← NORTHROP GRUMMAN CORP /DE/

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 earnings $2.2b $2.0b $3.2b $2.2b $3.2b $7.0b $4.9b $2.1b $4.2b $4.2b
Net Income (Loss) Attributable to Parent $2.2b $2.0b $3.2b $2.2b $3.2b $7.0b $4.9b $2.1b $4.2b $4.2b
Amortization of Intangible Assets $16.0m $14.0m $203.0m $332.0m $262.0m $204.0m $197.0m $80.0m $57.0m $45.0m
Depreciation, Depletion and Amortization $456.0m $475.0m $800.0m $1.0b $1.3b $1.2b $1.3b $1.3b $1.4b $1.5b
Other Depreciation and Amortization — — — — $1.0b $973.0m — — — —
Depreciation, Amortization and Accretion, Net $456.0m $475.0m $800.0m $1.0b $1.3b $1.2b $1.3b $1.3b $1.4b $1.5b
Deferred income taxes $36.0m $603.0m $234.0m ($509.0m) $210.0m $603.0m ($321.0m) ($988.0m) ($582.0m) $548.0m
Payment, Tax Withholding, Share-based Payment Arrangement $153.0m $92.0m $85.0m $65.0m $66.0m $34.0m $50.0m $52.0m $58.0m $39.0m
Payments of employee taxes withheld from share-based awards ($153.0m) ($92.0m) ($85.0m) ($65.0m) ($66.0m) ($34.0m) ($50.0m) ($52.0m) ($58.0m) ($39.0m)
Share-based Payment Arrangement, Expense $93.0m $94.0m $86.0m $127.0m $90.0m $94.0m $99.0m $87.0m $101.0m $119.0m
Share-based Payment Arrangement, Noncash Expense $93.0m $94.0m $86.0m $127.0m $90.0m $94.0m $99.0m $87.0m $101.0m $119.0m
Gain (Loss) on Disposition of Assets — — — — — — $96.0m — — —
Gain (Loss) on Disposition of Business — — — — — $2.0b $0 $0 — $231.0m
Income Tax Expense (Benefit) $723.0m $1.0b $513.0m $300.0m $539.0m $1.9b $940.0m $290.0m $842.0m $886.0m
Other Nonoperating Income (Expense) $31.0m $110.0m $130.0m $107.0m $92.0m $19.0m $4.0m $246.0m $168.0m $154.0m
Changes in operating assets and liabilities:
Additional Financial Items
Accounts receivable, net ($461.0m) ($677.0m) $202.0m $122.0m ($285.0m) ($10.0m) ($44.0m) $54.0m $182.0m ($108.0m)
Advance payments and billings in excess of costs incurred — — — — — — — ($587.0m) $123.0m ($19.0m)
B-21 loss provisions — — — — — $0 $0 $1.6b $0 $477.0m
Gain on sale of business — — — $0 $0 ($2.0b) $0 $0 $0 ($231.0m)
General and Administrative Expense $2.6b $2.7b $3.0b $3.3b $3.4b $3.6b $3.9b $4.0b $4.0b $4.0b
Goodwill $12.4b $12.5b $18.7b $18.7b $17.5b $17.5b $17.5b $17.5b $17.5b $17.4b
Income taxes payable, net $148.0m ($157.0m) ($258.0m) ($63.0m) ($238.0m) $215.0m ($279.0m) ($658.0m) $1.1b ($559.0m)
Increase (Decrease) in Accounts Payable — — — — — — — — — $646.0m
Increase (Decrease) in Accounts Receivable $461.0m $677.0m ($202.0m) ($122.0m) $285.0m $10.0m $44.0m ($54.0m) ($182.0m) $108.0m
Increase (Decrease) in Inventories $15.0m ($36.0m) $37.0m $135.0m ($18.0m) $52.0m $205.0m $220.0m $358.0m ($97.0m)
Inventoried costs, net ($15.0m) $36.0m ($37.0m) ($135.0m) $18.0m ($52.0m) ($205.0m) ($220.0m) ($358.0m) $97.0m
Inventory Write-down — — — — — — $45.0m — — —
Mark-to-market pension and OPB (benefit) expense $950.0m ($536.0m) $655.0m $1.8b $1.0b ($2.4b) ($1.2b) $422.0m ($443.0m) ($527.0m)
Marketable Securities, Unrealized Gain (Loss) — — — — — — — — — $45.0m
Net periodic pension and OPB income — — — ($432.0m) ($802.0m) ($1.1b) ($1.2b) ($308.0m) ($438.0m) ($346.0m)
Operating Expenses — — — — — $32.0b $33.0b $36.8b $36.7b $37.7b
Other liabilities — — — — — — — ($401.0m) $875.0m $212.0m
Other operating activities ($125.0m) ($43.0m) ($29.0m) ($59.0m) ($34.0m) $12.0m $46.0m ($8.0m) $61.0m $56.0m
Pension and OPB contributions — — — ($263.0m) ($887.0m) ($141.0m) ($136.0m) ($139.0m) ($129.0m) ($130.0m)
Prepaid expenses and other assets ($110.0m) ($81.0m) ($56.0m) ($78.0m) ($147.0m) $66.0m $2.0m ($86.0m) $35.0m $8.0m
Proceeds from (Repayments of) Commercial Paper $0 $0 $198.0m ($198.0m) $0 $0 — — — —
Proceeds from (Repayments of) Lines of Credit $135.0m ($13.0m) ($320.0m) ($31.0m) ($78.0m) $0 $0 — — —
Stock-based compensation $93.0m $94.0m $86.0m $127.0m $90.0m $94.0m $99.0m $87.0m $101.0m $119.0m
Trade accounts payable — — — — — — — $469.0m ($485.0m) ($646.0m)
Unbilled receivables, net ($211.0m) ($422.0m) ($297.0m) ($335.0m) $160.0m ($414.0m) ($646.0m) $247.0m ($215.0m) ($754.0m)
Net Cash Provided by (Used in) Operating Activities $2.8b $2.6b $3.8b $4.3b $4.3b $3.6b $2.9b $3.9b $4.4b $4.8b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $920.0m $928.0m $1.2b $1.3b $1.4b $1.4b $1.4b $1.8b $1.8b $1.4b
Payments to Acquire Businesses, Net of Cash Acquired — — $7.7b $0 $0 — — — — —
Proceeds from Sale, Maturity and Collection of Investments — — — — — $0 $0 $197.0m $0 $0
Proceeds from Divestiture of Businesses — — — $0 $0 $3.4b $0 $0 $0 $333.0m
Other investing activities $115.0m $39.0m $28.0m $57.0m $4.0m ($11.0m) $39.0m ($4.0m) $18.0m ($38.0m)
Payments for (Proceeds from) Other Investing Activities ($115.0m) ($39.0m) ($28.0m) ($57.0m) ($4.0m) $11.0m ($39.0m) $4.0m ($18.0m) $38.0m
Net Cash Provided by (Used in) Investing Activities ($805.0m) ($889.0m) ($8.9b) ($1.2b) ($1.2b) $2.1b ($1.2b) ($1.6b) ($1.7b) ($1.2b)
Cash flows from financing activities:
Net proceeds from issuance of long-term debt $749.0m $8.2b $0 $0 $2.2b $0 $0 $2.0b $2.5b $998.0m
Proceeds from Issuance of Long-term Debt $749.0m $8.2b $0 $0 $2.2b $0 $0 $2.0b $2.5b $998.0m
Payments of long-term debt ($321.0m) $0 ($2.3b) ($500.0m) ($1.0b) ($2.2b) $0 ($1.1b) $0 ($1.5b)
Repayments of Long-term Debt $321.0m $0 $2.3b $500.0m $1.0b $2.2b $0 $1.1b $0 $1.5b
Common stock repurchases ($1.5b) ($393.0m) ($1.3b) ($744.0m) ($490.0m) ($3.7b) ($1.5b) ($1.5b) ($2.5b) ($1.6b)
Payments for Repurchase of Common Stock $1.5b $393.0m $1.3b $744.0m $490.0m $3.7b $1.5b $1.5b $2.5b $1.6b
Payments of Ordinary Dividends, Common Stock $640.0m $689.0m $821.0m $880.0m $953.0m $983.0m $1.1b $1.1b $1.2b $1.3b
Cash dividends paid ($640) ($689) ($821) ($880) ($953) ($983) ($1k) ($1k) ($1k) ($1k)
Other financing activities ($9.0m) ($98.0m) ($28.0m) ($6.0m) ($57.0m) ($44.0m) ($7.0m) ($38.0m) ($132.0m) ($94.0m)
Proceeds from (Payments for) Other Financing Activities ($9.0m) ($98.0m) ($28.0m) ($6.0m) ($57.0m) ($44.0m) ($7.0m) ($38.0m) ($132.0m) ($94.0m)
Net Cash Provided by (Used in) Financing Activities ($1.8b) $7.0b ($4.6b) ($2.4b) ($432.0m) ($7.0b) ($2.6b) ($1.8b) ($1.4b) ($3.6b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $222.0m — — $666.0m $2.7b ($1.4b) ($953.0m) $532.0m $1.2b $50.0m
Increase in cash and cash equivalents $222.0m $8.7b ($9.6b) $666.0m $2.7b ($1.4b) ($953.0m) $532.0m $1.2b $50.0m
Cash and cash equivalents, beginning of year $2.3b $2.5b $11.2b $1.6b $2.2b $4.9b $3.5b $2.6b $4.4b $4.4b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — — — $4.4b $4.4b
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net $691.0m $517.0m $270.0m $324.0m $312.0m $1.3b $1.5b $1.2b $880.0m —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.