Company: NOC
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001133421-25-000023
Chunk: 14

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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(81)(113)Pension and OPB contributions(28)(36)Changes in assets and liabilities:Accounts receivable, net(542)(378)Unbilled receivables, net(1,069)(757)Inventoried costs, net(125)(262)Prepaid expenses and other assets(42)49 Accounts payable and other liabilities(1,014)(581)Income taxes payable, net58 219 Other, net(3)(7)Net cash used in operating activities(1,565)(706)Investing activitiesCapital expenditures(256)(270)Other, net4 1 Net cash used in investing activities(252)(269)Financing activitiesNet proceeds from issuance of long-term debt— 2,495 Payments of long-term debt(1,500)— Net borrowings on commercial paper1,474 — Common stock repurchases(480)(1,190)Cash dividends paid(302)(283)Payments of employee taxes withheld from share-based awards(38)(55)Other, net(5)(40)Net cash (used in) provided by financing activities(851)927 Decrease in cash and cash equivalents(2,668)(48)Cash and cash equivalents, beginning of year4,353 3,109 Cash and cash equivalents, end of period$1,685 $3,061 

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 CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)

 Three Months Ended March 31$ in millions, except per share amounts20252024Common stockBeginning of period$145 $150 Common stock repurchased(1)(2)End of period144 148 Paid-in capitalBeginning of period— — End of period— — Retained earningsBeginning of period15,297 14,773 Common stock repurchased(481)(1,186)Net earnings481 944 Dividends declared(299)(279)Stock compensation(16)(34)End of period14,982 14,218 Accumulated other comprehensive lossBeginning of period(152)(128)Other comprehensive income (loss), net of tax10 (15)End of period(142)(143)Total shareholders’ equity$14,984 $14,