$DRS
Leonardo DRS, Inc.

2023 Q4 Form 10-Q Financial Statement

#000162828023036429 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $926.0M $703.0M $634.0M
YoY Change 12.93% 10.88% -11.94%
Cost Of Revenue $716.0M $541.0M $504.0M
YoY Change 12.58% 7.34% -14.43%
Gross Profit $210.0M $162.0M $130.0M
YoY Change 14.13% 24.62% -0.76%
Gross Profit Margin 22.68% 23.04% 20.5%
Selling, General & Admin $98.00M $96.00M $101.0M
YoY Change 2.08% -4.95% 2154.46%
% of Gross Profit 46.67% 59.26% 77.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.00M $16.00M $14.00M
YoY Change 29.41% 14.29% 7.69%
% of Gross Profit 10.48% 9.88% 10.77%
Operating Expenses $105.0M $103.0M -$246.0M
YoY Change 8.25% -141.87% -3634.48%
Operating Profit $105.0M $59.00M $376.0M
YoY Change 20.69% -84.31% 609.43%
Interest Expense -$9.000M $10.00M $9.000M
YoY Change 28.57% 11.11% 0.0%
% of Operating Profit -8.57% 16.95% 2.39%
Other Income/Expense, Net -$1.000M -$1.000M $0.00
YoY Change -50.0% -100.0%
Pretax Income $95.00M $48.00M $367.0M
YoY Change 21.79% -86.92% 753.49%
Income Tax $21.00M $1.000M $88.00M
% Of Pretax Income 22.11% 2.08% 23.98%
Net Earnings $74.00M $47.00M $279.0M
YoY Change 13.85% -83.15% 697.14%
Net Earnings / Revenue 7.99% 6.69% 44.01%
Basic Earnings Per Share $0.18 $1.92
Diluted Earnings Per Share $0.28 $0.18 $1.92
COMMON SHARES
Basic Shares Outstanding 262.4M shares 262.0M shares 145.0M shares
Diluted Shares Outstanding 265.0M shares 210.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $467.0M $47.00M $63.00M
YoY Change 52.61% -25.4% -27.25%
Cash & Equivalents $467.0M $47.00M $63.00M
Short-Term Investments
Other Short-Term Assets $42.00M $32.00M $39.00M
YoY Change 75.0% -17.95% 116.67%
Inventory $329.0M $383.0M $246.0M
Prepaid Expenses $21.00M $17.00M
Receivables $151.0M $200.0M $170.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.918B $1.740B $1.431B
YoY Change 12.36% 21.59% 16.82%
LONG-TERM ASSETS
Property, Plant & Equipment $402.0M $399.0M $362.0M
YoY Change -0.5% 10.22% 1148.28%
Goodwill $1.238B $1.236B $952.0M
YoY Change 0.16% 29.83% -11.11%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $89.00M $95.00M $92.00M
YoY Change -3.26% 3.26% -26.98%
Total Long-Term Assets $2.003B $1.973B $1.500B
YoY Change 1.68% 31.53% -9.69%
TOTAL ASSETS
Total Short-Term Assets $1.918B $1.740B $1.431B
Total Long-Term Assets $2.003B $1.973B $1.500B
Total Assets $3.921B $3.713B $2.931B
YoY Change 6.64% 26.68% 1.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $398.0M $328.0M $285.0M
YoY Change -12.91% 15.09% 0.0%
Accrued Expenses $159.0M $150.0M $156.0M
YoY Change -3.05% -3.85% 6682.61%
Deferred Revenue $335.0M $258.0M $195.0M
YoY Change 43.78% 32.31% 21.88%
Short-Term Debt $35.00M $1.000M $3.000M
YoY Change 250.0% -66.67% -87.5%
Long-Term Debt Due $57.00M $132.0M $67.00M
YoY Change 96.55% 97.01%
Total Short-Term Liabilities $1.078B $951.0M $912.0M
YoY Change 3.45% 4.28% 9.62%
LONG-TERM LIABILITIES
Long-Term Debt $349.0M $351.0M $350.0M
YoY Change -4.38% 0.29%
Other Long-Term Liabilities $129.0M $126.0M $75.00M
YoY Change 31.63% 68.0% -9.64%
Total Long-Term Liabilities $518.0M $520.0M $481.0M
YoY Change 1.97% 8.11% -8.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.078B $951.0M $912.0M
Total Long-Term Liabilities $518.0M $520.0M $481.0M
Total Liabilities $1.596B $1.471B $1.393B
YoY Change 2.97% 5.6% 2.73%
SHAREHOLDERS EQUITY
Retained Earnings -$2.806B -$2.880B -$3.039B
YoY Change -5.65% -5.23% -0.07%
Common Stock $3.000M $3.000M $1.000M
YoY Change 0.0% 200.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.325B $2.242B $1.538B
YoY Change
Total Liabilities & Shareholders Equity $3.921B $3.713B $2.931B
YoY Change 6.64% 26.68% 1.56%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $74.00M $47.00M $279.0M
YoY Change 13.85% -83.15% 697.14%
Depreciation, Depletion And Amortization $22.00M $16.00M $14.00M
YoY Change 29.41% 14.29% 7.69%
Cash From Operating Activities $515.0M $36.00M -$246.0M
YoY Change 84.59% -114.63%
INVESTING ACTIVITIES
Capital Expenditures $18.00M $15.00M $35.00M
YoY Change -40.0% -57.14%
Acquisitions
YoY Change
Other Investing Activities $1.000M -$1.000M $483.0M
YoY Change -94.44% -100.21%
Cash From Investing Activities -$17.00M -$16.00M $448.0M
YoY Change 41.67% -103.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -78.00M -8.000M -379.0M
YoY Change 225.0% -97.89%
NET CHANGE
Cash From Operating Activities 515.0M 36.00M -246.0M
Cash From Investing Activities -17.00M -16.00M 448.0M
Cash From Financing Activities -78.00M -8.000M -379.0M
Net Change In Cash 420.0M 12.00M -177.0M
YoY Change 72.84% -106.78%
FREE CASH FLOW
Cash From Operating Activities $515.0M $36.00M -$246.0M
Capital Expenditures $18.00M $15.00M $35.00M
Free Cash Flow $497.0M $21.00M -$281.0M
YoY Change 99.6% -107.47%

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Files In Submission

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drs-20230930_cal.xml Edgar Link unprocessable
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0001628280-23-036429-index.html Edgar Link pending
0001628280-23-036429.txt Edgar Link pending
0001628280-23-036429-xbrl.zip Edgar Link pending
drs-20230930.htm Edgar Link pending
drs-20230930.xsd Edgar Link pending
exhibit991-leonardodrsinci.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
leonardodrs.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
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