Northrop Grumman Corporation (NOC) Financial Statements (2024 and earlier)

Company Profile

Business Address 2980 FAIRVIEW PARK DRIVE
FALLS CHURCH, VA 22042
State of Incorp.
Fiscal Year End December 31
Industry (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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3842,4952,5771,6661,1692,174
Cash and cash equivalents3,3842,4952,5771,6661,1692,174
Receivables2,0962,0617,4941,9362,3871,713
Inventory, net of allowances, customer advances and progress billings, including:1,2871,115978989909838
Inventory   978   
Other undisclosed inventory, net of allowances, customer advances and progress billings1,2871,115 989909838
Contract with customer, asset, after allowance for credit loss5,8706,215 6,4306,2116,118
Other current assets1,2329241,4391,277961713
Total current assets:13,86912,81012,48812,29811,63711,556
Noncurrent Assets
Operating lease, right-of-use asset1,7631,7791,8111,6801,6691,702
Property, plant and equipment8,9768,8388,8008,3258,1258,017
Intangible assets, net (including goodwill)17,86117,88017,90017,94918,00118,056
Goodwill17,51717,51617,51617,51617,51817,523
Intangible assets, net (excluding goodwill)344364384433483533
Deferred income tax assets452234162233239220
Other noncurrent assets2,6882,7032,5942,2482,2432,352
Total noncurrent assets:31,74031,43431,26730,43530,27730,347
TOTAL ASSETS:45,60944,24443,75542,73341,91441,903
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9343,7824,6445,9975,5803,582
Employee-related liabilities1,8311,7411,532
Accounts payable2,0562,1362,5872,3352,0982,050
Accrued liabilities1,8781,6462,0571,8311,741 
Deferred revenue3,3973,2113,6093,1072,7342,876
Other liabilities4,2263,4903,3343,5392,4032,392
Other undisclosed current liabilities    (1,831)(1,741) 
Total current liabilities:11,55710,48311,58710,8128,9768,850
Noncurrent Liabilities
Long-term debt and lease obligation13,79613,77011,80513,49914,48814,486
Long-term debt, excluding current maturities13,79613,77011,80511,80312,83412,825
Liabilities, other than long-term debt4,7704,8554,9194,3934,6684,970
Liability, pension and other postretirement and postemployment benefits1,1611,1731,1882,4052,6922,979
Other liabilities1,8371,8931,9071,9881,9761,991
Operating lease, liability1,7721,7891,8241,6961,6541,661
Other undisclosed noncurrent liabilities   13286131310
Total noncurrent liabilities:18,56618,62516,85617,97819,28719,766
Total liabilities:30,12329,10828,44328,79028,26328,616
Equity
Equity, attributable to parent15,48615,13615,31213,94313,65113,287
Common stock151152153154155156
Accumulated other comprehensive loss(150)(151)(153)(166)(159)(146)
Retained earnings15,48515,13515,31213,95513,65513,277
Total equity:15,48615,13615,31213,94313,65113,287
TOTAL LIABILITIES AND EQUITY:45,60944,24443,75542,73341,91441,903

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues9,5769,30110,0338,9718,8018,797
Other undisclosed gross profit   (45)   
Gross profit:9,5769,3019,9888,9718,8018,797
Operating expenses(8,609)(8,354)(9,127)(8,127)(7,847)(7,900)
Other undisclosed operating income   45   
Operating income:967947906844954897
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
344858(8)(50)4
Interest and debt expense(147)(129)(120)(122)(131)(133)
Income from continuing operations before equity method investments, income taxes:854866844714773768
Other undisclosed income from continuing operations before income taxes1331321,608376377376
Income from continuing operations before income taxes:9879982,4521,0901,1501,144
Income tax expense(175)(156)(372)(175)(204)(189)
Income from continuing operations:8128422,080915946955
Income before gain (loss) on sale of properties:915946955
Net income available to common stockholders, diluted:8128422,080915946955

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:8128422,080915946955
Other comprehensive income (loss)1213(7)(13)(3)
Comprehensive income, net of tax, attributable to parent:8138442,093908933952

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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