General Dynamics Cash Flow Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
General Dynamics free cash flow
In fiscal 2025, General Dynamics generated $5.12 billion of operating cash flow and spent $1.16 billion on capital expenditures. That left free cash flow of $3.96 billion, a free-cash-flow margin of 7.5% of revenue. Free cash flow was up 23.9% from the prior year's $3.20 billion.
General Dynamics returned $2.23 billion to shareholders: $1.59 billion in dividends and $637.0 million in share repurchases, equal to 56% of free cash flow. Free cash flow covered dividend payments 2.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
General Dynamics cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 4.21B | 3.78B | 3.31B | 3.39B | 3.26B | 3.17B | 3.48B | 3.35B | 2.91B | 2.57B |
| Net Income growth (YoY) | +11.32% | +14.09% | -2.21% | +4.08% | +2.84% | -9.10% | +4.16% | +14.87% | +13.22% | -15.28% |
| Depreciation & Amortization | 924.00M | 886.00M | 863.00M | 884.00M | 890.00M | 878.00M | 829.00M | 763.00M | 441.00M | 453.00M |
| Stock-Based Compensation | 196.00M | 183.00M | 181.00M | 165.00M | 126.00M | 128.00M | 133.00M | 140.00M | 123.00M | 95.00M |
| Change in Working Capital | 338.00M | -589.00M | -69.00M | 1.37B | 1.09B | -49.00M | -299.00M | -335.00M | 544.00M | 38.00M |
| Operating Cash Flow | 5.12B | 4.11B | 4.71B | 4.58B | 4.27B | 3.86B | 2.98B | 3.15B | 3.88B | 2.16B |
| Capital Expenditures | -1.16B | -916.00M | -904.00M | -1.11B | -887.00M | -967.00M | -987.00M | -690.00M | -428.00M | -392.00M |
| Investing Cash Flow | -1.28B | -953.00M | -941.00M | -1.49B | -882.00M | -974.00M | -994.00M | -10.23B | -788.00M | -391.00M |
| Dividends Paid | -1.59B | -1.53B | -1.43B | -1.37B | -1.31B | -1.24B | -1.15B | -1.07B | -986.00M | -911.00M |
| Share Repurchases | -637.00M | -1.50B | -434.00M | -1.23B | -1.83B | -587.00M | -231.00M | -1.77B | -1.56B | -2.00B |
| Debt Issued | 747.00M | 0 | 0 | 0 | 1.50B | 3.96B | 0 | 6.46B | 985.00M | 992.00M |
| Debt Repaid | -1.50B | -500.00M | -1.25B | -1.00B | — | -2.00B | 0 | 0 | -900.00M | -500.00M |
| Financing Cash Flow | -3.19B | -3.37B | -3.09B | -3.47B | -4.59B | -903.00M | -2.00B | 5.09B | -2.40B | -2.17B |
| Net Change in Cash | 636.00M | -216.00M | 671.00M | -361.00M | -1.22B | 1.92B | -61.00M | -2.02B | 649.00M | -451.00M |
| Free Cash Flow | 3.96B | 3.20B | 3.81B | 3.46B | 3.38B | 2.89B | 1.99B | 2.46B | 3.45B | 1.77B |
This table shows 10 annual periods of General Dynamics's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow GD's reporting calendar. What is a cash flow statement?