← L3HARRIS TECHNOLOGIES, INC. /DE/

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — $1.1b $1.2b $1.5b $1.6b —
Net Income (Loss) Attributable to Parent $324.0m $553.0m $718.0m $949.0m $1.8b $1.1b $1.2b $1.5b $1.6b $1.6b
Net Income (Loss) Available to Common Stockholders, Basic $324.0m $553.0m $719.0m $951.0m $1.8b $1.1b $1.2b $1.5b $1.5b $1.6b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $345.0m — — — $1.8b $1.1b $1.2b — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $345.0m $638.0m $721.0m $953.0m $1.8b $1.1b $1.2b — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent ($21.0m) — — — ($1.0m) $0 $0 — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($21.0m) ($85.0m) ($3.0m) ($4.0m) ($1.0m) $0 $0 — — —
Net Income (Loss) Attributable to Noncontrolling Interest $0 — — — ($4.0m) ($1.0m) ($29.0m) $10.0m $0 $0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $324.0m $553.0m $718.0m $949.0m $1.8b $1.1b $1.2b $1.5b $1.6b $1.6b
Amortization of Intangible Assets $167.0m $126.0m $117.0m $115.0m $627.0m $605.0m $779.0m $853.0m $770.0m $770.0m
Depreciation, Depletion and Amortization $361.0m $311.0m $259.0m $258.0m $967.0m $938.0m $1.2b $1.3b $1.2b $1.2b
Depreciation, Nonproduction $200.0m $147.0m $143.0m $138.0m $343.0m $342.0m $389.0m $429.0m $453.0m $453.0m
Amortization Cash Flow — — — — $627.0m $605.0m $779.0m — — —
Amortization Of Intangibles — — — — $627.0m $605.0m $779.0m — — —
Depreciation Amortization Depletion — — — — — $938.0m $1.2b $1.3b $1.2b —
Deferred Income Tax Expense (Benefit) $285.0m $135.0m $345.0m $38.0m ($110.0m) ($601.0m) ($421.0m) $174.0m $206.0m $206.0m
Deferred income taxes — — — $44.0m ($215.0m) ($596.0m) ($423.0m) — $174.0m $206.0m
Deferred Income Tax — — — — — ($596.0m) ($423.0m) $174.0m $206.0m —
Deferred Tax — — — — — ($596.0m) ($423.0m) $174.0m $206.0m —
Equity Method Investment, Other than Temporary Impairment — — — — — $0 — — — —
Goodwill, Impairment Loss $290.0m — — — $62.0m $802.0m $296.0m $14.0m $85.0m $85.0m
Impairment of goodwill and other assets $367.0m $240.0m $0 $0 $767.0m $802.0m $374.0m — $38.0m $85.0m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — $5.0m $45.0m — — — —
Share-based Payment Arrangement, Expense $39.0m $42.0m $51.0m $58.0m $129.0m $109.0m $89.0m $97.0m $113.0m $113.0m
Share-based Payment Arrangement, Noncash Expense $39.0m $42.0m $82.0m $141.0m $129.0m $109.0m $89.0m $97.0m $113.0m $113.0m
Share-based compensation $39.0m $42.0m $82.0m $141.0m $94.0m $109.0m $89.0m — $97.0m $113.0m
Share-based matching contributions under defined contribution plans — — — $83.0m $216.0m $216.0m $231.0m — $264.0m $253.0m
Asset Impairment Charge — — — — — $802.0m $374.0m $38.0m $85.0m —
Gain (Loss) on Disposition of Assets — — — — — — ($51.0m) — — —
Gain (Loss) on Disposition of Business — ($14.0m) $0 $0 $220.0m $0 — — — —
Gain (Loss) on Disposition of Other Assets — — — — — $8.0m — — — —
Gain (Loss) on Disposition of Property Plant Equipment — — — — $0 ($6.0m) — — — —
Gain (Loss) on Extinguishment of Debt — — ($24.0m) $0 $0 — — — — —
Income (Loss) from Equity Method Investments — — — — — — — — — —
Income Tax Expense (Benefit) $266.0m $267.0m $205.0m $160.0m $440.0m $212.0m $23.0m $85.0m $326.0m $326.0m
Other Nonoperating Income (Expense) — — ($3.0m) $0 $28.0m $2.0m — $354.0m $419.0m $419.0m
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable ($10.0m) $18.0m $82.0m ($84.0m) $173.0m $180.0m $87.0m — ($90.0m) $475.0m
Cash Flow From Continuing Operating Activities $924.0m $569.0m $751.0m $1.2b $2.8b $2.2b $2.1b $2.6b $3.1b —
Change in commercial paper, maturities under 90 days, net — — — — — $0 $623.0m — ($567.0m) ($515.0m)
Compensation and benefits — — — $19.0m $43.0m ($45.0m) $38.0m — ($128.0m) $70.0m
Contract assets — $156.0m ($76.0m) ($25.0m) ($116.0m) $23.0m $62.0m — ($194.0m) ($437.0m)
Contract liabilities — ($31.0m) $81.0m $124.0m $14.0m $121.0m $195.0m — $126.0m $181.0m
Gain (Loss) on Investments — — — — — ($18.0m) — — — —
Goodwill $6.0b $5.4b $5.4b $5.3b $18.2b $17.3b $20.0b $20.3b $20.0b $20.0b
Income taxes ($53.0m) $131.0m $202.0m $22.0m $61.0m $499.0m ($333.0m) — ($383.0m) $365.0m
Increase (Decrease) in Accounts Payable — — $82.0m ($84.0m) $430.0m $180.0m $87.0m ($90.0m) $475.0m $475.0m
Increase (Decrease) in Accounts Receivable — — $112.0m $9.0m ($217.0m) $210.0m ($124.0m) ($128.0m) $343.0m $343.0m
Increase (Decrease) in Inventories $28.0m ($28.0m) $84.0m $1.0m $68.0m $310.0m $182.0m ($96.0m) ($117.0m) ($117.0m)
Inventories, net ($28.0m) $28.0m ($84.0m) ($1.0m) $60.0m ($310.0m) ($182.0m) — $96.0m $117.0m
Investment Income, Interest $2.0m $2.0m $2.0m $2.0m — — — — — —
Net periodic benefit income — — — ($150.0m) ($321.0m) ($395.0m) ($275.0m) — ($286.0m) ($330.0m)
Nonoperating Income (Expense) $10.0m $2.0m ($28.0m) $188.0m $439.0m $425.0m — — — —
Operating Cash Flow $924.0m $569.0m $751.0m $1.2b $2.8b $2.2b $2.1b $2.6b $3.1b —
Operating Expenses $1.2b $1.0b $1.1b $1.2b — — — — — —
Other current assets — — — — $23.0m $13.0m ($55.0m) — ($29.0m) $17.0m
Other current liabilities — — — — — ($181.0m) ($88.0m) — $155.0m ($423.0m)
Other operating activities $27.0m ($151.0m) ($47.0m) ($53.0m) $108.0m ($73.0m) ($163.0m) — ($210.0m) ($73.0m)
Pension Cost (Reversal of Cost) ($26.0m) — — ($186.0m) ($445.0m) ($441.0m) — — — —
Pension Expense (Reversal of Expense), Noncash — ($97.0m) ($135.0m) ($136.0m) — — — — — —
Proceeds from Stock Options Exercised $44.0m $54.0m $34.0m $50.0m $97.0m $57.0m $24.0m $133.0m — —
Proceeds from commercial paper, maturities over 90 days — — — — — $0 $1.2b — $688.0m $0
Receivables, net $192.0m $111.0m ($112.0m) ($9.0m) ($250.0m) ($210.0m) $124.0m — $128.0m ($343.0m)
Repayments of commercial paper, maturities over 90 days — — — — — $0 ($205.0m) — ($1.2b) $0
Beginning Cash Position — — — — — $941.0m $880.0m $560.0m $615.0m —
Cash Flow From Continuing Financing Activities — — — — — ($2.0b) $4.6b ($2.2b) ($3.1b) —
Cash Flow From Continuing Investing Activities — — — — — ($250.0m) ($7.0b) ($263.0m) $407.0m —
Change In Account Payable — — — — — $180.0m $87.0m ($90.0m) $475.0m —
Change In Accrued Expense — — — — $20.0m ($181.0m) ($88.0m) — — —
Change In Inventory — — — — — ($310.0m) ($182.0m) $96.0m $117.0m —
Change In Other Current Assets — — — — — $13.0m ($55.0m) ($29.0m) $17.0m —
Change In Other Current Liabilities — — — — — ($181.0m) ($88.0m) $155.0m ($423.0m) —
Change In Other Working Capital — — — — — $575.0m ($100.0m) ($385.0m) $616.0m —
Change In Payable — — — — — $180.0m $87.0m ($90.0m) $475.0m —
Change In Payables And Accrued Expense — — — — — $180.0m $87.0m ($90.0m) $475.0m —
Change In Prepaid Assets — — — — $23.0m $13.0m — — — —
Change In Receivables — — — — — ($187.0m) $186.0m ($66.0m) ($780.0m) —
Change In Working Capital — — — — — $90.0m ($152.0m) ($319.0m) $22.0m —
Changes In Account Receivables — — — — — ($210.0m) $124.0m $128.0m ($343.0m) —
Changes In Cash — — — — — ($43.0m) ($331.0m) $72.0m $431.0m —
End Cash Position — — — — — $880.0m $560.0m $615.0m $1.1b —
Financing Cash Flow — — — — — ($2.0b) $4.6b ($2.2b) ($3.1b) —
Free Cash Flow — — — — — $1.9b $1.6b $2.2b $2.7b —
Gain Loss On Sale Of Business — — — — ($220.0m) $0 $51.0m — — —
Gain Loss On Sale Of PPE — — — — $0 $6.0m — — — —
Investing Cash Flow — — — — — ($250.0m) ($7.0b) ($263.0m) $407.0m —
Net Business Purchase And Sale — — — — — $23.0m ($6.6b) $273.0m $820.0m —
Net PPE Purchase And Sale — — — — ($335.0m) $14.0m ($393.0m) $1.0m — —
Operating Gains Losses — — — — — ($395.0m) ($275.0m) ($286.0m) ($330.0m) —
Other Non Cash Items — — — — — ($67.0m) ($112.0m) ($210.0m) ($73.0m) —
Pension And Employee Benefit Expense — — — — — ($395.0m) ($275.0m) ($286.0m) ($330.0m) —
Proceeds From Stock Option Exercised — — — — $97.0m $57.0m $24.0m $133.0m — —
Purchase Of Business — — — — — $0 ($6.7b) $0 $0 —
Purchase Of PPE — — — — ($342.0m) ($252.0m) ($449.0m) — — —
Repurchase Of Capital Stock — — — — — ($1.1b) ($518.0m) ($554.0m) ($1.2b) —
Sale Of Business — — — — — $23.0m $71.0m $273.0m $820.0m —
Sale Of PPE — — — — $7.0m $14.0m $56.0m $1.0m — —
Stock Based Compensation — — — — — $325.0m $320.0m $361.0m $366.0m —
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment $120.0m — — — — — — — — —
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax — — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $924.0m $569.0m $751.0m $1.2b $2.7b $2.2b $2.1b $2.6b $3.1b $3.1b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $152.0m $119.0m $136.0m $161.0m $342.0m $252.0m $449.0m $408.0m $424.0m $424.0m
Capital Expenditure Reported — — — — — ($252.0m) ($449.0m) ($408.0m) ($424.0m) —
Net cash paid for acquired businesses $0 $0 — — $0 $0 ($6.7b) — $0 $0
Payments to Acquire Businesses, Net of Cash Acquired $0 $0 — — $0 $0 $6.7b $0 $0 $0
Proceeds from sales of businesses, net of cash divested $0 $1.0b $0 $0 $1.0b $5.0m $71.0m — $273.0m $820.0m
Other investing activities $0 $0 ($3.0m) $2.0m ($12.0m) $12.0m ($11.0m) — ($129.0m) $11.0m
Payments for (Proceeds from) Other Investing Activities — — $3.0m ($2.0m) $10.0m ($12.0m) $11.0m $129.0m ($11.0m) ($11.0m)
Net Other Investing Changes — — — — — ($35.0m) $45.0m ($128.0m) $11.0m —
Net Cash Provided by (Used in) Investing Activities ($1.0m) $870.0m ($141.0m) ($159.0m) $1.4b ($250.0m) ($7.0b) ($263.0m) $407.0m $407.0m
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — — $6.0m $4.0m — — — —
Proceeds from issuances of long-term debt, net — — — — $6.0m $4.0m $7.6b — $2.8b $0
Issuance Of Debt — — — — — $4.0m $9.4b $3.5b $0 —
Long Term Debt Issuance — — — — — $4.0m $7.6b $2.8b $0 —
Net Issuance Payments Of Debt — — — — — ($10.0m) $6.0b ($877.0m) ($1.1b) —
Net Long Term Debt Issuance — — — — — ($10.0m) $4.4b $207.0m ($618.0m) —
Net Short Term Debt Issuance — — — — — $0 $1.6b ($1.1b) ($515.0m) —
Short Term Debt Issuance — — — — — $0 $1.8b $688.0m $0 —
Repayments of Long-term Debt $730.0m $584.0m $1.7b $308.0m $931.0m $14.0m $3.2b — $2.6b ($618.0m)
Long Term Debt Payments — — — — — ($14.0m) ($3.2b) ($2.6b) ($618.0m) —
Repayment Of Debt — — — — — ($14.0m) ($3.4b) ($4.4b) ($1.1b) —
Short Term Debt Payments — — — — — $0 ($205.0m) ($1.8b) ($515.0m) —
Net Common Stock Issuance — — — — — ($1.1b) ($518.0m) ($554.0m) ($1.2b) —
Payments for Repurchase of Common Stock $0 $710.0m $272.0m $200.0m $3.7b $1.1b $518.0m $554.0m $1.2b $1.2b
Payments of Ordinary Dividends, Common Stock $252.0m $262.0m $272.0m $325.0m $817.0m $864.0m $868.0m $886.0m $903.0m $903
Repurchases of common stock $0 ($710.0m) ($272.0m) ($200.0m) ($2.3b) ($1.1b) ($518.0m) — ($554.0m) ($1.2b)
Common Stock Payments — — — — — ($1.1b) ($518.0m) ($554.0m) ($1.2b) —
Dividends paid ($252) ($262) ($272) ($325) ($725) ($864) ($868) — ($886) ($903)
Cash Dividends Paid — — — — — ($864.0m) ($868.0m) ($886.0m) ($903.0m) —
Common Stock Dividend Paid — — — — — ($864.0m) ($868.0m) ($886.0m) ($903.0m) —
Other financing activities ($16.0m) ($21.0m) ($24.0m) ($25.0m) ($6.0m) ($6.0m) ($41.0m) — ($40.0m) $108.0m
Proceeds from (Payments for) Other Financing Activities ($16.0m) ($21.0m) ($24.0m) ($25.0m) ($6.0m) ($6.0m) ($41.0m) ($40.0m) $108.0m $108.0m
Net Other Financing Charges — — — — — ($51.0m) ($17.0m) $93.0m $108.0m —
Net cash (used in) provided by financing activities ($893.0m) ($1.4b) ($805.0m) ($781.0m) ($3.1b) ($2.0b) $4.6b — ($2.2b) ($3.1b)
Net Cash Provided by (Used in) Financing Activities ($893.0m) ($1.4b) ($805.0m) ($781.0m) ($4.4b) ($2.0b) $4.6b ($2.2b) ($3.1b) ($3.1b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($24.0m) ($4.0m) ($1.0m) ($3.0m) ($3.0m) ($18.0m) $11.0m ($17.0m) ($17.0m) —
Effect of exchange rate changes on cash and cash equivalents ($24.0m) ($4.0m) ($1.0m) ($3.0m) $23.0m ($18.0m) $11.0m — ($17.0m) $23.0m
Effect Of Exchange Rate Changes — — — — — ($18.0m) $11.0m ($17.0m) $23.0m —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($24.0m) ($4.0m) ($1.0m) ($3.0m) ($335.0m) ($61.0m) ($320.0m) $55.0m $454.0m $454.0m
Net increase (decrease) in cash and cash equivalents $6.0m ($3.0m) ($196.0m) $242.0m $452.0m ($61.0m) ($320.0m) — $55.0m $454.0m
Cash and cash equivalents, beginning of period — — — $530.0m $1.3b $880.0m $560.0m — $615.0m $1.1b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $941.0m $880.0m $560.0m $615.0m $1.1b $1.1b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — ($61.0m) ($320.0m) $55.0m $454.0m —
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $170.0m $284.0m $296.0m $489.0m $654.0m $604.0m $604.0m
Income Taxes Paid, Net — — — $137.0m $358.0m $309.0m $715.0m $102.0m ($55.0m) ($55.0m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.