Northrop Grumman Corporation (NOC) financial statements (2022 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)

12/31/2021
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 investments3,5304,9072,2451,57911,2252,5412,319
Cash and cash equivalents3,5304,9072,2451,57911,2252,5412,319
Receivables6,9596,6416,6606,4743,9763,2992,841
Inventory, net of allowances, customer advances and progress billings811759783654780816 
Inventory811759783654780816807
Progress payments netted against inventory for long-term contracts or programs      (807)
Other current assets1,1261,402997973368200367
Other undisclosed current assets 1,635    807
Total current assets:12,42615,34410,6859,68016,3496,8566,334
Noncurrent Assets
Operating lease, right-of-use asset1,6551,5331,511
Property, plant and equipment7,8947,0716,9126,3724,2253,5883,064
Intangible assets, net (including goodwill)18,09318,30119,74820,04412,45512,45012,460
Goodwill17,51517,51818,70818,67212,45512,45012,460
Intangible assets, net (excluding goodwill)5787831,0401,372   
Deferred income tax assets200  
Other noncurrent assets2,3111,9091,7251,4631,4131,2581,187
Deferred tax assets, net944751,4621,409
Other undisclosed noncurrent assets 311508    
Total noncurrent assets:30,15329,12530,40427,97318,56818,75818,120
TOTAL ASSETS:42,57944,46941,08937,65334,91725,61424,454
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1903,8034,0913,8583,0432,8962,477
Accounts payable2,1971,8062,2262,1821,6611,5541,282
Employee-related liabilities1,9931,9971,8651,6761,3821,3421,195
Deferred revenue3,0262,5172,237
Customer advances and deposits1,6171,4711,537
Other liabilities2,3143,0023,1062,4992,3051,2631,443
Other undisclosed current liabilities 258 1,917   
Total current liabilities:9,5309,5809,4348,2746,9655,6305,457
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,77714,26112,77013,88314,3997,0586,416
Long-term debt, excluding current maturities12,77714,261     
Operating lease, liability1,5901,3431,308
Other undisclosed long-term debt and lease obligation(1,590)(1,343)11,46213,88314,3997,0586,416
Liabilities, other than long-term debt5,2668,7068,7587,3096,5057,6677,059
Deferred tax liabilities, net108   
Liability, pension and other postretirement and postemployment benefits3,2696,4986,9795,7555,5116,8186,172
Other liabilities1,9972,2081,7791,446994849887
Other undisclosed noncurrent liabilities2,0801,3431,308    
Total noncurrent liabilities:20,12324,31022,83621,19220,90414,72513,475
Total liabilities:29,65333,89032,27029,46627,86920,35518,932
Stockholders' equity
Stockholders' equity attributable to parent12,92610,5798,8198,1877,0485,2595,522
Common stock156167168171174175181
Additional paid in capital 58  44  
Accumulated other comprehensive loss(143)(128)(97)(52)(4,718)(5,546)(5,320)
Retained earnings12,91310,4828,7488,06811,54810,63010,661
Total stockholders' equity:12,92610,5798,8198,1877,0485,2595,522
TOTAL LIABILITIES AND EQUITY:42,57944,46941,08937,65334,91725,61424,454

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
Revenues35,66736,79933,84130,09525,80324,50823,526
Revenue, net25,80324,50823,526
Cost of revenue
(Cost of Goods and Services Sold)
    (19,849)(18,731)(17,884)
Gross profit:35,66736,79933,84130,0955,9545,7775,642
Operating expenses(31,996)(5,780)(4,575)(4,007)(2,655)(2,584)(2,566)
Other undisclosed operating income (loss)1,980(26,954)(25,297)(22,308)   
Operating income:5,6514,0653,9693,7803,2993,1933,076
Nonoperating income
(Other Nonoperating income)
19921071301103115
Interest and debt expense(556)(593)(528)(562)(360)(301)(301)
Income from continuing operations before equity method investments, income taxes:5,1143,5643,5483,3483,0492,9232,790
Other undisclosed income (loss) from continuing operations before income taxes3,824164(1,000)394   
Income from continuing operations before income taxes:8,9383,7282,5483,7423,0492,9232,790
Income tax expense(1,933)(539)(300)(513)(1,034)(723)(800)
Net income available to common stockholders, diluted:7,0053,1892,2483,2292,0152,2001,990

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:7,0053,1892,2483,2292,0152,2001,990
Other comprehensive income (loss)(15)(31)(45)(74)828(226)36
Comprehensive income, net of tax, attributable to parent:6,9903,1582,2033,1552,8431,9742,026

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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