$LHX
L3HARRIS TECHNOLOGIES, INC. /DE/

2024 Q4 Form 10-Q Financial Statement

#000020205824000168 Filed on October 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $5.292B
YoY Change 7.67%
Cost Of Revenue $3.873B
YoY Change 7.34%
Gross Profit $1.419B
YoY Change 8.57%
Gross Profit Margin 26.81%
Selling, General & Admin $924.0M
YoY Change 11.59%
% of Gross Profit 65.12%
Research & Development $135.0M
YoY Change 8.0%
% of Gross Profit 9.51%
Depreciation & Amortization $324.0M
YoY Change 4.52%
% of Gross Profit 22.83%
Operating Expenses $924.0M
YoY Change 11.59%
Operating Profit $495.0M
YoY Change 3.34%
Interest Expense -$166.0M
YoY Change 4.4%
% of Operating Profit -33.54%
Other Income/Expense, Net $101.0M
YoY Change 26.25%
Pretax Income $430.0M
YoY Change 7.5%
Income Tax $26.00M
% Of Pretax Income 6.05%
Net Earnings $400.0M
YoY Change 4.44%
Net Earnings / Revenue 7.56%
Basic Earnings Per Share $2.11
Diluted Earnings Per Share $2.10
COMMON SHARES
Basic Shares Outstanding 189.7M shares 189.7M shares
Diluted Shares Outstanding 190.5M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $539.0M
YoY Change 8.02%
Cash & Equivalents $539.0M
Short-Term Investments
Other Short-Term Assets $462.0M
YoY Change -0.22%
Inventory $1.399B
Prepaid Expenses
Receivables $1.042B
Other Receivables $329.0M
Total Short-Term Assets $8.302B
YoY Change 10.68%
LONG-TERM ASSETS
Property, Plant & Equipment $2.795B
YoY Change -21.84%
Goodwill $20.43B
YoY Change -1.46%
Intangibles $7.874B
YoY Change -12.99%
Long-Term Investments
YoY Change
Other Assets $2.366B
YoY Change 146.2%
Total Long-Term Assets $33.59B
YoY Change -3.46%
TOTAL ASSETS
Total Short-Term Assets $8.302B
Total Long-Term Assets $33.59B
Total Assets $41.89B
YoY Change -0.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.049B
YoY Change -2.98%
Accrued Expenses $1.951B
YoY Change 18.17%
Deferred Revenue $1.878B
YoY Change -3.2%
Short-Term Debt $1.177B
YoY Change -42.11%
Long-Term Debt Due $640.0M
YoY Change 76.31%
Total Short-Term Liabilities $7.973B
YoY Change -6.0%
LONG-TERM LIABILITIES
Long-Term Debt $11.09B
YoY Change -0.42%
Other Long-Term Liabilities $2.876B
YoY Change 94.46%
Total Long-Term Liabilities $13.97B
YoY Change 10.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.973B
Total Long-Term Liabilities $13.97B
Total Liabilities $22.83B
YoY Change -3.18%
SHAREHOLDERS EQUITY
Retained Earnings $3.515B
YoY Change 7.23%
Common Stock $15.68B
YoY Change 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.00B
YoY Change
Total Liabilities & Shareholders Equity $41.89B
YoY Change -0.96%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $400.0M
YoY Change 4.44%
Depreciation, Depletion And Amortization $324.0M
YoY Change 4.52%
Cash From Operating Activities $780.0M
YoY Change 43.65%
INVESTING ACTIVITIES
Capital Expenditures $78.00M
YoY Change -47.3%
Acquisitions
YoY Change
Other Investing Activities -$15.00M
YoY Change -99.68%
Cash From Investing Activities -$93.00M
YoY Change -98.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -709.0M
YoY Change -115.9%
NET CHANGE
Cash From Operating Activities 780.0M
Cash From Investing Activities -93.00M
Cash From Financing Activities -709.0M
Net Change In Cash -22.00M
YoY Change -115.83%
FREE CASH FLOW
Cash From Operating Activities $780.0M
Capital Expenditures $78.00M
Free Cash Flow $702.0M
YoY Change 77.72%

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dei Security12b Title
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dei Trading Symbol
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<div style="margin-top:9pt"><span style="color:#016676;font-family:'IBM Plex Sans SemiBold',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:5pt;text-indent:18pt"><span style="color:#283030;font-family:'IBM Plex Sans',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the accompanying Condensed Consolidated Financial Statements and these Notes and related disclosures. These estimates and assumptions are based on experience and other information available prior to issuance of the accompanying Condensed Consolidated Financial Statements and these Notes. Materially different results can occur as circumstances change and additional information becomes known.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
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us-gaap Number Of Operating Segments
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us-gaap Number Of Reportable Segments
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14079000000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
495000000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
479000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1349000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1272000000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
101000000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
80000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
275000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
245000000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
166000000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
159000000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
514000000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
372000000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
430000000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
400000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1110000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1145000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024Q3 us-gaap Assets
Assets
41889000000 usd
CY2023Q4 us-gaap Assets
Assets
41687000000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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