Northrop Grumman 2013 Annual Report Download - page 34

Download and view the complete annual report

Please find page 34 of the 2013 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 104

  • 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

NORTHROP GRUMMAN CORPORATION
-24-
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 2013 2012 2011 2010 2009
Sales
U.S. Government $21,278 $22,268 $23,432 $25,061 $24,423
Other customers(1) 3,383 2,950 2,980 3,082 3,227
Total sales 24,661 25,218 26,412 28,143 27,650
Operating income 3,123 3,130 3,276 2,827 2,274
Earnings from continuing operations 1,952 1,978 2,086 1,904 1,434
Basic earnings per share, from continuing operations $ 8.50 $ 7.96 $ 7.54 $ 6.41 $ 4.49
Diluted earnings per share, from continuing operations 8.35 7.81 7.41 6.32 4.44
Cash dividends declared per common share 2.38 2.15 1.97 1.84 1.69
Year-End Financial Position
Total assets $26,381 $26,543 $25,411 $31,410 $30,297
Notes payable to banks and long-term debt 5,930 3,935 3,948 4,724 4,011
Total long-term obligations(2) 9,946 10,973 8,940 7,947 8,959
Financial Metrics
Cash provided by continuing operations $ 2,483 $ 2,640 $ 2,347 $ 2,056 $ 1,995
Free cash flow from continuing operations(3) 2,119 2,309 1,855 1,471 1,454
Other Information
Company-sponsored research and development expenses $ 507 $ 520 $ 543 $ 580 $ 588
Total backlog 37,033 40,809 39,515 46,842 48,741
Square footage at year-end (in thousands) 34,500 35,053 37,397 38,218 37,990
Number of employees at year-end 65,300 68,100 72,500 79,600 81,800
(1) Other customer sales includes foreign military sales.
(2) Total long-term obligations includes the long-term portions of debt, pension and other post-retirement benefit
plan liabilities, deferred compensation, unrecognized tax benefits, environmental liabilities and other long-
term obligations.
(3) 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.