HUNTINGTON INGALLS INDUSTRIES INC
For the period ended Mar 31, 2024. Filed May 2, 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.
Mar 31, 2024 · Filed May 2, 2024
HII$313.57+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| ($ in millions) | 2024 | 2023 |
|---|---|---|
| Operating Activities | ||
| Net earnings | $153 | $129 |
| Adjustments to reconcile to net cash used in operating activities | ||
| Depreciation | 53 | 55 |
| Amortization of purchased intangibles | 27 | 32 |
| Amortization of debt issuance costs | 2 | 2 |
| Provision for expected credit losses | (3) | — |
| Stock-based compensation | 14 | 12 |
| Deferred income taxes | (17) | (30) |
| Loss (gain) on investments in marketable securities | (8) | (8) |
| Change in | ||
| Accounts receivable | (253) | (119) |
| Contract assets | (124) | (58) |
| Inventoried costs | (13) | (7) |
| Prepaid expenses and other assets | 25 | 30 |
| Accounts payable and accruals | (34) | (31) |
| Retiree benefits | (27) | (18) |
| Other non-cash transactions, net | 3 | 2 |
| Net cash used in operating activities | (202) | (9) |
| Investing Activities | ||
| Capital expenditures | ||
| Capital expenditure additions | (75) | (43) |
| Grant proceeds for capital expenditures | 3 | 3 |
| Investment in affiliates | — | (20) |
| Other investing activities, net | 1 | — |
| Net cash used in investing activities | (71) | (60) |
| Financing Activities | ||
| Repayment of long-term debt | (145) | (10) |
| Proceeds from revolving credit facility borrowings | 42 | — |
| Repayment of revolving credit facility borrowings | (20) | — |
| Net borrowings on commercial paper | 117 | — |
| Dividends paid | (51) | (49) |
| Repurchases of common stock | (62) | (9) |
| Employee taxes on certain share-based payment arrangements | (25) | (12) |
| Other financing activities, net | (3) | — |
| Net cash used in financing activities | (147) | (80) |
| Change in cash and cash equivalents | (420) | (149) |
| Cash and cash equivalents, beginning of period | 430 | 467 |
| Cash and cash equivalents, end of period | $10 | $318 |
| Supplemental Cash Flow Disclosure | ||
| Cash paid for interest | $10 | $12 |
| Non-Cash Investing and Financing Activities | ||
| Capital expenditures accrued in accounts payable | $6 | $8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.