Northrop Grumman 2014 Annual Report Download - page 31

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NORTHROP GRUMMAN CORPORATION
-22-
Item 6. Selected Financial Data
The data presented in the following table is derived from the audited consolidated financial statements and other
information. 2011 and 2010 data is adjusted to reflect the effects of discontinued operations.
SELECTED FINANCIAL DATA
Year Ended December 31
$ in millions, except per share amounts 2014 2013 2012 2011 2010
Sales
U.S. Government $20,085 $21,278 $22,268 $23,432 $25,061
Other customers(1) 3,894 3,383 2,950 2,980 3,082
Total sales 23,979 24,661 25,218 26,412 28,143
Operating income 3,196 3,123 3,130 3,276 2,827
Earnings from continuing operations 2,069 1,952 1,978 2,086 1,904
Basic earnings per share, from continuing operations $ 9.91 $ 8.50 $ 7.96 $ 7.54 $ 6.41
Diluted earnings per share, from continuing operations 9.75 8.35 7.81 7.41 6.32
Cash dividends declared per common share 2.71 2.38 2.15 1.97 1.84
Year-End Financial Position
Total assets $26,572 $26,381 $26,543 $25,411 $31,410
Notes payable to banks and long-term debt 5,928 5,930 3,935 3,948 4,724
Other long-term obligations(2) 7,520 4,018 7,043 5,005 4,007
Financial Metrics
Net cash provided by continuing operations $ 2,593 $ 2,483 $ 2,640 $ 2,347 $ 2,056
Free cash flow from continuing operations(3) 2,032 2,119 2,309 1,855 1,471
Other Information
Company-sponsored research and development expenses $ 569 $ 507 $ 520 $ 543 $ 580
Total backlog 38,199 37,033 40,809 39,515 46,842
Square footage at year-end (in thousands) 34,264 34,500 35,053 37,397 38,218
Number of employees at year-end 64,300 65,300 68,100 72,500 79,600
(1) Other customer sales include foreign military sales.
(2) Other long-term obligations include 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 in Part II, Item 7 for more information on this measure.