Northrop grumman corp /de/ (NOC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Operating activities
Net earnings

2,248

3,229

2,869

2,043

1,990

2,069

1,952

1,978

-

-

-

-

-

Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization

1,018

800

475

456

467

462

495

510

-

-

-

-

-

Mark-to-market pension and OPB expense (benefit)

1,800

655

-536

950

-

-

-

-

-

-

-

-

-

Non-cash lease expense

247

0

0

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

127

86

94

93

99

134

144

183

-

-

-

-

-

Income taxes paid on sale of business

-

-

-

-

-

-

-

-

-

-

508

7

0

Excess tax benefits from stock-based compensation

-

-

-

-

103

81

43

45

-

22

2

48

-52

Deferred income taxes

-509

234

985

-60

572

216

128

78

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable, net

-122

-202

209

-46

30

105

-171

-90

-

-

-

-

-

Unbilled receivables, net

335

297

422

211

-

-

-

-

-

-

-

-

-

Inventoried costs, net

135

37

-25

53

80

24

-101

-46

-

-

-

-

-

Prepaid expenses and other assets

78

56

92

117

-43

-13

51

65

-

-

-

-

-

Accounts payable and other liabilities

617

381

570

18

-632

-89

-169

23

-

-

-

-

-

Income taxes payable, net

-63

-258

-157

148

135

84

2

-75

-

-

-

-

-

Retiree benefits

-703

-1,083

-946

-375

-263

-17

-281

-71

-

-

-

-

-

Other, net

59

29

43

125

36

69

-34

12

-

-

-

-

-

Cash received from customers

-

-

-

-

-

-

-

-

26,431

23,531

24,955

25,043

24,570

Progress payments

-

-

-

-

-

-

-

-

-

4,437

2,957

1,701

5,860

Insurance proceeds received

-

-

-

-

-

-

-

-

-

-

-

-

125

Other cash receipts

-

-

-

-

-

-

-

-

149

40

71

78

34

Total sources of cashcontinuing operations

-

-

-

-

-

-

-

-

26,580

28,008

27,983

26,822

30,589

Cash paid to suppliers and employees

-

-

-

-

-

-

-

-

22,059

23,759

23,761

22,875

-26,144

Pension contributions

-

-

-

-

-

-

-

-

1,084

789

657

206

-342

Interest paid, net of interest received

-

-

-

-

-

-

-

-

227

269

257

263

-334

Income taxes paid, net of refunds received

-

-

-

-

-

-

-

-

810

1,071

774

712

-853

Other cash payments

-

-

-

-

-

-

-

-

53

42

29

6

-52

Total uses of cashcontinuing operations

-

-

-

-

-

-

-

-

24,233

25,952

25,988

24,117

-27,777

Cash provided by continuing operations

-

-

-

-

-

-

-

-

2,347

2,056

1,995

2,705

2,812

Cash used in discontinued operations

-

-

-

-

-

-

-

-

-232

397

138

506

78

Net cash used in operating activities

4,297

3,827

2,613

2,813

2,162

2,593

2,483

2,640

2,115

2,453

2,133

3,211

2,890

Investing activities
Maturities of short-term investments

-

-

-

-

-

-

-

250

200

0

-

-

-

Contribution received from the spin-off of shipbuilding business

-

-

-

-

-

-

-

-

1,429

0

-

-

-

Purchases of short-term investments

-

-

-

-

-

-

-

-

450

2

-

-

-

Acquisition of Orbital ATK, net of cash acquired

0

7,657

0

0

-

-

-

-

-

-

-

92

690

Capital expenditures

1,264

1,249

928

920

471

561

364

331

492

585

473

463

681

Proceeds from sale of business, net of cash divested

-

-

-

-

-

-

-

-

-

-

1,650

175

0

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-59

Payments for outsourcing contract costs and related software costs

-

-

-

-

-

-

-

-

-

-

-

110

137

Other, net

-57

-28

-39

-115

-40

84

-18

3

-56

-16

127

-21

-19

Cash (used in) provided by investing activities from continuing operations

-

-

-

-

-

-

-

-

743

-571

1,050

-469

-

Cash used in investing activities from discontinued operations

-

-

-

-

-

-

-

-

-63

-189

-184

-157

-

Net cash used in investing activities

-1,207

-8,878

-889

-805

-431

-645

-346

-84

680

-760

866

-626

-1,430

Financing activities
Payments of long-term debt

500

2,276

0

321

0

0

877

0

768

1,011

474

113

90

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

22

2

48

52

Net proceeds from issuance of long-term debt

0

0

8,245

749

600

0

2,841

0

0

1,484

843

-

0

Payments to credit facilities

-31

-320

-13

135

0

0

-

-

-

-

-

-2

-69

Net borrowings on commercial paper

-198

198

0

0

-

-

-

-

-

-

-

-

-

Common stock repurchases

744

1,263

393

1,547

3,182

2,668

2,371

1,316

2,295

1,177

1,100

1,555

1,175

Cash dividends paid

880

821

689

640

603

563

545

535

543

545

539

525

504

Payments of employee taxes withheld from share-based awards

65

85

92

153

186

127

-

-

-

-

-

-

-

Proceeds from exercises of stock options

-

-

-

-

-

-

-

-

101

142

51

103

274

Other, net

-6

-28

-98

-9

96

123

103

155

11

-2

-12

-

-

Cash used in financing activities from continuing operations

-

-

-

-

-

-

-

-

-

-1,087

-1,229

-2,044

-

Cash used in financing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-179

-

-

-

Net cash provided by financing activities

-2,424

-4,595

6,960

-1,786

-3,275

-3,235

-849

-1,696

-3,494

-1,266

-1,229

-2,044

-1,512

Increase (decrease) in cash and cash equivalents

666

-9,646

8,684

222

-1,544

-1,287

1,288

860

-699

427

1,770

541

-52