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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2451,57911,2252,5412,3193,8635,150
Cash and cash equivalents2,2451,57911,2252,5412,3193,8635,150
Receivables6,6606,4743,9763,2992,8415,6125,370
Inventory, net of allowances, customer advances and progress billings783654780816 (873)698
Inventory783654780816807 698
Progress payments netted against inventory for long-term contracts or programs    (807)(873)
Deferred tax assets    404605
Other current assets997973368200367369350
Other undisclosed current assets    807(1,191)(2,685)
Total current assets:10,6859,68016,3496,8566,3348,1849,488
Noncurrent Assets
Operating lease, right-of-use asset1,511
Property, plant and equipment6,9126,3724,2253,5883,0642,9912,806
Long-term investments and receivables     336310
Long-term investments     336310
Intangible assets, net (including goodwill)19,74820,04412,45512,45012,46012,56712,542
Goodwill18,70818,67212,45512,45012,46012,46612,438
Intangible assets, net (excluding goodwill)1,0401,372   101104
Other noncurrent assets1,7251,4631,4131,2581,1871,3091,440
Deferred tax assets, net944751,4621,4091,622209
Other undisclosed noncurrent assets508    (437)(414)
Total noncurrent assets:30,40427,97318,56818,75818,12018,38816,893
TOTAL ASSETS:41,08937,65334,91725,61424,45426,57226,381
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,0913,8583,0432,8962,4772,7462,398
Accounts payable2,2262,1821,6611,5541,2821,3051,229
Employee-related liabilities1,8651,6761,3821,3421,1951,4411,169
Deferred revenue2,237
Debt     32
Customer advances and deposits1,6171,4711,5371,713
Other liabilities3,1062,4992,3051,2631,4431,4331,695
Other undisclosed current liabilities 1,917   (3)1,720
Total current liabilities:9,4348,2746,9655,6305,4575,8925,815
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,77013,88314,3997,0586,4165,9255,928
Operating lease, liability1,308
Other undisclosed long-term debt and lease obligation11,46213,88314,3997,0586,4165,9255,928
Liabilities, other than long-term debt8,7587,3096,5057,6677,0597,5204,018
Pension and other postretirement defined benefit plans, liabilities2,954
Deferred tax liabilities, net108     
Liability, pension and other postretirement and postemployment benefits6,9795,7555,5116,8186,1726,555
Other liabilities1,7791,4469948498879651,064
Other undisclosed noncurrent liabilities1,308      
Total noncurrent liabilities:22,83621,19220,90414,72513,47513,4459,946
Total liabilities:32,27029,46627,86920,35518,93219,33715,761
Stockholders' equity
Stockholders' equity attributable to parent8,8198,1877,0485,2595,5227,23510,620
Common stock168171174175181199218
Additional paid in capital  44   848
Accumulated other comprehensive loss(97)(52)(4,718)(5,546)(5,320)(5,356)(2,984)
Retained earnings8,7488,06811,54810,63010,66112,39212,538
Total stockholders' equity:8,8198,1877,0485,2595,5227,23510,620
TOTAL LIABILITIES AND EQUITY:41,08937,65334,91725,61424,45426,57226,381

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues33,84130,09525,80324,50823,52623,97924,661
Revenue, net25,80324,50823,52623,97924,661
Cost of revenue
(Cost of Goods and Services Sold)
  (19,849)(18,731)(17,884)(18,378)(19,282)
Gross profit:33,84130,0955,9545,7775,6425,6015,379
Operating expenses(4,575)(4,007)(2,655)(2,584)(2,566)(2,996)(2,789)
Other undisclosed operating income (loss)(25,297)(22,308)   591533
Operating income:3,9693,7803,2993,1933,0763,1963,123
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
107130110311523(3)
Interest and debt expense(528)(562)(360)(301)(301)(282)(257)
Income from continuing operations before equity method investments, income taxes:3,5483,3483,0492,9232,7902,9372,863
Other undisclosed income (loss) from continuing operations before income taxes(1,000)394     
Income from continuing operations before income taxes:2,5483,7423,0492,9232,7902,9372,863
Income tax expense(300)(513)(1,034)(723)(800)(868)(911)
Net income available to common stockholders, diluted:2,2483,2292,0152,2001,9902,0691,952

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2,2483,2292,0152,2001,9902,0691,952
Other comprehensive income (loss)(45)(74)828(226)36(2,372)1,803
Comprehensive income (loss), net of tax, attributable to parent:2,2033,1552,8431,9742,026(303)3,755

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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