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Northrop Grumman Corporation (NOC)
NYSE: NOC · Real-Time Price · USD
552.35
+13.04 (2.42%)
At close: Oct 22, 2026, 4:00 PM EDT
549.40
-2.95 (-0.53%)
Pre-market: Oct 23, 2026, 5:54 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
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
4,5204,1824,1742,0564,8967,005
Depreciation & Amortization
1,5241,4721,3701,3381,3421,239
Loss (Gain) From Sale of Assets
--231----1,980
Stock-Based Compensation
129119101879994
Other Operating Activities
-17978-1,531538-2,836-2,972
Change in Accounts Receivable
-788-862-33301-690-424
Change in Inventory
21197-358-220-205-52
Change in Accounts Payable
484646485-469572376
Change in Unearned Revenue
27619-123587--
Change in Income Taxes
-263-5591,143-658-279215
Change in Other Net Operating Assets
-648-204-840315266
Operating Cash Flow
5,2664,7574,3883,8752,9013,567
Operating Cash Flow Growth
53.17%8.41%13.24%33.58%-18.67%-17.14%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-1,437-1,450-1,767-1,775-1,435-1,415
Sale of Property, Plant & Equipment
371---15584
Divestitures
-333---3,400
Investment in Securities
107--197--
Other Investing Activities
-19-3818-439-11
Investing Cash Flow
-978-1,155-1,749-1,582-1,2412,058

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-9982,4951,995--
Total Debt Issued
-9982,4951,995--
Long-Term Debt Repaid
--1,500--1,050--2,236
Total Debt Repaid
-527-1,500--1,050--2,236
Net Debt Issued (Repaid)
-527-5022,495945--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
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
1,787501,244532-953-1,377

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
3,8293,3072,6212,1001,4662,152
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
26.8623.0017.7913.829.4213.38
Levered Free Cash Flow
3,1432,9004,0601,6333,6126,461
Unlevered Free Cash Flow
3,5533,3164,4481,9733,9286,808

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Income Tax Paid
7317318801,2001,5001,300
Change in Working Capital
-728-863274-144-600181
SEC Filings: 10-K · 10-Q