HII FY 2015 Earnings Report — Huntington Ingalls Industries, Inc. Revenue & Financial Results | Market Cap Arena

Huntington Ingalls Industries, Inc.HII

FY 2015 Earnings

Reported February 18, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$7.0B	—	$7.0B	—	0.9%
Op. Income	$907M	—	$748M	—	21.3%
Gross Margin	21.4%	—	20.4%	—	1.0pp
Net Margin	5.8%	—	4.9%	—	0.9pp
EPS (Diluted)	$8.36	—	$6.86	—	21.9%
Free Cash Flow	$640M	—	$551M	—	16.2%

Revenue Flow

Item	Amount
REVENUE	$7.0B
Cost of Revenue	$5.5B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$669M
SG&A Expenses	$669M
Other Expenses	$0
Operating Expenses	$614M
Cost & Expenses	$6.1B
OPERATING INCOME	$907M
Interest Income	$0
Interest Expense	$137M
Other Income/Expenses	-$275M
INCOME BEFORE TAX	$632M
Income Tax Expense	$228M
Net Income from Continuing Ops	$404M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$404M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$404M
D&A	$180M
EBIT	$725M
EBITDA	$905M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$7.0B
Cost of Revenue	$5.5B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$669M
SG&A Expenses	$669M
Other Expenses	$0
Operating Expenses	$614M
Cost & Expenses	$6.1B
OPERATING INCOME	$907M
Interest Income	$0
Interest Expense	$137M
Other Income/Expenses	-$275M
INCOME BEFORE TAX	$632M
Income Tax Expense	$228M
Net Income from Continuing Ops	$404M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$404M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$404M
D&A	$180M
EBIT	$725M
EBITDA	$905M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$404M
Depreciation & Amortization	$180M
Stock-Based Compensation	$43M
Deferred Income Tax	-$15M
Other Non-Cash Items	$105M
Change in Working Capital	$111M
OPERATING CASH FLOW	$828M
Capital Expenditure	-$188M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$53M
NET CASH FROM INVESTING	-$141M
Net Debt Issuance	-$416M
Common Stock Repurchased	-$232M
Common Dividends Paid	-$81M
Other Financing Activities	-$54M
NET CASH FROM FINANCING	-$783M
FREE CASH FLOW	$640M
Net Change in Cash	-$96M

Balance Sheet

Item	Amount
Cash & Equivalents	$894M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$285M
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$1.8B
Goodwill	$956M
Intangible Assets	$495M
Long-Term Investments	$0
Tax Assets	$336M
Other Non-Current Assets	$126M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$6.0B
Account Payables	$317M
Short-Term Debt	$0
Deferred Revenue	$125M
Other Current Liabilities	$832M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$3.3B
TOTAL LIABILITIES	$4.5B
Common Stock	$1M
Additional Paid-In Capital	$2.0B
Retained Earnings	$848M
Treasury Stock	-$492M
Accum. Other Comp. Income	-$845M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$6.0B
Total Debt	$1.3B
Net Debt	$379M