Company: NOC
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001133421-25-000049
Chunk: 12

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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,021 and 2024—144,952,026143 145 Paid-in capital— — Retained earnings15,452 15,297 Accumulated other comprehensive loss(124)(152)Total shareholders’ equity15,471 15,290 Total liabilities and shareholders’ equity$49,451 $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)

 Six Months Ended June 30$ in millions20252024Operating activitiesNet earnings$1,655 $1,884 Adjustments to reconcile to net cash (used in) provided by operating activities:Depreciation and amortization687 625 Stock-based compensation40 46 Deferred income taxes(114)(230)B-21 loss provision477 — Gain on sale of business(231)— Net periodic pension and OPB income(169)(226)Pension and OPB contributions(62)(69)Changes in assets and liabilities:Accounts receivable, net(929)(240)Unbilled receivables, net(1,343)(741)Inventoried costs, net(102)(398)Prepaid expenses and other assets21 45 Accounts payable and other liabilities(492)(918)Income taxes payable, net(145)925 Other, net10 16 Net cash (used in) provided by operating activities(697)719 Investing activitiesCapital expenditures(487)(590)Divestiture of training services business333 — Other, net(37)— Net cash used in investing activities(191)(590)Financing activitiesNet proceeds from issuance of long-term debt998 2,495 Payments of long-term debt(1,500)— Net borrowings on commercial paper566 — Common stock repurchases(891)(1,752)Cash dividends paid(634)(586)Payments of employee taxes withheld from share-based awards(38)(57)Other, net(67)(66)Net cash (used in) provided by financing activities(1,566)34 (Decrease) increase in cash and cash equivalents(2,454)163 Cash and cash equivalents, beginning of year4,353 3,109 Cash and cash equivalents, end of period$1,899