L3Harris Technologies (LHX) stock price, revenue, and financials

L3Harris Technologies market cap is $45.6 b, and annual revenue was $17.81 b in FY 2021

$45.6 B

LHX Mkt cap, 26-May-2022

$4.1 B

L3Harris Technologies Revenue Q1, 2022
L3Harris Technologies Gross profit (Q1, 2022)1.2 B
L3Harris Technologies Gross profit margin (Q1, 2022), %29.5%
L3Harris Technologies Net income (Q1, 2022)475 M
L3Harris Technologies Cash, 01-Apr-2022402 M
L3Harris Technologies EV53.1 B
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L3Harris Technologies Revenue

L3Harris Technologies revenue was $17.81 b in FY, 2021 which is a 2% year over year increase from the previous period.

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L3Harris Technologies Revenue Breakdown

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L3Harris Technologies revenue breakdown by business segment: 15.5% from Aviation Systems, 23.8% from Communication Systems, 32.4% from Integrated Mission Systems and 28.3% from Space and Airborne Systems

L3Harris Technologies revenue breakdown by geographic segment: 8.9% from International and 91.1% from U.S.

L3Harris Technologies Income Statement

Annual

USDFY, 2019FY, 2020FY, 2021

Revenue

6.8b18.2b17.8b

Revenue growth, %

10%96%2%

Cost of goods sold

4.5b12.9b12.4b

Gross profit

3.2b5.3b5.4b

Gross profit Margin, %

47%29%30%

General and administrative expense

1.2b3.3b3.3b

Operating expense total

1.2b4.1b3.5b

EBIT

1.8b

Interest expense

169.0m270.0m265.0m

Interest income

2.0m16.0m439.0m

Pre tax profit

1.1b1.3b2.3b

Income tax expense

160.0m234.0m440.0m

Net Income

949.0m1.1b1.8b

EPS

7.95.29.1

Quarterly

L3Harris Technologies Balance Sheet

Annual

USDFY, 2019FY, 2020FY, 2021

Cash

530.0m1.3b941.0m

Accounts Receivable

457.0m1.3b1.0b

Inventories

360.0m973.0m982.0m

Current Assets

2.6b6.7b6.4b

PP&E

894.0m2.1b2.1b

Goodwill

5.3b18.9b18.2b

Total Assets

10.1b37.0b34.7b

Accounts Payable

525.0m1.4b1.8b

Short-term debt

1.2b10.0m13.0m

Current Liabilities

2.3b4.2b4.6b

Long-term debt

2.8b7.6b7.8b

Non-Current Liabilities

4.5b11.9b10.8b

Total Debt

3.9b7.7b7.8b

Total Liabilities

6.8b16.1b15.4b

Common Stock

119.0m208.0m194.0m

Additional Paid-in Capital

1.8b19.0b16.2b

Retained Earnings

2.2b2.3b2.9b

Total Equity

3.4b20.8b19.3b

Debt to Equity Ratio

1.2 x0.4 x0.4 x

Debt to Assets Ratio

0.4 x0.2 x0.2 x

Financial Leverage

3 x1.8 x1.8 x

Quarterly

USDQ1, 2020Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

1.0b663.0m1.9b1.3b976.0m2.0b1.1b402.0m

Accounts Receivable

1.3b1.3b1.1b1.1b1.1b1.2b1.0b1.3b

Inventories

1.3b990.0m859.0m894.0m904.0m872.0m1.0b1.1b

Current Assets

7.0b7.2b6.9b6.4b7.5b7.6b6.6b6.2b

PP&E

2.1b2.0b2.0b2.0b2.1b2.0b2.0b2.1b

Goodwill

20.7b19.3b19.0b19.0b18.3b18.2b18.2b18.2b

Total Assets

38.9b38.1b37.9b37.1b36.6b36.1b35.0b34.4b

Accounts Payable

1.4b1.4b1.1b1.2b1.4b1.4b1.6b1.7b

Short-term debt

659.0m898.0m668.0m668.0m14.0m14.0m13.0m265.0m

Current Liabilities

4.7b5.1b4.6b4.7b4.2b4.5b4.3b4.7b

Long-term debt

7.1b7.0b7.0b7.0b7.8b7.7b7.8b7.6b

Non-Current Liabilities

11.3b11.0b11.0b11.0b11.9b11.6b11.1b10.3b

Total Debt

7.8b7.9b7.7b7.7b7.8b7.7b7.9b7.8b

Total Liabilities

16.0b16.1b15.6b15.7b16.1b16.1b15.4b15.1b

Common Stock

222.0m216.0m216.0m210.0m205.0m202.0m197.0m193.0m

Additional Paid-in Capital

21.3b20.2b20.3b19.3b18.5b17.9b16.8b

Retained Earnings

2.0b2.2b2.3b2.4b2.5b2.6b2.7b3.1b

Total Equity

22.9b22.0b22.2b21.4b20.5b20.0b19.6b19.4b

Debt to Equity Ratio

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

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x

Financial Leverage

1.7 x1.7 x1.7 x1.7 x1.8 x1.8 x1.8 x1.8 x

L3Harris Technologies Cash Flow

Annual

USDFY, 2019FY, 2020FY, 2021

Net Income

949.0m1.1b1.8b

Depreciation and Amortization

258.0m1.0b340.0m

Accounts Receivable

(9.0m)(250.0m)217.0m

Inventories

(1.0m)60.0m(68.0m)

Accounts Payable

(84.0m)173.0m430.0m

Cash From Operating Activities

1.2b2.8b2.7b

Purchases of PP&E

(161.0m)(368.0m)7.0m

Cash From Investing Activities

(159.0m)751.0m1.4b

Long-term Borrowings

(308.0m)(931.0m)(13.0m)

Dividends Paid

(325.0m)(725.0m)(817.0m)

Cash From Financing Activities

(781.0m)(3.1b)(4.4b)

Net Change in Cash

242.0m452.0m(335.0m)

Interest Paid

170.0m313.0m284.0m

Income Taxes Paid

137.0m394.0m358.0m

L3Harris Technologies Ratios

USDFY, 2019

EV/CFO

21.8 x

Revenue/Employee

136.0k

Debt/Equity

1.2 x

Debt/Assets

0.4 x

Financial Leverage

3 x

P/E Ratio

24.1

L3Harris Technologies Operating Metrics

L3Harris Technologies's Backlog was reported to be $21.1b in FY, 2021.
Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021

Countries

130100100

Engineers And Scientists

8 k19 k19 k

Backlog

$7.9 b$8 b$8.5 b$8.3 b$20.4 b$19.8 b$20.8 b$21.7 b$21.4 b$20.2 b$21.1 b$21.1 b

Backlog Funded

$5.8 b$16.3 b$15.2 b

Backlog Funded (Communication Systems)

$1.7 b$3.3 b$3.7 b

Backlog Funded (Electronic Systems)

$3 b

Backlog Funded (Space and Intelligence Systems)

$1.2 b

Backlog Funded (Integrated Mission Systems)

$6.3 b$6.2 b

Backlog Funded (Space and Airborne Systems)

$3.8 b$3.9 b

Backlog Funded (Aviation Systems)

$3 b$1.5 b

Patents (US)

1.77 k2.3 k2.3 k

Patents (Foreign)

1.6 k2.1 k2 k

Patents Pending (US)

160250300

Patents Pending (Foreign)

210400300

L3Harris Technologies Human Capital

Gender

FY, 2022FY, 2020
Male (New Hires), percent18.8%18.5%
Female (New Hires), percent6.3%6.5%
Male (Board of Directors), percent21.3%20.8%
Male (Executives), percent16.5%17.3%
Female (Executives), percent8.5%7.8%
Male, percent18.8%19%
Female, percent6.3%6%
Other3.8%4.3%

Ethnicity

FY, 2022FY, 2020
Other Ethnicity74%76%
People of Color, percent26%24%

L3Harris Technologies Employee Rating

3.61836 votes
Culture & Values
3.4
Work/Life Balance
3.6
Senior Management
3.1
Salary & Benefits
3.5
Career Opportunities
3.5
Source