General Dynamics Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,333	1,697	1,913	1,242	1,603
Cash & Short-Term Investments	2,333	1,697	1,913	1,242	1,603
Cash Growth	37.48%	-11.29%	54.03%	-22.52%	-43.24%
Receivables	10,786	11,225	11,001	11,803	11,539
Inventory	9,232	9,724	8,578	6,322	5,340
Other Current Assets	1,897	1,740	2,123	1,696	1,505
Total Current Assets	24,248	24,386	23,615	21,063	19,987
Property, Plant & Equipment	9,201	8,263	7,885	7,390	6,993
Goodwill	21,009	20,556	20,586	20,334	20,098
Other Intangible Assets	1,375	1,520	1,656	1,824	1,978
Long-Term Deferred Tax Assets	19	19	28	39	41
Other Long-Term Assets	1,397	1,136	1,040	935	976
Total Assets	57,249	55,880	54,810	51,585	50,073
Accounts Payable	2,678	3,344	3,095	3,398	3,167
Accrued Expenses	1,361	1,569	1,428	1,331	1,580
Current Portion of Long-Term Debt	1,006	1,502	507	1,253	1,005
Current Portion of Leases	299	319	325	288	337
Current Unearned Revenue	9,824	9,491	9,564	7,436	6,266
Other Current Liabilities	1,628	1,599	1,513	1,635	1,623
Total Current Liabilities	16,796	17,824	16,432	15,341	13,978
Long-Term Debt	7,007	7,260	8,754	9,243	10,490
Long-Term Leases	1,477	1,595	1,497	1,330	1,343
Long-Term Unearned Revenue	2,649	2,996	2,576	2,175	1,250
Pension & Post-Retirement Benefits	1,134	2,024	2,219	2,453	2,813
Other Long-Term Liabilities	2,564	2,118	2,033	2,475	2,558
Total Liabilities	31,627	33,817	33,511	33,017	32,432
Common Stock	482	482	482	482	482
Additional Paid-In Capital	4,403	4,062	3,760	3,556	3,278
Retained Earnings	44,080	41,487	39,270	37,403	35,420
Treasury Stock	-22,860	-22,450	-21,054	-20,721	-19,619
Comprehensive Income & Other	-483	-1,518	-1,159	-2,152	-1,920
Shareholders' Equity	25,622	22,063	21,299	18,568	17,641
Total Liabilities & Equity	57,249	55,880	54,810	51,585	50,073
Total Debt	9,789	10,676	11,083	12,114	13,175
Net Cash (Debt)	-7,456	-8,979	-9,170	-10,872	-11,572
Net Cash Per Share	-27.37	-32.36	-33.26	-39.08	-41.03
Filing Date Shares Outstanding	269.98	269.95	273.54	273.94	277.17
Total Common Shares Outstanding	269.98	269.94	273.16	273.92	277.09
Working Capital	7,452	6,562	7,183	5,722	6,009
Book Value Per Share	94.90	81.73	77.97	67.79	63.67
Tangible Book Value	3,238	-13	-943	-3,590	-4,435
Tangible Book Value Per Share	11.99	-0.05	-3.45	-13.11	-16.01
Land	522	438	454	414	414
Buildings	5,763	4,886	4,654	4,238	3,712
Machinery	7,383	7,067	6,806	6,620	6,281
Construction In Progress	1,462	1,173	1,086	1,020	1,057
Order Backlog	118,046	90,597	-	-	-

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