HUNTINGTON INGALLS INDUSTRIES INC

For the period ended Dec 31, 2023. Filed Feb 1, 2024.

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FY2023 · Filed Feb 1, 2024

HII$313.57+3.0%Stored close · as of Nov 10, 2026

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Contents

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(in millions, except per share amounts)	2023	2022	2021
Sales and service revenues
Product sales	$7,664	$7,283	$7,000
Service revenues	3,790	3,393	2,524
Sales and service revenues	11,454	10,676	9,524
Cost of sales and service revenues
Cost of product sales	6,467	6,225	5,958
Cost of service revenues	3,341	3,011	2,198
Income from operating investments, net	37	48	41
Other income and gains, net	120	1	2
General and administrative expenses	1,022	924	898
Operating income	781	565	513
Other income (expense)
Interest expense	(95)	(102)	(89)
Non-operating retirement benefit	148	276	181
Other, net	19	(20)	17
Earnings before income taxes	853	719	622
Federal and foreign income taxes	172	140	78
Net earnings	$681	$579	$544
Basic earnings per share	$17.07	$14.44	$13.50
Weighted-average common shares outstanding	39.9	40.1	40.3
Diluted earnings per share	$17.07	$14.44	$13.50
Weighted-average diluted shares outstanding	39.9	40.1	40.3
Net earnings from above	$681	$579	$544
Other comprehensive income
Change in unamortized benefit plan costs	238	436	838
Tax expense for items of other comprehensive income	(61)	(112)	(214)
Other comprehensive income, net of tax	177	324	624
Comprehensive income	$858	$903	$1,168

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