Huntington Ingalls Industries, Inc. (HII) financial statements (2021 and earlier)

Company profile

Business Address 4101 WASHINGTON AVENUE
NEWPORT NEWS, VA 23607
State of Incorp. DE
Fiscal Year End December 31
SIC 373 - Ship And Boat Building And Repairing (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 investments51275240701720894990
Cash and cash equivalents51275240701720894990
Receivables5684662521,1881,1641,0741,038
Inventory, net of allowances, customer advances and progress billings, including:137136128183210285339
Other undisclosed inventory, net of allowances, customer advances and progress billings137136128183210285339
Disposal group, including discontinued operation13395     
Deferred tax assets    129
Other undisclosed current assets1,0941,0131,125123483150
Total current assets:2,4441,7851,7452,1952,1422,2842,546
Noncurrent Assets
Property, plant and equipment2,9782,8322,5172,2151,9861,8271,792
Intangible assets, net (including goodwill)      1,573
Goodwill      1,026
Intangible assets, net (excluding goodwill)      547
Other noncurrent assets2,7352,4142,1211,9642,2241,9131,931
Defined benefit plan, assets for plan benefits  17
Deferred tax assets, net    212
Other undisclosed noncurrent assets      (1,802)
Total noncurrent assets:5,7135,2464,6384,1794,2103,7403,723
TOTAL ASSETS:8,1577,0316,3836,3746,3526,0246,269
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5731,4401,4981,2451,1771,1491,130
Accounts payable460497562375316317269
Accrued liabilities462323332236256247249
Employee-related liabilities651620604634605585612
Debt 35    108
Accrued environmental loss contingencies      2
Disposal group, including discontinued operation6877     
Billings in excess of cost14616612574
Other undisclosed current liabilities585338331   (2)
Total current liabilities:2,2261,8901,8291,3911,3431,2741,312
Noncurrent Liabilities
Long-term debt and lease obligation1,8431,4501,2831,2791,2781,2731,592
Long-term debt, excluding current maturities1,6861,2861,2831,2791,2781,2731,592
Operating lease, liability157164
Liabilities, other than long-term debt2,1872,1031,7551,9462,0781,9872,000
Accounts payable and accrued liabilities511457454509441460449
Liability, pension and other postretirement and postemployment benefits1,3611,3551,1121,3361,5471,4241,446
Other liabilities31529118910190103105
Total noncurrent liabilities:4,0303,5533,0383,2253,3563,2603,592
Total liabilities:6,2565,4434,8674,6164,6994,5344,904
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9011,5881,5161,7581,6531,4901,365
Treasury stock, value(2,058)(1,974)(1,760)(972)(684)(492)(258)
Additional paid in capital1,9721,9611,9541,9421,9641,9781,959
Accumulated other comprehensive loss(1,547)(1,409)(1,288)(900)(951)(845)(862)
Retained earnings3,5333,0092,6091,6871,323848525
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:1,9011,5881,5161,7581,6531,4901,365
TOTAL LIABILITIES AND EQUITY:8,1577,0316,3836,3746,3526,0246,269

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
Revenues9,3618,8998,1767,4417,0837,0206,957
Revenue, net7,4417,0687,0206,957
Cost of revenue
(Cost of Goods and Services Sold)
   (6,018)(5,608)(5,517)(5,540)
Gross profit:9,3618,8998,1761,4231,4751,5031,417
Operating expenses(904)(788)(871)(570)(623)(669)(141)
Other undisclosed operating income (loss)(7,658)(7,375)(6,354)126(65)(622)
Operating income:799736951865858769655
Nonoperating income
(Other Nonoperating income)
6541  1
Interest and debt expense(114)(70)(58)(94)(74)(137)(112)
Income from continuing operations before equity method investments, income taxes:691671897772784632544
Income from equity method investments      11
Other undisclosed income (loss) from continuing operations before income taxes1191274   (48)
Income from continuing operations before income taxes:810683971772784632507
Income tax expense(114)(134)(135)(293)(211)(228)(169)
Net income available to common stockholders, diluted:696549836479573404338

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:696549836479573404338
Other comprehensive income (loss)(138)(121)(175)51(106)17(341)
Comprehensive income (loss), net of tax, attributable to parent:558428661530467421(3)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: