Huntington Ingalls Industries, Inc. (HII) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51274463128753229
Cash and cash equivalents51274463128753229
Receivables568655598526466489564
Inventory, net of allowances, customer advances and progress billings, including:137152160154136139126
Other undisclosed inventory, net of allowances, customer advances and progress billings137152160154136139126
Disposal group, including discontinued operation13315417317895  
Other undisclosed current assets1,0941,1761,1771,2511,0131,3651,404
Total current assets:2,4442,8812,7392,1371,7852,0252,123
Noncurrent Assets
Operating lease, right-of-use asset 187174185 208 
Property, plant and equipment2,9782,9072,8792,8482,8322,7002,626
Intangible assets, net (including goodwill) 2,1042,1182,129 1,9081,921
Goodwill 1,5771,5761,648 1,4021,403
Intangible assets, net (excluding goodwill) 527542481 506518
Regulated entity, other noncurrent assets 272918 2021
Other noncurrent assets2,735   2,414  
Deferred tax assets, net120
Other undisclosed noncurrent assets 339294298 323419
Total noncurrent assets:5,7135,5645,4945,4785,2465,1595,107
TOTAL ASSETS:8,1578,4458,2337,6157,0317,1847,230
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5731,5431,4481,5131,4401,6061,564
Accounts payable460429437536497616616
Accrued liabilities462431350353323332307
Employee-related liabilities651683661624620658641
Deferred revenue 604573387 344 
Debt   8835  
Disposal group, including discontinued operation6886939277  
Contract with customer, liability338
Other undisclosed current liabilities585   338  
Total current liabilities:2,2262,2332,1142,0801,8901,9501,902
Noncurrent Liabilities
Long-term debt and lease obligation1,8432,4312,4231,8201,4501,7211,698
Long-term debt, excluding current maturities1,6862,2782,2761,6671,2861,5491,698
Operating lease, liability157153147153164172 
Liabilities, other than long-term debt2,1871,9012,0182,0722,1031,8081,823
Accounts payable and accrued liabilities511470464462457455459
Liability, pension and other postretirement and postemployment benefits1,3611,1021,2581,3191,3551,0941,109
Other liabilities315329296291291259255
Other undisclosed noncurrent liabilities      179
Total noncurrent liabilities:4,0304,3324,4413,8923,5533,5293,700
Total liabilities:6,2566,5656,5555,9725,4435,4795,602
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9011,8791,6771,6421,5881,7041,627
Treasury stock, value(2,058)(2,058)(2,058)(2,058)(1,974)(1,916)(1,848)
Additional paid in capital1,9721,9641,9611,9551,9611,9501,943
Accumulated other comprehensive loss(1,547)(1,357)(1,376)(1,394)(1,409)(1,232)(1,251)
Retained earnings3,5333,3303,1503,1393,0092,9022,783
Other undisclosed stockholders' equity attributable to parent1   1  
Other undisclosed stockholders' equity 111 11
Total stockholders' equity:1,9011,8801,6781,6431,5881,7051,628
TOTAL LIABILITIES AND EQUITY:8,1578,4458,2337,6157,0317,1847,230

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Gross profit:2,7572,3142,0272,2632,4122,2192,188
Operating expenses(256)(220)(214)(214)(224)(209)(184)
Other undisclosed operating loss(2,196)(1,872)(1,756)(1,834)(2,002)(1,796)(1,829)
Operating income:30522257215186214175
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1423(13) (1)5
Interest and debt expense(46)(27)(25)(16)(18)(18)(18)
Income from continuing operations before equity method investments, income taxes:27319735186168195162
Other undisclosed income from continuing operations before income taxes30293030432
Income from continuing operations before income taxes:30322665216172198164
Income tax expense(54)(4)(12)(44)(23)(44)(36)
Net income available to common stockholders, diluted:24922253172149154128

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:24922253172149154128
Other comprehensive loss(120)(6)(6)(6)(102)(7)(6)
Comprehensive income:1292164716647147122
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(70)252421(75)2624
Comprehensive income (loss), net of tax, attributable to parent:5924171187(28)173146

Statements sources

The financial statements are based on the company's filings with the 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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