L3 Technologies, Inc. (LLL) financial statements (2022 and earlier)

Company profile

Business Address 600 THIRD AVENUE
NEW YORK, NY 10016
State of Incorp. DE
Fiscal Year End December 31
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)

Current Assets
Cash, cash equivalents, and short-term investments1,066662363
Cash and cash equivalents1,066662363
Inventory, net of allowances, customer advances and progress billings, including:879820862
Progress payments netted against inventory for long-term contracts or programs (71)(203)
Other undisclosed inventory, net of allowances, customer advances and progress billings 502735
Contract with customer, asset1,590
Disposal group, including discontinued operation 306 
Assets held-for-sale, not part of disposal group 135 
Other current assets  218
Other undisclosed current assets3561,8021,523
Total current assets:4,8104,4483,697
Noncurrent Assets
Property, plant and equipment1,1691,1101,121
Intangible assets, net (including goodwill)7,1986,9076,798
Intangible assets, net (excluding goodwill)390292238
Other noncurrent assets341264249
Total noncurrent assets:8,7088,2818,168
TOTAL ASSETS:13,51812,72911,865
Current Liabilities
Accounts payable and accrued liabilities1,4901,2601,212
Accounts payable699531299
Accrued liabilities251217375
Employee-related liabilities491493516
Taxes payable491922
Disposal group, including discontinued operation 226 
Billings in excess of cost509492
Contract with customer, liability669
Other liabilities288367431
Other undisclosed current liabilities 17 
Total current liabilities:2,4472,3792,135
Noncurrent Liabilities
Long-term debt and lease obligation3,3213,3303,325
Long-term debt, excluding current maturities3,3213,3303,325
Liabilities, other than long-term debt1,8431,8691,781
Deferred tax liabilities, net196158236
Liability, pension and other postretirement and postemployment benefits1,2111,3131,177
Other liabilities436398368
Total noncurrent liabilities:5,1645,1995,106
Total liabilities:7,6117,5787,241
Stockholders' equity
Stockholders' equity attributable to parent, including:5,8395,0834,553
Common stock6,866 6,285
Treasury stock, value(7,726)(7,404)(7,224)
Accumulated other comprehensive loss(725)(691)(726)
Retained earnings7,4246,6596,218
Other undisclosed stockholders' equity attributable to parent 6,519 
Stockholders' equity attributable to noncontrolling interest686871
Total stockholders' equity:5,9075,1514,624

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

Revenue, net9,57310,511
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:1,1061,0201,008
Operating expenses(9,096)  
Other undisclosed operating income9,110  
Operating income:1,1201,0201,008
Nonoperating income
(Investment Income, Nonoperating)
Interest and debt expense(69) (7)
Income from continuing operations before equity method investments, income taxes:1,0881,0401,019
Other undisclosed loss from continuing operations before income taxes(164)(169)(169)
Income from continuing operations before income taxes:924871850
Income tax expense(103)(102)(189)
Income from continuing operations:821769661
Income (loss) from discontinued operations205(76)63
Net income:1,026693724
Net loss attributable to noncontrolling interest(21)(16)(14)
Net income available to common stockholders, diluted:1,005677710

Comprehensive Income ($ in millions)

Net income:1,026693724
Other comprehensive income (loss)(34)35(152)
Comprehensive income:992728572
Comprehensive loss, net of tax, attributable to noncontrolling interest(21)(16)(14)
Comprehensive income, net of tax, attributable to parent:971712558

Statements sources

The financial statements are based on the company's filings with the 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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