L3Harris Financial Statements From 2010 to 2022

LHX
 Stock
  

USD 243.24  1.54  0.64%   

L3Harris Technologies financial statements provide useful quarterly and yearly information to potential L3Harris Technologies investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on L3Harris Technologies financial statements helps investors assess L3Harris Technologies' valuation, profitability, and current liquidity needs.
L3Harris Technologies does not at this time have any fundamental ratios for analysis.
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Check L3Harris Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among L3Harris main balance sheet or income statement drivers, such as Direct Expenses of 13.4 B, Consolidated Income of 2 B or Cost of Revenue of 13.4 B, as well as many exotic indicators such as Interest Coverage of 8.03, Long Term Debt to Equity of 0.38 or Calculated Tax Rate of 25.63. L3Harris financial statements analysis is a perfect complement when working with L3Harris Technologies Valuation or Volatility modules. It can also supplement various L3Harris Technologies Technical models. Additionally, see the analysis of L3Harris Technologies Correlation against competitors.

L3Harris Technologies Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets37.4 B34.7 B36.8 B
Decreasing
Stable
Cash and Equivalents815.9 M941 M1.2 B
Decreasing
Slightly volatile
Investments10.6 M10.3 M108.5 M
Decreasing
Slightly volatile
Investments Current10.6 M10.3 M108.5 M
Decreasing
Slightly volatile
Deferred Revenue1.4 B1.3 B1.2 B
Increasing
Slightly volatile
Property Plant and Equipment Net3.1 B2.9 B2.9 B
Increasing
Slightly volatile
Inventory972.9 MBB
Decreasing
Slightly volatile
Tax Assets187.8 M183 M378.8 M
Decreasing
Slightly volatile
Trade and Non Trade ReceivablesBB1.3 B
Decreasing
Slightly volatile
Trade and Non Trade Payables1.9 B1.8 B1.5 B
Increasing
Slightly volatile
Goodwill and Intangible Assets26.8 B24.8 B26.6 B
Decreasing
Slightly volatile
Total Liabilities12.5 B15.4 B15.8 B
Decreasing
Slightly volatile
Shareholders Equity20.7 B19.2 B20.6 B
Decreasing
Slightly volatile
Accumulated Retained Earnings Deficit2.5 B2.9 B2.4 B
Increasing
Slightly volatile
Current Assets5.2 B6.4 B6.5 B
Decreasing
Slightly volatile
Assets Non Current30.6 B28.4 B30.2 B
Decreasing
Stable
Current Liabilities3.7 B4.6 B4.2 B
Decreasing
Stable
Liabilities Non Current8.9 B10.8 B11.6 B
Decreasing
Slightly volatile
Tax Liabilities1.5 B1.4 B1.3 B
Increasing
Slightly volatile
Total Debt6.4 B7.8 B7.6 B
Decreasing
Slightly volatile
Debt Current13.3 M13 M10.5 M
Increasing
Slightly volatile
Debt Non Current6.3 B7.8 B7.6 B
Decreasing
Slightly volatile
Shareholders Equity USD20.7 B19.2 B20.6 B
Decreasing
Slightly volatile
Cash and Equivalents USD815.9 M941 M1.2 B
Decreasing
Slightly volatile
Total Debt USD6.4 B7.8 B7.6 B
Decreasing
Slightly volatile
Accounts Payable1.9 B1.8 B1.5 B
Increasing
Slightly volatile
Receivables909.9 MB1.3 B
Decreasing
Slightly volatile
Inventories857.6 M982 M964.8 M
Decreasing
Slightly volatile

L3Harris Technologies Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues19.2 B17.8 B18.2 B
Increasing
Stable
Cost of Revenue13.4 B12.4 B12.9 B
Increasing
Very volatile
Selling General and Administrative Expense3.5 B3.3 B3.3 B
Increasing
Slightly volatile
Operating Expenses3.8 B3.5 BB
Decreasing
Slightly volatile
Interest Expense231.5 M265 M253.1 M
Decreasing
Stable
Income Tax Expense375.5 M440 M260.7 M
Increasing
Slightly volatile
Net Loss Income from Discontinued OperationsM1000 K1.8 M
Decreasing
Slightly volatile
Consolidated IncomeB1.8 B1.2 B
Increasing
Slightly volatile
Net IncomeB1.8 B1.2 B
Increasing
Slightly volatile
Net Income Common StockB1.8 B1.2 B
Increasing
Slightly volatile
Weighted Average Shares179.7 M196.2 M206.7 M
Decreasing
Slightly volatile
Weighted Average Shares Diluted108.4 M109 M119.2 M
Decreasing
Slightly volatile
Earning Before Interest and Taxes EBIT2.8 B2.6 B1.8 B
Increasing
Slightly volatile
Revenues USD19.2 B17.8 B18.2 B
Increasing
Stable
Net Income Common Stock USDB1.8 B1.2 B
Increasing
Slightly volatile
Earning Before Interest and Taxes USD2.8 B2.6 B1.8 B
Increasing
Slightly volatile
Gross Profit4.3 B5.4 B5.2 B
Decreasing
Slightly volatile
Operating Income1.6 B1.9 B1.3 B
Increasing
Slightly volatile
Direct Expenses13.4 B12.4 B12.9 B
Increasing
Very volatile

L3Harris Technologies Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow Business Acquisitions and Disposals1.9 B1.7 B1.2 B
Increasing
Slightly volatile
Net Cash Flow from Investing1.5 B1.4 B858.4 M
Increasing
Slightly volatile
Net Cash Flow from Operations2.9 B2.7 B2.8 B
Increasing
Very volatile
Effect of Exchange Rate Changes on Cash (3.2 M)(3 M)19 M
Decreasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(343.8 M)(335 M)330.2 M
Decreasing
Slightly volatile
Share Based Compensation375.5 M348 M318 M
Increasing
Slightly volatile
Depreciation Amortization and AccretionB967 MB
Decreasing
Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share7.439.175.702
Increasing
Slightly volatile
Earnings per Diluted Share7.359.095.656
Increasing
Slightly volatile
Earnings per Basic Share USD7.439.175.702
Increasing
Slightly volatile
Dividends per Basic Common Share3.414.083.4527
Increasing
Slightly volatile
Return on Average Equity0.120.0940.0603
Increasing
Slightly volatile
Return on Average Assets0.05070.0520.0333
Increasing
Slightly volatile
Return on Invested Capital0.180.2020.1419
Increasing
Slightly volatile
Gross Margin0.30.3020.2935
Increasing
Slightly volatile
Profit Margin0.10.1040.0683
Increasing
Slightly volatile
EBITDA Margin0.210.1970.1543
Increasing
Slightly volatile
Return on Sales0.150.1430.0973
Increasing
Slightly volatile
Asset Turnover0.560.50.4922
Increasing
Slightly volatile
Payout Ratio0.630.4450.6326
Decreasing
Slightly volatile
Enterprise Value over EBITDA14.5213.80816.9411
Decreasing
Slightly volatile
Enterprise Value over EBIT25.2619.027.9433
Decreasing
Slightly volatile
Price to Earnings Ratio28.4423.25434.5572
Decreasing
Slightly volatile
Sales per Share79.6190.78386.3771
Decreasing
Stable
Price to Sales Ratio2.352.3492.2088
Increasing
Slightly volatile
Price to Book Value3.192.1782.0344
Increasing
Slightly volatile
Debt to Equity Ratio1.230.8010.8143
Increasing
Slightly volatile
Dividend Yield0.01910.0190.0182
Increasing
Slightly volatile
Current Ratio1.341.3971.5407
Decreasing
Slightly volatile
Free Cash Flow per Share10.311.98611.8346
Decreasing
Slightly volatile
Book Value per Share10697.91399.1169
Increasing
Slightly volatile
Tangible Assets Book Value per Share47.1650.3548.4811
Increasing
Very volatile
Total Assets Per Share194179179
Increasing
Slightly volatile
Cash Flow Per Share14.9813.885513.5579
Increasing
Slightly volatile
Return on Investment7.197.00724.7206
Increasing
Slightly volatile
Operating Margin13.8410.6047.582
Increasing
Slightly volatile
Calculated Tax Rate25.6319.272918.4316
Increasing
Slightly volatile
Receivables Turnover11.9214.954314.1278
Decreasing
Slightly volatile
Inventory Turnover13.7312.724311.9833
Increasing
Slightly volatile
PPandE Turnover7.758.50018.5678
Decreasing
Slightly volatile
Cash and Equivalents Turnover15.1516.114517.1071
Decreasing
Slightly volatile
Accounts Payable Turnover13.6411.259313.4919
Decreasing
Slightly volatile
Accrued Expenses Turnover11.3511.869112.7576
Decreasing
Slightly volatile
Interest Coverage8.037.12835.2503
Increasing
Slightly volatile
Long Term Debt to Equity0.380.36680.3393
Increasing
Slightly volatile
Quick Ratio0.630.43470.6035
Decreasing
Slightly volatile
Net Current Assets as percentage of Total Assets5.355.2096.3683
Decreasing
Slightly volatile
Revenue to Assets0.680.51320.5084
Increasing
Slightly volatile

L3Harris Technologies Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax2.5 B2.3 B1.5 B
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA3.8 B3.5 B2.8 B
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD3.8 B3.5 B2.8 B
Increasing
Slightly volatile
Market Capitalization45.1 B41.8 B40.3 B
Increasing
Slightly volatile
Enterprise Value52.4 B48.6 B46.7 B
Increasing
Slightly volatile
Invested Capital10 B12.2 B12.2 B
Decreasing
Slightly volatile
Average Equity21.3 B19.7 B21.4 B
Decreasing
Slightly volatile
Average Assets38.4 B35.6 B37.4 B
Decreasing
Stable
Invested Capital Average10.1 B12.6 B12 B
Decreasing
Slightly volatile
Tangible Asset ValueB9.9 B10 B
Decreasing
Slightly volatile
Free Cash Flow2.5 B2.4 B2.5 B
Decreasing
Stable
Working Capital1.5 B1.8 B2.3 B
Decreasing
Slightly volatile
Revenue Per Employee347.2 K380.1 K377.5 K
Decreasing
Slightly volatile
Net Income Per Employee32.7 K39.4 K25.3 K
Increasing
Slightly volatile

L3Harris Fundamental Market Drivers

Forward Price Earnings17.87
Average Daily Volume Last 10 Day873.34k
Average Daily Volume In Three Month989.67k
Fifty Day Average237.68
Two Hundred Day Average231.30

L3Harris Upcoming Events

Upcoming Quarterly Report31st of January 2022
Next Financial Report29th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End31st of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About L3Harris Technologies Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include L3Harris Technologies income statement, its balance sheet, and the statement of cash flows. L3Harris Technologies investors use historical funamental indicators, such as L3Harris Technologies's revenue or net income, to determine how well the company is positioned to perform in the future. Although L3Harris Technologies investors may use each financial statement separately, they are all related. The changes in L3Harris Technologies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on L3Harris Technologies's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on L3Harris Technologies Financial Statements. Understanding these patterns can help to make the right decision on long term investment in L3Harris Technologies. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Deferred Revenue1.3 B1.4 B
Cost of Revenue12.4 B13.4 B
Revenues17.8 B19.2 B
Revenue to Assets 0.51  0.68 
Revenue Per Employee380.1 K347.2 K
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida. L3Harris Technologies operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 47000 people.

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Additionally, see the analysis of L3Harris Technologies Correlation against competitors. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Is L3Harris Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of L3Harris Technologies. If investors know L3Harris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about L3Harris Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.087
Market Capitalization
45.9 B
Quarterly Revenue Growth YOY
-0.1
Return On Assets
0.046
Return On Equity
0.0929
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.