Huntington Ingalls Industries, Inc. (HII) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments62751275240701720894
Cash and cash equivalents62751275240701720894
Receivables6425684662521,1881,1641,074
Inventory, net of allowances, customer advances and progress billings, including:161137136128183210285
Other undisclosed inventory, net of allowances, customer advances and progress billings161137136128183210285
Disposal group, including discontinued operation 13395    
Other undisclosed current assets1,3601,0941,0131,1251234831
Total current assets:2,7902,4441,7851,7452,1952,1422,284
Noncurrent Assets
Property, plant and equipment3,1072,9782,8322,5172,2151,9861,827
Other noncurrent assets4,7302,7352,4142,1211,9642,2241,913
Total noncurrent assets:7,8375,7135,2464,6384,1794,2103,740
TOTAL ASSETS:10,6278,1577,0316,3836,3746,3526,024
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7761,5731,4401,4981,2451,1771,149
Accounts payable603460497562375316317
Accrued liabilities423462323332236256247
Employee-related liabilities750651620604634605585
Debt  35    
Disposal group, including discontinued operation 6877    
Billings in excess of cost146166125
Other undisclosed current liabilities651585338331   
Total current liabilities:2,4272,2261,8901,8291,3911,3431,274
Noncurrent Liabilities
Long-term debt and lease obligation3,4921,8431,4501,2831,2791,2781,273
Long-term debt, excluding current maturities3,2981,6861,2861,2831,2791,2781,273
Operating lease, liability194157164
Liabilities, other than long-term debt1,5872,1872,1031,7551,9462,0781,987
Accounts payable and accrued liabilities506511457454509441460
Liability, pension and other postretirement and postemployment benefits7191,3611,3551,1121,3361,5471,424
Other liabilities36231529118910190103
Other undisclosed noncurrent liabilities313      
Total noncurrent liabilities:5,3924,0303,5533,0383,2253,3563,260
Total liabilities:7,8196,2565,4434,8674,6164,6994,534
Stockholders' equity
Stockholders' equity attributable to parent, including:2,8081,9011,5881,5161,7581,6531,490
Treasury stock, value(2,159)(2,058)(1,974)(1,760)(972)(684)(492)
Additional paid in capital1,9981,9721,9611,9541,9421,9641,978
Accumulated other comprehensive loss(923)(1,547)(1,409)(1,288)(900)(951)(845)
Retained earnings3,8913,5333,0092,6091,6871,323848
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:2,8081,9011,5881,5161,7581,6531,490
TOTAL LIABILITIES AND EQUITY:10,6278,1577,0316,3836,3746,3526,024

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,5249,3618,8998,1767,4417,0837,020
Revenue, net7,4417,0687,020
Cost of revenue
(Cost of Goods and Services Sold)
    (6,018)(5,608)(5,517)
Gross profit:9,5249,3618,8998,1761,4231,4751,503
Operating expenses(898)(904)(788)(871)(570)(623)(669)
Other undisclosed operating income (loss)(8,113)(7,658)(7,375)(6,354)126(65)
Operating income:513799736951865858769
Nonoperating income
(Other Nonoperating income)
176541  
Interest and debt expense(89)(114)(70)(58)(94)(74)(137)
Income from continuing operations before equity method investments, income taxes:441691671897772784632
Other undisclosed income from continuing operations before income taxes1811191274   
Income from continuing operations before income taxes:622810683971772784632
Income tax expense(78)(114)(134)(135)(293)(211)(228)
Net income available to common stockholders, diluted:544696549836479573404

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:544696549836479573404
Other comprehensive income (loss)624(138)(121)(175)51(106)17
Comprehensive income, net of tax, attributable to parent:1,168558428661530467421

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: