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Northrop Grumman Corporation (NOC)
NYSE: NOC · Real-Time Price · USD
547.58
+5.34 (0.98%)
At close: Jul 27, 2026, 4:00 PM EDT
549.43
+1.85 (0.34%)
Pre-market: Jul 28, 2026, 4:34 AM EDT

Northrop Grumman Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
4,4964,1824,1742,0564,8967,005
Depreciation & Amortization
1,5241,4721,3701,3381,3421,239
Stock-Based Compensation
128119101879994
Other Adjustments
567-209-1,592546-2,882-4,964
Change in Receivables
-386-862-33301-690-424
Changes in Inventories
8197-358-220-205-52
Changes in Accounts Payable
303646485-469572376
Changes in Income Taxes Payable
-452-5591,143-658-279215
Changes in Unearned Revenue
-17419-123587--
Changes in Other Operating Activities
-482-148-7793074878
Operating Cash Flow
5,0784,7574,3883,8752,9013,567
Operating Cash Flow Growth
70.86%8.41%13.24%33.58%-18.67%-17.14%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-1,432-1,450-1,767-1,775-1,435-1,415
Sale of Property, Plant & Equipment
----15584
Proceeds from Sale of Investments
---197--
Proceeds from Business Divestments
-333---3,400
Other Investing Activities
-3-3818-439-11
Investing Cash Flow
-1,328-1,155-1,749-1,582-1,2412,058

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-9982,4951,995--
Long-Term Debt Repaid
-527-1,500--1,050--2,236
Net Long-Term Debt Issued (Repaid)
-527-5022,495945--2,236
Repurchase of Common Stock
-860-1,663-2,572-1,552-1,554-3,739
Net Common Stock Issued (Repurchased)
-860-1,663-2,572-1,552-1,554-3,739
Common Dividends Paid
-1,343-1,293-1,186-1,116-1,052-983
Other Financing Activities
-46-94-132-38-7-44
Financing Cash Flow
-3,342-3,552-1,395-1,761-2,613-7,002

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
408501,244532-953-1,377

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
3,6463,3072,6212,1001,4662,152
Free Cash Flow Growth
178.75%26.17%24.81%43.25%-31.88%-25.41%
FCF Margin
8.50%7.88%6.39%5.34%4.01%6.03%
Free Cash Flow Per Share
25.5323.0017.7913.829.4213.37
Levered Free Cash Flow
3,3373,7576,6402,1114,9395,210
Unlevered Free Cash Flow
3,2973,7993,6071,3333,0644,870
SEC Filings: 10-K · 10-Q