HUNTINGTON INGALLS INDUSTRIES, INC. HII Cash Flow

Huntington ingalls industries, inc. (HII)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating Activities
Net earnings (loss)
603,000	549,000	612,000	687,000	798,000	836,000	688,000	608,000	516,000	479,000	612,000	570,000	556,000	573,000	426,000	430,000	453,000	404,000	406,000	391,000	335,000	338,000	377,000	350,000	307,000	261,000	220,000	164,000	157,000	146,000	159,000	-102,000	-112,000	-100,000	0	0	0
Adjustments to reconcile to net cash provided by (used in) operating activities
Depreciation
186,000	180,000	164,000	165,000	167,000	167,000	171,000	168,000	165,000	165,000	163,000	162,000	163,000	163,000	161,000	160,000	156,000	154,000	146,000	146,000	151,000	166,000	207,000	221,000	217,000	206,000	178,000	165,000	166,000	165,000	163,000	165,000	166,000	164,000	0	0	0
Amortization of purchased intangibles
47,000	47,000	43,000	41,000	38,000	36,000	38,000	38,000	38,000	40,000	37,000	32,000	29,000	23,000	23,000	24,000	24,000	26,000	27,000	29,000	29,000	28,000	24,000	21,000	20,000	20,000	20,000	20,000	20,000	19,000	20,000	20,000	20,000	20,000	0	0	0
Amortization of debt issuance costs
3,000	3,000	3,000	3,000	4,000	4,000	5,000	5,000	5,000	6,000	5,000	5,000	5,000	5,000	6,000	6,000	7,000	8,000	9,000	11,000	11,000	11,000	11,000	10,000	10,000	9,000	9,000	9,000	9,000	9,000	8,000	8,000	8,000	6,000	0	0	0
Provision for doubtful accounts
-	-6,000	0	0	0	-	-	-	-	10,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
32,000	30,000	28,000	33,000	34,000	36,000	34,000	29,000	35,000	34,000	41,000	45,000	37,000	36,000	36,000	33,000	44,000	43,000	41,000	44,000	33,000	34,000	38,000	36,000	40,000	44,000	44,000	44,000	42,000	41,000	45,000	45,000	46,000	42,000	0	0	0
Deferred income taxes
95,000	97,000	-33,000	-9,000	-1,000	10,000	211,000	201,000	191,000	184,000	-52,000	-74,000	-82,000	-85,000	-39,000	-36,000	-1,000	15,000	28,000	30,000	31,000	22,000	-2,000	60,000	34,000	28,000	-16,000	-78,000	-76,000	-79,000	0	0	0	-	-	0	0
Excess tax benefit related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,000	36,000	23,000	24,000	0	0	0	-	-	-	-	-	-	-	-
Loss (gain) on investments in marketable securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in
Accounts Receivable
32,000	51,000	-5,000	178,000	9,000	-195,000	38,000	-78,000	-87,000	126,000	165,000	200,000	125,000	16,000	-232,000	-222,000	-136,000	41,000	139,000	33,000	-113,000	-140,000	34,000	60,000	86,000	218,000	172,000	223,000	245,000	194,000	102,000	-21,000	58,000	-17,000	0	0	0
Contract assets
-121,000	-32,000	159,000	160,000	166,000	242,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventoried costs
15,000	11,000	-23,000	-30,000	-43,000	-40,000	-3,000	-22,000	-33,000	-18,000	-76,000	-75,000	-53,000	-75,000	-40,000	-39,000	-53,000	-54,000	-43,000	-55,000	-58,000	-53,000	-194,000	-94,000	-66,000	-51,000	275,000	166,000	138,000	116,000	-317,000	-226,000	-202,000	-87,000	0	0	0
Prepaid expenses and other assets
91,000	93,000	107,000	66,000	81,000	40,000	59,000	68,000	25,000	52,000	-46,000	5,000	-3,000	17,000	43,000	35,000	29,000	31,000	36,000	-12,000	0	-7,000	0	0	0	-	-	-	-	-6,000	2,000	1,000	-10,000	30,000	0	0	0
Accounts payable and accruals
-97,000	4,000	252,000	300,000	382,000	335,000	299,000	246,000	180,000	102,000	34,000	87,000	93,000	-41,000	-53,000	-58,000	-54,000	97,000	208,000	70,000	150,000	-86,000	-129,000	84,000	66,000	69,000	132,000	-2,000	-83,000	-14,000	-10,000	-31,000	56,000	50,000	0	0	0
Retiree benefits
42,000	80,000	70,000	-352,000	-409,000	-454,000	-433,000	-192,000	-169,000	-163,000	-167,000	35,000	-37,000	-44,000	-42,000	-41,000	-19,000	32,000	43,000	36,000	39,000	-4,000	0	25,000	-127,000	-86,000	-84,000	-135,000	60,000	-43,000	-50,000	-19,000	26,000	132,000	0	0	0
Other non-cash transactions, net
-7,000	-6,000	4,000	4,000	4,000	5,000	0	0	0	-	-	-	-	-	-	-5,000	-8,000	-5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net cash provided by (used in) operating activities
953,000	896,000	978,000	522,000	805,000	914,000	700,000	889,000	836,000	814,000	725,000	883,000	866,000	822,000	910,000	908,000	905,000	861,000	869,000	873,000	979,000	755,000	606,000	631,000	384,000	236,000	317,000	173,000	299,000	332,000	433,000	528,000	563,000	528,000	0	0	0
Investing Activities
Capital expenditures
Capital expenditure additions
491,000	530,000	519,000	520,000	498,000	463,000	447,000	422,000	399,000	382,000	368,000	337,000	306,000	285,000	247,000	224,000	205,000	188,000	160,000	163,000	161,000	165,000	145,000	135,000	133,000	139,000	155,000	160,000	165,000	162,000	170,000	171,000	161,000	197,000	0	0	0
Grant proceeds for capital expenditures
63,000	94,000	99,000	111,000	95,000	61,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of businesses, net of cash received
378,000	195,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	6,000	6,000	5,000	232,000	272,000	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from disposition of assets
-	-	-	-	-	13,000	0	0	0	-	-	-	-	-	-	-	-	32,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-802,000	-627,000	-679,000	-672,000	-675,000	-476,000	-400,000	-381,000	-361,000	-349,000	-728,000	-705,000	-674,000	-653,000	-243,000	-220,000	-184,000	-141,000	-113,000	-115,000	-361,000	-437,000	-417,000	-350,000	-121,000	-81,000	-97,000	-160,000	-165,000	-162,000	-170,000	-171,000	-161,000	-197,000	0	0	0
Financing Activities
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,775,000	0	0	0
Repayment of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,000	29,000	27,000	34,000	29,000	30,000	30,000	30,000	22,000	0	0	0
Proceeds from revolving credit facility borrowings
4,325,000	5,119,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of revolving credit facility borrowings
4,157,000	5,119,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings on commercial paper
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54,000	0	0	0
Dividends paid
155,000	149,000	144,000	140,000	136,000	132,000	128,000	124,000	119,000	115,000	110,000	105,000	102,000	98,000	93,000	90,000	86,000	81,000	77,000	68,000	58,000	49,000	40,000	35,000	30,000	25,000	20,000	15,000	10,000	5,000	0	0	0	-	-	-	-
Repurchases of common stock
262,000	262,000	432,000	470,000	660,000	742,000	551,000	487,000	384,000	286,000	289,000	315,000	218,000	194,000	192,000	228,000	247,000	232,000	218,000	124,000	157,000	138,000	178,000	198,000	129,000	119,000	0	0	0	-	-	-	-	-	-	-	-
Employee taxes on certain share-based payment arrangements
13,000	23,000	23,000	23,000	23,000	25,000	25,000	25,000	25,000	56,000	56,000	57,000	57,000	51,000	51,000	50,000	50,000	54,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	3,000	6,000	6,000	7,000	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefit related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,000	36,000	23,000	24,000	0	0	0	-	-	-	-	-	-	-	-
Repayment of notes payable to former parent and accrued interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	954,000	0	0	0
Dividend to former parent in connection with spin-off
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,429,000	0	0	0
Net transfers from (to) former parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,266,000	0	0	0
Net cash provided by (used in) financing activities
-174,000	-434,000	-335,000	-219,000	-607,000	-899,000	-731,000	-663,000	-555,000	-484,000	-455,000	-477,000	-377,000	-343,000	-381,000	-796,000	-832,000	-816,000	-854,000	-390,000	-456,000	-371,000	-315,000	-312,000	-173,000	-169,000	-91,000	-59,000	-33,000	-28,000	-33,000	-69,000	-76,000	584,000	0	0	0
Change in cash and cash equivalents
-23,000	-165,000	-36,000	-369,000	-477,000	-461,000	-431,000	-155,000	-80,000	-19,000	-458,000	-299,000	-185,000	-174,000	286,000	-108,000	-111,000	-96,000	-98,000	368,000	162,000	-53,000	-126,000	-31,000	90,000	-14,000	129,000	-46,000	101,000	142,000	230,000	288,000	326,000	915,000	0	0	0
Supplemental Cash Flow Disclosure
Cash paid for income taxes
0	-	-	-	-	142,000	127,000	144,000	220,000	223,000	204,000	206,000	194,000	229,000	230,000	234,000	255,000	242,000	239,000	198,000	157,000	161,000	232,000	207,000	171,000	154,000	54,000	61,000	37,000	28,000	40,000	43,000	50,000	46,000	0	0	0
Cash paid for interest
0	-	-	-	-	62,000	67,000	67,000	72,000	72,000	72,000	71,000	71,000	71,000	64,000	87,000	74,000	96,000	85,000	106,000	91,000	113,000	104,000	106,000	108,000	109,000	110,000	111,000	110,000	111,000	111,000	111,000	111,000	64,000	0	0	0
Non-Cash Investing and Financing Activities
Capital expenditures accrued in accounts payable
-2,000	22,000	60,000	57,000	85,000	55,000	37,000	37,000	32,000	33,000	16,000	25,000	25,000	24,000	25,000	16,000	18,000	17,000	8,000	9,000	10,000	9,000	14,000	12,000	12,000	12,000	20,000	21,000	19,000	20,000	0	0	0	-	-	-	-
Accrued repurchases of common stock
-	-	-	-	-	48,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-