$LHX
L3HARRIS TECHNOLOGIES, INC. /DE/

2013 Q4 Form 10-Q Financial Statement

#000119312515040490 Filed on February 10, 2015

View on sec.gov

Income Statement

Concept 2013 Q4
Revenue $1.223B
YoY Change -4.95%
Cost Of Revenue $795.4M
YoY Change -5.91%
Gross Profit $427.8M
YoY Change -3.1%
Gross Profit Margin 34.97%
Selling, General & Admin $204.7M
YoY Change -3.94%
% of Gross Profit 47.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.40M
YoY Change -9.03%
% of Gross Profit 11.78%
Operating Expenses $204.7M
YoY Change -3.94%
Operating Profit $223.1M
YoY Change -2.32%
Interest Expense $23.70M
YoY Change -14.13%
% of Operating Profit 10.62%
Other Income/Expense, Net $3.200M
YoY Change -390.91%
Pretax Income $203.3M
YoY Change 1.55%
Income Tax $66.20M
% Of Pretax Income 32.56%
Net Earnings $136.2M
YoY Change 180.82%
Net Earnings / Revenue 11.13%
Basic Earnings Per Share $1.27
Diluted Earnings Per Share $1.26
COMMON SHARES
Basic Shares Outstanding 106.3M shares
Diluted Shares Outstanding 107.3M shares

Balance Sheet

Concept 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $334.0M
YoY Change 1.83%
Cash & Equivalents $334.4M
Short-Term Investments
Other Short-Term Assets $92.20M
YoY Change 18.66%
Inventory $688.8M
Prepaid Expenses
Receivables $684.0M
Other Receivables $54.00M
Total Short-Term Assets $1.972B
YoY Change -12.69%
LONG-TERM ASSETS
Property, Plant & Equipment $668.9M
YoY Change 0.35%
Goodwill $1.702B
YoY Change -0.42%
Intangibles $285.8M
YoY Change -24.85%
Long-Term Investments
YoY Change
Other Assets $155.4M
YoY Change 7.84%
Total Long-Term Assets $2.912B
YoY Change -2.36%
TOTAL ASSETS
Total Short-Term Assets $1.972B
Total Long-Term Assets $2.912B
Total Assets $4.884B
YoY Change -6.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $341.5M
YoY Change 14.21%
Accrued Expenses $411.0M
YoY Change -3.75%
Deferred Revenue
YoY Change
Short-Term Debt $93.70M
YoY Change 145.93%
Long-Term Debt Due $5.000M
YoY Change -61.54%
Total Short-Term Liabilities $1.151B
YoY Change -1.07%
LONG-TERM LIABILITIES
Long-Term Debt $1.577B
YoY Change -16.07%
Other Long-Term Liabilities $352.5M
YoY Change 30.8%
Total Long-Term Liabilities $2.020B
YoY Change -10.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.151B
Total Long-Term Liabilities $2.020B
Total Liabilities $3.171B
YoY Change -7.15%
SHAREHOLDERS EQUITY
Retained Earnings $1.147B
YoY Change -6.16%
Common Stock $605.6M
YoY Change 2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.714B
YoY Change
Total Liabilities & Shareholders Equity $4.884B
YoY Change -6.82%

Cashflow Statement

Concept 2013 Q4
OPERATING ACTIVITIES
Net Income $136.2M
YoY Change 180.82%
Depreciation, Depletion And Amortization $50.40M
YoY Change -9.03%
Cash From Operating Activities $106.9M
YoY Change -32.77%
INVESTING ACTIVITIES
Capital Expenditures -$51.60M
YoY Change 32.31%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$51.60M
YoY Change 47.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -53.00M
YoY Change -56.81%
NET CHANGE
Cash From Operating Activities 106.9M
Cash From Investing Activities -51.60M
Cash From Financing Activities -53.00M
Net Change In Cash 2.300M
YoY Change 76.92%
FREE CASH FLOW
Cash From Operating Activities $106.9M
Capital Expenditures -$51.60M
Free Cash Flow $158.5M
YoY Change -19.95%

Facts In Submission

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DebtAndCapitalLeaseObligations
1577200000 USD
CY2015Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1809300000 USD
CY2014Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1799600000 USD
CY2015Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
70200000 USD
CY2014Q2 invest Derivative Notional Amount
DerivativeNotionalAmount
155700000 USD
us-gaap Derivative Lower Remaining Maturity Range1
DerivativeLowerRemainingMaturityRange1
P1M
us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P6M
us-gaap Average Remaining Maturity Of Foreign Currency Derivatives1
AverageRemainingMaturityOfForeignCurrencyDerivatives1
P1M
hrs Segment Reporting Information Unallocated Corporate Expense
SegmentReportingInformationUnallocatedCorporateExpense
-16800000 USD
hrs Net Interest Expense
NetInterestExpense
-22000000 USD
hrs Segment Reporting Information Corporate Eliminations Operating Income
SegmentReportingInformationCorporateEliminationsOperatingIncome
-3100000 USD
CY2013Q4 hrs Net Interest Expense
NetInterestExpense
-23000000 USD
CY2013Q4 hrs Segment Reporting Information Corporate Eliminations Operating Income
SegmentReportingInformationCorporateEliminationsOperatingIncome
-3800000 USD
CY2013Q4 hrs Segment Reporting Information Unallocated Corporate Expense
SegmentReportingInformationUnallocatedCorporateExpense
-14400000 USD
hrs Segment Reporting Information Corporate Eliminations Operating Income
SegmentReportingInformationCorporateEliminationsOperatingIncome
-5300000 USD
hrs Segment Reporting Information Unallocated Corporate Expense
SegmentReportingInformationUnallocatedCorporateExpense
-30700000 USD
hrs Net Interest Expense
NetInterestExpense
-44100000 USD
hrs Segment Reporting Information Unallocated Corporate Expense
SegmentReportingInformationUnallocatedCorporateExpense
-30400000 USD
hrs Net Interest Expense
NetInterestExpense
-46100000 USD
hrs Segment Reporting Information Corporate Eliminations Operating Income
SegmentReportingInformationCorporateEliminationsOperatingIncome
-7100000 USD
us-gaap Subsequent Events Date
SubsequentEventsDate
2015-02-05

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