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Northrop Grumman cash flow statement

In fiscal 2025, Northrop Grumman's operations generated $4.76bn of cash; it spent $1.45bn on capital projects, leaving free cash flow of $3.31bn. It returned $1.29bn in dividends and $1.62bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations2,1332,4532,1152,6402,4832,5932,1622,8132,6133,8274,2974,3053,5672,9013,8754,3884,7575,266
Depreciation and amortisation5505555445104954624674564758001,2651,2671,2391,3421,3381,3701,4721,524
Stock-based pay1051361401831441349993948612790949987101119129
Capital spending4735854923313645614719209281,2491,2641,4201,4151,4351,7751,7671,4501,437
Free cash flow1,6601,8681,6232,3092,1192,0321,6911,8931,6852,5783,0332,8852,1521,4662,1002,6213,3073,829
Free cash flow after stock pay1,5551,7321,4832,1261,9751,8981,5921,8001,5912,4922,9062,7952,0581,3672,0132,5203,1883,700
Dividends paid5395455435355455636036406898218809539831,0521,1161,1861,2931,364
Share buybacks1,1001,1772,2951,3162,3712,6683,1821,5473931,2637444903,7051,5041,5002,5141,624524
Shares issued51142101———————————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Northrop Grumman's SEC filings (10-K and 10-Q), retrieved October 21, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Northrop Grumman.