Northrop Grumman Corporation (NOC)
NYSE: NOC · Real-Time Price · USD
539.70
-3.40 (-0.63%)
At close: Aug 31, 2026, 4:00 PM EDT
541.00
+1.30 (0.24%)
After-hours: Aug 31, 2026, 7:58 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 Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 4,496 | 4,576 | 4,182 | 4,019 | 3,945 | 3,711 | 4,174 | 2,375 | 2,286 | 2,158 | 2,056 | 4,671 | 4,649 | 4,783 | 4,896 | 5,526 | 5,674 | 5,765 | 7,005 | 4,625 |
Depreciation & Amortization | 1,524 | 1,507 | 1,472 | 1,480 | 1,432 | 1,408 | 1,370 | 1,356 | 1,342 | 1,339 | 1,338 | 1,320 | 1,330 | 1,337 | 1,342 | 1,291 | 1,278 | 1,248 | 1,239 | 1,253 |
Loss (Gain) From Sale of Assets | - | -231 | -231 | -231 | -231 | - | - | - | - | - | - | - | - | - | - | - | - | - | -1,980 | -1,980 |
Stock-Based Compensation | 128 | 119 | 119 | 94 | 95 | 101 | 101 | 95 | 86 | 88 | 87 | 91 | 104 | 100 | 99 | 95 | 96 | 94 | 94 | 100 |
Other Operating Activities | 58 | -99 | 78 | -317 | -880 | -941 | -1,531 | 435 | 681 | 600 | 538 | -2,172 | -2,421 | -2,622 | -2,836 | -3,270 | -3,279 | -3,224 | -2,972 | -1,190 |
Change in Accounts Receivable | -386 | -233 | -862 | -1,009 | -1,324 | -509 | -33 | -136 | -199 | -52 | 301 | 274 | 468 | -600 | -690 | -1,202 | -1,298 | -686 | -424 | 164 |
Change in Inventory | 81 | 78 | 97 | 5 | -62 | -221 | -358 | -366 | -287 | -345 | -220 | -430 | -438 | -315 | -205 | -110 | -46 | 22 | -52 | -25 |
Change in Accounts Payable | 303 | 180 | 646 | -240 | 1,401 | 973 | 485 | 47 | 644 | 1,066 | -469 | 186 | 253 | 176 | 572 | 270 | -146 | 233 | 376 | 485 |
Change in Unearned Revenue | -174 | -12 | 19 | - | -193 | -481 | -123 | - | - | - | 587 | - | - | - | - | - | - | - | - | - |
Change in Income Taxes | -452 | -781 | -559 | -384 | 73 | 982 | 1,143 | 408 | -18 | -1,015 | -658 | -183 | -80 | -64 | -279 | -504 | -580 | -452 | 215 | 314 |
Change in Other Net Operating Assets | -500 | -438 | -204 | 21 | -1,284 | -1,494 | -840 | 26 | -158 | 32 | 315 | -61 | -62 | -108 | 2 | -4 | 221 | 145 | 66 | -19 |
Operating Cash Flow | 5,078 | 4,666 | 4,757 | 3,438 | 2,972 | 3,529 | 4,388 | 4,240 | 4,377 | 3,871 | 3,875 | 3,696 | 3,803 | 2,687 | 2,901 | 2,092 | 1,920 | 3,145 | 3,567 | 3,727 |
Operating Cash Flow Growth (YoY) | 70.86% | 32.22% | 8.41% | -18.92% | -32.10% | -8.83% | 13.24% | 14.72% | 15.09% | 44.06% | 33.58% | 76.67% | 98.07% | -14.56% | -18.67% | -43.87% | -51.06% | -39.89% | -17.14% | -27.87% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -1,432 | -1,361 | -1,450 | -1,604 | -1,664 | -1,753 | -1,767 | -1,754 | -1,752 | -1,736 | -1,775 | -1,604 | -1,541 | -1,500 | -1,435 | -1,536 | -1,487 | -1,454 | -1,415 | -1,274 |
Sale of Property, Plant & Equipment | - | - | - | - | - | - | - | - | - | - | - | 55 | 155 | 155 | 155 | 100 | 28 | 84 | 84 | 289 |
Divestitures | - | 333 | 333 | 333 | 333 | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,400 | 3,400 |
Investment in Securities | 107 | - | - | - | - | - | - | 40 | 197 | 197 | 197 | 157 | - | - | - | - | - | - | - | - |
Other Investing Activities | -3 | -43 | -38 | -18 | -19 | 21 | 18 | -7 | -5 | -3 | -4 | 2 | 1 | 44 | 39 | 32 | 27 | -17 | -11 | 1 |
Investing Cash Flow | -1,328 | -1,071 | -1,155 | -1,289 | -1,350 | -1,732 | -1,749 | -1,721 | -1,560 | -1,542 | -1,582 | -1,390 | -1,385 | -1,301 | -1,241 | -1,404 | -1,432 | -1,387 | 2,058 | 2,416 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | - | - | 998 | - | - | - | 2,495 | - | - | - | 1,995 | - | - | - | - | - | - | - | - | - |
Total Debt Issued | -566 | 22 | 998 | 998 | 1,564 | 1,474 | 2,495 | 2,495 | 1,727 | 2,495 | 1,995 | 1,995 | 2,763 | 1,995 | - | - | - | - | - | - |
Long-Term Debt Repaid | - | - | -1,500 | - | - | - | - | - | - | - | -1,050 | - | - | - | - | - | - | - | -2,236 | - |
Total Debt Repaid | -527 | -527 | -1,500 | -1,500 | -1,500 | -1,500 | - | - | -1,050 | -1,050 | -1,050 | -1,050 | - | - | - | - | - | -36 | -2,236 | -3,301 |
Net Debt Issued (Repaid) | -1,093 | -505 | -502 | -502 | 64 | -26 | 2,495 | 2,495 | 677 | 1,445 | 945 | 945 | 2,763 | 1,995 | - | - | - | -36 | -2,236 | -3,301 |
Repurchase of Common Stock | -860 | -1,270 | -1,663 | -1,648 | -1,692 | -1,845 | -2,572 | -2,477 | -2,380 | -2,027 | -1,552 | -1,698 | -1,847 | -1,958 | -1,554 | -2,043 | -2,253 | -2,075 | -3,739 | -2,757 |
Common Dividends Paid | -1,343 | -1,324 | -1,293 | -1,263 | -1,234 | -1,205 | -1,186 | -1,169 | -1,148 | -1,129 | -1,116 | -1,100 | -1,087 | -1,071 | -1,052 | -1,032 | -1,016 | -996 | -983 | -979 |
Other Financing Activities | -46 | -91 | -94 | -105 | -133 | -97 | -132 | -124 | -78 | -52 | -38 | -37 | -32 | -31 | -7 | -2 | 9 | 6 | -44 | -46 |
Financing Cash Flow | -3,342 | -3,190 | -3,552 | -3,518 | -2,995 | -3,173 | -1,395 | -1,275 | -2,929 | -1,763 | -1,761 | -1,890 | -203 | -1,065 | -2,613 | -3,077 | -3,260 | -3,101 | -7,002 | -7,083 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Cash Flow | 408 | 405 | 50 | -1,369 | -1,373 | -1,376 | 1,244 | 1,244 | -112 | 566 | 532 | 416 | 2,215 | 321 | -953 | -2,389 | -2,772 | -1,343 | -1,377 | -940 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 3,646 | 3,305 | 3,307 | 1,834 | 1,308 | 1,776 | 2,621 | 2,486 | 2,625 | 2,135 | 2,100 | 2,092 | 2,262 | 1,187 | 1,466 | 556 | 433 | 1,691 | 2,152 | 2,453 |
Free Cash Flow Growth (YoY) | 178.75% | 86.09% | 26.17% | -26.23% | -50.17% | -16.81% | 24.81% | 18.83% | 16.05% | 79.86% | 43.25% | 276.26% | 422.40% | -29.80% | -31.88% | -77.33% | -83.40% | -56.41% | -25.41% | -36.58% |
Free Cash Flow Margin | 8.50% | 7.80% | 7.88% | 4.48% | 3.23% | 4.40% | 6.39% | 6.07% | 6.44% | 5.32% | 5.34% | 5.41% | 5.97% | 3.20% | 4.00% | 1.58% | 1.24% | 4.79% | 6.03% | 6.59% |
Free Cash Flow Per Share | 25.54 | 23.08 | 23.00 | 12.69 | 9.00 | 12.15 | 17.79 | 16.73 | 17.51 | 14.14 | 13.82 | 13.68 | 14.71 | 7.67 | 9.42 | 3.55 | 2.74 | 10.62 | 13.38 | 15.03 |
Levered Free Cash Flow | 2,478 | 2,072 | 2,900 | 2,280 | 2,474 | 2,912 | 4,060 | 2,601 | 2,299 | 1,822 | 1,633 | 3,184 | 3,967 | 3,088 | 3,612 | 3,252 | 2,961 | 4,151 | 6,461 | 3,683 |
Unlevered Free Cash Flow | 2,890 | 2,491 | 3,316 | 2,687 | 2,880 | 3,306 | 4,448 | 2,969 | 2,654 | 2,173 | 1,973 | 3,520 | 4,291 | 3,402 | 3,928 | 3,577 | 3,291 | 4,484 | 6,808 | 4,047 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Income Tax Paid | 731 | 731 | 731 | 880 | 880 | 880 | 880 | 1,200 | 1,200 | 1,200 | 1,200 | 1,500 | 1,500 | 1,500 | 1,500 | 1,300 | 1,300 | 1,300 | 1,300 | 312 |
Change in Working Capital | -1,128 | -1,206 | -863 | -1,607 | -1,389 | -750 | 274 | -21 | -18 | -314 | -144 | -214 | 141 | -911 | -600 | -1,550 | -1,849 | -738 | 181 | 919 |