Huntington Ingalls Industries, Inc. (HII) Financial Statements (2024 and earlier)

Company Profile

Business Address 4101 WASHINGTON AVENUE
NEWPORT NEWS, VA 23607
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 373 - Ship And Boat Building And Repairing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 62751275240701
Cash and cash equivalents 62751275240701
Receivables8066425684662521,188
Inventory, net of allowances, customer advances and progress billings, including:183161137136128183
Other undisclosed inventory, net of allowances, customer advances and progress billings183161137136128183
Disposal group, including discontinued operation   13395  
Other undisclosed current assets1,7571,3601,0941,0131,125123
Total current assets:2,7462,7902,4441,7851,7452,195
Noncurrent Assets
Operating lease, right-of-use asset    
Property, plant and equipment3,1983,1072,9782,8322,5172,215
Intangible assets, net (including goodwill)      
Goodwill      
Intangible assets, net (excluding goodwill)      
Other noncurrent assets 4,9134,7302,7352,4142,1211,964
Other undisclosed noncurrent assets      
Total noncurrent assets:8,1117,8375,7135,2464,6384,179
TOTAL ASSETS:10,85710,6278,1577,0316,3836,374
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3501,7761,5731,4401,4981,245
Employee-related liabilities750651620604634
Accounts payable642603460497562375
Accrued liabilities708423462323332236
Deferred revenue766   
Debt399  35  
Disposal group, including discontinued operation   6877  
Billings in excess of cost146
Other liabilities 380     
Other undisclosed current liabilities  651585338331 
Total current liabilities:2,8952,4272,2261,8901,8291,391
Noncurrent Liabilities
Long-term debt and lease obligation2,5063,4921,8431,4501,2831,279
Long-term debt, excluding current maturities2,5063,2981,6861,2861,2831,279
Liabilities, other than long-term debt1,5491,5872,1872,1031,7551,946
Accounts payable and accrued liabilities463506511457454509
Liability, pension and other postretirement and postemployment benefits4747191,3611,3551,1121,336
Other liabilities366362315291189101
Operating lease, liability246194157164
Other undisclosed noncurrent liabilities418313    
Total noncurrent liabilities:4,4735,3924,0303,5533,0383,225
Total liabilities:7,3687,8196,2565,4434,8674,616
Equity
Equity, attributable to parent, including:3,4892,8081,9011,5881,5161,758
Treasury stock, value(2,211)(2,159)(2,058)(1,974)(1,760)(972)
Additional paid in capital2,0221,9981,9721,9611,9541,942
Accumulated other comprehensive loss(599)(923)(1,547)(1,409)(1,288)(900)
Retained earnings4,2763,8913,5333,0092,6091,687
Other undisclosed equity, attributable to parent 111111
Other undisclosed equity      
Total equity:3,4892,8081,9011,5881,5161,758
TOTAL LIABILITIES AND EQUITY:10,85710,6278,1577,0316,3836,374

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,6769,5249,3618,8998,1767,441
Revenue, net7,441
Cost of revenue
(Cost of Goods and Services Sold)
      (6,018)
Gross profit:10,6769,5249,3618,8998,1761,423
Operating expenses(924)(898)(904)(788)(871)(570)
Other undisclosed operating income (loss)(9,187)(8,113)(7,658)(7,375)(6,354)12
Operating income:565513799736951865
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(20)176541
Interest and debt expense(102)(89)(114)(70)(58)(94)
Income from continuing operations before equity method investments, income taxes:443441691671897772
Other undisclosed income from continuing operations before income taxes2761811191274 
Income from continuing operations before income taxes:719622810683971772
Income tax expense(140)(78)(114)(134)(135)(293)
Income from continuing operations:579544696549836479
Income before gain (loss) on sale of properties:544696549836479
Net income available to common stockholders, diluted:579544696549836479

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:579544696549836479
Other comprehensive income (loss)324624(138)(121)(175)51
Comprehensive income:9031,168558428661530
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:9031,168558428661530

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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