General Dynamics 2015 Annual Report Download - page 68

Download and view the complete annual report

Please find page 68 of the 2015 General Dynamics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

R. CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2014 Parent
Guarantors
on a
Combined
Basis
Other
Subsidiaries
on a
Combined
Basis
Consolidating
Adjustments
Total
Consolidated
ASSETS
Current assets:
Cash and equivalents $ 2,536 $ – $ 1,852 $ – $ 4,388
Accounts receivable – 1,379 2,671 – 4,050
Contracts in process 542 2,966 1,083 – 4,591
Inventories
Work in process – 1,818 10 – 1,828
Raw materials – 1,260 30 – 1,290
Finished goods – 20 8 – 28
Pre-owned aircraft – 75 – – 75
Other current assets 781 215 161 – 1,157
Total current assets 3,859 7,733 5,815 – 17,407
Noncurrent assets:
Property, plant and equipment 148 6,035 1,109 – 7,292
Accumulated depreciation of PP&E (52) (3,246) (665) – (3,963)
Intangible assets – 1,484 914 – 2,398
Accumulated amortization of intangible assets – (1,042) (444) – (1,486)
Goodwill – 8,095 3,636 – 11,731
Other assets 1,461 213 284 – 1,958
Investment in subsidiaries 37,449 – – (37,449) –
Total noncurrent assets 39,006 11,539 4,834 (37,449) 17,930
Total assets $ 42,865 $ 19,272 $ 10,649 $ (37,449) $ 35,337
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt $ 500 $ 1 $ – $ – $ 501
Customer advances and deposits – 3,529 3,806 – 7,335
Other current liabilities 1,298 3,511 1,106 – 5,915
Total current liabilities 1,798 7,041 4,912 – 13,751
Noncurrent liabilities:
Long-term debt 3,368 24 – – 3,392
Other liabilities 3,514 2,369 482 – 6,365
Total noncurrent liabilities 6,882 2,393 482 – 9,757
Intercompany 22,356 (22,557) 201 – –
Shareholders’ equity:
Common stock 482 6 2,043 (2,049) 482
Other shareholders’ equity 11,347 32,389 3,011 (35,400) 11,347
Total shareholders’ equity 11,829 32,395 5,054 (37,449) 11,829
Total liabilities and shareholders’ equity $ 42,865 $ 19,272 $ 10,649 $ (37,449) $ 35,337
64 General Dynamics Annual Report 2015