Northrop Grumman Corporation (BIT:1NOC)

Northrop Grumman Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	4,182	4,174	2,056	4,896	7,005
Depreciation & Amortization	1,472	1,370	1,338	1,342	1,239
Stock-Based Compensation	119	101	87	99	94
Other Adjustments	-209	-1,592	546	-2,882	-4,964
Change in Receivables	-862	-33	301	-690	-424
Changes in Inventories	97	-358	-220	-205	-52
Changes in Accounts Payable	646	485	-469	572	376
Changes in Income Taxes Payable	-559	1,143	-658	-279	215
Changes in Unearned Revenue	19	-123	587	-	-
Changes in Other Operating Activities	-148	-779	307	48	78
Operating Cash Flow	4,757	4,388	3,875	2,901	3,567
Operating Cash Flow Growth	8.41%	13.24%	33.58%	-18.67%	-17.14%
Capital Expenditures	-1,450	-1,767	-1,775	-1,435	-1,415
Sale of Property, Plant & Equipment	-	-	-	155	84
Proceeds from Sale of Investments	-	-	197	-	-
Proceeds from Business Divestments	333	-	-	-	3,400
Other Investing Activities	-38	18	-4	39	-11
Investing Cash Flow	-1,155	-1,749	-1,582	-1,241	2,058
Long-Term Debt Issued	998	2,495	1,995	-	-
Long-Term Debt Repaid	-1,500	-	-1,050	-	-2,236
Net Long-Term Debt Issued (Repaid)	-502	2,495	945	-	-2,236
Repurchase of Common Stock	-1,663	-2,572	-1,552	-1,554	-3,739
Net Common Stock Issued (Repurchased)	-1,663	-2,572	-1,552	-1,554	-3,739
Common Dividends Paid	-1,293	-1,186	-1,116	-1,052	-983
Other Financing Activities	-94	-132	-38	-7	-44
Financing Cash Flow	-3,552	-1,395	-1,761	-2,613	-7,002
Net Cash Flow	50	1,244	532	-953	-1,377
Free Cash Flow	3,307	2,621	2,100	1,466	2,152
Free Cash Flow Growth	26.17%	24.81%	43.25%	-31.88%	-25.41%
FCF Margin	7.88%	6.39%	5.34%	4.01%	6.03%
Free Cash Flow Per Share	23.00	17.79	13.82	9.42	13.37
Levered Free Cash Flow	3,757	6,640	2,111	4,939	5,210
Unlevered Free Cash Flow	3,799	3,607	1,333	3,064	4,870

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.