Northrop Grumman Corporation (NOC) Financial Statements (2024 and earlier)

Company Profile

Business Address 2980 FAIRVIEW PARK DRIVE
FALLS CHURCH, VA 22042
State of Incorp.
Fiscal Year End December 31
Industry (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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5773,5304,9072,2451,57911,225
Cash and cash equivalents2,5773,5304,9072,2451,57911,225
Receivables7,4946,9596,6416,6606,4743,976
Inventory, net of allowances, customer advances and progress billings978811759783654780
Inventory 978811759783654780
Other undisclosed inventory, net of allowances, customer advances and progress billings      
Contract with customer, asset, after allowance for credit loss     
Other current assets1,4391,1261,402997973368
Other undisclosed current assets   1,635   
Total current assets:12,48812,42615,34410,6859,68016,349
Noncurrent Assets
Operating lease, right-of-use asset1,8111,6551,5331,511
Property, plant and equipment8,8007,8947,0716,9126,3724,225
Intangible assets, net (including goodwill)17,90018,09318,30119,74820,04412,455
Goodwill17,51617,51517,51818,70818,67212,455
Intangible assets, net (excluding goodwill)3845787831,0401,372 
Deferred income tax assets162200  
Other noncurrent assets2,5942,3111,9091,7251,4631,413
Deferred tax assets, net94475
Other undisclosed noncurrent assets   311508  
Total noncurrent assets:31,26730,15329,12530,40427,97318,568
TOTAL ASSETS:43,75542,57944,46941,08937,65334,917
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,6444,1903,8034,0913,8583,043
Employee-related liabilities1,9931,9971,8651,6761,382
Accounts payable2,5872,1971,8062,2262,1821,661
Accrued liabilities2,057     
Deferred revenue3,6093,0262,5172,237
Customer advances and deposits1,617
Other liabilities3,3342,3143,0023,1062,4992,305
Other undisclosed current liabilities   258 1,917 
Total current liabilities:11,5879,5309,5809,4348,2746,965
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,80512,77714,26112,77013,88314,399
Long-term debt, excluding current maturities11,80512,77714,261   
Other undisclosed long-term debt and lease obligation  (1,590)(1,343)11,46213,88314,399
Liabilities, other than long-term debt4,9195,2668,7068,7587,3096,505
Deferred tax liabilities, net108 
Liability, pension and other postretirement and postemployment benefits1,1883,2696,4986,9795,7555,511
Other liabilities1,9071,9972,2081,7791,446994
Operating lease, liability1,8241,5901,3431,308
Other undisclosed noncurrent liabilities 1322,0801,3431,308  
Total noncurrent liabilities:16,85620,12324,31022,83621,19220,904
Total liabilities:28,44329,65333,89032,27029,46627,869
Equity
Equity, attributable to parent15,31212,92610,5798,8198,1877,048
Common stock153156167168171174
Additional paid in capital   58  44
Accumulated other comprehensive loss(153)(143)(128)(97)(52)(4,718)
Retained earnings15,31212,91310,4828,7488,06811,548
Total equity:15,31212,92610,5798,8198,1877,048
TOTAL LIABILITIES AND EQUITY:43,75542,57944,46941,08937,65334,917

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues36,60235,66736,79933,84130,09525,803
Revenue, net25,803
Cost of revenue
(Cost of Goods and Services Sold)
 (45)    (19,849)
Other undisclosed gross profit      
Gross profit:36,55735,66736,79933,84130,0955,954
Operating expenses(33,001)(31,996)(5,780)(4,575)(4,007)(2,655)
Other undisclosed operating income (loss)451,980(26,954)(25,297)(22,308) 
Operating income:3,6015,6514,0653,9693,7803,299
Nonoperating income
(Other Nonoperating income)
41992107130110
Interest and debt expense(506)(556)(593)(528)(562)(360)
Income from continuing operations before equity method investments, income taxes:3,0995,1143,5643,5483,3483,049
Other undisclosed income (loss) from continuing operations before income taxes2,7373,824164(1,000)394 
Income from continuing operations before income taxes:5,8368,9383,7282,5483,7423,049
Income tax expense(940)(1,933)(539)(300)(513)(1,034)
Income from continuing operations:4,8967,0053,1892,2483,2292,015
Income before gain (loss) on sale of properties:7,0053,1892,2483,2292,015
Net income available to common stockholders, diluted:4,8967,0053,1892,2483,2292,015

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:4,8967,0053,1892,2483,2292,015
Other comprehensive income (loss)(10)(15)(31)(45)(74)828
Comprehensive income, net of tax, attributable to parent:4,8866,9903,1582,2033,1552,843

Statements Sources

The financial statements are based on the Company's filings with 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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