GENERAL DYNAMICS CORPORATION GD Cash Flow

General dynamics corporation (GD)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Oct'17	Jul'17	Apr'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities - continuing operations:
Net earnings
3,445	3,484	3,373	3,311	3,291	3,345	3,072	2,985	2,948	2,912	2,846	2,729	2,694	2,572	2,837	2,923	2,961	3,036	2,902	2,865	2,654	2,533	2,327	2,282	2,381	2,357	-268	-319	-325	-332	2,401	2,453	2,472	2,526	2,652	2,650	2,645	2,624	2,509	2,431	2,401	2,394	0	0	0
Adjustments to reconcile net earnings to net cash from operating activities:
Depreciation of property, plant and equipment
474	466	473	462	461	436	408	386	359	362	364	366	368	365	363	362	360	365	362	368	374	375	387	387	382	382	370	373	374	376	381	371	366	354	347	346	344	345	344	344	345	344	0	0	0
Amortization of intangible and finance lease right-of-use assets
362	363	373	389	398	327	249	162	80	79	75	76	80	88	98	107	113	116	118	119	121	121	122	125	126	143	154	178	204	214	234	237	237	238	233	228	225	224	224	222	221	218	0	0	0
Equity-based compensation expense
123	133	133	141	151	140	140	142	129	123	112	96	91	95	90	78	85	98	118	135	141	128	124	123	116	120	100	106	110	114	136	133	131	128	126	124	121	118	118	117	118	117	0	0	0
Excess tax benefit from equity-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	70	61	43	23	24	23	20	29	26	25	30	24	21	20	16	18	0	0	0	-	-	0	0
Deferred income tax benefit
74	92	-9	-14	-17	-3	180	302	360	401	191	267	247	184	273	202	203	213	130	93	92	136	158	132	140	115	-146	-100	-136	-144	4	-17	-2	14	54	60	65	56	103	171	197	227	0	0	0
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-107	-97	-13	-13	0	-36	-34	-139	-140	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-4	-8	-12	-12	-13	0	0	0
(Increase) decrease in assets, net of effects of business acquisitions:
Accounts receivable
-94	-176	-198	-137	-616	-417	-251	-440	261	195	117	375	-4	122	-399	-139	-34	-632	-395	-889	-599	-330	-147	225	47	223	95	-233	-401	-225	115	122	241	397	117	688	490	152	5	-149	-90	151	0	0	0
Unbilled receivables
508	1,303	778	844	1,065	800	1,251	1,202	1,257	987	1,502	1,340	1,110	1,048	1,237	792	367	-61	-292	-741	-527	-281	-676	-172	-181	-177	61	170	111	-149	-281	-264	-114	62	108	880	589	334	510	-379	-65	112	0	0	0
Inventories
712	376	383	605	565	591	1,093	710	420	182	114	307	154	377	36	-206	-103	-141	73	174	465	303	247	317	126	200	362	335	471	490	180	278	146	186	518	408	320	23	-133	-204	-135	72	0	0	0
Increase (decrease) in liabilities, net of effects of business acquisitions:
Accounts payable
-202	6	-37	-174	-6	-197	166	251	371	657	429	492	316	567	-118	-154	-120	-89	-1	-209	78	-161	-29	76	-267	-204	-46	-81	8	-413	-180	-222	-144	17	-6	237	254	366	255	-48	-357	-92	0	0	0
Customer advances and deposits
145	-105	-641	-412	-438	36	672	134	210	264	-47	121	-382	-305	-1,199	-1,356	-1,300	-2,153	-2,048	-586	-15	691	1,545	409	259	330	489	450	431	730	893	572	636	629	354	946	458	30	52	-58	427	145	0	0	0
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	0	0	0	-	-	0	0	-	-	-	0	-	-	-	0	-	-	-	0
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-115	-118	-55	-12	116	23	0	0	0	-	-	-	0	-	-	-	-549	-306	0	0	0
Other, net
193	-37	358	361	300	285	-284	-60	-247	-235	126	234	272	278	-76	-239	-159	-107	-142	133	103	214	-88	2	21	-126	130	38	160	63	249	167	116	222	89	184	-131	-31	-190	-262	-109	-135	0	0	0
Net cash used by operating activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	5,356	3,318	3,029	3,111	2,252	2,490	2,696	2,606	3,929	3,362	3,324	3,238	2,635	3,378	3,104	2,986	3,065	2,779	2,911	2,855	0	0	0
Net cash (used) provided by operating activities
-	-	-	-	-	-	-	0	2,847	-	2,673	2,300	2,216	2,163	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Capital expenditures
991	987	849	773	767	690	602	554	470	428	421	411	389	392	453	513	536	569	544	549	532	521	506	433	448	436	417	425	446	436	471	482	462	458	424	399	371	370	353	338	364	385	0	0	0
Business acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	811	0	0	0
Maturities of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	500	500	500	0	0	0	0	-	-	-	-	-	-	-	199	441	328	562	719	605	0	0	0	-	-	-	-
Purchases of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	507	459	444	442	299	468	0	0	0	-	-	-	-
Purchases of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	216	134	373	377	313	369	226	0	0	0	-	-	-	-
Sales of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-12	2	155	65	12	7	-106	-16	-11	11	-84	-148	-80	-50	-13	50	164	17	199	215	99	183	60	-1	1	9	-21	-79	5	-10	51	187	-51	-93	-145	-171	-85	-80	-147	-83	-204	-114	0	0	0
Net cash used by investing activities
-984	-994	-521	-353	-10,316	-10,234	-10,520	-10,837	-808	-788	-694	-401	-358	-391	-500	-536	-414	200	142	-406	-529	-1,102	-977	-347	-364	-363	-186	-297	-454	-642	-1,185	-2,229	-2,100	-1,974	-1,604	-213	-264	-408	-732	-1,551	-1,389	-1,392	0	0	0
Cash flows from financing activities:
Proceeds from fixed-rate notes
3,960	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from commercial paper, net
411	-850	129	-542	-634	850	1,670	2,787	2,494	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of common stock
547	231	1,467	1,564	1,635	1,769	919	1,093	1,471	1,558	1,654	1,708	1,324	1,996	2,018	2,857	3,639	3,233	2,994	2,256	2,572	3,382	3,161	2,946	2,170	740	696	495	526	602	621	939	1,230	1,468	1,908	1,795	1,299	1,185	826	611	300	209	0	0	0
Payments of Dividends
1,179	1,152	1,132	1,112	1,093	1,075	1,052	1,029	1,006	986	968	947	926	911	896	888	882	873	859	843	830	822	815	804	789	591	754	738	724	893	702	693	685	673	664	654	641	631	618	604	588	577	0	0	0
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	268	312	330	385	547	574	786	820	583	509	247	80	146	133	134	138	198	304	295	247	277	233	269	283	142	0	0	0
Repayment of fixed-rate notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	500	500	500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-904	0	0	0
Other, net
-54	236	344	96	182	69	-51	-46	57	60	-175	-33	-75	-46	172	92	-52	-29	-113	-97	-20	-18	0	0	0	-	-	-	-	-15	3	25	-19	-5	-9	-5	12	13	19	17	12	-5	0	0	0
Net cash provided by financing activities
2,591	-1,997	-2,126	-3,122	3,831	5,086	5,759	7,715	159	-2,399	-1,522	-1,905	-1,541	-2,169	-2,222	-3,583	-4,392	-4,367	-4,154	-3,366	-3,537	-3,675	-3,359	-2,903	-2,096	-725	-930	-1,031	-1,192	-1,382	-1,387	-726	-1,049	-1,201	-1,330	-2,859	-2,381	-2,226	-1,892	-980	-611	-806	0	0	0
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used by discontinued operations
-60	-51	-43	-38	-23	-20	-26	-29	-34	-40	-38	-37	-56	-54	-56	-61	-41	-43	-21	-4	31	36	20	16	-18	-18	55	55	63	65	-23	-24	-27	-27	-4	-2	0	-2	-7	-9	-12	-15	0	0	0
Net increase (decrease) in cash and equivalents
4,657	-61	-36	-1,160	-3,659	-2,020	-1,712	6	2,164	649	419	-43	261	-451	-1,069	-2,133	-2,505	-1,603	-1,733	191	116	-913	1,040	84	551	2,005	1,191	1,217	1,113	647	1,334	383	148	36	-303	304	459	350	434	239	899	642	0	0	0
Supplemental cash flow information:
Income tax payments, net
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Interest payments
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0