$LHX
L3HARRIS TECHNOLOGIES, INC. /DE/

2023 Q4 Form 10-Q Financial Statement

#000020205823000057 Filed on October 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $5.340B $4.915B
YoY Change 16.64% 18.86%
Cost Of Revenue $3.935B $3.608B
YoY Change 18.67% 24.11%
Gross Profit $1.405B $1.307B
YoY Change 11.33% 6.43%
Gross Profit Margin 26.31% 26.59%
Selling, General & Admin $878.0M $828.0M
YoY Change 14.47% 11.29%
% of Gross Profit 62.49% 63.35%
Research & Development $124.0M $125.0M
YoY Change
% of Gross Profit 8.83% 9.56%
Depreciation & Amortization $350.0M $310.0M
YoY Change 45.23% 33.05%
% of Gross Profit 24.91% 23.72%
Operating Expenses $878.0M $828.0M
YoY Change 14.47% 11.29%
Operating Profit $527.0M $479.0M
YoY Change 6.46% -1.03%
Interest Expense -$171.0M -$159.0M
YoY Change 131.08% 137.31%
% of Operating Profit -32.45% -33.19%
Other Income/Expense, Net $93.00M $80.00M
YoY Change -16.96% -25.93%
Pretax Income $76.00M $400.0M
YoY Change -85.74% -23.81%
Income Tax -$50.00M $18.00M
% Of Pretax Income -65.79% 4.5%
Net Earnings $158.0M $383.0M
YoY Change -62.02% -18.68%
Net Earnings / Revenue 2.96% 7.79%
Basic Earnings Per Share $2.02
Diluted Earnings Per Share $0.83 $2.02
COMMON SHARES
Basic Shares Outstanding 189.5M shares 189.1M shares
Diluted Shares Outstanding 190.1M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $560.0M $499.0M
YoY Change -36.36% 18.81%
Cash & Equivalents $560.0M $499.0M
Short-Term Investments
Other Short-Term Assets $1.597B $463.0M
YoY Change 518.99% 98.71%
Inventory $1.472B $1.638B
Prepaid Expenses
Receivables $4.426B $1.381B
Other Receivables $0.00 $43.00M
Total Short-Term Assets $8.055B $7.501B
YoY Change 25.68% 21.22%
LONG-TERM ASSETS
Property, Plant & Equipment $2.862B $3.576B
YoY Change 0.07% 27.58%
Goodwill $19.98B $20.74B
YoY Change 15.6% 14.29%
Intangibles $8.500B $9.050B
YoY Change 41.64% 43.17%
Long-Term Investments
YoY Change
Other Assets $2.251B $961.0M
YoY Change 131.82% 65.69%
Total Long-Term Assets $33.63B $34.79B
YoY Change 24.03% 24.48%
TOTAL ASSETS
Total Short-Term Assets $8.055B $7.501B
Total Long-Term Assets $33.63B $34.79B
Total Assets $41.69B $42.29B
YoY Change 24.35% 23.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.106B $2.112B
YoY Change 8.28% 22.72%
Accrued Expenses $1.673B $1.651B
YoY Change 320.35% 29.09%
Deferred Revenue $1.900B $1.940B
YoY Change 35.71% 52.76%
Short-Term Debt $1.602B $2.033B
YoY Change 80000.0% 101550.0%
Long-Term Debt Due $363.0M $363.0M
YoY Change -55.62% 38.55%
Total Short-Term Liabilities $8.004B $8.482B
YoY Change 75.41% 73.67%
LONG-TERM LIABILITIES
Long-Term Debt $11.16B $11.14B
YoY Change 79.28% 64.26%
Other Long-Term Liabilities $2.879B $1.479B
YoY Change -29.99% 39.92%
Total Long-Term Liabilities $14.04B $12.62B
YoY Change 35.81% 25.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.004B $8.482B
Total Long-Term Liabilities $14.04B $12.62B
Total Liabilities $22.86B $23.58B
YoY Change 53.41% 57.73%
SHAREHOLDERS EQUITY
Retained Earnings $3.220B $3.278B
YoY Change 9.41% -1.03%
Common Stock $15.74B $15.66B
YoY Change -0.79% -2.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.83B $18.62B
YoY Change
Total Liabilities & Shareholders Equity $41.69B $42.29B
YoY Change 24.35% 23.89%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $158.0M $383.0M
YoY Change -62.02% -18.68%
Depreciation, Depletion And Amortization $350.0M $310.0M
YoY Change 45.23% 33.05%
Cash From Operating Activities $789.0M $543.0M
YoY Change 0.9% -27.5%
INVESTING ACTIVITIES
Capital Expenditures $137.0M $148.0M
YoY Change -340.35% -338.71%
Acquisitions
YoY Change
Other Investing Activities $54.00M -$4.716B
YoY Change -1180.0% -94420.0%
Cash From Investing Activities -$83.00M -$4.864B
YoY Change 33.87% 8433.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -660.0M 4.460B
YoY Change 71.43% -774.74%
NET CHANGE
Cash From Operating Activities 789.0M 543.0M
Cash From Investing Activities -83.00M -4.864B
Cash From Financing Activities -660.0M 4.460B
Net Change In Cash 46.00M 139.0M
YoY Change -86.27% 348.39%
FREE CASH FLOW
Cash From Operating Activities $789.0M $543.0M
Capital Expenditures $137.0M $148.0M
Free Cash Flow $652.0M $395.0M
YoY Change -22.29% -51.29%

Facts In Submission

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Files In Submission

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0000202058-23-000057.txt Edgar Link pending
0000202058-23-000057-xbrl.zip Edgar Link pending
exhibit103-rspamendment13.htm Edgar Link pending
exhibit15cy23-q310xq.htm Edgar Link pending
exhibit311cy23-q310xq.htm Edgar Link pending
exhibit312cy23-q310xq.htm Edgar Link pending
exhibit321cy23-q310xq.htm Edgar Link pending
exhibit322cy23-q310xq.htm Edgar Link pending
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hrs-20230929.htm Edgar Link pending
hrs-20230929.xsd Edgar Link pending
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