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R. CONDENSED CONSOLIDATING BALANCE SHEETS
December 31, 2013 Parent
Guarantors
on a
Combined
Basis
Other
Subsidiaries
on a
Combined
Basis
Consolidating
Adjustments
Total
Consolidated
ASSETS
Current assets:
Cash and equivalents $ 4,179 $ – $ 1,122 $ – $ 5,301
Accounts receivable – 1,451 2,919 – 4,370
Contracts in process 571 3,124 1,085 – 4,780
Inventories
Work in process – 1,623 10 – 1,633
Raw materials – 1,172 38 – 1,210
Finished goods – 24 5 – 29
Pre-owned aircraft – 18 – – 18
Other current assets 424 203 194 – 821
Total current assets 5,174 7,615 5,373 – 18,162
Noncurrent assets:
Property, plant and equipment 156 5,827 1,169 – 7,152
Accumulated depreciation of PP&E (64) (3,062) (667) – (3,793)
Intangible assets – 1,614 968 – 2,582
Accumulated amortization of intangible assets – (1,111) (427) – (1,538)
Goodwill – 8,041 3,891 – 11,932
Other assets 460 211 326 – 997
Investment in subsidiaries 35,211 – – (35,211) –
Total noncurrent assets 35,763 11,520 5,260 (35,211) 17,332
Total assets $ 40,937 $ 19,135 $ 10,633 $ (35,211) $ 35,494
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Customer advances and deposits $ – $ 3,493 $ 3,091 $ – $ 6,584
Other current liabilities 868 3,644 1,163 – 5,675
Total current liabilities 868 7,137 4,254 – 12,259
Noncurrent liabilities:
Long-term debt 3,883 25 – – 3,908
Other liabilities 2,333 2,007 486 – 4,826
Total noncurrent liabilities 6,216 2,032 486 – 8,734
Intercompany 19,352 (19,956) 604 – –
Shareholders’ equity:
Common stock 482 6 3,570 (3,576) 482
Other shareholders’ equity 14,019 29,916 1,719 (31,635) 14,019
Total shareholders’ equity 14,501 29,922 5,289 (35,211) 14,501
Total liabilities and shareholders’ equity $ 40,937 $ 19,135 $ 10,633 $ (35,211) $ 35,494
62 General Dynamics Annual Report 2014