Huntington Ingalls Industries, Inc. (HII) financial statements (2020 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7532295124068398
Cash and cash equivalents7532295124068398
Receivables466489564375252472364
Inventory, net of allowances, customer advances and progress billings, including:136139126127128180174
Other undisclosed inventory, net of allowances, customer advances and progress billings136139126127128180174
Disposal group, including discontinued operation95      
Other undisclosed current assets1,0131,3651,4041,3691,1251,1391,216
Total current assets:1,7852,0252,1231,9221,7451,8592,152
Noncurrent Assets
Operating lease, right-of-use asset 208  
Property, plant and equipment2,8322,7002,6262,5692,5172,3322,258
Intangible assets, net (including goodwill) 1,9081,9211,932 1,6971,707
Goodwill 1,4021,4031,402 1,2171,217
Intangible assets, net (excluding goodwill) 506518530 480490
Regulated entity, other noncurrent assets 202121 2324
Other noncurrent assets2,414   2,121  
Deferred tax assets, net120140 9892
Other undisclosed noncurrent assets 323419416 190142
Total noncurrent assets:5,2465,1595,1075,0784,6384,3404,223
TOTAL ASSETS:7,0317,1847,2307,0006,3836,1996,375
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4401,6061,5641,6001,4981,3641,299
Accounts payable497616616618562407378
Accrued liabilities323332307362332317277
Employee-related liabilities620658641620604640644
Deferred revenue 344  
Debt35      
Accrued environmental loss contingencies      1
Disposal group, including discontinued operation77      
Contract with customer, liability338360 267 
Other undisclosed current liabilities338   331 209
Total current liabilities:1,8901,9501,9021,9601,8291,6311,509
Noncurrent Liabilities
Long-term debt and lease obligation1,4501,7211,6981,4961,2831,2821,281
Long-term debt, excluding current maturities1,2861,5491,6981,4961,2831,2821,281
Operating lease, liability164172  
Liabilities, other than long-term debt2,1031,8081,8231,7971,7551,4611,886
Accounts payable and accrued liabilities457455459459454471506
Liability, pension and other postretirement and postemployment benefits1,3551,0941,1091,1131,1128491,250
Other liabilities291259255225189141130
Other undisclosed noncurrent liabilities  179184   
Total noncurrent liabilities:3,5533,5293,7003,4773,0382,7433,167
Total liabilities:5,4435,4795,6025,4374,8674,3744,676
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5881,7041,6271,5621,5161,8241,698
Treasury stock, value(1,974)(1,916)(1,848)(1,796)(1,760)(1,484)(1,385)
Additional paid in capital1,9611,9501,9431,9361,9541,9441,932
Accumulated other comprehensive loss(1,409)(1,232)(1,251)(1,269)(1,288)(1,070)(1,085)
Retained earnings3,0092,9022,7832,6912,6092,4342,236
Other undisclosed stockholders' equity attributable to parent1   1  
Other undisclosed stockholders' equity 111 11
Total stockholders' equity:1,5881,7051,6281,5631,5161,8251,699
TOTAL LIABILITIES AND EQUITY:7,0317,1847,2307,0006,3836,1996,375

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues2,4122,2192,1882,0802,1992,0832,032
Revenue, net2,020
Cost of revenue
(Cost of Goods and Services Sold)
      (1,568)
Gross profit:2,4122,2192,1882,0802,1992,083464
Operating expenses(224)(209)(184)(171)(262)(208)(209)
Other undisclosed operating income (loss)(2,002)(1,796)(1,829)(1,748)(1,724)(1,585)2
Operating income:186214175161213290257
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (1)512 1
Interest and debt expense(18)(18)(18)(16)(14)(14)(15)
Income from continuing operations before equity method investments, income taxes:168195162146201276243
Other undisclosed income from continuing operations before income taxes4323181919
Income from continuing operations before income taxes:172198164149219295262
Income tax expense(23)(44)(36)(31)(7)(66)(23)
Net income available to common stockholders, diluted:149154128118212229239

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:149154128118212229239
Other comprehensive loss(102)(7)(6)(6)(159)(5)(6)
Comprehensive income:4714712211253224233
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(75)262425(59)2019
Comprehensive income (loss), net of tax, attributable to parent:(28)173146137(6)244252

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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