General Historical Income Statement
| GD Stock | USD 263.04 2.39 0.90% |
Historical analysis of General Dynamics income statement accounts such as Total Revenue of 22.3 B can show how well General Dynamics performed in making a profits. Evaluating General Dynamics income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of General Dynamics's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining General Dynamics latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether General Dynamics is a good buy for the upcoming year.
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About General Income Statement Analysis
General Dynamics Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to General Dynamics shareholders. The income statement also shows General investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
General Dynamics Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of General Dynamics minus its cost of goods sold. It is profit before General Dynamics operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of General Dynamics. It is also known as General Dynamics overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from General Dynamics operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of General Dynamics is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in General Dynamics financial statement analysis. It represents the amount of money remaining after all of General Dynamics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from General Dynamics' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into General Dynamics current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Dynamics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade General Stock refer to our How to Trade General Stock guide.At present, General Dynamics' Cost Of Revenue is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 39.9 B, whereas Total Revenue is forecasted to decline to about 22.3 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.4B | 6.6B | 4.2B | 3.3B | Total Revenue | 38.5B | 39.4B | 42.3B | 22.3B |
General Dynamics income statement Correlations
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General Dynamics Account Relationship Matchups
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General Dynamics income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 829M | 878M | 890M | 884M | 863M | 441.2M | |
| Interest Expense | 460M | 477M | 431M | 391M | 399M | 419.0M | |
| Total Revenue | 39.4B | 37.9B | 38.5B | 39.4B | 42.3B | 22.3B | |
| Gross Profit | 7.1B | 6.3B | 6.4B | 6.6B | 4.2B | 3.3B | |
| Other Operating Expenses | 34.7B | 33.8B | 34.3B | 35.2B | 38.0B | 19.9B | |
| Operating Income | 4.6B | 4.1B | 4.2B | 4.2B | 4.2B | 2.4B | |
| Ebit | 4.6B | 4.2B | 4.3B | 4.4B | 4.2B | 2.4B | |
| Ebitda | 5.5B | 5.1B | 5.2B | 5.3B | 4.2B | 2.8B | |
| Cost Of Revenue | 32.3B | 31.6B | 32.1B | 32.8B | 38.0B | 39.9B | |
| Total Operating Expenses | 34.7B | 33.8B | 34.3B | 35.2B | 38.0B | 39.9B | |
| Income Before Tax | 4.2B | 3.7B | 3.9B | 4.0B | 4.0B | 2.2B | |
| Total Other Income Expense Net | (446M) | (395M) | (290M) | (175M) | (261M) | (248.0M) | |
| Net Income | 3.5B | 3.2B | 3.3B | 3.4B | 3.3B | 1.7B | |
| Income Tax Expense | 718M | 571M | 616M | 646M | (669M) | (635.6M) | |
| Selling General Administrative | 2.3B | 2.4B | 2.2B | 2.2B | 2.4B | 2.2B | |
| Net Income Applicable To Common Shares | 3.5B | 3.2B | 3.3B | 3.4B | 3.9B | 2.4B | |
| Net Income From Continuing Ops | 3.5B | 3.2B | 3.3B | 3.4B | 3.3B | 3.0B | |
| Non Operating Income Net Other | 14M | 82M | 134M | 189M | 217.4M | 228.2M | |
| Tax Provision | 718M | 571M | 616M | 646M | 669M | 663.5M | |
| Interest Income | 12M | 477M | 424M | 364M | 56M | 53.2M | |
| Net Interest Income | (460M) | (477M) | (424M) | (364M) | (343M) | (360.2M) | |
| Reconciled Depreciation | 829M | 878M | 890M | 884M | 863M | 871.8M |
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Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of General Dynamics. If investors know General will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about General Dynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.102 | Dividend Share 5.58 | Earnings Share 13.11 | Revenue Per Share 168.226 | Quarterly Revenue Growth 0.104 |
The market value of General Dynamics is measured differently than its book value, which is the value of General that is recorded on the company's balance sheet. Investors also form their own opinion of General Dynamics' value that differs from its market value or its book value, called intrinsic value, which is General Dynamics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because General Dynamics' market value can be influenced by many factors that don't directly affect General Dynamics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between General Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if General Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, General Dynamics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.