$DRS
Leonardo DRS, Inc. Stock $drs

$drs Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000162828024033473 Filed on July 30, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$812.0M	$753.0M
YoY Change	15.5%	19.9%
Cost Of Revenue	$633.0M	$584.0M
YoY Change	17.01%	20.91%
Gross Profit	$179.0M	$169.0M
YoY Change	10.49%	16.55%
Gross Profit Margin	22.04%	22.44%
Selling, General & Admin	$98.00M	$107.0M
YoY Change	2.08%	18.89%
% of Gross Profit	54.75%	63.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$17.00M	$17.00M
YoY Change	6.25%	-15.0%
% of Gross Profit	9.5%	10.06%
Operating Expenses	$104.0M	$113.0M
YoY Change	0.97%	9.71%
Operating Profit	$75.00M	$55.00M
YoY Change	27.12%	30.95%
Interest Expense	-$5.000M	-$7.000M
YoY Change	-150.0%	-22.22%
% of Operating Profit	-6.67%	-12.73%
Other Income/Expense, Net	-$1.000M	-$1.000M
YoY Change	0.0%
Pretax Income	$69.00M	$47.00M
YoY Change	43.75%	42.42%
Income Tax	$12.00M	$9.000M
% Of Pretax Income	17.39%	19.15%
Net Earnings	$57.00M	$38.00M
YoY Change	21.28%	8.57%
Net Earnings / Revenue	7.02%	5.05%
Basic Earnings Per Share	$0.22	$0.14
Diluted Earnings Per Share	$0.21	$0.14
COMMON SHARES
Basic Shares Outstanding	263.7M shares	263.1M shares
Diluted Shares Outstanding	268.0M shares	267.0M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$198.0M	$149.0M
YoY Change	321.28%	325.71%
Cash & Equivalents	$198.0M	$149.0M
Short-Term Investments
Other Short-Term Assets	$36.00M	$33.00M
YoY Change	12.5%	-51.47%
Inventory	$363.0M	$367.0M
Prepaid Expenses	$29.00M	$31.00M
Receivables	$237.0M	$188.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.860B	$1.805B
YoY Change	6.9%	6.36%
LONG-TERM ASSETS
Property, Plant & Equipment	$415.0M	$419.0M
YoY Change	4.01%	4.23%
Goodwill	$1.238B	$1.238B
YoY Change	0.16%	0.16%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$86.00M	$91.00M
YoY Change	-9.47%	-45.18%
Total Long-Term Assets	$2.001B	$2.014B
YoY Change	1.42%	2.49%
TOTAL ASSETS
Total Short-Term Assets	$1.860B	$1.805B
Total Long-Term Assets	$2.001B	$2.014B
Total Assets	$3.861B	$3.819B
YoY Change	3.99%	4.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$292.0M	$263.0M
YoY Change	-10.98%	-9.31%
Accrued Expenses	$163.0M	$145.0M
YoY Change	8.67%	2.11%
Deferred Revenue	$315.0M	$348.0M
YoY Change	22.09%	19.18%
Short-Term Debt	$1.000M	$1.000M
YoY Change	0.0%
Long-Term Debt Due	$22.00M	$22.00M
YoY Change	-83.33%	-83.82%
Total Short-Term Liabilities	$880.0M	$896.0M
YoY Change	-7.47%	-4.98%
LONG-TERM LIABILITIES
Long-Term Debt	$345.0M	$351.0M
YoY Change	-1.71%	-1.68%
Other Long-Term Liabilities	$122.0M	$126.0M
YoY Change	-3.17%	-23.64%
Total Long-Term Liabilities	$507.0M	$517.0M
YoY Change	-2.5%	-0.96%
TOTAL LIABILITIES
Total Short-Term Liabilities	$880.0M	$896.0M
Total Long-Term Liabilities	$507.0M	$517.0M
Total Liabilities	$1.387B	$1.413B
YoY Change	-5.71%	-4.07%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.682B	-$2.739B
YoY Change	-6.88%	-6.42%
Common Stock	$3.000M	$3.000M
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.474B	$2.406B
YoY Change
Total Liabilities & Shareholders Equity	$3.861B	$3.819B
YoY Change	3.99%	4.29%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$57.00M	$38.00M
YoY Change	21.28%	8.57%
Depreciation, Depletion And Amortization	$17.00M	$17.00M
YoY Change	6.25%	-15.0%
Cash From Operating Activities	$59.00M	$34.00M
YoY Change	63.89%	-383.33%
INVESTING ACTIVITIES
Capital Expenditures	$12.00M	$34.00M
YoY Change	-20.0%	183.33%
Acquisitions
YoY Change
Other Investing Activities	$1.000M	$0.00
YoY Change	-200.0%
Cash From Investing Activities	-$11.00M	-$34.00M
YoY Change	-31.25%	183.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.000M	-11.00M
YoY Change	-112.5%	-90.43%
NET CHANGE
Cash From Operating Activities	59.00M	34.00M
Cash From Investing Activities	-11.00M	-34.00M
Cash From Financing Activities	1.000M	-11.00M
Net Change In Cash	49.00M	-11.00M
YoY Change	308.33%	-92.09%
FREE CASH FLOW
Cash From Operating Activities	$59.00M	$34.00M
Capital Expenditures	$12.00M	$34.00M
Free Cash Flow	$47.00M	$0.00
YoY Change	123.81%	-100.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	2189000000	usd
CY2023Q2	drs	Transfer Of Financial Assets Accounted For As Sales Amount TransferOfFinancialAssetsAccountedForAsSalesAmount	62000000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
CY2023Q4	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent
CY2024Q2	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	263660716	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	263660716	shares
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	49000000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	13000000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	2325000000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	67000000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	14000000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	2406000000	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2024Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	1037000000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	908000000	usd
CY2024Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	348000000	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	335000000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	222000000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	129000000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	7925000000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.19
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P6M
CY2024Q2	us-gaap	Accounts Receivable Gross AccountsReceivableGross	189000000	usd
CY2023Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	152000000	usd
CY2024Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1000000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1000000	usd
CY2024Q2	us-gaap	Accounts Receivable Net AccountsReceivableNet	188000000	usd
CY2023Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	151000000	usd
CY2024Q2	drs	Transfers Of Financial Assets Accounted For As Sale Securitization Facility Availability TransfersOfFinancialAssetsAccountedForAsSaleSecuritizationFacilityAvailability	225000000	usd
CY2023Q4	drs	Transfers Of Financial Assets Accounted For As Sale Securitization Facility Availability TransfersOfFinancialAssetsAccountedForAsSaleSecuritizationFacilityAvailability	275000000	usd
	drs	Transfers Of Financial Assets Accounted For As Sale Purchase Discount Fees TransfersOfFinancialAssetsAccountedForAsSalePurchaseDiscountFees	0	usd
	drs	Transfers Of Financial Assets Accounted For As Sale Purchase Discount Fees TransfersOfFinancialAssetsAccountedForAsSalePurchaseDiscountFees	0	usd
CY2023Q4	drs	Transfer Of Financial Assets Accounted For As Sales Amount TransferOfFinancialAssetsAccountedForAsSalesAmount	192000000	usd
CY2022Q4	drs	Transfer Of Financial Assets Accounted For As Sales Amount TransferOfFinancialAssetsAccountedForAsSalesAmount	243000000	usd
	drs	Transfer Of Financial Assets Accounted For As Sales Receivables Sold And Derecognized During Period TransferOfFinancialAssetsAccountedForAsSalesReceivablesSoldAndDerecognizedDuringPeriod	50000000	usd
	drs	Transfer Of Financial Assets Accounted For As Sales Receivables Sold And Derecognized During Period TransferOfFinancialAssetsAccountedForAsSalesReceivablesSoldAndDerecognizedDuringPeriod	90000000	usd
	drs	Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Sold And Derecognized Amount TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsSoldAndDerecognizedAmount	205000000	usd
	drs	Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Sold And Derecognized Amount TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsSoldAndDerecognizedAmount	271000000	usd
CY2024Q2	drs	Transfer Of Financial Assets Accounted For As Sales Amount TransferOfFinancialAssetsAccountedForAsSalesAmount	37000000	usd
CY2024Q2	drs	Transfer Of Financial Assets Accounted For As Sales Cash Collected But Not Remitted Amount TransferOfFinancialAssetsAccountedForAsSalesCashCollectedButNotRemittedAmount	1000000	usd
CY2023Q2	drs	Transfer Of Financial Assets Accounted For As Sales Cash Collected But Not Remitted Amount TransferOfFinancialAssetsAccountedForAsSalesCashCollectedButNotRemittedAmount	6000000	usd
CY2024Q2	drs	Transfer Of Financial Assets Accounted For As Sales Remaining Sold Receivables Amount TransferOfFinancialAssetsAccountedForAsSalesRemainingSoldReceivablesAmount	36000000	usd
CY2023Q2	drs	Transfer Of Financial Assets Accounted For As Sales Remaining Sold Receivables Amount TransferOfFinancialAssetsAccountedForAsSalesRemainingSoldReceivablesAmount	56000000	usd
CY2024Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	79000000	usd
CY2023Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	66000000	usd
CY2024Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	279000000	usd
CY2023Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	254000000	usd
CY2024Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	9000000	usd
CY2023Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	9000000	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	367000000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	329000000	usd
CY2024Q2	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	919000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	873000000	usd
CY2024Q2	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	500000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	471000000	usd
CY2024Q2	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	419000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	402000000	usd
CY2024Q2	us-gaap	Depreciation Depreciation	17000000	usd
	us-gaap	Depreciation Depreciation	34000000	usd
CY2023Q2	us-gaap	Depreciation Depreciation	15000000	usd
	us-gaap	Depreciation Depreciation	31000000	usd
CY2024Q2	drs	Salaries Wages And Accrued Bonuses Current SalariesWagesAndAccruedBonusesCurrent	52000000	usd
CY2023Q4	drs	Salaries Wages And Accrued Bonuses Current SalariesWagesAndAccruedBonusesCurrent	73000000	usd
CY2024Q2	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	67000000	usd
CY2023Q4	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	63000000	usd
CY2024Q2	us-gaap	Litigation Reserve Current LitigationReserveCurrent	2000000	usd
CY2023Q4	us-gaap	Litigation Reserve Current LitigationReserveCurrent	2000000	usd
CY2024Q2	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	6000000	usd
CY2023Q4	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	10000000	usd
CY2024Q2	us-gaap	Provision For Loss On Contracts ProvisionForLossOnContracts	42000000	usd
CY2023Q4	us-gaap	Provision For Loss On Contracts ProvisionForLossOnContracts	36000000	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	26000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	23000000	usd
CY2024Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	22000000	usd
CY2023Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	46000000	usd
CY2024Q2	us-gaap	Other Sundry Liabilities Current OtherSundryLiabilitiesCurrent	46000000	usd
CY2023Q4	us-gaap	Other Sundry Liabilities Current OtherSundryLiabilitiesCurrent	35000000	usd
CY2024Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	263000000	usd
CY2023Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	288000000	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	70000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	68000000	usd
CY2024Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	36000000	usd
CY2023Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	36000000	usd
CY2024Q2	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	20000000	usd
CY2023Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	25000000	usd
CY2024Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	126000000	usd
CY2023Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	129000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1101000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	957000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	144000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1097000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	946000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	151000000	usd
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	11000000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	11000000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.191
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.202
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.061
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.041
CY2024Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	258000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	258000000	usd
CY2024Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	22000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	21000000	usd
CY2024Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	236000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	237000000	usd
CY2024Q2	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	118000000	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	118000000	usd
CY2024Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	118000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	119000000	usd
CY2024Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits	8000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits	9000000	usd
CY2024Q2	us-gaap	Finance Lease Liability FinanceLeaseLiability	165000000	usd
CY2023Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	158000000	usd
CY2024Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	1000000	usd
CY2023Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	35000000	usd
CY2024Q2	drs	Debt And Capital Lease Obligations Gross DebtAndCapitalLeaseObligationsGross	374000000	usd
CY2023Q4	drs	Debt And Capital Lease Obligations Gross DebtAndCapitalLeaseObligationsGross	407000000	usd
CY2024Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	1000000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	1000000	usd
CY2024Q2	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	373000000	usd
CY2023Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	406000000	usd
CY2024Q2	us-gaap	Debt Current DebtCurrent	22000000	usd
CY2023Q4	us-gaap	Debt Current DebtCurrent	57000000	usd
CY2024Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	351000000	usd
CY2023Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	349000000	usd
CY2024Q2	us-gaap	Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount	1000000	usd
CY2023Q4	us-gaap	Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount	35000000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	38000000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	38000000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	35000000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	35000000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	67000000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	67000000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	47000000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	47000000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	263000000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	261000000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	263000000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	261000000	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	4000000	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3000000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	4000000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2000000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	267000000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	264000000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	267000000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	263000000	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.14
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.14
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.25
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.18
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.14
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.13
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.25
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.18
CY2023Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	26000000	usd
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	12000000	usd
	drs	Standard Product Warrant Accrual Decrease For Payments And Increase Decrease For Preexisting Warranties StandardProductWarrantAccrualDecreaseForPaymentsAndIncreaseDecreaseForPreexistingWarranties	11000000	usd
CY2024Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	27000000	usd
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	753000000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	628000000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1441000000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1197000000	usd
CY2024Q2	drs	Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization	82000000	usd
CY2023Q2	drs	Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization	62000000	usd
	drs	Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization	152000000	usd
	drs	Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization	111000000	usd
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6000000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	11000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	11000000	usd
CY2024Q2	us-gaap	Depreciation Depreciation	17000000	usd
CY2023Q2	us-gaap	Depreciation Depreciation	15000000	usd
	us-gaap	Depreciation Depreciation	34000000	usd
	us-gaap	Depreciation Depreciation	31000000	usd
CY2024Q2	us-gaap	Restructuring Charges RestructuringCharges	1000000	usd
CY2023Q2	us-gaap	Restructuring Charges RestructuringCharges	8000000	usd
	us-gaap	Restructuring Charges RestructuringCharges	5000000	usd
	us-gaap	Restructuring Charges RestructuringCharges	8000000	usd
CY2024Q2	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	7000000	usd
CY2023Q2	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	9000000	usd
	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	12000000	usd
	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	17000000	usd
CY2024Q2	drs	Deal Related Transaction Costs DealRelatedTransactionCosts	3000000	usd
CY2023Q2	drs	Deal Related Transaction Costs DealRelatedTransactionCosts	1000000	usd
	drs	Deal Related Transaction Costs DealRelatedTransactionCosts	4000000	usd
	drs	Deal Related Transaction Costs DealRelatedTransactionCosts	3000000	usd
CY2024Q2	drs	Other Nonoperating Income Expense Nonrecurring Events OtherNonoperatingIncomeExpenseNonrecurringEvents	-1000000	usd
CY2023Q2	drs	Other Nonoperating Income Expense Nonrecurring Events OtherNonoperatingIncomeExpenseNonrecurringEvents	9000000	usd
	drs	Other Nonoperating Income Expense Nonrecurring Events OtherNonoperatingIncomeExpenseNonrecurringEvents	-2000000	usd
	drs	Other Nonoperating Income Expense Nonrecurring Events OtherNonoperatingIncomeExpenseNonrecurringEvents	8000000	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9000000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	17000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2000000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	38000000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	35000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	67000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	47000000	usd
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
drs-20240630_cal.xml	Edgar Link	unprocessable
0001628280-24-033473-index-headers.html	Edgar Link	pending
0001628280-24-033473-index.html	Edgar Link	pending
0001628280-24-033473.txt	Edgar Link	pending
0001628280-24-033473-xbrl.zip	Edgar Link	pending
drs-20240630.htm	Edgar Link	pending
drs-20240630.xsd	Edgar Link	pending
Financial_Report.xlsx	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
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
drs-20240630_def.xml	Edgar Link	unprocessable
drs-20240630_lab.xml	Edgar Link	unprocessable
drs-20240630_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
drs-20240630_htm.xml	Edgar Link	completed
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
signed_ex311x2024q2xceocer.htm	Edgar Link	pending
signed_ex312x2024q2xcfocer.htm	Edgar Link	pending
signed_ex321x2024q2xceocer.htm	Edgar Link	pending
signed_ex322x2024q2xcfocer.htm	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$DRS
Leonardo DRS, Inc. Stock $drs

2024 Q3 Form 10-Q Financial Statement

#000162828024033473 Filed on July 30, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DRS Leonardo DRS, Inc. Stock $drs

2024 Q3 Form 10-Q Financial Statement

#000162828024033473 Filed on July 30, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DRS
Leonardo DRS, Inc. Stock $drs