$16.7 B

LLL Mkt cap, 18-Mar-2019

$10.2 B

L3 Technologies Revenue FY, 2018
L3 Technologies Revenue growth (FY, 2017 - FY, 2018), %7%
L3 Technologies Gross profit (FY, 2018)2.7 B
L3 Technologies Gross profit margin (FY, 2018), %26.4%
L3 Technologies Net income (FY, 2018)1 B
L3 Technologies EBIT (FY, 2018)1.1 B
L3 Technologies Cash, 31-Dec-20181.1 B
L3 Technologies EV19 B

L3 Technologies Revenue

L3 Technologies revenue was $10.24 b in FY, 2018 which is a 7% year over year increase from the previous period.

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L3 Technologies Revenue Breakdown

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L3 Technologies revenue breakdown by business segment: 31.7% from C&NS, 39.6% from ISRS and 28.7% from Electronic Systems

L3 Technologies revenue breakdown by geographic segment: 23.4% from International and 76.6% from U.S.

L3 Technologies Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

12.6b12.1b10.5b9.2b9.6b10.2b

Revenue growth, %

(13%)(4%)(14%)(12%)4%7%

Cost of goods sold

11.4b11.0b9.6b7.0b7.0b7.5b

Gross profit

1.2b1.1b890.0m2.2b2.6b2.7b

Gross profit Margin, %

10%9%9%24%27%26%

General and administrative expense

1.3b1.5b1.6b

Operating expense total

1.3b1.5b1.6b

EBIT

1.2b1.1b475.0m958.0m1.0b1.1b

EBIT margin, %

10%9%5%10%11%11%

Interest expense

177.0m178.0m169.0m164.0m169.0m164.0m

Interest income

20.0m18.0m17.0m17.0m9.0m37.0m

Pre tax profit

1.1b925.0m322.0m804.0m871.0m924.0m

Income tax expense

295.0m248.0m25.0m171.0m102.0m(103.0m)

Net Income

760.0m677.0m(225.0m)724.0m693.0m1.0b

L3 Technologies Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

500.0m442.0m207.0m363.0m662.0m1.1b

Accounts Receivable

991.0m852.0m746.0m731.0m723.0m919.0m

Inventories

366.0m288.0m333.0m330.0m389.0m879.0m

Current Assets

4.6b4.7b4.2b3.7b4.4b4.8b

PP&E

1.0b1.1b1.1b1.1b1.1b1.2b

Goodwill

7.8b7.5b6.3b6.6b6.6b6.8b

Total Assets

14.0b13.8b12.1b11.9b12.7b13.5b

Accounts Payable

535.0m382.0m297.0m299.0m531.0m699.0m

Short-term debt

499.0m

Current Liabilities

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

Long-term debt

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

Total Debt

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

Total Liabilities

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

Common Stock

5.7b5.8b6.1b6.3b6.5b6.9b

Retained Earnings

5.7b6.2b5.7b6.2b6.7b7.4b

Total Equity

6.1b5.4b4.4b4.6b5.2b5.9b

Debt to Equity Ratio

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

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.3 x0.3 x0.2 x

Financial Leverage

2.3 x2.6 x2.7 x2.6 x2.5 x2.3 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, 2017FY, 2018

Net Income

760.0m677.0m(225.0m)724.0m693.0m1.0b

Depreciation and Amortization

214.0m225.0m210.0m198.0m225.0m241.0m

Accounts Receivable

(18.0m)51.0m50.0m1.0m(18.0m)(195.0m)

Inventories

1.0m(38.0m)22.0m(69.0m)57.0m

Accounts Payable

28.0m(112.0m)(32.0m)(5.0m)99.0m158.0m

Cash From Operating Activities

1.3b1.1b(192.0m)1.0b985.0m1.0b

Cash From Investing Activities

(261.0m)(229.0m)(192.0m)(10.0m)(453.0m)(91.0m)

Short-term Borrowings

(1.9b)(1.4b)(1.2b)(819.0m)(1.3b)(501.0m)

Long-term Borrowings

(935.0m)(297.0m)(856.0m)(1.9b)

Dividends Paid

(199.0m)(208.0m)(214.0m)(220.0m)(236.0m)(254.0m)

Cash From Financing Activities

(849.0m)(876.0m)(1.2b)(856.0m)(366.0m)(520.0m)

Net Change in Cash

151.0m(58.0m)(235.0m)156.0m299.0m404.0m

Free Cash Flow

1.1b942.0m(389.0m)812.0m761.0m810.0m

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

16.9 x

EV/CFO

18.2 x

EV/FCF

23.4 x

Revenue/Employee

330.5k

Debt/Equity

0.6 x

Debt/Assets

0.2 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, 2018FY, 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$9.70 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$11.58 b

Locations

384 263 273 273 283
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L3 Technologies Employee Rating

3.22376 votes
Culture & Values
3.0
Work/Life Balance
3.3
Senior Management
2.7
Salary & Benefits
3.5
Career Opportunities
3.0
Source