Northrop Grumman 2012 Annual Report Download - page 33

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NORTHROP GRUMMAN CORPORATION
-23-
Item 6. Selected Financial Data
The data presented in the following table is derived from the audited consolidated financial statements and other
information, all adjusted to reflect the effects of discontinued operations. See also Other Matters – Business
Dispositions in Part II, Item 7.
Selected Financial Data
Year Ended December 31
$ in millions, except per share amounts 2012 2011 2010 2009 2008
Sales
U.S. Government $22,708 $23,905 $25,507 $24,955 $23,274
Other customers 2,510 2,507 2,636 2,695 2,977
Total sales 25,218 26,412 28,143 27,650 26,251
Operating income 3,130 3,276 2,827 2,274 2,076
Earnings from continuing operations 1,978 2,086 1,904 1,434 1,018
Basic earnings per share, from continuing operations $ 7.96 $ 7.54 $ 6.41 $ 4.49 $ 3.04
Diluted earnings per share, from continuing operations 7.81 7.41 6.32 4.44 2.98
Cash dividends declared per common share 2.15 1.97 1.84 1.69 1.57
Year-End Financial Position
Total assets $26,543 $25,411 $31,410 $30,297 $30,077
Notes payable to banks and long-term debt 3,935 3,948 4,724 4,011 3,661
Total long-term obligations and preferred stock(1) 10,973 8,940 7,947 8,959 8,926
Financial Metrics
Cash provided by continuing operations $ 2,640 $ 2,347 $ 2,056 $ 1,995 $ 2,705
Free cash flow from continuing operations(2) 2,309 1,855 1,471 1,454 2,132
Other Information
Company-sponsored research and development expenses $ 520 $ 543 $ 580 $ 588 $ 543
Total backlog 40,809 39,515 46,842 48,741 54,062
Square footage at year-end (in thousands) 35,053 37,397 38,218 37,990 39,962
Number of employees at year-end 68,100 72,500 79,600 81,800 81,418
(1) In 2008, all of the outstanding shares of preferred stock were converted or redeemed. Total long-term
obligations includes the long-term portions of debt, pension and post-retirement plan liabilities, environmental
liabilities, deferred compensation and other long-term obligations.
(2) Free cash flow from continuing operations is a non-GAAP financial measure and is calculated as cash
provided by continuing operations less capital expenditures. See Liquidity and Capital Resources – Free Cash
Flow from Continuing Operations in Part II, Item 7 for more information on this measure.