9.73%
NOPAT Margin %
8.04%
-1.62%
8.14%
8.86%
9.60%
9.95%
9.63%
10.22%
9.79%
9.23%
9.10%
9.06%
8.42%
7.95%
9.40%
Net Margin %
7.73%
-1.05%
7.55%
8.21%
9.42%
9.42%
9.40%
9.33%
8.85%
8.35%
8.47%
8.68%
7.91%
7.46%
7.50%
Tax Rate %
31.36%
161.37%
31.08%
29.69%
27.72%
27.63%
28.57%
17.80%
17.09%
15.28%
15.90%
16.01%
16.79%
17.05%
3.41%
ROA
7.53%
-1.49%
7.16%
7.73%
9.44%
9.49%
8.51%
8.07%
7.89%
6.82%
6.99%
6.86%
6.44%
1.49%
1.81%
ROE
19.85%
-4.49%
17.51%
23.11%
28.12%
28.41%
26.09%
31.23%
28.38%
22.36%
19.85%
19.05%
16.58%
4.08%
4.67%
ROIC
12.46%
-2.57%
12.78%
14.84%
16.72%
17.96%
11.87%
10.37%
10.54%
8.96%
9.24%
9.14%
8.74%
2.03%
2.45%
Asset Turnover
0.94
0.92
0.88
0.87
0.98
0.95
0.88
0.79
0.81
0.74
0.77
0.76
0.76
0.19
0.19
Inventory Turnover
11.61
9.51
8.58
7.76
7.53
7.13
4.67
4.93
5.12
5.50
6.00
5.19
4.15
1.19
0.95
Equity Multiplier
2.64
3.01
2.44
2.99
2.98
2.99
3.06
3.87
3.60
3.28
2.84
2.78
2.57
2.73
2.58
Current Ratio
1.38
1.35
1.47
1.27
1.17
1.20
1.40
1.23
1.18
1.35
1.43
1.37
1.44
1.39
1.44
Quick Ratio
0.64
0.65
0.80
0.61
0.50
0.46
0.90
0.77
0.73
0.88
0.94
0.85
0.79
0.85
0.76
Debt/Equity Ratio
0.30
0.34
0.27
0.29
0.27
0.27
0.35
1.06
0.88
0.83
0.65
0.57
0.43
0.55
0.43
Interest Coverage Ratio
52.11
39.85
Working Capital/Sales
0.07
0.10
0.10
0.08
0.08
0.06
0.29
0.25
0.26
0.31
0.27
0.27
0.29
1.06
1.18
Dividend Payout Ratio %
25.63%
174.69%
23.27%
30.06%
28.91%
29.21%
33.05%
29.34%
29.89%
35.41%
37.56%
38.71%
40.43%
44.34%
36.08%
Total Payout
$1394.00
1513.00
1331.00
4204.00
4573.00
2415.00
2296.00
-4604.00
2233.00
308.00
4640.00
3598.00
3112.00
453.00
492.00
6.92%8.61%Payout Ratio %
53.08%
295.97%
52.41%
153.76%
151.43%
77.44%
76.96%
-125.66%
57.94%
8.80%
132.54%
101.72%
88.10%
58.22%
49.17%