HUNTINGTON INGALLS INDUSTRIES, INC.

10-K & 10-Q Filings

Huntington Ingalls Industries, Inc. (HII) is a global defense company based in Newport News, Virginia, with over 44,000 employees. The company operates through three segments: Ingalls, Newport News, and Mission Technologies. Ingalls specializes in designing, building, and repairing non-nuclear ships for the U.S. Navy and U.S. Coast Guard, including amphibious assault ships, expeditionary warfare ships, and national security cutters. Ingalls is the sole builder of large deck amphibious assault ships and expeditionary warfare ships for the U.S. Navy and the sole builder of large multi-mission national security cutters for the U.S. Coast Guard. The company's website is [www.huntingtoningalls.com](http://www.huntingtoningalls.com), and its ticker symbol is HII on the New York Stock Exchange. Newport News focuses on designing, constructing, refueling, and overhauling nuclear-powered aircraft carriers and submarines for the U.S. Navy and other federal agencies. The segment is the exclusive prime contractor for nuclear aircraft carrier refueling and complex overhaul, and it designs and builds nuclear-powered submarines in partnership with Electric Boat Corporation. Newport News' website is [www.newportnews.org](http://www.newportnews.org), and its ticker symbol is HII on the New York Stock Exchange. Mission Technologies develops integrated technology solutions and products for the defense industry, including command, control, computers, communications, cyber, intelligence, surveillance, and reconnaissance systems, defensive and offensive cyberspace strategies, live, virtual, constructive training solutions, unmanned autonomous systems, fleet sustainment, and critical nuclear operations. The segment's website is [www.huntingtoningalls.com/mission-technologies](http://www.huntingtoningalls.com/mission-technologies), and its ticker symbol is HII on the New York Stock Exchange. Huntington Ingalls Industries generates most of its revenues from the U.S. Navy and other federal agencies, primarily through long-term contracts. The company's business strategy is to provide innovative and cost-effective solutions to meet the evolving needs of its customers while maintaining a strong focus on quality and compliance.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$6575.00
6708.00
6820.00
6957.00
7020.00
7068.00
7441.00
8176.00
8899.00
9361.00
9524.00
10676.00
11454.00
2674.00
2805.00
4.73%4.90%Cost of Revenue (-)
$5551.00
5629.00
5583.00
5540.00
5517.00
5608.00
6018.00
6385.00
7368.00
7691.00
8156.00
9236.00
9808.00
2324.00
2430.00
4.86%4.56%Gross Profit (+)
$1024.00
1079.00
1237.00
1417.00
1503.00
1460.00
1423.00
1791.00
1531.00
1670.00
1368.00
1440.00
1646.00
350.00
375.00
4.03%7.14%Selling, General & Administrative (-)
$624.00
739.00
739.00
726.00
669.00
623.00
570.00
871.00
788.00
904.00
898.00
924.00
1022.00
220.00
232.00
4.20%5.45%Non-recurring Operating Expenses (-)
$290.00
47.00
75.00
29.00
Operating Expenses (-)
$914.00
739.00
739.00
773.00
744.00
623.00
570.00
871.00
817.00
904.00
898.00
924.00
1022.00
221.00
233.00
0.94%5.43%Costs & Expenses (Total) (-)
$6465.00
6368.00
6322.00
6313.00
6261.00
6231.00
6588.00
7256.00
8185.00
8595.00
9054.00
10160.00
10830.00
2545.00
2663.00
4.39%4.64%Operating Income/Loss (+)
$110.00
358.00
512.00
655.00
769.00
858.00
865.00
951.00
736.00
799.00
513.00
565.00
781.00
141.00
154.00
17.74%9.22%Non-operating Income/Expense (+)
$
18.00
14.00
12.00
10.00
6.00
13.00
95.00
39.00
157.00
239.00
304.00
204.00
21.00
19.00
-9.52%Interest Expense (-)
$104.00
117.00
118.00
149.00
137.00
74.00
94.00
58.00
70.00
114.00
89.00
102.00
95.00
24.00
21.00
-0.75%-12.50%Earnings before Tax (+)
$6.00
241.00
394.00
507.00
632.00
784.00
772.00
971.00
683.00
810.00
622.00
719.00
853.00
163.00
184.00
51.15%12.88%Tax Expense (-)
$100.00
95.00
133.00
169.00
228.00
211.00
293.00
135.00
134.00
114.00
78.00
140.00
172.00
34.00
31.00
4.62%-8.82%Income/Loss (Continuing Operations) (+)
$-94.00
146.00
261.00
338.00
404.00
573.00
479.00
836.00
549.00
696.00
544.00
579.00
681.00
129.00
153.00
18.60%Net Income/Loss (+)
$-94.00
146.00
261.00
338.00
404.00
573.00
479.00
836.00
549.00
696.00
544.00
579.00
681.00
129.00
153.00
18.60%Net Income/Loss (Common) (+)
$-94.00
146.00
261.00
338.00
404.00
573.00
479.00
836.00
549.00
696.00
544.00
579.00
681.00
129.00
153.00
18.60%EPS (Basic)
$-1.93
2.96
5.25
6.93
8.43
12.24
10.48
19.09
13.26
17.14
13.50
14.44
17.07
3.23
3.87
19.81%EPS (Diluted)
$-1.93
2.91
5.18
6.86
8.36
12.14
10.46
19.09
13.26
17.14
13.50
14.44
17.07
3.23
3.87
19.81%Weighted Avg Shares (Basic)
48.80
49.40
49.70
48.80
47.90
46.80
45.70
43.80
41.40
40.60
40.30
40.10
39.90
39.90
39.50
-1.66%-1.00%Weighted Avg Shares (Diluted)
48.80
50.10
50.40
49.30
48.30
47.20
45.80
43.80
41.40
40.60
40.30
40.10
39.90
39.90
39.50
-1.66%-1.00%Cash
$915.00
1057.00
1043.00
990.00
894.00
720.00
701.00
240.00
75.00
512.00
627.00
467.00
430.00
318.00
10.00
-6.10%-96.86%Receivables
$711.00
905.00
1123.00
1038.00
1074.00
1164.00
1188.00
252.00
318.00
397.00
433.00
636.00
461.00
755.00
718.00
-3.55%-4.90%Prepaid Expenses (Current)
$30.00
21.00
29.00
50.00
31.00
48.00
123.00
122.00
24.00
45.00
50.00
50.00
83.00
78.00
105.00
8.85%34.62%Other Assets (Current)
$612.00
501.00
481.00
468.00
285.00
210.00
183.00
1131.00
1368.00
1490.00
1680.00
1593.00
1906.00
1601.00
2000.00
9.93%24.92%Assets (Current)
$2268.00
2484.00
2676.00
2546.00
2284.00
2142.00
2195.00
1745.00
1785.00
2444.00
2790.00
2746.00
2880.00
2752.00
2833.00
2.01%2.94%Property, Plant & Equipment (Net)
$2033.00
2034.00
1897.00
1792.00
1827.00
1986.00
2215.00
2517.00
2832.00
2978.00
3107.00
3198.00
3296.00
3446.00
3549.00
4.11%2.99%Accumulated Depreciation
$1160.00
1313.00
1404.00
1351.00
1489.00
1627.00
1770.00
1829.00
1961.00
2024.00
2149.00
2319.00
2467.00
6.49%Goodwill & Intangibles
$1411.00
1429.00
1409.00
1573.00
1451.00
1782.00
1725.00
1755.00
1865.00
2129.00
3787.00
3637.00
3509.00
3605.00
3482.00
7.89%-3.41%Other Assets
$289.00
445.00
243.00
358.00
462.00
442.00
239.00
366.00
348.00
414.00
702.00
994.00
1268.00
1046.00
1303.00
13.11%24.57%Assets (Non-current)
$3733.00
3908.00
3549.00
3723.00
3740.00
4210.00
4179.00
4638.00
5246.00
5713.00
7837.00
8111.00
8335.00
8097.00
8334.00
6.92%2.93%Assets (Total)
$6001.00
6392.00
6225.00
6269.00
6024.00
6352.00
6374.00
6383.00
7031.00
8157.00
10627.00
10857.00
11215.00
10849.00
11167.00
5.35%2.93%Accounts Payable
$380.00
377.00
337.00
269.00
317.00
316.00
375.00
562.00
497.00
460.00
603.00
642.00
554.00
505.00
608.00
3.19%20.40%Debt (Current)
$29.00
51.00
79.00
108.00
399.00
231.00
399.00
18.88%Other Liabilities (Current)
$963.00
956.00
976.00
935.00
957.00
1027.00
1016.00
1267.00
1393.00
1766.00
1824.00
1854.00
2247.00
1963.00
2340.00
7.32%19.21%Liabilities (Current)
$1372.00
1384.00
1392.00
1312.00
1274.00
1343.00
1391.00
1829.00
1890.00
2226.00
2427.00
2895.00
3032.00
2867.00
2948.00
6.83%2.83%Debt (Non-current)
$1830.00
1779.00
1700.00
1592.00
1273.00
1278.00
1279.00
1283.00
1450.00
1686.00
3298.00
2506.00
2214.00
2498.00
2235.00
1.60%-10.53%Other Liabilities
$1927.00
2562.00
1612.00
2000.00
1987.00
2078.00
1946.00
1755.00
2103.00
2344.00
2094.00
1967.00
1876.00
1921.00
1858.00
-0.22%-3.28%Liabilities (Non-current)
$3757.00
4341.00
3312.00
3592.00
3260.00
3356.00
3225.00
3038.00
3553.00
4030.00
5392.00
4473.00
4090.00
4419.00
4093.00
0.71%-7.38%Liabilities (Total)
$5129.00
5725.00
4704.00
4904.00
4534.00
4699.00
4616.00
4867.00
5443.00
6256.00
7819.00
7368.00
7122.00
7286.00
7041.00
2.77%-3.36%Treasury Stock
$
1.00
120.00
258.00
492.00
684.00
972.00
1760.00
1974.00
2058.00
2159.00
2211.00
2286.00
2220.00
2349.00
5.81%Retained Earnings
$-141.00
236.00
525.00
848.00
1323.00
1687.00
2609.00
3009.00
3533.00
3891.00
4276.00
4755.00
4354.00
4855.00
11.51%AOCI
$-849.00
-1226.00
-521.00
-862.00
-845.00
-951.00
-900.00
-1288.00
-1409.00
-1547.00
-923.00
-599.00
-422.00
-596.00
-419.00
29.70%Shareholder's Equity
$872.00
667.00
1521.00
1365.00
1490.00
1653.00
1758.00
1516.00
1588.00
1901.00
2808.00
3489.00
4093.00
3563.00
4126.00
13.75%15.80%Liabilities & Equity
$6001.00
6392.00
6225.00
6269.00
6024.00
6352.00
6374.00
6383.00
7031.00
8157.00
10627.00
10857.00
11215.00
10849.00
11167.00
5.35%2.93%Net Income/Loss
$-94.00
146.00
261.00
338.00
404.00
573.00
479.00
836.00
549.00
696.00
544.00
579.00
681.00
129.00
153.00
18.60%Depreciation & Amortization
$170.00
174.00
235.00
205.00
188.00
191.00
211.00
207.00
230.00
254.00
301.00
366.00
355.00
89.00
82.00
6.33%-7.87%Increase/Decrease in Working Capital
$-99.00
282.00
329.00
18.00
-96.00
-36.00
-54.00
156.00
39.00
-69.00
214.00
249.00
-15.00
233.00
443.00
90.13%Share-based Compensation
$42.00
41.00
44.00
34.00
43.00
36.00
34.00
36.00
30.00
23.00
33.00
36.00
34.00
12.00
14.00
-1.75%16.67%Adjustments to Reconcile Net Income
$622.00
186.00
-25.00
378.00
424.00
249.00
335.00
78.00
347.00
397.00
216.00
187.00
289.00
-138.00
-355.00
-6.19%-157.25%Net Cash (Operating)
$528.00
332.00
236.00
716.00
828.00
822.00
814.00
914.00
896.00
1093.00
760.00
766.00
970.00
-9.00
-202.00
5.20%-2144.44%Capital Expenditure
$197.00
162.00
139.00
437.00
162.00
653.00
370.00
527.00
725.00
770.00
1974.00
284.00
292.00
43.00
75.00
3.33%74.42%Net Cash (Investing)
$-197.00
-162.00
-81.00
-437.00
-141.00
-653.00
-349.00
-476.00
-627.00
-759.00
-1954.00
-268.00
-236.00
-60.00
-71.00
-18.33%Increase/Decrease in Debt
$799.00
-29.00
-51.00
-79.00
-395.00
95.00
5119.00
785.00
1625.00
-376.00
-480.00
-10.00
14.00
240.00%Increase/Decrease in Equity
$-52.00
6.00
-117.00
-148.00
-253.00
-194.00
-298.00
-742.00
-262.00
-97.00
-123.00
-52.00
-75.00
-9.00
-62.00
-588.89%Interest Expenses
$64.00
111.00
109.00
113.00
96.00
71.00
72.00
62.00
75.00
89.00
76.00
100.00
101.00
12.00
10.00
3.88%-16.67%Dividends Paid
$1429.00
5.00
25.00
49.00
81.00
98.00
115.00
132.00
149.00
172.00
186.00
192.00
200.00
49.00
51.00
-15.11%4.08%Net Cash (Financing)
$584.00
-28.00
-169.00
-332.00
-783.00
-343.00
-484.00
-899.00
-434.00
103.00
1309.00
-658.00
-771.00
-80.00
-147.00
-83.75%Cash Taxes Paid
$46.00
28.00
154.00
161.00
242.00
229.00
223.00
142.00
137.00
155.00
33.00
127.00
330.00
17.85%Increase/Decrease in Cash
$915.00
142.00
-14.00
-53.00
-96.00
-174.00
-19.00
-461.00
-165.00
437.00
115.00
-160.00
-37.00
-149.00
-420.00
-181.88%Cash (Beginning)
$
915.00
1057.00
1043.00
990.00
894.00
720.00
701.00
240.00
75.00
512.00
627.00
467.00
467.00
430.00
-7.92%Cash (Ending)
$915.00
1057.00
1043.00
990.00
894.00
720.00
701.00
240.00
75.00
512.00
627.00
467.00
430.00
318.00
10.00
-6.10%-96.86%NOPAT
$-733.33
316.41
311.88
447.00
474.54
607.39
615.14
811.92
588.37
646.10
485.78
465.20
478.85
111.59
128.05
14.76%Gross Margin %
15.57%
16.09%
18.14%
20.37%
21.41%
20.66%
19.12%
21.91%
17.20%
17.84%
14.36%
13.49%
14.37%
13.09%
13.37%
Operating Margin %
1.67%
5.34%
7.51%
9.41%
10.95%
12.14%
11.62%
11.63%
8.27%
8.54%
5.39%
5.29%
6.82%
5.27%
5.49%
NOPAT Margin %
-11.15%
4.72%
4.57%
6.43%
6.76%
8.59%
8.27%
9.93%
6.61%
6.90%
5.10%
4.36%
4.18%
4.17%
4.57%
Net Margin %
-1.43%
2.18%
3.83%
4.86%
5.75%
8.11%
6.44%
10.23%
6.17%
7.44%
5.71%
5.42%
5.95%
4.82%
5.45%
Tax Rate %
766.67%
11.62%
39.09%
31.76%
38.29%
29.21%
28.89%
14.62%
20.06%
19.14%
5.31%
17.66%
38.69%
20.86%
16.85%
ROA
-12.22%
4.95%
5.01%
7.13%
7.88%
9.56%
9.65%
12.72%
8.37%
7.92%
4.57%
4.28%
4.27%
1.03%
1.15%
ROE
-84.10%
47.44%
20.50%
32.75%
31.85%
36.74%
34.99%
53.56%
37.05%
33.99%
17.30%
13.33%
11.70%
3.13%
3.10%
ROIC
-18.42%
7.52%
7.23%
10.13%
11.06%
12.50%
12.14%
22.00%
15.01%
13.69%
7.49%
7.25%
7.85%
1.67%
2.10%
Asset Turnover
1.10
1.05
1.10
1.11
1.17
1.11
1.17
1.28
1.27
1.15
0.90
0.98
1.02
0.25
0.25
Equity Multiplier
6.88
9.58
4.09
4.59
4.04
3.84
3.63
4.21
4.43
4.29
3.78
3.11
2.74
3.04
2.71
Current Ratio
1.65
1.79
1.92
1.94
1.79
1.59
1.58
0.95
0.94
1.10
1.15
0.95
0.95
0.96
0.96
Quick Ratio
1.19
1.42
1.56
1.55
1.54
1.40
1.36
0.27
0.21
0.41
0.44
0.38
0.29
0.37
0.25
Debt/Equity Ratio
2.13
2.74
1.17
1.25
0.85
0.77
0.73
0.85
0.91
0.89
1.17
0.83
0.60
0.81
0.54
Interest Coverage Ratio
1.72
3.23
4.70
5.80
8.01
12.08
12.01
15.34
9.81
8.98
6.75
5.65
7.73
11.75
15.40
Working Capital/Sales
0.08
0.11
0.15
0.15
0.14
0.15
0.15
-0.07
-0.09
-0.04
-0.04
-0.04
-0.06
-0.14
-0.34
Dividend Payout Ratio %
194.86%
1.58%
8.02%
10.96%
17.07%
16.13%
18.70%
16.26%
25.32%
26.62%
38.29%
41.27%
41.77%
43.91%
39.83%
Total Payout
$746.00
139.00
302.00
389.00
825.00
363.00
485.00
841.00
-4633.00
-427.00
-1240.00
720.00
856.00
80.00
109.00
1.15%36.25%Payout Ratio %
101.73%
43.93%
96.83%
87.02%
173.85%
59.76%
78.84%
103.58%
-787.43%
-66.09%
-255.26%
154.77%
178.76%
71.69%
85.12%