← HUNTINGTON INGALLS INDUSTRIES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $573.0m | $479.0m | $836.0m | $549.0m | $696.0m | $544.0m | $579.0m | $681.0m | $550.0m | $605.0m | |
| Depreciation, Depletion and Amortization | $186.0m | $205.0m | $203.0m | $227.0m | $247.0m | $293.0m | $358.0m | $347.0m | $326.0m | $329.0m | |
| Amortization of Debt Issuance Costs | $5.0m | $6.0m | $4.0m | $3.0m | $7.0m | $8.0m | $8.0m | $8.0m | ($17.0m) | — | |
| Amortization of Intangible Assets | $23.0m | $40.0m | $36.0m | $47.0m | $56.0m | $86.0m | $140.0m | $128.0m | $109.0m | $104.0m | |
| Depreciation | $163.0m | $165.0m | $167.0m | $180.0m | $191.0m | $207.0m | $218.0m | $219.0m | $217.0m | $225.0m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $97.0m | $23.0m | $98.0m | $2.0m | ($113.0m) | ($122.0m) | $203.0m | |
| Share-based Payment Arrangement, Noncash Expense | $36.0m | $34.0m | $36.0m | $30.0m | $23.0m | $33.0m | $36.0m | $34.0m | $23.0m | $54.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $51.0m | $56.0m | $25.0m | $23.0m | $13.0m | $7.0m | $14.0m | $13.0m | $25.0m | $14.0m | |
| Share-based Payment Arrangement, Expense | $36.0m | $34.0m | $36.0m | $30.0m | $23.0m | $33.0m | $36.0m | $34.0m | $23.0m | $54.0m | |
| Goodwill and Intangible Asset Impairment | — | — | — | $29.0m | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | $29.0m | — | — | — | — | — | — | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | ($25.0m) | $23.0m | $22.0m | $34.0m | |
| Gain (Loss) on Extinguishment of Debt | — | ($22.0m) | — | — | ($21.0m) | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $6.0m | $12.0m | $17.0m | $22.0m | $32.0m | $41.0m | $48.0m | $37.0m | $49.0m | $46.0m | |
| Income Tax Expense (Benefit) | $211.0m | $293.0m | $135.0m | $134.0m | $114.0m | $78.0m | $140.0m | $172.0m | $93.0m | $172.0m | |
| Other Nonoperating Income (Expense) | — | $1.0m | $4.0m | $5.0m | $6.0m | $17.0m | ($20.0m) | $19.0m | $24.0m | $35.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $22.0m | $35.0m | ($195.0m) | $51.0m | $70.0m | ($58.0m) | $196.0m | ($168.0m) | ($256.0m) | $127.0m | |
| Asset Retirement Obligation, Accretion Expense | ($1.0m) | ($1.0m) | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $623.0m | $570.0m | $871.0m | $788.0m | $904.0m | $898.0m | $924.0m | $1.0b | $973.0m | $977.0m | |
| Goodwill | $1.2b | $1.2b | $1.3b | $1.4b | $1.6b | $2.6b | $2.6b | $2.6b | $2.6b | $2.6b | |
| Net Cash Provided by (Used in) Operating Activities | $822.0m | $814.0m | $914.0m | $896.0m | $1.1b | $760.0m | $766.0m | $970.0m | $393.0m | $1.2b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $285.0m | $382.0m | $463.0m | $530.0m | $353.0m | $331.0m | $284.0m | $292.0m | $367.0m | $402.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $372.0m | ($3.0m) | $77.0m | $195.0m | $417.0m | $1.6b | — | — | — | $132.0m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $4.0m | ($6.0m) | $2.0m | ($9.0m) | ($3.0m) | ($5.0m) | ($2.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($653.0m) | ($349.0m) | ($476.0m) | ($627.0m) | ($759.0m) | ($2.0b) | ($268.0m) | ($236.0m) | ($348.0m) | ($521.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | $600.0m | — | — | $1.0b | $1.6b | — | — | $1.0b | — | |
| Repayments of Long-term Debt | — | $600.0m | — | — | $600.0m | $25.0m | $400.0m | $480.0m | $229.0m | $500.0m | |
| Payments for Repurchase of Common Stock | $194.0m | $286.0m | $742.0m | $262.0m | $84.0m | $101.0m | $52.0m | $75.0m | $162.0m | — | |
| Payments of Ordinary Dividends, Common Stock | $98.0m | $115.0m | $132.0m | $149.0m | $172.0m | $186.0m | $192.0m | $200.0m | $206.0m | $213.0m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | ($3.0m) | ($5.0m) | ($5.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($343.0m) | ($484.0m) | ($899.0m) | ($434.0m) | $103.0m | $1.3b | ($658.0m) | ($771.0m) | $356.0m | ($732.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $240.0m | $75.0m | — | ($160.0m) | ($37.0m) | $401.0m | ($57.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $467.0m | $430.0m | $831.0m | $774.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $71.0m | $72.0m | $62.0m | $75.0m | $89.0m | $76.0m | $100.0m | $101.0m | $101.0m | $108.0m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | $255.0m | $96.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.