L3Harris Technologies (LHX) Financials

$222.60 +0.57 (+0.26%)

As of 03:58 PM Eastern

Annual Income Statements for L3Harris Technologies

This table shows L3Harris Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	334	324	543	699	949	1,119	1,846	1,062	1,227	1,502
Consolidated Net Income / (Loss)	334	324	543	699	949	1,086	1,842	1,061	1,198	1,512
Net Income / (Loss) Continuing Operations	287	611	628	702	953	1,088	1,843	1,061	1,198	1,512
Total Pre-Tax Income	396	884	889	908	1,113	1,322	2,283	1,273	1,221	1,597
Total Operating Income	632	1,055	893	920	1,092	1,226	2,109	1,127	1,426	1,918
Total Gross Profit	1,515	2,160	2,043	2,102	2,334	5,308	5,376	4,927	5,113	5,524
Total Revenue	3,885	5,992	5,897	6,168	6,801	18,194	17,814	17,062	19,419	21,325
Operating Revenue	3,885	5,992	5,897	6,168	6,801	18,194	17,814	17,062	19,419	21,325
Total Cost of Revenue	2,370	3,832	3,854	4,066	4,467	12,886	12,438	12,135	14,306	15,801
Operating Cost of Revenue	2,370	3,832	3,854	4,066	4,467	12,886	12,438	12,135	14,306	15,801
Total Operating Expenses	883	1,105	1,150	1,182	1,242	4,082	3,267	3,800	3,687	3,606
Selling, General & Admin Expense	883	1,105	1,150	1,182	1,242	3,315	3,280	2,998	3,313	3,568
Impairment Charge	-	-	-	0.00	0.00	767	207	802	374	38
Total Other Income / (Expense), net	-236	-171	-4.00	-12	21	96	174	146	-205	-321
Interest & Investment Income	2.00	2.00	2.00	2.00	-	-	-	-279	-543	-675
Other Income / (Expense), net	-108	10	166	156	188	350	439	425	338	354
Income Tax Expense	109	273	261	206	160	234	440	212	23	85
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	0.00	-33	-4.00	-1.00	-29	10
Basic Earnings per Share	$3.15	$2.61	$4.42	$5.88	$8.03	$5.23	$9.17	$5.54	$6.47	$7.91
Weighted Average Basic Shares Outstanding	105.70M	123.80M	122.90M	118.90M	-	205.57M	193.07M	190.09M	190.11M	188.31M
Diluted Earnings per Share	$3.11	$2.59	$4.36	$5.76	$7.86	$5.19	$9.09	$5.49	$6.44	$7.87
Weighted Average Diluted Shares Outstanding	105.70M	123.80M	122.90M	118.90M	-	205.57M	193.07M	190.09M	190.11M	188.31M
Weighted Average Basic & Diluted Shares Outstanding	105.70M	123.80M	122.90M	118.90M	-	205.57M	193.07M	190.09M	190.11M	188.31M
Cash Dividends to Common per Share	-	-	-	-	-	$3.40	$4.08	$4.48	$4.56	$4.64

This table shows L3Harris Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-300	416	337	349	383	158	283	366	400	453
Consolidated Net Income / (Loss)	-301	417	339	351	382	126	285	367	404	456
Net Income / (Loss) Continuing Operations	-301	417	339	351	382	126	285	367	404	456
Total Pre-Tax Income	-321	533	373	372	400	76	290	390	430	487
Total Operating Income	-350	495	393	400	479	154	378	476	495	569
Total Gross Profit	1,194	1,262	1,166	1,187	1,307	1,453	1,348	1,360	1,419	1,397
Total Revenue	4,246	4,578	4,471	4,693	4,915	5,340	5,211	5,299	5,292	5,523
Operating Revenue	4,246	4,578	4,471	4,693	4,915	5,340	5,211	5,299	5,292	5,523
Total Cost of Revenue	3,052	3,316	3,305	3,506	3,608	3,887	3,863	3,939	3,873	4,126
Operating Cost of Revenue	3,052	3,316	3,305	3,506	3,608	3,887	3,863	3,939	3,873	4,126
Total Operating Expenses	1,544	767	773	787	828	1,299	970	884	924	828
Selling, General & Admin Expense	742	767	773	787	828	925	970	884	924	790
Total Other Income / (Expense), net	29	38	-20	-28	-79	-78	-88	-86	-65	-82
Other Income / (Expense), net	99	112	82	83	80	93	88	86	101	79
Income Tax Expense	-20	116	34	21	18	-50	5.00	23	26	31
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.00	1.00	2.00	2.00	-1.00	-32	2.00	1.00	4.00	3.00
Basic Earnings per Share	($1.56)	$2.19	$1.77	$1.84	$2.02	$0.84	$1.49	$1.93	$2.11	$2.38
Weighted Average Basic Shares Outstanding	191.30M	190.09M	190.20M	189.20M	189.30M	190.11M	189.80M	189.70M	189.60M	188.31M
Diluted Earnings per Share	($1.56)	$2.19	$1.76	$1.83	$2.02	$0.83	$1.48	$1.92	$2.10	$2.37
Weighted Average Diluted Shares Outstanding	191.30M	190.09M	191.20M	190.10M	190.10M	190.11M	190.80M	190.60M	190.50M	188.31M
Weighted Average Basic & Diluted Shares Outstanding	190.40M	190.09M	189.45M	189.13M	189.54M	190.11M	189.68M	189.71M	189.67M	188.31M
Cash Dividends to Common per Share	$1.12	-	$1.14	$1.14	$1.14	$1.14	$1.16	$1.16	$1.16	$1.16

This table details how cash moves in and out of L3Harris Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-80	6.00	465	-195	242	452	-335	-61	-320	55
Net Cash From Operating Activities	854	924	569	751	1,185	2,790	2,687	2,158	2,096	2,559
Net Cash From Continuing Operating Activities	854	924	1,033	751	1,185	2,790	2,687	2,158	2,096	2,559
Net Income / (Loss) Continuing Operations	334	324	543	699	949	1,086	1,842	1,061	1,198	1,512
Consolidated Net Income / (Loss)	334	324	543	699	949	1,086	1,842	1,061	1,198	1,512
Depreciation Expense	233	229	311	142	143	323	340	938	1,166	1,289
Non-Cash Adjustments To Reconcile Net Income	191	390	-373	-415	-10	669	-823	732	481	-81
Changes in Operating Assets and Liabilities, net	85	-151	88	208	-12	3.00	701	-573	-749	-161
Net Cash From Investing Activities	-3,284	-1.00	870	-141	-159	751	1,394	-250	-7,021	-263
Net Cash From Continuing Investing Activities	-3,284	-1.00	870	-141	-159	751	1,394	-250	-7,021	-263
Purchase of Property, Plant & Equipment	-148	-152	-119	-136	-161	-368	-342	-252	-449	-408
Acquisitions	-3,186	-	-	-	-	-12	0.00	0.00	-6,688	0.00
Sale of Property, Plant & Equipment	-	-	0.00	0.00	0.00	91	7.00	14	56	1.00
Divestitures	50	170	1,014	0.00	0.00	1,040	1,729	23	71	273
Other Investing Activities, net	0.00	0.00	-25	-5.00	2.00	0.00	0.00	-35	-11	-129
Net Cash From Financing Activities	2,373	-893	-1,438	-805	-781	-3,112	-4,413	-1,951	4,594	-2,224
Net Cash From Continuing Financing Activities	2,373	-893	-1,438	-805	-781	-3,112	-4,413	-1,951	4,594	-2,224
Repayment of Debt	-1,009	-746	-584	-1,665	-309	-937	-24	-65	-2,793	-4,432
Repurchase of Common Equity	-150	0.00	-710	-272	-200	-2,290	-3,675	-1,083	-518	-554
Payment of Dividends	-198	-252	-262	-272	-325	-725	-817	-864	-868	-886
Issuance of Debt	3,683	61	85	1,387	27	901	6.00	4.00	8,749	3,515
Other Financing Activities, net	47	44	33	17	26	-61	97	57	24	133
Effect of Exchange Rate Changes	-23	-24	-	-	-	23	-3.00	-	11	-17

This table details how cash moves in and out of L3Harris Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	109	351	-335	-179	133	61	-83	70	-8.00	76
Net Cash From Operating Activities	588	782	350	414	543	789	-104	754	780	1,129
Net Cash From Continuing Operating Activities	588	782	350	414	543	789	-104	754	780	1,129
Net Income / (Loss) Continuing Operations	-301	417	339	351	382	126	285	367	404	456
Consolidated Net Income / (Loss)	-301	417	339	351	382	126	285	367	404	456
Depreciation Expense	81	695	85	421	310	350	103	536	324	326
Non-Cash Adjustments To Reconcile Net Income	688	93	-260	126	28	587	-316	203	-199	231
Changes in Operating Assets and Liabilities, net	-31	31	21	-319	-177	-274	-393	-135	251	116
Net Cash From Investing Activities	-67	-62	-2,048	-26	-4,864	-83	-116	58	-93	-112
Net Cash From Continuing Investing Activities	-67	-62	-2,048	-26	-4,864	-83	-116	58	-93	-112
Purchase of Property, Plant & Equipment	-64	-71	-71	-93	-148	-137	-115	-97	-78	-118
Divestitures	3.00	18	-	-	-	-	-	-	-	115
Other Investing Activities, net	5.00	-42	-4.00	-4.00	-1.00	-2.00	-1.00	-3.00	-15	-110
Net Cash From Financing Activities	-392	-385	1,361	-567	4,460	-660	144	-744	-709	-915
Net Cash From Continuing Financing Activities	-392	-385	1,361	-567	4,460	-660	144	-744	-709	-915
Repayment of Debt	-4.00	-48	-282	-274	-1,307	-930	-2,151	-1,108	-498	-675
Repurchase of Common Equity	-171	-183	-396	-122	-	-	-233	-89	-190	-42
Payment of Dividends	-215	-214	-220	-216	-216	-216	-224	-221	-220	-221
Issuance of Debt	-2.00	-1.00	2,248	56	5,965	480	2,717	709	88	1.00
Other Financing Activities, net	-	61	11	-	-	6.00	35	-	-	22
Effect of Exchange Rate Changes	-20	-	2.00	-	-6.00	15	-7.00	2.00	14	-26

This table presents L3Harris Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	13,127	12,009	10,090	9,851	10,117	36,960	34,709	33,524	41,687	42,001
Total Current Assets	3,183	2,624	2,073	2,224	2,578	6,667	6,359	6,754	8,055	8,218
Cash & Equivalents	481	487	484	288	530	1,276	941	880	560	615
Accounts Receivable	1,168	674	623	466	457	1,344	1,045	1,251	1,230	1,072
Inventories, net	1,015	867	841	411	360	1,034	982	1,291	1,472	1,330
Current Deferred & Refundable Income Taxes	87	75	24	174	191	295	98	-	61	379
Other Current Assets	165	124	101	885	907	2,683	3,293	3,285	3,626	3,691
Other Current Nonoperating Assets	-	397	-	0.00	133	35	0.00	47	1,106	1,131
Plant, Property, & Equipment, net	1,165	924	904	900	894	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	8,779	8,461	7,113	6,727	6,645	30,293	28,350	26,770	33,632	33,783
Goodwill	6,348	5,352	5,366	5,372	5,340	18,876	18,189	17,283	19,979	20,325
Intangible Assets	1,775	1,231	1,104	989	870	7,908	6,640	6,001	8,540	7,639
Noncurrent Deferred & Refundable Income Taxes	502	549	409	119	173	119	85	73	91	120
Other Noncurrent Operating Assets	154	252	234	247	262	3,390	3,436	3,413	5,022	5,699
Total Liabilities & Shareholders' Equity	13,127	12,009	10,090	9,851	10,117	36,960	34,709	33,524	41,687	42,001
Total Liabilities	9,725	8,952	7,162	6,573	6,754	16,119	15,390	14,900	22,858	22,422
Total Current Liabilities	2,274	1,981	1,926	1,850	2,268	4,240	4,551	5,776	8,004	7,633
Short-Term Debt	163	397	634	382	759	10	13	820	1,965	1,155
Accounts Payable	581	494	540	622	525	1,406	1,767	1,945	2,106	2,005
Current Deferred Revenue	433	294	252	-	-	-	-	-	1,900	2,142
Current Deferred & Payable Income Tax Liabilities	57	4.00	31	15	8.00	49	28	376	88	29
Current Employee Benefit Liabilities	522	165	140	142	161	496	444	398	544	419
Other Current Liabilities	-	-	-	372	496	1,198	1,297	1,400	1,129	1,648
Other Current Nonoperating Liabilities	28	248	-	0.00	36	13	0.00	19	272	235
Total Noncurrent Liabilities	7,451	6,971	5,236	4,723	4,486	11,879	10,839	9,124	14,854	14,789
Long-Term Debt	5,053	4,120	3,396	3,408	2,763	6,943	7,048	6,225	11,160	11,081
Noncurrent Deferred & Payable Income Tax Liabilities	-	4.00	34	79	12	1,237	1,344	719	815	942
Other Noncurrent Operating Liabilities	443	506	528	522	537	1,793	1,833	2,180	2,879	2,766
Total Equity & Noncontrolling Interests	3,402	3,057	2,928	3,278	3,363	20,841	19,319	18,624	18,829	19,579
Total Preferred & Common Equity	3,397	3,056	2,928	3,278	3,363	20,724	19,213	18,523	18,765	19,514
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,397	3,056	2,928	3,278	3,363	20,724	19,213	18,523	18,765	19,514
Common Stock	2,155	2,221	1,861	1,832	1,897	19,216	16,442	15,868	15,743	15,748
Retained Earnings	1,258	1,330	1,343	1,648	2,173	2,347	2,917	2,943	3,220	3,739
Accumulated Other Comprehensive Income / (Loss)	-16	-495	-276	-202	-707	-839	-146	-288	-198	27
Noncontrolling Interest	5.00	1.00	-	0.00	0.00	117	106	101	64	65

This table presents L3Harris Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	33,381	33,524	35,507	35,362	42,293	41,687	41,816	41,657	41,889	42,001
Total Current Assets	6,431	6,754	7,000	6,850	7,501	8,055	8,266	8,047	8,302	8,218
Cash & Equivalents	529	880	545	366	499	560	477	547	539	615
Accounts Receivable	1,138	1,251	1,231	1,383	1,381	1,230	1,209	1,230	1,042	1,072
Inventories, net	1,339	1,291	1,541	1,555	1,638	1,472	1,476	1,432	1,399	1,330
Current Deferred & Refundable Income Taxes	44	-	41	48	43	61	-	-	329	379
Other Current Assets	3,381	3,285	3,581	3,498	3,940	3,626	3,968	3,711	3,863	3,691
Other Current Nonoperating Assets	-	47	61	0.00	0.00	1,106	1,136	1,127	1,130	1,131
Plant, Property, & Equipment, net	0.00	0.00	2,133	0.00	2,818	0.00	2,836	0.00	2,795	0.00
Total Noncurrent Assets	26,950	26,770	26,374	28,512	31,974	33,632	30,714	33,610	30,792	33,783
Goodwill	17,260	17,283	18,291	18,417	20,736	19,979	20,070	20,367	20,433	20,325
Intangible Assets	6,148	6,001	6,688	6,401	9,050	8,540	8,340	8,080	7,874	7,639
Noncurrent Deferred & Refundable Income Taxes	84	73	74	84	87	91	113	134	119	120
Other Noncurrent Operating Assets	3,458	3,413	1,321	3,610	2,101	5,022	2,191	5,029	2,366	5,699
Total Liabilities & Shareholders' Equity	33,381	33,524	35,507	35,362	42,293	41,687	41,816	41,657	41,889	42,001
Total Liabilities	14,942	14,900	17,099	16,831	23,577	22,858	23,086	22,753	22,827	22,422
Total Current Liabilities	5,853	5,776	6,151	6,309	8,482	8,004	8,437	8,981	7,973	7,633
Short-Term Debt	1,065	820	813	943	2,396	1,965	2,568	2,719	1,817	1,155
Accounts Payable	2,078	1,945	2,054	2,029	2,112	2,106	2,112	1,896	2,049	2,005
Current Deferred Revenue	-	-	-	-	-	1,900	-	-	-	2,142
Current Deferred & Payable Income Tax Liabilities	201	376	508	365	383	88	182	274	35	29
Current Employee Benefit Liabilities	349	398	285	389	461	544	379	445	402	419
Other Current Liabilities	1,158	1,400	1,525	1,648	1,940	1,129	1,777	1,889	3,427	1,648
Other Current Nonoperating Liabilities	-	19	20	0.00	0.00	272	245	243	243	235
Total Noncurrent Liabilities	9,089	9,124	10,948	10,522	15,095	14,854	14,649	13,772	14,854	14,789
Long-Term Debt	5,967	6,225	8,220	7,867	11,140	11,160	11,140	10,533	11,093	11,081
Noncurrent Deferred & Payable Income Tax Liabilities	876	719	570	452	812	815	683	443	885	942
Other Noncurrent Operating Liabilities	1,900	2,180	1,950	2,019	2,215	2,879	2,826	2,796	2,876	2,766
Total Equity & Noncontrolling Interests	18,439	18,624	18,408	18,531	18,716	18,829	18,730	18,904	19,062	19,579
Total Preferred & Common Equity	18,337	18,523	18,306	18,428	18,616	18,765	18,666	18,840	18,998	19,514
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	0.00
Total Common Equity	18,337	18,523	18,306	18,428	18,616	18,765	18,666	18,840	18,998	19,514
Common Stock	15,935	15,868	15,596	15,580	15,659	15,743	15,661	15,706	15,677	15,748
Retained Earnings	2,768	2,943	2,998	3,111	3,278	3,220	3,239	3,368	3,515	3,739
Accumulated Other Comprehensive Income / (Loss)	-366	-288	-288	-263	-321	-198	-234	-234	-194	27
Noncontrolling Interest	102	101	102	103	100	64	64	64	64	65

This table displays calculated financial ratios and metrics derived from L3Harris Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-22.49%	54.23%	-1.59%	4.60%	10.26%	167.52%	-2.09%	-4.22%	13.81%	9.82%
EBITDA Growth	-29.54%	85.68%	-3.93%	-2.55%	15.21%	69.57%	34.78%	-29.16%	17.67%	21.54%
EBIT Growth	-40.86%	103.24%	-0.56%	1.61%	18.96%	23.13%	61.68%	-39.09%	13.66%	28.80%
NOPAT Growth	-23.40%	59.20%	-13.49%	12.75%	31.46%	7.91%	68.74%	-44.83%	48.95%	29.79%
Net Income Growth	-37.45%	-2.99%	67.59%	28.73%	35.77%	14.44%	69.61%	-42.40%	12.91%	26.21%
EPS Growth	-37.17%	-16.72%	68.34%	32.11%	36.46%	-33.97%	75.14%	-39.60%	17.30%	22.21%
Operating Cash Flow Growth	0.59%	8.20%	-38.42%	31.99%	57.79%	135.44%	-3.69%	-19.69%	-2.87%	22.09%
Free Cash Flow Firm Growth	-783.51%	159.66%	-97.69%	545.08%	259.51%	-1,419.75%	114.35%	-41.39%	-372.05%	147.09%
Invested Capital Growth	174.33%	-25.22%	9.62%	4.73%	-7.70%	323.39%	-3.99%	-2.67%	23.42%	-0.84%
Revenue Q/Q Growth	-20.35%	10.03%	12.52%	2.02%	-26.87%	43.31%	-1.71%	1.35%	4.08%	0.87%
EBITDA Q/Q Growth	-27.93%	29.28%	1.86%	20.38%	-22.36%	75.62%	10.15%	-2.01%	-19.39%	11.84%
EBIT Q/Q Growth	-38.08%	39.95%	5.16%	3.16%	-8.83%	9.98%	15.61%	-3.00%	-16.95%	21.43%
NOPAT Q/Q Growth	-23.42%	19.49%	-8.46%	29.46%	6.72%	-8.01%	31.38%	-18.33%	-10.77%	21.23%
Net Income Q/Q Growth	-35.89%	200.00%	-6.70%	15.16%	-12.62%	11.04%	19.46%	-5.94%	-19.54%	27.92%
EPS Q/Q Growth	-36.79%	264.79%	-6.24%	14.97%	7.82%	-21.24%	0.00%	0.00%	-17.44%	24.33%
Operating Cash Flow Q/Q Growth	8.10%	-4.35%	-37.20%	142.26%	-10.09%	12.50%	4.84%	-1.82%	0.34%	15.32%
Free Cash Flow Firm Q/Q Growth	-711.24%	166.58%	-97.03%	392.47%	46.42%	-0.58%	-3.68%	-1.81%	16.08%	-23.40%
Invested Capital Q/Q Growth	167.20%	-22.83%	4.00%	-1.92%	-7.89%	-1.90%	0.00%	-0.73%	-3.76%	-0.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.00%	36.05%	34.64%	34.08%	34.32%	29.17%	30.18%	28.88%	26.33%	25.90%
EBITDA Margin	19.77%	23.80%	23.23%	21.64%	22.61%	14.33%	19.73%	14.59%	15.09%	16.70%
Operating Margin	16.27%	17.61%	15.14%	14.92%	16.06%	6.74%	11.84%	6.61%	7.34%	8.99%
EBIT Margin	13.49%	17.77%	17.96%	17.44%	18.82%	8.66%	14.30%	9.10%	9.08%	10.65%
Profit (Net Income) Margin	8.60%	5.41%	9.21%	11.33%	13.95%	5.97%	10.34%	6.22%	6.17%	7.09%
Tax Burden Percent	84.34%	36.65%	61.08%	76.98%	85.27%	82.15%	80.68%	83.35%	98.12%	94.68%
Interest Burden Percent	75.57%	83.00%	83.95%	84.39%	86.95%	83.88%	89.60%	82.02%	69.22%	70.29%
Effective Tax Rate	27.53%	30.88%	29.36%	22.69%	14.38%	17.70%	19.27%	16.65%	1.88%	5.32%
Return on Invested Capital (ROIC)	8.50%	10.56%	10.19%	10.73%	14.34%	6.16%	6.56%	3.74%	5.06%	5.97%
ROIC Less NNEP Spread (ROIC-NNEP)	4.03%	-0.47%	7.44%	10.38%	14.78%	7.96%	8.93%	5.73%	2.81%	3.26%
Return on Net Nonoperating Assets (RNNOA)	4.28%	-0.53%	7.95%	11.79%	14.24%	2.81%	2.62%	1.85%	1.34%	1.91%
Return on Equity (ROE)	12.78%	10.03%	18.15%	22.53%	28.58%	8.97%	9.17%	5.59%	6.40%	7.87%
Cash Return on Invested Capital (CROIC)	-84.64%	39.43%	1.02%	6.12%	22.35%	-117.41%	10.63%	6.44%	-15.91%	6.81%
Operating Return on Assets (OROA)	5.81%	8.47%	9.58%	10.79%	12.82%	6.70%	7.11%	4.55%	4.69%	5.43%
Return on Assets (ROA)	3.70%	2.58%	4.91%	7.01%	9.51%	4.61%	5.14%	3.11%	3.19%	3.61%
Return on Common Equity (ROCE)	12.77%	10.02%	18.14%	22.53%	28.58%	8.93%	9.12%	5.56%	6.37%	7.85%
Return on Equity Simple (ROE_SIMPLE)	9.83%	10.60%	18.55%	21.32%	28.22%	5.24%	9.59%	5.73%	6.38%	7.75%
Net Operating Profit after Tax (NOPAT)	458	729	631	711	935	1,009	1,703	939	1,399	1,816
NOPAT Margin	11.79%	12.17%	10.70%	11.53%	13.75%	5.55%	9.56%	5.51%	7.21%	8.52%
Net Nonoperating Expense Percent (NNEP)	4.47%	11.03%	2.75%	0.35%	-0.44%	-1.80%	-2.37%	-1.99%	2.25%	2.71%
Return On Investment Capital (ROIC_SIMPLE)	5.31%	9.63%	9.07%	10.06%	13.58%	3.63%	6.45%	3.66%	4.38%	5.71%
Cost of Revenue to Revenue	61.00%	63.95%	65.36%	65.92%	65.68%	70.83%	69.82%	71.12%	73.67%	74.10%
SG&A Expenses to Revenue	22.73%	18.44%	19.50%	19.16%	18.26%	18.22%	18.41%	17.57%	17.06%	16.73%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.73%	18.44%	19.50%	19.16%	18.26%	22.44%	18.34%	22.27%	18.99%	16.91%
Earnings before Interest and Taxes (EBIT)	524	1,065	1,059	1,076	1,280	1,576	2,548	1,552	1,764	2,272
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	768	1,426	1,370	1,335	1,538	2,608	3,515	2,490	2,930	3,561
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.97	2.85	3.92	4.60	5.93	1.75	2.03	2.04	2.07	2.03
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.72	1.46	1.95	2.44	2.93	2.00	2.19	2.21	2.00	1.86
Price to Earnings (P/E)	20.04	26.91	21.15	21.55	21.02	32.49	21.15	35.50	31.71	26.34
Dividend Yield	3.59%	2.86%	2.25%	1.80%	1.96%	1.96%	2.05%	2.26%	2.22%	2.22%
Earnings Yield	4.99%	3.72%	4.73%	4.64%	4.76%	3.08%	4.73%	2.82%	3.15%	3.80%
Enterprise Value to Invested Capital (EV/IC)	1.41	2.16	2.32	2.74	3.67	1.59	1.78	1.78	1.69	1.69
Enterprise Value to Revenue (EV/Rev)	2.87	2.13	2.55	3.01	3.37	2.32	2.54	2.58	2.65	2.40
Enterprise Value to EBITDA (EV/EBITDA)	14.54	8.94	10.97	13.91	14.92	16.16	12.88	17.66	17.59	14.39
Enterprise Value to EBIT (EV/EBIT)	21.31	11.97	14.20	17.26	17.92	26.75	17.77	28.33	29.22	22.56
Enterprise Value to NOPAT (EV/NOPAT)	24.38	17.48	23.83	26.10	24.53	41.78	26.59	46.81	36.83	28.22
Enterprise Value to Operating Cash Flow (EV/OCF)	13.07	13.80	26.42	24.72	19.36	15.11	16.85	20.37	24.59	20.03
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.69	239.27	45.81	15.74	0.00	16.40	27.19	0.00	24.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.53	1.48	1.38	1.16	1.05	0.33	0.37	0.38	0.70	0.63
Long-Term Debt to Equity	1.49	1.35	1.16	1.04	0.82	0.33	0.36	0.33	0.59	0.57
Financial Leverage	1.06	1.14	1.07	1.14	0.96	0.35	0.29	0.32	0.48	0.58
Leverage Ratio	3.45	3.89	3.69	3.21	3.01	1.95	1.78	1.80	2.01	2.18
Compound Leverage Factor	2.61	3.23	3.10	2.71	2.61	1.63	1.60	1.48	1.39	1.53
Debt to Total Capital	60.52%	59.64%	57.92%	53.62%	51.15%	25.02%	26.77%	27.45%	41.07%	38.46%
Short-Term Debt to Total Capital	1.89%	5.24%	9.11%	5.40%	11.02%	0.04%	0.05%	3.19%	6.15%	3.63%
Long-Term Debt to Total Capital	58.63%	54.40%	48.81%	48.22%	40.13%	24.98%	26.72%	24.25%	34.93%	34.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.06%	0.01%	0.00%	0.00%	0.00%	0.42%	0.40%	0.39%	0.20%	0.20%
Common Equity to Total Capital	39.42%	40.35%	42.08%	46.38%	48.85%	74.56%	72.83%	72.16%	58.73%	61.34%
Debt to EBITDA	6.79	3.17	2.94	2.84	2.29	2.67	2.01	2.83	4.48	3.44
Net Debt to EBITDA	5.82	2.83	2.59	2.62	1.95	2.18	1.74	2.48	4.29	3.26
Long-Term Debt to EBITDA	6.58	2.89	2.48	2.55	1.80	2.66	2.01	2.50	3.81	3.11
Debt to NOPAT	11.39	6.19	6.39	5.33	3.77	6.89	4.15	7.50	9.38	6.74
Net Debt to NOPAT	9.75	5.53	5.62	4.92	3.20	5.63	3.59	6.56	8.98	6.40
Long-Term Debt to NOPAT	11.03	5.65	5.38	4.79	2.96	6.88	4.14	6.63	7.98	6.10
Altman Z-Score	1.06	1.60	2.10	2.64	3.20	2.15	2.46	2.34	1.74	1.89
Noncontrolling Interest Sharing Ratio	0.08%	0.09%	0.02%	0.00%	0.00%	0.48%	0.56%	0.55%	0.44%	0.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.40	1.32	1.08	1.20	1.14	1.57	1.40	1.17	1.01	1.08
Quick Ratio	0.84	0.59	0.57	0.41	0.44	0.62	0.44	0.37	0.22	0.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4,561	2,721	63	405	1,457	-19,229	2,760	1,617	-4,400	2,072
Operating Cash Flow to CapEx	577.03%	607.89%	478.15%	552.21%	736.02%	1,007.22%	802.09%	906.72%	533.33%	628.75%
Free Cash Flow to Firm to Interest Expense	-35.08	14.87	0.37	2.38	8.72	-75.70	10.41	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	6.57	5.05	3.31	4.42	7.10	10.98	10.14	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	5.43	4.22	2.62	3.62	6.13	9.89	8.88	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.48	0.53	0.62	0.68	0.77	0.50	0.50	0.52	0.51
Accounts Receivable Turnover	4.48	6.51	9.09	11.33	14.74	20.20	14.91	14.86	15.65	18.53
Inventory Turnover	2.90	4.07	4.51	6.50	11.59	18.49	12.34	10.68	10.36	11.28
Fixed Asset Turnover	4.10	5.74	6.45	6.84	7.58	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	5.24	7.13	7.45	7.00	7.79	13.35	7.84	6.54	7.06	7.69
Days Sales Outstanding (DSO)	81.46	56.10	40.14	32.22	24.77	18.07	24.47	24.56	23.32	19.70
Days Inventory Outstanding (DIO)	125.82	89.63	80.88	56.20	31.50	19.74	29.58	34.18	35.25	32.36
Days Payable Outstanding (DPO)	69.69	51.20	48.96	52.16	46.86	27.35	46.56	55.83	51.68	47.48
Cash Conversion Cycle (CCC)	137.59	94.54	72.06	36.26	9.41	10.46	7.50	2.92	6.89	4.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,898	5,906	6,474	6,780	6,258	26,496	25,439	24,761	30,560	30,304
Invested Capital Turnover	0.72	0.87	0.95	0.93	1.04	1.11	0.69	0.68	0.70	0.70
Increase / (Decrease) in Invested Capital	5,019	-1,992	568	306	-522	20,238	-1,057	-678	5,799	-256
Enterprise Value (EV)	11,165	12,749	15,033	18,567	22,939	42,153	45,269	43,968	51,537	51,252
Market Capitalization	6,692	8,718	11,487	15,065	19,947	36,359	39,043	37,702	38,908	39,566
Book Value per Share	$32.56	$24.50	$24.02	$27.61	$28.47	$98.63	$97.91	$97.28	$99.00	$102.88
Tangible Book Value per Share	($45.30)	($28.28)	($29.05)	($25.97)	($24.10)	($28.84)	($28.62)	($25.00)	($51.46)	($44.55)
Total Capital	8,618	7,574	6,958	7,068	6,885	27,794	26,380	25,669	31,954	31,815
Total Debt	5,216	4,517	4,030	3,790	3,522	6,953	7,061	7,045	13,125	12,236
Total Long-Term Debt	5,053	4,120	3,396	3,408	2,763	6,943	7,048	6,225	11,160	11,081
Net Debt	4,468	4,030	3,546	3,502	2,992	5,677	6,120	6,165	12,565	11,621
Capital Expenditures (CapEx)	148	152	119	136	161	277	335	238	393	407
Debt-free, Cash-free Net Working Capital (DFCFNWC)	324	553	297	468	539	1,161	880	918	1,456	1,125
Debt-free Net Working Capital (DFNWC)	1,072	1,040	781	756	1,069	2,437	1,821	1,798	2,016	1,740
Net Working Capital (NWC)	909	643	147	374	310	2,427	1,808	978	51	585
Net Nonoperating Expense (NNE)	124	405	88	12	-14	-77	-139	-122	201	304
Net Nonoperating Obligations (NNO)	4,496	2,849	3,546	3,502	2,895	5,655	6,120	6,137	11,731	10,725
Total Depreciation and Amortization (D&A)	244	361	311	259	258	1,032	967	938	1,166	1,289
Debt-free, Cash-free Net Working Capital to Revenue	8.34%	9.23%	5.04%	7.59%	7.93%	6.38%	4.94%	5.38%	7.50%	5.28%
Debt-free Net Working Capital to Revenue	27.59%	17.36%	13.24%	12.26%	15.72%	13.39%	10.22%	10.54%	10.38%	8.16%
Net Working Capital to Revenue	23.40%	10.73%	2.49%	6.06%	4.56%	13.34%	10.15%	5.73%	0.26%	2.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.15	$2.61	$4.50	$6.04	$8.03	$5.23	$9.17	$5.54	$6.47	$7.91
Adjusted Weighted Average Basic Shares Outstanding	124.07M	124.22M	119.76M	117.32M	0.00	205.57M	193.07M	190.09M	190.11M	188.31M
Adjusted Diluted Earnings per Share	$3.11	$2.59	$4.44	$5.92	$7.86	$5.19	$9.09	$5.49	$6.44	$7.87
Adjusted Weighted Average Diluted Shares Outstanding	124.07M	124.22M	119.76M	117.32M	0.00	205.57M	193.07M	190.09M	190.11M	188.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$8.03	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	124.07M	124.22M	119.76M	117.32M	0.00	205.57M	193.07M	190.09M	190.11M	188.31M
Normalized Net Operating Profit after Tax (NOPAT)	458	729	631	711	935	1,640	1,692	1,608	1,766	1,852
Normalized NOPAT Margin	11.79%	12.17%	10.70%	11.53%	13.75%	9.02%	9.50%	9.42%	9.09%	8.68%
Pre Tax Income Margin	10.19%	14.75%	15.08%	14.72%	16.37%	7.27%	12.82%	7.46%	6.29%	7.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.03	5.82	6.16	6.33	7.66	6.20	9.62	0.00	0.00	0.00
NOPAT to Interest Expense	3.52	3.98	3.67	4.18	5.60	3.97	6.42	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	2.89	4.99	5.47	5.53	6.70	5.11	8.35	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	2.38	3.15	2.98	3.38	4.63	2.88	5.16	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	59.28%	77.78%	48.25%	38.91%	34.25%	66.76%	44.35%	81.43%	72.45%	58.60%
Augmented Payout Ratio	104.19%	77.78%	179.01%	77.83%	55.32%	277.62%	243.87%	183.51%	115.69%	95.24%

This table displays calculated financial ratios and metrics derived from L3Harris Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.40%	5.24%	8.97%	13.49%	15.76%	16.64%	16.55%	12.91%	7.67%	3.43%
EBITDA Growth	-102.13%	44.83%	-13.28%	9.58%	4,673.68%	-54.15%	8.41%	21.46%	5.87%	63.15%
EBIT Growth	-138.44%	-7.33%	-21.36%	-18.41%	322.71%	-59.31%	-1.89%	16.36%	6.62%	162.35%
NOPAT Growth	-158.20%	-34.84%	-19.07%	-12.90%	286.71%	-34.07%	4.01%	18.68%	1.67%	108.68%
Net Income Growth	-162.84%	-13.84%	-28.63%	-25.32%	226.91%	-69.78%	-15.93%	4.56%	5.76%	261.90%
EPS Growth	0.00%	0.00%	-27.87%	-24.38%	229.49%	-62.10%	-15.91%	4.92%	3.96%	185.54%
Operating Cash Flow Growth	21.49%	-4.87%	797.44%	-44.73%	-7.65%	0.90%	-129.71%	82.13%	43.65%	43.09%
Free Cash Flow Firm Growth	-87.34%	-35.49%	-99.36%	-30.98%	-2,621.25%	-620.40%	-711.17%	-322.49%	126.32%	114.23%
Invested Capital Growth	-1.95%	-2.67%	3.19%	4.49%	27.31%	23.42%	15.70%	13.90%	-3.80%	-0.84%
Revenue Q/Q Growth	2.68%	7.82%	-2.34%	4.97%	4.73%	8.65%	-2.42%	1.69%	-0.13%	4.37%
EBITDA Q/Q Growth	-102.30%	6,952.63%	-44.32%	24.69%	-3.87%	-31.30%	31.66%	39.69%	-16.21%	5.87%
EBIT Q/Q Growth	-142.40%	341.83%	-21.75%	1.68%	15.74%	-55.81%	88.66%	20.60%	6.05%	8.72%
NOPAT Q/Q Growth	-156.54%	258.07%	-7.77%	5.67%	21.20%	-44.19%	45.50%	20.58%	3.83%	14.56%
Net Income Q/Q Growth	-164.04%	238.54%	-18.71%	3.54%	8.83%	-67.02%	126.19%	28.77%	10.08%	12.87%
EPS Q/Q Growth	-164.46%	240.38%	-19.63%	3.98%	10.38%	-58.91%	78.31%	29.73%	9.38%	12.86%
Operating Cash Flow Q/Q Growth	-21.50%	32.99%	-55.24%	18.29%	31.16%	45.30%	-113.18%	825.00%	3.45%	44.74%
Free Cash Flow Firm Q/Q Growth	142.23%	322.73%	-144.48%	-64.95%	-712.91%	12.75%	30.67%	14.09%	150.64%	-52.83%
Invested Capital Q/Q Growth	-3.39%	-0.73%	8.46%	0.45%	17.71%	-3.76%	1.67%	-1.11%	-0.58%	-0.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.12%	27.57%	26.08%	25.29%	26.59%	27.21%	25.87%	25.67%	26.81%	25.29%
EBITDA Margin	-0.45%	28.44%	16.22%	19.26%	17.68%	11.18%	15.08%	20.72%	17.38%	17.64%
Operating Margin	-8.24%	10.81%	8.79%	8.52%	9.75%	2.88%	7.25%	8.98%	9.35%	10.30%
EBIT Margin	-5.91%	13.26%	10.62%	10.29%	11.37%	4.63%	8.94%	10.61%	11.26%	11.73%
Profit (Net Income) Margin	-7.09%	9.11%	7.58%	7.48%	7.77%	2.36%	5.47%	6.93%	7.63%	8.26%
Tax Burden Percent	93.77%	78.24%	90.88%	94.35%	95.50%	165.79%	98.28%	94.10%	93.95%	93.63%
Interest Burden Percent	127.89%	87.81%	78.53%	77.02%	71.56%	30.77%	62.23%	69.40%	72.15%	75.15%
Effective Tax Rate	0.00%	21.76%	9.12%	5.65%	4.50%	-65.79%	1.72%	5.90%	6.05%	6.37%
Return on Invested Capital (ROIC)	-3.86%	5.75%	5.27%	5.48%	6.13%	3.36%	4.96%	6.08%	5.96%	6.76%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.76%	6.24%	5.03%	5.13%	5.35%	1.91%	4.13%	5.29%	5.47%	6.08%
Return on Net Nonoperating Assets (RNNOA)	-1.55%	2.01%	2.01%	2.05%	2.82%	0.91%	2.31%	2.86%	3.55%	3.55%
Return on Equity (ROE)	-5.40%	7.76%	7.28%	7.53%	8.94%	4.27%	7.27%	8.95%	9.51%	10.31%
Cash Return on Invested Capital (CROIC)	6.54%	6.44%	0.08%	-1.40%	-18.50%	-15.91%	-9.66%	-7.83%	8.68%	6.81%
Operating Return on Assets (OROA)	-2.91%	6.63%	5.29%	5.33%	5.61%	2.39%	4.66%	5.72%	5.66%	5.98%
Return on Assets (ROA)	-3.49%	4.56%	3.78%	3.87%	3.83%	1.22%	2.85%	3.73%	3.83%	4.21%
Return on Common Equity (ROCE)	-5.37%	7.72%	7.24%	7.49%	8.89%	4.25%	7.24%	8.91%	9.47%	10.28%
Return on Equity Simple (ROE_SIMPLE)	6.15%	0.00%	5.05%	4.37%	8.00%	0.00%	6.13%	6.16%	6.22%	0.00%
Net Operating Profit after Tax (NOPAT)	-245	387	357	377	457	255	371	448	465	533
NOPAT Margin	-5.77%	8.46%	7.99%	8.04%	9.31%	4.78%	7.13%	8.45%	8.79%	9.65%
Net Nonoperating Expense Percent (NNEP)	0.91%	-0.49%	0.24%	0.35%	0.77%	1.45%	0.83%	0.80%	0.50%	0.68%
Return On Investment Capital (ROIC_SIMPLE)	-0.96%	1.51%	1.30%	1.38%	1.42%	0.80%	1.15%	1.39%	1.45%	1.67%
Cost of Revenue to Revenue	71.88%	72.43%	73.92%	74.71%	73.41%	72.79%	74.13%	74.33%	73.19%	74.71%
SG&A Expenses to Revenue	17.48%	16.75%	17.29%	16.77%	16.85%	17.32%	18.61%	16.68%	17.46%	14.30%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.36%	16.75%	17.29%	16.77%	16.85%	24.33%	18.61%	16.68%	17.46%	14.99%
Earnings before Interest and Taxes (EBIT)	-251	607	475	483	559	247	466	562	596	648
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-19	1,302	725	904	869	597	786	1,098	920	974
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.05	2.04	1.95	1.94	1.71	2.07	2.12	2.23	2.32	2.03
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.24	2.21	2.05	1.98	1.71	2.00	1.96	2.02	2.09	1.86
Price to Earnings (P/E)	33.30	35.50	38.61	44.51	21.48	31.71	33.74	35.26	36.56	26.34
Dividend Yield	2.23%	2.26%	2.40%	2.40%	2.69%	2.22%	2.19%	2.08%	1.99%	2.22%
Earnings Yield	3.00%	2.82%	2.59%	2.25%	4.66%	3.15%	2.96%	2.84%	2.74%	3.80%
Enterprise Value to Invested Capital (EV/IC)	1.77	1.78	1.65	1.64	1.42	1.69	1.70	1.78	1.85	1.69
Enterprise Value to Revenue (EV/Rev)	2.63	2.58	2.54	2.46	2.41	2.65	2.62	2.64	2.68	2.40
Enterprise Value to EBITDA (EV/EBITDA)	17.41	17.66	18.71	17.04	12.39	17.59	17.99	17.47	17.76	14.39
Enterprise Value to EBIT (EV/EBIT)	27.65	28.33	31.10	33.67	21.20	29.22	30.13	29.84	30.23	22.56
Enterprise Value to NOPAT (EV/NOPAT)	38.46	46.81	51.97	56.01	28.72	36.83	37.28	36.68	37.76	28.22
Enterprise Value to Operating Cash Flow (EV/OCF)	20.13	20.37	17.93	20.73	21.56	24.59	32.20	27.61	25.49	20.03
Enterprise Value to Free Cash Flow (EV/FCFF)	26.86	27.19	2,141.69	0.00	0.00	0.00	0.00	0.00	20.91	24.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.38	0.49	0.48	0.72	0.70	0.73	0.70	0.68	0.63
Long-Term Debt to Equity	0.32	0.33	0.45	0.42	0.60	0.59	0.59	0.56	0.58	0.57
Financial Leverage	0.32	0.32	0.40	0.40	0.53	0.48	0.56	0.54	0.65	0.58
Leverage Ratio	1.80	1.80	1.85	1.84	2.04	2.01	2.08	2.06	2.23	2.18
Compound Leverage Factor	2.30	1.58	1.45	1.42	1.46	0.62	1.30	1.43	1.61	1.64
Debt to Total Capital	27.61%	27.45%	32.92%	32.22%	41.97%	41.07%	42.26%	41.21%	40.38%	38.46%
Short-Term Debt to Total Capital	4.18%	3.19%	2.96%	3.45%	7.43%	6.15%	7.92%	8.46%	5.68%	3.63%
Long-Term Debt to Total Capital	23.43%	24.25%	29.96%	28.77%	34.54%	34.93%	34.34%	32.76%	34.70%	34.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.40%	0.39%	0.37%	0.38%	0.31%	0.20%	0.20%	0.20%	0.20%	0.20%
Common Equity to Total Capital	71.99%	72.16%	66.71%	67.40%	57.72%	58.73%	57.54%	58.59%	59.42%	61.34%
Debt to EBITDA	2.77	2.83	3.82	3.39	3.72	4.48	4.66	4.23	4.05	3.44
Net Debt to EBITDA	2.56	2.48	3.59	3.25	3.59	4.29	4.50	4.06	3.89	3.26
Long-Term Debt to EBITDA	2.35	2.50	3.47	3.03	3.06	3.81	3.79	3.36	3.48	3.11
Debt to NOPAT	6.11	7.50	10.61	11.15	8.63	9.38	9.66	8.88	8.62	6.74
Net Debt to NOPAT	5.65	6.56	9.97	10.69	8.31	8.98	9.33	8.51	8.26	6.40
Long-Term Debt to NOPAT	5.19	6.63	9.65	9.96	7.10	7.98	7.85	7.06	7.41	6.10
Altman Z-Score	2.13	2.24	1.93	1.97	1.38	1.62	1.65	1.74	1.84	1.76
Noncontrolling Interest Sharing Ratio	0.56%	0.55%	0.55%	0.55%	0.54%	0.44%	0.45%	0.45%	0.43%	0.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.10	1.17	1.14	1.09	0.88	1.01	0.98	0.90	1.04	1.08
Quick Ratio	0.28	0.37	0.29	0.28	0.22	0.22	0.20	0.20	0.20	0.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	252	1,065	-474	-782	-6,354	-5,544	-3,844	-3,302	1,672	789
Operating Cash Flow to CapEx	1,013.79%	920.00%	492.96%	445.16%	366.89%	575.91%	-90.43%	777.32%	1,000.00%	956.78%
Free Cash Flow to Firm to Interest Expense	3.60	0.00	-4.65	-7.04	-39.96	0.00	-21.84	-19.20	10.07	0.00
Operating Cash Flow to Interest Expense	8.40	0.00	3.43	3.73	3.42	0.00	-0.59	4.38	4.70	0.00
Operating Cash Flow Less CapEx to Interest Expense	7.57	0.00	2.74	2.89	2.48	0.00	-1.24	3.82	4.23	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.50	0.50	0.52	0.49	0.52	0.52	0.54	0.50	0.51
Accounts Receivable Turnover	15.55	14.86	13.87	13.98	14.81	15.65	16.52	15.89	17.45	18.53
Inventory Turnover	9.84	10.68	9.56	9.43	9.23	10.36	9.85	10.24	10.25	11.28
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	8.11	0.00	7.53	0.00
Accounts Payable Turnover	6.44	6.54	6.66	7.03	6.56	7.06	7.14	7.79	7.48	7.69
Days Sales Outstanding (DSO)	23.47	24.56	26.32	26.11	24.64	23.32	22.09	22.97	20.92	19.70
Days Inventory Outstanding (DIO)	37.09	34.18	38.17	38.72	39.56	35.25	37.04	35.64	35.62	32.36
Days Payable Outstanding (DPO)	56.66	55.83	54.79	51.93	55.67	51.68	51.15	46.83	48.80	47.48
Cash Conversion Cycle (CCC)	3.90	2.92	9.70	12.90	8.52	6.89	7.98	11.77	7.73	4.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	24,942	24,761	26,855	26,975	31,753	30,560	31,070	30,725	30,546	30,304
Invested Capital Turnover	0.67	0.68	0.66	0.68	0.66	0.70	0.70	0.72	0.68	0.70
Increase / (Decrease) in Invested Capital	-497	-678	831	1,159	6,811	5,799	4,215	3,750	-1,207	-256
Enterprise Value (EV)	44,235	43,968	44,262	44,245	45,038	51,537	52,874	54,726	56,563	51,252
Market Capitalization	37,630	37,702	35,672	35,698	31,901	38,908	39,579	41,957	44,128	39,566
Book Value per Share	$95.83	$97.28	$96.30	$97.27	$98.43	$99.00	$98.35	$99.33	$100.14	$102.88
Tangible Book Value per Share	($26.50)	($25.00)	($35.10)	($33.73)	($59.06)	($51.46)	($51.34)	($50.65)	($49.07)	($44.55)
Total Capital	25,471	25,669	27,441	27,341	32,252	31,954	32,438	32,156	31,972	31,815
Total Debt	7,032	7,045	9,033	8,810	13,536	13,125	13,708	13,252	12,910	12,236
Total Long-Term Debt	5,967	6,225	8,220	7,867	11,140	11,160	11,140	10,533	11,093	11,081
Net Debt	6,503	6,165	8,488	8,444	13,037	12,565	13,231	12,705	12,371	11,621
Capital Expenditures (CapEx)	58	85	71	93	148	137	115	97	78	118
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,114	918	1,117	1,118	916	1,456	1,920	1,238	1,607	1,125
Debt-free Net Working Capital (DFNWC)	1,643	1,798	1,662	1,484	1,415	2,016	2,397	1,785	2,146	1,740
Net Working Capital (NWC)	578	978	849	541	-981	51	-171	-934	329	585
Net Nonoperating Expense (NNE)	56	-30	18	26	75	129	86	81	61	77
Net Nonoperating Obligations (NNO)	6,503	6,137	8,447	8,444	13,037	11,731	12,340	11,821	11,484	10,725
Total Depreciation and Amortization (D&A)	232	695	250	421	310	350	320	536	324	326
Debt-free, Cash-free Net Working Capital to Revenue	6.62%	5.38%	6.41%	6.22%	4.91%	7.50%	9.52%	5.96%	7.60%	5.28%
Debt-free Net Working Capital to Revenue	9.76%	10.54%	9.54%	8.25%	7.58%	10.38%	11.89%	8.60%	10.15%	8.16%
Net Working Capital to Revenue	3.43%	5.73%	4.87%	3.01%	-5.26%	0.26%	-0.85%	-4.50%	1.56%	2.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.56)	$2.19	$1.77	$1.84	$2.02	$0.84	$1.49	$1.93	$2.11	$2.38
Adjusted Weighted Average Basic Shares Outstanding	191.30M	190.09M	190.20M	189.20M	189.30M	190.11M	189.80M	189.70M	189.60M	188.31M
Adjusted Diluted Earnings per Share	$0.00	$2.19	$1.76	$1.83	$2.02	$0.83	$1.48	$1.92	$2.10	$2.37
Adjusted Weighted Average Diluted Shares Outstanding	191.30M	190.09M	191.20M	190.10M	190.10M	190.11M	190.80M	190.60M	190.50M	188.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	190.40M	190.09M	189.45M	189.13M	189.54M	190.11M	189.68M	189.71M	189.67M	188.31M
Normalized Net Operating Profit after Tax (NOPAT)	316	387	357	377	457	108	371	448	465	533
Normalized NOPAT Margin	7.45%	8.46%	7.99%	8.04%	9.31%	2.02%	7.13%	8.45%	8.79%	9.65%
Pre Tax Income Margin	-7.56%	11.64%	8.34%	7.93%	8.14%	1.42%	5.57%	7.36%	8.13%	8.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.59	0.00	4.66	4.35	3.52	0.00	2.65	3.27	3.59	0.00
NOPAT to Interest Expense	-3.50	0.00	3.50	3.40	2.88	0.00	2.11	2.60	2.80	0.00
EBIT Less CapEx to Interest Expense	-4.41	0.00	3.96	3.51	2.58	0.00	1.99	2.70	3.12	0.00
NOPAT Less CapEx to Interest Expense	-4.33	0.00	2.81	2.56	1.95	0.00	1.46	2.04	2.33	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	75.27%	81.43%	93.62%	107.32%	58.16%	72.45%	76.22%	75.60%	74.53%	58.60%
Augmented Payout Ratio	225.98%	183.51%	220.22%	215.51%	105.24%	115.69%	107.26%	103.36%	117.85%	95.24%

Frequently Asked Questions About L3Harris Technologies' Financials

When does L3Harris Technologies's financial year end?

According to the most recent income statement we have on file, L3Harris Technologies' fiscal year ends in January. Their fiscal year 2025 ended on January 3, 2025.

How has L3Harris Technologies' net income changed over the last 9 years?

L3Harris Technologies' net income appears to be on an upward trend, with a most recent value of $1.51 billion in 2024, rising from $334 million in 2015. The previous period was $1.20 billion in 2023.

What is L3Harris Technologies's operating income?

L3Harris Technologies's total operating income in 2024 was $1.92 billion, based on the following breakdown:

Total Gross Profit: $5.52 billion
Total Operating Expenses: $3.61 billion

How has L3Harris Technologies revenue changed over the last 9 years?

Over the last 9 years, L3Harris Technologies' total revenue changed from $3.89 billion in 2015 to $21.33 billion in 2024, a change of 448.9%.

How much debt does L3Harris Technologies have?

L3Harris Technologies' total liabilities were at $22.42 billion at the end of 2024, a 1.9% decrease from 2023, and a 130.6% increase since 2015.

How much cash does L3Harris Technologies have?

In the past 9 years, L3Harris Technologies' cash and equivalents has ranged from $288 million in 2018 to $1.28 billion in 2020, and is currently $615 million as of their latest financial filing in 2024.

How has L3Harris Technologies' book value per share changed over the last 9 years?

Over the last 9 years, L3Harris Technologies' book value per share changed from 32.56 in 2015 to 102.88 in 2024, a change of 215.9%.

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This page (NYSE:LHX) was last updated on 4/14/2025 by MarketBeat.com Staff

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L3Harris Technologies (LHX) Financials

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