General Dynamics Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $4.21B | $3.78B | $3.32B | $3.39B | $3.26B | $3.17B | $3.48B | $3.35B |
| Depreciation & Amortization | $924.0M | $886.0M | $863.0M | $884.0M | $890.0M | $878.0M | $829.0M | $763.0M |
| Depreciation | $680.0M | $644.0M | $608.0M | $586.0M | $568.0M | $523.0M | $466.0M | $436.0M |
| Amortization | $174.0M | $180.0M | $194.0M | $202.0M | $226.0M | $261.0M | $277.0M | $270.0M |
| Stock-Based Compensation | $196.0M | $183.0M | $181.0M | $165.0M | $126.0M | $128.0M | $133.0M | $140.0M |
| Net Cash from Operating Activities | $5.12B | $4.11B | $4.71B | $4.58B | $4.27B | $3.86B | $2.98B | $3.15B |
| Investing Activities | ||||||||
| Capital Expenditures | $1.16B | $916.0M | $904.0M | $1.11B | $887.0M | $967.0M | $987.0M | $690.0M |
| Business Acquisitions | — | — | — | — | — | $203.0M | $19.0M | $10.10B |
| Net Cash from Investing Activities | $-1.28B | $-953.0M | $-941.0M | $-1.49B | $-882.0M | $-974.0M | $-994.0M | $-10.23B |
| Financing Activities | ||||||||
| Dividends Paid | $1.59B | $1.53B | $1.43B | $1.37B | $1.32B | $1.24B | $1.15B | $1.08B |
| Stock Repurchases | $637.0M | $1.50B | $434.0M | $1.23B | $1.83B | $587.0M | $231.0M | $1.77B |
| Net Cash from Financing Activities | $-3.19B | $-3.37B | $-3.09B | $-3.47B | $-4.59B | $-903.0M | $-2.00B | $5.09B |
| Net Change in Cash | $636.0M | $-216.0M | $671.0M | $-361.0M | $-1.22B | $1.92B | $-61.0M | $-2.02B |
| Free Cash Flow | $3.96B | $3.20B | $3.81B | $3.47B | $3.38B | $2.89B | $1.99B | $2.46B |