HUNTINGTON INGALLS INDUSTRIES INC

For the period ended Dec 31, 2024. Filed Feb 6, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 6, 2025

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

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Contents

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

($ in millions)	2024	2023
Assets
Current Assets
Cash and cash equivalents	$831	$430
Accounts receivable, net	212	461
Contract assets	1,683	1,537
Inventoried costs, net	208	186
Income taxes receivable	204	183
Prepaid expenses and other current assets	90	83
Total current assets	3,228	2,880
Property, Plant, and Equipment
Land and land improvements	377	351
Buildings and leasehold improvements	3,182	2,954
Machinery and other equipment	2,267	2,197
Capitalized software costs	207	261
	6,033	5,763
Accumulated depreciation and amortization	(2,583)	(2,467)
Property, plant, and equipment, net	3,450	3,296
Other Assets
Operating lease assets	239	262
Goodwill	2,618	2,618
Other intangible assets, net of accumulated amortization of $1,118 million as of 2024 and $1,009 million as of 2023	782	891
Pension plan assets	1,422	888
Miscellaneous other assets	402	380
Total other assets	5,463	5,039
Total assets	$12,141	$11,215

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CONTINUED

($ in millions)	2024	2023
Liabilities and Stockholders' Equity
Current Liabilities
Trade accounts payable	$598	$554
Accrued employees’ compensation	392	382
Current portion of long-term debt	503	231
Current portion of postretirement plan liabilities	124	129
Current portion of workers’ compensation liabilities	201	224
Contract liabilities	774	1,063
Other current liabilities	399	449
Total current liabilities	2,991	3,032
Long-term debt	2,700	2,214
Pension plan liabilities	142	212
Other postretirement plan liabilities	209	241
Workers’ compensation liabilities	443	449
Long-term operating lease liabilities	205	228
Deferred tax liabilities	378	367
Other long-term liabilities	407	379
Total liabilities	7,475	7,122
Commitments and Contingencies (Note 15)
Stockholders’ Equity
Common stock, $0.01 par value; 150,000,000 shares authorized; 53,714,128 issued and 39,129,419 outstanding as of 2024, and 53,595,748 issued and 39,618,880 outstanding as of 2023	1	1
Additional paid-in capital	2,045	2,045
Retained earnings	5,097	4,755
Treasury stock	(2,449)	(2,286)
Accumulated other comprehensive loss	(28)	(422)
Total stockholders’ equity	4,666	4,093
Total liabilities and stockholders’ equity	$12,141	$11,215

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.