$14 B

LLL Mkt cap, 04-Dec-2018

$2.5 B

L3 Technologies Revenue Q3, 2018
L3 Technologies Gross profit (Q3, 2018)677 M
L3 Technologies Gross profit margin (Q3, 2018), %26.9%
L3 Technologies Net income (Q3, 2018)208 M
L3 Technologies EBIT (Q3, 2018)272 M
L3 Technologies Cash, 28-Sep-2018507 M
L3 Technologies EV16.8 B

L3 Technologies Revenue

L3 Technologies revenue was $9.57 b in FY, 2017 which is a 8.9% year over year decrease from the previous period.

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L3 Technologies Revenue Breakdown

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L3 Technologies revenue breakdown by business segment: 16.1% from Sensor Systems, 23.2% from Communication Systems, 28.9% from Aerospace Systems and 31.7% from Electronic Systems

L3 Technologies revenue breakdown by geographic segment: 23.3% from International and 76.7% from U.S.

L3 Technologies Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

12.6b12.1b10.5b10.5b9.6b

Revenue growth, %

(13%)(4%)(14%)0%(9%)

Cost of goods sold

11.4b11.0b9.6b9.5b8.6b

Gross profit

1.2b1.1b890.0m1.0b1.0b

Gross profit Margin, %

10%9%9%10%11%

EBIT

1.2b1.1b475.0m1.0b1.0b

EBIT margin, %

10%9%5%10%11%

Interest expense

177.0m178.0m169.0m169.0m169.0m

Interest income

20.0m18.0m17.0m18.0m20.0m

Pre tax profit

1.1b925.0m322.0m850.0m871.0m

Income tax expense

295.0m248.0m25.0m189.0m102.0m

Net Income

760.0m677.0m(225.0m)724.0m693.0m

Quarterly

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

Revenue

2.5b2.5b2.6b2.4b2.7b2.5b2.7b2.7b2.6b2.4b2.6b2.5b

Cost of goods sold

2.3b2.4b2.3b2.1b2.4b2.3b2.4b2.4b2.4b1.7b1.9b1.8b

Gross profit

209.0m151.0m275.0m252.0m247.0m215.0m253.0m312.0m250.0m648.0m656.0m677.0m

Gross profit Margin, %

8%6%11%11%9%9%9%11%9%27%25%27%

General and administrative expense

397.0m383.0m396.0m

Operating expense total

397.0m383.0m396.0m

EBIT

187.0m153.0m231.0m252.0m247.0m215.0m253.0m312.0m63.0m251.0m321.0m272.0m

EBIT margin, %

8%6%9%11%9%9%9%11%2%11%12%11%

Interest expense

39.0m42.0m43.0m41.0m43.0m41.0m42.0m43.0m43.0m41.0m44.0m40.0m

Interest income

3.0m5.0m3.0m4.0m5.0m6.0m5.0m4.0m6.0m6.0m8.0m15.0m

Pre tax profit

151.0m116.0m191.0m215.0m204.0m180.0m216.0m273.0m26.0m216.0m237.0m226.0m

Income tax expense

46.0m(4.0m)63.0m48.0m53.0m29.0m48.0m66.0m24.0m48.0m18.0m

Net Income

109.0m124.0m(296.0m)230.0m151.0m151.0m168.0m207.0m25.0m208.0m379.0m208.0m

L3 Technologies Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

500.0m442.0m207.0m363.0m662.0m

Accounts Receivable

991.0m852.0m746.0m731.0m723.0m

Inventories

366.0m288.0m333.0m330.0m389.0m

Current Assets

4.6b4.7b4.2b3.7b4.4b

PP&E

1.0b1.1b1.1b1.1b1.1b

Goodwill

7.8b7.5b6.3b6.6b6.6b

Total Assets

14.0b13.8b12.1b11.9b12.7b

Accounts Payable

535.0m382.0m297.0m299.0m531.0m

Short-term debt

499.0m

Current Liabilities

2.6b2.5b2.9b2.1b2.4b

Long-term debt

3.6b3.9b3.1b3.3b3.3b

Total Debt

3.6b3.9b3.6b3.3b3.3b

Total Liabilities

8.0b8.5b7.6b7.2b7.6b

Common Stock

5.7b5.8b6.1b6.3b6.5b

Retained Earnings

5.7b6.2b5.7b6.2b6.7b

Total Equity

6.1b5.4b4.4b4.6b5.2b

Debt to Equity Ratio

0.6 x0.7 x0.8 x0.7 x0.6 x

Debt to Assets Ratio

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

Financial Leverage

2.3 x2.6 x2.7 x2.6 x2.5 x

Quarterly

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

Cash

317.0m353.0m323.0m534.0m352.0m411.0m230.0m385.0m439.0m374.0m1.4b507.0m

Accounts Receivable

836.0m820.0m796.0m779.0m808.0m812.0m802.0m843.0m776.0m798.0m863.0m900.0m

Inventories

336.0m371.0m374.0m351.0m356.0m361.0m353.0m355.0m392.0m994.0m934.0m911.0m

Current Assets

4.7b4.3b4.3b4.1b3.9b4.0b3.9b4.0b4.1b4.5b5.1b4.4b

PP&E

1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.2b

Goodwill

7.5b7.6b7.1b6.3b6.3b6.3b6.7b6.7b6.7b6.6b6.7b6.8b

Total Assets

13.8b13.6b13.0b11.9b11.7b11.8b12.2b12.4b12.5b12.9b13.5b13.2b

Accounts Payable

484.0m455.0m490.0m407.0m415.0m426.0m427.0m360.0m425.0m587.0m588.0m619.0m

Short-term debt

499.0m549.0m549.0m581.0m

Current Liabilities

2.5b2.4b2.5b2.7b2.7b2.8b2.2b2.2b2.3b2.3b2.8b2.3b

Long-term debt

3.9b3.9b3.9b3.1b2.8b2.8b3.3b3.3b3.3b3.3b3.3b3.3b

Total Debt

3.9b3.9b3.9b3.6b3.3b3.3b3.3b3.3b3.3b3.3b3.9b3.3b

Total Liabilities

8.5b8.4b8.4b7.5b7.1b7.2b7.4b7.4b7.4b7.6b8.0b7.5b

Common Stock

5.9b5.9b6.0b6.1b6.2b6.2b6.3b6.4b6.5b6.6b6.7b6.8b

Retained Earnings

6.2b6.3b5.9b5.9b6.0b6.1b6.3b6.5b6.4b6.8b7.1b7.3b

Total Equity

5.3b5.3b4.7b4.5b4.6b4.6b4.8b5.0b5.1b5.3b5.5b5.7b

Debt to Equity Ratio

0.7 x0.7 x0.8 x0.8 x0.7 x0.7 x0.7 x0.7 x0.7 x0.6 x0.7 x0.6 x

Debt to Assets Ratio

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

Financial Leverage

2.6 x2.6 x2.8 x2.7 x2.6 x2.5 x2.5 x2.5 x2.5 x2.4 x2.5 x2.3 x

L3 Technologies Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

760.0m677.0m(225.0m)724.0m693.0m

Depreciation and Amortization

214.0m225.0m210.0m206.0m225.0m

Accounts Receivable

(18.0m)51.0m50.0m30.0m(18.0m)

Inventories

1.0m(38.0m)22.0m(69.0m)

Accounts Payable

28.0m(112.0m)(32.0m)4.0m99.0m

Cash From Operating Activities

1.3b1.1b(192.0m)(16.0m)985.0m

Cash From Investing Activities

(261.0m)(229.0m)(192.0m)(16.0m)(453.0m)

Short-term Borrowings

(1.9b)(1.4b)(1.2b)(819.0m)(1.3b)

Long-term Borrowings

(935.0m)(297.0m)(856.0m)

Dividends Paid

(199.0m)(208.0m)(214.0m)(220.0m)(236.0m)

Cash From Financing Activities

(849.0m)(876.0m)(1.2b)(856.0m)(366.0m)

Net Change in Cash

151.0m(58.0m)(235.0m)156.0m299.0m

Free Cash Flow

1.1b942.0m(389.0m)(232.0m)761.0m

Quarterly

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

Net Income

109.0m233.0m(63.0m)230.0m381.0m532.0m168.0m375.0m400.0m208.0m587.0m795.0m

Depreciation and Amortization

52.0m104.0m155.0m50.0m102.0m153.0m54.0m109.0m165.0m56.0m116.0m170.0m

Accounts Receivable

23.0m21.0m36.0m(32.0m)(62.0m)(69.0m)(67.0m)(105.0m)(29.0m)(73.0m)(137.0m)(166.0m)

Inventories

(31.0m)(70.0m)(77.0m)(19.0m)(24.0m)(31.0m)(11.0m)(12.0m)(72.0m)(65.0m)(10.0m)28.0m

Accounts Payable

98.0m77.0m117.0m115.0m118.0m130.0m124.0m50.0m112.0m56.0m61.0m57.0m

Cash From Operating Activities

112.0m309.0m597.0m112.0m369.0m579.0m85.0m351.0m667.0m(64.0m)187.0m351.0m

Cash From Investing Activities

(74.0m)(33.0m)(82.0m)530.0m490.0m430.0m(159.0m)(209.0m)(366.0m)(84.0m)328.0m(28.0m)

Short-term Borrowings

(108.0m)(600.0m)(861.0m)(217.0m)(320.0m)(335.0m)(664.0m)(1.2b)(1.3b)(207.0m)(501.0m)(501.0m)

Long-term Borrowings

(298.0m)(298.0m)(1.3b)(1.9b)

Dividends Paid

(58.0m)(111.0m)(163.0m)(58.0m)(112.0m)(166.0m)(61.0m)(119.0m)(178.0m)(65.0m)(128.0m)(191.0m)

Cash From Financing Activities

(150.0m)(445.0m)(735.0m)(259.0m)(658.0m)(746.0m)(63.0m)(130.0m)(239.0m)(146.0m)197.0m(469.0m)

Net Change in Cash

(125.0m)(89.0m)(119.0m)327.0m145.0m204.0m(133.0m)22.0m76.0m(288.0m)704.0m(155.0m)

Free Cash Flow

72.0m226.0m460.0m77.0m294.0m453.0m43.0m253.0m513.0m(120.0m)79.0m184.0m

L3 Technologies Ratios

USDY, 2018

EV/EBIT

61.9 x

EV/CFO

48 x

EV/FCF

91.5 x

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.3 x
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L3 Technologies Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018

Backlog Funded

$10.22 b$10.33 b$9.83 b$9.40 b$8.42 b$8.66 b$8.13 b$8.29 b$8.90 b$8.86 b$8.51 b$9.02 b$8.88 b$8.77 b$8.83 b

Order Volume

$12.09 b$2.59 b$2.51 b$2.20 b$2.56 b$9.86 b$2.59 b$2.14 b$2.69 b$3.58 b$10.99 b$2.62 b$2.36 b$3.10 b$2.73 b$10 b$2.64 b$2.81 b

Locations

384 263 273 273
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L3 Technologies Employee Rating

3.32302 votes
Culture & Values
3.0
Work/Life Balance
3.2
Senior Management
2.7
Salary & Benefits
3.5
Career Opportunities
3.0
Source