General Dynamics Corporation (BVMF:GDBR34)

General Dynamics Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 28, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	4,215	3,782	3,315	3,390	3,257	3,167
Depreciation & Amortization	912	886	863	884	890	878
Stock-Based Compensation	192	183	181	165	126	128
Other Operating Activities	-157	-155	-284	-540	-638	-111
Change in Accounts Receivable	72	-245	951	-210	-272	255
Change in Inventory	286	-1,195	-2,219	-980	405	502
Change in Accounts Payable	173	247	-303	224	194	-215
Change in Unearned Revenue	-240	343	2,415	2,082	354	-
Change in Income Taxes	266	266	-209	-436	-45	-39
Change in Other Net Operating Assets	-	-	-	-	-	-707
Operating Cash Flow	5,708	4,106	4,706	4,599	4,251	3,799
Operating Cash Flow Growth	81.49%	-12.75%	2.33%	8.19%	11.90%	29.66%
Capital Expenditures	-907	-916	-904	-1,114	-887	-967
Other Investing Activities	120	-37	-37	-375	5	-7
Investing Cash Flow	-787	-953	-941	-1,489	-882	-974
Short-Term Debt Issued	-	-	-	-	1,997	420
Long-Term Debt Issued	-	-	-	-	1,497	3,960
Total Debt Issued	747	-	-	-	3,494	4,380
Short-Term Debt Repaid	-	-	-	-	-1,997	-420
Long-Term Debt Repaid	-	-500	-1,250	-1,000	-3,000	-2,941
Total Debt Repaid	-2,000	-500	-1,250	-1,000	-4,997	-3,361
Net Debt Issued (Repaid)	-1,253	-500	-1,250	-1,000	-1,503	1,019
Repurchase of Common Stock	-1,918	-1,501	-434	-1,229	-1,828	-587
Common Dividends Paid	-1,577	-1,529	-1,428	-1,369	-1,315	-1,240
Other Financing Activities	246	161	18	127	56	-95
Financing Cash Flow	-4,502	-3,369	-3,094	-3,471	-4,590	-903
Net Cash Flow	419	-216	671	-361	-1,221	1,922
Free Cash Flow	4,801	3,190	3,802	3,485	3,364	2,832
Free Cash Flow Growth	110.57%	-16.10%	9.10%	3.60%	18.79%	45.75%
Free Cash Flow Margin	9.32%	6.69%	8.99%	8.84%	8.74%	7.47%
Free Cash Flow Per Share	17.58	11.50	13.79	12.53	11.93	9.84
Cash Interest Paid	410	385	378	383	433	459
Cash Income Tax Paid	698	560	1,100	1,245	740	764
Levered Free Cash Flow	3,507	2,304	2,127	2,293	2,938	2,102
Unlevered Free Cash Flow	3,754	2,550	2,376	2,538	3,207	2,408
Change in Working Capital	557	-584	635	680	636	-204

Source: S&P Global Market Intelligence. Standard template. Financial Sources.