Company: NOC
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0001133421-25-000053
Chunk: 12

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-10-21
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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,278 and 2024—144,952,026143 145 Paid-in capital— — Retained earnings15,968 15,297 Accumulated other comprehensive loss(123)(152)Total shareholders’ equity15,988 15,290 Total liabilities and shareholders’ equity$49,300 $49,359 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of ContentsNORTHROP GRUMMAN CORPORATION                        

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 Nine Months Ended September 30$ in millions20252024Operating activitiesNet earnings$2,755 $2,910 Adjustments to reconcile to net cash provided by operating activities:Depreciation and amortization1,066 956 Stock-based compensation65 72 Deferred income taxes344 (387)B-21 loss provision477 — Gain on sale of business(231)— Net periodic pension and OPB income(256)(339)Pension and OPB contributions(94)(93)Changes in assets and liabilities:Accounts receivable, net(716)(155)Unbilled receivables, net(1,240)(825)Inventoried costs, net(179)(542)Prepaid expenses and other assets(29)(15)Accounts payable and other liabilities(642)(915)Income taxes payable, net(421)1,106 Other, net(39)37 Net cash provided by operating activities860 1,810 Investing activitiesCapital expenditures(788)(951)Divestiture of training services business333 — Other, net(36)— Net cash used in investing activities(491)(951)Financing activitiesNet proceeds from issuance of long-term debt998 2,495 Payments of long-term debt(1,500)— Common stock repurchases(1,168)(2,073)Cash dividends paid(964)(887)Payments of employee taxes withheld from share-based awards(38)(57)Other, net(93)(120)Net cash used in financing activities(2,765)(642)(Decrease) increase in cash and cash equivalents(2,396)217 Cash and cash equivalents, beginning of year4,353 3,109 Cash and cash equivalents, end of period$1,957 $3,326 

The accompanying notes are an integral part of