Northrop grumman corp /de/ (NOC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Sales

33,841

30,095

26,004

24,706

23,526

23,979

24,661

25,218

26,412

28,143

27,650

26,251

30,341

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

570

0

Operating costs and expenses
General and administrative expenses

3,290

3,011

2,712

2,632

2,566

2,405

2,256

2,450

2,350

2,467

2,571

2,577

3,062

Operating income

3,969

3,780

3,218

3,277

3,076

3,196

3,123

3,130

3,276

2,827

2,274

2,076

2,925

Other (expense) income
Interest expense

528

562

360

301

301

282

257

212

221

269

269

271

336

FAS (non-service) pension benefit

800

1,049

699

611

-

-

-

-

-

-

-

-

-

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

-1,800

-655

536

-950

-

-

-

-

-

-

-

-

-

Charge on debt redemption

-

-

-

-

-

-

-

-

-

-229

-

-

-

Other, net

107

130

136

44

15

23

-3

47

28

37

65

36

17

Earnings before income taxes

2,548

3,742

4,229

2,681

2,790

2,937

2,863

2,965

3,083

2,366

2,070

1,841

2,606

Federal and foreign income tax expense

300

513

1,360

638

800

868

911

987

997

462

636

823

855

Earnings from continuing operations

-

-

-

-

-

-

-

-

2,086

1,904

1,434

1,018

1,751

Earnings from discontinued operations, net of tax

-

-

-

-

-

-

-

-

32

149

252

-2,280

39

Net Income (Loss) Attributable to Parent

2,248

3,229

2,869

2,043

1,990

2,069

1,952

1,978

2,118

2,053

1,686

-1,262

1,790

Basic earnings per share
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

7.54

6.41

4.49

3.04

5.12

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

0.11

0.50

0.79

-6.81

0.12

Basic earnings per share

13.28

18.59

16.45

11.42

10.51

9.91

8.50

7.96

7.65

6.91

5.28

-3.77

5.24

Weighted-average common shares outstanding, in millions

169

173

174

178

189

208

229

248

276

296

319

334

341

Diluted earnings per share
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

7.41

6.32

4.44

2.98

5.01

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

0.11

0.50

0.77

-6.67

0.11

Diluted earnings per share

13.22

18.49

16.34

11.32

10.39

9.75

8.35

7.81

7.52

6.82

5.21

-3.69

5.12

Weighted-average diluted shares outstanding, in millions

170

174

175

180

191

212

233

253

281

301

323

341

354

Net Income (Loss) Attributable to Parent

2,248

3,229

2,869

2,043

1,990

2,069

1,952

1,978

2,118

2,053

1,686

-1,262

1,790

Change in unamortized prior service credit, net of tax expense of $15 in 2019, $19 in 2018 and $35 in 2017

47

60

44

62

-75

2,316

-1,790

1,303

1,249

-297

561

-2,884

594

Change in cumulative translation adjustment and other, net

2

-14

-2

-

-

-

-

-

-

-

-

-

-

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax

-

-

-

-50

-41

-59

14

8

-4

-41

31

-24

12

Other, net

-

-

-

-1

2

3

-1

-2

-

-

-

-

-

Change in unrealized loss on marketable securities and cash flow hedges, net of tax

-

-

-

-

-

-

-

-

-4

1

36

-35

1

Other comprehensive loss, net of tax

-45

-74

-46

-113

36

-2,372

1,803

-1,297

-1,257

257

628

-2,943

607

Comprehensive income

2,203

3,155

2,823

1,930

2,026

-303

3,755

681

861

2,310

2,314

-4,205

2,397

Product [Member]
Sales

23,852

20,469

16,364

15,080

13,966

14,015

14,033

13,838

15,073

16,091

16,004

14,549

18,577

Cost of Sales

18,675

15,785

12,527

11,197

10,333

10,431

10,623

10,415

11,491

12,558

12,648

10,965

14,340

Service [Member]
Sales

9,989

9,626

9,640

9,626

9,560

9,964

10,628

11,380

11,339

12,052

11,646

11,702

11,764

Cost of Sales

7,907

7,519

7,547

7,600

7,551

7,947

8,659

9,223

9,295

10,291

10,157

10,063

10,014