Stock Analysis on Net
Stock Analysis on Net

GE Aerospace (NYSE:GE)

Common-Size Balance Sheet: Assets 
Quarterly Data

GE Aerospace, common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash, cash equivalents and restricted cash 9.99 11.06 10.83 9.83 11.25 10.41 8.38 7.83 7.30 9.19 6.96 7.11 6.69 7.93 10.52 9.45 12.96 14.45 15.40 16.15 18.05
Investment securities 0.81 0.80 1.76 2.71 2.28 3.50 4.50 6.68 7.79 4.05 3.48 3.64 5.62 6.18 2.24 2.58 2.75 2.89 0.00 0.00 0.00
Current receivables 7.78 7.57 7.05 6.79 9.21 9.49 9.28 9.06 8.64 9.57 9.51 8.78 8.36 7.85 6.27 6.39 6.27 6.59 6.80 6.25 6.46
Financing receivables, net 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.13 0.12 0.50 0.00 0.00 0.00
Inventories, including deferred inventory costs 8.46 7.93 7.67 7.69 10.74 10.14 10.86 10.30 9.85 9.27 9.69 9.46 8.63 7.97 7.08 7.16 6.74 6.27 5.87 5.95 5.90
Other GE Capital receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.57 0.55 1.31 0.00 0.00 0.00
Current contract assets 2.37 2.42 2.28 2.21 0.94 0.92 1.20 1.25 1.36 1.64 2.05 2.29 2.21 2.45 2.21 2.29 2.37 2.27 0.00 0.00 0.00
All other current assets 0.86 0.78 0.91 0.98 1.01 1.01 0.92 1.00 0.89 0.81 1.14 1.01 1.08 0.97 0.50 0.55 0.56 0.60 0.00 0.00 0.00
Assets of businesses held for sale 0.00 0.00 0.00 0.11 0.92 1.22 0.88 0.82 0.82 0.73 0.38 0.41 0.39 0.00 14.25 13.97 13.84 0.00 0.00 0.00 0.19
Current assets 30.27% 30.56% 30.50% 30.32% 36.35% 36.68% 36.02% 36.94% 36.65% 35.27% 33.22% 32.69% 32.97% 33.36% 43.68% 43.11% 46.17% 34.88% 28.07% 28.35% 30.60%
Investment securities 30.62 30.65 31.19 30.95 23.61 23.31 22.68 22.94 23.26 19.20 18.59 19.51 20.76 21.22 17.88 17.96 16.64 16.79 18.43 18.37 16.14
Financing receivables, net 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.70 1.19 1.21 1.14
Other GE Capital receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.97 1.97 1.89 1.84 2.91 2.95 2.86
Property, plant and equipment, net 5.98 5.91 5.73 5.76 7.53 7.66 7.79 7.59 7.40 7.71 7.90 7.97 7.83 7.85 6.69 6.81 6.65 17.62 17.63 17.74 17.55
Goodwill 7.01 6.93 6.91 7.19 8.12 8.21 8.41 8.19 7.97 13.74 13.97 13.90 13.57 13.17 10.68 10.73 10.33 10.07 9.94 9.73 10.15
Other intangible assets, net 3.45 3.46 3.45 3.57 3.38 3.49 3.70 3.65 3.64 4.06 4.27 4.33 4.32 4.69 3.87 3.98 3.83 3.86 3.90 3.96 3.96
Contract and other deferred assets 3.90 3.92 3.81 3.90 3.31 3.32 3.46 3.34 3.42 3.20 3.44 3.34 3.21 3.08 2.58 2.58 2.44 2.32 6.12 6.06 6.16
All other assets 11.64 11.30 10.92 10.88 10.37 9.81 10.41 9.92 9.66 9.05 10.60 10.64 10.30 9.57 5.33 5.32 5.02 5.76 5.93 6.05 6.05
Deferred income taxes 5.60 5.77 5.91 5.96 6.29 6.49 6.53 6.35 6.29 6.23 6.36 5.90 5.51 5.46 6.10 6.26 5.81 4.77 4.47 4.16 3.99
Assets of discontinued operations 1.53 1.50 1.58 1.47 1.04 1.04 1.00 1.08 1.70 1.54 1.65 1.72 1.53 1.60 1.20 1.29 1.23 1.39 1.41 1.41 1.39
Non-current assets 69.73% 69.44% 69.50% 69.68% 63.65% 63.32% 63.98% 63.06% 63.35% 64.73% 66.78% 67.31% 67.03% 66.64% 56.32% 56.89% 53.83% 65.12% 71.93% 71.65% 69.40%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Cash, cash equivalents and restricted cash
There is a general downward trend from 18.05% of total assets in March 2020 to a low near 6.69% in March 2022. Subsequently, the ratio recovers, reaching over 10% by early 2024, with some volatility but stabilizing slightly below 10% towards the end of the period.
Investment securities (current and overall)
Investment securities as a portion of total assets increase steadily from about 16% at the start of the period to above 30% in mid-2024, indicating a growing allocation towards these assets. Current investment securities showed fluctuation and a peak near 7.79% in mid-2023 but follow a declining trend thereafter.
Current receivables
Current receivables maintain a relatively stable share of total assets, fluctuating moderately between approximately 6.25% and 9.57% over the period, with a small decline after March 2024.
Inventories, including deferred inventory costs
This category shows a gradual increase from about 5.9% in early 2020 to a peak around 10.86% in late 2023, followed by a modest decline yet remaining elevated relative to the start of the period.
Current contract assets
Current contract assets increased to around 2.45% in late 2021 but have since declined, reaching the lowest levels near 0.92% in early 2024 before rising again to over 2% by early 2025.
Assets of businesses held for sale
Significant spikes are observed during mid-2020 and late 2020, reaching as high as 14.25% in September 2020, then sharply decreasing to minimal levels through 2024 and 2025.
Current assets
Current assets as a percentage of total assets rose to a peak near 46% in March 2021 from roughly 30% in early 2020, then declined sharply to around 30% by early 2024, indicating a shift towards non-current asset holdings.
Property, plant and equipment, net
This line shows a sharp decline from around 17.5% in early 2020 to near 6.6% in early 2021, after which the share stabilizes around 7-8%, before decreasing again to about 6% towards the end of the period.
Goodwill
Goodwill remains stable around 10% early on, rises to above 13% by the end of 2021 and into 2022, before declining steadily to about 7% by early 2025, suggesting possible asset sales or impairments.
Other intangible assets, net
Other intangible assets as a percentage of total assets show slight gradual decline from near 4% in early 2020 to about 3.4% by 2025, indicating moderate amortization or asset reduction.
Contract and other deferred assets
This category decreased from approximately 6% early in 2020 to a low near 2.3% by the end of 2020, then gradually increased to around 3.9% by late 2024 and remained stable thereafter.
All other assets
There is an increase from around 6% to over 10% by late 2021, with minor fluctuations held above 9.5% for the remainder of the period, suggesting growth or reclassification of miscellaneous assets.
Deferred income taxes
Deferred income taxes increase steadily from 4% in early 2020 to about 6.5% in 2023, then slowly decline to approximately 5.6% by early 2025.
Assets of discontinued operations
This metric remains fairly stable throughout the period, hovering near 1.4%, with minor fluctuations but no clear trend.
Non-current assets
Non-current assets decrease from about 69% in early 2020 to near 53.8% by March 2021, then recover to the high 60% range towards the end of the period, indicating a reduction and subsequent rebuilding or reclassification of long-term assets.