$DRS
Leonardo DRS, Inc.

2022 Q4 Form 10-Q Financial Statement

#000162828022028651 Filed on November 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $820.0M $634.0M
YoY Change 2481.86% -11.94%
Cost Of Revenue $636.0M $504.0M
YoY Change 3301.07% -14.43%
Gross Profit $184.0M $130.0M
YoY Change 1308.88% -0.76%
Gross Profit Margin 22.44% 20.5%
Selling, General & Admin $96.00M $101.0M
YoY Change 2028.6% 2154.46%
% of Gross Profit 52.17% 77.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.00M $14.00M
YoY Change 7.69%
% of Gross Profit 9.24% 10.77%
Operating Expenses $97.00M -$246.0M
YoY Change 1277.84% -3634.48%
Operating Profit $87.00M $376.0M
YoY Change 1345.18% 609.43%
Interest Expense -$7.000M $9.000M
YoY Change 2233.33% 0.0%
% of Operating Profit -8.05% 2.39%
Other Income/Expense, Net -$2.000M $0.00
YoY Change -100.0%
Pretax Income $78.00M $367.0M
YoY Change 1266.02% 753.49%
Income Tax $13.00M $88.00M
% Of Pretax Income 16.67% 23.98%
Net Earnings $65.00M $279.0M
YoY Change 1248.55% 697.14%
Net Earnings / Revenue 7.93% 44.01%
Basic Earnings Per Share $1.92
Diluted Earnings Per Share $0.15 $1.92
COMMON SHARES
Basic Shares Outstanding 145.0M shares 145.0M shares
Diluted Shares Outstanding 210.0M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $306.0M $63.00M
YoY Change 288.82% -27.25%
Cash & Equivalents $306.0M $63.00M
Short-Term Investments
Other Short-Term Assets $24.00M $39.00M
YoY Change 9.09% 116.67%
Inventory $319.0M $246.0M
Prepaid Expenses $20.00M
Receivables $166.0M $170.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.707B $1.431B
YoY Change 22.89% 16.82%
LONG-TERM ASSETS
Property, Plant & Equipment $404.0M $362.0M
YoY Change 1194.87% 1148.28%
Goodwill $1.236B $952.0M
YoY Change 15.41% -11.11%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $92.00M $92.00M
YoY Change -32.85% -26.98%
Total Long-Term Assets $1.970B $1.500B
YoY Change 17.26% -9.69%
TOTAL ASSETS
Total Short-Term Assets $1.707B $1.431B
Total Long-Term Assets $1.970B $1.500B
Total Assets $3.677B $2.931B
YoY Change 19.81% 1.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $457.0M $285.0M
YoY Change -4.59% 0.0%
Accrued Expenses $164.0M $156.0M
YoY Change 7030.43% 6682.61%
Deferred Revenue $233.0M $195.0M
YoY Change 33.91% 21.88%
Short-Term Debt $10.00M $3.000M
YoY Change -33.33% -87.5%
Long-Term Debt Due $29.00M $67.00M
YoY Change
Total Short-Term Liabilities $1.042B $912.0M
YoY Change 5.36% 9.62%
LONG-TERM LIABILITIES
Long-Term Debt $365.0M $350.0M
YoY Change
Other Long-Term Liabilities $98.00M $75.00M
YoY Change 32.43% -9.64%
Total Long-Term Liabilities $508.0M $481.0M
YoY Change 4.31% -8.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.042B $912.0M
Total Long-Term Liabilities $508.0M $481.0M
Total Liabilities $1.550B $1.393B
YoY Change 5.01% 2.73%
SHAREHOLDERS EQUITY
Retained Earnings -$2.974B -$3.039B
YoY Change -0.3% -0.07%
Common Stock $3.000M $1.000M
YoY Change 200.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.127B $1.538B
YoY Change
Total Liabilities & Shareholders Equity $3.677B $2.931B
YoY Change 19.81% 1.56%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $65.00M $279.0M
YoY Change 1248.55% 697.14%
Depreciation, Depletion And Amortization $17.00M $14.00M
YoY Change 7.69%
Cash From Operating Activities $279.0M -$246.0M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $30.00M $35.00M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $18.00M $483.0M
YoY Change
Cash From Investing Activities -$12.00M $448.0M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.00M -379.0M
YoY Change
NET CHANGE
Cash From Operating Activities 279.0M -246.0M
Cash From Investing Activities -12.00M 448.0M
Cash From Financing Activities -24.00M -379.0M
Net Change In Cash 243.0M -177.0M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $279.0M -$246.0M
Capital Expenditures $30.00M $35.00M
Free Cash Flow $249.0M -$281.0M
YoY Change

Facts In Submission

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CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
88000000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
107000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31000000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
279000000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
35000000 usd
us-gaap Net Income Loss
NetIncomeLoss
340000000 usd
us-gaap Net Income Loss
NetIncomeLoss
96000000 usd

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drs-20220930.htm Edgar Link pending
drs-20220930.xsd Edgar Link pending
exhibit311_2022q3xceocerti.htm Edgar Link pending
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