GENERAL DYNAMICS CORPORATION (GD) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-29

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GENERAL DYNAMICS CORPORATION cash flow reconciliation, Jul 1, 2024 through Sep 29, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings → Net cash from operating activities: $930,000,000.00Customer advances and deposits → Operating adjustments reconciliation: $459,000,000.00Accounts payable → Operating adjustments reconciliation: $318,000,000.00Other, net → Operating adjustments reconciliation: $205,000,000.00Depreciation of property, plant and equipment → Operating adjustments reconciliation: $158,000,000.00Amortization of intangible and finance lease right-of-use assets → Operating adjustments reconciliation: $60,000,000.00Equity-based compensation expense → Operating adjustments reconciliation: $50,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $486,000,000.00Operating adjustments reconciliation → Inventories: $460,000,000.00Operating adjustments reconciliation → Unbilled receivables: $273,000,000.00Operating adjustments reconciliation → Deferred income tax benefit: $17,000,000.00Operating adjustments reconciliation → Accounts receivable: $14,000,000.00Net cash used in investing activities → investing reconciliation: $281,000,000.00investing reconciliation → Capital expenditures: $201,000,000.00investing reconciliation → Other, net: $80,000,000.00Net cash used in financing activities → financing reconciliation: $395,000,000.00Other, net → financing reconciliation: $39,000,000.00financing reconciliation → Dividends paid: $390,000,000.00financing reconciliation → Purchases of common stock: $44,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,362,000,000.00Net cash from operating activities → Cash sources and uses: $1,416,000,000.00Cash sources and uses → Net cash used by discontinued operations: $1,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,101,000,000.00Cash sources and uses → Net cash used in investing activities: $281,000,000.00Cash sources and uses → Net cash used in financing activities: $395,000,000.00Accounts payable: $318,000,000.00Accounts payable+$318.00 MEquity-based compensation expense: $50,000,000.00Stock-based compensation+$50.00 MNet earnings: $930,000,000.00Net earnings+$930.00 MUnbilled receivables: -$273,000,000.00Contract assets−$273.00 MDepreciation of property, plant and equipment: $158,000,000.00Depreciation expense+$158.00 MDeferred income tax benefit: -$17,000,000.00Deferred income taxes−$17.00 MAmortization of intangible and finance lease right-of-use assets: $60,000,000.00Intangible & finance lease amort.+$60.00 MCustomer advances and deposits: $459,000,000.00Deferred revenue+$459.00 MOther, net: $205,000,000.00Other working capital, net+$205.00 MAccounts receivable: -$14,000,000.00Accounts receivable−$14.00 MInventories: -$460,000,000.00Inventories−$460.00 MNet cash from operating activities: $1,416,000,000.00Operating cash+$1.42 BOperating adjustments reconciliation: $1,250,000,000.00Dividends paid: -$390,000,000.00Dividends paid−$390.00 MRepayment of fixed-rate notes: $0.00Other, net: $39,000,000.00Other financing, net+$39.00 MPurchases of common stock: -$44,000,000.00Common stock repurchases−$44.00 MNet cash used in financing activities: -$395,000,000.00. Cash required to fund net payments.Financing cash−$395.00 Mfinancing reconciliation: $434,000,000.00Capital expenditures: -$201,000,000.00PP&E purchases−$201.00 MOther, net: -$80,000,000.00Other investing, net−$80.00 MNet cash used in investing activities: -$281,000,000.00. Cash required to fund net payments.Investing cash−$281.00 Minvesting reconciliation: $281,000,000.00Cash sources and uses: $2,778,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,362,000,000.00Beginning cash$1.36 BEnding cash: Cash, cash equivalents, and restricted cash: $2,101,000,000.00Ending cash$2.10 BNet cash used by discontinued operations: -$1,000,000.00Net cash used bydiscontinued operations−$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.22 BOperating cash − cash spent on PP&ECash flow / Net income1.52×Operating cash flow ÷ net incomeNet cash change+$739.00 MEnding cash − beginning cash
Chart details

GENERAL DYNAMICS CORPORATION cash flow reconciliation, Jul 1, 2024 through Sep 29, 2024

Cash flows for Jul 1, 2024 through Sep 29, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 29, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
1,362,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,416,000,000 US dollars. Net cash provided.
Net earnings
930,000,000 US dollars
Accounts payable
318,000,000 US dollars
Equity-based compensation expense
50,000,000 US dollars
Unbilled receivables
negative 273,000,000 US dollars
Depreciation of property, plant and equipment
158,000,000 US dollars
Deferred income tax benefit
negative 17,000,000 US dollars
Amortization of intangible and finance lease right-of-use assets
60,000,000 US dollars
Customer advances and deposits
459,000,000 US dollars
Other, net
205,000,000 US dollars
Accounts receivable
negative 14,000,000 US dollars
Inventories
negative 460,000,000 US dollars
Investing activities
negative 281,000,000 US dollars. Net cash used.
Capital expenditures
negative 201,000,000 US dollars
Other, net
negative 80,000,000 US dollars
Financing activities
negative 395,000,000 US dollars. Net cash used.
Dividends paid
negative 390,000,000 US dollars
Repayment of fixed-rate notes
0 US dollars
Other, net
39,000,000 US dollars
Purchases of common stock
negative 44,000,000 US dollars
Operating adjustment reconciliation
1,250,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
434,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
281,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Net cash used by discontinued operations
negative 1,000,000 US dollars. Out of cash; drawn as the small gray flow above ending cash.
Ending cash on Sep 29, 2024
2,101,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,778,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
739,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.52×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,416,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
201,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,215,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $486.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,416,000,000 US dollars minus 201,000,000 US dollars equals 1,215,000,000 US dollars.
GENERAL DYNAMICS CORPORATION (GD) FY2024 Q3 Statement of Cash Flows Sankey chart
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