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    Huntington Ingalls Industries Inc (HII)

    Financials

    Updated May 1, 2025, 5:31 PM UTC
    Income Statement - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Product sales (USD, millions)2,121.007,6641,7871,926.001,761.001,990.007,4641,713
    Service revenues (USD, millions)1,056.003,7901,051.00988.001,014.004,0711,021
    Sales and service revenues (USD, millions)3,177.0011,4542,8052,977.002,749.003,004.0011,5352,734
    Cost of product sales (USD, millions)1,756.006,4671,5371,627.001,556.001,780.006,5001,451
    Cost of service revenues (USD, millions)930.003,341893918.00871.00903.003,585889
    Income from operating investments, net (USD, millions)12.00371211.0012.0014.004913
    Other income and gains, net (USD, millions)-120(1)---90
    General and administrative expenses (USD, millions)311.001,022232255.00252.00234.00973246
    Operating income (USD, millions)312.00781154189.00110.00535161
    Interest expense (USD, millions)(25.00)(95)(21)(24.00)(23.00)(27.00)(95)(28)
    Non-operating retirement benefit (USD, millions)37.001484446.0044.0045.0017948
    Other, net (USD, millions)8.001975.009.003.00246
    Earnings before income taxes (USD, millions)332.00853184216.00112.00131.00643187
    Federal and foreign income taxes (USD, millions)58.001723143.0011.008.009338
    Net earnings (USD, millions)274.00681153173.00123.00149
    Basic earnings per share (USD)6.8917.073.874.383.1513.963.79
    Weighted-average common shares outstanding (Millions)(0.10)39.939.50.000.00(0.10)39.439.3
    Diluted earnings per share (USD)6.8917.073.874.382.563.1513.963.79
    Weighted-average diluted shares outstanding (Millions)(0.10)39.939.50.000.00(0.10)39.439.3
    Change in unamortized benefit plan costs (USD, millions)225.0023854.005.00514.005281
    Tax expense for items of other comprehensive income (USD, millions)(57.00)(61)(2)0.00(2.00)(130.00)(134)0
    Other comprehensive income, net of tax (USD, millions)168.0017734.003.00384.003941
    Comprehensive income (USD, millions)442.00858156177.00104.00507.00944150
    Balance Sheet - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Trade accounts payable (USD, millions)554554608652579598598602
    Accrued employees’ compensation (USD, millions)382382342354345392392327
    Current portion of long-term debt (USD, millions)231231203898503503503
    Current portion of postretirement plan liabilities (USD, millions)129129129129129124124124
    Current portion of workers’ compensation liabilities (USD, millions)224224225225224201201204
    Contract liabilities (USD, millions)1,0631,063936886743774774647
    Other current liabilities (USD, millions)449449505375418399399449
    Total current liabilities (USD, millions)3,0323,0322,9483,5633,3362,9912,9912,856
    Long-term debt (USD, millions)2,2142,2142,2351,7151,7092,7002,699
    Pension plan liabilities (USD, millions)212212214216219142142142
    Other postretirement plan liabilities (USD, millions)241241239235232209209205
    Workers’ compensation liabilities (USD, millions)449449451451448443443450
    Long-term operating lease liabilities (USD, millions)228228217224213205205204
    Deferred tax liabilities (USD, millions)367367351341316378378367
    Other long-term liabilities (USD, millions)379379386387406407407407
    Total liabilities (USD, millions)7,1227,1227,0417,1326,8797,4757,4757,330
    Common stock (USD, millions)11111111
    Additional paid-in capital (USD, millions)2,0452,0452,0382,0292,0372,0452,0452,057
    Retained earnings (USD, millions)4,7554,7554,8554,9775,0265,0975,0975,191
    Treasury stock (USD, millions)(2,286)(2,286)(2,349)(2,414)(2,449)(2,449)(2,449)(2,449)
    Accumulated other comprehensive loss (USD, millions)(422)(422)(419)(415)(412)(28)(28)(27)
    Total stockholders’ equity (USD, millions)4,0934,0934,1264,1784,2034,6664,6664,773
    Total liabilities and stockholders’ equity (USD, millions)11,21511,21511,16711,31011,08212,14112,14112,103
    Accounts receivable, net (USD, millions)461461718706436212212387
    Contract assets (USD, millions)1,5371,5371,6611,6941,7141,6831,6832,017
    Inventoried costs, net (USD, millions)186186199198205208208215
    Income taxes receivable (USD, millions)183183140197173204204151
    Prepaid expenses and other current assets (USD, millions)8383105106919090105
    Total current assets (USD, millions)2,8802,8802,8332,9122,6293,2283,2283,042
    Property, plant, and equipment, net (USD, millions)3,2963,2963,2983,3423,3843,4503,4503,540
    Operating lease assets (USD, millions)262262251259249239239241
    Goodwill (USD, millions)2,6182,6182,6182,6182,6182,6182,6182,651
    Other intangible assets, net (USD, millions)891891864837809782782757
    Pension plan assets (USD, millions)8888889209529851,4221,4221,457
    Miscellaneous other assets (USD, millions)380380383390408402402415
    Total assets (USD, millions)11,21511,21511,16711,31011,08212,14112,103
    Cash Flow - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net Earnings (USD, millions)274.00681153173.00101.00123.00550149
    Depreciation (USD, millions)56.002195353.0054.0057.0021754
    Amortization of Purchased Intangibles (USD, millions)32.001282727.0028.0027.0010925
    Other Non-Cash Transactions, Net (USD, millions)5.00153(1.00)5.003.00103
    Stock-Based Compensation (USD, millions)7.003414(7.00)8.008.002324
    Deferred Income Taxes (USD, millions)(32.00)(113)(17)(11.00)(27.00)(67.00)(122)(11)
    Loss (Gain) on Investments in Marketable Securities (USD, millions)(13.00)(23)(8)(3.00)(11.00)0.00(22)(3)
    Change in Accounts Receivable (USD, millions)230.00168(253)14.00270.00225.00256(175)
    Change in Contract Assets (USD, millions)(237.00)(297)(124)(33.00)(20.00)31.00(146)(334)
    Change in Inventoried Costs (USD, millions)9.00(3)(13)1.00(7.00)(3.00)(22)(7)
    Change in Prepaid Expenses and Other Current Assets (USD, millions)24.00(42)25(63.00)29.00(24.00)(33)44
    Change in Accounts Payable and Accruals (USD, millions)219.00264(34)(130.00)(190.00)39.00(315)(126)
    Change in Retiree Benefits (USD, millions)(20.00)(75)(27)(30.00)(27.00)(28.00)(112)(38)
    Net Cash Used in Operating Activities (USD, millions)--(202)----(395)
    Capital Expenditure Additions (USD, millions)(128.00)(292)(75)(90.00)(88.00)(114.00)(367)(67)
    Grant Proceeds for Capital Expenditures (USD, millions)0.001430.0011.000.00140
    Other Investing Activities, Net (USD, millions)1.0031(1.00)1.004.0050
    Net Cash Used in Investing Activities (USD, millions)(125.00)(236)(71)(91.00)(76.00)(110.00)(348)(199)
    Repayment of Long-Term Debt (USD, millions)(25.00)(480)(145)(84.00)0.000.00(229)0
    Proceeds from Line of Credit Borrowings (USD, millions)--420.00--420
    Repayment of Line of Credit Borrowings (USD, millions)--(20)(22.00)--(42)0
    Net Borrowings on Commercial Paper (USD, millions)--117323.00(44.00)--0
    Dividends Paid (USD, millions)(51.00)(200)(51)(51.00)(52.00)(52.00)(206)(53)
    Repurchases of Common Stock (USD, millions)(38.00)(75)(62)(65.00)(35.00)0.00(162)0
    Employee Taxes on Certain Share-Based Payment Arrangements (USD, millions)0.00(13)(25)0.000.000.00(25)(14)
    Other Financing Activities, Net (USD, millions)(2.00)(3)(3)0.000.00(2.00)(5)(3)
    Net Cash Used in Financing Activities (USD, millions)(116.00)(771)(147)101.00(138.00)--(70)
    Change in Cash and Cash Equivalents (USD, millions)321.00(37)(420)1.00(1.00)821.00401(664)
    Cash Paid for Interest (USD, millions)38.001011041.0015.0035.001018
    Capital Expenditures Accrued in Accounts Payable (USD, millions)23.002963.003.0011.002316
    Cash and Cash Equivalents, Beginning of Period (USD, millions)467467430430430430430831
    Cash and Cash Equivalents, End of Period (USD, millions)430430101110831831167
    Revenue by Segment - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Ingalls82,7526557126647362,767637
    Newport News1,6656,1331,4341,5351,4121,5885,9691,396
    Mission Technologies7452,6997507657097132,937735
    Technical Solutions--------
    Other--------
    Intersegment Eliminations-33-130-34-35-36-33-138$(34)
    Product Sales2,1217,6641,7871,9261,7611,997,4641,713
    Service Revenues1,0563,7901,0181,0519881,0144,0711,021
    Firm Fixed-Price873288588841-99
    Fixed-Price Incentive1,6555,8671,3761,4451,3241,408-1,294
    Cost-Type1,3835,0451,3021,3991,2951,452-1,303
    Time and Materials5221442454644-38
    Federal-11,4302,8032,974---2,730
    Commercial-2322---4
    State and Local-1-1----
    - Amphibious Assault Ships--352---Lower volumes332
    - Surface Combatants--300---Higher volumes299
    - Other (Ingalls)--3---Includes NSC program6
    - Aircraft Carriers--792---Lower volumes758
    - Submarines--516---Higher volumes516
    - Other (Newport News)--126---Includes naval nuclear support services122
    - C5ISR, CEW&S, LVC--626---Higher volumes628
    - Other (Mission Tech)--124---Includes fleet sustainment and other services107
    Total Revenue3,17711,4542,8052,9772,7493,00411,5352,734
    KPIs - Metric (Unit, Scale)FY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Gross favorable adjustments related to cumulative catch-up revenue ($ in millions)-309558336---
    Gross unfavorable adjustments related to cumulative catch-up revenue ($ in millions)-1915359108---
    Net cumulative catch-up revenue adjustments (Total) ($ in millions)-118224-72---
    Net cumulative catch-up revenue adjustments for Ingalls ($ in millions)-911361---
    Net cumulative catch-up revenue adjustments for Newport News ($ in millions)--(12)10(78)---
    Net cumulative catch-up revenue adjustments for Mission Technologies ($ in millions)-18185---
    Funded backlog at Ingalls ($ in millions)-12,54613,13313,91714,143---
    Unfunded backlog at Ingalls ($ in millions)--------
    Total backlog at Ingalls ($ in millions)--------
    Funded backlog at Newport News ($ in millions)--------
    Unfunded backlog at Newport News ($ in millions)-15,34916,07515,46815,627---
    Total backlog at Newport News ($ in millions)--------
    Funded backlog at Mission Technologies ($ in millions)-1,5451,6921,5211,887---
    Unfunded backlog at Mission Technologies ($ in millions)-3,5903,3283,3923,882---
    Total backlog at Mission Technologies ($ in millions)-5,1355,0204,9135,769---
    Funded backlog for the entire company ($ in millions)-25,98126,95727,44427,666---
    Unfunded backlog for the entire company ($ in millions)-22,14021,46221,09221,753---
    Total backlog for the entire company ($ in millions)-48,12148,41948,53649,419---
    Free cash flow ($ in millions)-692-274-373-237---