NORTHROP GRUMMAN CORP DE
For the period ended Mar 31, 2025. Filed Apr 22, 2025.
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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.
Mar 31, 2025 · Filed Apr 22, 2025
NOC$548.61+1.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31 | ||
|---|---|---|
| $ in millions | 2025 | 2024 |
| Operating activities | ||
| Net earnings | $481 | $944 |
| Adjustments to reconcile to net cash used in operating activities: | ||
| Depreciation and amortization | 337 | 299 |
| Stock-based compensation | 20 | 20 |
| Deferred income taxes | (34) | (103) |
| B-21 loss provision | 477 | — |
| Net periodic pension and OPB income | (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, net | 58 | 219 |
| Other, net | (3) | (7) |
| Net cash used in operating activities | (1,565) | (706) |
| Investing activities | ||
| Capital expenditures | (256) | (270) |
| Other, net | 4 | 1 |
| Net cash used in investing activities | (252) | (269) |
| Financing activities | ||
| Net proceeds from issuance of long-term debt | — | 2,495 |
| Payments of long-term debt | (1,500) | — |
| Net borrowings on commercial paper | 1,474 | — |
| 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 year | 4,353 | 3,109 |
| Cash and cash equivalents, end of period | $1,685 | $3,061 |
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