Stock Analysis on Net

Northrop Grumman Corp. (NYSE:NOC)

Cash Flow Statement 
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Northrop Grumman Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Net earnings 2,080 915 946 955 2,710 1,063 1,037 2,195 330 986 1,005 868 (409) 933 861 863 356 1,244 789 840
Depreciation and amortization 382 327 330 303 331 314 300 294 345 317 308 297 341 318 304 302 266 253 159 122
Mark-to-market pension and OPB (benefit) expense (1,232) (2,355) 1,034 1,800 655
Stock-based compensation 27 30 24 18 23 31 22 18 29 25 18 18 34 38 29 26 4 29 34 19
Deferred income taxes 117 (39) (198) (201) 708 16 (122) 1 (159) 200 13 156 (533) (24) 15 33 (41) 226 71 (22)
Gain on sale of business (1,980)
Net periodic pension and OPB income (298) (298) (299) (298) (273) (272) (274) (272) (190) (204) (171) (237)
Pension and OPB contributions (30) (35) (35) (36) (33) (34) (36) (38) (787) (31) (69)
Accounts receivable, net 425 451 (674) (246) 123 320 (200) (253) 347 31 147 (810) 785 (279) 334 (718) 254 93 42 (187)
Unbilled receivables, net 392 (319) (93) (626) 182 (284) 45 (357) 546 (260) 458 (584) 443 (120) 101 (759) 601 (328) (166) (404)
Inventoried costs, net (34) (73) (71) (27) 61 (9) (3) (101) 88 (21) (47) (2) 21 (32) (124) 65 (29) (36) (37)
Prepaid expenses and other assets 66 (178) 98 16 60 (20) 64 (38) (25) (106) (72) 56 3 (33) (25) (23) 53 (166) 44 13
Accounts payable and other liabilities 629 667 8 (732) 327 251 387 (589) 436 657 459 (833) 297 687 113 (480) 506 297 168 (590)
Income taxes payable, net (223) (142) (275) 361 (448) (218) (147) 1,028 (349) (219) 320 10 (29) (228) 54 140 (144) (300) (11) 197
Retiree benefits (281) (137) (143) (142) (236) (453) (204) (190)
Changes in assets and liabilities 1,255 406 (1,007) (1,254) 305 40 146 (310) 1,043 82 1,265 (2,163) 1,239 (110) 402 (2,106) 1,099 (886) (163) (1,198)
Other, net (50) 29 42 25 26 5 (45) 26 (43) (16) (32) 68 (8) (16) (4) (31) 38 (54) (15) 2
Adjustments to reconcile to net cash provided by (used in) operating activities 171 420 (1,143) (1,443) (1,268) 100 (9) (2,261) 1,272 373 1,332 (1,861) 2,873 206 746 (1,776) 2,021 (432) 86 (1,077)
Net cash provided by (used in) operating activities 2,251 1,335 (197) (488) 1,442 1,163 1,028 (66) 1,602 1,359 2,337 (993) 2,464 1,139 1,607 (913) 2,377 812 875 (237)
Divestiture of IT services business 3,400
Acquisition of Orbital ATK, net of cash acquired (7,657)
Capital expenditures (632) (296) (263) (244) (733) (247) (230) (205) (592) (287) (269) (272) (471) (257) (252) (284) (463) (282) (199) (305)
Proceeds from sale of equipment to a customer 55 100 28 56 205
Other, net (1) 1 44 (5) (8) (4) 1 4 (2) 2 49 7 (3) 4 5 21 4 (2)
Net cash (used in) provided by investing activities (578) (195) (219) (249) (741) (223) (174) 3,196 (383) (289) (269) (270) (422) (250) (255) (280) (458) (261) (7,852) (307)
Net proceeds from issuance of long-term debt 2,239
Payments of long-term debt (36) (2,200) (1,000) (27) (500) (726) (1,550)
Payments to credit facilities (65) (6) (7) (11) (20) (6) (300) (14)
Net borrowings on (repayments of) commercial paper (744) 744 (399) 100 (713) 814 (301) 250 249
Common stock repurchases (493) (371) (322) (318) (981) (581) (143) (2,000) (146) (344) (300) (213) (171) (60) (1,054) (168) (41)
Cash dividends paid (266) (267) (268) (251) (246) (251) (248) (238) (242) (242) (242) (227) (222) (223) (224) (211) (205) (209) (209) (198)
Payments of employee taxes withheld from share-based awards (2) (48) (1) (2) (1) (30) (2) (1) (63) (2) (2) (61) (1) (4) (1) (79)
Other, net (3) (3) 1 (2) 2 8 (2) (52) 18 (29) (46) (1) (3) (2) (1) (5) (1) (21)
Net cash provided by (used in) financing activities (762) (643) (589) (619) (1,226) (826) (430) (4,520) (1,307) (253) (1,168) 2,296 (924) (850) (1,112) 462 (1,568) (862) (1,853) (312)
Increase (decrease) in cash and cash equivalents 911 497 (1,005) (1,356) (525) 114 424 (1,390) (88) 817 900 1,033 1,118 39 240 (731) 351 (311) (8,830) (856)

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Cash flow statement item Description The company
Net cash provided by (used in) operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Northrop Grumman Corp. net cash provided by (used in) operating activities increased from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Northrop Grumman Corp. net cash (used in) provided by investing activities increased from Q2 2022 to Q3 2022 but then decreased significantly from Q3 2022 to Q4 2022.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Northrop Grumman Corp. net cash provided by (used in) financing activities decreased from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.