Huntington Ingalls Industries, Inc. (HII) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments752407017208949901,043
Cash and cash equivalents752407017208949901,043
Receivables4662521,1881,1641,0741,0381,123
Inventory, net of allowances, customer advances and progress billings, including:136128183210285339311
Other undisclosed inventory, net of allowances, customer advances and progress billings136128183210285339311
Disposal group, including discontinued operation95      
Deferred tax assets    129170
Other undisclosed current assets1,0131,12512348315029
Total current assets:1,7851,7452,1952,1422,2842,5462,676
Noncurrent Assets
Property, plant and equipment2,8322,5172,2151,9861,8271,7921,897
Intangible assets, net (including goodwill)     1,5731,409
Goodwill     1,026881
Intangible assets, net (excluding goodwill)     547528
Other noncurrent assets2,4142,1211,9642,2241,9131,9311,652
Defined benefit plan, assets for plan benefits  17124
Deferred tax assets, net    212 
Other undisclosed noncurrent assets     (1,802)(1,533)
Total noncurrent assets:5,2464,6384,1794,2103,7403,7233,549
TOTAL ASSETS:7,0316,3836,3746,3526,0246,2696,225
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4401,4981,2451,1771,1491,130337
Accounts payable497562375316317269337
Accrued liabilities323332236256247249 
Employee-related liabilities620604634605585612 
Debt35    10879
Accrued environmental loss contingencies     22
Disposal group, including discontinued operation77      
Billings in excess of cost14616612574115
Other undisclosed current liabilities338331   (2)859
Total current liabilities:1,8901,8291,3911,3431,2741,3121,392
Noncurrent Liabilities
Long-term debt and lease obligation1,4501,2831,2791,2781,2731,5921,700
Long-term debt, excluding current maturities1,2861,2831,2791,2781,2731,5921,700
Operating lease, liability164
Liabilities, other than long-term debt2,1031,7551,9462,0781,9872,0001,193
Pension and other postretirement defined benefit plans, liabilities1,006
Accounts payable and accrued liabilities457454509441460449 
Deferred tax liabilities, net     83
Liability, pension and other postretirement and postemployment benefits1,3551,1121,3361,5471,4241,446
Other liabilities29118910190103105104
Other undisclosed noncurrent liabilities      419
Total noncurrent liabilities:3,5533,0383,2253,3563,2603,5923,312
Total liabilities:5,4434,8674,6164,6994,5344,9044,704
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5881,5161,7581,6531,4901,3651,521
Treasury stock, value(1,974)(1,760)(972)(684)(492)(258)(120)
Additional paid in capital1,9611,9541,9421,9641,9781,9591,925
Accumulated other comprehensive loss(1,409)(1,288)(900)(951)(845)(862)(521)
Retained earnings3,0092,6091,6871,323848525236
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:1,5881,5161,7581,6531,4901,3651,521
TOTAL LIABILITIES AND EQUITY:7,0316,3836,3746,3526,0246,2696,225

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8,8998,1767,4417,0837,0206,9576,820
Revenue, net7,4417,0687,0206,9576,820
Cost of revenue
(Cost of Goods and Services Sold)
  (6,018)(5,608)(5,517)(5,540)(5,583)
Gross profit:8,8998,1761,4231,4751,5031,4171,237
Operating expenses(788)(871)(570)(623)(669)(141)(113)
Other undisclosed operating income (loss)(7,375)(6,354)126(65)(622)(613)
Operating income:736951865858769655512
Nonoperating income
(Other Nonoperating income)
541  1 
Interest and debt expense(70)(58)(94)(74)(137)(112)(118)
Income from continuing operations before equity method investments, income taxes:671897772784632544394
Income from equity method investments     1114
Other undisclosed income (loss) from continuing operations before income taxes1274   (48)(14)
Income from continuing operations before income taxes:683971772784632507394
Income tax expense(134)(135)(293)(211)(228)(169)(133)
Net income available to common stockholders, diluted:549836479573404338261

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:549836479573404338261
Other comprehensive income (loss)(121)(175)51(106)17(341)705
Comprehensive income (loss), net of tax, attributable to parent:428661530467421(3)966

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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