Northrop Grumman 2011 Annual Report Download - page 2

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NORTHROP GRUMMAN 2011 ANNUAL REPORT
SELECTED FINANCIAL HIGHLIGHTS
* Non-GAAP measures
Non-GAAP definitions and reconciliations:
Adjusted cash provided by operations is cash
provided by operations as defined by GAAP
before the after-tax impact of discretionary
pension contributions of $648 million, $539
million, and $333 million for years 2011,
2010 and 2009, respectively.
Free cash flow is cash from operations less
capital expenditures and outsourcing contract
& related software costs. Free cash flow is
reconciled to cash from operations in the table
on page 49 of Part II, Item 7, “Liquidity and
Capital Resources,” in the Form 10-K included
in these materials.
Adjusted free cash flow is free cash flow
as defined and reconciled above before
the after-tax impact of discretionary
pension contributions of $648 million,
$539 million, and $333 million for years
2011, 2010 and 2009, respectively.
$26, 412$1.97
11
11
10
10
09
09
$28,14 3
$1.84
$2 7, 6 5 0$1.69
SALES
CASH DIVIDENDS
DECLARED
($ in millions )
$7.41
$2,503
11
11
10
10
09
09
$6.32
$2,010
$4.44$1,787
ADJUSTED FREE
CASH FLOW FROM
CONTINUING
OPERATIONS*
DILUTED EPS
FROM CONTINUING
OPERATIONS
($ in millions ) ( $ in millions )
$3,276
$2,995
11
11
10
10
09
09
$2,827
$2,595
$2,274
$2,328
ADJUSTED CASH
PROVIDED BY
CONTINUING
OPERATIONS*
OPERATING INCOME
(per common share )
($ in millions )