NORTHROP GRUMMAN CORP DE
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
NOC$548.61+1.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Earnings and Comprehensive Income
| Three Months Ended June 30 | Six Months Ended June 30 | |||
|---|---|---|---|---|
| $ in millions, except per share amounts | 2024 | 2023 | 2024 | 2023 |
| Sales | ||||
| Product | $8,076 | $7,441 | $16,178 | $14,712 |
| Service | 2,142 | 2,135 | 4,173 | 4,165 |
| Total sales | 10,218 | 9,576 | 20,351 | 18,877 |
| Operating costs and expenses | ||||
| Product | 6,388 | 5,876 | 12,799 | 11,603 |
| Service | 1,639 | 1,660 | 3,228 | 3,249 |
| General and administrative expenses | 1,101 | 1,073 | 2,163 | 2,111 |
| Total operating costs and expenses | 9,128 | 8,609 | 18,190 | 16,963 |
| Operating income | 1,090 | 967 | 2,161 | 1,914 |
| Other (expense) income | ||||
| Interest expense | (154) | (147) | (300) | (276) |
| Non-operating FAS pension benefit | 167 | 133 | 335 | 265 |
| Other, net | 43 | 34 | 81 | 82 |
| Earnings before income taxes | 1,146 | 987 | 2,277 | 1,985 |
| Federal and foreign income tax expense | 206 | 175 | 393 | 331 |
| Net earnings | $940 | $812 | $1,884 | $1,654 |
| Basic earnings per share | $6.37 | $5.35 | $12.72 | $10.87 |
| Weighted-average common shares outstanding, in millions | 147.5 | 151.7 | 148.1 | 152.1 |
| Diluted earnings per share | $6.36 | $5.34 | $12.69 | $10.83 |
| Weighted-average diluted shares outstanding, in millions | 147.7 | 152.2 | 148.5 | 152.7 |
| Net earnings (from above) | $940 | $812 | $1,884 | $1,654 |
| Other comprehensive (loss) income, net of tax | ||||
| Change in cumulative translation adjustment | (1) | 3 | — | 5 |
| Change in other, net | (2) | (2) | (18) | (2) |
| Other comprehensive (loss) income, net of tax | (3) | 1 | (18) | 3 |
| Comprehensive income | $937 | $813 | $1,866 | $1,657 |
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