Summary - Funding Rounds

Founding Date

2015
Northrop Grumman Innovation Systems is a subsidiary of Northrop Grumman

Northrop Grumman Innovation Systems Revenue Breakdown

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Northrop Grumman Innovation Systems revenue breakdown by business segment: 11.7% from Service and 88.3% from Product

Northrop Grumman Innovation Systems revenue breakdown by geographic segment: 14.2% from All Other, 77.4% from United States and 8.5% from Other

Northrop Grumman Innovation Systems Income Statement

Annual

USDFY, 2013FY, 2014FY, 2016FY, 2017FY, 2018

Revenue

4.8b3.2b4.5b4.8b3.3b

Revenue growth, %

(34%)31%7%(31%)

Cost of goods sold

3.6b2.5b3.5b3.7b

Gross profit

1.1b704.1m985.0m1.1b

Gross profit Margin, %

24%22%22%22%

Sales and marketing expense

204.0m89.9m107.0m115.0m

R&D expense

62.5m49.3m116.0m115.0m

General and administrative expense

282.8m298.6m290.0m306.0m

Operating expense total

549.3m472.1m513.0m536.0m

EBIT

590.3m232.0m472.0m529.0m343.0m

EBIT margin, %

12%7%11%11%10%

Interest expense

80.0m88.7m68.0m67.0m

Interest income

252.0k

Pre tax profit

510.5m116.7m404.0m462.0m

Income tax expense

169.4m39.1m111.0m152.0m

Net Income

341.1m202.6m293.0m310.0m

Northrop Grumman Innovation Systems Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2016FY, 2017

Cash

266.6m139.3m200.0m346.0m

Accounts Receivable

1.2b1.8b1.7b1.9b

Inventories

134.4m196.1m215.0m221.0m

Current Assets

2.4b2.4b2.2b2.5b

PP&E

508.5m807.1m816.0m934.0m

Goodwill

1.0b1.9b1.8b1.8b

Total Assets

5.9b5.5b5.4b5.7b

Accounts Payable

64.8b158.1m175.0m216.0m

Short-term debt

249.2m60.0m40.0m40.0m

Current Liabilities

1.1b1.1b1.3b1.5b

Long-term debt

1.8b1.5b1.4b1.4b

Total Debt

2.1b1.6b1.4b1.4b

Total Liabilities

3.9b3.7b3.6b3.6b

Common Stock

318.0k594.0k574.9k1.0m

Additional Paid-in Capital

534.0m2.2b2.2b2.2b

Retained Earnings

2.8b1.2b1.3b1.5b

Total Equity

1.9b1.8b1.8b2.0b

Debt to Equity Ratio

1.1 x0.9 x0.8 x0.7 x

Debt to Assets Ratio

0.4 x0.3 x0.3 x0.2 x

Financial Leverage

3 x3.1 x3 x2.8 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

132.7m42.7m112.9m49.6m65.1m73.5m59.8m63.0m167.0m74.0m119.0m59.0m

Accounts Receivable

1.7b1.7b1.7b1.9b1.9b2.0b1.8b1.9b1.9b1.9b1.9b338.0m

Inventories

562.2m563.5m552.4m182.3m175.3m233.7m237.3m230.1m242.0m281.0m267.0m248.0m

Current Assets

2.5b2.5b2.6b2.4b2.4b2.4b2.2b2.2b2.4b2.3b2.4b2.2b

PP&E

693.4m691.8m693.0m802.1m797.5m2.4b757.8m769.5m821.0m842.0m858.0m967.0m

Goodwill

1.9b1.9b1.9b1.9b1.9b1.8b2.0b1.9b1.8b1.8b1.8b1.8b

Total Assets

5.8b5.8b5.8b5.4b5.4b5.5b5.3b5.4b5.6b5.5b5.5b5.4b

Accounts Payable

318.4m316.8m341.7m168.8m227.1m171.5m137.2m170.8m189.0m92.0m141.0m173.0m

Short-term debt

247.7m160.0m160.0m60.0m40.0m40.0m40.0m40.0m40.0m40.0m40.0m40.0m

Current Liabilities

1.1b1.0b1.1b989.0m975.0m954.2m1.1b1.2b1.4b1.2b1.3b1.3b

Long-term debt

1.8b1.9b1.9b1.5b1.5b1.6b1.5b1.5b1.5b1.5b1.4b1.4b

Total Debt

2.1b2.1b2.1b1.6b1.5b1.6b1.5b1.6b1.5b1.5b1.4b1.5b

Total Liabilities

3.8b3.8b3.8b3.6b3.5b3.5b3.5b3.5b3.7b3.5b3.5b3.5b

Common Stock

319.0k319.0k319.0k593.0k589.0k586.0k584.0k579.0k576.9k576.1k1.0m1.0m

Additional Paid-in Capital

540.1m432.0m435.7m2.2b2.2b2.2b2.2b2.2b2.2b2.2b2.2b2.2b

Retained Earnings

2.9b2.9b3.0b1.2b1.3b1.4b1.2b1.2b1.3b1.4b1.5b1.3b

Total Equity

2.0b2.0b2.0b1.9b1.9b2.0b1.8b1.9b1.9b2.0b2.1b1.9b

Debt to Equity Ratio

1 x1 x1 x0.8 x0.8 x0.8 x0.8 x0.9 x0.8 x0.8 x0.7 x0.8 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x

Financial Leverage

2.9 x2.9 x2.8 x2.9 x2.8 x2.7 x2.9 x2.9 x3 x2.8 x2.7 x2.9 x

Northrop Grumman Innovation Systems Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2016FY, 2017

Net Income

341.1m202.6m293.0m310.0m

Depreciation and Amortization

69.2m75.8m116.0m155.0m

Accounts Receivable

5.5m(55.2m)(88.0m)(122.0m)

Inventories

(63.4m)13.6m(9.0m)18.0m

Accounts Payable

(71.3m)55.7m38.0m10.0m

Cash From Operating Activities

388.0m311.3m519.0m520.0m

Cash From Investing Activities

(1.4b)301.6m(183.0m)(245.0m)

Dividends Paid

(35.1m)(41.1m)(70.0m)(74.0m)

Cash From Financing Activities

903.3m(737.3m)(240.0m)(129.0m)

Net Change in Cash

(150.7m)(127.4m)96.0m146.0m

Interest Paid

54.4m77.6m62.0m60.0m

Income Taxes Paid

136.3m143.1m36.0m24.0m

Free Cash Flow

282.3m198.6m332.0m275.0m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

85.7m180.9m226.6m72.9m139.4m69.8m167.9m228.0m66.0m154.0m248.0m101.0m

Depreciation and Amortization

33.3m67.8m104.0m32.0m63.1m40.9m80.2m120.3m42.0m77.0m115.0m36.0m

Accounts Receivable

(212.5m)(214.8m)(241.1m)(97.8m)(89.1m)(187.9m)(130.0m)(203.2m)(174.0m)(131.0m)(168.0m)(89.0m)

Inventories

(4.0m)(2.7m)3.5m13.8m20.8m(22.0m)(26.8m)(22.6m)(26.0m)(67.0m)(25.0m)12.0m

Accounts Payable

9.0m11.1m39.5m9.7m64.7m43.1m9.0m43.1m21.0m(81.0m)(58.0m)(37.0m)

Cash From Operating Activities

(91.5m)24.5m154.2m11.0m130.0m(75.1m)70.1m106.6m(35.0m)(39.0m)157.0m(237.0m)

Cash From Investing Activities

(27.3m)(57.5m)(89.8m)(26.2m)(53.4m)(22.6m)(60.6m)(105.5m)(43.0m)(94.0m)(138.0m)(71.0m)

Dividends Paid

(10.2m)(20.4m)(30.7m)(15.5m)(30.8m)(17.6m)(35.1m)(52.6m)(18.0m)(37.0m)(55.0m)(18.0m)

Cash From Financing Activities

(15.3m)(190.3m)(216.4m)(52.5m)(150.7m)67.1m(53.8m)(42.1m)45.0m7.0m(100.0m)21.0m

Net Change in Cash

(133.9m)(224.0m)(153.7m)(89.7m)(74.2m)(30.5m)(44.2m)(41.0m)(33.0m)(126.0m)(81.0m)(287.0m)

Interest Paid

17.9m35.8m

Income Taxes Paid

3.3m16.0m

Free Cash Flow

(121.0m)(35.2m)62.2m(15.2m)76.6m(97.6m)9.5m1.1m(78.0m)(133.0m)19.0m(308.0m)

Northrop Grumman Innovation Systems Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018FY, 2018Q1, 2019

Backlog

$7.60 b$7.48 b$7 b$6.70 b$12.10 b$14.80 b$14.70 b$14.70 b$14.40 b$14.80 b$15.40 b$15.70 b$16 b$9.40 b$8.70 b$8.21 b$8.10 b

Backlog Funded

$5.93 b$5.62 b

Backlog Unfunded

$2.28 b$2.48 b

Patents (Foreign)

294 257 320

Patents (US)

730 411 441

Patents Pending (Foreign)

191 146 125

Patents Pending (US)

188 126 102

Northrop Grumman Innovation Systems Employee Rating

3.6300 votes
Culture & Values
3.5
Work/Life Balance
3.5
Senior Management
3.1
Salary & Benefits
3.6
Career Opportunities
3.5
Source