General Dynamics (GD) balance sheet
NYSE · Industrials · Aerospace & Defense · 117,000 employees · CEO Phebe N. Novakovic
- Price
- $372.59 +0.48%
- Market cap
- $101B
- Enterprise value
- $105B
- Last report
- Q3 '26 filed 2026-10-30
- Next report
- 2027-01-27 EPS est. $4.51
At the end of Q3 '26 General Dynamics (GD) held $4.39B in cash and short-term investments against $9.03B of debt incl. leases. Total assets $60.2B, total liabilities $32.9B, shareholders' equity $27.3B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.91B | $1.04B | $1.36B | $2.1B | $1.7B | $1.24B | $1.52B | $2.52B | $2.33B | $3.65B | $4.33B | $4.39B | |
| Receivables | $11B | $11.6B | $11.7B | $12B | $11.2B | $12.4B | $12B | $11.9B | $10.8B | $11.3B | $11.7B | $11.4B | |
| Inventory | $8.58B | $9.59B | $9.69B | $10.1B | $9.72B | $9.82B | $9.89B | $9.81B | $9.23B | $9.18B | $9.1B | $9.12B | |
| Other current assets | $2.12B | $1.93B | $1.54B | $1.48B | $1.74B | $1.63B | $1.63B | $1.58B | $1.9B | $1.92B | $1.96B | $1.93B | |
| Current assets | $23.6B | $24.2B | $24.3B | $25.7B | $24.4B | $25.1B | $25.1B | $25.9B | $24.2B | $26.1B | $27B | $26.9B | |
| Property, plant & equipment (net) | $6.2B | $6.19B | $6.28B | $6.32B | $6.47B | $6.46B | $6.56B | $6.6B | $7.53B | $7.5B | $7.58B | $7.85B | |
| Long-term investments | -$28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Goodwill | $20.6B | $20.5B | $20.5B | $20.8B | $20.6B | $20.6B | $20.9B | $20.9B | $21B | $21B | $20.9B | $20.8B | |
| Intangible assets | $1.66B | $1.59B | $1.55B | $1.58B | $1.52B | $1.46B | $1.44B | $1.4B | $1.38B | $1.33B | $1.28B | $1.23B | |
| Deferred tax assets | $28M | $35M | $29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-current assets | $2.76B | $2.77B | $2.82B | $2.91B | $2.95B | $2.92B | $2.95B | $2.87B | $3.09B | $3.19B | $3.34B | $3.4B | |
| Non-current assets | $31.2B | $31.1B | $31.1B | $31.6B | $31.5B | $31.5B | $31.8B | $31.7B | $33B | $33B | $33.1B | $33.3B | |
| Total assets | $54.8B | $55.2B | $55.4B | $57.3B | $55.9B | $56.6B | $56.9B | $57.6B | $57.2B | $59B | $60.2B | $60.2B | |
| Liabilities | |||||||||||||
| Accounts payable | $3.1B | $3.2B | $2.97B | $3.29B | $3.34B | $3.36B | $3.08B | $3.46B | $2.68B | $2.84B | $2.87B | $3.17B | |
| Accrued expenses | $1.19B | $959M | $1.13B | $1.18B | $1.33B | $986M | $1.19B | $1.24B | $1.13B | $0 | $1.17B | $1.36B | |
| Short-term debt | $507M | $507M | $2B | $2.01B | $1.5B | $2.35B | $1.2B | $1.01B | $1.01B | $1.76B | $1.26B | $756M | |
| Deferred revenue | $9.56B | $9.97B | $10.1B | $10.9B | $9.49B | $9.77B | $10.7B | $10.5B | $9.82B | $10.8B | $11B | $11.1B | |
| Other current liabilities | $1.39B | $1.44B | $1.37B | $1.44B | $1.45B | $1.58B | $1.51B | $1.58B | $1.46B | $3.38B | $1.67B | $1.7B | |
| Current liabilities | $16.4B | $16.8B | $18.3B | $19.6B | $17.8B | $18.8B | $18.4B | $18.5B | $16.8B | $18.8B | $18.8B | $18.8B | |
| Long-term debt | $8.75B | $8.75B | $7.26B | $7.26B | $7.26B | $7.26B | $7.51B | $7.01B | $7.01B | $6.26B | $6.26B | $6.26B | |
| Lease obligations (non-current) | $1.5B | $1.48B | $1.55B | $1.58B | $1.6B | $1.58B | $1.59B | $1.55B | $1.48B | $0 | $1.63B | $1.68B | |
| Deferred revenue (non-current) | $2.58B | $2.56B | $2.21B | $1.85B | $3B | $2.73B | $1.9B | $2.06B | $2.65B | $0 | $0 | $0 | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.33B | $0 | |
| Other non-current liabilities | $4.25B | $4.25B | $4.13B | $4.1B | $4.14B | $4.03B | $3.93B | $4.09B | $3.7B | $7.87B | $5.35B | $6.15B | |
| Non-current liabilities | $17.1B | $17B | $15.1B | $14.8B | $16B | $15.6B | $14.9B | $14.7B | $14.8B | $14.1B | $14.6B | $14.1B | |
| Total liabilities | $33.5B | $33.8B | $33.4B | $34.3B | $33.8B | $34.4B | $33.3B | $33.2B | $31.6B | $33B | $33.3B | $32.9B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $482M | $482M | $482M | $482M | $482M | $482M | $482M | $482M | $482M | $482M | $482M | $482M | |
| Retained earnings | $39.3B | $39.7B | $40.2B | $40.7B | $41.5B | $42.1B | $42.7B | $43.3B | $44.1B | $44.8B | $45.5B | $46.3B | |
| Accumulated other comprehensive income | -$1.16B | -$1.46B | -$1.43B | -$1.1B | -$1.52B | -$1.37B | -$795M | -$860M | -$483M | -$557M | -$583M | -$732M | |
| Shareholders' equity | $21.3B | $21.4B | $22B | $23B | $22.1B | $22.2B | $23.6B | $24.4B | $25.6B | $26.1B | $26.8B | $27.3B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $11.1B | $11.1B | $11.1B | $11.2B | $10.7B | $11.5B | $10.6B | $9.88B | $9.79B | $8.01B | $9.48B | $9.03B | |
| Net debt (debt - cash) | $9.17B | $10B | $9.76B | $9.07B | $8.98B | $10.3B | $9.1B | $7.36B | $7.46B | $4.36B | $5.15B | $4.64B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $2.33B | $2.98B | $963M | $902M | $2.82B | $1.6B | $1.24B | $1.91B | $1.7B | $2.33B | |
| Receivables | $7.61B | $8.86B | $10.3B | $11.4B | $11.2B | $11.5B | $11.8B | $11B | $11.2B | $10.8B | |
| Inventory | $8.81B | $5.3B | $5.98B | $6.31B | $5.75B | $5.34B | $6.32B | $8.58B | $9.72B | $9.23B | |
| Other current assets | $1.47B | $1.19B | $914M | $1.68B | $1.79B | $1.51B | $1.7B | $2.12B | $1.74B | $1.9B | |
| Current assets | $15.4B | $18.3B | $18.2B | $20.3B | $21.5B | $20B | $21.1B | $23.6B | $24.4B | $24.2B | |
| Property, plant & equipment (net) | $3.47B | $3.52B | $4.35B | $4.48B | $5.1B | $5.42B | $5.9B | $6.2B | $6.47B | $7.53B | |
| Long-term investments | -$1.36B | $0 | $0 | -$33M | $0 | -$41M | -$39M | -$28M | $0 | $0 | |
| Goodwill | $11.4B | $11.9B | $19.6B | $19.7B | $20.1B | $20.1B | $20.3B | $20.6B | $20.6B | $21B | |
| Intangible assets | $678M | $702M | $2.59B | $2.32B | $2.12B | $1.98B | $1.82B | $1.66B | $1.52B | $1.38B | |
| Deferred tax assets | $1.36B | $0 | $0 | $33M | $0 | $41M | $39M | $0 | $0 | $0 | |
| Other non-current assets | $1.84B | $585M | $692M | $2.59B | $2.5B | $2.59B | $2.46B | $2.78B | $2.95B | $3.09B | |
| Non-current assets | $17.4B | $16.7B | $27.2B | $29.1B | $29.8B | $30.1B | $30.5B | $31.2B | $31.5B | $33B | |
| Total assets | $32.9B | $35B | $45.4B | $48.8B | $51.3B | $50.1B | $51.6B | $54.8B | $55.9B | $57.2B | |
| Liabilities | |||||||||||
| Accounts payable | $2.54B | $3.21B | $3.18B | $3.16B | $2.95B | $3.17B | $3.4B | $3.1B | $3.34B | $2.68B | |
| Accrued expenses | $1.33B | $786M | $952M | $941M | $1.01B | $1.02B | $1.12B | $1.19B | $1.33B | $1.13B | |
| Short-term debt | $900M | $2M | $973M | $2.92B | $3B | $1.01B | $1.25B | $507M | $1.5B | $1.01B | |
| Taxes payable | $1.26B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $4.94B | $6.99B | $7.27B | $7.15B | $6.28B | $6.27B | $7.44B | $9.56B | $9.49B | $9.82B | |
| Other current liabilities | $7.42B | $2.11B | $2.37B | $2.38B | $2.08B | $1.85B | $1.5B | $1.39B | $1.45B | $1.46B | |
| Current liabilities | $12.8B | $13B | $14.7B | $16.8B | $16B | $14B | $15.3B | $16.4B | $17.8B | $16.8B | |
| Long-term debt | $2.99B | $3.98B | $11.4B | $9.01B | $10B | $10.5B | $9.24B | $8.75B | $7.26B | $7.01B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $1.25B | $1.4B | $1.34B | $1.33B | $1.5B | $1.6B | $1.48B | |
| Deferred revenue (non-current) | $418M | $814M | $726M | $709M | $872M | $1.25B | $2.18B | $2.58B | $3B | $2.65B | |
| Deferred tax liabilities | $72M | $244M | $577M | $588M | $461M | $0 | $0 | $0 | $0 | $0 | |
| Other non-current liabilities | $6.43B | $6.29B | $6.92B | $7.01B | $6.95B | $5.37B | $4.93B | $4.25B | $4.14B | $3.7B | |
| Non-current liabilities | $9.05B | $10.5B | $18.9B | $18.6B | $19.7B | $18.5B | $17.7B | $17.1B | $16B | $14.8B | |
| Total liabilities | $21.9B | $23.6B | $33.7B | $35.3B | $35.6B | $32.4B | $33B | $33.5B | $33.8B | $31.6B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $482M | $482M | $482M | $482M | $482M | $482M | $482M | $482M | $482M | $482M | |
| Retained earnings | $25.2B | $26.4B | $29.3B | $31.6B | $33.5B | $35.4B | $37.4B | $39.3B | $41.5B | $44.1B | |
| Accumulated other comprehensive income | -$3.4B | -$2.82B | -$3.78B | -$4.22B | -$3.55B | -$1.92B | -$2.15B | -$1.16B | -$1.52B | -$483M | |
| Shareholders' equity | $11B | $11.4B | $11.7B | $13.6B | $15.7B | $17.6B | $18.6B | $21.3B | $22.1B | $25.6B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $3.89B | $3.98B | $12.4B | $13.4B | $14.7B | $13.2B | $12.1B | $11.1B | $10.7B | $9.79B | |
| Net debt (debt - cash) | $1.55B | $999M | $11.5B | $12.5B | $11.9B | $11.6B | $10.9B | $9.17B | $8.98B | $7.46B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-10-04, 10-Q 2026-07-05, 10-Q 2026-04-05, 10-K 2025-12-31, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-31, 10-Q 2024-09-29
Data as of 2026-11-01