HUNTINGTON INGALLS INDUSTRIES, INC. HII Income Statement

Huntington ingalls industries, inc. (HII)

Income statement / Quarterly

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	Sep'10	Jun'10
Sales and service revenues
Sales and service revenues
2,263	2,412	2,219	2,188	2,080	2,199	2,083	2,020	1,874	1,996	1,863	1,858	1,724	1,922	1,683	1,700	1,763	1,905	1,800	1,745	1,570	1,927	1,717	1,719	1,594	1,938	1,637	1,683	1,562	1,823	1,596	1,721	1,568	1,735	1,593	1,563	1,684	1,665	1,610
Cost of sales and service revenues
Income (loss) from operating investments, net
6	7	6	5	4	5	8	2	2	2	7	1	2	-	6	1	-	1	6	2	1	1	7	1	2	1	9	2	2	4	7	4	3	-	9	4	-	-	-
Other income and gains
-	-	-	-	-	0	0	12	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
214	224	209	184	171	262	208	209	192	218	181	182	178	333	147	151	137	196	150	173	150	217	189	170	150	198	186	185	170	249	164	176	150	163	153	169	149	158	161
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	-	-	-	-
Operating income (loss)
215	186	214	175	161	213	290	257	191	231	241	241	168	286	175	217	198	144	200	269	156	144	171	181	159	174	127	116	95	106	66	106	80	114	-190	91	85	77	-20
Other income (expense)
Other income (expense)
Interest expense
16	18	18	18	16	14	14	15	15	41	18	17	18	18	19	18	19	64	25	25	23	66	27	29	27	31	28	29	30	29	29	29	30	29	30	30	15	10	10
Non-operating retirement benefit (expense)
-30	-4	-3	-2	-3	-18	-19	-19	-18	4	4	4	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-13	0	-1	5	1	2	0	1	1	1	1	-2	1	-	1	0	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings (loss) before income taxes
216	172	198	164	149	219	295	262	195	187	220	218	147	251	157	199	177	80	175	244	133	79	144	152	132	143	99	87	65	77	37	77	50	85	-220	61	70	67	-30
Federal and foreign income taxes
44	23	44	36	31	7	66	23	39	123	71	71	28	54	50	66	41	30	64	88	46	27	48	52	42	52	30	30	21	27	24	27	17	22	28	21	25	25	-19
Net earnings (loss)
172	149	154	128	118	212	229	239	156	64	149	147	119	197	107	133	136	50	111	156	87	52	96	100	90	91	69	57	44	50	13	50	33	63	-248	40	45	42	-11
Basic earnings (loss) per share (in dollars per share)
4.23	3.60	3.74	3.07	2.85	4.91	5.29	5.41	3.48	1.41	3.28	3.22	2.57	4.24	2.28	2.83	2.89	1.10	2.31	3.22	1.80	1.08	1.97	2.05	1.83	1.85	1.38	1.14	0.88	1.02	0.26	1.01	0.67	1.29	-5.07	0.81	0.92	0.86	-0.23
Weighted-average common shares outstanding (in shares)
40	41	41	41	41	42	43	44	44	45	45	45	46	46	46	47	47	46	48	48	48	48	48	48	49	48	49	50	49	49	49	49	49	48	48	48	48	48	48
Diluted earnings (loss) per share
4.23	3.60	3.74	3.07	2.85	4.92	5.29	5.40	3.48	1.42	3.27	3.21	2.56	4.20	2.27	2.80	2.87	1.08	2.29	3.20	1.79	1.05	1.96	2.04	1.81	1.83	1.36	1.12	0.87	0.98	0.26	1.00	0.67	1.30	-5.07	0.80	0.92	0.86	-0.23
Weighted-average diluted shares outstanding (in shares)
40	41	41	41	41	42	43	44	44	45	45	45	46	46	47	47	47	47	48	48	48	49	49	49	49	50	50	50	50	50	50	50	49	47	48	49	48	48	48
Dividends declared per share
1.03	-	0.86	0.86	0.86	-	0.72	0.72	0.72	-	0.60	0.60	0.60	-	0.50	0.50	0.50	-	0.40	0.40	0.40	-	0.20	0.20	0.20	-	0.10	0.10	0.10	-	0.00	0.00	-	-	-	-	-	-	-
Other comprehensive income (loss)
Change in unamortized benefit plan costs
23	-241	25	24	25	-293	20	21	20	66	-52	23	22	-231	20	19	20	-31	21	22	22	-582	8	8	8	913	31	210	5	-673	23	21	24	-533	12	11	-28	-13	-12
Other
-2	-	1	-	-	-	-	-2	-	4	3	3	4	-	1	-	-	2	-7	2	-2	-	-2	1	1	1	2	-1	2	-	-	-	-	-	-	-	-	-	-
Tax benefit (expense) for items of other comprehensive income
6	-62	7	6	6	-75	5	6	5	21	-19	10	10	-90	8	7	8	-10	4	11	7	-226	3	3	3	357	15	81	5	-264	6	8	9	-227	4	4	11	6	-1
Other comprehensive income (loss), net of tax
15	-177	19	18	19	-218	15	13	15	49	-30	16	16	-143	13	12	12	-19	10	13	13	-356	3	6	6	557	18	128	2	-409	17	13	15	-362	8	7	17	7	13
Net earnings (loss) from above
172	149	154	128	118	212	229	239	156	64	149	147	119	-	107	133	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-248	40	45	42	-11
Comprehensive income (loss)
187	-28	173	146	137	-6	244	252	171	113	119	163	135	54	120	145	148	31	121	169	100	-304	99	106	96	648	87	185	46	-359	30	63	48	-299	-240	47	62	49	2
Product [Member]
Sales and service revenues
1,624	1,710	1,545	1,520	1,490	1,607	1,547	1,499	1,370	1,485	1,391	1,397	1,300	1,511	1,327	1,364	1,429	1,528	1,461	1,426	1,250	1,562	1,385	1,433	1,332	1,663	1,394	1,423	1,321	1,531	1,367	1,504	1,353	1,475	1,384	1,351	1,466	1,441	1,432
Cost of sales and service revenues
1,290	1,404	1,246	1,250	1,258	1,258	1,159	1,147	1,063	1,125	1,064	1,061	1,027	996	1,059	1,043	1,139	1,198	1,164	972	985	1,212	1,086	1,131	1,060	1,329	1,123	1,157	1,086	1,236	1,187	1,252	1,152	1,251	1,166	1,124	1,253	1,270	1,321
Service [Member]
Sales and service revenues
639	702	674	668	590	592	536	521	504	511	472	461	424	411	356	336	334	377	339	319	320	365	332	286	262	275	243	260	241	292	229	217	215	260	209	212	218	224	178
Cost of sales and service revenues
550	576	556	584	494	471	434	421	432	424	384	375	353	321	308	290	289	352	292	274	280	308	278	238	227	238	210	227	213	236	186	191	189	224	173	183	197	160	148