Northrop Grumman 2009 Annual Report Download - page 112

Download and view the complete annual report

Please find page 112 of the 2009 Northrop Grumman annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

2008
$ in millions, except per share 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
Sales and services revenues as previously reported $7,724 $8,628 $8,381 $ 9,154
Discontinued operations (372) (414) (407) (379)
Sales and services revenues $7,352 $8,214 $7,974 $ 8,775
Operating income (loss) as previously reported $ 464 $ 806 $ 771 $(2,152)
Discontinued operations (35) (41) (37) (39)
Operating income (loss) $ 429 $ 765 $ 734 $(2,191)
Earnings (loss) from continuing operations as previously
reported $ 263 $ 483 $ 509 $(2,536)
Discontinued operations (22) (26) (25) (25)
Earnings (loss) from continuing operations $ 241 $ 457 $ 484 $(2,561)
Net earnings (loss) $ 264 $ 495 $ 512 $(2,533)
Basic earnings (loss) per share from continuing operations
as previously reported $ 0.78 $ 1.42 $ 1.52 $ (7.76)
Discontinued operations (0.07) (0.07) (0.07) (0.07)
Basic earnings (loss) per share from continuing operations $ 0.71 $ 1.35 $ 1.45 $ (7.83)
Basic earnings (loss) per share $ 0.78 $ 1.46 $ 1.53 $ (7.75)
Diluted earnings (loss) per share from continuing operations
as previously reported $ 0.76 $ 1.40 $ 1.50 $ (7.76)
Discontinued operations (0.07) (0.07) (0.08) (0.07)
Diluted earnings (loss) per share from continuing operations $ 0.69 $ 1.33 $ 1.42 $ (7.83)
Diluted earnings (loss) per share $ 0.76 $ 1.44 $ 1.51 $ (7.75)
Significant 2008 Fourth Quarter Events – In the fourth quarter of 2008, the company recorded a non-cash, after-tax
charge of $3.1 billion for impairment of goodwill, a non-cash, after-tax adjustment to accumulated other
comprehensive loss of $2.9 billion for the change in funded status of pension and post-retirement benefits, and
made a $200 million voluntary pre-funding payment to the company’s pension plans.
-102-
NORTHROP GRUMMAN CORPORATION
eBP - v54508-i003_a.pdf - Page 106 of 124 - March 11, 2010 - 20:02:40