LHX - L3Harris Technologies, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$352.25
DETAILS
HIGH:
$367.00
LOW:
$323.00
MEDIAN:
$359.50
CONSENSUS:
$352.25
UPSIDE:
1.67%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 21,325.0 | 19,419.0 | 17,062.0 | 17,814.0 | 18,194.0 | 18,526.0 | 6,801.0 | 6,182.0 | 5,900.0 | 5,992.0 |
| Cost of Revenue | 16,580.0 | 14,993.0 | 12,135.0 | 12,438.0 | 12,855.0 | 13,452.0 | 4,467.0 | 4,032.0 | 3,843.0 | 3,995.0 |
| Gross Profit | 4,745.0 | 4,426.0 | 4,927.0 | 5,376.0 | 5,339.0 | 5,074.0 | 2,334.0 | 2,150.0 | 2,057.0 | 1,997.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 515.0 | 480.0 | 603.0 | 692.0 | 684.0 | 658.0 | 0.0 | 311.0 | 310.0 | 305.0 |
| SG&A Expenses | 3,568.0 | 1,921.0 | 2,998.0 | 3,280.0 | 2,484.0 | 2,156.0 | 1,242.0 | 667.0 | 616.0 | 463.0 |
| Other Expenses | (1,396.0) | 0.0 | 199.0 | (820.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Expenses | 2,687.0 | 2,401.0 | 3,800.0 | 3,152.0 | 3,168.0 | 2,814.0 | 1,242.0 | 978.0 | 926.0 | 768.0 |
| Operating Income | ||||||||||
| Operating Income | 2,058.0 | 2,025.0 | 1,127.0 | 2,224.0 | 2,171.0 | 2,260.0 | 1,280.0 | 1,172.0 | 1,131.0 | 1,229.0 |
| Interest Expense | 675.0 | 543.0 | 279.0 | 265.0 | 270.0 | 0.0 | 167.0 | 170.0 | 172.0 | 183.0 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 16.0 | 0.0 | 0.0 | 2.0 | 2.0 | 2.0 |
| Profitability | ||||||||||
| EBITDA | 3,561.0 | 2,932.0 | 2,499.0 | 3,518.0 | 2,639.0 | 2,980.0 | 1,538.0 | 1,356.0 | 1,350.0 | 1,356.0 |
| EBIT | 2,272.0 | 1,764.0 | 1,552.0 | 2,548.0 | 1,592.0 | 2,086.0 | 1,280.0 | 1,096.0 | 1,077.0 | 1,067.0 |
| Income Before Tax | 1,597.0 | 1,221.0 | 1,273.0 | 2,283.0 | 1,322.0 | 1,816.0 | 1,113.0 | 908.0 | 889.0 | 884.0 |
| Income Tax Expense | 85.0 | 23.0 | 212.0 | 440.0 | 234.0 | 146.0 | 160.0 | 206.0 | 261.0 | 273.0 |
| Net Income | 1,502.0 | 1,227.0 | 1,062.0 | 1,846.0 | 1,119.0 | 1,644.0 | 949.0 | 699.0 | 543.0 | 324.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 7.91 | 6.47 | 5.54 | 9.17 | 5.23 | 7.43 | 8.04 | 5.89 | 4.50 | 2.61 |
| EPS (Diluted) | 7.87 | 6.44 | 5.49 | 9.08 | 5.18 | 7.35 | 7.88 | 5.77 | 4.44 | 2.59 |
| Shares Outstanding | 189.8 | 189.6 | 191.8 | 201.3 | 214.0 | 221.2 | 118.0 | 118.6 | 122.6 | 123.8 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 615.0 | 560.0 | 880.0 | 941.0 | 1,276.0 | 824.0 | 530.0 | 422.0 | 484.0 | 487.0 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 4,681.0 | 4,426.0 | 4,278.0 | 4,164.0 | 4,076.0 | 3,877.0 | 1,455.0 | 666.0 | 647.0 | 749.0 |
| Inventory | 1,330.0 | 1,472.0 | 1,291.0 | 982.0 | 973.0 | 1,219.0 | 360.0 | 942.0 | 841.0 | 867.0 |
| Other Current Assets | 1,592.0 | 1,454.0 | 305.0 | 272.0 | 281.0 | 392.0 | 1,231.0 | 102.0 | 101.0 | 521.0 |
| Total Current Assets | 8,218.0 | 7,912.0 | 6,754.0 | 6,359.0 | 6,667.0 | 6,312.0 | 2,578.0 | 2,132.0 | 2,073.0 | 2,624.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 2,806.0 | 3,605.0 | 2,860.0 | 2,870.0 | 2,868.0 | 2,954.0 | 894.0 | 878.0 | 904.0 | 924.0 |
| Goodwill | 20,325.0 | 19,979.0 | 17,283.0 | 18,189.0 | 18,876.0 | 20,001.0 | 5,340.0 | 5,374.0 | 5,366.0 | 5,352.0 |
| Intangible Assets | 7,639.0 | 8,540.0 | 6,001.0 | 6,640.0 | 7,908.0 | 8,458.0 | 870.0 | 1,048.0 | 1,104.0 | 1,231.0 |
| Long-Term Investments | 0.0 | 0.0 | 1.0 | 1.0 | 3.0 | 2.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 2,893.0 | 1,560.0 | 552.0 | 565.0 | 519.0 | 507.0 | 262.0 | 215.0 | 234.0 | 1,329.0 |
| Total Non-Current Assets | 33,783.0 | 33,775.0 | 26,770.0 | 28,350.0 | 30,293.0 | 32,024.0 | 7,539.0 | 7,724.0 | 8,017.0 | 9,385.0 |
| Total Assets | 42,001.0 | 41,687.0 | 33,524.0 | 34,709.0 | 36,960.0 | 38,336.0 | 10,117.0 | 9,856.0 | 10,090.0 | 12,009.0 |
| Current Liabilities | ||||||||||
| Account Payables | 2,005.0 | 2,106.0 | 1,945.0 | 1,767.0 | 1,406.0 | 1,261.0 | 525.0 | 462.0 | 540.0 | 494.0 |
| Short-Term Debt | 1,298.0 | 2,085.0 | 820.0 | 13.0 | 10.0 | 260.0 | 759.0 | 528.0 | 634.0 | 397.0 |
| Deferred Revenue | 2,142.0 | 1,900.0 | 1,400.0 | 1,297.0 | 1,198.0 | 1,214.0 | 496.0 | 290.0 | 252.0 | 294.0 |
| Other Current Liabilities | 1,740.0 | 1,281.0 | 417.0 | 444.0 | 509.0 | 331.0 | 197.0 | 120.0 | 140.0 | 413.0 |
| Total Current Liabilities | 7,633.0 | 8,004.0 | 5,776.0 | 4,551.0 | 4,240.0 | 4,009.0 | 2,268.0 | 1,741.0 | 1,926.0 | 1,981.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 10,878.0 | 10,917.0 | 6,225.0 | 7,048.0 | 6,943.0 | 6,694.0 | 2,763.0 | 3,391.0 | 3,396.0 | 4,120.0 |
| Deferred Tax Liabilities | 942.0 | 815.0 | 719.0 | 1,344.0 | 1,237.0 | 1,481.0 | 12.0 | 34.0 | 34.0 | 4.0 |
| Other Non-Current Liabilities | 2,074.0 | 2,080.0 | 1,322.0 | 1,572.0 | 2,965.0 | 2,540.0 | 1,711.0 | 1,696.0 | 1,806.0 | 2,847.0 |
| Total Non-Current Liabilities | 14,789.0 | 14,854.0 | 9,124.0 | 10,839.0 | 11,879.0 | 11,583.0 | 4,486.0 | 5,121.0 | 5,236.0 | 6,971.0 |
| Total Liabilities | 22,422.0 | 22,858.0 | 14,900.0 | 15,390.0 | 16,119.0 | 15,592.0 | 6,754.0 | 6,862.0 | 7,162.0 | 8,952.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 190.0 | 190.0 | 191.0 | 194.0 | 208.0 | 218.0 | 119.0 | 119.0 | 120.0 | 125.0 |
| Retained Earnings | 3,739.0 | 3,220.0 | 2,943.0 | 2,917.0 | 2,347.0 | 2,183.0 | 2,173.0 | 1,424.0 | 1,343.0 | 1,330.0 |
| Accumulated Other Comprehensive Income | 27.0 | (198.0) | (288.0) | (146.0) | (839.0) | (508.0) | (707.0) | (254.0) | (276.0) | (495.0) |
| Total Stockholders' Equity | 19,514.0 | 18,765.0 | 18,523.0 | 19,213.0 | 20,724.0 | 22,587.0 | 3,363.0 | 2,994.0 | 2,928.0 | 3,056.0 |
| Total Liabilities & Equity | 42,001.0 | 41,687.0 | 33,524.0 | 34,709.0 | 36,960.0 | 38,336.0 | 10,117.0 | 9,856.0 | 10,090.0 | 12,009.0 |
| Debt Metrics | ||||||||||
| Total Debt | 12,980.0 | 13,950.0 | 7,786.0 | 7,829.0 | 7,687.0 | 7,864.0 | 3,522.0 | 3,919.0 | 4,030.0 | 4,517.0 |
| Net Debt | 12,365.0 | 13,390.0 | 6,906.0 | 6,888.0 | 6,411.0 | 7,040.0 | 2,992.0 | 3,497.0 | 3,546.0 | 4,030.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,512.0 | 1,227.0 | 1,061.0 | 1,842.0 | 1,086.0 | 1,646.0 | 949.0 | 699.0 | 543.0 | 324.0 |
| Depreciation & Amortization | 1,289.0 | 1,166.0 | 938.0 | 967.0 | 1,032.0 | 894.0 | 258.0 | 259.0 | 311.0 | 361.0 |
| Stock-Based Compensation | 97.0 | 320.0 | 325.0 | 348.0 | 310.0 | 454.0 | 141.0 | 82.0 | 42.0 | 39.0 |
| Change in Working Capital | (529.0) | (315.0) | 90.0 | 126.0 | 83.0 | 109.0 | (92.0) | (186.0) | 48.0 | 257.0 |
| Other Non-Cash Items | 16.0 | 121.0 | 340.0 | (482.0) | 494.0 | (21.0) | (115.0) | (423.0) | (461.0) | (57.0) |
| Operating Cash Flow | 2,559.0 | 2,096.0 | 2,158.0 | 2,687.0 | 2,790.0 | 939.0 | 1,185.0 | 751.0 | 569.0 | 924.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (408.0) | (449.0) | (252.0) | (342.0) | (368.0) | (173.0) | (161.0) | (136.0) | (119.0) | (152.0) |
| Acquisitions | 0.0 | (6,561.0) | (42.0) | 1,715.0 | 1,028.0 | 1,493.0 | 0.0 | (2.0) | 989.0 | 170.0 |
| Purchases of Investments | 0.0 | 0.0 | (47.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (19.0) |
| Sales/Maturities of Investments | 0.0 | 0.0 | 47.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Investing Activities | 145.0 | (11.0) | 44.0 | 21.0 | 91.0 | 0.0 | 2.0 | (5.0) | 989.0 | 50.0 |
| Investing Cash Flow | (263.0) | (7,021.0) | (250.0) | 1,394.0 | 751.0 | 1,320.0 | (159.0) | (141.0) | 870.0 | (1.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (877.0) | 5,997.0 | (10.0) | (7.0) | (30.0) | (109.0) | (281.0) | (271.0) | (499.0) | (669.0) |
| Stock Repurchased | (554.0) | (518.0) | (1,083.0) | (3,675.0) | (2,290.0) | (1,500.0) | (200.0) | (272.0) | (710.0) | (150.0) |
| Dividends Paid | (886.0) | (868.0) | (864.0) | (817.0) | (725.0) | (337.0) | (325.0) | (272.0) | (262.0) | (252.0) |
| Other Financing Activities | 93.0 | (17.0) | 6.0 | 91.0 | (63.0) | (134.0) | 25.0 | 27.0 | (21.0) | 28.0 |
| Financing Cash Flow | (2,224.0) | 4,594.0 | (1,951.0) | (4,413.0) | (3,112.0) | (1,971.0) | (781.0) | (805.0) | (1,438.0) | (893.0) |
| Cash Position | ||||||||||
| Net Change in Cash | 55.0 | (320.0) | (61.0) | (335.0) | 452.0 | 536.0 | 242.0 | (196.0) | (3.0) | 6.0 |
| Cash at Beginning | 560.0 | 880.0 | 941.0 | 1,276.0 | 824.0 | 288.0 | 288.0 | 484.0 | 487.0 | 481.0 |
| Cash at End | 615.0 | 560.0 | 880.0 | 941.0 | 1,276.0 | 824.0 | 530.0 | 288.0 | 484.0 | 487.0 |
| Free Cash Flow | 2,151.0 | 1,647.0 | 1,906.0 | 2,345.0 | 2,422.0 | 766.0 | 1,024.0 | 615.0 | 450.0 | 772.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 21,325.0 | 19,419.0 | 17,062.0 | 17,814.0 | 18,194.0 | 18,526.0 | 6,801.0 | 6,182.0 | 5,900.0 | 5,992.0 |
| Gross Profit | 4,745.0 | 4,426.0 | 4,927.0 | 5,376.0 | 5,339.0 | 5,074.0 | 2,334.0 | 2,150.0 | 2,057.0 | 1,997.0 |
| Operating Income | 2,058.0 | 2,025.0 | 1,127.0 | 2,224.0 | 2,171.0 | 2,260.0 | 1,280.0 | 1,172.0 | 1,131.0 | 1,229.0 |
| Net Income | 1,502.0 | 1,227.0 | 1,062.0 | 1,846.0 | 1,119.0 | 1,644.0 | 949.0 | 699.0 | 543.0 | 324.0 |
| EPS (Diluted) | 7.87 | 6.44 | 5.49 | 9.08 | 5.18 | 7.35 | 7.88 | 5.77 | 4.44 | 2.59 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 615.0 | 560.0 | 880.0 | 941.0 | 1,276.0 | 824.0 | 530.0 | 422.0 | 484.0 | 487.0 |
| Total Assets | 42,001.0 | 41,687.0 | 33,524.0 | 34,709.0 | 36,960.0 | 38,336.0 | 10,117.0 | 9,856.0 | 10,090.0 | 12,009.0 |
| Total Debt | 12,980.0 | 13,950.0 | 7,786.0 | 7,829.0 | 7,687.0 | 7,864.0 | 3,522.0 | 3,919.0 | 4,030.0 | 4,517.0 |
| Stockholders' Equity | 19,514.0 | 18,765.0 | 18,523.0 | 19,213.0 | 20,724.0 | 22,587.0 | 3,363.0 | 2,994.0 | 2,928.0 | 3,056.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 2,559.0 | 2,096.0 | 2,158.0 | 2,687.0 | 2,790.0 | 939.0 | 1,185.0 | 751.0 | 569.0 | 924.0 |
| Capital Expenditure | (408.0) | (449.0) | (252.0) | (342.0) | (368.0) | (173.0) | (161.0) | (136.0) | (119.0) | (152.0) |
| Free Cash Flow | 2,151.0 | 1,647.0 | 1,906.0 | 2,345.0 | 2,422.0 | 766.0 | 1,024.0 | 615.0 | 450.0 | 772.0 |