For the quarter ending 2026-04-05, GD had $1,321M increase in cash & cash equivalents over the period. $1,952M in free cash flow.
| Cash Flow | 2026-04-05 | 2025-12-31 | 2025-09-28 | 2025-06-29 |
|---|---|---|---|---|
| Net earnings | 1,125 | 1,143 | 1,059 | 1,014 |
| Depreciation of property, plant and equipment | 173 | 190 | 165 | 163 |
| Amortization of intangible and finance lease right-of-use assets | 59 | 62 | 61 | 60 |
| Equity-based compensation expense | 40 | 50 | 57 | 55 |
| Deferred income tax provision (benefit) | 286 | 105 | 249 | -39 |
| Accounts receivable | -152 | -870 | -298 | 295 |
| Unbilled receivables | 656 | -269 | 215 | -679 |
| Inventories | -55 | -581 | -76 | 115 |
| Accounts payable | 165 | -783 | 380 | -274 |
| Customer advances and deposits | 764 | -49 | -61 | 93 |
| Other, net | 8 | 877 | -40 | -257 |
| Net cash provided (used) by operating activities | 2,155 | 1,561 | 2,109 | 1,598 |
| Capital expenditures | 203 | 609 | 212 | 198 |
| Other, net | -1 | 253 | -6 | -112 |
| Proceeds from fixed-rate notes | - | 0 | 0 | 747 |
| Net cash used by investing activities | -202 | -862 | -206 | -86 |
| Dividends paid | 405 | 405 | 403 | 402 |
| Purchases of common stock | 217 | 37 | 0 | 0 |
| Proceeds from commercial paper, net | 894 | - | - | -894 |
| Repayment of fixed-rate notes | 0 | 0 | 0 | 750 |
| Other, net | -7 | -442 | 196 | 71 |
| Net cash used by financing activities | -629 | -884 | -903 | -1,228 |
| Net cash used by discontinued operations | -3 | -2 | -3 | -3 |
| Net increase (decrease) in cash and equivalents | 1,321 | -187 | 997 | 281 |
| Cash and equivalents at beginning of period | 2,333 | 2,520 | 1,523 | 1,242 |
| Cash and equivalents at end of period | 3,654 | 2,333 | 2,520 | 1,523 |
GENERAL DYNAMICS CORP (GD)
GENERAL DYNAMICS CORP (GD)