Northrop grumman corp /de/ (NOC)
CashFlow / TTM
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

2,253

2,248

3,013

3,324

3,252

3,229

3,894

3,293

3,059

2,869

2,216

2,175

2,137

2,043

2,134

2,048

2,062

1,990

2,037

1,994

1,974

2,069

2,041

2,065

2,042

1,952

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,013

1,018

1,003

998

980

800

686

543

493

475

457

460

457

456

460

460

471

467

469

461

452

462

472

487

494

495

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash lease expense

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

119

127

97

88

93

86

110

105

96

94

98

98

96

93

90

89

89

99

111

130

136

134

119

124

142

144

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

103

117

113

118

81

81

90

94

43

0

0

0

-

-

-

-

-

34

33

26

22

0

0

0

-

-

-

-

Deferred income taxes

-386

-509

-17

233

289

234

1,174

1,073

972

985

39

-10

-34

-60

394

344

333

572

305

334

380

216

115

116

137

128

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable, net

-30

-122

409

37

329

-202

-107

-155

79

209

-508

-184

-243

-46

397

333

219

30

37

-128

-101

105

213

138

165

-171

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables, net

-

-

-

-

-

297

271

199

161

422

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventoried costs, net

13

135

91

120

124

37

57

-6

-15

-25

87

-63

-9

53

-64

133

93

80

197

108

34

24

-134

-6

-160

-101

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-1

78

28

161

92

56

106

1

26

92

68

158

166

117

128

-2

-23

-43

-70

-84

-35

-13

28

80

48

51

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other liabilities

264

617

826

436

491

381

365

320

337

570

390

133

25

18

34

-49

-107

-632

-533

-371

-223

-89

-387

-327

-364

-169

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable, net

-193

-63

-178

-250

-315

-258

-213

-61

-112

-157

-128

13

126

148

-50

46

-57

135

286

295

171

84

111

45

72

2

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retiree benefits

-798

-703

-658

-974

-1,035

-1,083

-2,028

-1,505

-1,222

-946

-458

-419

-394

-375

373

324

282

-263

-340

-403

-471

-17

55

124

-338

-281

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-40

59

13

51

62

29

68

10

21

43

120

148

139

125

67

67

30

36

35

36

62

69

31

8

-42

-34

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received from customers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,536

25,314

25,925

26,431

22,448

22,906

23,742

23,531

23,552

24,109

23,845

24,955

0

0

0

Progress payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

4,407

4,436

4,570

4,437

634

1,373

3,056

2,957

0

0

0

Other cash receipts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

113

107

169

149

125

117

46

40

57

54

21

71

0

0

0

Total sources of cashcontinuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,763

25,999

26,080

26,580

26,980

27,459

28,358

28,008

24,243

25,536

26,922

27,983

0

0

0

Cash paid to suppliers and employees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,943

21,336

21,749

22,059

22,671

23,077

23,601

23,759

20,299

21,519

37,290

23,761

0

0

0

Pension contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

861

567

1,033

1,084

0

0

0

-

-

-

-

-

-

-

-

Interest paid, net of interest received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

199

210

209

227

226

250

238

269

265

254

482

257

0

0

0

Income taxes paid, net of refunds received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

779

781

856

810

929

1,052

1,006

1,071

1,032

939

958

774

0

0

0

Other cash payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101

86

78

53

8

37

44

42

34

-14

53

29

0

0

0

Total uses of cashcontinuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,859

22,959

23,950

24,233

24,814

25,425

25,738

25,952

22,390

24,002

39,955

25,988

0

0

0

Cash provided by continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,904

3,040

2,130

2,347

2,166

2,034

2,620

2,056

1,853

1,534

1,759

1,995

0

0

0

Cash used in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-232

15

177

244

397

144

29

15

138

0

0

0

Net cash used in operating activities

4,217

4,297

4,210

3,883

3,151

3,827

3,057

3,183

2,815

2,613

2,537

2,337

2,434

2,813

2,915

2,734

2,756

2,162

2,019

2,395

2,341

2,593

2,307

2,324

2,080

2,483

0

0

0

-

-

-

-

2,115

2,181

2,211

2,864

2,453

1,997

1,563

1,774

2,133

0

0

0

Investing activities
Maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

450

450

450

200

0

0

0

-

-

-

-

-

-

-

-

Contribution received from the spin-off of shipbuilding business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Capital expenditures

1,252

1,264

1,256

1,281

1,228

1,249

1,064

999

1,017

928

962

882

838

920

745

710

652

471

610

617

618

561

471

452

384

364

313

287

290

331

362

407

450

492

610

624

605

585

338

354

414

473

0

0

0

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Payments for outsourcing contract costs and related software costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Other, net

-55

-57

-13

-27

-34

-28

-41

-34

-35

-39

-133

-120

-117

-115

-7

-44

-38

-40

-24

14

10

84

63

60

56

-18

1

41

1

3

-14

-59

-18

-56

-57

-56

-56

-16

107

131

133

127

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-348

-348

-432

743

869

841

876

-571

0

0

0

-

-

-

-

Cash used in investing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-63

-159

-193

-220

-189

0

0

0

-

-

-

-

Net cash used in investing activities

-1,197

-1,207

-1,243

-1,254

-8,851

-8,878

-8,680

-8,622

-982

-889

-829

-762

-721

-805

-738

-666

-614

-431

-586

-631

-628

-645

-534

-512

-440

-346

0

0

0

-

-

-

-

680

710

648

656

-760

1,024

1,010

907

866

0

0

0

Financing activities
Payments of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

321

107

107

107

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

768

1,670

1,671

1,672

1,011

0

0

0

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

33

26

22

0

0

0

-

-

-

-

Net proceeds from issuance of long-term debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

600

600

600

600

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Payments to credit facilities

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings on commercial paper

-268

-198

-100

50

1,012

198

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock repurchases

1,028

744

1,498

1,453

1,323

1,263

209

67

164

393

791

1,232

1,494

1,547

1,467

1,948

2,639

3,182

3,474

3,283

2,923

2,668

2,768

2,751

2,485

2,371

2,131

1,682

1,509

1,316

1,543

1,837

2,545

2,295

1,715

1,335

683

1,177

1,510

1,532

1,457

1,100

0

0

0

Cash dividends paid

896

880

863

849

834

821

790

755

721

689

673

659

647

640

627

616

606

603

598

592

587

563

557

553

547

545

545

542

538

535

530

531

533

543

551

552

553

545

542

540

537

539

0

0

0

Payments of employee taxes withheld from share-based awards

67

65

64

68

67

85

85

81

81

92

92

94

106

153

155

164

152

186

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercises of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

157

82

98

101

127

125

115

142

134

137

113

51

0

0

0

Other, net

-52

-6

-6

-8

-7

-28

-84

-119

-119

-98

-47

-16

-10

-9

-10

-1

-7

96

239

241

256

123

10

64

130

103

262

213

133

155

-19

-29

-28

11

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-590

-2,424

-3,068

-3,080

-3,821

-4,595

4,973

5,595

7,133

6,960

-933

-1,331

-1,587

-1,786

-2,366

-2,836

-3,511

-3,275

-3,543

-3,333

-2,952

-3,235

-3,315

-3,240

-938

-849

-603

-114

-1,954

-1,696

-1,977

-2,354

-3,035

-3,494

-2,472

-2,092

-1,461

-1,266

-2,418

-1,586

-1,603

-1,229

0

0

0

Increase (decrease) in cash and cash equivalents

2,430

666

-101

-451

-9,521

-9,646

-650

156

8,966

8,684

775

244

126

222

-189

-768

-1,369

-1,544

-2,110

-1,569

-1,239

-1,287

-1,542

-1,428

702

1,288

1,419

1,756

501

860

579

338

-1,337

-699

419

767

2,059

427

603

987

1,078

1,770

0

0

0