General Dynamics Corporation

GD ·Industrials, Marine Shipping, United States
Financial Statements › Income Statement
Annual Quarterly

Income Statement

Line Item FY2009 FY2008 FY2007
Revenue $31.98B $29.30B $27.24B
Cost of Revenue $26.35B $23.93B $15.67B
Gross Profit $5.63B $5.37B $11.57B
Gross Margin 17.6% 18.3% 42.5%
Operating Expenses
Research & Development $925.0M $686.0M —
SG&A Expense $1.95B $1.72B $1.64B
Operating Income $3.68B $3.65B $3.11B
Operating Margin 11.5% 12.5% 11.4%
Interest Expense $171.0M $133.0M —
Pretax Income $3.51B $3.60B $3.05B
Income Tax Expense $1.11B $1.13B $967.0M
Net Income $2.39B $2.46B $2.07B
Net Margin 7.5% 8.4% 7.6%
EPS (Basic) $6.21 $6.21 $5.12
EPS (Diluted) $6.17 $6.17 $5.08
Shares Outstanding (Basic) 385.5M 396.2M —
Shares Outstanding (Diluted) 387.9M 398.7M —
Dividends Per Share — — —
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