General Dynamics

At a glance

Buybacks

46.8%^r!Buybacks as a share of free cash flowSEC EDGAR · CIK 00000405330001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19NetCashProvidedByUsedInOperatingActivities0001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19PaymentsForRepurchaseOfCommonStock0001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19PaymentsToAcquirePropertyPlantAndEquipment0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18NetCashProvidedByUsedInOperatingActivities0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18PaymentsForRepurchaseOfCommonStock0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18PaymentsToAcquirePropertyPlantAndEquipment0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17NetCashProvidedByUsedInOperatingActivities0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17PaymentsForRepurchaseOfCommonStock0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17PaymentsToAcquirePropertyPlantAndEquipment0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08NetCashProvidedByUsedInOperatingActivities0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08PaymentsForRepurchaseOfCommonStock0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08PaymentsToAcquirePropertyPlantAndEquipment0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07NetCashProvidedByUsedInOperatingActivities0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07PaymentsForRepurchaseOfCommonStock0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07PaymentsToAcquirePropertyPlantAndEquipment0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09NetCashProvidedByUsedInOperatingActivities0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09PaymentsForRepurchaseOfCommonStock0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09PaymentsToAcquirePropertyPlantAndEquipment0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08NetCashProvidedByUsedInOperatingActivities0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08PaymentsForRepurchaseOfCommonStock0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08PaymentsToAcquirePropertyPlantAndEquipment0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06PaymentsForRepurchaseOfCommonStock0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06PaymentsToAcquirePropertyPlantAndEquipment0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12PaymentsForRepurchaseOfCommonStock0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12PaymentsToAcquirePropertyPlantAndEquipment0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13PaymentsForRepurchaseOfCommonStock0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13PaymentsToAcquirePropertyPlantAndEquipment0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10NetCashProvidedByUsedInOperatingActivities0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10PaymentsForRepurchaseOfCommonStock0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10PaymentsToAcquirePropertyPlantAndEquipment0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09NetCashProvidedByUsedInOperatingActivities0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09PaymentsForRepurchaseOfCommonStock0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09PaymentsToAcquirePropertyPlantAndEquipment0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09NetCashProvidedByUsedInOperatingActivities0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09PaymentsForRepurchaseOfCommonStock0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09PaymentsToAcquirePropertyPlantAndEquipment0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07NetCashProvidedByUsedInOperatingActivities0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07PaymentsForRepurchaseOfCommonStock0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07PaymentsToAcquirePropertyPlantAndEquipment0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08NetCashProvidedByUsedInOperatingActivities0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08PaymentsForRepurchaseOfCommonStock0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08PaymentsToAcquirePropertyPlantAndEquipment0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07NetCashProvidedByUsedInOperatingActivities0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07PaymentsForRepurchaseOfCommonStock0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07PaymentsToAcquirePropertyPlantAndEquipment0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30NetCashProvidedByUsedInOperatingActivities0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30PaymentsForRepurchaseOfCommonStock0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30PaymentsToAcquirePropertyPlantAndEquipmentr: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivities FY2012; PaymentsToAcquirePropertyPlantAndEquipment FY2012; NetCashProvidedByUsedInOperatingActivities FY2013; PaymentsToAcquirePropertyPlantAndEquipment FY2013; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2017. As filed is shown.!: tags disagree and the disagreement is unresolved (NetCashProvidedByUsedInOperatingActivities FY2014; NetCashProvidedByUsedInOperatingActivities FY2015).

Share of free cash flow, fiscal 2009–2025

Details and every year

Dividends

36.5%^r!Dividends as a share of free cash flowSEC EDGAR · CIK 00000405330001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19NetCashProvidedByUsedInOperatingActivities0001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19PaymentsOfDividends0001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19PaymentsToAcquirePropertyPlantAndEquipment0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18NetCashProvidedByUsedInOperatingActivities0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18PaymentsOfDividends0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18PaymentsToAcquirePropertyPlantAndEquipment0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17NetCashProvidedByUsedInOperatingActivities0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17PaymentsOfDividends0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17PaymentsToAcquirePropertyPlantAndEquipment0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08NetCashProvidedByUsedInOperatingActivities0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08PaymentsOfDividends0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08PaymentsToAcquirePropertyPlantAndEquipment0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07NetCashProvidedByUsedInOperatingActivities0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07PaymentsOfDividends0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07PaymentsToAcquirePropertyPlantAndEquipment0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09NetCashProvidedByUsedInOperatingActivities0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09PaymentsOfDividends0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09PaymentsToAcquirePropertyPlantAndEquipment0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08NetCashProvidedByUsedInOperatingActivities0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08PaymentsOfDividends0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08PaymentsToAcquirePropertyPlantAndEquipment0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06PaymentsOfDividends0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06PaymentsToAcquirePropertyPlantAndEquipment0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12PaymentsOfDividends0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12PaymentsToAcquirePropertyPlantAndEquipment0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13PaymentsOfDividends0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13PaymentsToAcquirePropertyPlantAndEquipment0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10NetCashProvidedByUsedInOperatingActivities0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10PaymentsOfDividends0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10PaymentsToAcquirePropertyPlantAndEquipment0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09NetCashProvidedByUsedInOperatingActivities0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09PaymentsOfDividends0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09PaymentsToAcquirePropertyPlantAndEquipment0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09NetCashProvidedByUsedInOperatingActivities0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09PaymentsOfDividends0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09PaymentsToAcquirePropertyPlantAndEquipment0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07NetCashProvidedByUsedInOperatingActivities0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07PaymentsOfDividends0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07PaymentsToAcquirePropertyPlantAndEquipment0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08NetCashProvidedByUsedInOperatingActivities0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08PaymentsOfDividends0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08PaymentsToAcquirePropertyPlantAndEquipment0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07NetCashProvidedByUsedInOperatingActivities0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07PaymentsOfDividends0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07PaymentsToAcquirePropertyPlantAndEquipment0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30NetCashProvidedByUsedInOperatingActivities0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30PaymentsOfDividends0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30PaymentsToAcquirePropertyPlantAndEquipmentr: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivities FY2012; PaymentsToAcquirePropertyPlantAndEquipment FY2012; NetCashProvidedByUsedInOperatingActivities FY2013; PaymentsToAcquirePropertyPlantAndEquipment FY2013; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2017. As filed is shown.!: tags disagree and the disagreement is unresolved (NetCashProvidedByUsedInOperatingActivities FY2014; NetCashProvidedByUsedInOperatingActivities FY2015).

Share of free cash flow, fiscal 2009–2025

Details and every year

Acquisitions

50.7%^cr!Acquisitions as a share of free cash flowSEC EDGAR · CIK 00000405330001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19NetCashProvidedByUsedInOperatingActivities0001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19PaymentsToAcquireBusinessesNetOfCashAcquired0001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19PaymentsToAcquirePropertyPlantAndEquipment0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18NetCashProvidedByUsedInOperatingActivities0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18PaymentsToAcquireBusinessesNetOfCashAcquired0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18PaymentsToAcquirePropertyPlantAndEquipment0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17NetCashProvidedByUsedInOperatingActivities0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17PaymentsToAcquireBusinessesNetOfCashAcquired0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17PaymentsToAcquirePropertyPlantAndEquipment0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08NetCashProvidedByUsedInOperatingActivities0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08PaymentsToAcquireBusinessesNetOfCashAcquired0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08PaymentsToAcquirePropertyPlantAndEquipment0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07NetCashProvidedByUsedInOperatingActivities0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07PaymentsToAcquireBusinessesNetOfCashAcquired0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07PaymentsToAcquirePropertyPlantAndEquipment0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08NetCashProvidedByUsedInOperatingActivities0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08PaymentsToAcquirePropertyPlantAndEquipment0000040533-18-000008 · FY2015 · period ended 2015-12-31 · filed 2018-02-12PaymentsToAcquireBusinessesNetOfCashAcquired0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06PaymentsToAcquirePropertyPlantAndEquipment0000040533-18-000008 · FY2016 · period ended 2016-12-31 · filed 2018-02-12PaymentsToAcquireBusinessesNetOfCashAcquired0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12PaymentsToAcquireBusinessesNetOfCashAcquired0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12PaymentsToAcquirePropertyPlantAndEquipment0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13PaymentsToAcquireBusinessesNetOfCashAcquired0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13PaymentsToAcquirePropertyPlantAndEquipment0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10NetCashProvidedByUsedInOperatingActivities0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10PaymentsToAcquireBusinessesNetOfCashAcquired0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10PaymentsToAcquirePropertyPlantAndEquipment0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09NetCashProvidedByUsedInOperatingActivities0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09PaymentsToAcquireBusinessesNetOfCashAcquired0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09PaymentsToAcquirePropertyPlantAndEquipmentc: comparative figure from a later filing (PaymentsToAcquireBusinessesNetOfCashAcquired FY2015; PaymentsToAcquireBusinessesNetOfCashAcquired FY2016); SEC's structured data has no figure from the fiscal year's own 10-K.r: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivities FY2012; PaymentsToAcquirePropertyPlantAndEquipment FY2012; NetCashProvidedByUsedInOperatingActivities FY2013; PaymentsToAcquirePropertyPlantAndEquipment FY2013; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2017. As filed is shown.!: tags disagree and the disagreement is unresolved (NetCashProvidedByUsedInOperatingActivities FY2015).

Share of free cash flow, fiscal 2009–2013, 2015–2020

Details and every year

Median ROIC

18.5%^r!Median return on invested capitalSEC EDGAR · CIK 00000405330001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19CashAndCashEquivalentsAtCarryingValue0001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19DebtCurrent0001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19LongTermDebtNoncurrent0001193125-10-034883 · FY2009 · period ended 2009-12-31 · filed 2010-02-19StockholdersEquity0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18CashAndCashEquivalentsAtCarryingValue0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18DebtCurrent0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18IncomeTaxExpenseBenefit0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18LongTermDebtNoncurrent0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18OperatingIncomeLoss0001193125-11-039769 · FY2010 · period ended 2010-12-31 · filed 2011-02-18StockholdersEquity0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17CashAndCashEquivalentsAtCarryingValue0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17DebtCurrent0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17IncomeTaxExpenseBenefit0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17LongTermDebtNoncurrent0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17OperatingIncomeLoss0001193125-12-066385 · FY2011 · period ended 2011-12-31 · filed 2012-02-17StockholdersEquity0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08CashAndCashEquivalentsAtCarryingValue0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08DebtCurrent0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08LongTermDebtNoncurrent0000040533-13-000005 · FY2012 · period ended 2012-12-31 · filed 2013-02-08StockholdersEquity0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07CashAndCashEquivalentsAtCarryingValue0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07DebtCurrent0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07IncomeTaxExpenseBenefit0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07LongTermDebtNoncurrent0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07OperatingIncomeLoss0000040533-14-000002 · FY2013 · period ended 2013-12-31 · filed 2014-02-07StockholdersEquity0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09CashAndCashEquivalentsAtCarryingValue0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09DebtCurrent0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09IncomeTaxExpenseBenefit0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09LongTermDebtNoncurrent0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09OperatingIncomeLoss0000040533-15-000009 · FY2014 · period ended 2014-12-31 · filed 2015-02-09StockholdersEquity0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08CashAndCashEquivalentsAtCarryingValue0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08DebtCurrent0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08IncomeTaxExpenseBenefit0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08LongTermDebtNoncurrent0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08OperatingIncomeLoss0000040533-16-000056 · FY2015 · period ended 2015-12-31 · filed 2016-02-08StockholdersEquity0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06CashAndCashEquivalentsAtCarryingValue0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06DebtCurrent0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06IncomeTaxExpenseBenefit0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06LongTermDebtNoncurrent0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06OperatingIncomeLoss0000040533-17-000006 · FY2016 · period ended 2016-12-31 · filed 2017-02-06StockholdersEquity0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12CashAndCashEquivalentsAtCarryingValue0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12DebtCurrent0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12IncomeTaxExpenseBenefit0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12LongTermDebtNoncurrent0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12OperatingIncomeLoss0000040533-18-000008 · FY2017 · period ended 2017-12-31 · filed 2018-02-12StockholdersEquity0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13CashAndCashEquivalentsAtCarryingValue0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13DebtCurrent0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13IncomeTaxExpenseBenefit0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13LongTermDebtNoncurrent0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13OperatingIncomeLoss0000040533-19-000010 · FY2018 · period ended 2018-12-31 · filed 2019-02-13StockholdersEquity0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10CashAndCashEquivalentsAtCarryingValue0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10DebtCurrent0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10IncomeTaxExpenseBenefit0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10LongTermDebtNoncurrent0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10OperatingIncomeLoss0000040533-20-000015 · FY2019 · period ended 2019-12-31 · filed 2020-02-10StockholdersEquity0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09CashAndCashEquivalentsAtCarryingValue0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09DebtCurrent0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09IncomeTaxExpenseBenefit0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09LongTermDebtNoncurrent0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09OperatingIncomeLoss0000040533-21-000010 · FY2020 · period ended 2020-12-31 · filed 2021-02-09StockholdersEquity0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09CashAndCashEquivalentsAtCarryingValue0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09DebtCurrent0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09IncomeTaxExpenseBenefit0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09LongTermDebtNoncurrent0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09OperatingIncomeLoss0000040533-22-000007 · FY2021 · period ended 2021-12-31 · filed 2022-02-09StockholdersEquity0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07CashAndCashEquivalentsAtCarryingValue0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07DebtCurrent0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07IncomeTaxExpenseBenefit0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07LongTermDebtNoncurrent0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07OperatingIncomeLoss0000040533-23-000014 · FY2022 · period ended 2022-12-31 · filed 2023-02-07StockholdersEquity0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08CashAndCashEquivalentsAtCarryingValue0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08DebtCurrent0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08IncomeTaxExpenseBenefit0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08LongTermDebtNoncurrent0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08OperatingIncomeLoss0000040533-24-000007 · FY2023 · period ended 2023-12-31 · filed 2024-02-08StockholdersEquity0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07CashAndCashEquivalentsAtCarryingValue0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07DebtCurrent0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07IncomeTaxExpenseBenefit0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07LongTermDebtNoncurrent0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07OperatingIncomeLoss0000040533-25-000008 · FY2024 · period ended 2024-12-31 · filed 2025-02-07StockholdersEquity0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30CashAndCashEquivalentsAtCarryingValue0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30DebtCurrent0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30IncomeTaxExpenseBenefit0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30LongTermDebtNoncurrent0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30OperatingIncomeLoss0000040533-26-000006 · FY2025 · period ended 2025-12-31 · filed 2026-01-30StockholdersEquityr: a later 10-K shows a different figure for IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments FY2013; IncomeTaxExpenseBenefit FY2013; OperatingIncomeLoss FY2013; LongTermDebtNoncurrent FY2014; IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments FY2015; IncomeTaxExpenseBenefit FY2015; OperatingIncomeLoss FY2015; StockholdersEquity FY2015; IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments FY2016; IncomeTaxExpenseBenefit FY2016; OperatingIncomeLoss FY2016; StockholdersEquity FY2016; OperatingIncomeLoss FY2017; StockholdersEquity FY2017; OperatingIncomeLoss FY2018; StockholdersEquity FY2018; OperatingIncomeLoss FY2019; StockholdersEquity FY2019. As filed is shown.!: tags disagree and the disagreement is unresolved (IncomeTaxExpenseBenefit FY2010; IncomeTaxExpenseBenefit FY2011; IncomeTaxExpenseBenefit FY2013).ROIC median over 15 of 16 years (FY2010 to FY2025); no ROIC shown for FY2012: effective tax rate 161.4% is outside 0 to 100 percent, so it is not used

Return on invested capital, fiscal 2010–2011, 2013–2025

Details and every year

Sections, fiscal 2009–2025

• Where the cash wentFree cash flow and what it was spent on — buybacks, dividends, acquisitions and debt — year by year.
• Return on capitalReturn on invested capital and on incremental capital, and up to three estimates of owner earnings.
• Management recordPrices paid for buybacks, debt against operating income, margins, share issuance and stock-based pay.