Northrop Grumman Corporation (TSX:NOC)
Canada · Delayed Price · Currency is CAD 18.66
+0.54 (2.98%)
Oct 22, 2026, 3:50 PM EDT
Northrop Grumman Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 4,520 | 4,182 | 4,174 | 2,056 | 4,896 | 7,005 |
Depreciation & Amortization | 1,524 | 1,472 | 1,370 | 1,338 | 1,342 | 1,239 |
Loss (Gain) From Sale of Assets | - | -231 | - | - | - | -1,980 |
Stock-Based Compensation | 129 | 119 | 101 | 87 | 99 | 94 |
Other Operating Activities | -179 | 78 | -1,531 | 538 | -2,836 | -2,972 |
Change in Accounts Receivable | -788 | -862 | -33 | 301 | -690 | -424 |
Change in Inventory | 211 | 97 | -358 | -220 | -205 | -52 |
Change in Accounts Payable | 484 | 646 | 485 | -469 | 572 | 376 |
Change in Unearned Revenue | 276 | 19 | -123 | 587 | - | - |
Change in Income Taxes | -263 | -559 | 1,143 | -658 | -279 | 215 |
Change in Other Net Operating Assets | -648 | -204 | -840 | 315 | 2 | 66 |
Operating Cash Flow | 5,266 | 4,757 | 4,388 | 3,875 | 2,901 | 3,567 |
Operating Cash Flow Growth | 53.17% | 8.41% | 13.24% | 33.58% | -18.67% | -17.14% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,437 | -1,450 | -1,767 | -1,775 | -1,435 | -1,415 |
Sale of Property, Plant & Equipment | 371 | - | - | - | 155 | 84 |
Divestitures | - | 333 | - | - | - | 3,400 |
Investment in Securities | 107 | - | - | 197 | - | - |
Other Investing Activities | -19 | -38 | 18 | -4 | 39 | -11 |
Investing Cash Flow | -978 | -1,155 | -1,749 | -1,582 | -1,241 | 2,058 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 998 | 2,495 | 1,995 | - | - |
Total Debt Issued | - | 998 | 2,495 | 1,995 | - | - |
Long-Term Debt Repaid | - | -1,500 | - | -1,050 | - | -2,236 |
Total Debt Repaid | -527 | -1,500 | - | -1,050 | - | -2,236 |
Net Debt Issued (Repaid) | -527 | -502 | 2,495 | 945 | - | -2,236 |
Repurchase of Common Stock | -583 | -1,663 | -2,572 | -1,552 | -1,554 | -3,739 |
Common Dividends Paid | -1,364 | -1,293 | -1,186 | -1,116 | -1,052 | -983 |
Other Financing Activities | -27 | -94 | -132 | -38 | -7 | -44 |
Financing Cash Flow | -2,501 | -3,552 | -1,395 | -1,761 | -2,613 | -7,002 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 1,787 | 50 | 1,244 | 532 | -953 | -1,377 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 3,829 | 3,307 | 2,621 | 2,100 | 1,466 | 2,152 |
Free Cash Flow Growth | 108.78% | 26.17% | 24.81% | 43.25% | -31.88% | -25.41% |
Free Cash Flow Margin | 8.78% | 7.88% | 6.39% | 5.34% | 4.00% | 6.03% |
Free Cash Flow Per Share | 26.86 | 23.00 | 17.79 | 13.82 | 9.42 | 13.38 |
Levered Free Cash Flow | 3,143 | 2,900 | 4,060 | 1,633 | 3,612 | 6,461 |
Unlevered Free Cash Flow | 3,553 | 3,316 | 4,448 | 1,973 | 3,928 | 6,808 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | 731 | 731 | 880 | 1,200 | 1,500 | 1,300 |
Change in Working Capital | -728 | -863 | 274 | -144 | -600 | 181 |