š Interactive Cash Flow Visualizations
Sankey Diagram: Source & Application
Waterfall Chart: Net Movement
š Key Financial Parameters
| Parameter | Value |
|---|---|
| Capital expenditures | 1273 |
| Cash and cash equivalents, end of year | 14782 |
| Depreciation and amortization | 1220 |
| EBITDA | 12707 |
| Gross Profit | 8513 |
| Income tax provision | 1405 |
| Interest-net | 882 |
| Long-term debt, excluding current maturities | 18808 |
| Net Earnings | 8601 |
| Net Sales | 45855 |
| Operating income | 9055 |
| Profit before tax | 10000 |
| Total Assets | 130169 |
| Total Equity | 18898 |
| Total current assets | 40596 |
| Total current liabilities | 38980 |
| Total liabilities and Equity | 130169 |
š§® Calculated Metrics
| Metric | Value |
|---|---|
| Cost of Debt | 0.0469 |
| Cost of Equity | 0.1532 |
| Total Debt and Equity | 37,706 |
| EBIT | 11,487 |
| tax rate | 0.0747 |
| Net working capital | 1,616 |
| FCF0 | 12,191.8952 |
| FCF1 | 12,923.4089 |
| FCF2 | 13,698.8135 |
| WACC | 0.0984 |
| Terminal Value | 377,687.1034 |
| Enterprise Value | 336,140.1774 |
| Equity value | 332,114.1774 |
| Intrinsic Share price | 319.3406 |
š Detailed Cashflow Breakdown
| Line Item | Value |
|---|---|
| Closing Cash and cash equivalents, end of year | 13657 |
| Net (decrease)/increase in cash and cash equivalents | -2223 |
| Net cash provided by operating activities | 8537 |
| Net cash provided by/(used in) financing activities | -8682 |
| Net cash used in investing activities | -1153 |
| Opening Cash and cash equivalents, beginning of year | 15880 |
š Management Commentary & Qualitative Insights
Q: Analyze the auditorās assessment of Internal Control over Financial Reporting (ICFR). Were any material weaknesses or significant deficiencies identified?
Not Found
Q: Are there any issues like pending lawsuits (contingent liabilities)?
Yes
Q: Does the auditor's report mention any material uncertainty related to going concern? Identify any language suggesting the company might not survive the next 12 months.
Not Found
Q: Extract the Auditor's Report section. Does the auditor provide an unqualified opinion? If the opinion is modified (qualified, adverse, or a disclaimer), explain the specific reasons provided by the auditor for this modification.
Yes, the auditor provides an unqualified opinion; no modification was made.
Q: Is the revenue growth sustainable?
Not Found
Q: List the Key Audit Matters (KAMs) identified by the auditor. For each, summarize why the auditor considered it a significant risk and what specific procedures they performed to address it.
Sales of services - Revenue recognition on certain Aerospace long-term service agreements', 'Risk': 'Significant judgment in estimating future costs and timing', 'Procedures': 'Tested controls, evaluated assumptions, performed analytical procedures, involved specialists, Future policy benefits', 'Risk': 'High uncertainty in morbidity assumptions', 'Procedures': 'Tested controls, performed retrospective reviews, validated data, recalculated discount rates
Q: What are the biggest risks ahead?
The biggest risks identified include macroeconomic and market volatility, fluctuations in demand for air travel and defense budgets, safety or quality issues with products, operational execution challenges, geopolitical and trade tensions, tariff impacts, regulatory and compliance risks, litigation and contingent liabilities, and uncertainties related to future transactions or acquisitions.
Q: What are the competitive advantages that protect the business from rivals?
Competitive advantages include the largest and growing commercial propulsion fleet, a strong aftermarket services business representing about 70% of revenue, a proprietary lean operating model (FLIGHT DECK), extensive intellectual property, longāterm customer relationships, and scale across commercial and defense segments.
Q: What are the details on Executive Compensation and "Promoter Pledging"?
Executive compensation includes lifeāinsurance, pension, restoration, excessābenefits, deferredāsalary, longāterm incentive, stockāoption and RSU plans; promoter pledging is not referenced.
Q: What are the key insights from the Management Discussion and Analysis report?
The MD&A highlights revenue growth of 18% to $45.9āÆbillion, segment profit increase of $2.4āÆbillion, improvement in profit margin to 21.8%, growth in remaining performance obligations, details on equipment and services revenue, and discussion of strategic priorities and risk factors.
Q: What are the key insights on the expansion of the product portfolio?
The key insights on expansion of the product portfolio include the ramp of LEAP engine deliveries, development of GEnx and GE9X engines, dust ingestion testing, the RISE programās Open Fan and hybrid electric technologies, and continued investment in additive manufacturing and ceramic matrix composites.
Q: What is the company's stated future outlook and growth strategy?
The company states its future outlook and growth strategy focuses on ramping services and equipment now, expanding capacity and capabilities tomorrow, and inventing the future of flight; it emphasizes aftermarket services, expanding engine portfolio (LEAP, GEnx, GE9X), investing in RISE technologies, and growing MRO capacity.
Q: What is the core revenue model, key products, and major customers?
The core revenue model is driven by equipment sales and aftermarket services, with key products being jet engines such as LEAP, GEnx, and GE9X, and major customers including airframers (Boeing, Airbus) and airlines (Qatar Airways, Emirates, etc.) as well as defense customers.
Q: Who is the CEO and Chairman of the Company?
H. Lawrence Culp, Jr.
Q: what is the "Operating Cash Flow" and is it growing?
Operating Cash Flow was $8.5 billion in 2025, an increase of $2.7 billion compared to 2024, indicating growth.
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