Stock Analysis on Net
Stock Analysis on Net

Northrop Grumman Corp. (NYSE:NOC)

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Northrop Grumman Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Trade accounts payable 5.91 5.16 4.06 5.42 5.80
Accrued employee compensation 4.70 4.68 4.49 4.54 4.45
Advance payments and billings in excess of costs incurred 8.25 7.11 5.66 5.44 5.09
Current portion of long-term debt 2.45 0.01 1.67 2.70 1.37
Other current liabilities 5.17 5.42 5.08 4.86 5.26
Liabilities of disposal group held for sale 0.00 0.00 0.58 0.00 0.00
Current liabilities 26.48% 22.38% 21.54% 22.96% 21.97%
Long-term debt, net of current portion 26.98 30.01 32.07 31.08 36.87
Pension and other postretirement benefit plan liabilities 2.72 7.68 14.61 16.99 15.28
Non-current operating lease liabilities 4.17 3.73 3.02 3.18 0.00
Deferred tax liabilities 0.30 1.15 0.00 0.00 0.29
Other non-current liabilities 4.36 4.69 4.97 4.33 3.84
Non-current liabilities 38.52% 47.26% 54.67% 55.58% 56.28%
Total liabilities 65.01% 69.64% 76.21% 78.54% 78.26%
Preferred stock, $1 par value; no shares issued and outstanding 0.00 0.00 0.00 0.00 0.00
Common stock, $1 par value 0.35 0.37 0.38 0.41 0.45
Paid-in capital 0.00 0.00 0.13 0.00 0.00
Retained earnings 34.99 30.33 23.57 21.29 21.43
Accumulated other comprehensive loss -0.35 -0.34 -0.29 -0.24 -0.14
Shareholders’ equity 34.99% 30.36% 23.79% 21.46% 21.74%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Northrop Grumman Corp. current liabilities as a percentage of total liabilities and shareholders’ equity increased from 2020 to 2021 and from 2021 to 2022.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Northrop Grumman Corp. non-current liabilities as a percentage of total liabilities and shareholders’ equity decreased from 2020 to 2021 and from 2021 to 2022.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Northrop Grumman Corp. total liabilities as a percentage of total liabilities and shareholders’ equity decreased from 2020 to 2021 and from 2021 to 2022.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Northrop Grumman Corp. shareholders’ equity as a percentage of total liabilities and shareholders’ equity increased from 2020 to 2021 and from 2021 to 2022.