Stock Analysis on Net
Stock Analysis on Net

Northrop Grumman Corp. (NYSE:NOC)

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Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Northrop Grumman Corp., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Product
Service
Sales
Product
Service
Cost of sales
Gross profit
General and administrative expenses
Gain on sale of business
Operating income
Interest expense
Non-operating FAS pension benefit
Mark-to-market pension and OPB benefit (expense)
Other, net
Other income (expense)
Earnings before income taxes
Federal and foreign income tax expense
Net earnings

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Northrop Grumman Corp. sales decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Northrop Grumman Corp. operating income increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Northrop Grumman Corp. earnings before income taxes increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Northrop Grumman Corp. net earnings increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.