HUNTINGTON INGALLS INDUSTRIES, INC.
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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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, 2025 · Filed Oct 30, 2025
HII$313.57+3.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| ($ in millions) | 2025 | 2024 |
|---|---|---|
| Operating Activities: | ||
| Net earnings | $446 | $427 |
| Adjustments to reconcile net cash provided by operating activities: | ||
| Depreciation | 164 | 160 |
| Amortization of purchased intangibles | 78 | 82 |
| Stock-based compensation | 43 | 15 |
| Deferred income taxes | 121 | (55) |
| Gain on investments in marketable securities | (28) | (22) |
| Other non-cash transactions, net | 15 | 7 |
| Change in | ||
| Accounts receivable | (162) | 31 |
| Contract assets | (186) | (177) |
| Inventoried costs | (13) | (19) |
| Prepaid expenses and other assets | (23) | (9) |
| Accounts payable and accruals | 207 | (354) |
| Retiree benefits | (116) | (84) |
| Net cash provided by operating activities | 546 | 2 |
| Investing Activities: | ||
| Capital expenditures | ||
| Capital expenditure additions | (268) | (253) |
| Grant proceeds for capital expenditures | 6 | 14 |
| Proceeds from sale of investments | 5 | — |
| Acquisitions of businesses | (132) | — |
| Other investing activities, net | 2 | 1 |
| Net cash used in investing activities | (387) | (238) |
| Financing Activities: | ||
| Repayment of long-term debt | (500) | (229) |
| Proceeds from revolving credit facility borrowings | — | 42 |
| Repayment of revolving credit facility borrowings | — | (42) |
| Net borrowings on commercial paper | — | 396 |
| Debt issuance costs | — | (7) |
| Dividends paid | (159) | (154) |
| Repurchases of common stock | — | (162) |
| Employee taxes on certain share-based payment arrangements | (14) | (25) |
| Other financing activities, net | (5) | (3) |
| Net cash used in financing activities | (678) | (184) |
| Change in cash and cash equivalents | (519) | (420) |
| Cash and cash equivalents, beginning of period | 831 | 430 |
| Cash and cash equivalents, end of period | $312 | $10 |
| Supplemental Cash Flow Disclosure | ||
| Cash paid for income taxes (net of refunds) | $71 | $170 |
| Cash paid for interest | $86 | $66 |
| Non-Cash Investing and Financing Activities | ||
| Capital expenditures accrued in accounts payable | $7 | $12 |
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