HUNTINGTON INGALLS INDUSTRIES, INC. (HII) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Revenues:
Ingalls		2,285	2,297	2,315	2,657	2,694	2,588	2,568
Other		6,778	6,756	6,771	6,509	6,448	6,529	6,793
Total revenues		10,253	9,822	9,524	9,604	9,580	9,376	9,361
Revenue growth [+]		7.0%	4.8%	1.7%	6.5%	7.4%	3.2%	5.2%
Ingalls		-15.2%	-11.2%	-9.9%	5.5%	6.0%	-0.5%	2.4%
Technical Solutions								16.4%
Cost of goods sold		8,753	8,409	8,113	8,014	7,892	7,749	7,658
Gross profit		1,500	1,413	1,411	1,590	1,688	1,627	1,703
Gross margin		14.6%	14.4%	14.8%	16.6%	17.6%	17.4%	18.2%
Selling, general and administrative [+]		932	909	898	892	886	896	904
General and administrative		932	909	898	892	886	896	904
Equity in earnings		55	40	41	44	39	34	32
Other operating expenses		1
EBITDA [+]		961	859	847	1,014	1,098	1,019	1,078
EBITDA growth		-12.5%	-15.7%	-21.4%	3.7%	13.7%	-5.3%	6.3%
EBITDA margin		9.4%	8.7%	8.9%	10.6%	11.5%	10.9%	11.5%
Depreciation		209	207	207	209	201	196	191
EBITA		752	652	640	805	897	823	887
EBITA margin		7.3%	6.6%	6.7%	8.4%	9.4%	8.8%	9.5%
Amortization of intangibles		130	108	86	63	56	58	56
EBIT [+]		622	544	554	742	841	765	831
EBIT growth		-26.0%	-28.9%	-33.3%	1.0%	15.7%	-9.3%	5.6%
EBIT margin		6.1%	5.5%	5.8%	7.7%	8.8%	8.2%	8.9%
Interest expense		102	94	89	109	112	119	114
Interest expense		102	94	89	109	112	119	114
Other income (expense), net [+]		166	175	157	145	134	121	93
Other		9	21	17	11	15	16	6
Pre-tax income		686	625	622	778	863	767	810
Income taxes		101	89	78	105	115	95	114
Tax rate		14.7%	14.2%	12.5%		13.3%	12.4%	14.1%
Net income		585	536	544	673	748	672	696
Net margin		5.7%	5.5%	5.7%	7.0%	7.8%	7.2%	7.4%

Basic EPS [+]		$14.56	$13.33	$13.51	$16.68	$18.50	$16.58	$17.12
Growth		-21.3%	-19.6%	-21.1%	14.3%	43.7%	13.4%	29.2%
Diluted EPS [+]		$14.56	$13.33	$13.51	$16.68	$18.49	$16.57	$17.11
Growth		-21.3%	-19.6%	-21.1%	14.4%	43.6%	13.4%	29.1%

Dividends per share [+]	$0.00	$4.68	$4.64	$4.60	$4.56	$4.45	$4.34	$4.23
Growth	-100.0%	5.2%	6.9%	8.7%	10.7%	12.7%	14.8%	17.2%

Shares outstanding (basic) [+]		40	40	40	40	40	41	41
Growth		-0.6%	-0.7%	-0.9%	-1.2%	-1.4%	-1.8%	-1.9%
Shares outstanding (diluted) [+]		40	40	40	40	40	41	41
Growth		-0.7%	-0.8%	-1.0%	-1.3%	-1.3%	-1.7%	-1.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.