General Dynamics Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended Dec. 31, 2011. For the quarter, the company reported revenues of $9,147 million, operating earnings of $950 million, earnings from continuing operations before income taxes of $911 million, earnings from continuing operations of $603 million or $1.68 per diluted share, net earnings of $603 million or $1.68 per diluted share as compared to revenues of $8,601 million, operating earnings of $1,076 million, earnings from continuing operations before income taxes of $1,043 million, earnings from continuing operations of $729 million or $1.91 per diluted share, net earnings of $729 million or $1.91 per diluted share for the same period prior year. Net cash provided by operating activities was $2,026 million as compared to $1,419 million for the same period prior year. Capital expenditures were $185 million as compared to $151 million for the same period prior year. Fourth-quarter earnings were impacted by charges taken at the company's Switzerland-based aircraft-completions business totaling $189 million. For the year, the company reported revenues of $32,677 million, operating earnings of $3,826 million, earnings from continuing operations before income taxes of $3,718 million, earnings from continuing operations of $2,552 million or $6.94 per diluted share, net earnings of $2,526 million or $6.87 per diluted share as compared to revenues of $32,466 million, operating earnings of $3,945 million, earnings from continuing operations before income taxes of $3,790 million, earnings from continuing operations of $2,628 million or $6.82 per diluted share, net earnings of $2,624 million or $6.81 per diluted share for the same period prior year. Net cash provided by operating activities was $3,238 million as compared to $2,986 million for the same period prior year. Capital expenditures were $458 million as compared to $370 million for the same period prior year. Return on equity was 18.8% as compared to 20.2% for the same period prior year. Book value per share as at Dec. 31, 2011 was $37.12 as compared to $35.79 as at Dec. 31, 2010. For the fourth quarter of 2011, the company reported a $111 million non-cash impairment of an intangible asset related to the business.