Northrop Grumman Corporation (NOC) financial statements (2021 and earlier)

Company profile

Business Address 2980 FAIRVIEW PARK DRIVE
FALLS CHURCH, VA 22042
State of Incorp.
Fiscal Year End December 31
SIC 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,9072,2451,57911,2252,5412,3193,863
Cash and cash equivalents4,9072,2451,57911,2252,5412,3193,863
Receivables6,6416,6606,4743,9763,2992,8415,612
Inventory, net of allowances, customer advances and progress billings759783654780816 (873)
Inventory759783654780816807 
Progress payments netted against inventory for long-term contracts or programs     (807)(873)
Deferred tax assets    404
Other current assets1,402997973368200367369
Other undisclosed current assets1,635    807(1,191)
Total current assets:15,34410,6859,68016,3496,8566,3348,184
Noncurrent Assets
Operating lease, right-of-use asset1,5331,511
Property, plant and equipment7,0716,9126,3724,2253,5883,0642,991
Long-term investments and receivables      336
Long-term investments      336
Intangible assets, net (including goodwill)18,30119,74820,04412,45512,45012,46012,567
Goodwill17,51818,70818,67212,45512,45012,46012,466
Intangible assets, net (excluding goodwill)7831,0401,372   101
Other noncurrent assets1,9091,7251,4631,4131,2581,1871,309
Deferred tax assets, net944751,4621,4091,622
Other undisclosed noncurrent assets311508    (437)
Total noncurrent assets:29,12530,40427,97318,56818,75818,12018,388
TOTAL ASSETS:44,46941,08937,65334,91725,61424,45426,572
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8034,0913,8583,0432,8962,4772,746
Accounts payable1,8062,2262,1821,6611,5541,2821,305
Employee-related liabilities1,9971,8651,6761,3821,3421,1951,441
Deferred revenue2,5172,237
Debt      3
Customer advances and deposits1,6171,4711,5371,713
Other liabilities3,0023,1062,4992,3051,2631,4431,433
Other undisclosed current liabilities258 1,917   (3)
Total current liabilities:9,5809,4348,2746,9655,6305,4575,892
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,26112,77013,88314,3997,0586,4165,925
Long-term debt, excluding current maturities14,261      
Operating lease, liability1,3431,308
Other undisclosed long-term debt and lease obligation(1,343)11,46213,88314,3997,0586,4165,925
Liabilities, other than long-term debt8,7068,7587,3096,5057,6677,0597,520
Deferred tax liabilities, net108    
Liability, pension and other postretirement and postemployment benefits6,4986,9795,7555,5116,8186,1726,555
Other liabilities2,2081,7791,446994849887965
Other undisclosed noncurrent liabilities1,3431,308     
Total noncurrent liabilities:24,31022,83621,19220,90414,72513,47513,445
Total liabilities:33,89032,27029,46627,86920,35518,93219,337
Stockholders' equity
Stockholders' equity attributable to parent10,5798,8198,1877,0485,2595,5227,235
Common stock167168171174175181199
Additional paid in capital58  44   
Accumulated other comprehensive loss(128)(97)(52)(4,718)(5,546)(5,320)(5,356)
Retained earnings10,4828,7488,06811,54810,63010,66112,392
Total stockholders' equity:10,5798,8198,1877,0485,2595,5227,235
TOTAL LIABILITIES AND EQUITY:44,46941,08937,65334,91725,61424,45426,572

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues36,79933,84130,09525,80324,50823,52623,979
Revenue, net25,80324,50823,52623,979
Cost of revenue
(Cost of Goods and Services Sold)
   (19,849)(18,731)(17,884)(18,378)
Gross profit:36,79933,84130,0955,9545,7775,6425,601
Operating expenses(5,780)(4,575)(4,007)(2,655)(2,584)(2,566)(2,996)
Other undisclosed operating income (loss)(26,954)(25,297)(22,308)   591
Operating income:4,0653,9693,7803,2993,1933,0763,196
Nonoperating income
(Other Nonoperating income)
92107130110311523
Interest and debt expense(593)(528)(562)(360)(301)(301)(282)
Income from continuing operations before equity method investments, income taxes:3,5643,5483,3483,0492,9232,7902,937
Other undisclosed income (loss) from continuing operations before income taxes164(1,000)394    
Income from continuing operations before income taxes:3,7282,5483,7423,0492,9232,7902,937
Income tax expense(539)(300)(513)(1,034)(723)(800)(868)
Net income available to common stockholders, diluted:3,1892,2483,2292,0152,2001,9902,069

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3,1892,2483,2292,0152,2001,9902,069
Other comprehensive income (loss)(31)(45)(74)828(226)36(2,372)
Comprehensive income (loss), net of tax, attributable to parent:3,1582,2033,1552,8431,9742,026(303)

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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