General Dynamics (GD) FY2022 results: revenue $39.4 billion, up 2.4% on the year
General Dynamics Corp. (GD) reported revenue of $39.4 billion for fiscal 2022, the year ended 31 December 2022, up 2.4% on the year before. Net income was $3.4 billion, up 4.1%, and diluted earnings per share $12.19. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2023.
Revenue
$39.4 billion
+2.4% on the year
FY2015FY2022
Operating margin
10.7%
10.8% a year earlier
FY2015FY2022
Net income
$3.4 billion
+4.1% on the year
FY2015FY2022
Diluted EPS
$12.19
+5.5% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,579
4,271
3,858
+7.2%
Capital expenditure
1,114
887
967
+25.6%
Free cash flow
3,465
3,384
2,891
+2.4%
Free cash flow margin
8.8%
8.8%
7.6%
Cash from investing
-1,489
-882
-974
Cash from financing
-3,471
-4,590
-903
Depreciation and amortisation
884
890
878
-0.7%
Share-based compensation
165
126
128
+31.0%
Buybacks
1,229
1,828
587
-32.8%
Dividends paid
1,369
1,315
1,240
+4.1%
Diluted shares, weighted
278m
282m
288m
-1.4%
Shares outstanding at period end
274m
278m
286m
-1.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
18,568
17,641
15,661
+5.3%
Debt
10,590
11,606
13,117
-8.8%
Operating lease liabilities
1,106
1,085
1,149
+1.9%
Finance lease liabilities
224
258
255
-13.2%
Other liabilities
21,097
19,483
21,126
+8.3%
Total liabilities and equity
51,585
50,073
51,308
+3.0%
Fixed assets
5,900
5,417
5,100
+8.9%
Goodwill
20,334
20,098
20,053
+1.2%
Intangible assets
1,824
1,978
2,117
-7.8%
Trading assets
0.0
0.0
0.0
Cash and equivalents
1,242
1,603
2,824
-22.5%
Receivables
3,008
3,041
3,161
-1.1%
Inventory
6,322
5,340
5,745
+18.4%
Other assets
12,955
12,596
12,308
+2.9%
Total assets
51,585
50,073
51,308
+3.0%
10-K for the year ended 31 December 2022, filed 7 February 2023: the filing.