General Dynamics Corporation (GD)
NYSE: GD · Real-Time Price · USD
331.27
+2.96 (0.90%)
At close: Oct 9, 2026, 4:00 PM EDT
333.70
+2.43 (0.73%)
After-hours: Oct 9, 2026, 7:40 PM EDT
General Dynamics Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 5, 2026 | Apr '26 Apr 5, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Oct '23 Oct 1, 2023 | Jul '23 Jul 2, 2023 | Apr '23 Apr 2, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 2, 2022 | Jul '22 Jul 3, 2022 | Apr '22 Apr 3, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 3, 2021 |
Net Income | 1,160 | 1,125 | 1,143 | 1,059 | 1,014 | 994 | 1,148 | 930 | 905 | 799 | 1,005 | 836 | 744 | 730 | 992 | 902 | - | 730 | 952 | 860 |
Depreciation & Amortization | 231 | 232 | 252 | 226 | 223 | 223 | 240 | 218 | 217 | 211 | 222 | 208 | 207 | 226 | 240 | 219 | - | 213 | 240 | 211 |
Stock-Based Compensation | 67 | 40 | 50 | 57 | 55 | 34 | 46 | 50 | 53 | 34 | 45 | 49 | 49 | 38 | 25 | 20 | - | 96 | 30 | 24 |
Other Operating Activities | 241 | 278 | -772 | 289 | 218 | -137 | -261 | 188 | 345 | -161 | -168 | 28 | -112 | -32 | 28 | -74 | - | -178 | -719 | 311 |
Change in Accounts Receivable | -334 | -504 | 1,139 | 83 | 384 | -1,196 | 801 | -287 | -125 | -634 | 592 | 5 | -371 | 725 | -891 | 158 | - | 643 | -153 | -159 |
Change in Inventory | 80 | 55 | 581 | 76 | -115 | -92 | 417 | -460 | -141 | -1,011 | -315 | -640 | -636 | -628 | -65 | -99 | - | -234 | 311 | 152 |
Change in Accounts Payable | 31 | 165 | -783 | 380 | -274 | 13 | 54 | 318 | -225 | 100 | -220 | -50 | 117 | -150 | 292 | -39 | - | 23 | 485 | 73 |
Change in Unearned Revenue | 404 | 764 | -49 | -61 | 93 | 13 | -285 | 459 | -215 | 384 | 244 | 885 | 733 | 553 | 2,082 | - | - | - | - | - |
Change in Income Taxes | - | - | - | - | - | - | - | - | - | - | -209 | - | - | - | -436 | - | - | - | -45 | - |
Change in Other Net Operating Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1,598 | 196 | - | 675 | 581 | -1 |
Operating Cash Flow | 1,877 | 2,152 | 1,559 | 2,106 | 1,595 | -150 | 2,157 | 1,415 | 813 | -279 | 1,196 | 1,319 | 730 | 1,461 | 668 | 1,283 | - | 1,968 | 1,678 | 1,468 |
Operating Cash Flow Growth (YoY) | 17.68% | - | -27.72% | 48.83% | 96.19% | - | 80.35% | 7.28% | 11.37% | - | 79.04% | 2.81% | - | -25.76% | -60.19% | -12.60% | - | - | -34.02% | 33.09% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 5, 2026 | Apr '26 Apr 5, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Oct '23 Oct 1, 2023 | Jul '23 Jul 2, 2023 | Apr '23 Apr 2, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 2, 2022 | Jul '22 Jul 3, 2022 | Apr '22 Apr 3, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 3, 2021 |
Capital Expenditures | -234 | -203 | -609 | -212 | -198 | -142 | -355 | -201 | -201 | -159 | -304 | -227 | -212 | -161 | -494 | -255 | - | -141 | -385 | -196 |
Other Investing Activities | 12 | 1 | -253 | 6 | 112 | 12 | -10 | -80 | 76 | -23 | -29 | 23 | -2 | -29 | 3 | -378 | - | -6 | 4 | 3 |
Investing Cash Flow | -222 | -202 | -862 | -206 | -86 | -130 | -365 | -281 | -125 | -182 | -333 | -204 | -214 | -190 | -491 | -633 | - | -147 | -381 | -193 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 5, 2026 | Apr '26 Apr 5, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Oct '23 Oct 1, 2023 | Jul '23 Jul 2, 2023 | Apr '23 Apr 2, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 2, 2022 | Jul '22 Jul 3, 2022 | Apr '22 Apr 3, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 3, 2021 |
Short-Term Debt Issued | - | - | - | - | - | 1,590 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Debt Issued | - | - | - | -696 | -147 | 1,590 | - | - | - | - | - | - | - | - | - | - | - | - | 6 | - |
Long-Term Debt Repaid | - | - | - | - | - | -750 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Debt Repaid | -500 | - | - | - | -750 | -750 | -500 | - | - | - | - | -500 | -750 | - | -1,000 | - | - | - | -1,997 | -500 |
Net Debt Issued (Repaid) | -500 | - | - | -696 | -897 | 840 | -500 | - | - | - | - | -500 | -750 | - | -1,000 | - | - | - | -1,991 | -500 |
Repurchase of Common Stock | -102 | -217 | -37 | - | - | -600 | -1,318 | -44 | -34 | -105 | - | -56 | -288 | -90 | -110 | -25 | - | -294 | -337 | -139 |
Common Dividends Paid | -429 | -405 | -405 | -403 | -402 | -383 | -389 | -390 | -389 | -361 | -360 | -363 | -360 | -345 | -345 | -345 | - | -330 | -332 | -332 |
Other Financing Activities | 55 | -7 | -442 | 196 | 71 | -32 | 11 | 39 | 61 | 50 | 58 | 2 | -2 | -40 | 24 | -7 | - | 107 | -173 | -115 |
Financing Cash Flow | -976 | -629 | -884 | -903 | -1,228 | -175 | -2,196 | -395 | -362 | -416 | -302 | -917 | -1,400 | -475 | -1,431 | -377 | - | -517 | -2,833 | -1,086 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 5, 2026 | Apr '26 Apr 5, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Oct '23 Oct 1, 2023 | Jul '23 Jul 2, 2023 | Apr '23 Apr 2, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 2, 2022 | Jul '22 Jul 3, 2022 | Apr '22 Apr 3, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 3, 2021 |
Net Cash Flow | 679 | 1,321 | -187 | 997 | 281 | -455 | -404 | 739 | 326 | -877 | 561 | 198 | -884 | 796 | -1,254 | 273 | - | 1,304 | -1,536 | 189 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 5, 2026 | Apr '26 Apr 5, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Oct '23 Oct 1, 2023 | Jul '23 Jul 2, 2023 | Apr '23 Apr 2, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 2, 2022 | Jul '22 Jul 3, 2022 | Apr '22 Apr 3, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 3, 2021 |
Free Cash Flow | 1,643 | 1,949 | 950 | 1,894 | 1,397 | -292 | 1,802 | 1,214 | 612 | -438 | 892 | 1,092 | 518 | 1,300 | 174 | 1,028 | - | 1,827 | 1,293 | 1,272 |
Free Cash Flow Growth (YoY) | 17.61% | - | -47.28% | 56.01% | 128.27% | - | 102.02% | 11.17% | 18.15% | - | 412.64% | 6.23% | - | -28.84% | -86.54% | -19.18% | - | - | -41.17% | 43.41% |
Free Cash Flow Margin | 11.66% | 14.46% | 6.61% | 14.67% | 10.71% | -2.39% | 13.51% | 10.40% | 5.11% | -4.08% | 7.65% | 10.33% | 5.10% | 13.16% | 1.60% | 10.31% | - | 19.45% | 12.56% | 13.29% |
Free Cash Flow Per Share | 6.01 | 7.11 | 3.47 | 6.95 | 5.16 | -1.07 | 6.51 | 4.37 | 2.20 | -1.58 | 3.23 | 3.98 | 1.88 | 4.70 | 0.63 | 3.72 | - | 6.53 | 4.61 | 4.54 |
Levered Free Cash Flow | 992.75 | 1,700 | 272.88 | 1,311 | 1,894 | -232.25 | 422.13 | 1,302 | 887.25 | -410.5 | 268.75 | 519.5 | 264.25 | 976 | -71 | 937.63 | - | 1,289 | 1,283 | 937.25 |
Unlevered Free Cash Flow | 1,023 | 1,743 | 367.25 | 1,357 | 1,949 | -176.63 | 512.75 | 1,353 | 939.75 | -359.25 | 352.5 | 572.63 | 319.88 | 1,033 | -1 | 991.38 | - | 1,350 | 1,345 | 999.13 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 5, 2026 | Apr '26 Apr 5, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Oct '23 Oct 1, 2023 | Jul '23 Jul 2, 2023 | Apr '23 Apr 2, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 2, 2022 | Jul '22 Jul 3, 2022 | Apr '22 Apr 3, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 3, 2021 |
Cash Interest Paid | 56 | 93 | 138 | 35 | 161 | 42 | 172 | 19 | 168 | 26 | 154 | 29 | 177 | 18 | 177 | 15 | - | 93 | 104 | 101 |
Cash Income Tax Paid | 255 | 18 | 305 | 27 | 202 | 34 | 435 | 173 | - | 33 | 607 | 166 | 269 | 58 | 478 | 202 | - | 15 | 238 | 257 |
Change in Working Capital | 181 | 480 | 888 | 478 | 88 | -1,262 | 987 | 30 | -706 | -1,161 | 92 | 200 | -157 | 500 | -616 | 216 | - | 1,107 | 1,179 | 65 |