Total Assets, Total Liabilities, and Net Position

GSA's assets and liabilities have generally shown gradual growth over time, as business demand has grown, and especially tied to investments in capitalized building and vehicle assets. Periodic exceptions occur, such as in fiscal year 2009, when GSA received appropriations of $5.9 billion as a result of the American Recovery and Reinvestment Act, primarily to support capital investments in buildings and fuel-efficient vehicles, producing the significant increase in assets and net position that year. Another significant change occurred in fiscal year 2013, when a new accounting standard required GSA to recognize liabilities $1.7 billion in estimated future costs of asbestos remediation, leading to the significant increase in liabilities and reduction in net position for the year. For additional information on changes in GSA's assets, liabilities, and net position, see the Agency Financial Reports (AFR) which provide analysis on each year's comparative financial statements.

This chart shows total assets, total liabilities, and net position from Fiscal Year (FY) 2008 to 2014. In FY2008 there were $30.4 billion in assets, $5.759 billion in total liabilities, and a net position of $24.641 billion. In FY2009 there were $37.7 billion in assets, $5.949 billion in total liabilities, and a net position of $31.751 billion. In FY2010 there were $38.898 billion in assets, $6.158 billion in total liabilities, and a net position of $32.74 billion. In FY2011 there were $39.502 billion in assets, $6.371 billion in total liabilities, and a net position of $33.131 billion. In FY2012 there were $39.428 billion in assets, $5.788 billion in total liabilities, and a net position of $33.64 billion. In FY2013 there were $40.26 billion in assets, $7.594 billion in total liabilities, and a net position of $32.666 billion. In FY2014 there were $39.011 billion in assets, $6.755 billion in total liabilities, and a net position of $32.256 billion.

Last Reviewed 2016-07-07