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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,9074,9954,1783,2782,2451,1271,088
Cash and cash equivalents4,9074,9954,1783,2782,2451,1271,088
Receivables6,6411,9581,9892,1366,6607,8887,489
Inventory, net of allowances, customer advances and progress billings, including:759853832785783810810
Inventory759  785783810810
Other undisclosed inventory, net of allowances, customer advances and progress billings 853832    
Contract with customer, asset 5,7235,4605,918   
Other current assets1,4021,0237201,0119971,011772
Other undisclosed current assets1,635      
Total current assets:15,34414,55213,17913,12810,68510,83610,159
Noncurrent Assets
Operating lease, right-of-use asset1,5331,4791,5281,4691,5111,5111,278
Property, plant and equipment7,0717,1877,0636,9566,9126,6116,522
Intangible assets, net (including goodwill)18,30119,55519,61619,67219,74819,83019,914
Goodwill17,51818,71118,70718,69818,70818,70718,708
Intangible assets, net (excluding goodwill)7838449099741,0401,1231,206
Deferred income tax assets 188346355   
Other noncurrent assets1,9091,8111,7431,6231,7251,6821,626
Other undisclosed noncurrent assets311   5088385
Total noncurrent assets:29,12530,22030,29630,07530,40429,71729,425
TOTAL ASSETS:44,46944,77243,47543,20341,08940,55339,584
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8034,0443,6203,5434,0913,7653,490
Accounts payable1,8062,1972,0062,0712,2262,0211,962
Employee-related liabilities1,9971,8471,6141,4721,8651,7441,528
Deferred revenue2,5172,2352,1792,0272,237  
Debt     7041,089
Other liabilities3,0023,8303,9284,6073,1062,5242,723
Other undisclosed current liabilities258    1,423853
Total current liabilities:9,58010,1099,72710,1779,4348,4168,155
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,26115,55215,59215,57912,77013,82613,838
Long-term debt, excluding current maturities14,26114,26014,25914,299   
Operating lease, liability1,3431,2921,3331,2801,3081,3041,081
Other undisclosed long-term debt and lease obligation(1,343)   11,46212,52212,757
Liabilities, other than long-term debt8,7068,6448,4448,3858,7587,1657,156
Deferred income tax liabilities 39     
Liability, pension and other postretirement and postemployment benefits6,4986,3896,5826,7796,9795,4315,535
Other liabilities2,2082,2161,8621,6061,7791,7341,621
Other undisclosed noncurrent liabilities1,343   1,3081,4151,221
Total noncurrent liabilities:24,31024,19624,03623,96422,83622,40622,215
Total liabilities:33,89034,30533,76334,14132,27030,82230,370
Stockholders' equity
Stockholders' equity attributable to parent10,57910,4679,7129,0628,8199,7319,214
Common stock167167167167168169169
Additional paid in capital582710    
Accumulated other comprehensive loss(128)(121)(117)(116)(97)(87)(75)
Retained earnings10,48210,3949,6529,0118,7489,6499,120
Total stockholders' equity:10,57910,4679,7129,0628,8199,7319,214
TOTAL LIABILITIES AND EQUITY:44,46944,77243,47543,20341,08940,55339,584

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Gross profit:10,2129,0838,8848,6208,7218,4758,456
Operating expenses(3,305)(855)(832)(788)(2,255)(776)(784)
Other undisclosed operating loss(5,755)(7,243)(7,058)(6,898)(5,330)(6,748)(6,726)
Operating income:1,1529859949341,136951946
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
563460(58)252719
Interest and debt expense(160)(154)(154)(125)(130)(123)(137)
Income from continuing operations before equity method investments, income taxes:1,0488659007511,031855828
Other undisclosed income (loss) from continuing operations before income taxes(743)302303302(1,600)200200
Income (loss) from continuing operations before income taxes:3051,1671,2031,053(569)1,0551,028
Income tax expense (benefit)25(181)(198)(185)160(122)(167)
Net income (loss) available to common stockholders, diluted:3309861,005868(409)933861

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):3309861,005868(409)933861
Other comprehensive loss(7)(4)(1)(19)(10)(12)(16)
Comprehensive income (loss), net of tax, attributable to parent:3239821,004849(419)921845

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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