GENERAL DYNAMICS CORP
For the period ended Sep 29, 2024. Filed Oct 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 29, 2024 · Filed Oct 23, 2024
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
[☑] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 29, 2024
OR
[☐] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______ to _______
Commission File Number 1-3671
GENERAL DYNAMICS CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 13-1673581 | |||
|---|---|---|---|---|
| State or other jurisdiction of incorporation or organization | I.R.S. Employer Identification No. | |||
| 11011 Sunset Hills Road | Reston, | Virginia | 20190 | |
| Address of principal executive offices | Zip code | |||
(703)876-3000
Registrant’s telephone number, including area code
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock | GD | New York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ü No ___
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ü No ___
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ü Accelerated filer ___ Non-accelerated filer ___
Smaller reporting company___☐ Emerging growth company___☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ___
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes___☐ No ü
274,968,619 shares of the registrant’s common stock, $1 par value per share, were outstanding on September 29, 2024.
INDEX
| PART I - | FINANCIAL INFORMATION | PAGE |
|---|---|---|
| Item 1 - · Unaudited Consolidated Financial Statements | ||
| Consolidated Statement of Earnings (Three Months) | 3 | |
| Consolidated Statement of Earnings (Nine Months) | 4 | |
| Consolidated Statement of Comprehensive Income (Three and Nine Months) | 5 | |
| Consolidated Balance Sheet | 6 | |
| Consolidated Statement of Cash Flows | 7 | |
| Consolidated Statement of Shareholders’ Equity (Three and Nine Months) | 8 | |
| Notes to Unaudited Consolidated Financial Statements | 9 | |
| Item 2 - | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 28 |
| Item 3 - | Quantitative and Qualitative Disclosures About Market Risk | 43 |
| Item 4 - | Controls and Procedures | 43 |
| FORWARD-LOOKING STATEMENTS | 43 | |
| PART II - | OTHER INFORMATION | 45 |
| Item 1 - | Legal Proceedings | 45 |
| Item 1A - | Risk Factors | 45 |
| Item 2 - | Unregistered Sales of Equity Securities and Use of Proceeds | 45 |
| Item 5 - | Other Information | 45 |
| Item 6 - | Exhibits | 46 |
| SIGNATURES | 47 | |
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