$NOC
NORTHROP GRUMMAN CORP /DE/

2023 Q3 Form 10-Q Financial Statement

#000113342123000045 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $9.775B $9.576B
YoY Change 8.96% 8.81%
Cost Of Revenue $7.734B $7.536B
YoY Change 8.12% 10.14%
Gross Profit $2.041B $2.040B
YoY Change 12.27% 4.13%
Gross Profit Margin 20.88% 21.3%
Selling, General & Admin $1.025B $1.073B
YoY Change 5.24% 6.77%
% of Gross Profit 50.22% 52.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $317.0M $323.0M
YoY Change -3.06% -2.12%
% of Gross Profit 15.53% 15.83%
Operating Expenses $8.759B $1.073B
YoY Change 7.78% -86.33%
Operating Profit $1.016B $967.0M
YoY Change 20.38% 1.36%
Interest Expense -$141.0M -$147.0M
YoY Change 15.57% 12.21%
% of Operating Profit -13.88% -15.2%
Other Income/Expense, Net $111.0M $167.0M
YoY Change -1487.5% -434.0%
Pretax Income $1.118B $987.0M
YoY Change 2.57% -14.17%
Income Tax $181.0M $175.0M
% Of Pretax Income 16.19% 17.73%
Net Earnings $937.0M $812.0M
YoY Change 2.4% -14.16%
Net Earnings / Revenue 9.59% 8.48%
Basic Earnings Per Share $6.20 $5.35
Diluted Earnings Per Share $6.18 $5.34
COMMON SHARES
Basic Shares Outstanding 151.3M shares 151.9M shares
Diluted Shares Outstanding 151.7M shares 152.2M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.400B $3.384B
YoY Change 20.85% 122.78%
Cash & Equivalents $2.082B $3.384B
Short-Term Investments $318.0M $334.0M
Other Short-Term Assets $1.679B $1.232B
YoY Change 31.48% 28.2%
Inventory $1.355B $1.287B
Prepaid Expenses
Receivables $1.764B $7.966B
Other Receivables $0.00 $0.00
Total Short-Term Assets $13.15B $13.87B
YoY Change 6.93% 19.18%
LONG-TERM ASSETS
Property, Plant & Equipment $9.173B $10.74B
YoY Change 10.19% 32.17%
Goodwill $17.51B $17.52B
YoY Change -0.01% -0.01%
Intangibles $324.0M $344.0M
YoY Change -25.17% -28.78%
Long-Term Investments $318.0M $334.0M
YoY Change -0.63% -4.57%
Other Assets $2.691B $2.806B
YoY Change 19.71% 25.1%
Total Long-Term Assets $31.75B $31.74B
YoY Change 4.31% 4.83%
TOTAL ASSETS
Total Short-Term Assets $13.15B $13.87B
Total Long-Term Assets $31.75B $31.74B
Total Assets $44.90B $45.61B
YoY Change 5.06% 8.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.260B $2.056B
YoY Change -3.21% -2.0%
Accrued Expenses $2.144B $2.080B
YoY Change 5.56% 7.88%
Deferred Revenue $3.458B $3.397B
YoY Change 11.3% 24.25%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $64.00M $1.097B
YoY Change -94.01% 7735.71%
Total Short-Term Liabilities $10.31B $11.56B
YoY Change -4.69% 28.75%
LONG-TERM LIABILITIES
Long-Term Debt $13.79B $13.80B
YoY Change 16.86% 7.5%
Other Long-Term Liabilities $1.987B $4.770B
YoY Change -0.05% 141.4%
Total Long-Term Liabilities $15.78B $18.57B
YoY Change 14.42% 25.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.31B $11.56B
Total Long-Term Liabilities $15.78B $18.57B
Total Liabilities $28.97B $30.12B
YoY Change 0.62% 6.58%
SHAREHOLDERS EQUITY
Retained Earnings $15.92B $15.49B
YoY Change 14.11% 13.4%
Common Stock $151.0M $151.0M
YoY Change -1.95% -2.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.93B $15.49B
YoY Change
Total Liabilities & Shareholders Equity $44.90B $45.61B
YoY Change 5.06% 8.82%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $937.0M $812.0M
YoY Change 2.4% -14.16%
Depreciation, Depletion And Amortization $317.0M $323.0M
YoY Change -3.06% -2.12%
Cash From Operating Activities $1.228B $919.0M
YoY Change -8.01% -566.5%
INVESTING ACTIVITIES
Capital Expenditures $359.0M $304.0M
YoY Change -221.28% -215.59%
Acquisitions
YoY Change
Other Investing Activities $159.0M $1.000M
YoY Change 57.43% -97.73%
Cash From Investing Activities -$200.0M -$303.0M
YoY Change 2.56% 38.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.330B 273.0M
YoY Change 262.36% -146.35%
NET CHANGE
Cash From Operating Activities 1.228B 919.0M
Cash From Investing Activities -200.0M -303.0M
Cash From Financing Activities -2.330B 273.0M
Net Change In Cash -1.302B 889.0M
YoY Change -361.97% -188.46%
FREE CASH FLOW
Cash From Operating Activities $1.228B $919.0M
Capital Expenditures $359.0M $304.0M
Free Cash Flow $869.0M $615.0M
YoY Change -46.72% 831.82%

Facts In Submission

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us-gaap Use Of Estimates
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Preparation of the financial statements requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the financial statements, as well as the reported amounts of sales and expenses during the reporting period. Estimates have been prepared using the most current and best available information; however, actual results could differ materially from those estimates.
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