HUNTINGTON INGALLS INDUSTRIES INC
For the period ended Dec 31, 2024. Filed Feb 6, 2025.
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FY2024 · Filed Feb 6, 2025
HII$313.57+3.0%Stored close · as of Nov 10, 2026
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
CONSOLIDATED STATEMENTS OF CASH FLOWS
| ($ in millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating Activities | |||
| Net earnings | $550 | $681 | $579 |
| Adjustments to reconcile to net cash provided by operating activities | |||
| Depreciation | 217 | 219 | 218 |
| Amortization of purchased intangibles | 109 | 128 | 140 |
| Other non-cash transactions, net | 10 | 29 | 15 |
| Stock-based compensation | 23 | 34 | 36 |
| Deferred income taxes | (122) | (113) | 2 |
| Loss (gain) on investments in marketable securities | (22) | (23) | 25 |
| Change in | |||
| Accounts receivable | 256 | 168 | (196) |
| Contract assets | (146) | (297) | 70 |
| Inventoried costs | (22) | (3) | (22) |
| Prepaid expenses and other current assets | (33) | (42) | 20 |
| Accounts payable and accruals | (315) | 264 | 6 |
| Retiree benefits | (112) | (75) | (127) |
| Net cash provided by operating activities | 393 | 970 | 766 |
| Investing Activities | |||
| Capital expenditures | |||
| Capital expenditure additions | (367) | (292) | (284) |
| Grant proceeds for capital expenditures | 14 | 14 | 12 |
| Investment in affiliates | — | (24) | (5) |
| Proceeds from equity method investment | — | 63 | 6 |
| Other investing activities, net | 5 | 3 | 3 |
| Net cash used in investing activities | (348) | (236) | (268) |
| Financing Activities | |||
| Proceeds from issuance of long-term debt | 1,000 | — | — |
| Repayment of long-term debt | (229) | (480) | (400) |
| Proceeds from line of credit borrowings | 42 | — | 24 |
| Repayment of line of credit borrowings | (42) | — | (24) |
| Debt issuance costs | (17) | — | — |
| Dividends paid | (206) | (200) | (192) |
| Repurchases of common stock | (162) | (75) | (52) |
| Employee taxes on certain share-based payment arrangements | (25) | (13) | (14) |
| Other financing activities, net | (5) | (3) | — |
| Net cash provided by (used in) financing activities | 356 | (771) | (658) |
| Change in cash and cash equivalents | 401 | (37) | (160) |
| Cash and cash equivalents, beginning of period | 430 | 467 | 627 |
| Cash and cash equivalents, end of period | $831 | $430 | $467 |
| Supplemental Cash Flow Disclosure | |||
| Cash paid for interest | $101 | $101 | $100 |
| Non-Cash Investing and Financing Activities | |||
| Capital expenditures accrued in accounts payable | $23 | $29 | $12 |
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