$19.5 B

HRS Mkt cap, 16-Aug-2018

$1.6 B

Harris Corporation Revenue Q3, 2018
Harris Corporation Gross profit (Q3, 2018)561 M
Harris Corporation Gross profit margin (Q3, 2018), %35.8%
Harris Corporation Net income (Q3, 2018)201 M
Harris Corporation EBIT (Q3, 2018)256 M
Harris Corporation Cash, 30-Mar-2018443 M
Harris Corporation EV23.2 B

Harris Corporation Revenue

Harris Corporation revenue was $5.90 b in FY, 2017 which is a 21% year over year decrease from the previous period.

Embed Graph

Harris Corporation Revenue Breakdown

Embed Graph

Harris Corporation revenue breakdown by business segment: 38.1% from Electronic Systems, 32.2% from Space and Intelligence Systems and 29.7% from Communication Systems

Harris Corporation Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

5 b5.1 b7.5 b5.9 b

Revenue growth, %

1%47%(21%)

Cost of goods sold

3.3 b3.4 b5.1 b3.8 b

Gross profit

1.7 b1.7 b2.3 b2.1 b

Gross profit Margin, %

34%34%31%35%

R&D expense

264.1 m277 m309 m310 m

General and administrative expense

819.6 m1 b1.2 b1 b

Operating expense total

819.6 m1 b1.2 b1 b

EBIT

881.9 m713 m782 m1.1 b

EBIT margin, %

18%14%10%18%

Interest expense

93.6 m130 m183 m172 m

Interest income

2.8 m2 m2 m2 m

Pre tax profit

795.4 m477 m611 m905 m

Income tax expense

256.2 m143 m(266 m)267 m

Net Income

534.8 m334 m324 m553 m

Harris Corporation Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

561 m481 m487 m484 m

Accounts Receivable

566.1 m1.2 b937 m623 m

Inventories

618.7 m1 b964 m841 m

Current Assets

2 b3.5 b2.6 b2.1 b

PP&E

728.1 m1.2 b1 b904 m

Goodwill

1.7 b6.3 b6 b5.4 b

Total Assets

4.9 b13.1 b12 b10.1 b

Accounts Payable

324.3 m581 m602 m540 m

Short-term debt

59.7 m130 m382 m634 m

Current Liabilities

1.1 b2.3 b2 b1.9 b

Long-term debt

1.6 b5.1 b4.1 b3.4 b

Non-Current Liabilities

2 b7.4 b7 b5.2 b

Total Debt

1.6 b5.2 b4.5 b4 b

Total Liabilities

3.1 b9.7 b8.9 b7.2 b

Common Stock

106 m124 m125 m120 m

Additional Paid-in Capital

509.1 m2 b2.1 b1.7 b

Retained Earnings

1.2 b1.3 b1.3 b1.3 b

Total Equity

1.8 b3.4 b3.1 b2.9 b

Debt to Equity Ratio

0.9 x1.5 x1.5 x1.4 x

Debt to Assets Ratio

0.3 x0.4 x0.4 x0.4 x

Financial Leverage

2.7 x3.9 x3.9 x3.4 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

449.1 m469.5 m487.7 m320 m511 m302 m284 m361 m302 m388 m422 m443 m

Accounts Receivable

603.7 m582 m652.7 m1.1 b935 m1.1 b976 m762 m714 m706 m642 m743 m

Inventories

648.3 m649.6 m635.7 m1.1 b1.1 b992 m962 m1 b894 m896 m942 m963 m

Current Assets

1.9 b1.9 b2 b3.1 b2.8 b2.9 b2.4 b2.6 b2.9 b2.1 b2.1 b2.4 b

PP&E

730.5 m724.5 m705.5 m1.2 b1.1 b1 b988 m908 m895 m890 m878 m879 m

Goodwill

1.7 b1.7 b1.7 b6.3 b6 b5.9 b6 b5.8 b5.4 b5.4 b5.4 b5.4 b

Total Assets

4.8 b4.8 b4.8 b12.7 b12.1 b11.9 b11.8 b11.6 b11.1 b10.1 b9.9 b10.1 b

Accounts Payable

302.9 m292.1 m279.6 m455 m558 m529 m508 m540 m428 m452 m462 m494 m

Short-term debt

53.6 m75.3 m27.3 m180 m583 m474 m399 m313 m354 m602 m528 m828 m

Current Liabilities

1.1 b1 b1 b1.9 b2.1 b2 b1.9 b1.7 b1.7 b1.9 b1.7 b2.1 b

Long-term debt

1.6 b1.6 b1.6 b4.9 b4.4 b4.3 b4.1 b4.1 b3.9 b3.4 b3.4 b3.4 b

Non-Current Liabilities

2 b2 b1.9 b7.2 b6.7 b6.5 b6.9 b6.8 b6.5 b5.2 b5.1 b4.8 b

Total Debt

1.6 b1.7 b1.6 b5.1 b5 b4.8 b4.5 b4.4 b4.2 b4 b3.9 b4.2 b

Total Liabilities

3 b3 b3 b9.1 b8.8 b8.5 b8.7 b8.5 b8.2 b7.1 b6.9 b6.9 b

Common Stock

104.6 m104.1 m104.2 m124 m124 m124 m124 m124 m122 m119 m119 m119 m

Additional Paid-in Capital

495.7 m498.9 m512.5 m2 b2.1 b2.1 b2 b2.1 b1.7 b1.7 b1.7 b1.7 b

Retained Earnings

1.2 b1.3 b1.4 b1.3 b1.1 b1.2 b1.4 b1.5 b1.6 b1.4 b1.4 b1.5 b

Total Equity

1.8 b1.8 b1.8 b3.5 b3.3 b3.4 b3.1 b3.2 b2.9 b3 b3 b3.1 b

Debt to Equity Ratio

0.9 x0.9 x0.9 x1.5 x1.5 x1.4 x1.5 x1.4 x1.4 x1.3 x1.3 x1.3 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x

Financial Leverage

2.7 x2.6 x2.6 x3.7 x3.7 x3.5 x3.9 x3.7 x3.8 x3.4 x3.3 x3.2 x

Harris Corporation Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

534.2 m334 m324 m553 m

Depreciation and Amortization

204.3 m244 m229 m183 m

Accounts Receivable

115.8 m(17 m)192 m111 m

Inventories

50.1 m20 m(28 m)28 m

Accounts Payable

(50 m)31 m82 m18 m

Cash From Operating Activities

849.2 m854 m924 m569 m

Purchases of PP&E

(209.3 m)(148 m)(152 m)(119 m)

Cash From Investing Activities

(162.6 m)(3.3 b)(1 m)870 m

Long-term Borrowings

(134 m)(954 m)(730 m)(584 m)

Dividends Paid

(180.3 m)(198 m)(252 m)(262 m)

Cash From Financing Activities

(448.1 m)2.4 b(893 m)(1.4 b)

Net Change in Cash

240 m(80 m)6 m(3 m)

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

125 m264 m390 m148 m(4 m)164 m160 m337 m422 m161 m300 m501 m

Depreciation and Amortization

51 m104 m164 m61 m114 m163 m53 m101 m140 m40 m80 m117 m

Accounts Receivable

(37.6 m)(15.9 m)(86.6 m)82 m220 m102 m(39 m)125 m14 m(83 m)(19 m)(120 m)

Inventories

(29.7 m)(30.9 m)(17 m)(108 m)(91 m)(22 m)2 m(50 m)(26 m)(56 m)(102 m)(122 m)

Accounts Payable

(102.3 m)(119.9 m)(111.1 m)(158 m)(128 m)(175 m)(75 m)(132 m)(113 m)(88 m)(78 m)(46 m)

Cash From Operating Activities

80 m222 m395 m64 m387 m507 m43 m295 m489 m95 m373 m230 m

Purchases of PP&E

(41 m)(79 m)(102 m)(26 m)(51 m)(84 m)(21 m)(49 m)(79 m)(23 m)(43 m)(79 m)

Cash From Investing Activities

(34 m)(72 m)(95 m)(24 m)(49 m)(112 m)(46 m)(74 m)271 m(23 m)(45 m)(81 m)

Long-term Borrowings

(9 m)(17 m)(46 m)(173 m)(395 m)(510 m)(38 m)(300 m)(548 m)(35 m)(363 m)(367 m)

Dividends Paid

(50 m)(99 m)(149 m)(64 m)(127 m)(189 m)(68 m)(134 m)(199 m)(69 m)(137 m)(205 m)

Cash From Financing Activities

(150 m)(219 m)(336 m)(192 m)(295 m)(560 m)(201 m)(341 m)(942 m)(174 m)(394 m)(196 m)

Net Change in Cash

(112 m)(91 m)(73 m)(161 m)30 m(179 m)(203 m)(126 m)(185 m)(96 m)(62 m)(41 m)

Harris Corporation Ratios

USDY, 2018

EV/EBIT

90.7 x

EV/CFO

101 x

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

3.2 x
Report incorrect company information

Harris Corporation Operating Metrics

Harris Corporation's Backlog was reported to be $10.8b in FY, 2016.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018

Order Volume

$1.13 b$288 m$263 m$286 m$1.24 b$404 m$238 m$290 m$1.17 b$369 m$301 m$279 m$1.24 b$681 m$353 m$332 m

Bookings

$564 m$575 m$521 m$451 m$601 m$665 m$556 m$511 m$472 m$530 m$555 m$507 m$494 m$879 m$884 m$880 m

Backlog Funded

$3 b$5.30 b$5.10 b$4.20 b

Backlog

$7.20 b$12.20 b$10.80 b

Countries

125 125 100 100

Engineers And Scientists

6 k9.20 k9 k7.70 k

Patent Applications

1 k1.40 k800 550

Patents (US)

1.10 k1.87 k1.90 k1.80 k

Patents (foreign)

1.07 k1.89 k1.70 k1.24 k

Patents Pending (US)

340 360 200 160

Patents Pending (foreign)

640 1.04 k600 390
Report incorrect company information