L3 Technologies, Inc. Financial Statements (2026 and earlier)
Company Profile
| Business Address |
600 THIRD AVENUE NEW YORK, NY 10016 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 1,066 | 662 | 363 | |||
| Cash and cash equivalent | 1,066 | 662 | 363 | |||
| Receivables | 919 | 723 | 731 | |||
| Inventory, net of allowances, customer advances and progress billings, including: | 879 | 820 | 862 | |||
| Inventory | 879 | 389 | 330 | |||
| Progress payments netted against inventory for long-term contracts or programs | (71) | (203) | ||||
| Other undisclosed inventory, net of allowances, customer advances and progress billings | 502 | 735 | ||||
| Contract with customer, asset, after allowance for credit loss | 1,590 | ✕ | ✕ | |||
| Disposal group, including discontinued operation | 306 | |||||
| Asset, held-for-sale, not part of disposal group | 135 | |||||
| Other current assets | 218 | |||||
| Other undisclosed current assets | 356 | 1,802 | 1,523 | |||
| Total current assets: | 4,810 | 4,448 | 3,697 | |||
| Noncurrent Assets | ||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 1,169 | 1,110 | 1,121 | |||
| Intangible asset, including goodwill, after accumulated amortization | 7,198 | 6,907 | 6,798 | |||
| Goodwill | 6,808 | 6,615 | 6,560 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 390 | 292 | 238 | |||
| Other noncurrent assets | 341 | 264 | 249 | |||
| Total noncurrent assets: | 8,708 | 8,281 | 8,168 | |||
| TOTAL ASSETS: | 13,518 | 12,729 | 11,865 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 1,490 | 1,260 | 1,212 | |||
| Taxes payable | 49 | 19 | 22 | |||
| Employee-related liabilities | 491 | 493 | 516 | |||
| Accounts payable | 699 | 531 | 299 | |||
| Accrued liabilities | 251 | 217 | 375 | |||
| Disposal group, including discontinued operation | 226 | |||||
| Other liabilities | 288 | 367 | 431 | |||
| Billings in excess of cost | ✕ | ✕ | 509 | 492 | ||
| Contract with customer, liability | 669 | ✕ | ✕ | |||
| Other undisclosed current liabilities | 17 | |||||
| Total current liabilities: | 2,447 | 2,379 | 2,135 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 3,321 | 3,330 | 3,325 | |||
| Long-term debt, excluding current maturities | 3,321 | 3,330 | 3,325 | |||
| Liabilities, other than long-term debt | 1,843 | 1,869 | 1,781 | |||
| Deferred tax liabilities, net | 196 | 158 | 236 | |||
| Liability, pension and other postretirement and postemployment benefits | 1,211 | 1,313 | 1,177 | |||
| Other liabilities | 436 | 398 | 368 | |||
| Total noncurrent liabilities: | 5,164 | 5,199 | 5,106 | |||
| Total liabilities: | 7,611 | 7,578 | 7,241 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 5,839 | 5,083 | 4,553 | |||
| Common stock | 6,866 | 6,285 | ||||
| Treasury stock, value | (7,726) | (7,404) | (7,224) | |||
| Accumulated other comprehensive loss | (725) | (691) | (726) | |||
| Retained earnings | 7,424 | 6,659 | 6,218 | |||
| Other undisclosed equity, attributable to parent | 6,519 | |||||
| Equity, attributable to noncontrolling interest | 68 | 68 | 71 | |||
| Total equity: | 5,907 | 5,151 | 4,624 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,518 | 12,729 | 11,865 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|
| Revenues | 10,244 | 9,573 | 10,511 | ||
| Revenue, net | ✕ | ✕ | 9,573 | 10,511 | |
| Cost of revenue (Cost of Product and Service Sold) | (9,138) | (8,553) | (9,503) | ||
| Gross profit: | 1,106 | 1,020 | 1,008 | ||
| Operating expenses | (9,096) | ||||
| Other undisclosed operating income | 9,110 | ||||
| Operating income: | 1,120 | 1,020 | 1,008 | ||
| Nonoperating income (Investment Income, Nonoperating) | 37 | 20 | 18 | ||
| Interest and debt expense | (69) | (7) | |||
| Income from continuing operations before equity method investments, income taxes: | 1,088 | 1,040 | 1,019 | ||
| Other undisclosed loss from continuing operations before income taxes | (164) | (169) | (169) | ||
| Income from continuing operations before income taxes: | 924 | 871 | 850 | ||
| Income tax expense | (103) | (102) | (189) | ||
| Income from continuing operations: | 821 | 769 | 661 | ||
| Income before gain (loss) on sale of properties: | 1,026 | 693 | 724 | ||
| Income (loss) from discontinued operations | 205 | (76) | 63 | ||
| Net income: | 1,026 | 693 | 724 | ||
| Net loss attributable to noncontrolling interest | (21) | (16) | (14) | ||
| Net income available to common stockholders, diluted: | 1,005 | 677 | 710 | ||
Comprehensive Income ($ in millions)
| 3/31/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|
| Net income: | 1,026 | 693 | 724 | ||
| Other comprehensive income (loss) | (34) | 35 | (152) | ||
| Comprehensive income: | 992 | 728 | 572 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (21) | (16) | (14) | ||
| Comprehensive income, net of tax, attributable to parent: | 971 | 712 | 558 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.