Name: Northrop Grumman Corp. (NYSE:NOC) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Northrop Grumman Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Cash and cash equivalents	2,495)	2,577)	1,666)	1,169)	2,174)	3,530)	4,055)	3,941)	3,517)	4,907)	4,995)	4,178)	3,278)	2,245)	1,127)	1,088)	755)	1,579)	1,228)	1,539)	10,369)
Accounts receivable, net	2,061)	1,511)	1,936)	2,387)	1,713)	1,467)	1,590)	1,910)	1,710)	1,501)	1,958)	1,989)	2,136)	1,326)	2,111)	1,832)	2,166)	1,448)	1,702)	1,815)	1,241)
Unbilled receivables, net	6,215)	5,983)	6,430)	6,211)	6,118)	5,492)	5,674)	5,418)	5,519)	5,140)	5,723)	5,460)	5,918)	5,334)	5,777)	5,657)	5,785)	5,026)	5,600)	5,272)	3,869)
Inventoried costs, net	1,115)	978)	989)	909)	838)	811)	872)	863)	860)	759)	853)	832)	785)	783)	810)	810)	778)	654)	719)	690)	435)
Prepaid expenses and other current assets	924)	1,439)	1,277)	961)	713)	1,126)	737)	630)	647)	1,402)	1,023)	720)	1,011)	997)	1,011)	772)	959)	973)	883)	406)	243)
Assets of disposal group held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,635)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	12,810)	12,488)	12,298)	11,637)	11,556)	12,426)	12,928)	12,762)	12,253)	15,344)	14,552)	13,179)	13,128)	10,685)	10,836)	10,159)	10,443)	9,680)	10,132)	9,722)	16,157)
Property, plant and equipment, net of accumulated depreciation	8,838)	8,800)	8,325)	8,125)	8,017)	7,894)	7,277)	7,164)	7,093)	7,071)	7,187)	7,063)	6,956)	6,912)	6,611)	6,522)	6,420)	6,372)	6,025)	5,864)	4,285)
Operating lease right-of-use assets	1,779)	1,811)	1,680)	1,669)	1,702)	1,655)	1,552)	1,575)	1,552)	1,533)	1,479)	1,528)	1,469)	1,511)	1,511)	1,278)	1,283)	—)	—)	—)	—)
Goodwill	17,516)	17,516)	17,516)	17,518)	17,523)	17,515)	17,516)	17,518)	17,518)	17,518)	18,711)	18,707)	18,698)	18,708)	18,707)	18,708)	18,698)	18,672)	18,642)	18,747)	12,455)
Intangible assets, net	364)	384)	433)	483)	533)	578)	629)	680)	732)	783)	844)	909)	974)	1,040)	1,123)	1,206)	1,289)	1,372)	1,460)	1,329)	—)
Deferred tax assets	234)	162)	233)	239)	220)	200)	418)	433)	311)	311)	188)	346)	355)	508)	83)	85)	84)	94)	69)	179)	474)
Other non-current assets	2,703)	2,594)	2,248)	2,243)	2,352)	2,311)	2,026)	2,010)	1,964)	1,909)	1,811)	1,743)	1,623)	1,725)	1,682)	1,626)	1,534)	1,463)	1,615)	1,537)	1,424)
Non-current assets	31,434)	31,267)	30,435)	30,277)	30,347)	30,153)	29,418)	29,380)	29,170)	29,125)	30,220)	30,296)	30,075)	30,404)	29,717)	29,425)	29,308)	27,973)	27,811)	27,656)	18,638)
Total assets	44,244)	43,755)	42,733)	41,914)	41,903)	42,579)	42,346)	42,142)	41,423)	44,469)	44,772)	43,475)	43,203)	41,089)	40,553)	39,584)	39,751)	37,653)	37,943)	37,378)	34,795)

Total assets exhibited a consistent upward trajectory over the analyzed period, growing from 34,795 million US dollars in March 2018 to 44,244 million US dollars by March 2023. This growth was primarily driven by a significant expansion in non-current assets, while current assets experienced more volatility but maintained a generally higher baseline in later years compared to the 2018 period.

Current Asset Dynamics: Cash and cash equivalents showed significant volatility, starting at a peak of 10,369 million US dollars in March 2018 before declining sharply and subsequently fluctuating between 1,000 million and 5,000 million US dollars throughout the remaining periods. In contrast, unbilled receivables demonstrated a steady and substantial increase, rising from 3,869 million US dollars in March 2018 to 6,215 million US dollars in March 2023, indicating a growing volume of work performed but not yet billed.; Inventoried costs followed a similar growth pattern, more than doubling from 435 million US dollars in March 2018 to 1,115 million US dollars in March 2023. Prepaid expenses and other current assets remained relatively stable, although a peak of 1,439 million US dollars was observed in December 2022.
Non-Current Asset Trends: Property, plant, and equipment (PP&E) showed a consistent long-term increase, growing from 4,285 million US dollars in March 2018 to 8,838 million US dollars in March 2023, reflecting sustained investment in physical infrastructure.; Goodwill experienced a sharp increase between March 2018 (12,455 million US dollars) and June 2018 (18,747 million US dollars), suggesting a major acquisition during that period. Following this spike, goodwill remained relatively stable, ending the period at 17,516 million US dollars.; Intangible assets, net, followed a persistent downward trend, declining from a high of 1,460 million US dollars in September 2018 to 364 million US dollars by March 2023, likely due to systematic amortization.; Operating lease right-of-use assets appeared in the records starting March 2019 at 1,283 million US dollars and grew gradually to 1,779 million US dollars by March 2023.

The shift in asset composition indicates a transition toward higher operational investment and a larger volume of contract-related receivables. The substantial growth in PP&E and the stabilization of goodwill, paired with the rise in unbilled receivables, suggest a period of expansion in production capacity and project execution.

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Northrop Grumman Corp. (NYSE:NOC)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data