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L3Harris Technologies Inc. (LHX) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1025 W NASA BLVD MELBOURNE, FL 32919 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2026 MRQ | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,069,000 | 615,000 | 560,000 | 880,000 | 941,000 | 1,276,000 | |||
| Cash and cash equivalent | 1,069,000 | 615,000 | 560,000 | 880,000 | 941,000 | 1,276,000 | |||
| Receivables | 1,424,000 | 1,451,000 | 1,230,000 | 1,291,000 | 1,143,000 | 1,639,000 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,219,000 | 1,330,000 | 1,472,000 | 1,291,000 | 982,000 | 973,000 | |||
| Inventory | 1,219,000 | 1,330,000 | 1,472,000 | 1,291,000 | 982,000 | 973,000 | |||
| Contract with customer, asset, after allowance for credit loss | 3,566,000 | 3,230,000 | 3,196,000 | 2,987,000 | 3,021,000 | 2,437,000 | |||
| Disposal group, including discontinued operation | 884,000 | 1,131,000 | 1,106,000 | 47,000 | 35,000 | ||||
| Other current assets | 431,000 | 461,000 | 491,000 | 258,000 | 224,000 | 307,000 | |||
| Other undisclosed current assets | 48,000 | ||||||||
| Total current assets: | 8,593,000 | 8,218,000 | 8,055,000 | 6,754,000 | 6,359,000 | 6,667,000 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 192,000 | 202,000 | 218,000 | 155,000 | |||||
| Operating lease, right-of-use asset | 717,000 | 684,000 | 743,000 | 756,000 | 769,000 | 766,000 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 3,492,000 | 2,102,000 | |||||||
| Long-term investments and receivables | 88,000 | ||||||||
| Long-term investments | 88,000 | ||||||||
| Intangible asset, including goodwill, after accumulated amortization | 26,519,000 | 27,964,000 | 28,519,000 | 23,284,000 | 24,829,000 | 26,784,000 | |||
| Goodwill | 20,010,000 | 20,325,000 | 19,979,000 | 17,283,000 | 18,189,000 | 18,876,000 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 6,509,000 | 7,639,000 | 8,540,000 | 6,001,000 | 6,640,000 | 7,908,000 | |||
| Deferred income tax assets | 76,000 | 120,000 | 91,000 | 73,000 | 85,000 | 119,000 | |||
| Other noncurrent assets | 3,342,000 | 2,893,000 | 2,160,000 | 553,000 | 566,000 | 522,000 | |||
| Other undisclosed noncurrent assets | 1,668,000 | 1,920,000 | 1,901,000 | 1,949,000 | (1,391,000) | ||||
| Total noncurrent assets: | 32,602,000 | 33,783,000 | 33,632,000 | 26,770,000 | 28,350,000 | 30,293,000 | |||
| TOTAL ASSETS: | 41,195,000 | 42,001,000 | 41,687,000 | 33,524,000 | 34,709,000 | 36,960,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,943,000 | 2,453,000 | 3,867,000 | 3,537,000 | 3,241,000 | 3,019,000 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 28,000 | 49,000 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 444,000 | 496,000 | ||
| Accounts payable | 2,461,000 | 2,005,000 | 2,106,000 | 1,945,000 | 1,767,000 | 1,406,000 | |||
| Accrued liabilities | 482,000 | 448,000 | 1,761,000 | 1,592,000 | 1,002,000 | 1,068,000 | |||
| Deferred revenue | 2,262,000 | 2,142,000 | 1,900,000 | 1,400,000 | 1,297,000 | 1,198,000 | |||
| Debt | 1,155,000 | 1,965,000 | 820,000 | 13,000 | 10,000 | ||||
| Disposal group, including discontinued operation | 113,000 | 235,000 | 272,000 | 19,000 | 13,000 | ||||
| Other liabilities | 1,908,000 | 1,648,000 | |||||||
| Total current liabilities: | 7,226,000 | 7,633,000 | 8,004,000 | 5,776,000 | 4,551,000 | 4,240,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 10,443,000 | 11,081,000 | 11,160,000 | 6,225,000 | 7,048,000 | 6,908,000 | |||
| Long-term debt, excluding current maturities | 10,443,000 | 11,081,000 | 11,160,000 | 6,225,000 | 7,048,000 | 6,908,000 | |||
| Finance lease, liability | 221,000 | 203,000 | 243,000 | 165,000 | 157,000 | ||||
| Other undisclosed long-term debt and lease obligation | (221,000) | (203,000) | (243,000) | (165,000) | (925,000) | (734,000) | |||
| Liabilities, other than long-term debt | 3,891,000 | 3,708,000 | 3,694,000 | 2,899,000 | 3,130,000 | 4,310,000 | |||
| Deferred revenue | 107,000 | 73,000 | |||||||
| Deferred income tax liabilities | 1,114,000 | 942,000 | 815,000 | 719,000 | 1,344,000 | 1,237,000 | |||
| Liability, pension and other postretirement and postemployment benefits | 262,000 | 614,000 | 1,906,000 | ||||||
| Other liabilities | 2,777,000 | 2,766,000 | 2,879,000 | 1,177,000 | 1,065,000 | 1,094,000 | |||
| Operating lease, liability | 741,000 | 768,000 | 734,000 | ||||||
| Other undisclosed noncurrent liabilities | 661,000 | 661,000 | |||||||
| Total noncurrent liabilities: | 14,334,000 | 14,789,000 | 14,854,000 | 9,124,000 | 10,839,000 | 11,879,000 | |||
| Total liabilities: | 21,560,000 | 22,422,000 | 22,858,000 | 14,900,000 | 15,390,000 | 16,119,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | 19,635,000 | 19,514,000 | 18,765,000 | 18,523,000 | 19,213,000 | 20,724,000 | |||
| Common stock | 187,000 | 190,000 | 190,000 | 191,000 | 194,000 | 208,000 | |||
| Additional paid in capital | 15,117,000 | 15,558,000 | 15,553,000 | 15,677,000 | 16,248,000 | 19,008,000 | |||
| Accumulated other comprehensive income (loss) | 119,000 | 27,000 | (198,000) | (288,000) | (146,000) | (839,000) | |||
| Retained earnings | 4,212,000 | 3,739,000 | 3,220,000 | 2,943,000 | 2,917,000 | 2,347,000 | |||
| Equity, attributable to noncontrolling interest | 65,000 | 64,000 | 101,000 | 106,000 | 117,000 | ||||
| Total equity: | 19,635,000 | 19,579,000 | 18,829,000 | 18,624,000 | 19,319,000 | 20,841,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 41,195,000 | 42,001,000 | 41,687,000 | 33,524,000 | 34,709,000 | 36,960,000 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2026 TTM | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 21,325,000 | 19,419,000 | 17,062,000 | 17,814,000 | 18,194,000 | |||
| Cost of revenue (Cost of Product and Service Sold) | (15,801,000) | (14,306,000) | (12,135,000) | (12,438,000) | (12,886,000) | |||
| Gross profit: | 5,524,000 | 5,113,000 | 4,927,000 | 5,376,000 | 5,308,000 | |||
| Operating expenses | (3,515,000) | (3,606,000) | (3,687,000) | (4,160,000) | (3,607,000) | (4,159,000) | ||
| Other undisclosed operating income | 5,625,000 | 1,059,000 | 1,573,000 | |||||
| Operating income: | 2,110,000 | 1,918,000 | 1,426,000 | 1,826,000 | 3,342,000 | 1,149,000 | ||
| Nonoperating income | 419,000 | 354,000 | 338,000 | 425,000 | 439,000 | 401,000 | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (389,000) | |||||||
| Other nonoperating income | 419,000 | 354,000 | 338,000 | 2,000 | 28,000 | 401,000 | ||
| Interest and debt expense | (270,000) | |||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 42,000 | |||||||
| Income from continuing operations before equity method investments, income taxes: | 2,529,000 | 2,272,000 | 1,764,000 | 2,251,000 | 3,781,000 | 1,322,000 | ||
| Other undisclosed loss from continuing operations before income taxes | (597,000) | (675,000) | (543,000) | (978,000) | (1,498,000) | |||
| Income from continuing operations before income taxes: | 1,932,000 | 1,597,000 | 1,221,000 | 1,273,000 | 2,283,000 | 1,322,000 | ||
| Income tax expense | (326,000) | (85,000) | (23,000) | (212,000) | (440,000) | (234,000) | ||
| Income from continuing operations: | 1,606,000 | 1,512,000 | 1,198,000 | 1,061,000 | 1,843,000 | 1,088,000 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 1,842,000 | 1,086,000 | |
| Loss from discontinued operations | (1,000) | (2,000) | ||||||
| Net income: | 1,606,000 | 1,512,000 | 1,198,000 | 1,061,000 | 1,842,000 | 1,086,000 | ||
| Net income attributable to noncontrolling interest | 1,000 | 4,000 | 33,000 | |||||
| Other undisclosed net income (loss) attributable to parent | (10,000) | 29,000 | ||||||
| Net income attributable to parent: | 1,606,000 | 1,502,000 | 1,227,000 | 1,062,000 | 1,846,000 | 1,119,000 | ||
| Other undisclosed net income available to common stockholders, basic | 1,000 | 2,000 | ||||||
| Net income available to common stockholders, diluted: | 1,606,000 | 1,502,000 | 1,227,000 | 1,062,000 | 1,847,000 | 1,121,000 | ||
Comprehensive Income ($ in thousands)
| 3/31/2026 TTM | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,606,000 | 1,512,000 | 1,198,000 | 1,061,000 | 1,842,000 | 1,086,000 | ||
| Other comprehensive income (loss) | 92,000 | 225,000 | 90,000 | (142,000) | 693,000 | (331,000) | ||
| Comprehensive income: | 1,698,000 | 1,737,000 | 1,288,000 | 919,000 | 2,535,000 | 755,000 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (10,000) | 29,000 | 1,000 | 4,000 | 33,000 | |||
| Comprehensive income, net of tax, attributable to parent: | 1,698,000 | 1,727,000 | 1,317,000 | 920,000 | 2,539,000 | 788,000 | ||
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.
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