Northrop grumman corp /de/ (NOC)
Income statement / 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'09Sep'08
Sales

8,620

8,721

8,475

8,456

8,189

8,156

8,085

7,119

6,735

6,552

6,569

6,473

6,410

6,595

6,155

6,000

5,956

5,694

5,979

5,896

5,957

6,108

5,984

6,039

5,848

6,157

6,106

6,294

6,104

6,476

6,270

6,274

6,198

6,506

6,612

6,560

6,734

6,903

7,071

7,255

6,914

2,820

8,350

8,545

7,935

8,381

Operating costs and expenses
General and administrative expenses

788

970

776

784

760

744

817

739

711

649

679

686

698

694

662

620

656

627

663

641

635

693

580

590

542

561

555

582

558

737

572

580

561

637

589

556

568

648

574

621

624

368

744

741

718

785

Operating income

934

1,136

951

946

936

943

1,172

817

848

646

837

873

862

915

826

797

739

689

794

813

780

762

769

820

845

768

790

806

759

824

736

774

796

799

825

841

811

675

723

750

679

422

619

614

619

771

Other (expense) income
Interest expense

125

130

123

137

138

142

133

144

143

136

73

76

75

77

74

74

76

75

75

75

76

74

69

70

69

74

70

60

53

54

53

52

53

53

57

53

58

63

64

65

77

50

76

70

73

74

FAS (non-service) pension benefit

302

200

200

200

200

267

270

258

254

732

2

-17

-18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-58

25

27

19

36

-10

55

45

40

69

16

32

19

7

17

7

13

7

10

-2

0

13

-6

6

10

13

0

-22

6

17

12

5

13

-

-13

-

5

27

13

-10

7

3

41

13

8

45

Earnings before income taxes

1,053

-569

1,055

1,028

1,034

403

1,364

976

999

1,847

782

812

788

506

769

730

676

621

729

736

704

701

694

756

786

707

720

724

712

787

695

727

756

782

755

788

758

410

672

675

609

375

584

557

554

742

Federal and foreign income tax expense

185

-160

122

167

171

47

120

187

159

826

139

257

138

138

167

213

120

162

213

205

220

195

221

245

207

229

223

236

223

254

236

247

250

232

235

268

262

104

224

-65

199

139

120

189

188

233

Earnings from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

506

550

520

520

496

306

448

740

410

236

464

368

366

509

Earnings from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2

0

0

34

70

49

-29

59

177

26

26

23

3

Net Income (Loss) Attributable to Parent

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

533

459

480

506

548

520

520

530

376

497

711

469

413

490

394

389

512

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2.00

0.00

1.89

1.84

1.70

1.05

1.53

2.47

1.36

0.77

1.46

1.14

1.12

1.52

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

0.12

0.25

0.16

-0.10

0.19

0.55

0.09

0.08

0.07

0.01

Basic earnings per share

5.18

-2.39

5.52

5.07

5.08

2.10

7.15

4.52

4.82

5.86

3.69

3.18

3.72

2.10

3.38

2.87

3.07

2.51

2.78

2.77

2.45

2.53

2.29

2.41

2.68

2.16

2.18

2.09

2.07

0.00

1.86

1.91

2.00

0.00

1.89

1.84

1.82

1.30

1.69

2.37

1.55

1.32

1.55

1.22

1.19

1.53

Weighted-average common shares outstanding, in millions

167

168

169

169

170

171

174

174

174

174

174

174

174

176

178

180

181

182

185

191

197

200

206

212

216

219

228

234

236

243

247

250

253

257

274

282

291

292

293

299

302

310

317

322

326

334

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.96

0.00

1.86

1.81

1.67

1.03

1.51

2.44

1.34

0.76

1.45

1.13

1.10

1.50

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

0.12

0.25

0.16

-0.10

0.19

0.54

0.08

0.08

0.07

0.01

Diluted earnings per share

5.15

-2.39

5.49

5.06

5.06

2.09

7.11

4.50

4.79

5.82

3.67

3.16

3.69

2.09

3.35

2.85

3.03

2.49

2.75

2.74

2.41

2.49

2.26

2.37

2.63

2.13

2.14

2.05

2.03

0.00

1.82

1.88

1.96

0.00

1.86

1.81

1.79

1.28

1.67

2.34

1.53

1.30

1.53

1.21

1.17

1.51

Weighted-average diluted shares outstanding, in millions

168

169

169

170

170

172

174

175

175

175

175

175

176

177

179

181

183

184

187

193

200

203

209

215

220

224

232

237

241

248

252

254

258

263

279

287

296

296

297

303

306

314

320

325

332

340

Net Income (Loss) Attributable to Parent

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

533

459

480

506

548

520

520

530

376

497

711

469

413

490

394

389

512

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

-

-

-

-

-

-

-

-

-

344

-99

-102

-99

364

-101

-100

-101

213

-96

-96

-96

2,443

-31

-35

-61

-1,553

-78

-79

-80

1,357

-50

-54

50

1,192

22

14

21

-415

39

39

40

402

53

53

53

3

Change in unamortized prior service credit, net of tax

-10

-

-12

-12

-11

-

-15

-15

-15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cumulative translation adjustment and other, net

-9

2

0

-4

4

-5

-3

-3

-3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

0

-4

4

-31

-6

-9

-4

-10

-15

13

-29

-35

-26

0

2

6

15

9

-16

5

12

-15

6

-

-25

-

27

-7

18

-24

-28

-13

20

38

-14

-2

Other, net

-

-

-

-

-

-

-

-

-

-

0

1

2

0

-1

1

-1

2

1

0

-1

0

3

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-

-

-

-1

-

0

-

-

-

-2

-

-

-

-

1

0

28

7

-

Other comprehensive loss, net of tax

-19

-10

-12

-16

-7

-20

-18

-18

-18

-349

99

99

105

-395

94

92

96

-221

82

109

66

-2,478

8

35

63

1,559

92

88

64

-1,453

61

39

56

-1,314

-3

14

46

173

57

15

12

390

73

119

46

1

Comprehensive income

849

-419

921

845

856

336

1,226

771

822

672

742

654

755

-27

696

609

652

238

598

640

550

-1,972

481

546

642

2,037

589

576

553

-920

520

519

562

-766

517

534

576

549

554

726

481

803

563

513

435

513

Product [Member]
Sales

6,176

6,247

5,997

5,880

5,728

5,776

5,614

4,790

4,289

4,147

4,183

4,037

3,997

4,321

3,721

3,560

3,478

3,413

3,615

3,509

3,429

3,549

3,494

3,564

3,408

3,689

3,330

3,593

3,421

3,611

3,487

3,399

3,341

3,721

3,780

3,709

3,863

3,932

3,968

4,167

4,024

1,032

4,982

5,420

4,570

4,808

Cost of Sales

4,952

4,720

4,777

4,661

4,517

4,585

4,233

3,698

3,269

3,318

3,189

3,037

2,983

3,205

2,760

2,621

2,611

2,590

2,633

2,568

2,542

2,616

2,614

2,668

2,533

2,790

2,499

2,703

2,631

2,655

2,629

2,604

2,527

3,126

2,700

2,662

3,003

3,572

2,918

3,078

2,990

641

4,027

4,345

3,635

3,682

Service [Member]
Sales

2,444

2,474

2,478

2,576

2,461

2,380

2,471

2,329

2,446

2,405

2,386

2,436

2,413

2,274

2,434

2,440

2,478

2,281

2,364

2,387

2,528

2,559

2,490

2,475

2,440

2,468

2,776

2,701

2,683

2,865

2,783

2,875

2,857

2,785

2,832

2,851

2,871

2,971

3,103

3,088

2,890

1,788

3,368

3,125

3,365

3,573

Cost of Sales

1,946

1,895

1,971

2,065

1,976

1,884

1,863

1,865

1,907

1,939

1,864

1,877

1,867

1,781

1,907

1,962

1,950

1,788

1,889

1,874

2,000

2,037

2,021

1,961

1,928

2,038

2,262

2,203

2,156

2,260

2,333

2,316

2,314

1,944

2,498

2,501

2,352

2,008

2,856

2,806

2,621

1,389

2,960

2,845

2,963

3,143