Financial Statements

General Dynamics Corporation (GD)

$271.85

-1.40 (-0.51%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands , Years are calendar years not fiscal years

Retained Earning Schedule

Year 2023 2022 2021 2020 2019
Retained Earnings (Previous Year) 37,40335,42033,49831,633-
Net Income 3,3153,3903,2573,1673,484
Stock Dividends -20-38-20-6229,301
Dividend Paid -1,428-1,369-1,315-1,240-1,152
Retained Earnings 39,27037,40335,42033,49831,633

PPE Schedule

Year 2023 2022 2021 2020 2019
Gross PPE 5,9005,4175,1004,475-
Annual Depreciation 1,2021,5971,2041,5925,462
Capital Expenditure -904-1,114-887-967-987
Net PPE 6,1985,9005,4175,1004,475

Intangible and Goodwill Schedule

Year 2023 2022 2021 2020 2019
Intangible and Goodwill (Previous Year) -19,67720,05320,09820,334
New Purchases -----
Intangible and Goodwill 19,67720,05320,09820,33420,586

General Dynamics Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes General Dynamics Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.