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
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 investments2,2451,1271,0887551,5791,2281,539
Cash and cash equivalents2,2451,1271,0887551,5791,2281,539
Receivables6,6607,8887,4897,9516,4747,3027,087
Inventory, net of allowances, customer advances and progress billings783810810778654719690
Inventory783810810778654719690
Other current assets9971,011772959973883406
Total current assets:10,68510,83610,15910,4439,68010,1329,722
Noncurrent Assets
Operating lease, right-of-use asset1,5111,5111,278 
Property, plant and equipment6,9126,6116,5226,4206,3726,0255,864
Intangible assets, net (including goodwill)19,74819,83019,91419,98720,04420,10220,076
Goodwill18,70818,70718,70818,69818,67218,64218,747
Intangible assets, net (excluding goodwill)1,0401,1231,2061,2891,3721,4601,329
Other noncurrent assets1,7251,6821,6261,5341,4631,6151,537
Deferred tax assets, net849469179
Other undisclosed noncurrent assets50883851,283   
Total noncurrent assets:30,40429,71729,42529,30827,97327,81127,656
TOTAL ASSETS:41,08940,55339,58439,75137,65337,94337,378
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,0913,7653,4903,3363,8583,5843,275
Accounts payable2,2262,0211,9621,9322,1821,9391,824
Employee-related liabilities1,8651,7441,5281,4041,6761,6451,451
Deferred revenue2,237   
Debt 7041,0891,523   
Customer advances and deposits1,711
Other liabilities3,1062,5242,7233,5162,4992,7692,847
Other undisclosed current liabilities 1,4238534461,9171,686 
Total current liabilities:9,4348,4168,1558,8218,2748,0397,833
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,77013,82613,83813,86313,88313,88914,387
Operating lease, liability1,3081,3041,081 
Other undisclosed long-term debt and lease obligation11,46212,52212,75713,86313,88313,88914,387
Liabilities, other than long-term debt8,7587,1657,1567,2307,3096,9126,931
Deferred tax liabilities, net133108  
Liability, pension and other postretirement and postemployment benefits6,9795,4315,5355,6465,7555,3945,755
Other liabilities1,7791,7341,6211,4511,4461,5181,176
Other undisclosed noncurrent liabilities1,3081,4151,2211,098   
Total noncurrent liabilities:22,83622,40622,21522,19121,19220,80121,318
Total liabilities:32,27030,82230,37031,01229,46628,84029,151
Stockholders' equity
Stockholders' equity attributable to parent8,8199,7319,2148,7398,1879,1038,227
Common stock168169169170171174174
Accumulated other comprehensive loss(97)(87)(75)(59)(52)(5,535)(5,616)
Retained earnings8,7489,6499,1208,6288,06814,46413,669
Total stockholders' equity:8,8199,7319,2148,7398,1879,1038,227
TOTAL LIABILITIES AND EQUITY:41,08940,55339,58439,75137,65337,94337,378

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
Revenues8,7218,4758,4568,1898,1568,0857,119
Revenue, net7,119
Cost of revenue
(Cost of Goods and Services Sold)
      (5,557)
Gross profit:8,7218,4758,4568,1898,1568,0851,562
Operating expenses(2,255)(776)(784)(760)(1,594)(906)(739)
Other undisclosed operating loss(5,330)(6,748)(6,726)(6,493)(5,637)(6,001) 
Operating income:1,1369519469369251,178823
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
25271936(12)5745
Interest and debt expense(130)(123)(137)(138)(142)(133)(144)
Income from continuing operations before equity method investments, income taxes:1,0318558288347711,102724
Other undisclosed income (loss) from continuing operations before income taxes(1,600)20020020014135125
Income (loss) from continuing operations before income taxes:(569)1,0551,0281,0347851,237849
Income tax expense (benefit)160(122)(167)(171)(128)(93)(160)
Net income (loss) available to common stockholders, diluted:(409)9338618636571,144689

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 (loss):(409)9338618636571,144689
Other comprehensive income (loss)(10)(12)(16)(7)(321)8183
Comprehensive income (loss), net of tax, attributable to parent:(419)9218458563361,225772

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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