Huntington Ingalls Industries (HII) FY2023 results: revenue $11.5 billion, up 7.3% on the year
Huntington Ingalls Industries, Inc. (HII) reported revenue of $11.5 billion for fiscal 2023, the year ended 31 December 2023, up 7.3% on the year before. Net income was $681 million, up 17.6%, and diluted earnings per share $17.07. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2024.
Revenue
$11.5 billion
+7.3% on the year
FY2016FY2023
Operating margin
6.8%
5.3% a year earlier
FY2016FY2023
Net income
$681 million
+17.6% on the year
FY2016FY2023
Diluted EPS
$17.07
+18.2% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
970
766
760
+26.6%
Capital expenditure
292
284
331
+2.8%
Free cash flow
678
482
429
+40.7%
Free cash flow margin
5.9%
4.5%
4.5%
Cash from investing
-236
-268
-1,954
Cash from financing
-771
-658
1,309
Depreciation and amortisation
347
358
293
-3.1%
Share-based compensation
34.0
36.0
33.0
-5.6%
Buybacks
75.0
52.0
101
+44.2%
Dividends paid
200
192
186
+4.2%
Dividend per share
$5.02
$4.78
$4.60
+5.0%
Diluted shares, weighted
40m
40m
40m
-0.5%
Shares outstanding at period end
40m
40m
40m
-0.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,093
3,489
2,808
+17.3%
Debt
2,445
2,905
3,298
-15.8%
Operating lease liabilities
228
246
194
-7.3%
Other liabilities
4,449
4,217
4,327
+5.5%
Total liabilities and equity
11,215
10,857
10,627
+3.3%
Fixed assets
3,296
3,198
3,107
+3.1%
Goodwill
2,618
2,618
2,628
0.0%
Intangible assets
891
1,019
1,159
-12.6%
Cash and equivalents
430
467
627
-7.9%
Receivables
461
636
433
-27.5%
Other assets
3,519
2,919
2,673
+20.6%
Total assets
11,215
10,857
10,627
+3.3%
10-K for the year ended 31 December 2023, filed 1 February 2024: the filing.