L3Harris Technologies (LHX) FY2019 results: revenue $12.9 billion
L3Harris Technologies, Inc. (LHX) reported revenue of $12.9 billion for fiscal 2019, the year ended 3 January 2020. Net income was $1.3 billion, and diluted earnings per share $7.89. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
| $ million | FY2019 | Last 8 years |
|---|---|---|
| Revenue | 12,856 | |
| Cost of revenue | 9,088 | |
| Gross profit | 3,768 | |
| Gross margin | 29.3% | |
| Selling, general and administrative | 2,540 | |
| Interest expense | 217 | |
| Pre-tax income | 1,493 | |
| Income tax | 146 | |
| Effective tax rate | 9.8% | |
| Net income | 1,333 | |
| Net margin | 10.4% | |
| Diluted EPS | $7.89 |
$ million except per share.
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Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow
| $ million | FY2019 | Last 8 years |
|---|---|---|
| Diluted shares, weighted | 169m | |
| Shares outstanding at period end | 218m |
Balance sheet
| $ million | FY2019 | Last 8 years |
|---|---|---|
| Shareholders' equity | 22,587 | |
| Non-controlling interest | 157 | |
| Short-term borrowings | 3.0 | |
| Debt | 6,951 | |
| Operating lease liabilities | 781 | |
| Other liabilities | 7,857 | |
| Total liabilities and equity | 38,336 | |
| Fixed assets | 2,117 | |
| Goodwill | 20,001 | |
| Intangible assets | 8,458 | |
| Cash and equivalents | 824 | |
| Receivables | 1,216 | |
| Inventory | 1,219 | |
| Other assets | 4,501 | |
| Total assets | 38,336 |
10-K for the year ended 3 January 2020, filed 1 March 2021: the filing.