HUNTINGTON INGALLS INDUSTRIES INC
For the period ended Sep 30, 2024. Filed Oct 31, 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 31, 2024
HII$313.57+3.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Financial Position
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
| ($ in millions) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $10 | $430 |
| Accounts receivable, net of allowance for expected credit losses of $2 million as of 2024 and $8 million as of 2023 | 436 | 461 |
| Contract assets | 1,714 | 1,537 |
| Inventoried costs | 205 | 186 |
| Income taxes receivable | 173 | 183 |
| Prepaid expenses and other current assets | 91 | 83 |
| Total current assets | 2,629 | 2,880 |
| Property, plant, and equipment, net of accumulated depreciation of $2,544 million as of 2024 and $2,467 million as of 2023 | 3,384 | 3,296 |
| Operating lease assets | 249 | 262 |
| Goodwill | 2,618 | 2,618 |
| Other intangible assets, net of accumulated amortization of $1,091 million as of 2024 and $1,009 million as of 2023 | 809 | 891 |
| Pension plan assets | 985 | 888 |
| Miscellaneous other assets | 408 | 380 |
| Total assets | $11,082 | $11,215 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities | ||
| Trade accounts payable | $579 | $554 |
| Accrued employees’ compensation | 345 | 382 |
| Short-term debt and current portion of long-term debt | 898 | 231 |
| Current portion of postretirement plan liabilities | 129 | 129 |
| Current portion of workers’ compensation liabilities | 224 | 224 |
| Contract liabilities | 743 | 1,063 |
| Other current liabilities | 418 | 449 |
| Total current liabilities | 3,336 | 3,032 |
| Long-term debt | 1,709 | 2,214 |
| Pension plan liabilities | 219 | 212 |
| Other postretirement plan liabilities | 232 | 241 |
| Workers’ compensation liabilities | 448 | 449 |
| Long-term operating lease liabilities | 213 | 228 |
| Deferred tax liabilities | 316 | 367 |
| Other long-term liabilities | 406 | 379 |
| Total liabilities | 6,879 | 7,122 |
| Commitments and Contingencies (Note 10) | ||
| Stockholders’ Equity | ||
| Common stock, $0.01 par value; 150,000,000 shares authorized; 53,713,746 shares issued and 39,129,037 shares outstanding as of 2024, and 53,595,748 shares issued and 39,618,880 shares outstanding as of 2023 | 1 | 1 |
| Additional paid-in capital | 2,037 | 2,045 |
| Retained earnings | 5,026 | 4,755 |
| Treasury stock | (2,449) | (2,286) |
| Accumulated other comprehensive loss | (412) | (422) |
| Total stockholders’ equity | 4,203 | 4,093 |
| Total liabilities and stockholders’ equity | $11,082 | $11,215 |
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