HII FY 2013 Earnings Report — Huntington Ingalls Industries, Inc. Revenue & Financial Results | Market Cap Arena

Huntington Ingalls Industries, Inc.HII

FY 2013 Earnings

Reported February 27, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$6.8B	—	$6.7B	—	1.7%
Op. Income	$499M	—	$340M	—	46.6%
Gross Margin	18.1%	—	16.1%	—	2.1pp
Net Margin	3.8%	—	2.2%	—	1.7pp
EPS (Diluted)	$5.18	—	$2.91	—	78.0%
Free Cash Flow	$97M	—	$170M	—	-42.9%

Revenue Flow

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$739M
SG&A Expenses	$739M
Other Expenses	$0
Operating Expenses	$738M
Cost & Expenses	$6.3B
OPERATING INCOME	$499M
Interest Income	$0
Interest Expense	$118M
Other Income/Expenses	-$105M
INCOME BEFORE TAX	$394M
Income Tax Expense	$133M
Net Income from Continuing Ops	$261M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$261M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$261M
D&A	$226M
EBIT	$512M
EBITDA	$738M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$739M
SG&A Expenses	$739M
Other Expenses	$0
Operating Expenses	$738M
Cost & Expenses	$6.3B
OPERATING INCOME	$499M
Interest Income	$0
Interest Expense	$118M
Other Income/Expenses	-$105M
INCOME BEFORE TAX	$394M
Income Tax Expense	$133M
Net Income from Continuing Ops	$261M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$261M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$261M
D&A	$226M
EBIT	$512M
EBITDA	$738M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$261M
Depreciation & Amortization	$226M
Stock-Based Compensation	$44M
Deferred Income Tax	-$28M
Other Non-Cash Items	-$68M
Change in Working Capital	-$199M
OPERATING CASH FLOW	$236M
Capital Expenditure	-$139M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$58M
NET CASH FROM INVESTING	-$81M
Net Debt Issuance	-$51M
Common Stock Repurchased	-$119M
Common Dividends Paid	-$25M
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$169M
FREE CASH FLOW	$97M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$311M
Other Current Assets	$170M
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$1.9B
Goodwill	$881M
Intangible Assets	$528M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$243M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$6.2B
Account Payables	$337M
Short-Term Debt	$79M
Deferred Revenue	$115M
Other Current Liabilities	$861M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$83M
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$3.3B
TOTAL LIABILITIES	$4.7B
Common Stock	$1M
Additional Paid-In Capital	$1.9B
Retained Earnings	$236M
Treasury Stock	-$120M
Accum. Other Comp. Income	-$521M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$1.8B
Net Debt	$736M