← 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
Operating Revenue $7.5b $5.9b $6.2b $6.8b $18.2b $17.1b $19.4b $21.3b $21.9b —
Total Revenue $7.5b $5.9b $6.2b $6.8b $17.8b $17.1b $19.4b $21.3b $21.9b $21.9b
Cost of Revenue $5.1b $3.8b $3.9b $4.5b $12.4b $12.1b $14.3b $15.8b $16.2b ($16.2b)
Reconciled Cost Of Revenue — — — — — $12.1b $14.3b $15.3b $15.7b —
Gross Profit (derived) $2.3b $2.1b $2.3b $2.3b $5.4b $4.9b $5.1b $5.5b $5.6b $5.6b
Gross Profit (Calculated) $4.3b $2.9b $2.3b $2.3b $5.4b $4.9b $5.1b $5.5b $5.5b $5.6b
Research And Development — — — — — $603.0m $480.0m $515.0m $536.0m —
Operating Expenses $1.2b $1.0b $1.1b $1.2b — — — — — —
EBIT $1.1b $1.1b $1.1b $2.1b $1.6b $1.8b $2.3b $2.5b
Operating Income $1.1b $1.1b $1.1b — $2.1b $1.9b $1.8b $2.0b $2.1b —
Operating Income (Loss) $1.1b $1.1b $1.1b — $3.3b $1.8b $1.4b $1.9b $2.1b $2.1b
Total Operating Income As Reported $1.1b $1.1b $1.1b — $2.1b $1.1b $1.4b $1.9b $2.1b —
Additional Financial Items
Amortization of Intangible Assets $167.0m $126.0m $117.0m $115.0m $627.0m $605.0m $779.0m $853.0m $770.0m $770.0m
Gain (Loss) on Investments — — — — — ($18.0m) — — — —
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) — — $0 ($767.0m) ($802.0m) ($374.0m) — ($38.0m) ($85.0m)
Income (Loss) from Continuing Operations before Income Taxes, Domestic — — — — — — — — $1.7b $1.7b
Income (Loss) from Continuing Operations, Per Basic Share $3 $5 $6 $8 $9 $6 $6 — $8 —
Income (Loss) from Continuing Operations, Per Diluted Share $3 $5 $6 $8 $9 $5 $6 — $8 —
Income (Loss) from Equity Method Investments — — — — — — — — — —
Income taxes ($266.0m) ($267.0m) ($205.0m) ($160.0m) ($234.0m) ($212.0m) ($23.0m) — ($85.0m) ($326.0m)
Investment Income, Interest $2.0m $2.0m $2.0m $2.0m — — — — — —
Non-service FAS pension income and other, net $10.0m $2.0m ($28.0m) $188.0m $439.0m $425.0m $338.0m — $354.0m $419.0m
Noncontrolling interests, net of tax $0 — — $0 $33.0m $1.0m $29.0m — ($10.0m) $0
Amortization — — — — — $532.0m $687.0m $779.0m $707.0m —
Amortization Of Intangibles Income Statement — — — — — $532.0m $687.0m $779.0m $707.0m —
Depreciation Amortization Depletion Income Statement — — — — — $532.0m $687.0m $779.0m $707.0m —
Depreciation And Amortization In Income Statement — — — — — $532.0m $687.0m $779.0m $707.0m —
Diluted EPS $2.59 $4.44 $5.92 $7.86 $9.09 $5.49 $6.44 $7.87 $8.53 $8.53
Diluted NI Availto Com Stockholders $345.0m — — — $1.8b $1.1b $1.2b $1.5b $1.6b —
Gain On Sale Of Business — — — — — $0 ($51.0m) ($19.0m) ($82.0m) —
Gain On Sale Of PPE — — — — — — — $62.0m $184.0m —
Gain On Sale Of Security — — — — $5.0m ($18.0m) — — — —
Impairment Of Capital Assets — — — — — $802.0m $374.0m $38.0m $85.0m —
Minority Interests — — — — — $1.0m $29.0m ($10.0m) $0 —
Net Income From Continuing And Discontinued Operation $345.0m — — — $1.8b $1.1b $1.2b $1.5b $1.6b —
Net Income From Continuing Operation Net Minority Interest $345.0m — — — $1.8b $1.1b $1.2b $1.5b $1.6b —
Net Interest Income — — — — — ($279.0m) ($543.0m) ($675.0m) ($597.0m) —
Normalized EBITDA — — — — — $3.3b $3.3b $3.7b $3.8b —
Normalized Income — — — — — $1.7b $1.6b $1.6b $1.6b —
Other Gand A — — — — — $3.0b $3.3b $1.8b $1.8b —
Reconciled Depreciation — — — — — $938.0m $1.2b $1.3b $1.2b —
Restructuring And Mergern Acquisition — — — — — $162.0m $174.0m $102.0m $57.0m —
Selling General And Administration — — — — — $3.0b $3.3b $2.2b $2.2b —
Special Income Charges — — — — — ($802.0m) ($374.0m) ($97.0m) ($40.0m) —
Tax Effect Of Unusual Items — — — — — ($133.9m) ($7.1m) ($5.2m) ($6.7m) —
Tax Provision $266.0m $267.0m $205.0m $160.0m $440.0m $212.0m $23.0m $85.0m $326.0m $326.0m
Tax Rate For Calcs — — — — — $0 $0 $0 $0 —
Write Off — — — — $35.0m $0 — — — —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — — $2.3b $1.3b $1.2b $1.6b $1.9b $1.9b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $345.0m — — — $1.8b $1.1b $1.2b $1.5b $1.6b —
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 $1.5b $1.6b —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent ($21.0m) ($85.0m) ($3.0m) ($4.0m) ($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 — — —
Total Unusual Items — — — — — ($802.0m) ($374.0m) ($97.0m) ($40.0m) —
Total Unusual Items Excluding Goodwill — — — — — ($802.0m) ($374.0m) ($97.0m) ($40.0m) —
Income before income taxes — — — — $2.3b $1.3b $1.2b $1.6b $1.6b $1.9b
Pre-Tax Income — — — — $2.3b $1.3b $1.2b $1.6b $1.9b $1.9b
Net Income $324.0m $553.0m $718.0m $949.0m $1.1b $1.1b $1.2b $1.5b $1.6b —
Net Income Common Stockholders $324.0m $553.0m $718.0m $949.0m $1.1b $1.1b $1.2b $1.5b $1.6b —
Net Income Continuous Operations $345.0m $638.0m $721.0m $953.0m $1.8b $1.1b $1.2b $1.5b $1.6b —
Net Income Discontinuous Operations — — — — ($1.0m) $0 $0 — — —
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
Net Income (Loss) Attributable to Noncontrolling Interest $0 — — — ($4.0m) ($1.0m) ($29.0m) $10.0m $0 $0
Net Income Including Noncontrolling Interests $345.0m $638.0m $721.0m $953.0m $1.8b $1.1b $1.2b $1.5b $1.6b —
Earnings Per Share, Basic $2.61 $4.50 $6.04 $8.03 $9.17 $5.54 $6.47 $7.91 $8.57 $8.57
Earnings Per Share, Diluted $2.59 $4.44 $5.92 $7.86 $9.09 $5.49 $6.44 $7.87 $8.53 $8.53
Weighted Average Number of Shares Outstanding, Basic — 122.6m 118.6m 118.0m 201.3m 191.8m 189.6m 189.8m 187.4m 187.4m
Basic Average Shares — 122.6m 118.6m 118.0m 201.3m $191.8m $189.6m $189.8m $187.4m 187.4m
Diluted Average Shares 125.0m 124.3m 121.1m 120.5m 203.2m $193.5m $190.6m $190.7m $188.4m 188.4m
Weighted Average Number of Shares Outstanding, Diluted 125.0m 124.3m 121.1m 120.5m 203.2m 193.5m 190.6m 190.7m 188.4m 188.4m
Business Combination, Acquisition Related Costs — — — — — — $83.0m $78.0m — —
Current Income Tax Expense (Benefit) ($19.0m) $132.0m ($140.0m) $122.0m $550.0m $813.0m $444.0m ($89.0m) $120.0m $120.0m
General and administrative expenses — — — ($1.2b) ($3.3b) ($3.0b) ($3.3b) — ($3.6b) ($3.4b)
Interest Expense $183.0m $172.0m $170.0m $169.0m — $279.0m $543.0m $675.0m $597.0m —
Interest expense, net — $170.0m ($168.0m) — ($265.0m) ($279.0m) ($543.0m) — ($675.0m) ($597.0m)
Nonoperating Income (Expense) $10.0m $2.0m ($28.0m) $188.0m $439.0m $425.0m $338.0m — $354.0m $419.0m
Other Nonoperating Income (Expense) — — ($3.0m) $0 $28.0m $2.0m — $354.0m $419.0m $419.0m
Selling, General and Administrative Expense — — — — $3.3b $3.0b $3.3b $3.6b $3.4b $3.4b
General And Administrative Expense — — — — — $3.0b $3.3b $1.8b $1.8b —
Interest Expense Non Operating $183.0m $172.0m $170.0m $169.0m — $279.0m $543.0m $675.0m $597.0m —
Net Non Operating Interest Income Expense — — — — — ($279.0m) ($543.0m) ($675.0m) ($597.0m) —
Operating Expense — — — — — $3.0b $3.3b $3.5b $3.5b —
Other Income Expense — — — — — ($377.0m) ($36.0m) $257.0m $379.0m —
Other Non Operating Income Expenses — — — — — $425.0m $338.0m $354.0m $419.0m —
Selling And Marketing Expense — — — — — $483.0m $450.0m $445.0m $463.0m —
Income Tax Expense (Benefit) $266.0m $267.0m $205.0m $160.0m $440.0m $212.0m $23.0m $85.0m $326.0m $326.0m
Interest Income (Expense), Net — $170.0m ($168.0m) — ($265.0m) ($279.0m) ($543.0m) — ($675.0m) ($597.0m)
Interest Income (Expense), Nonoperating, Net — — — — — — — ($675.0m) ($597.0m) ($597.0m)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component — — — — $445.0m — — — — —
Total Expenses — — — — — $15.1b $17.6b $19.3b $19.7b —

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.