Northrop grumman corp /de/ (NOC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Operating activities
Net earnings

868

-409

933

861

863

356

1,244

789

840

1,021

643

555

650

368

602

517

556

459

516

531

484

506

473

511

579

478

497

488

489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

297

281

258

177

302

266

253

159

122

152

110

109

104

134

113

106

103

138

113

117

99

140

105

108

109

150

120

115

110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash lease expense

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

18

34

38

29

26

4

29

34

19

28

24

25

17

32

24

23

14

29

23

23

24

41

42

29

22

26

47

47

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

5

1

105

6

1

6

68

6

10

10

17

-

-

-

-

-

3

12

9

10

2

5

5

-

-

-

-

Deferred income taxes

156

-533

-24

15

33

-41

226

71

-22

899

125

-30

-9

-47

76

-54

-35

407

26

-65

204

140

55

-19

40

39

56

2

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable, net

810

-785

279

-334

718

-254

-93

-42

187

-159

-141

192

317

-876

183

133

514

-433

119

19

325

-426

-46

46

531

-318

-121

73

195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables, net

584

-

-

-

759

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables, net

-

-

-

-

-

-601

328

166

404

-627

256

128

665

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventoried costs, net

2

-21

0

32

124

-65

29

36

37

-45

-34

27

27

67

-184

81

89

-50

13

41

76

67

-76

-33

66

-91

52

-187

125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-56

-3

33

25

23

-53

166

-44

-13

-3

61

-19

53

-27

151

-11

4

-16

21

-32

-16

-43

7

17

6

-2

59

-15

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other liabilities

-833

297

687

113

-480

506

297

168

-590

490

252

185

-357

310

-5

77

-364

326

-88

19

-889

425

74

167

-755

127

134

130

-560

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable, net

10

-29

-228

54

140

-144

-300

-11

197

-99

-148

-62

152

-70

-7

51

174

-268

89

-52

366

-117

98

-176

279

-90

32

-149

209

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retiree benefits

-237

-281

-137

-143

-142

-236

-453

-204

-190

-1,181

70

79

86

-693

109

104

105

55

60

62

-440

-22

-3

-6

14

50

66

-468

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-68

8

16

4

31

-38

54

15

-2

1

-4

26

20

78

24

17

6

20

24

-20

12

19

25

6

19

-19

2

-44

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received from customers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,721

4,990

4,921

9,904

5,499

5,601

5,427

5,921

5,957

6,437

5,216

5,942

6,514

6,173

6,326

Progress payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

680

1,532

1,021

-

1,144

940

1,035

1,288

1,173

1,074

902

-2,515

1,912

2,757

803

Other cash receipts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

11

27

46

23

73

7

22

15

2

1

39

12

-31

51

Total sources of cashcontinuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,430

6,533

5,969

6,831

6,666

6,614

6,469

7,231

7,145

7,513

6,119

3,466

8,438

8,899

7,180

Cash paid to suppliers and employees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,046

5,111

5,858

4,928

5,439

5,524

6,168

5,540

5,845

6,048

6,326

2,080

7,065

21,819

-7,203

Pension contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

316

50

-17

512

22

516

34

-

-

-

-

-

-

-

-

Interest paid, net of interest received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

24

78

22

86

23

96

21

110

11

127

17

99

239

-98

Income taxes paid, net of refunds received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176

492

92

19

178

567

46

138

301

521

111

99

208

540

-73

Other cash payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

14

29

53

-10

6

4

8

19

13

2

0

-29

80

-22

Total uses of cashcontinuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,618

5,657

6,074

5,510

5,718

6,648

6,357

6,091

6,329

6,961

6,571

2,529

7,941

22,914

-7,396

Cash provided by continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

812

876

-105

1,321

948

-34

112

1,140

816

552

-452

937

497

777

-216

Cash used in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-232

247

162

67

-79

-6

47

53

44

Net cash used in operating activities

-993

2,464

1,139

1,607

-913

2,377

812

875

-237

1,607

938

507

-439

1,531

738

604

-60

1,633

557

626

-654

1,490

933

572

-402

1,204

950

328

1

-

-

-

-

1,321

948

-34

-120

1,387

978

619

-531

931

544

830

-172

Investing activities
Maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

250

200

0

0

0

-

-

-

-

-

-

-

-

Contribution received from the spin-off of shipbuilding business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,429

-

-

-

-

-

-

-

-

Capital expenditures

272

471

257

252

284

463

282

199

305

278

217

217

216

312

137

173

298

137

102

115

117

276

109

116

60

186

90

48

40

135

64

51

81

166

109

94

123

284

123

75

103

37

139

135

162

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-5

-

-

-

-

Payments for outsourcing contract costs and related software costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

21

19

18

Other, net

-2

-49

-7

3

-4

-5

-21

-4

2

-18

-14

-5

-2

-112

-1

-2

0

-4

-38

4

-2

12

0

0

72

-9

-3

-4

-2

10

37

-44

0

-7

-8

-3

-38

-8

-7

-3

2

115

17

-1

-4

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-101

-7

169

-409

-101

-91

1,344

-283

-129

-56

-103

-

-

-

-

Cash used in investing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-63

-96

-34

-27

-32

-

-

-

-

Net cash used in investing activities

-270

-422

-250

-255

-280

-458

-261

-7,852

-307

-260

-203

-212

-214

-200

-136

-171

-298

-133

-64

-119

-115

-288

-109

-116

-132

-177

-87

-44

-38

-

-

-

-

-409

-101

-91

1,281

-379

-163

-83

-135

1,405

-177

-186

-176

Financing activities
Payments of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

214

0

0

107

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

18

0

0

750

920

1

1

89

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

12

9

10

2

5

5

-

-

-

-

Net proceeds from issuance of long-term debt

2,239

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

600

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

1

4

-1

Payments to credit facilities

7

-

11

0

20

-

0

300

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings on commercial paper

744

-399

100

-713

814

-301

250

249

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock repurchases

344

300

213

171

60

1,054

168

41

0

0

26

138

229

398

467

400

282

318

948

1,091

825

610

757

731

570

710

740

465

456

470

291

292

263

697

585

1,000

13

117

205

348

507

450

227

273

150

Cash dividends paid

227

222

223

224

211

205

209

209

198

174

174

175

166

158

160

163

159

145

149

153

156

140

143

148

132

134

139

142

130

134

136

138

127

129

137

140

137

137

138

141

129

134

136

138

131

Payments of employee taxes withheld from share-based awards

63

2

0

2

61

1

4

1

79

1

0

1

90

1

2

13

137

3

11

1

171

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercises of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

27

40

4

11

43

43

30

9

33

70

22

12

9

8

Other, net

-46

-1

-3

-2

0

-1

-5

-1

-21

-57

-40

-1

0

-6

-9

5

1

-7

0

-1

104

136

2

14

-29

23

56

80

-56

182

7

0

-34

8

-3

1

5

-

-

-

-

-

-

-

-

Net cash provided by financing activities

2,296

-924

-850

-1,112

462

-1,568

-862

-1,853

-312

8,000

-240

-315

-485

107

-638

-571

-684

-473

-1,108

-1,246

-448

-741

-898

-865

-731

-821

-823

1,437

-642

-575

-334

-403

-384

-856

-711

-1,084

-843

166

-331

-453

-648

-986

501

-470

-274

Increase (decrease) in cash and cash equivalents

1,033

1,118

39

240

-731

351

-311

-8,830

-856

9,347

495

-20

-1,138

1,438

-36

-138

-1,042

1,027

-615

-739

-1,217

461

-74

-409

-1,265

206

40

1,721

-679

337

377

466

-320

56

136

-1,209

318

1,174

484

83

-1,314

1,350

868

174

-622