Company: NOC
Filing Date: 2025-01-30
Form Type: 10-K
Source: 0001133421-25-000006
Chunk: 4

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-01-30
Form: 10-K
Item: Item 8
Chunk 4
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,839 Total liabilities34,069 31,749 Commitments and contingencies (Note 11)Shareholders’ equityPreferred stock, $1 par value; 10,000,000 shares authorized; no shares issued and outstanding— — Common stock, $1 par value; 800,000,000 shares authorized; issued and outstanding: 2024—144,952,026 and 2023—150,109,271145 150 Paid-in capital— — Retained earnings15,297 14,773 Accumulated other comprehensive loss(152)(128)Total shareholders’ equity15,290 14,795 Total liabilities and shareholders’ equity$49,359 $46,544 The accompanying notes are an integral part of these consolidated financial statements.

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NORTHROP GRUMMAN CORPORATION                        

CONSOLIDATED STATEMENTS OF CASH FLOWS

 Year Ended December 31$ in millions202420232022Operating activitiesNet earnings$4,174 $2,056 $4,896 Adjustments to reconcile to net cash provided by operating activities:Depreciation and amortization1,370 1,338 1,342 Mark-to-market pension and OPB (benefit) expense (443)422 (1,232)Stock-based compensation101 87 99 Deferred income taxes(582)(988)(321)B-21 charge— 1,559 — Net periodic pension and OPB income(438)(308)(1,193)Pension and OPB contributions(129)(139)(136)Changes in assets and liabilities:Accounts receivable, net182 54 (44)Unbilled receivables, net(215)247 (646)Inventoried costs, net(358)(220)(205)Prepaid expenses and other assets35 (86)2 Accounts payable and other liabilities(513)519 572 Income taxes payable, net1,143 (658)(279)Other, net61 (8)46 Net cash provided by operating activities4,388 3,875 2,901 Investing activitiesCapital expenditures(1,767)(1,775)(1,435)Proceeds from sale of equipment to a customer— — 155 Proceeds from sale of minority investments— 197 — Other, net18 (4)39 Net cash used in