General Dynamics Files 2023 10-K, Details FY Performance
Ticker: GD · Form: 10-K · Filed: 2024-02-08T00:00:00.000Z
Sentiment: neutral
Topics: earnings, annual-report, defense, aerospace
TL;DR
**General Dynamics just dropped its 2023 10-K, time to dig into the numbers!**
AI Summary
General Dynamics Corp. filed its 10-K on February 8, 2024, for the fiscal year ending December 31, 2023. The filing indicates the company's primary business is in ship and boat building and repairing, with its headquarters in Reston, VA. This matters to investors because it provides a comprehensive overview of the company's financial performance and operational status for the past year, crucial for evaluating its stability and future growth prospects in the defense and aerospace sectors.
Why It Matters
This filing offers a detailed look into General Dynamics' financial health and strategic direction, essential for investors to make informed decisions about holding or acquiring shares.
Risk Assessment
Risk Level: medium — As a major defense contractor, General Dynamics faces risks related to government spending, contract awards, and global political stability, which can fluctuate.
Analyst Insight
Investors should review the full 10-K to understand the detailed financial statements and management's discussion and analysis, especially concerning future outlook and risk factors, before making any investment decisions.
Key Numbers
- 2023-12-31 — Fiscal Year End Date (The period covered by this 10-K filing.)
- 143 — Public Document Count (Indicates the number of documents included in this filing, suggesting its comprehensive nature.)
- 001-03671 — SEC File Number (Unique identifier for General Dynamics' filings with the SEC.)
- 1934 Act — SEC Act (The specific act under which this 10-K is filed, indicating compliance with securities regulations.)
- 3730 — Standard Industrial Classification (SIC) (Identifies the primary industry of General Dynamics as Ship & Boat Building & Repairing.)
Key Players & Entities
- GENERAL DYNAMICS CORP (company) — the filer of the 10-K
- Reston, VA (location) — business address of General Dynamics Corp.
- December 31, 2023 (date) — the end of the fiscal year reported
- February 8, 2024 (date) — the filing date of the 10-K
- 0000040533 (identifier) — Central Index Key (CIK) for General Dynamics Corp.
Forward-Looking Statements
- General Dynamics will continue to focus on its core defense and aerospace segments. (GENERAL DYNAMICS CORP) — high confidence, target: 2025-12-31
- The company's financial performance will be significantly influenced by U.S. government defense spending. (GENERAL DYNAMICS CORP) — high confidence, target: 2024-12-31
FAQ
What is the primary business classification of General Dynamics Corp. according to this 10-K filing?
According to the filing, General Dynamics Corp.'s Standard Industrial Classification (SIC) is 3730, which corresponds to Ship & Boat Building & Repairing.
When was this 10-K filing submitted to the SEC?
This 10-K filing was filed as of February 8, 2024, with an accession number of 0000040533-24-000007.
What fiscal year does this 10-K report cover?
The 10-K reports on the fiscal year that ended on December 31, 2023, as indicated by the 'CONFORMED PERIOD OF REPORT: 20231231'.
Where is General Dynamics Corp.'s business headquarters located?
The business address for General Dynamics Corp. is 11011 Sunset Hills Rd, Reston, VA 20190.
What is the Central Index Key (CIK) for General Dynamics Corp.?
The Central Index Key (CIK) for General Dynamics Corp. is 0000040533, as stated in the filing data.
From the Filing
0000040533-24-000007.txt : 20240208 0000040533-24-000007.hdr.sgml : 20240208 20240208093745 ACCESSION NUMBER: 0000040533-24-000007 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 143 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL DYNAMICS CORP CENTRAL INDEX KEY: 0000040533 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 131673581 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03671 FILM NUMBER: 24607122 BUSINESS ADDRESS: STREET 1: 11011 SUNSET HILLS RD CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-876-3000 MAIL ADDRESS: STREET 1: 11011 SUNSET HILLS RD CITY: RESTON STATE: VA ZIP: 20190 10-K 1 gd-20231231.htm 10-K gd-20231231 0000040533 2023 FY false 1 1 1 3 http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent P1Y 20 0000040533 2023-01-01 2023-12-31 0000040533 2023-07-02 iso4217:USD 0000040533 2024-01-28 xbrli:shares 0000040533 2023-12-31 0000040533 us-gaap:ProductMember 2023-01-01 2023-12-31 0000040533 us-gaap:ProductMember 2022-01-01 2022-12-31 0000040533 us-gaap:ProductMember 2021-01-01 2021-12-31 0000040533 us-gaap:ServiceMember 2023-01-01 2023-12-31 0000040533 us-gaap:ServiceMember 2022-01-01 2022-12-31 0000040533 us-gaap:ServiceMember 2021-01-01 2021-12-31 0000040533 2022-01-01 2022-12-31 0000040533 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0000040533 2022-12-31 0000040533 gd:FixedRateMember 2023-01-01 2023-12-31 0000040533 gd:FixedRateMember 2022-01-01 2022-12-31 0000040533 gd:FixedRateMember 2021-01-01 2021-12-31 0000040533 gd:FloatingRateMember 2023-01-01 2023-12-31 0000040533 gd:FloatingRateMember 2022-01-01 2022-12-31 0000040533 gd:FloatingRateMember 2021-01-01 2021-12-31 0000040533 2021-12-31 0000040533 2020-12-31 0000040533 us-gaap:CommonStockMember 2020-12-31 0000040533 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0000040533 us-gaap:RetainedEarningsMember 2020-12-31 0000040533 us-gaap:TreasuryStockCommonMember 2020-12-31 0000040533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0000040533 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0000040533 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0000040533 us-gaap:TreasuryStockCommonMember 2021-01-01 2021-12-31 0000040533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0000040533 us-gaap:CommonStockMember 2021-12-31 0000040533 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0000040533 us-gaap:RetainedEarningsMember 2021-12-31 0000040533 us-gaap:TreasuryStockCommonMember 2021-12-31 0000040533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000040533 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0000040533 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0000040533 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-12-31 0000040533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0000040533 us-gaap:CommonStockMember 2022-12-31 0000040533 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000040533 us-gaap:RetainedEarningsMember 2022-12-31 0000040533 us-gaap:TreasuryStockCommonMember 2022-12-31 0000040533 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000040533 us-gaap:RetainedEarningsMember 2023-01-01 2023-