L3Harris Historical Income Statement
| LHX Stock | USD 226.65 1.82 0.81% |
Historical analysis of L3Harris Technologies income statement accounts such as Gross Profit of 5.9 B can show how well L3Harris Technologies performed in making a profits. Evaluating L3Harris Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of L3Harris Technologies's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining L3Harris Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether L3Harris Technologies is a good buy for the upcoming year.
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About L3Harris Income Statement Analysis
L3Harris Technologies Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to L3Harris Technologies shareholders. The income statement also shows L3Harris investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
L3Harris Technologies Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts L3Harris Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of L3Harris Technologies minus its cost of goods sold. It is profit before L3Harris Technologies operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of L3Harris Technologies. It is also known as L3Harris Technologies overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from L3Harris Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of L3Harris Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from L3Harris Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into L3Harris Technologies current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.At this time, L3Harris Technologies' Income Before Tax is fairly stable compared to the past year. Net Income is likely to rise to about 1.3 B in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (322.3 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.4B | 4.9B | 5.7B | 5.9B | Total Revenue | 17.8B | 17.1B | 19.6B | 20.6B |
L3Harris Technologies income statement Correlations
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L3Harris Technologies Account Relationship Matchups
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L3Harris Technologies income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 894M | 1.0B | 967M | 938M | 1.1B | 1.1B | |
| Interest Expense | 217M | 254M | 265M | 279M | 320.9M | 336.9M | |
| Total Revenue | 18.5B | 18.2B | 17.8B | 17.1B | 19.6B | 20.6B | |
| Gross Profit | 5.1B | 5.3B | 5.4B | 4.9B | 5.7B | 5.9B | |
| Other Operating Expenses | 16.3B | 16.2B | 15.7B | 15.1B | 17.4B | 18.3B | |
| Operating Income | 2.3B | 2.4B | 2.6B | 2.4B | 2.7B | 2.9B | |
| Ebit | 2.3B | 2.4B | 2.6B | 2.4B | 2.7B | 2.9B | |
| Ebitda | 3.2B | 3.4B | 3.5B | 3.3B | 3.8B | 4.0B | |
| Cost Of Revenue | 13.5B | 12.9B | 12.4B | 12.1B | 14.0B | 14.7B | |
| Total Operating Expenses | 2.8B | 3.3B | 3.3B | 3.0B | 3.4B | 3.6B | |
| Income Before Tax | 1.8B | 1.3B | 2.3B | 1.3B | 1.5B | 1.5B | |
| Total Other Income Expense Net | (444M) | (417M) | 452M | (377M) | (339.3M) | (322.3M) | |
| Net Income | 1.6B | 1.1B | 1.8B | 1.1B | 1.2B | 1.3B | |
| Income Tax Expense | 146M | 234M | 440M | 212M | 243.8M | 145.3M | |
| Selling General Administrative | 2.8B | 3.3B | 3.3B | 1.2B | 1.4B | 1.5B | |
| Research Development | 658M | 684M | 692M | 603M | 693.5M | 426.4M | |
| Net Income From Continuing Ops | 1.3B | 1.1B | 1.8B | 1.1B | 1.2B | 879.2M | |
| Extraordinary Items | 15M | (4M) | (1M) | (2M) | (1.2M) | (1.2M) | |
| Tax Provision | 73M | 234M | 440M | 212M | 243.8M | 256.3M | |
| Net Interest Income | (204M) | (254M) | (265M) | (279M) | (251.1M) | (263.7M) | |
| Reconciled Depreciation | 571M | 1.0B | 967M | 938M | 1.1B | 681.4M |
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Additional Tools for L3Harris Stock Analysis
When running L3Harris Technologies' price analysis, check to measure L3Harris Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.