Exelis Inc (XLS) Financial Statements (2024 and earlier)

Company Profile

Business Address 1650 TYSONS BOULEVARD
MCLEAN, VA 22102
State of Incorp. IN
Fiscal Year End December 31
Industry (SIC) 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 510469292
Cash and cash equivalents 510469292
Receivables 824939995
Inventory, net of allowances, customer advances and progress billings, including: 225246283
Inventory  273283
Progress payments netted against inventory for long-term contracts or programs (17)
Other undisclosed inventory, net of allowances, customer advances and progress billings 242(27)
Prepaid expense and other current assets58
Deferred tax assets 5616 
Other current assets 4770
Other undisclosed current assets   85
Total current assets: 1,6621,7401,713
Noncurrent Assets
Property, plant and equipment 437498512
Intangible assets, net (including goodwill) 2,1262,3512,364
Goodwill 1,9762,1842,180
Intangible assets, net (excluding goodwill) 150167184
Other noncurrent assets 8779
Prepaid expense and other noncurrent assets67
Defined benefit plan, assets for plan benefits  61
Deferred tax assets, net 566216 
Other undisclosed noncurrent assets  (6)555
Total noncurrent assets: 3,2163,1443,499
TOTAL ASSETS: 4,8784,8845,212
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 532743893
Employee-related liabilities 170216246
Accounts payable 238367444
Accrued liabilities 124160203
Liability for uncertainty in income taxes   21
Other undisclosed current liabilities 242301301
Total current liabilities: 7741,0441,215
Noncurrent Liabilities
Long-term debt and lease obligation 649649649
Long-term debt, excluding current maturities 649649649
Liabilities, other than long-term debt 2,2081,5392,332
Pension and other postretirement defined benefit plans, liabilities1,4072,203
Deferred tax liabilities, net 221
Liability, pension and other postretirement and postemployment benefits 2,072
Other liabilities 134130128
Total noncurrent liabilities: 2,8572,1882,981
Total liabilities: 3,6313,2324,196
Equity
Equity, attributable to parent 1,2471,6521,016
Common stock 222
Treasury stock, value (128)(16) 
Additional paid in capital 2,6072,6232,575
Accumulated other comprehensive loss (1,879)(1,432)(1,835)
Retained earnings 645475274
Total equity: 1,2471,6521,016
TOTAL LIABILITIES AND EQUITY: 4,8784,8845,212

Income Statement (P&L) ($ in millions)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 3,2774,8165,522
Cost of revenue
(Cost of Goods and Services Sold)
 (2,436)(3,748)(4,359)
Gross profit: 8411,0681,163
Operating expenses (526)(675)(693)
Other undisclosed operating income 828391
Operating income: 397476561
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 5(2)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes (37)(37)(37)
Income from continuing operations before income taxes: 365437521
Income tax expense (135)(156)(191)
Income from continuing operations: 230281330
Income before gain (loss) on sale of properties: 249281330
Income from discontinued operations 19  
Net income available to common stockholders, diluted: 249281330

Comprehensive Income ($ in millions)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net income: 249281330
Other comprehensive income (loss) (447)403(169)
Comprehensive income (loss), net of tax, attributable to parent: (198)684161

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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