NORTHROP GRUMMAN CORP DE
For the period ended Sep 30, 2024. Filed Oct 24, 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.
Sep 30, 2024 · Filed Oct 24, 2024
NOC$548.61+1.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Financial Position
| $ in millions, except par value | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $3,326 | $3,109 |
| Accounts receivable, net | 1,609 | 1,454 |
| Unbilled receivables, net | 6,518 | 5,693 |
| Inventoried costs, net | 1,646 | 1,109 |
| Prepaid expenses and other current assets | 1,233 | 2,341 |
| Total current assets | 14,332 | 13,706 |
| Property, plant and equipment, net of accumulated depreciation of $8,517 for 2024 and $7,964 for 2023 | 10,078 | 9,653 |
| Operating lease right-of-use assets | 1,779 | 1,818 |
| Goodwill | 17,517 | 17,517 |
| Intangible assets, net | 268 | 305 |
| Deferred tax assets | 1,407 | 1,020 |
| Other non-current assets | 2,908 | 2,525 |
| Total assets | $48,289 | $46,544 |
| Liabilities | ||
| Trade accounts payable | $2,518 | $2,110 |
| Accrued employee compensation | 1,924 | 2,251 |
| Advance payments and billings in excess of costs incurred | 3,157 | 4,193 |
| Other current liabilities | 5,502 | 3,388 |
| Total current liabilities | 13,101 | 11,942 |
| Long-term debt, net of current portion of $1,589 for 2024 and $70 for 2023 | 14,689 | 13,786 |
| Pension and other postretirement benefit plan liabilities | 1,186 | 1,290 |
| Operating lease liabilities | 1,821 | 1,892 |
| Other non-current liabilities | 2,744 | 2,839 |
| Total liabilities | 33,541 | 31,749 |
| Commitments and contingencies (Note 7) | ||
| Shareholders’ equity | ||
| Preferred 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—145,813,599 and 2023—150,109,271 | 146 | 150 |
| Paid-in capital | — | — |
| Retained earnings | 14,738 | 14,773 |
| Accumulated other comprehensive loss | (136) | (128) |
| Total shareholders’ equity | 14,748 | 14,795 |
| Total liabilities and shareholders’ equity | $48,289 | $46,544 |
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