L3Harris Historical Income Statement

LHX Stock

USD 205.45 3.37 1.67%

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.

Cash Flow Balance Sheet Income Statement

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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.

Net Income Gross Profit

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.

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

L3Harris Technologies Income Statement is one of the three primary financial statements used for reporting L3Harris's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of L3Harris Technologies revenue and expense. L3Harris Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.

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).

Total Revenue Gross Profit Other Operating Expenses Operating Income

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

Gross Profit Total Revenue

L3Harris Technologies income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Discontinued Operations	Non Recurring	Extraordinary Items	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.99	0.99	0.99	0.98	0.99	0.99	0.99	-0.61	0.71	-0.52	0.76	0.58	0.63	0.83	0.22	0.52	0.95	-0.22	0.97	0.98	-0.02	-0.03	-0.92	0.44	0.92
Total Revenue	0.99		1.0	0.99	0.99	0.99	0.97	1.0	-0.63	0.73	-0.53	0.79	0.56	0.64	0.83	0.17	0.54	0.96	-0.2	0.97	0.97	0.08	-0.07	-0.91	0.46	0.9
Gross Profit	0.99	1.0		0.99	0.99	1.0	0.97	1.0	-0.63	0.74	-0.5	0.8	0.6	0.65	0.83	0.17	0.55	0.96	-0.22	0.98	0.97	0.08	-0.02	-0.92	0.47	0.91
Other Operating Expenses	0.99	0.99	0.99		0.98	0.99	0.99	0.99	-0.66	0.73	-0.52	0.79	0.57	0.65	0.85	0.21	0.54	0.97	-0.14	0.96	0.97	0.02	-0.1	-0.89	0.4	0.89
Operating Income	0.98	0.99	0.99	0.98		0.99	0.97	0.99	-0.57	0.73	-0.47	0.77	0.6	0.58	0.79	0.11	0.53	0.94	-0.27	0.98	0.97	0.07	0.05	-0.93	0.54	0.91
Ebit	0.99	0.99	1.0	0.99	0.99		0.97	0.99	-0.67	0.73	-0.46	0.79	0.61	0.63	0.82	0.13	0.54	0.97	-0.21	0.98	0.96	0.08	-0.01	-0.92	0.48	0.91
Ebitda	0.99	0.97	0.97	0.99	0.97	0.97		0.97	-0.66	0.71	-0.46	0.76	0.59	0.63	0.85	0.2	0.53	0.96	-0.13	0.95	0.96	-0.03	-0.05	-0.89	0.4	0.89
Cost Of Revenue	0.99	1.0	1.0	0.99	0.99	0.99	0.97		-0.63	0.73	-0.55	0.79	0.55	0.64	0.83	0.18	0.54	0.96	-0.19	0.97	0.97	0.08	-0.09	-0.9	0.45	0.9
Total Operating Expenses	-0.61	-0.63	-0.63	-0.66	-0.57	-0.67	-0.66	-0.63		-0.48	0.19	-0.59	-0.43	-0.68	-0.66	-0.15	-0.4	-0.79	-0.23	-0.61	-0.58	-0.07	0.36	0.51	-0.01	-0.54
Income Before Tax	0.71	0.73	0.74	0.73	0.73	0.73	0.71	0.73	-0.48		0.07	0.98	0.79	0.75	0.69	-0.1	0.91	0.7	-0.03	0.75	0.71	0.06	0.25	-0.63	0.39	0.63
Total Other Income Expense Net	-0.52	-0.53	-0.5	-0.52	-0.47	-0.46	-0.46	-0.55	0.19	0.07		-0.05	0.3	-0.06	-0.36	-0.38	0.26	-0.46	0.1	-0.42	-0.52	-0.03	0.62	0.39	-0.12	-0.41
Net Income	0.76	0.79	0.8	0.79	0.77	0.79	0.76	0.79	-0.59	0.98	-0.05		0.73	0.79	0.74	-0.03	0.88	0.77	0.03	0.79	0.76	0.07	0.09	-0.65	0.35	0.66
Income Tax Expense	0.58	0.56	0.6	0.57	0.6	0.61	0.59	0.55	-0.43	0.79	0.3	0.73		0.67	0.66	-0.06	0.89	0.57	-0.26	0.67	0.56	0.05	0.56	-0.67	0.31	0.73
Selling General Administrative	0.63	0.64	0.65	0.65	0.58	0.63	0.63	0.64	-0.68	0.75	-0.06	0.79	0.67		0.72	0.48	0.72	0.67	0.05	0.58	0.6	0.06	-0.02	-0.5	-0.11	0.61
Research Development	0.83	0.83	0.83	0.85	0.79	0.82	0.85	0.83	-0.66	0.69	-0.36	0.74	0.66	0.72		0.24	0.66	0.81	-0.17	0.82	0.83	0.04	-0.1	-0.76	0.29	0.84
Selling And Marketing Expenses	0.22	0.17	0.17	0.21	0.11	0.13	0.2	0.18	-0.15	-0.1	-0.38	-0.03	-0.06	0.48	0.24		-0.14	0.16	-0.02	0.01	0.17	-0.13	-0.25	-0.08	-0.54	0.19
Net Income From Continuing Ops	0.52	0.54	0.55	0.54	0.53	0.54	0.53	0.54	-0.4	0.91	0.26	0.88	0.89	0.72	0.66	-0.14		0.52	-0.03	0.6	0.53	0.05	0.35	-0.5	0.26	0.59
Non Operating Income Net Other	0.95	0.96	0.96	0.97	0.94	0.97	0.96	0.96	-0.79	0.7	-0.46	0.77	0.57	0.67	0.81	0.16	0.52		-0.1	0.94	0.93	0.03	-0.14	-0.87	0.37	0.86
Minority Interest	-0.22	-0.2	-0.22	-0.14	-0.27	-0.21	-0.13	-0.19	-0.23	-0.03	0.1	0.03	-0.26	0.05	-0.17	-0.02	-0.03	-0.1		-0.26	-0.26	-0.08	-0.56	0.46	-0.66	-0.39
Discontinued Operations	0.97	0.97	0.98	0.96	0.98	0.98	0.95	0.97	-0.61	0.75	-0.42	0.79	0.67	0.58	0.82	0.01	0.6	0.94	-0.26		0.95	0.08	0.06	-0.96	0.55	0.93
Non Recurring	0.98	0.97	0.97	0.97	0.97	0.96	0.96	0.97	-0.58	0.71	-0.52	0.76	0.56	0.6	0.83	0.17	0.53	0.93	-0.26	0.95		-0.14	-0.04	-0.91	0.5	0.89
Extraordinary Items	-0.02	0.08	0.08	0.02	0.07	0.08	-0.03	0.08	-0.07	0.06	-0.03	0.07	0.05	0.06	0.04	-0.13	0.05	0.03	-0.08	0.08	-0.14		-0.03	-0.08	0.08	0.06
Tax Provision	-0.03	-0.07	-0.02	-0.1	0.05	-0.01	-0.05	-0.09	0.36	0.25	0.62	0.09	0.56	-0.02	-0.1	-0.25	0.35	-0.14	-0.56	0.06	-0.04	-0.03		-0.21	0.39	0.15
Net Interest Income	-0.92	-0.91	-0.92	-0.89	-0.93	-0.92	-0.89	-0.9	0.51	-0.63	0.39	-0.65	-0.67	-0.5	-0.76	-0.08	-0.5	-0.87	0.46	-0.96	-0.91	-0.08	-0.21		-0.58	-0.94
Interest Income	0.44	0.46	0.47	0.4	0.54	0.48	0.4	0.45	-0.01	0.39	-0.12	0.35	0.31	-0.11	0.29	-0.54	0.26	0.37	-0.66	0.55	0.5	0.08	0.39	-0.58		0.43
Reconciled Depreciation	0.92	0.9	0.91	0.89	0.91	0.91	0.89	0.9	-0.54	0.63	-0.41	0.66	0.73	0.61	0.84	0.19	0.59	0.86	-0.39	0.93	0.89	0.06	0.15	-0.94	0.43

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L3Harris Technologies Account Relationship Matchups

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	368.0M
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

L3Harris Technologies Investors Sentiment

The influence of L3Harris Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in L3Harris. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to L3Harris Technologies' public news can be used to forecast risks associated with an investment in L3Harris. The trend in average sentiment can be used to explain how an investor holding L3Harris can time the market purely based on public headlines and social activities around L3Harris Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

L3Harris Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for L3Harris Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average L3Harris Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on L3Harris Technologies.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards L3Harris Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, L3Harris Technologies' short interest history, or implied volatility extrapolated from L3Harris Technologies options trading.

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When determining whether L3Harris Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of L3Harris Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of L3harris Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on L3harris Technologies Stock:

How To Invest In L3Harris

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Is L3Harris Stock a good investment?

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What is L3Harris Technologies' Net Worth?

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For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.

Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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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.

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Is L3Harris Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of L3Harris Technologies. If investors know L3Harris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about L3Harris Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.62)

Dividend Share

4.56

Earnings Share

6.44

Revenue Per Share

102.421

Quarterly Revenue Growth

0.166

The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if L3Harris Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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L3Harris Historical Income Statement

About L3Harris Income Statement Analysis

L3Harris Technologies Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

L3Harris Technologies income statement Correlations

L3Harris Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

L3Harris Technologies income statement Accounts

L3Harris Technologies Investors Sentiment

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COMPANY

Gross Profit	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Ebit	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Gross Profit
Total Revenue	+ 0.99	Depreciation And Amortization
Gross Profit	+ 0.99	Depreciation And Amortization

Net Interest Income	- 0.96	Discontinued Operations
Reconciled Depreciation	- 0.94	Net Interest Income
Net Interest Income	- 0.93	Operating Income
Net Interest Income	- 0.92	Ebit
Net Interest Income	- 0.92	Gross Profit
Net Interest Income	- 0.92	Depreciation And Amortization