$DRS
Leonardo DRS, Inc.

2024 Q4 Form 10-Q Financial Statement

#000162828024044314 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $812.0M
YoY Change 15.5%
Cost Of Revenue $633.0M
YoY Change 17.01%
Gross Profit $179.0M
YoY Change 10.49%
Gross Profit Margin 22.04%
Selling, General & Admin $98.00M
YoY Change 2.08%
% of Gross Profit 54.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.00M
YoY Change 6.25%
% of Gross Profit 9.5%
Operating Expenses $104.0M
YoY Change 0.97%
Operating Profit $75.00M
YoY Change 27.12%
Interest Expense -$5.000M
YoY Change -150.0%
% of Operating Profit -6.67%
Other Income/Expense, Net -$1.000M
YoY Change 0.0%
Pretax Income $69.00M
YoY Change 43.75%
Income Tax $12.00M
% Of Pretax Income 17.39%
Net Earnings $57.00M
YoY Change 21.28%
Net Earnings / Revenue 7.02%
Basic Earnings Per Share $0.22
Diluted Earnings Per Share $0.21
COMMON SHARES
Basic Shares Outstanding 264.4M shares 263.7M shares
Diluted Shares Outstanding 268.0M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $198.0M
YoY Change 321.28%
Cash & Equivalents $198.0M
Short-Term Investments
Other Short-Term Assets $36.00M
YoY Change 12.5%
Inventory $363.0M
Prepaid Expenses $29.00M
Receivables $237.0M
Other Receivables $0.00
Total Short-Term Assets $1.860B
YoY Change 6.9%
LONG-TERM ASSETS
Property, Plant & Equipment $415.0M
YoY Change 4.01%
Goodwill $1.238B
YoY Change 0.16%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $86.00M
YoY Change -9.47%
Total Long-Term Assets $2.001B
YoY Change 1.42%
TOTAL ASSETS
Total Short-Term Assets $1.860B
Total Long-Term Assets $2.001B
Total Assets $3.861B
YoY Change 3.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $292.0M
YoY Change -10.98%
Accrued Expenses $163.0M
YoY Change 8.67%
Deferred Revenue $315.0M
YoY Change 22.09%
Short-Term Debt $1.000M
YoY Change 0.0%
Long-Term Debt Due $22.00M
YoY Change -83.33%
Total Short-Term Liabilities $880.0M
YoY Change -7.47%
LONG-TERM LIABILITIES
Long-Term Debt $345.0M
YoY Change -1.71%
Other Long-Term Liabilities $122.0M
YoY Change -3.17%
Total Long-Term Liabilities $507.0M
YoY Change -2.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $880.0M
Total Long-Term Liabilities $507.0M
Total Liabilities $1.387B
YoY Change -5.71%
SHAREHOLDERS EQUITY
Retained Earnings -$2.682B
YoY Change -6.88%
Common Stock $3.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.474B
YoY Change
Total Liabilities & Shareholders Equity $3.861B
YoY Change 3.99%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $57.00M
YoY Change 21.28%
Depreciation, Depletion And Amortization $17.00M
YoY Change 6.25%
Cash From Operating Activities $59.00M
YoY Change 63.89%
INVESTING ACTIVITIES
Capital Expenditures $12.00M
YoY Change -20.0%
Acquisitions
YoY Change
Other Investing Activities $1.000M
YoY Change -200.0%
Cash From Investing Activities -$11.00M
YoY Change -31.25%
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
YoY Change -112.5%
NET CHANGE
Cash From Operating Activities 59.00M
Cash From Investing Activities -11.00M
Cash From Financing Activities 1.000M
Net Change In Cash 49.00M
YoY Change 308.33%
FREE CASH FLOW
Cash From Operating Activities $59.00M
Capital Expenditures $12.00M
Free Cash Flow $47.00M
YoY Change 123.81%

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SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
100000000 usd
CY2023Q3 drs Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
82000000 usd
drs Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
252000000 usd
drs Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
193000000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16000000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
17000000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
16000000 usd
us-gaap Depreciation
Depreciation
51000000 usd
us-gaap Depreciation
Depreciation
47000000 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
0 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
2000000 usd
us-gaap Restructuring Charges
RestructuringCharges
5000000 usd
us-gaap Restructuring Charges
RestructuringCharges
10000000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
5000000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
10000000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
17000000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
27000000 usd
CY2024Q3 drs Deal Related Transaction Costs
DealRelatedTransactionCosts
1000000 usd
CY2023Q3 drs Deal Related Transaction Costs
DealRelatedTransactionCosts
1000000 usd
drs Deal Related Transaction Costs
DealRelatedTransactionCosts
5000000 usd
drs Deal Related Transaction Costs
DealRelatedTransactionCosts
4000000 usd
CY2024Q3 drs Other Nonoperating Income Expense Nonrecurring Events
OtherNonoperatingIncomeExpenseNonrecurringEvents
-2000000 usd
CY2023Q3 drs Other Nonoperating Income Expense Nonrecurring Events
OtherNonoperatingIncomeExpenseNonrecurringEvents
0 usd
drs Other Nonoperating Income Expense Nonrecurring Events
OtherNonoperatingIncomeExpenseNonrecurringEvents
-4000000 usd
drs Other Nonoperating Income Expense Nonrecurring Events
OtherNonoperatingIncomeExpenseNonrecurringEvents
8000000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12000000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
57000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
47000000 usd
us-gaap Net Income Loss
NetIncomeLoss
124000000 usd
us-gaap Net Income Loss
NetIncomeLoss
94000000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001628280-24-044314-index-headers.html Edgar Link pending
0001628280-24-044314-index.html Edgar Link pending
0001628280-24-044314.txt Edgar Link pending
0001628280-24-044314-xbrl.zip Edgar Link pending
drs-20240930.htm Edgar Link pending
drs-20240930.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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drs-20240930_def.xml Edgar Link unprocessable
drs-20240930_lab.xml Edgar Link unprocessable
drs-20240930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
drs-20240930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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signed_ex311x2024q3xceocer.htm Edgar Link pending
signed_ex312x2024q3xcfocer.htm Edgar Link pending
signed_ex321x2024q3xceocer.htm Edgar Link pending
signed_ex322x2024q3xcfocer.htm Edgar Link pending
drs-20240930_cal.xml Edgar Link unprocessable