HII FY 2017 Earnings Report — Huntington Ingalls Industries, Inc. Revenue & Financial Results | Market Cap Arena

Huntington Ingalls Industries, Inc.HII

FY 2017 Earnings

Reported February 15, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$7.4B	—	$7.1B	—	5.3%
Op. Income	$869M	—	$837M	—	3.8%
Gross Margin	19.1%	—	20.7%	—	-1.5pp
Net Margin	6.4%	—	8.1%	—	-1.7pp
EPS (Diluted)	$10.46	—	$12.14	—	-13.8%
Free Cash Flow	$432M	—	$537M	—	-19.6%

Revenue Flow

Item	Amount
REVENUE	$7.4B
Cost of Revenue	$6.0B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$570M
SG&A Expenses	$759M
Other Expenses	$0
Operating Expenses	$759M
Cost & Expenses	$6.6B
OPERATING INCOME	$869M
Interest Income	$0
Interest Expense	$94M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$772M
Income Tax Expense	$293M
Net Income from Continuing Ops	$479M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$479M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$479M
D&A	$205M
EBIT	$844M
EBITDA	$1.0B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$7.4B
Cost of Revenue	$6.0B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$570M
SG&A Expenses	$759M
Other Expenses	$0
Operating Expenses	$759M
Cost & Expenses	$6.6B
OPERATING INCOME	$869M
Interest Income	$0
Interest Expense	$94M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$772M
Income Tax Expense	$293M
Net Income from Continuing Ops	$479M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$479M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$479M
D&A	$205M
EBIT	$844M
EBITDA	$1.0B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$479M
Depreciation & Amortization	$205M
Stock-Based Compensation	$34M
Deferred Income Tax	$184M
Other Non-Cash Items	$42M
Change in Working Capital	-$130M
OPERATING CASH FLOW	$814M
Capital Expenditure	-$382M
Acquisitions (Net)	$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$30M
NET CASH FROM INVESTING	-$349M
Net Debt Issuance	-$15M
Common Stock Repurchased	-$286M
Common Dividends Paid	-$115M
Other Financing Activities	-$68M
NET CASH FROM FINANCING	-$484M
FREE CASH FLOW	$432M
Net Change in Cash	-$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$701M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$183M
Other Current Assets	$123M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$2.2B
Goodwill	$1.2B
Intangible Assets	$508M
Long-Term Investments	$0
Tax Assets	$114M
Other Non-Current Assets	$125M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$6.4B
Account Payables	$375M
Short-Term Debt	$0
Deferred Revenue	$146M
Other Current Liabilities	$870M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$380M
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$4.6B
Common Stock	$1M
Additional Paid-In Capital	$1.9B
Retained Earnings	$1.7B
Treasury Stock	-$972M
Accum. Other Comp. Income	-$900M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$6.4B
Total Debt	$1.3B
Net Debt	$578M